Blog Archives

Retirement Myths and Realities

Silent Partners: Majority of Canadian boomers have not discussed retirement with their spouses or partners, RBC poll finds Genders have vastly different ideas about how to spend their post-career years TORONTO, July 16, 2014 -  More than two-thirds (68 per cent)

Posted in Caring for Mom & Dad, Financial, General Information, Legal Stuff, Psyche

What’s Done is Done?

We are asked so often by older homeowners about the matter of adding their adult kids to the title of their property, and we advise that there can be many pitfalls. Pior to taking an action such as this, it

Posted in Caring for Mom & Dad, Financial, Legal Stuff, Psyche

44% of Boomers Express Concern About Outliving Their Retirement Savings: Scotiabank Retirement Study

How prepared are YOU? TORONTO, ON–(Marketwired – June 24, 2014) – Boomers expect to be more active and healthier than their parents in retirement Gerontology expert says financial health a key to successful aging According to a new Scotiabank study,

Posted in Caring for Mom & Dad, Financial, General Information, News, Psyche

Financial literacy leaders target seniors in first undertaking

It’s been a long time coming. Five years ago, during the midst of the financial crisis, the federal government introduced a new Task Force on Financial Literacy which recommended “urgent action on a national strategy to strengthen financial literacy.” This

Posted in Financial, General Information, Legal Stuff, News, Psyche

Are We There Yet? Waiting for an Inheritance

Do you wonder why many seniors are reluctant to discuss estate planning with their children? There is the obvious awkwardness of talking about death but also the potential for financial vulnerability. A recent Ipsos Reid survey, commissioned by HomEquity Bank,

Posted in Caring for Mom & Dad, Financial, General Information, Legal Stuff, Psyche

Two-thirds of Canadians waiting on inheritance to fund retirement

What is striking to this writer is the comment that 94% of those expecting an inheritance are willing to give up half of it to fund their parent’s retirement. That leaves me shaking my head – should they not be

Posted in Caring for Mom & Dad, Financial, General Information, Legal Stuff, News

Seniors vulnerable to scam artists

While a recent RCMP study determined that it is the 55 to 65 year old population that falls prey to these scams most often, our seniors are indeed very vulnerable. We have to wonder if seniors are more likely to

Posted in Caring for Mom & Dad, Financial, General Information, Legal Stuff, News, Psyche

Seniors Shared Housing Brings Emotional and Economical Gain

While this article is from a 2011 issue of Zoomer magazine, the co-housing initiative is alive and well in Ontario. In fact, there was a feature article on it in the May 2014 issue of Zoomer (page 88). The Society

Posted in Caring for Mom & Dad, Financial, General Information, Legal Stuff, News

ASA & Transition Squad on Rogers TV

Posted in Activities, Caring for Mom & Dad, Financial, General Information, News

What expenses qualify for the Healthy Homes Renovation Tax Credit?

Not all renovation work qualifies for this tax credit. Before you start any improvements, check to see that the work qualifies so you can claim the expense. Some examples of eligible expenses include: Certain renovations to permit a first-floor occupancy

Posted in Caring for Mom & Dad, Financial, General Information, Legal Stuff, News, Your Health