Thinking to FIRE in the next few years 45 years of age relatively healthy. Housing paid off, detached primary house and another detached house which I rent out both in Toronto total value about about 3 million for both.
Resp funded at 100k for kids. May work part time 2 days to stay mentally and physically active not counting that as income. In Canada.
Goal to FIRE when reach 2.1 million portfolio as follows
1600000 million rrsp with:
200k qqqi
200k spyi
500k gpiq
500k gpix
200k iaui
Yield 10 percent
160k annual income
500000k tfsa with :
250k voo
250k qqq
Rental Income
35k annual
Total annual income all sources
195k will probably need 115k that is after tax about 80 to 85k . Reinvest rest.
Aware of nav erosion with covered call will reinvest all yield not used for living and leisure.
Thoughts ? Doable ?