u/SpecialistKoala9765

Since last year I worry stock market run up too much so i started saving more into high interest saving accounts.
A year later this feels like a mistake but i tell myself i have cash buffer if things crash. But i dont think i should continue to park money there.
Where would you invest in now? Index ETFs with low fees? How much would you invest or you’re still aggressive equities even at such elevated price? How do you get comfortable buying high?
I’m having more worries buying more equity and it’s paralyzing me…

I was wonder what is the right income tax level when planning for RRSP meltdown especially for early retiree in their 50s.
Is there any statistics about average and marginal income tax rates in Canada for early retirees? (50s 60s 70s or above)
I am looking to be an average early retiree … no extravagant spending so I want to plan my withdrawals accordingly over 40 years.

Is there an AI strategy that will help me smooth out my income tax rates smoothly across all my life span?
All the RRSP meltdown strategies I tried are still showing lumps of my tax rate after 70 and I wish there’s a way to plan the withdrawal to smooth them perfectly
Thanks.

I have a question about what happens after subscription expired. I used to have an Adviice account subscription and ran my portfolio scenario analysis there. I ended the subscription earlier this year.
However it seems like my email address and sign on all became invalid when I tried to log in and reactive my subscription.
Does my personal information and email sign in gets deleted after I unsubscribe ? Or is it possible to get the information saved in my account brought back ?
Thank you.

How does the platform model a portfolio restructuring if I plan to retire in my early 50s? From accumulation phase investment asset allocation into spending phase withdrawing from it?

What asset allocations does Adviice recommend for my unregistered investment? RSP? And TFSA? What % equity is appropriate for 50s retiree if I plan out to age 95?

Thanks.

Question for community input.
Im in my early 50, about to lose my job and AI trend only makes it harder in my field. I have saved over 30 times my annual expenses so Im thinking invoke lean FIRE if that happen.

I’m currently holding 70% equity and 30% fixed income. My fixed income are all cash savings and GICs up to 5 years. The FI portion also serve as cash wedge strategy in case I lose my job at the same time market crash. The last two times I held bond it dropped in value along with equity and never recover as well. (Inflation led to higher interest rates)

Am I holding too much ST cash or GICs? What would you recommend my allocation % ?

Thanks.

I’m struggling recently in my FIRE journey and I wonder if fellow practitioner experience the same thing.
I find that as I go through FIRE journey, I may see my investment grow through high savings rate and feel more financial secured. However my mental health has been declining.
I’m feeling anxious all the time, worrying about running out of money after FIRE. Feeling I’m going from dependent on work to dependent on market performance.
When my company is putting me on layoff list potential, I should feel more financially secured but all I’m feeling now is crappy and depressed. I feel that I may be able to spend during rainy days but the market uncertainty is going to eventually catch up to me and I’ll run out.

How do I get back to mentally stable? If FIRE causing me anxiety or is it already mitigating my situation and I could have been much worse?

Question for FIRE community - what do you think is a realistic spending for an average lifestyle for a single person living in downtown Toronto?
I’m at risk of losing my job so I’m hoping to get more confidence in my FIRE assessment. I worry I under estimate my living expense. Many post I read here has a very big range.
Is an after tax $60k annual spending reasonable? Or $80k? Many post says $100k plus but I never spent that much when I tried to save as much as I can.
Appreciate all your thoughts. Thank you !

I have a question for adviice platform and fellow users…. How do you realistically enter your home insurance cost into your future retirement years when assessing your cash flows?

Insurance cost has skyrocketed in past 5 years. My small condo cost in Toronto went up 10% 2 years ago, another 15% last year and another 25% this year!
I worry about running out of money at this crazy increases. I checked with few other home insurers and they all do the same ! Jack up premium to make up the claims increase due to climate change on fire, floods and even ice storms. This looks like to continue in next 30 years …. That’s nothing the platform has stress test scenario for … future climate risk increasing cost of livings … I’m not preaching here …. My insurance premium increase is real and already affecting my savings budgets.

Thoughts on how we should get comfort onto this against the success rate ? Should we add more assumption to stress our portfolios further with these almost certain increase in spendings ?

I just got a 25% increase in my annual premium for my home insurance. It kind of make sense climate change has driven up a lot of disaster events and destroying properties. On the other hand this feels more like a scam from insurance company …..
Do FIRE practitioners buy home insurance ? On one hand it’s a big spend, on the other my home is my biggest single asset I rely on to live in…

I live in a city condo. I doubt there’s major climate risk event but I’d never know…

Any suggestions welcome. Thank you .