Live ‘n Learn Better Stronger & Wiser!

We begin the process for most people in North Central America, at young age 17-18th years old, working part-time and sometimes earlier varies per individual children’s who is raised in the middle class income families, and at same time going to school taking a part-time job is normal procedure for most teenager’s working and studying combination, except for wealthy parents sometimes their children it doesn’t have to go to work while going to school, in the positive side between middle-class children’s who work and earn his/her allowance by working part-time is more likely stronger and will become successful and knowledgeable in early age when it comes to resources and being independent to be own their own than those who relying of their parents financial support and seems to less ambitious than children’s who have their lessons-learned at young aged.

Long-Term Retirement Savings 35-40/Yrs.

The long terms financial planning preparation by saving and investing that is work for our self-value towards retirement financial security after working at-least a minimum of 35-40 years plus and there is still a tendency to go back to work after retirement for most elder is fixed income earners.

There are three types of tax

For most of civilized countries (examples) in North and Central America/Canada., we do have to pay three (3) types of tax from all sources of income earned; (one) tax from employment income (two) tax for what we own and (three) tax on what we buys in the daily basis that is contributing to large sum expenditures over period of time and year.

At age 65 pension earned is taxable

At age 65 retirement the maximum qualifications from all types of people in higher-class middle-class.

The lower-class and/or low income earners (is not affected).

Pensioners at age 65 earned tax payable

Afterwards the higher-class earner and the middle-class earners after retirement at age 65, in total gross earned is taxable at all sourced of income from wherever employments which is originate whether from your employer of 40 years who contribute to a pension plan during years of employment which is employee has already been paying income tax and contribute into the pension planned. At age 65, when he/she receiving his/her old-age pension is subject to tax depending on his/her income brackets and provincial territories associated with tax liabilities for all working Canadian’s who takes responsibilities and obligations for a lifetime.

after working 35-40 years isn’t enough!

A private investing required capital cash flow and determination to succeed an individual that is well-organize creative mindset, with flexibility, the best way to participate in liquid asset investing with several option to consider.

Retirement Financial Security

Others maybe enable to create a certain amount of time and effort to make additional income, which is doesn’t affect any other financial security amongst several resources of investment savings, old-age security and employment pensionable income during their employment contribution toward pension earning maturity to retire at age 65.