What could get in the way of Canadians expecting six-figure inheritances? Plus: If this 58-year-old retires now, how long will the money last?

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What could get in the way of Canadians expecting six-figure inheritances? Plus: If this 58-year-old retires now, how long will the money last?
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Content from The Globe’s weekly Retirement newsletter

What could get in the way of Canadians expecting six-figure inheritances? Plus: If this 58-year-old retires now, how long will the money last?Quoted like scripture in the financial industry is a report from years ago that projected a $1-trillion transfer of wealth between 2016 and 2026.

Mark Walhout, certified financial planner and investment fund representative at Walhout Financial and Investia Financial Services Inc., tends to notice income tax surprises occurring with first-year retirees and employees in specific situations.At just 58, Alexandra is ready, psychologically, to end her career in the public service and retire from her $102,000-a-year job. She’s hoping she might be ready financially, as well.

Personal finance columnist Rob Carrick recently got back from a quick trip to New Orleans, where he test drove three solutions to a problem you may not know you have while travelling. Carrick has written about these cards before – among the issuers are EQ Bank, Wealthsimple and Wise. In NOLA, he tried all three with great results.“I suppose the birthday cards lining my mantel say it all, a reflection of North America’s mixed messages about aging in a youth- and beauty-conscious society,” writes Susan Beiderwieden in this First Person article. This year’s collection of greetings, she says, run the gamut of ideas around what it means to grow old.

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