Why this 63-year-old doesn’t count on any one source of income to see him through retirement. Plus, why all the fuss over mandatory RRIF withdrawals?

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Why this 63-year-old doesn’t count on any one source of income to see him through retirement. Plus, why all the fuss over mandatory RRIF withdrawals?
France Dernières Nouvelles,France Actualités
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Content from The Globe’s weekly Retirement newsletter

“I semi-retired at age 55 after hiring a manager to run my trucking company, then retired fully at age 57 after winding down the business,” says Mickey McCarthy, 63, in the latest Tales from the Golden Age. “My wife retired last summer at age 57 from a career in hospital administration.”

McCarthy, who lives in Edmonton, was able to retire financially thanks to his business income and some good investment decisions made over the years. “As a kid, my Ukrainian grandfather told me to invest in something tangible, so I bought gold bullion, which I still own. My wife and I also own various types of real estate, some of which we’ve sold off in recent years.”

. Please include a few details about how you saved and invested for retirement and what your life is like now.

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France Dernières Nouvelles, France Actualités

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