ADMS 3541 Lecture Notes - Lecture 4: Pension, Old Age Security, Financial Planner

• School: York University
• Department: Administrative Studies
• Course: ADMS 3541
• Professor: Alan Go

Document Summary

Shelley and stan have been married less than a year and already they"re thinking about retiring, mainly because of the 13-year difference in their ages. I had always planned to retire at 60 or later, shelley writes in an e-mail. She has a good executive-level job, earning more than ,000 a year including a bonus. She also has a defined-contribution pension plan at work. However, with an older spouse, i want to be able to travel while he is still able, shelley writes. Although she would like to retire earlier if possible, i don"t want to run out of money, she writes. Stan works in education, bringing in ,000 a year. They each own their own houses, his with a mortgage, hers without. Stan is a generous father, renting his house to his son at cost to help him get a start in the tough toronto market.