In push to pay down mortgage, couple nearing retirement has let investments, savings languish

financial post

Near a small town in Ontario, a couple we’ll call Bonnie, 49, and Oscar, 55, are raising their six-year-old child. Bonnie runs a small marketing business and brings home $5,747 a month. Oscar, a retired civil servant, has take-home pension income of $4,240 a month. They add $800 a month rental income from an apartment in their home and will receive about $60 a month from the non-taxable Canada Child Benefit, for total monthly income of $10,847 after tax. Their two older children, ages 19 and 21, live on their own with some financial assistance from the parents.

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Benoit Poliquin

About Benoit Poliquin

President & Portfolio Manager

Benoit is responsible for the portfolio management and research efforts at Exponent. He is a member of the CFA institute and the CFA Society of Ottawa along with being a Certified Financial Planner in good standing.

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Exponent Investment Management