Got aging parents at home?
Home Retirement Financial

Financial

Money, numbers, bills, bills, cost of living, new expenses, debt, savings.
Financial questions for caregivers and seniors can be quite simple yet seem endless.
Do you know how much money is available to provide care, if needed? Do you know how much homecare services cost? Do you know how much long term care costs?
What about end of life expenses, we don’t even want to think about that but we should. Who will handle these? Is there money for these? If not, who will pay?
Then there are senior scams all over the place. Seems like some solid financial advice is needed!

Most of us could use a bit of financial help as we get older. For those who live on a fixed income, senior discounts can make the difference between being broke at the end of the month or having...
Even if you aren’t a caregiver for your elderly parents there may come a time when financial issues have to be discussed with them. Sometimes seniors aren’t able to handle their money as well when they age. Often this...
For seniors who are thinking of downsizing or relocating in retirement, the question always comes down to rent or buy. Some seniors may be selling their family home and others may have rented for years but still the question...
Recently we discovered an article published by The Globe and Mail, ‘Seniors taking out mortgages – is it ever a good idea?' By Diane Jermyn. The article follows a senior couple who are considering accessing funds locked up in...
Congratulations on finding love again and deciding to remarry. Seniors are remarrying in record numbers. Perhaps your divorce  occurred when you were in your 50s, 60s, or even later, or your marriage may have ended with the death of...
Many seniors have grown up with the idea of automatically purchasing life insurance. The main reason for having it was in case of the loss of a family member who was also the family breadwinner. Without any income the...
Sadly, a new report provided to the Financial Post from ratings agency Equifax Canada Inc. shows that the average debt for consumers aged 65 and over has been climbing by approximately 7% per year, the largest increase for any age...
Retirement is a phase of life that can be both exciting and intimidating. These years may include taking up new hobbies, traveling, spending time with family or even moving into a new and more comfortable home. In 2017, 38%...
Sadly, the most common reason to liquidate a home is the passing of a loved one. There are no words to describe the pain of loss, or the overwhelming stress caused by dealing with the final affairs. The responsibility...
Fraud is the number one crime against senior Canadians. Though people of all ages can be victims of fraud, seniors are targeted more often because they can be more trusting and may not have family or friends close by...