“We had our kids late—will we ever be able to retire?”

Dec 12 22:12 2019 Print This Article

Natasha Hall was 40 years old when she became a parent. The broadcaster and radio host, who had been in a long-term, committed relationship, figured it was now or never. “I always knew I wanted to be a mom but I couldn’t quite get my act together to settle down properly, and my guy was kind of in the same boat,” she reflects. “[But] after five years together, we realized there was never going to be a perfect time and that we’d better get cracking before it was too late.”

Today, they’re enjoying life in Montreal with their seven-year-old daughter, but worries about their financial future are never far away. “We’re scared that we won’t ever be able to retire comfortably,” Hall says. “Because we had our daughter late, we expect to still be supporting her as we get close to when we would ideally be retiring.” Assuming that she completes a four-year honours degree, Natasha will be in her 60s before there’s any prospect of her daughter becoming financially independent. 

Read More

About Article Author

Money Sense

MoneySense is a Canadian personal finance and lifestyle magazine published by Rogers Publishing Limited, a division of Rogers Communications.Written for Canadians who want to take financial control of their lives, MoneySense is Canada's best-selling investment and lifestyle magazine, helping readers make smart, informed decisions about how to get the most from their money. The magazine has received many awards, including multiple National Magazine Awards and CFA Society Toronto Awards.

Related Items

Unveiling the 2020 Couch Potato Model Portfolios

As long-time readers will know, I review my model portfolios once a year and, if necessary, make minor changes when better or cheaper funds have been launched. I made no updates for 2018 or 2019, except to add the new Vanguard and iShares asset allocation ETFs as a fourth option last year. For 2020 ...

CPPIB's CEO Sounds Alarm on Illiquid Assets

Paula Sambo of Bloomberg News reports that CPPIB's Mark Machin warns on global rush into illiquid assets:The biggest global funds should all be monitoring their investments in illiquid assets, according to the head of Canada’s largest pension fund.“I do ring the alarm bell on not to be too inve ...

Tax Hacks. Top 6 Tips to Get the Most out of Tax Season

Are you leaving money on the table when it comes time to file your taxes? Lots of people do. They leave that ratty pile of receipts in the drawer (where they left them last year, too). And they don’t take full advantage of the deductions to which they are entitled.Let’s get your taxes done righ ...

Q4 GDP Forecasts: 1.2% to 2.2%

The preliminary estimate of Q4 GDP will be released on Thursday, January 30th. The consensus is that annualized real GDP increased 2.2% in Q4.From Merrill Lynch We expect GDP growth in 4Q to hold steady at 2.0% qoq saar. [Jan 24 estimate]emphasis added From the NY Fed Nowcasting ReportThe New York F ...

Pond Technologies to Satisfy Cross Pond Ventures LLC Debt with Issuance of Pond Shares

MARKHAM, ON, Jan. 24, 2020 /CNW/ – Pond Technologies Holdings Inc. (“Pond”) (TSX.V: POND) (OTC: IOGIF) announced today that its strategic project development partner, Cross Pond Ventures LLC, (“Cross Pond”), has agreed to have certain amounts owing under its Master Project Development Agr ...

Moving Beyond Compliance as a Privacy Policy Motivator

Over the next 18 months, Canadian businesses can expect to see changes in Canada’s privacy laws. In particular, the Office of the Privacy Commissioner of Canada will likely be granted more enforcement powers. The government sees compliance enforcement as incentive to business to build trust in the ...

The Seemingly Unstoppable US Stock Market?

Jeff Cox of CNBC reports the stock market just set another record, this one going back to 1972:The seemingly unstoppable U.S. stock market continues to set new records, with the latest standard a trend that hasn’t been beaten since 1972.One gauge closely watched by traders is where the market is ...

I’m out.

In the course of healing the nation this week, a certain pathetic blog made some recommendations about our house lust. For example, there would be less of it, and far more attractive, affordable, long-term rental units, if we stopped giving people a 100% tax break on real estate profits. This is t ...

Tech Talk for Thursday January 23rd 2020

  StockTwits released yesterday @EquityClock Capital One $COF, an S&P 100 stock moved above $105.70 to an all-time high extending an intermediate uptrend. Strength followed higher than consensus fourth quarter earnings. ‘Tis the season to own Capital One $COF between now and May! Cerner $CERN, ...

January 23, 2020

There is a superb opinion piece in the Globe by Joseph Groia, titled Hey OSC: Can you spare $100-million?: Do most Ontarians know that there is more than $100-million of public money sitting in a bank account at the Ontario Securities Commission (OSC) just waiting to be spent on health care, educat ...

Washington Bill Looks to Ban Marijuana Concentrates

There is no doubt about it, lawmakers are always trying to find new ways to spoil the fun we’re all supposed to be having out here in the big, bad world. And Washington state is certainly no exception. Some of the suits in Olympia are now so convinced that high-powered marijuana is contributing t ...