Poverty risks for those aged 65 and older

Poverty risks for those aged 65 and older

Sometimes hearing the simplest comment or having a glimpse of a small act strikes a deep chord within us.  This happened to me the other day.  After tossing a drooping bouquet of flowers into the compost box at the central garbage area of the building I live in I headed out to run some errands.  On my return about an […]

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By |November 27th, 2013|Seniors|16 Comments

Preparing the next generation for retirement

Preparing the next generation for retirement

There has been a huge growth of financial literacy initiatives in the past decade, some aimed at children and youth.  Most recently, Stefania Moretti’s MoneySense article “Parents and teens want financial education in the classroom” highlighted this growth with statistics from a variety of sources throughout Canada.  Considering the heightened level of concern regarding the baby boomer generation’s ability to […]

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By |November 21st, 2013|Retirement|0 Comments

Pre-retirement & Investment Fraud

Pre-retirement & Investment Fraud

An unintended consequence of so many financial experts discussing shortfalls in retirement savings may be increases in investment fraud.  Headlines continually warn that “most people have not saved enough for retirement’.  Recommended solutions include remaining in the paid workforce longer, spending less, and paying more attention to investment strategies.  The pre-retiree is increasingly worried about whether they will be able […]

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By |November 14th, 2013|Retirement|0 Comments

Upcoming Changes to BC Estates Laws

Upcoming Changes to BC Estates Laws

Infographic outlining the changes to gifting during the lifetime of the will-maker.  What is especially interesting about these changes is the potential for a recipient of a gift to “double-dip” when the estate is distributed, unless the will-maker clarifies the intention of the gift within the will.

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117,316

117,316

The Memory Project website captures audio stories of Canadian veterans from the two world wars, the Korean War and from Peacekeepers.  It’s amazing to hear the voices of veterans describing specific incidences of war that are forever ingrained in their memories.  It’s unimaginable to have to live with such memories for a lifetime. According to the website, one of the purposes […]

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By |November 10th, 2013|Seniors|0 Comments

The one-minute retirement prep

The one-minute retirement prep

I haven’t had a salary increase in a decade!  This is a common reflection from those in the middle-aged group who are beginning to picture their life in retirement.  They remain in their jobs often because they enjoy the work or they have established a satisfying level of life and work balance.  Modest salary increases, often simply a cost-of-living amount, […]

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By |November 8th, 2013|Retirement|0 Comments

Gambling away your retirement nest egg

Gambling away your retirement nest egg

Although still a small issue, it appears that a growing number of older adults are risking their retirement nest eggs due to gambling behaviours that are uncharacteristic and problematic.  The research in this field is sparse but it is known that older adults (age 65+) are at greater risk of becoming addicted to gambling than is the general adult population […]

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By |October 31st, 2013|Health|0 Comments

Financial planning does not resonate with women

Financial planning does not resonate with women

Attracting women clients is an on-going challenge for the financial industry.  Women do far less formal financial planning than men.  Even though women are increasingly in control of more wealth and are likely to be living without a partner for at least part of their adult life, their role as financial heads of households has not translated into increased involvement […]

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Charitable Giving & Buyer Beware

Charitable Giving & Buyer Beware

Does it make sense for consumers to view non-profit organizations differently from for-profits when making a decision to ‘purchase’?  Some have suggested that “buyer-beware” does not apply to the non-profit sector.  In a recent conversation with several individuals working in the non-profit charitable sector, one noted that when dealing with charities consumers don’t need to have the same concerns as […]

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Red flags in charitable donations

Red flags in charitable donations

Professionals involved in financial transactions with older adults, including those working in the charitable sector, have a responsibility to be aware of their client’s capacity to make a financial decision.  This can pose difficulties since each individual situation is unique, however, there are some red flags that will suggest more information is required prior to completing a transaction.   A change […]

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