Plan to retire at 54 requires part-time work

Plan to retire at 54 requires part-time work

At the age of 44, a woman we’ll call Nancy is on her own. Divorced, she has three children in their teens and a good job managing a products distribution unit of a multinational manufacturer.

She brings home $7,500 a month and adds what her ex-husband contributes for children’s expenses. Her plan: quit the corporate rat race in a decade and move to partial retirement with a bit of consulting work from time to time. But though she has substantial financial assets, she also has a $236,000 mortgage and three future university tuition bills to pay.   Read More

         By Andrew Allentuck, Financial Post
        http://www.thestarphoenix.com

Part Time Work

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