Major pension file – A good retirement without necessarily being a millionaire

Major pension file – A good retirement without necessarily being a millionaire

Good planning enabled a couple to retire before age 65 and secure a reasonable lifestyle. Here’s how they pulled it off.

Aged 59 and 62 respectively, Suzanne and André retired this year. And yet, they are far from being millionaires and have no pension fund! It was foresight and planning that got them there.

Their financial planner, Hadi Ajab, says the couple are debt-free, which is a big plus when they retire. They have contributed to an RRSP and a TFSA, and Suzanne has a locked-in retirement account (LIRA) from a former employer. Between them, they have no more than […]

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