Can Jill, 60, afford to retire to Nova Scotia while keeping her suburban Toronto home?

Can Jill, 60, afford to retire to Nova Scotia while keeping her suburban Toronto home?

**FINANCIAL FACELIFT DO NOT IDENTIFY* Tijana Martin/ The Globe and MailTijana Martin/The Globe and Mail With her 60th birthday approaching, Jill wonders if she can “retire responsibly” soon or if she needs to work longer. Jill is single again, with three adult children, a salary of $81,000 a year, and a $1.2-million house in a … Read more

Are Barry and Beth saving enough to retire at 62, help their kids with down payments and take a big trip soon?

Are Barry and Beth saving enough to retire at 62, help their kids with down payments and take a big trip soon?

Barry and Beth.Tijana Martin/The Globe and Mail At age 52, Barry and Beth are enjoying their peak earning years, bringing in a combined salary of more than $450,000 a year. He works in education, she is a senior executive at an investment firm. They have two children in university. Beth and Barry have a $2-million … Read more

Jim and Shirley fear the market downturn will eat into their retirement savings. Should they buy an annuity to see them through?

Jim and Shirley fear the market downturn will eat into their retirement savings.  Should they buy an annuity to see them through?

Jim and ShirleyChris Donovan/The Globe and Mail “My wife and I are retired and nervous with this downturn that we will not have enough funds to see us through,” Jim writes in an e-mail. “We are looking to buy an annuity to improve our stability.” Jim is age 60, Shirley 61. They have three adult … Read more

When should Peggy and Howard sell their rental property – and their own family home?

When should Peggy and Howard sell their rental property – and their own family home?

Justin Tang/The Globe and Mail When they first had a Financial Facelift, Peggy and Howard were just starting out, “first home, first kid, first professional jobs,” Peggy writes in an email. A quarter century has passed since then. They’ve moved from the Prairies to an Ontario bedroom community. Howard is now 62, Peggy is 60. … Read more

Keith and Beverly retired early to travel in an RV, but what should they do with their condo?

Keith and Beverly retired early to travel in an RV, but what should they do with their condo?

Keith and BeverlyDARREN CALABRESE/The Globe and Mail The loss of a loved one recently lent a sense of urgency to Keith and Beverly’s future plans; suddenly, life looked precious and brief. So, they abruptly quit their work and hit the road in their RV, planning to spend as much time as they want traversing North … Read more

Leo and Linda should reboot their retirement spending plan to buy a bigger townhouse

Leo and Linda should reboot their retirement spending plan to buy a bigger townhouse

**FINANCIAL FACELIFT DO NOT IDENTIFY** rb-gi-facelift-07XXX Tijana Martin/ The Globe and MailTijana Martin/The Globe and Mail In their early 50s, with well-paying executive jobs, Leo and Linda want to sell their two-bedroom Toronto townhouse and buy a larger one, which would mean taking on substantial new mortgage debt. They have no children “and are in … Read more

Can Jeff and Vera afford to retire, travel and still help their children financially?

Can Jeff and Vera afford to retire, travel and still help their children financially?

Alex Filipe/The Globe and Mail Jeff is retiring from his $145,000-a-year executive job soon and his wife, Vera, who earns $93,000 a year in health care, plans to follow in December. They have defined benefit pension plans, indexed to inflation, that will pay them more than $100,000 a year combined. Jeff is 64, Vera 63. … Read more

Should Eileen sell her house to pay off the mortgage before retirement?

Should Eileen sell her house to pay off the mortgage before retirement?

What’s the best way for Eileen to give some money to her children? How should she invest for retirement?Tijana Martin/The Globe and Mail At age 57 and on her own again, Eileen is looking to a future quite different from what she might have imagined. She’s still living in the family home in a pricey … Read more

Should Milo and Maeve take out a reverse mortgage on their house?

Should Milo and Maeve take out a reverse mortgage on their house?

Ash Nayler/The Globe and Mail In their 60s with their house their main asset, Milo and Maeve are finding it tough to get by on government benefits alone. Maeve is age 66, Milo 69. They both earn a little extra working part-time. “There is about $410,000 in equity in our home, but we are low … Read more