Notwithstanding the various retirement income planning guides and models referenced in the previous article in this series - their applicability will vary according to the personal circumstances of each retiree or retiring couple. As reported in Rob Carrick's Globe & Mail article of FEB 5th, … [Read more...]
Retirement #2: How much retirement income should be targeted?
The Stanford Research Institute advises planning to replace 75% of one's economic human life value in the event of death, disability or retirement. What does this actually mean? Consider your ability to earn an income akin to a money machine located in your basement. Just as you would insure such … [Read more...]
Transition into First Stage of Retirement Planning: Independence
As we journey through the joys and challenges of Family, Career and Community we seldom take the time from 30,000' to think about the penultimate destination - retirement. The happy news is that 78% of Canadians over age 65 feel good about their overall health and expect to live to age 86. The … [Read more...]