She’s single, 47 and debt-free. Can she afford to retire?

By: Deanne Gage | The Toronto Star | June 24, 2014

Read More, and see what Scott Plaskett says about his recommendations on what to do during retirement.

Kathleen is a 47-year-old single woman who works as a communications specialist for a professional association.  She has no children and hopes to retire in three years.

Kathleen is luckier than most because she is debt free and recently received a six-figure inheritance.  Her investable assets include $167,000 in RRSPs, $660,000 in investments and $24,000 in her Tax Free Savings Account.  Her paid-off home is worth $600,000.

In retirement she would like to have $40,000 a year in net income…