Money Management

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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Who are the retired rich and the retired poor?

Who are the retired rich and the retired poor?

How should we determine who is eligible for government programs?  If we misjudge eligibility we risk placing the vulnerable at even greater risk.  The problem is that judging eligibility is challenging – especially in older, retired populations who are diverse and have a variety of income sources and expenses.  The thoughts below might make you rethink who are the rich […]

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The global financial crisis and the lasting psychological effects

The global financial crisis and the lasting psychological effects

The 2013 Canadian Unretirement Index Report from Sun Life Canada (www.sunlife.ca/unretirementindex) provides, in my opinion, a fascinating perspective on the psychological health of Canadians aged 30 to 65, at least as it relates to money.  The survey has been in place for five years, starting in 2007, and spanning the global financial crisis (GFC) of 2008-2009.  There is a very […]

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Preparing Financial Plans using Canadian Consumer Spending – Health Care

Preparing Financial Plans using Canadian Consumer Spending – Health Care

Health care is an expenditure that is difficult to control at a personal level.  This means that health care expenditures can be a key threat to wealth depletion.  Information collected by Statistics Canada can be  helpful when preparing financial plans.   Although it’s impossible to know how the health care insurance system may experience future changes, this information is helpful in assessing […]

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Top 3 Things Your Should Know About Aging and Government Entitlements

Top 3 Things Your Should Know About Aging and Government Entitlements

I have to admit that when I need to phone either a provincial or federal government office, I generally procrastinate.  I anticipate the worst customer service experience.  I think I’ll get the run around or be left on hold forever.  However, the reality is that almost all of my experiences have been very positive and none have been out-right terrible. […]

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Autonomy, Money Management & Ageism

Autonomy, Money Management & Ageism

Managing money is an important activity in order to maintain our sense of autonomy and well-being.  Management of finances by family, friends or professionals may be necessary due to declines in capability but may also be a choice, even in the presence of full capacity.  Independence can be threatened if any attempts are made to assist the asset owner with financial […]

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Caregiving – How are your parents doing?

Caregiving - How are your parents doing?

It’s striking to hear how often a conversation begins these days with “How are you parents doing?”.   We used to ask about one another’s children.  Now we ask about aging parents.  Many of us are in the midst of caregiving for our parents. The Range of Caregiving is Very Broad Caregiving is a label that can mean many things when helping […]

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