A Survivor’s Tough Choices

The Globe and Mail – Financial Facelift by Dianne Maley

web_gmm“When his spouse, Gary, died last year, Zeke was left with two mortgaged houses and some big decisions.  He is living in his weekend home on B.C.’s Sunshine Coast but would like to move back to Vancouver. Should he sell the coast home, or can he keep both properties, Zeke wonders. He is uncomfortable with his $535,000 debt load and is striving to pay it off as soon as possible, making extra payments to his mortgages. Then there is the question of the survivor’s municipal pension from Gary’s employer. We asked Gina Macdonald, a fee-only financial planner at Macdonald Shymko & Co. Ltd. in Vancouver, to look at Zeke’s situation.”   Click here to read the rest of the article

 

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