AB Bride: Phew, I had to google quite a few Canadian retirement fund terms just now ; ) hehe. How does a withdrawal or distribution work if you chose to do an RRSP now – could you withdraw the funds penalty-free if you decided it was uncessary later on? In hindsight, having taken a distribution for your down payment, do you mind my asking if you think you would make that same decision again? I ask because I know some people who have done it and are happy they did because they had the funds they needed to get into the home they wanted, but I also know some who regret having done so, so I’m curious about it.
RedWine13: Hehe, likewise! Thank you! I’ve been delaying the process as much as possible, but I’m at the point where I just need to suck it up and get sh*t done. I work on pensions occasionally, but if I’m being honest they are certainly not my favorite.
cbgg: Gotcha. That’s really neat, actually! There are a lot of complications and stipulations for our plans that don’t make things easy, that’s for sure. Did Darling Husband have a savings plan that he needed to transfer over in CA (I’m not even sure if that’s possible or an option?). It’s good that you have both perspectives to use for comparison, also. Do you mind my asking which healthcare system he prefers more? I’m curious!
cc1791: That’s great that you’re able to comfortably max yours out and that’s a nice ER match, too. Our goal is to keep our lifestyle the same in retirement should we choose to – though I’m sure we’ll cut back on many things, to be honest! We’re lucky to be ahead of the game right now, so hopefully we’ll continue to achieve the results we would like. We likely won’t be retiring here in California (cost of living and tax-wise, I doubt it would make sense on any level!) so that should immediately help with things.
louisianablue: That’s wonderful! I tend to follow the same principles. I am consistently surprised by so many of our friends who ALWAYS end up spending their unexpected or extra income instead of saving it! I understand waiting for the income to use as a treat or whatever since all other expenses are already planned, but maybe I’m overly paranoid about finances compared to many of them haha.
Lollybags: Ohhh, ok. I can see how it would be extremely frustrating and increase suspicions when there are so many changes being made and much indecision – I certainly wouldn’t feel as comfortable about things! Do you think you’re going to sign up for a separate plan soon?
pinkshoes: That’s great! I figure the bulk of our investments will end up being used in retirement also. I try my best to ignore investment news and just ride the ups and downs as they come, but I would say that maintaining our portfolio is one of my least favorite things because of all the unknowns involved (I like to plan things out wayyyy too much).