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...
Lease or buy a vehicle? Which is better for seniors? The debate for either one seems good at the onset. Buying a vehicle allows you more freedom and you can drive as many miles as you like. Then you...
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...
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...
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...
It can be uncomfortable talking about personal details of your life, but it’s extremely important, especially for seniors. As they age and slowly near the end of their life, seniors should talk to their families and keep them informed,...
What is senior financial health? We always talk to physical, emotional and mental health but what about financial? The number of seniors in North America is increasing yearly. Do these seniors feel well financially?Surprisingly, seniors, which include those 50 and over...
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%...
When it comes to Estate Planning, it is crucial that you consider the issues that may arise after you have moved on.On top of all of our responsibilities, it may be difficult to set aside enough time to ensure...
Trends in aging are changing. Many of us are heading toward retirement on our own, most by choice. Though some are retiring alone due to other circumstances, all retirees are looking forward and wondering what their future will bring....
