Posted AT 6:00 AM EST on 11/10/08
Near retirement, dealing with debt is priority
In Ontario, a woman we'll call Maureen is 66. A health care administrator, she is planning her retirement in 2010, hoping that her combination of financial assets, employment pensions, Old Age Security and Canada Pension Plan payments will enable her to have retirement income of $60,000 a year before tax in today's dollars. She plans to live in her condo, which she owns without mortgage debt.
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