Retirement Planning for Homeowners in British Columbia
Planning tools for the money side of retirement, written with homeowners in mind — kept in the same Vault as your will.
What homeowners should know
- For most homeowners the house is the biggest asset and the mortgage the biggest debt — both belong in the plan.
- Record your home and mortgage once in your Estate Organizer; your net worth builds from those records.
- See the payoff order for your debts, and what each one is really costing.
- Plan monthly spending against what you actually spend.
- How an old will stops counting in British Columbia: To revoke a paper will, make a later valid will, make a valid written revocation declaration, or intentionally burn, tear, or destroy all or part of the will yourself or through someone acting in your presence and at your direction. Electronic wills have additional deletion rules. A revoked will is revived only by a will showing an intention to revive it, or by a court order under section 58. Source: Wills, Estates and Succession Act, SBC 2009, c 13, ss. 55, 55.1, 57, 58.
Frequently asked questions
Why does retirement planning matter for homeowners?
For most homeowners the house is the biggest asset and the mortgage the biggest debt — both belong in the plan.
How does an old will stop counting in British Columbia?
To revoke a paper will, make a later valid will, make a valid written revocation declaration, or intentionally burn, tear, or destroy all or part of the will yourself or through someone acting in your presence and at your direction. Electronic wills have additional deletion rules. A revoked will is revived only by a will showing an intention to revive it, or by a court order under section 58. Source: Wills, Estates and Succession Act, SBC 2009, c 13, ss. 55, 55.1, 57, 58.
Is this financial advice?
No. The tools do arithmetic on the figures you enter. They are estimates for your own planning, not financial advice.
What do the retirement planning tools cost?
It is included in your Vault. Your will is free.
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