The Victoria Day weekend marks the unofficial start of summer. Many of us look forward to taking some time off to spend with family and friends. If you are going on vacation this summer, be are to get your travel and insurance needs in order when you make plans for your getaway.
If you think about the things you cherish the most, what comes to mind? Next to your family, your pets and closest friends, your home is probably near the top of your list. When you think about your senior years, the idea of giving up your home and having to move into a retirement residence […]
If you’re feeling the strain of caring for aging parents and trying to raise a family of your own, you’re not alone. Being part of the “Sandwich Generation” is something that hundreds of thousands of other people are going through as well. Facing the challenges of offering financial and emotional support to your parents while […]
Modern families are finding it more difficult to afford to pay for daily living expenses, much less extras. They can no longer rely on company pension plans to fund retirement, and must make smart money choices when they are raising their families. Saving for their children’s education and retirement at the same time will likely […]
Source Most women embrace want to look forward to retirement as a complete lifestyle change. We may spend more of our time babysitting the grandkids or volunteering for organizations we care deeply about. For some of us, this is a time to take up a completely different type of employment or start our own […]
The federal election is still several months away, but Old Age Security (OAS) benefits are making news recently. The federal government had announced changes to the plan: Starting in 2023, the age for receiving this pension will increase from 65 to 67. Another change to the rules means that Canadians who opt to start receiving […]
Tax-Free Savings Accounts (TFSAs) are an easy way to save for your financial goals throughout your lifetime. It can be used to save for a down payment on your first home or to start a new business. Over time, your goals may change. Travel, retirement or other life events may become your priority. Regardless of […]
One of the things that we would find hardest to give up is our independence, and that may be why the idea of signing a power of attorney is so difficult for many people. There are times when having a signed power of attorney in place can benefit you and your loved ones, though.
Critical Illness Insurance Makes the Difference in Whether you Financially Survive a Serious Illness
You’ve been planning for retirement, and you’re thinking that 65 seems doable but 60 is even better.You’ve followed your financial advisor’s advice to be debt-free as soon as possible and then redirected those mortgage payments toward your retirement savings. With even moderate growth and with your pension income you will have the necessary cash flow […]
It’s a fact of life that more Canadians are caring for elderly parents or relatives, and many of them are also looking after their own children at the same time. According to a 2012 survey conducted by BMO, seven out of 10 caregivers are providing some type of financial assistance to their parents or relatives. […]