Do it your way — but it\u0027s simpler just to avoid these financial blows
Regular lavish travel
According to Statistics Canada, Canadians travelling to the U.S. in the first quarter of 2022 spent 94 per cent more on average than trips taken in 2019. The average trip to the U.S. cost $1,811, while overnight trips within Canada cost on average, $484. However, you may end up moving anyway. Declining health, the lack of nearby family support, loss of a partner or accessibility may prevent you from staying in your dream home. This could mean downsizing or moving to be closer to family.Article contentWhether it’s a fancy boat, a sleek sports car or an opulent recreational vehicle, these fancy toys come with a hefty price tag. Then there are expensive and frequent maintenance, storage and insurance costs.
Before heading down that path, any financial adviser worth their saltwill remind you to put on your oxygen mask first. Set firm financial boundaries or you’ll drain your retirement assets and may end up depending on them for support.
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