Tag: Semi-retirement
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Can Mark and Margaret Semi-Retire in Their 50s and Fund a $250,000 Inheritance for Each Child?
Setting the Scene: A Path to Semi-Retirement and Legacy Mark and Margaret, now in their mid-50s, dream of semi-retiring while ensuring their two children are well-supported. The couple arrived in Canada two decades ago with little more than a plan and a couple of suitcases. Today they are financially established and pondering a bold goal:…
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Can a Couple Semi-Retire in Their Mid-50s and Fund Early Inheritances for Their Kids?
Can you semi-retire in your mid-50s and give each child a substantial early inheritance? Short answer: potentially, but it hinges on careful planning, disciplined saving, smart investing, and a clear understanding of tax implications. For a couple like Mark and Margaret—who emigrated to Canada twenty years ago with modest means—the dream of semi-retirement and an…