This Ontario woman will need to work into her 70s to escape financial vise

A woman we’ll call Nellie, 65, lives in Ontario. A health-care professional, she brings home $1,125 per month for 15 hours work each week and adds $608 from the Canada Pension Plan for total income of $1,733. She has $261,651 in financial assets and a $58,000 mortgage with 20 years to run on which she makes $263 monthly payments. Other expenses eat up her income and she is unable to save very much. Moreover, inflation is reducing her spending power over time. She urgently needs to raise her...