will come back to work as a consultant after retirement. So I know a lot of people, of course they need to make to at least a senior level or usually manager level, come back as a consultant after they retire at around 60. Normally a guy in this case can make around $200K per year from the consulting work, plus their pension income, which is 70% of the average of highest 5 years' salary, which is normally at around $80K, their total annual income would be around $300K.
I know a few consultants in my office are doing this. They will work for another 5 years till they are 65, make about 1million from consulting ($200K per year for 5 years), then they will trully retire. And many of them will buy a house in the South such as Florida and will live there during the winter, then come back to Canada for the other three seasons.
I do not see this as a "loser strategy". Of course, there are some people who always think only the U.S. is the best, just like when we were in China, there are a few students in our class, who were born in Beijing, would always say that Beijing is the best, and all the other cities in China are "loser cities".
I know a few consultants in my office are doing this. They will work for another 5 years till they are 65, make about 1million from consulting ($200K per year for 5 years), then they will trully retire. And many of them will buy a house in the South such as Florida and will live there during the winter, then come back to Canada for the other three seasons.
I do not see this as a "loser strategy". Of course, there are some people who always think only the U.S. is the best, just like when we were in China, there are a few students in our class, who were born in Beijing, would always say that Beijing is the best, and all the other cities in China are "loser cities".
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