January 2023 Dividend Income Update
Welcome to a new year of dividend income updates – and some changes to report that I hope you will appreciate!
More on that in a bit…
First, a recap and some background information in how we got here…
I went through my Archives recently and found in mid-2010, in the very early days of this blog, I started reporting our projected annual dividend income (each month) in more detail with more transparency.
We’ve certainly come a long way…this chart proves it and the income derived from (part of) our portfolio is very real:
But things change…
13 years of saving and investing have passed.
TFSAs have been contributed to for tax-free investing since Day 1.
RRSPs have been contributed to for tax-deferred investing.
We’ve opened some taxable accounts to invest in (when TFSAs and RRSPs are out of contribution room, of course).
We’ve put in more pensionable time at work – mine is a small defined benefit pension plan. My wife’s pension is a defined contribution pension plan.
I’ve incorporated my business.
We were close to paying off a house, moved, paid down more debt, moved again (!) and now we’re about 12-months away from being mortgage free.
Life for us is not a straight-line and if I were to guess, your journey has not been linear either! 🙂
The point I’m trying to make is life has a way of opening your eyes to new things, new ideas and quite frankly – thinking and acting differently. You wouldn’t grow if that wasn’t the case.
As such, now that we’re approaching a long-term major dividend income milestone in a few key accounts, very, very soon, I believe it’s important to make some changes to these updates starting this month and going-forward as to be more clear about where we are going and why – to help my own plan but maybe to help you out too!
January 2023 Dividend Income Update Changes
What is changing?
Going-forward, I’m not going to report our projected non-registered and TFSA dividend income earned. That’s always been the chart above, or some form of it.
Before a reveal of changes, backing up, my main rationale for reporting monthly updates from these accounts in particular is I’ve always believed that earning $30,000 per year in dividend income inside our tax-free (thanks TFSA!) and tax-efficient (taxable) accounts would eventually cover many basic needs – without the complexity of calculating or reporting RRSP tax-deferred implications or sharing other income streams.
Fast-forward 13 years, that $30k target was pretty darn good years ago, even when I factored in unknown inflation…
Once all mortgage debt is gone in a few months, I figured even way-back-when if we got the big-3 in life right (food, housing and transportation) then we’d be close to financial independence.
Our semi-retirement spend is likely close to $4,000-$4,500 per month without any travel or major capital expenses.
You can see more in a chart on this page here.
In summary, we’ve always believed that earning close to $30,000 per year, from part of our portfolio, excluding RRSPs/RRIFs, ignoring workplace pensions, not including future government benefits like CPP and OAS should be “enough” to start part-time work.
Well, it is my hope to prove myself right!
To better reflect any potential semi-retirement plans I’m changing my monthly dividend income updates now and going-forward.
Yes, I’ll still post them.
Going-forward I’ll report our projected annual dividend income (each month via updates) but with these two major changes to occur with these rationales in mind:
1. I’m going to remove our TFSA income from any updates. That reporting from those accounts is over. This is because our semi-retirement drawdown plan has us (for now!) avoiding any early TFSA withdrawals.
You can read more details here:
N – Regarding non-registered accounts
- Work part-time in our 50s or beyond? In our 50s and 60s, “live off dividends” from non-registered, make slow capital withdrawals as required.
R – Regarding RRSPs/RRIFs
- In our 50s and 60s, slowly drawdown RRSPs as required. This will help smooth out taxes given other assets we hold and any part-time work plans. Therefore, there is the real potential for us to delay our CPP and/or OAS benefits until age 70.
T – Regarding TFSAs
- We don’t intend to touch our TFSA assets in any early retirement but rather, allow tax-free assets to compound away. Keeping our TFSAs until the end is also smart for estate planning.
So, by removing TFSA assets from my updates, it is my hope that I can continue to share the income that my/our porfolio generates WHILE demonstrating to you the reader the tax system I/we also need to navigate.
That brings me to reason #2:
2. I’m going to include our RRSP investment income vs. TFSAs with these updates moving forward. That reporting is new. If my/our plan is to “live off dividends” from taxable accounts and slowly drawdown the RRSP assets, well, it’s helpful for you the reader to know what I’m dealing with and why in pretty much real-time.
I won’t disclose all dividend or distribution or corporation income on this site for privacy and other reasons you can read here, but I do want to share my thinking, my journey and my expertise (or failtures!) so you can continue to learn too – even if you wish to debate my thinking as well.
