Tanya, an investor who is separating from her husband, should be able to buy a two-bedroom condo in Vancouver and have enough money into retirement — thanks to her teacher’s pension, which should provide her with enough cash flow
John and Susan should still meet their retirement goals comfortably — despite the arrival of a second child
Although $50,000 annual target could be met, advisors say, clients may have to take equity out of their home
Two advisors say David and Anne should be able to purchase a condo stateside, but they must be aware of U.S. tax laws
Modest goals, careful planning and tax-sheltered savings can help a single father who is essentially starting over at 50
Client is having trouble keeping within her income because she is used to spending freely now that her children are independent
Spending cuts of about 15%-17% will be required if John and Susan intend to have their financial assets last until they’re 95
Advisors’ recommendations include downsizing or selling the house, reducing debt and increasing RRSP contributions
Couple should be OK if husband continues to earn his current income until he’s 55, and expenditures are limited to that amount
Although David and Sally don’t plan to contribute to their children’s post-secondary education, one advisor says they can afford to