This couple’s finances look good on the surface, but dig deeper and problems emerge…

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A couple we’ll call Hilda, 54, and Ernest, 58, live in Ontario. They have good jobs, his with a large company with a defined benefit pension, hers part time with a local government that provides no retirement benefits at all. Their children are in their mid-20s and have independent lives. Hilda and Ernest are financially secure now but unsure of the future. Their question — will they be able to retire comfortably?

“Will our current investments be enough to maintain our current standard of living,” Hilda asks.  “And just when should we retire?”

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