A man we’ll call Chuck lives in Ontario. Now 50, he wants to retire at the age of 55. An engineer, he takes home $6,500 per
Their wealth is in their house, RRSPs and TFSAs Situation: Couple, 58 and 62, worry their resources may not carry them through retirement Solution: Downsize house, pay
They are light on financial assets, but a $100,000 cash inheritance, no debts and one good job pension gives them a great base to start
Herb has two years until he turns 60; he will either have to get another job or the couple will have to rein in costs
Couple think they’ve made a good choice by investing heavily in real estate, but they pay out more renting than they take in on two
The key to the discretionary spending she wants is three more years of work and boosting her investment returns Situation: Three years from retirement, woman needs
Home equity loan at 4% costs $9,000 a year for interest alone, with rates likely to rise. The loan could ultimately cost Hazel her home
