This Ontario woman should shed real estate and debt to meet her retirement income goal

A woman we’ll call Terri, 60, lives in Ontario. Her children are grown and gone, her career in data management is flourishing. Working for a large company, she has pre-tax annual income of $101,520 and take-home pay of $67,600 per year. A prudent investor, she has diverse assets in stocks and real estate, including her house and two rentals. Her problem is to figure out what her assets will pay in retirement income. Her goal is $60,000 after tax, which in Ontario would require $75,000 in pre-tax income. Her problem: can she sustain her income and way of life for what could be three decades? It’s a long-range planning problem, but there is a solution. Read More