Retiring Teacher With $2.5 Million Net Worth Has Plenty of Financial Firepower to Withstand Cost Squeeze

A woman we’ll call Helena, 62, lives in Ontario. Retired and single, she has worked as a substitute teacher for the past five years. The income it provides, about $52,000 per year on top of her $69,600 annual defined-benefit pension from a career as a teacher, is good for now. But she worries whether she will have enough income in retirement to survive a cost squeeze driven by rising condo fees, which could force her out of her home or perhaps shrivel her other spending. Read More