The Financial Post asked me to review the finances of a Vancouver couple whose money is already tied up in real estate, but want to purchase a new home.
What’s the better option when it comes to saving for retirement: real estate or the markets?
It’s a question Joe* and Alice are grappling with as they prepare to purchase their next home.
In this article you’ll learn:
- Why retiring at age 52 may not happen for this couple.
- How much combined income they need to maintain their current lifestyle in retirement.
- The approximate amount needed to comfortably retire.
- What early retirement options are realistic for them?
- Ed’s Rule of Thumb for Rental Properties.
- The two potential scenarios Ed recommends for the couple to retire comfortably, and their ideas may be bigger.
CLICK THE LINK BELOW TO READ THE ARTICLE BY MARY TERESA BITTI:
Planning With Ed
Ed Rempel has helped thousands of Canadians become financially secure. He is a fee-for-service financial planner, tax accountant, expert in many tax & investment strategies, and a popular and passionate blogger.
Ed has a unique understanding of how to be successful financially based on extensive real-life experience, having written nearly 1,000 comprehensive personal financial plans.
The “Planning with Ed” experience is about your life, not just money. Your Financial Plan is the GPS for your life.
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