Married couple Tom,* 61, and Judy, 63, are at an inflection point. Judy retired just over a year ago and loves it. Tom plans to retire in two years. He’s happy to retire sooner, if possible, so long as they can achieve their target after-tax annual retirement income of $120,000 indexed to inflation.
Tom and Judy have built an investment portfolio valued at approximately $1.16 million, largely in registered retirement savings plans ($620,000) and Judy’s locked-in retirement account ($460,000). These accounts are 75 per cent invested in equities. They also have approximately $...
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