Martha would like to retire next year.
However, if she does that, she fears
she might run out of money one day.
Estimating income for her long life
ahead is a challenge.

Options for a widow to retire and keep the farm in the family

The farm continues, Mom’s retirement is secure and assets provided for non-farming kids

Martha, as we’ll call her, is a 51-year-old widow. She owns 3,100 acres in southeastern Manitoba. Her daughter, who we’ll call Alice, is 30. Alice wants to continue the family farm, although her siblings, a brother and a sister, want to continue with their town jobs. Planning this generational transfer is complex. Martha’s personally held […] Read more