via The Globe & Mail | October 3, 2014
After more than a quarter of century in the military, Bart is growing weary of moving. His wife, Suzanne, has a good job with a pension, their home in small-town Ontario is paid for and their children are not eager to change schools.
So at 42, Bart is wondering whether he can retire in a couple of years and work at a job that would pay him much less than the $91,000 a year he is making now.
Suzanne, who is 45 and earns about $99,000 a year, would continue to work. If they had to move she would leave behind her job and her government pension.
Their near-term goals include helping their children, age six and eight, with their post-secondary education. As well, Suzanne and Bart will both need new vehicles soon.
But their big dream is to take one long, expensive holiday – lasting up to a year – with their children, “definitely before the children finish high school,” Suzanne writes in an e-mail. She’s not sure if she can get the time off work.
While they have some savings, their main source of retirement income will be their defined benefit pension plans. “Are we on track for meeting these goals?” Suzanne asks.
“Will we still be able to meet our goals if Bart retires? Are we crazy to think we could travel the world with our kids and still meet these goals?”