Industry Articles

Early retirement comes at too high a cost for Ontario man with two decades to run on his mortgage

Family Finance asked Derek Moran, head of Smarter Financial Planning Ltd. in Kelowna, B.C., to work with Walter. “The good side of this story is that some of Walter’s income will continue even if he is not working. Income maintenance is supported by his employer and government financial programs. The downside is that he will go into retirement with two decades to run on his mortgage.”

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