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