Shaye
Shaye, 62, is an educator with an annual income of $95,170, who is contemplating retirement as the funding for her position is set to end next year. With a registered retirement savings plan of $350,000 and a tax-free savings account valued at $227,000, she is evaluating her financial readiness for retirement while considering her defined benefit pension of about $48,000 a year. Living in Ontario with her common-law spouse, Shaye also owns a rental property worth $450,000, which she plans to sell for additional retirement funding. As she navigates her future, she seeks financial advice to determine the best course of action, whether to retire or seek new employment.
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