Wednesday, February 2, 2011

Should near-retirees re-mortgage their home to play the stock market? Globe and Mail's Cash Clash

Bernie and Linda, 53, Calgary

Wanting to retire in a couple of years, these empty nesters have had a long-time goal: to ride off into the sunset with $1-million saved. They’re not quite there yet, and he’d like to top up their funds by re-mortgaging their house and investing the money in stocks. She thinks going back into debt is just plain loco. Who’s got the most horse sense?

Read the full article and my advice here:

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