Upgrading Our House: Part One

A few weeks ago I met with our mortgage specialist at TD Canada Trust to discuss the process of upgrading our house. With a growing family, one of our goals is to move out of our 2 bedroom 1 bathroom house and build a larger house closer to where I work.

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Retirement Income

I recently came across a savings calculator that determines how much you need to save to provide an income after retirement. I was quite horrified to discover that I need to put away approximately $3600 per month in order to have a lump sum large enough to provide me with an annual retirement income of $40,000.

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The Best Laid Plans

The question of staying home with the kids was quite open to debate. I happily stayed home taking care of my babies and getting to know the neighbours in our new housing development with distant thoughts of getting a part-time job when the kids started school. Unfortunately two events occurred that changed all my plans:

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