Highlights:
- A real-life example how a Millennial couple is investing for retirement
- See how much is in their accounts and what they’re invested in
- Copy their model portfolio into your Passiv account
This is for informational purposes only. They reflect each person’s unique situation and their own views. This is not financial advice.
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Meet the investor
Carrie is 40 and plans to retire in 20 years.
She and her partner own in a high-cost area.
She shares the numbers from their combined investments.
Let’s talk money
Right now in investments we have $701,235.
How did we get here? We basically invested whatever we could for years. We both work in volatile industries, so we erred on the side of caution and built up our accounts as much as possible.
We were focused on saving for a downpayment for many years, and once we bought we were able to put all our attention on our investments.
We’ve eased off now that we’re in a place where we feel like we can get where we want to go with regular contributions.
Each month we invest $2,500.
A money goal I’m working toward is a million in investments! We’re on track to reach that in about 3 years.
How I’m investing
What my accounts look like:
TFSA: $156,758
RRSP: $185,895
Spousal RRSP: $43,583
Margin: $26,750
Partner’s TFSA: $161,912
Partner’s RRSP: $124,753
Partner’s margin: $1,582
What I’m invested in:
VFV 60%
VIDY 25%
VDY 15%
Like this portfolio? Click below to save it as a model portfolio in your Passiv account.
My general approach to investing
We love index funds! We are buy-and-hold investors.
We don’t have any bonds since my husband’s pension is our ‘guaranteed income’.
Retirement goals
My retirement money goal is for us each to have 2 million, so a total of 4 million.
If we stick to our plan we’re right on track if we get an average return of 7%.
Other money in retirement
My husband will have a good pension, and I will probably have an inheritance from my parents - but I don’t want to bank on that, so I haven’t included it in any of our retirement planning.
My advice for other people investing for retirement
Break it down into small goals!
We celebrate every ‘milestone’ amount we reach in our investment account - basically every time we reach another $25,000 invested.
It helps you see the progress you’re making, so it doesn’t feel like you’re working towards a goal that is so far off in the future.
Simplify investing for retirement
Saving for retirement is easier than you think.
Passiv is the investing tool that makes it easy to build and manage your retirement portfolio.
Any time you have cash in your account - whether you’ve made a deposit or received a dividend payout - it lets you know, and tells you exactly what to invest in based on your portfolio.
It gives you a clear picture of all your investments, helps you stay balanced, and keeps your long-term plan on track.
Whether you're managing your own accounts or your whole household’s, everything is in one place.
