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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 have a paid-off home, indexed pensions and an investment portfolio. So why are they falling short of their goals?

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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…

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