Couple dreams of travelling the world in their 50s, but first there’s that $514,000 mortgage

Situation: Couple in 30s with mortgage and modest savings wants to retire in 50s, travel abroad Solution: Pay down mortgage aggressively and use extra cash to build savings in RRSPs and TFSAs An Ontario couple we’ll call Charlie, 39, and his wife, Robin, 33, have solid careers, his as a health-care professional, hers as a manager in a financial institution. Together they bring home $9,700 a month. Recently, they have put down roots in a $645,000 condo. They have an urge to travel, no children, and a wish to retire in 17 years when Robin is 50. “What steps do we have to take to make retirement happen as early… Read More

Continue Reading

Pittsburgh ranks among the top in global livability study

Pittsburgh may no longer be among the very top of The Economist’s most livable cities list, but it’s still one of the highest ranking in the U.S. in the latest list released this week. Pittsburgh ranked No. 41 on the Global Livability Ranking. It was one of only six American cities to be on the list, according to MarketWatch. The most livable cities on this year’s listing are Melbourne, Australia, followed by Vienna; Vancouver; Toronto; and Calgary, Alberta. The rankings included measures of stability,… …read more Source:: Pittsburgh Business News

Continue Reading

Black Box shares continue to drop

Pittsburgh-based tech company Black Box Corp. hit a new 52-week low Thursday, less than a week after falling more than 40 percent after disappointing earnings. Black Box (Nasdaq: BBOX) closed Thursday at $3.35 a share, down 10.6 percent — or 40 cents — on the Nasdaq stock exchange. It’s been a rough week for Black Box, which fell more than 40 percent last Friday. That followed reporting a quarterly loss of $9.7 million, or 65 cents per share, compared to a loss of $500,000, or 3 cents per… …read more Source:: Pittsburgh Business News

Continue Reading