Throughout this course we have been using the six-step Financial Planning Model to prepare plans for clients that meet their varying financial needs. This assignment will give you the opportunity to use your financial advising knowledge and skills to prepare a retirement plan for fictional clients.

Students will work in pairs/trios to prepare a retirement plan for a set of fictional clients. They will use the information provided in the case information provided by the instruWill and Liza are both 58 and want to retire from their well-paying jobs. Liza works in education and Will at a government agency.

• Liza would like to retire at 60 and Will hopes to quit his job in 2028 when he turns 63. They are both open to working part-time until they begin collecting their government benefits at age 65, although they would prefer not to. They would like to travel to Europe in the fall and to a hot climate in the winter.
• They want to stay in their Saskatchewan home as long as they can then leave it to their two children, now in their late 20s.

Question: Can they retire early and spend $80,000 a year after tax?

Goals: Will wants to retire in 5 years when he turns 63.

Liza wants to retire in 2 years when she turns 60.

ctor.