Mary Lou is a 65-year-old widow who lives with her adult daughter. More is not better in this case.”Thompson recommends Mary Lou reallocate assets in her portfolio. In Mary Lou’s case, her required 3.5 per cent return will generate approximately $39,600 in annual income, Thompson calculates. Finally, Mary Lou should spend some time on estate planning issues, as she will have considerable assets to pass on to heirs. The Portfolio Management Association of Canada is another organization representing professional money managers, and is a good place to research portfolio management firms.

Source: thestar January 29, 2017 05:02 UTC