I figure some level of disclosure is important to you, the reader for that, so I’m happy to oblige!
January 2023 Dividend Income Update Changes
What’s the punchline?
The summary of changes are:
- Projected annual dividend income (PADI) updates going-forward on this site will include all non-registered and RRSP dividend and distribution income – not any TFSA assets.
- Updates going-forward will include a mix of asset changes, purchases/sales, ideas related to reinvested dividends and distributions (or not) in these accounts, and why, including drawdown plans associated with these accounts (amongst other income streams).
So, with that new thinking and approach in mind…and more charts and other materials to update on my site over time, I can share this latest chart below.
This is the first chart iteration of many probably to highlight how part-time work / work on our own terms should be a perfect supplement to our existing *taxable income and *RRSP dividend income to draw from:
*Your mileage and approach to investing may vary.
To put this new 2023 dividend income stream and reporting into perspective, with more insights:
- Even with some low-cost ETFs inside our RRSPs, we’re averaging over $3,000 per month in income. (Mind you, some of that income will be taxable to navigate). Over time, I’ll provide a more accurate monthly income tally.
- Assuming we can max out contributions to our RRSPs later this year (the final year to do so???) then our dividend income will be higher with those purchases. I’ll adjust my 2023 and 2024 targets over time so stay tuned!
- We don’t intend to invest inside our taxable accounts until all TFSA and RRSP accounts are maxed out of contribution room – first – in that order. TFSAs are maxed for 2023 but I don’t share those updates any longer either! 🙂 I will keep you posted on the general timing of purchases across the portfolio however.
In closing this January 2023 Dividend Income Update, I hope you can appreciate these changes going forward as part of routine monthly updates, to share more of my investing journey but also most importantly how key income streams from certain investment accounts fit into a broader, ongoing, plan I need to monitor and successfully manage. That includes the tax implications. That also includes actually spending and enjoying some dividends we’ve worked so hard to earn and drawing down the portfolio capital as necesary.
I look forward to your comments, suggestions or changes of course!
Thanks for your readership. More to come!
I’ve been looking to add some REIT’s to my portfolio this year. The sector was beaten up a bit last year and this year seems to be making a little comeback. I like Dream (DIR-UN.TO) and SmartCentres (SRU-UN.TO) Are there any other ones anyone likes? I had Summit and with their purchase have some cash and want to put it back into a REIT. Thanks
I used to own Summit for a bit, Don, but I have since scaled back my REIT ownership and focused on just CAR.UN mainly over the last 10 years although I continue to own some legacy REI.UN, just <1% of portfolio, (although I should probably sell some RioCan since it hasn’t done well….alas….can’t pick them all!).
SRU.UN seems to be coming back, slowly, after a big hit during COVID.
I recall other readers like Dream (DIR.UN) for the yield and recent gains.
Thank you Mark. I like SRU since it is down a fair amount (buy low sell high) and the distributions are good. There is always risk however with interest rates and covid. I enjoy your dividend insights Cheers
Thanks, Don! I appreciate your readership.
I’ve recently bought Allied Properties (AP-UN) as it also got beat up last year. At its current price the dividend is a smoking 6.5% which I don’t think is at risk of a cut.
Hello Mark, Love the updates going forward. Keep up the inspiration and your great work.
Thanks very much. I look forward to your collection of dividend income updates from bloggers every month. Very inspirational to see how folks are simply saving and investing 🙂
Hi Mark: Not only did you get Masoli you also got Jaelon Acklin, Jackson Bennet, Lorenzo Mauldin and Darius Ciraco. Ciraco is now and Argo but the rest are still Red Blacks. Hamilton will have to rework their secondary as they let 3/5 of them to walk and they were all stars. One signed in Ottawa as the team picked up Cariel Brooks. Ricardo you are so right so maybe I should use the saying that my former neighbor’s daughters husband use to say. If you look after the nickels and dimes than the dollars will look after themselves. That of course was Eddie Shack and his wife Norma used to be my babysitter when mom and dad wanted to go out. She looked after the money. A little known fact is that in junior hockey Shack scored more goals than Bobby Hull and Frank Mahovlich and during his NHL career scored 17-23 goals per season. Now if you scored 20 goals per season you would be considered a very good player. Mark I still think that even in retirement you should still find room to add to your net worth and not look to draw down. My dad retired when he was 60 and kept on investing and when he died at 95 had over 900k. It is in our DNA to try and improve and get ahead and when you are ahead then get ahead more and not be satisfied. That’s just my dime! ha, ha!
