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Finding Your Financial Independence Number and How to Live Off Your Portfolio

Build Wealth Canada Podcast

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How to Structure a GIC Strategy When Interest Rates Are Higher

When the way interest rates are, we have what's called an inverted yield curve where shorter term interest rates are higher than longer term interest rates. So in a situation like this, it basically means take $20,000 and buy a one, two, three, four, five year GIC for 20,000 each. And that could be something like a hundred savings account, or you could even do like a GIC ladder, I assume. The Canada pension plan is very, very safe. If things collapse, all they'll do is tell you and I, you don't have to contribute more if your employer also contributes into the system.

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