Retired – need money – here’s an idea

Retired – need money – here’s an idea

Another day, another study about shortfalls in our retirement savings!  The reality is: Retirement nest eggs will need to last longer than ever before:  Life expectancies in Canada continue to increase.   A female aged 65 can expect to live on average another 21 years while a 65 year old male will live another 18 years (Statistics Canada); Greater out-of-pocket expenses may […]

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By |September 6th, 2013|Retirement|Comments Off

Trivializing Death

Trivializing Death

A while back I read the results of a 2010 poll by the Allianz Life Insurance Co. of North America and one of their questions really ‘stuck in my craw’.  The question asked of 3,257 Americans aged 44 to 75 was:             “Which do you fear the most:             outliving your money in retirement or death?” Let’s face it – […]

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By |September 3rd, 2013|Health|Comments Off

Life-long learning for all budgets

Life-long learning for all budgets

September, the new school year, is a perfect time to give the gift of learning.  Remaining flexible and current in our thinking is vital for healthy aging.  Not only is it likely to delay the effects of cognitive change but it also gives us another way to participate in life.  Especially in colder climates, where the risks of isolation are […]

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By |September 2nd, 2013|Health|Comments Off

A reluctance to accept help – a sense of inadequacy

A reluctance to accept help – a sense of inadequacy

The Colorado search and rescue service stopped charging for their services because they found it was a deterrent to usage.  When reimbursement was required, people were reluctant to ask for assistance, sometimes waiting until the situation was dire.  Even then, when the search and rescue team arrived at the scene, some people refused help due to the fee.  These situations […]

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By |August 26th, 2013|Health|Comments Off

Violating the rules-evicted from your home

Violating the rules-evicted from your home

Nearly 15% of Canadians age 65 and older live with a cognitive impairment.  The risks of being diagnosed with dementia increase substantially with age, doubling every five years for those over age 65[1].  Families often try to keep their loved one at home for as long as possible, sometimes dealing with substantial caregiving demands.  One aspect of dementia not well […]

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By |August 25th, 2013|Health|Comments Off

Does your business need to be age-friendly?

Does your business need to be age-friendly?

In 2007 the World Health Organization produced a document on age-friendly cities .  The intention is to help communities create an environment that is both accessible and inclusive of the age 60+ population.  Increasingly this term – age-friendly communities – has been used to build momentum and understanding for the types of transportation, housing, recreation and care that is needed […]

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By |August 21st, 2013|Seniors|Comments Off

Can you loan me $20?

Can you loan me $20?

There seems to be an increasing number of stories about people borrowing money from older adults.  Although the information is only anecdotal there are several similarities in the stories.  The lender is generally over the age of 70.  The borrower is typically employed and although younger, not without substantial life experience.  There are multiple instances of borrowing, with repayments taking […]

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By |August 18th, 2013|Abuse & Manipulation|Comments Off

No Money for Retirement – No Baby for Me

No Money for Retirement – No Baby for Me

Most of my generation who grew up in North American can at least hum the Brady Bunch theme song if not sing along, correctly recalling most of the words[1].  Large families were a familiar experience in the 60s and 70s.  Even if we were not part of a large family we knew many who were.  To suggest that the size […]

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By |August 15th, 2013|Retirement|Comments Off

Aging populations & real estate investing

Aging populations & real estate investing

The upcoming real estate investment summit in Edmonton(1) caught my eye as an even that is likely to be well-attended by a highly engaged audience.  Big name speakers are on the agenda reflecting the broad appeal that real estate investing holds for Canadians.  Edmonton is an ideal location for this topic being the capital of the affluent province of Alberta.  […]

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By |August 13th, 2013|Real Estate|Comments Off

The financial realities of pensioners’ longer lives

The financial realities of pensioners’ longer lives

The good news is that pensioners are living longer.  The bad news is that this comes at a price and someone has to pay.  You need to determine if a rethinking your financial situation is needed based on life expectancy revisions. Background The Canadian Institute of Actuaries (CIA) recently modified their pensioner mortality tables to reflect the longer lives of […]

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By |August 8th, 2013|Pensions|Comments Off