Client situation The people: Tess, 70, and Lee, 71 The Problem or Questions: Are their investments arranged in the most tax-efficient way? Should they continue contributing to TFSAs even though they must take the funds, or the securities, from their non-registered account, triggering a capital gain? Should they continue paying for long-term care insurance? Monthly net income: $16,040 or as needed. Assets: Bank accounts $31,850; her non-registered portfolio $952,600; her TFSA $97,430; his TFSA $93,835; her RRIF $385,655; his RRIF $706,415. Total: $2.27-million Monthly outlays: Rent $4,100; home insurance $75; electricity $80; housekeeping $200; home decorating $250; transportation $525; groceries $800; clothing $200; gifts, charity $350; vacation, travel $2,000; other discretionary $3,000 (furnishing, vehicle maintenance, major appliances); dining, drinks, entertainment $850; personal care $300; yoga $250; subscriptions $35; adult education $1,000; dentists, physio, chiropractor $900; drugstore $150; health insurance $310; long-term care insurance $325; phones, TV, internet $340. Total: $16,040 Liabilities: None