Downsizing in decimated Alberta housing market the key to securing this senior’s retirement

In Alberta, a woman we’ll call Sarah, 66, is a health-care administrator working in a private facility. She earns $5,500 per month from her job and adds $614 from Old Age Security and $1,058 from the Canada Pension Plan for total income of $7,172 per month before tax. After 20 per cent average-income tax and a $900 bite from the OAS clawback that starts at $79,054 per year, she takes home $5,200 per month. Read More

from Personal Finance – Financial Post https://business.financialpost.com/personal-finance/downsizing-in-decimated-alberta-housing-market-the-key-to-securing-this-seniors-retirement
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