Divorce Adds New Twist To RRSP Planning
Darren Gingras is president of the Common Sense Divorce, a new private company hoping to guide Canadians through a marital breakup. “When you are in a retired position you don’t have time to recoup assets as you would do when you are 30 40,” he said. “You are setting yourself up for financial ruin if not done properly.”
Author Gail Vaz-Oxlade, who has been twice divorced and is now separated, said you have to treat a marriage breakdown as business decision. “You can’t let your emotions run away from you,” says Ms. Vaz-Oxlade, who is a minority partner in Mr. Gingras’s company. “You do that and you get steered in the wrong direction.”