“It is in our DNA to try and improve and get ahead and when you are ahead then get ahead more and not be satisfied.”
Good point 🙂
Hi Mark: The point I was trying to make was simple. If you saved all those years for retirement then why stop now. Part time work is great as you will still make money and you can ease into full time retirement as a lot of people find cutting off work difficult. I remember asking dad what will I do and he said I had enough to worry about just looking after my portfolio and he was right. My brother eased off work at 60 but didn’t quit until he was 65 and a friend worked until he was 65 but then went back and worked on contract but unfortunately passed away with a virus in the brain( not covid) at age 69. As stated most of my dividends are non registered and I have just added to them and the more dividends you have the more secure your future. The small pension I get and the CPP are not sufficient to live off of so I put them into a high interest savings account and live off the dividends I get. My nephews and nieces will not suffer when they are in their 60’s but I hope the practice of investing that they are doing now will continue so their kids reap the rewards. Investing isn’t a bad thing and becomes habit growing. It gives the person who is interested in it a hobby in retirement. Your Red Blacks won free agency last year by stealing Ti-cats players but this year we seem to have won free agency but we had to sweat it out as players were not signed to the last minute and star free agents were allowed to walk including 2/3 of the DB’s. I would have thought that the club would have signed some of their free agents wll before the time to decide came.
Ya, I’m sure I will continue to invest Ronald in my 50s but I suspect I won’t be making too much money to do so. That’s OK.
I will find it hard to stop working completely I suspect, so I won’t, I’m just saying I might not have enough part-time income to keep maxing out TFSAs and RRSPs and so I likely won’t 🙂
I have this blog and my other small business at Cashflows, that might be enough to keep me busy I don’t know 🙂 We’ll see when I get there! Ha.
Yes, we got Masoli but he was injured most of the year and that didn’t help. We’ll see how 2023 shakes down. I’m barely optimistic after last year!!
Hi Mark: You plan on your mortgage to be gone in 2024 so why not take the money saved from your mortgage payments and save it and then invest it in blue chip stocks. The dividends would compound and your wage from semi- retirement would add to your lifestyle. I personally think this is a falsehood that economists say, that you should save for retirement and then once reached stop saving and spend it. I say if it worked before then why would it not work in the future. Just my two cents for what its worth. When laid off I had $400000.00 and now I have mid to upper seven figures. All came from dividend compounding, splits and shrewd investing and a little bit of luck. I can’t live on my pension and the CPP and I don’t receive the OAS. I was younger than you when I was laid off as I was 43. A former GM for the Hamilton Tiger-Cats had a saying that better is better. In that sense more is better as no one wants to out live their money so play it safe and keep on investing.
Oh I might, Ronald, the thing is…I will be likely moving to part-time work in 2024 so the full-time money I was making, and using, to pay down the mortgage, won’t be there. My salary might be cut in half 🙂
See what I mean?
If I continue to work full-time, yes, the money not spent on a mortgage will absolutely go into investing but then again I might not need to do that….
I hope that makes sense?
This means: our part-time work + dividends = lifestyle in our 50s.
(I won’t need TFSA income, CPP, OAS, pensions, other for lifestyle at all in my 50s. I will take that in my 60s and 70s and beyond.)
Yes, better is better. (BTW – REDBLACKS fan here, be careful!)
When you move to part-time work if you were me? 🙂
You advice is worth more than 2cents now (no more pennies)
Inflation has gotten to it so maybe using “in for a nickel, in for a dime” LOL
Hi Mark: If you pull money out of a RRSP won’t you have to pay tax at 11%. This is why a lot of people don’t as they saved it and don’t want to give the government extra money. Paul, the 38% that is bumped up is a ratio and is the same no matter how much you have. the good part is you get .15098% as a dividend tax credit. Don’t sweat it if it pushes you into claw back range as any claw back will be a wash on your taxes. I know as I have never received the OAS but have declared it on my taxes. Most of my dividend stocks are non registered. Mark, today I found out the reason why the CRA wanted the review. My T5013 slips have many boxes on them and numbers in the boxes. I kept a copy and sent a copy to the CRA but I guess the bank also sends a copy and the copy from the bank had no numbers in the boxes so it is all fixed up now. I see that you are coming to the end of your mortgage. Will you have a burning ceremony and party to celebrate it. My brother gave my niece some good advice when asked if she should pay off the mortgage as so as possible. He told her to make the mortgage payments and invest the rest in quality stocks that at the time paid higher rates then what the mortgage was.
