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Can Duncan and Lorna afford to retire early and leave their kids with a big nest egg

Can Duncan and Lorna afford to retire early and leave their kids with a big nest egg

Duncan is 53 and Lorna is 43.Eduardo Lima/The Globe and Mail After 20 years in technology sales, Duncan was made redundant and turned to consulting. He estimates he can charge around $125,000 a year on average. His self-employed wife Lorna earns over $100,000 a year. Duncan is 53, Lorna is 43. They have two children, …

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Should Irene melt down her RRSP to try to prevent some of her SV from being clawed back?

Should Irene melt down her RRSP to try to prevent some of her SV from being clawed back?

Shannon VanRaes/The Globe and Mail Within a year or two of her husband’s death, Irene took a crash course in financial planning, hired and fired a series of investment advisers, sold her stocks and then reinvested, and devised a strategy to keep as much his old age security. benefits as possible. “I now manage my …

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Will Ed and Lisa be able to retire next year with an income at least equal to what they have now?

Will Ed and Lisa be able to retire next year with an income at least equal to what they have now?

November 8, 2022. Amber Bracken for The Globe and MailAmber Bracken/The Globe and Mail Ed and Lisa would like to retire next year with an income “at least equal to or greater than what they have now,” Ed wrote in an email. He is 62, she is 63. Ed earns $95,550 a year working for …

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