Everything changed when Kevin’s wife died. He now wants to retire next year, at 54, but can he afford to?

2 weeks ago 4

Rommie Analytics

Rempel said Kevin could optimize his tax rate if he withdraws less from his registered retirement savings fund.

Kevin* has reprioritized his life choices since his wife died recently. “We spent a lot of time delaying everything we wanted to do. All of those plans have disappeared.”

He is now ready to make new plans. Specifically, he would like to retire next year, when he turns 54, to spend as much time as he can with his two children, who are both in university. “I haven’t decided what retirement will look like. I’ve never stopped working. I may decide to take a part-time position, but I don’t want to have to work full time anymore.”

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