With her 60th birthday approaching, Jill wonders if she can “retire responsibly” soon or if she needs to work longer.
Jill is single again, with three adult children, a salary of $81,000 a year, and a $1.2-million house in a Toronto bedroom community. She earns another $4,800 a year teaching yoga.
“My dream is to live in Nova Scotia, where I can purchase a home for $400,000 easily, but would worry about not being able to afford to come back if I needed or wanted to,” Jill writes in an e-mail. Ideally, she could keep the family home as well. It has a mortgage outstanding of about $225,000.