CLIENT SIT­U­A­TION

The Globe and Mail (Prairie Edition) - - GLOBE INVESTOR -

The per­son: Linda, 80

The prob­lem: How to main­tain her life­style with­out eat­ing into the es­tate she hopes to leave to her chil­dren and grand­chil­dren.

The plan: Get a bet­ter han­dle on her in­vest­ments and be mind­ful of how much she can af­ford to spend with­out draw­ing on her sav­ings.

The pay­off: Not hav­ing to worry any more.

Monthly net in­come: $9,365

As­sets: RRIF $398,500; TFSA $59,795; non-reg­is­tered $150,555; res­i­dence $1,250,000; es­ti­mated present value of de­fined ben­e­fit pen­sion plans $75,000. To­tal: $1,933,850

Monthly out­lays: Condo fees $1,300; prop­erty tax $650; home and car in­sur­ance $260; hy­dro $130; car lease $450; other trans­porta­tion $285; gro­ceries $500; cloth­ing, dry clean­ing $500; line of credit $725; gifts $200; char­ity $270; va­ca­tion, travel $500; per­sonal care $300; din­ing, en­ter­tain­ment $500; sub­scrip­tions $100; other per­sonal $250; doc­tors, den­tists $100; fi­nal pay­ment to life in­sur­ance $585; tele­phone, TV, In­ter­net $260; TFSA $460. To­tal: $8,325

Li­a­bil­i­ties: Line of credit

$56,000

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