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

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