Archive for 2011

COUPLE CAN HAVE IT ALL, BUT NOT ALL AT ONCE

March 18th, 2011

The Globe and Mail – Financial Facelift by Dianne Maley

web_ib“As engineers earning a combined $262,000 a year, Hailey and Jeff are well ahead of the game. He is 38 she is 32.  Two and a half years ago, they bought a house in downtown Toronto and aim to have the mortgage paid off by the end of its five-year term. Neither has a company pension plan, so they are depending on their RRSPs, which they calculate have earned about 4 per cent a year on average over the past few years. They would like to do better. Their aspirations are the same as many people their age: to pay off their home and have a child or two over the next few years.  Longer term, they want to save for the children’s education and retire by the time Jeff is 55. Their aspirations are the same as many people their age: to pay off their home and have a child or two over the next few years. Longer term, they want to save for the children’s education. We asked Ian Black, a fee-only financial planner and portfolio manager at Macdonald Shymko & Co. Ltd. in Vancouver, to look at Hailey and Jeff’s situation.”  Click here to read the rest of this article 

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