In the United States, senior citizens or the elderly refer to persons aged 65 and above. On the other hand, retirees refer to people who have left the workforce for good–whether voluntarily or by reaching the full retirement age...
According to an Ipsos survey, 80% of Canadians give up on their new year’s resolutions before the year is over, with the majority throwing in the towel before the end of February. Therefore, now may be a good time...
For seniors who have been paying for life insurance for a decade or more, their policies could now be reaching a point of high profitability thanks to their generated cash value. With the cost of living rising to the...
Unlike other countries, Canada has government regulations in place to protect the rights of homeowners who take reverse mortgages.
The bank will never own your home
The bank can only demand the principal and interest that has accumulated over...
Preparing financially for your retirement is a lifelong project. That should not make you feel intimidated, rather it should make you realize that you have some time to figure things out. But there are certain goals that you should...
While it may be uncomfortable, you are going to need a will for when you pass away or if you are ever incapacitated. This is especially true if you have children or possess many assets. One of the kindest...
Reverse mortgages are loans that allow homeowners to use their properties existing equity to get finance without the need to sell their home.
Reverse mortgages are just like any other type of loan, the key difference is how they are...
A common concern for many retirees is running out of money during retirement. Unfortunately, there is a reason to be concerned. Healthcare costs are high, people are living longer, and other issues are present. Also, the best financial planning...
Banks that offer Reverse Mortgage Products have 4 key safeguards in place to ensure that your client’s equity is kept safe and secure, busting many of the misconceptions surrounding reverse mortgages.
You always retain title and ownership of your...
A significant number of Canadians have had their investments impacted by the current market, which has ultimately decreased their savings and impacted their monthly cash flow.
Have your investments been impacted by recent events? Do you need a solution that...
