The purpose in theory is to have for future and when you don’t work so if you work normally and have 50k wage for example, you can withdraw 50-75k or so of investment income in the years your not working and pay the same level of tax and live off your earnings. Obviously used 50k as an example and the reason I said 50-75k is investment income is taxed lower then employment income in Canada and I am insure if the same situation in the States.
Also, fuck shares, buy what is truely valuable, land.
OP:
The purpose in theory is to have for future and when you don’t work so if you work normally and have 50k wage for example, you can withdraw 50-75k or so of investment income in the years your not working and pay the same level of tax and live off your earnings. Obviously used 50k as an example and the reason I said 50-75k is investment income is taxed lower then employment income in Canada and I am insure if the same situation in the States.
Also, fuck shares, buy what is truely valuable, land.