A couple we’ll call Wayne, 61, and Lilly, 56, live in British Columbia. Wayne works for a large tech company. Lilly is a provincial civil servant. Each has a defined-benefit work pension. They bring home $9,500 per month, but need to figure out when they should retire. Their baseline date is a year from now when Wayne will be 62. Given their bulletproof pensions, that should be an easy decision, but they have plans for that retirement with costs that will challenge their future cash flow....
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