Generally speaking, tax rates for RRSP income are not high – but “it depends”!
I personally believe having an OAS clawback situtation is a great problem to have – I welcome it – it means I’m making good income $$ as a retiree 🙂
“Mark, today I found out the reason why the CRA wanted the review. My T5013 slips have many boxes on them and numbers in the boxes. I kept a copy and sent a copy to the CRA but I guess the bank also sends a copy and the copy from the bank had no numbers in the boxes so it is all fixed up now.”
Will you have a burning ceremony and party to celebrate it?
I might, at least around a campfire or something in the spring of 2024. That might be fun.
Once our mortgage is done, we are considering part-time work in fact. Less saving and investing for retirement since we’ll already have our base for that.
It is our hope we can earn enough in part-time work to avoid touching TFSAs at all, and we’ll be too young for CPP, for OAS and to even access our pensions. Thoughts?
Mark, This is a noob question… When you start withdrawing RRSP in your 50s, wouldnt you have to pay heavy tax on it and then on top of it, some withholding tax as well. What am I missing here?
If this has been already addressed in previous post, please direct me where I can find answers..
Nope. Great question!
When I do some RRSP withdrawals, to supplement any part-time work, yes, I will have some taxation depending upon the amount I withdraw.
There will also be some withholding tax but that gets reconciled come tax time.
The reason the RRSPs will be slowly wound down is to avoid too much taxation later in life when other income sources come online, including CPP and OAS. I’ve saved and worked to enjoy the money.
It makes so much sense why you want to pull money out of RRSP before touching TFSA, when u semi retire .. interesting!!
And I didn’t realize the withdrawn money is just treated as income and you’d have to pay money like regular income based on tax bracket and the withheld tax will reconciled
at tax time!! Thanks so much for taking the time to share this. ..
Most welcome, Kay.
Again, “not there” yet in terms of pulling any money out of RRSP before turing RRSP > RRIF but my intention is to “live off dividends” for a few years via withdrawing dividends and distributions inside RRSP each year to supplement any part-time income. Slowly wind down RRSP, pay my share of taxes deferred and smooth out taxation in the process. This way, I can hopefully keep TFSA assets intact and let those assets compound away, tax-free, if and when I want that money as I get older…
That’s the plan!
More reading on the RRSP vs. TFSA debate with withdrawals… 🙂
Thanks for reading!
You bet 🙂
Wow Mark! Good for you and your significant other! Was glancing over your budget numbers… and just wonder where do you live? I live in Alberta and our utilities ( gas /power) was 700$ this month alone for the month of Jan. Just curious
Looking forward to your new platform.
We live in Ottawa. Mind you, I bet our property taxes are MUGH higher than yours. We’re about $500 per month, or $6k per year, and that’s only for a 2-bed, 2-bath condo! Our condo utility bills are very low since the building is newer and very energy efficient.
So, it’s all relative…
I look forward to your comments again too!
I see Ottawa’s mill rate is near identical to ours in St. Albert, AB (1.145 vs 1.110 % property value, respectively). However, Ottawa’s is middle of the pack amoung Ontario municipalities whereas St. Albert’s is top of the pack amoung Alberta municipalities. Yikes, Windsor’s is 1.854%!!
Interesting…what’s your prediciton for the future?
No idea about Ottawa’s future mill rate, but I expect St. Alberts to continue, as it has the last 20 yrs, to be the most expensive in Alberta and go up by 1-2% a yr. St Albert is essentially a bedroom city on the edge of Edmonton with not much commercial tax revenue so residential taxes make up the vast majority of its tax base. Nevertheless, St. Albert is a nice place to live so no complaints…we knew what we were getting into when we moved here.
Good stuff, Paul. Thanks for your updates!
Mark, while on my daily walk today, I was thinking about this sentence from your post: “Therefore, there is the real potential for us to delay our CPP and/or OAS benefits until age 70.”
