Widow running out of cash will have to sell money-losing farm to squeak by in retirement
At 60, Abby needs a job or her savings will be quickly eroded In southern Ontario, a woman we’ll call Abby, 60, has a small
Eliott is a regular contributor, in the National Post’s Family Finance column, providing financial advice to Canadians. Eliott specializes in retirement planning and understands that each retirement situation is unique and uses his expertise and a detailed process to create a personalized approach to retirement planning. Many factors are unique to each retirement, and his thorough financial planning process leads to long-term success, helping clients understand their options and achieve their dreams. The key is to plan for an efficient long-term retirement income from all sources and implement that plan in a way that is not going to be changed due to market conditions.
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At 60, Abby needs a job or her savings will be quickly eroded In southern Ontario, a woman we’ll call Abby, 60, has a small
Vivian has no cash in the bank, no TFSAs and no RRSPs and often dips into her $70,000 HELOC to pay expenses A woman we’ll
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
Ontario couple in their 50s are in a very real sense millionaires on paper living on what they see as fragile income In Ontario, a
Out of work, couple in early 60s are having to run down savings built over decades of work In Alberta, a couple we’ll call Barry,
Eliott Einarson is a regular contributor in the National Post’s Family Finance column, providing retirement advice to Canadians. This situation is about a single woman at the cusp of retirement and looking for solutions to meet her needs. She feels she won’t need her large house and wants to move into a smaller condo. By doing so she can eliminate her mortgage, reduce some expenses and free up some additional cash flow. Eliott works with her on building a retirement income plan that can last well into her 90’s.
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