My condo is mortgage free value C$220,000.00 and I have C$75,000.00 cash. I am 75yrs no debts, can I retire.?

3 Answers

  • 5 years ago

    I would think not. $75,000 is not going to go far. You could live to be 85 or 90. Further, you might need assisted living at some point. That would set you back $4,000 to $6,000 per month at this time. In 10 years, it will likely be a lot more. How is the $75,000 invested? Securely, I hope? Do you have a financial adviser who can help you figure it out?

  • Gert
    Lv 7
    5 years ago

    Only if you don't live too long.

  • kelvin
    Lv 7
    5 years ago

    if i was you i would but if it makes you happy just do volunteer work

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