Came across this article in MoneySense that list 10 quick signs that you might be financially stable enough to retire.
Here's the list:
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You own a paid-for home
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You have a work place pension plan
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You're 65 and qualify for CPP, OAS, and possibly GIS
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You have $700,000+ in savings
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Your children are financially stable and independent
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You've test driven a realistic retirement budget
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You can weather a market downturn
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You have varied sources of income
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All your friends are retired
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Your job is affecting your health
Now everybody is different and this isn't the be-all-end-all of things to consider. But it does give some important
things to consider if you are thinking of retiring.
For the complete article CLICK HERE