In Ottawa, a pair we'll call Luis, 53, and his wife, Freddi, 52, have anchor their lives in their careers in administration and organization, which pay them $148,200 per year before tax, and their love of journey, which they have address by buying condos in the United States and Latin America. They will quit work soon, but they have not strong-minded when. Their long-term goal is to enrich their lives rather than their bank balance. "Our lives are about experience rather than stuff for ourselves and our kids," Freddi says. "We want safety, of course, but we also want choice."
It is not easy to set a dollar value on experience and choices in order to evaluate them with resources and cash flow. Even though their financial and real estate investment assets, without their present house and RESPs for their children in university, amount to $512,000, only $192,000 of it is underneath their immediate control. The residue and the maximum part of their assets are in familial and foreign real estate and pension plans administered by others. They have neither retirement date object nor even a firm idea of where they want to live.
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