“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. 

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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.

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