Max and Peg have a paid-off home, indexed pensions and an investment portfolio. So why are they falling short of their goals?
Max and Peg’s retirement spending goal is $120,000 a year after tax, which is more than they are spending now.Galit Rodan/The Globe and Mail
Emergency heart surgery in his mid-50s has led Max and his wife, Peg, to rethink how much longer they want to keep working.
“The unexpected event was indeed the proverbial wake-up call,” Max writes in an e-mail. “It has given us the opportunity to explore a series of deep, existential questions, which in turn has ignited a desire for us to retire as soon as possible.”
He’ll be leaving behind a $238,000-a-year executive position and Peg a $142,000-a-year job in communications. Max is 56 years old, Peg is 58. They have no children.
Max and Peg share ownership of a…