Typically, most analysis and decision making tools on when to start CPP and OAS consider the life expectancy of a Canadian, but my wife and I are a couple, so what is the possibility that we will both get to 85 or 90 years of age? As a male and female couple, the odds of me dying sooner are higher, AND, because I’m two years older, that puts me even closer to the end of the convey-belt of life, regardless of gender.
A quick search finds that the average age of widowhood in the U.S. is just 59. Ah, but that’s the U.S. Well, a BMO Nesbitt Burns document states: “the average age for widowhood in Canada is 56”.
From a webpage by AARP: “Among married Americans, 58 percent of women age 75 and older experience widowhood, compared to 28 percent of men. An astonishing one-third of women become widows before they’re 60, and half before they are 65. I was 56.”
I’m not sure what I will do with these numbers in our retirement planning, if anything at all, but they are for sure something to consider, especially as OAS ends at death, and up to 100% of CPP is lost if the other spouse is at maximum CPP already. For sure, planning should include the death of one person in the relationship.
Sadly, yes, retirement planning needs to consider death.
Yes, it is our hope to take CPP at 70, OAS at age 65, for both of us – but that’s just a plan as you know. Things change, plans need to change, so I’ve always considered the process of not just planning but re-planning critical.
At Cashflows, we model any ages any clients want – we don’t use cookie-cutter ages just for the sake of it (that makes no sense to us) although we have defaults because some folks genuinely believe they will live to be age 95 or 100. Very, very few do. Just the facts.
Personally, I plan for longevity but our plans also have contingencies and drawdown ideas to get income sooner if needed. I can’t do much really since I’m still in my 40s but our plan purposely has RRSP/RRIF money flowing out in our 50s and 60s to keep TFSAs “untouched” until 70s or so for the very reason that if one of us passes, and we need more assets in older age, they are there.
I welcome your thoughts!
Really good progress, Mark. You have more than enough resources to cover your plans.
Personally, I would like to use all dividends from all accounts first each year (before pensions at 65) . RSP/RIF withdraws will be all in the form of in kind transfer into TFSA (to fill up the dividend withdraw amount from previous year plus the contribution space of current year) and non-register accounts. How much to withdraw from RSP/RIF is based on the tax rate year by year, and how soon to draw them down considering the events of work pension, CPP and OAS kick in.
It is a great value to show the benefit of dividend growth strategy, esp. TFSA dividend growth is most relevant to most people as most adults started at the same time and having the same contribution numbers.
If possible, just show TFSA dividend numbers alone is suitable and beneficial.
Looking forward to your regular update of core expense, future RSP/RIF withdraw strategies, tax considerations of non-reg dividend, RIF withdraw amount and when to take DB, DC, CPP, OAS.
Re the dividends earned in the TFSAs, and what Bruce said. I invest the dividends earned in the TFSA back into equities, and then sell an equivalent value of equities in one of our RRIFs and pull the cash out, along with the dividends earned in the RRIF.
I think when it comes time for me, I’m simply going to withdraw the dividends earned from inside our RRSPs/RRIFs and spend that money for living expenses. I’ll probably need it 🙂
Any money not spent will be used to contribute to the TFSAs.
Over a few decades, the RRSP/RRIF assets will go to $0 and in doing so, I will be able to smooth out taxes.
Thanks very much, Bruce.
I hope so! Trying 🙂
I see RRSP/RRIF withdrawals in our 50s and 60s happening for sure. We should have some taxable dividend income and/or capital gains from the taxable accounts to be efficient with – as we work part-time.
There is really no intention at all in using the TFSAs / income from TFSAs until our 70s or 80s. Money should double in those accounts, every 7-8 years.
I did consider sharing the entire portfolio income delivered; what I own where, but you know, sadly, there are so many privacy and cybersecurity risks I just can’t bring myself to do that. For many dedicated readers, I do share quite a bit in the comments. I just don’t put it all in one post or place 🙂
I too, look forward to sharing how are portfolio income and expenses works out, or not! I simply have some ideas about what the future holds and not any perfect crystal ball. I do believe my “NRT” withdrawal plan, in general, is sound though but all readers will know what I change when!
Thanks for your detailed comment.
Thanks Mark. My 2 cents is just to share TFSA dividend number, don’t share account value or dividend amount from other accounts anymore. If you are comfortable with the privacy concerns, of course.
