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Stock impact report

If You Start Investing Today, When Could You Retire? [Yahoo! Finance Canada]

Telus Corporation Ordinary Shares (TU) 
Last telus corporation ordinary shares earnings: 2/13 06:45 am Check Earnings Report
US:NYSE Investor Relations: telus.com/en/about/investor-relations
The 2008 Financial Crisis has taught Canadians an important lesson and made them more responsible with debt. However, the 2020 pandemic has made Canadians more spendthrift. The key is to bring a balance between spending and saving. The question in everyone's minds is when could I retire if I start investing today? When could you retire if you start investing today? To answer this question, you need to answer a series of other questions. Take a pen and paper and give it some thought. What are your current monthly expenses? Once you arrive at that figure, grow it annually by 5%. (Canada's average inflation is 3%, but it is better to take a higher rate to account for surprises.) ADVERTISEMENT How much money do you need to retire comfortably? Your retirement pool should have one portion (maybe 80%) for passive income to maintain the monthly expenses and one portion (maybe 20%) for emergencies and recreation. This percentage can vary from person to person. You determine the Show less Read more
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