We’re often told to do everything we can to retire debt-free - that hanging onto a mortgage or car loan in retirement is a recipe for disaster. But like most blanket financial advice, context matters. And for many Canadians heading into retirement, especially those with defined benefit pensions and guaranteed government income, carrying a modest amount of strategic debt can actually make a lot of sense. Let’s reframe the discussion and explore why being pension-rich but savings-poor might...| Boomer & Echo
Essayer de rembourser toutes ses dettes avant la retraite n'est pas toujours une bonne stratégie. Voici pourquoi.| L’actualité
Prospective clients come to me when they're on the cusp of retirement and looking for answers to key questions like when can I retire, how much can I spend, how long will money money last, and, ultimately, am I going to be okay? I gather information about their current situation (income, account balances, asset allocation, expected income from a pension and/or government benefits, property value, debts, etc.), and ask them to list their financial goals and burning questions. Then I plug those...| Boomer & Echo