2019-10 Plan Review

Life is all about the plan. One can not guarantee outcomes but one can try to plan.

Networth %

Investable Assets


Personal Residence




Investable Assets – 71.1% Networth

  1. Real Estate – 18.5%
    1. Office unit – 37%
    2. Another unit- 63%
  2. Paper Investments – 80.8%
    1. Equities – 23%
    2. Bonds & GICs – 77%
  3. Commodities – 0.7%

I continue to buy VGRO monthly and that is good enough at this time. We have likely over saved and my husband has no plans to decrease his work.

I equate risk with not having the money ready when we need it. Volatility by itself is not risk.

Personal Residence – 27.4% Networth

I plan for this percentage to decrease with time. It is not a great idea to keep so much in one asset. But Canadian real estate has been mildly euphoric. Plus I love my home.

Goals Based Plans

Short Term

  1. Enjoy my current standard of living easily.
  2. Use:
    1. My home
    2. Salaries from our corporation

Medium Term

  1. Education for our children
  2. Earlier retirement for hubby if wants
  3. Use:
    1. CCPC – ZDB
    2. Office unit rental

Long Term

  1. Retirement
  2. Use:
    1. CPP + OAS – government benefits (Plan 50% of living expenses)
    2. RRSP – VAB
    3. CCPC – VGRO + ZDB


  1. TFSA – VGRO
  2. Personal residence exemption
  3. Universal life insurance

VGRO – 80/20 asset allocation ETF

ZDB + VAB – bond ETFs

As one can see, my short term and medium term plans do not involve any equities. I save VGRO for my long term and estate plans.

That is the only way that I can think about all this.

After all my essentials are taken care of, I would use the market to attain loftier goals. But none of it is promised. However I have no better vehicle to attain investment growth.

Here is how I am looking at retirement risks and how to use the products at my disposal.

















SORR – Sequence of return risk

SWP – Systematic Withdrawal Plan (equities, bonds)

Give With Warm Hands and a Warm Heart


I have been witness to many generational conflicts when it comes to money. That is what happens when patients get to know you well enough to divulge family matters.

I have seen families where the younger generation required a helping hand. But the senior family members would not assist. What a shame those situations were.

It’s reasonable when one does not have the ability to assist to lend a helping hand. But these families have significant wealth. Unfortunately it often served as a means of controlling one another.

Good grief. That is the last thing I want money to do.

It made sense for us to assist our children but strategically. I bought our multiplex when my daughter was one years old. I bought it close to the university. I figure that that would be one of our largest expenses. It certainly was my largest expense as a young adult.

Having the kids live at home while they pursue their education has been helpful. We would not have rented the unit so there is no lost income. It serves as a home base for them as they figure out this part of their lives.


That is also why I am using the TFSA.

The TFSA will not amount to much during our lifetime. However, for our children, it can become valuable. They will have the decades required for these modest sums to grow. The benefit for us is that we can contribute modest amounts and there is no tax when we transfer the assets.

The rules may change but currently we make certain to have our children named as the beneficiaries. My husband and I are the successor holders.

The point of money is to make life easier for those I care about. But it is also about making life easier for my hubby and I.

That is why there will be no massive money gifts for the children. They will have to learn to share with the multiplex and waiting with the TFSA.

I love the saying “values are caught, not taught”. How true that is.

These are the values I plan to impart. Much can be accomplished with sharing and patience.

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