Q: I have been put in the situation of looking after the financial affairs of an elderly couple both are 79 and their health is not the best at most they have 5 years left. Should he pass first her income will be $35,000, presently it is about $70,000 (these amounts include CPP, OAS, RIF, and other pensions). They will have $350K cash after the sale of their condo, plus another $200K with cash and RIF's. I feel if I were to follow your model portfolio if would meet their needs and would strike a good balance. If you have any suggestions I am always willing to listen.
Thank you
Thank you