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5 Stages of Long Term Care You Need to Know About

When you think about retirement, it’s only natural to focus on having the time to focus on things that give you pleasure after many years of hard work. If you are currently enjoying good health (and long may that continue), it can be difficult to picture the situation changing. In some cases, future health issues […]

Retiring in Debt? Here’s Five Things You Should Know

While ideally you would want to retire completely debt-free, a recent study conducted in by HomEquity Bank in February 2015 discovered that the majority of pre-retired Canadians surveyed (71 percent) reported being about $25,000.00 in debt. After retirement, their debt levels drop to about $20,000.00. Statistics Canada reports a different picture of Canadians retiring in […]

Planning to Remarry? Discuss your Finances First

Are you planning to remarry? Saying, “I do” for the second can be a complicated venture when you are merging households. The longer you and your Intended have lived, the more opportunities each of you have had to accumulate property and debt. Before you make it legal, a visit to your financial advisor is in […]

Thinking of Collecting your CPP Early? Why it Can Make Financial Sense

The decision about when to start collecting your CPP (Canada Pension Plan) benefits is really a personal choice based on your unique needs or wants and your longevity. That being said, you’ll have to take some time to assess your own personal circumstances beforehand to ensure the decision that you make is the right one […]

Going on Vacation this Summer? Update your Travel and Life Insurance First

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.

Elder Care Costs: How Much Will I Need to Pay to Stay in My Home?

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 […]

Stuck in the Middle of the Sandwich Generation? 5 Tips to Help you Cope

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 […]

Cost of Higher Education: How Grandparents Can Help Grandkids Pay for School

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 […]

Retirement Planning for Women: The Need to Take Things One Step Further

  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 […]

Should you Delay Old Age Security Benefits to Age 67?

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 […]