Desmond and Molly are sitting pretty. He is 61, she is 56. Both are retired with government pensions large enough to assure they will live comfortably for the rest of their lives.
The Globe and Mail, by Dianne Malley
December 2010
They have substantial savings, in addition to a fair amount of debt – money they have borrowed to invest. The way Desmond sees things, their pensions constitute the fixed-income portion of their capital so their savings are fully invested in stocks and equity-type mutual funds, earning superior returns.
Full text: A retooled strategy needed for retirement
