Assante Capital Management

Assante Capital Management: Now they wonder if they could afford to retire as early as three years from now, when they will be 55 and 56. Of course they could retire, but they would likely not have as much income to enjoy and share with others as they would like, at least not for as long as they might live, according to The Star. Sebastians salary from a Canadian company has been boosted to $246,700 a year by an overseas living allowance and by the income from renting out the family home in Ontario. Yet expenses are higher, leaving less to save than one might expect. The cost to retire will also be higher than they had hoped and Sebastian and Camilas household income will rise this year to $250,000. They have finished paying for an $800,000 home in Ontario and saved more than $640,000. Certified Financial Planner Ivar Grimba of Assante Capital Management in Mississauga warns they should consider the risk that future investment returns will be more modest and that their cost of living could rise faster than government pensions and the resale value of their home. (www.immigrantscanada.com). As reported in the news.