For RSP/RIF distribution, it could be lower, for example, 10k withdraw for one year due to PT/business income; one year could be higher, 60k, due to both of you are fully retired and not taking CPP/OAS/Pension etc. The bar chart may not be as insightful as the past dividend growth chart. And we all know, even today, you have enough NR – 38k/42k over basic expense of 35k after the mortgage is gone, as your new chart shown. 🙂
Thanks again for all your hard work and great contributions to DGI and general investment educations.
Fair comment, Bruce, I will consider that so thank you.
Yes, my thinking is even after some taxation, I/we should be close to covering “the basics” based on these income sources in the chart. The true reality is, our monthly expenses are likely closer to $4,500 or so per month without major travel or capital expenses. So, if I add in those expenses (we want to travel, we enjoy other things…) then I wouldn’t hestitate to say we need about $6k per month (after-taxes) to fund any meaningful semi-retirement lifestyle.
To solve the gap between income in these charts (non-regs + RRSPs) we’ll still need to work since I’m too young to accept any pension income and decades away from any CPP or OAS income coming online.
Then again, working on my own terms in my 50s and/or 60s is something I’ve been working towards for a LONG time now and it seems we’re getting close!
I also appreciate thoughtful comments like yours on the site!!
Makes sense to concentrate on N and R dividends as you will spend those first. Looks like those totals are higher than your N and T divs, so when you include your T divs, you are clearly doing very well! Good for you.
Have you stopped DRIPs in your N and R accounts yet? Im in year two of retirement and stopped dripping 2 years ago in order to spend divs. However I continue to drip in our TFSA accounts.
Thanks Chuck, things are coming along.
Yes, N + R withdrawals/living off dividends from each + part-time work makes lots of sense for us I believe in our 50s. I don’t think it makes much sense to withdraw TFSA assets in our 50s and 60s, my modelling says so and it’s usually the same for many clients we help on CAP.
Great question. 🙂
I have stopped my/our DRIPs in taxable some time ago, to avoid more time on Adjusted Cost Base than necessary with DRIPs activated and later this year, to confirm my RRSP cash withdrawal expectations, I’m going to stop our RRSP DRIPs very soon in both accounts.
I will and have always been running my DRIPs inside our TFSAs and will continue to do so for all the reasons you know about 🙂
I retired about 1 year ago and similar to yourselves, I am deriving the bulk of my investment sourced retirement income from dividend growth stocks in my wife and my unregistered and RRSP accounts so no DRIPs in there. DRIPs just in TFSA account which isn’t planned to be used until near the end, if at all.
The one issue I have come across in planning and structuring investments as above, is that the bulk of our portfolio is in unregistered accounts. Consequently, the 38% gross-up on eligible dividends which gets added to net income reported on line 23400 on which OAS payments are based on, may be enough to put us into OAS clawback territory. I realize this is a good problem to have and am thinking if this turns out to be the case (2022 will be first full tax year in retirement) it may be best to delay OAS payments until my late 60’s or 70. This would presumably raise the clawback range so less future OAS payments are subject to the 15% clawback.
Taking income in the form of capital gains instead of dividends from our unregistered account would avoid (or reduce) this problem. But then I would need to be more hand-ons managing the account and figuring from which stocks to sell for income. The simpler passive dividend approach is my preference, particularly into the future as I age.
Looking forward to see the new updates Mark!
Myself I have my RRSP+TFSA and rental income and my only concern when retirement comes is how to withdraw those funds from RRSP efficiently and to be honest lately I’ve been thinking of just doing the company’s match when it comes to RRSP and the rest maybe I should open a unregistered account and invest the money in it , as for my wife she have her TFSA RRSP and DB pension so I’m not sure how all this going to play out but like you always said it’s a good problem to have 🙂
Gus, you’re in a great financial place! With RRSP + TFSA + rental income, then pension income on top of that, you should have plenty of cash to manage and navigate. Like some other readers, a (very) good problem to have to complain about taxation generally speaking 🙂
Really good change Mark. Target and measure the stuff you’ll need and want to live from at semi retirement coming soon. TFSA’s = last resource. Many years away.
Great looking numbers. I envision a really nice retirement ahead!
Thanks very much. I’ve also learned a lot from others too! 🙂
All my best and see you on the Twitter machine!