Providing care for an aging loved one or a person with disabilities is challenging but also rewarding. Caregivers have the chance to ensure their loved one's quality of life is the best it can be by assisting with activities 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...
Many seniors are at odds with others over the question of money. Should they spend what they have saved over the years or should they pass it on as an inheritance? At one time it was more common to...
In 2015 approximately 160,000 people between the ages of 55 and 64 were laid off from their jobs. Permanently. At this stage in their lives, many older workers are trying to pay off mortgages, lines of credit and credit...
There is a lot of information available on how to build a retirement plan. Most of it is aimed at younger people. We’re told how we could retire with millions if we start to put such and such an...
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....
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...
Pre-planning your own or your loved one’s funeral arrangements is something that is sometimes difficult to think about. But it is something that simply should be done.
No one wants to think about their own or their loved ones’ death...
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...
Seniors, especially those who are isolated, tend to become victims of fraud or financial abuse. Telemarketing scams are common. Financial abuse from friends, relatives and others who are in a position of trust can also occur. Quite often the...
