This Alberta couple has all their kids’ education money in cannabis stocks. What could possibly go wrong?


Currently this family's RESP is almost entirely invested in marijuana stocks.National Post illustration

Situation: Three kids, three rental properties, and a lot of pot stocks in portfolios

Solution: Sell rentals, build RRSPs, TFSAs, diversify, cut taxable income

In Alberta, a couple we’ll call Emily, 40, and Robbie, 37, are raising three children on a combined monthly after-tax income of $11,447. Their futures are tied to three rental properties in their town and to their portfolios of Canadian and U.S. stocks, many of which are not for the faint of heart. They would like to retire when Robbie is 50 and Emily is 53, then live half the year in a warm place far from Canada’s winters. Their target is $4,000 per month after tax in 2019 dollars.

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Family Finance asked Owen Winkelmolen, a fee-for-service financial planner who heads in London, Ontario, to work with Emily, a part time health care professional, and Robbie, who manages computer networks.


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