Want to Retire on Hans Island?

Thursday, July 28 2005 @ 08:13 PM EDT

Contributed by: martingale

Do something patriotic with your retirement: Retire on Hans Island!

Hans Island is a small uninhabited barren knoll located in the strait that separates Ellesmere Island from Northern Greenland. It's one of the most desolate places in Canada, and it's not really clear why anyone would ever want to live there, but then everyone's different. Canada's claim to sovereignty over Hans Island has recently been challenged, and given how difficult it would be to live on Hans Island, retiring there really would be a heroic act of patriotism.

Some people may find the icy desolation and utter isolation of a remote arctic island a refereshing break from the hustle and bustle of modern life. You'd be helping to defend Canada's sovereignty over this little bit of our nation, sovereignty that has recently been challenged by Denmark. Hans Island has been a part of Canada ever since it was claimed by Britain, pre-confederation; yet Denmark has sought to establish control over it in order to control the sea lanes, and to win potential fishing and mineral rights in the area.

If you do dream of retiring somewhere exotic, like Hans Island, you'll need to have saved up the required funds. For somehere like Hans that'll be a lot of money--you'll need specialized equipment, and an extensive support system, just to survive, not to mention bravery, an adventurous spirit, and some considerable luck.

Efficient Market Canada will educate you about the Canadian investment industry, teach you about Canadian mutual funds and exchange traded funds, provide investment book reviews and ultimately help you build a self-directed RRSP efficiently, for the lowest cost. With sound financial planning you should be able to save up enough to fulfill your retirement dreams, even if you dream of something as crazy as living on Hans Island.

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http://www.efficientmarket.ca/article/Hans_Island