The era of children moving out at 19 years old and becoming fully financially independent is slowly disappearing. With soaring housing prices and easier access to credit, younger generations are becoming more and more indebted. These days, it is...
April is almost here and for most of us, it is synonymous with taxes. Completing tax forms correctly can be confusing and for older adults it can be almost impossible to do on their own. Many seniors can't afford...
Reaching retirement age doesn’t have to impact finances. Financial security is a real fear among many seniors, but it’s never too late to use your hard-earned money to invest.
Real estate is a good choice, because as described by Senior...
Elevating how we talk about money – hindsight from a Sandwich Generation Caregiver
My membership in “The Sandwich Generation” club became real for me during a 3 week period when we were told my Dad was terminal, my Mum was...
The average retirement age in America is 62. You might be amazed to find that people aren’t waiting until 65, but you really shouldn’t be. It really shouldn’t be a shock – people’s health starts to falter, and partial...
No matter your age, divorce can be very difficult on your personal well-being as well as your finances. Divorcing at a later stage in life can be even more challenging to your finances. Over the last few decades, with...
Richard, who is in his nineties, is healthy and enjoys his independence. He loves his home and wants to stay there as long as possible. Since he lives alone, Richard was concerned about what would happen in an emergency,...
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...
Our retirement is supposed to be a time when we can relax and enjoy the fruits of our lifetime labours. However, for many it is a time of financial worry and going without necessities. Many seniors are entering their...
A growing number of Canadian seniors are carrying debt into their retirement.
A new study by Statistics Canada revealed that just 58% of “senior-led” families were debt-free in 2016, a stark drop from the 72.6% that were debt-free in 1999....
