B.C.’s property market has been good to this 61\u002Dyear\u002Dold
Uncertain retail job means this Ottawa woman must stretch her resources to the limit to squeak by in retirement
“Where to go from here is the question. She says she is looking at selling all of the rentals within five or six years when management becomes too much of a chore.”Article content continued In addition to potential rental income, CPP and OAS, Margie will have proceeds of her $16,000 Tax-Free Savings Account and $49,500 in a taxable account and $70,000 in her RRSP. She can add the TFSA and taxable accounts to her RRSP for a one-time tax saving of about 30 per cent and have $135,500 in her RRSP. In four years to retirement, that capital, growing at three per cent per year to $152,510.
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