Retirement

The gift of time

The gift of time

Which do you hear most at this time of year – “Merry Christmas”, “Happy Holidays”, “Happy New Year” or “I can’t believe how quickly another year has passed”?  Time does seem to pass more quickly as we age.  With the boomers reaching their retirement years an increasing number of us will be retiring soon.  Most of us will move into […]

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By |December 20th, 2013|Retirement|Comments Off

Retirement Savings Inertia

Retirement Savings Inertia

When faced with a substantial challenge we sometimes don’t even bother to try.  Even if it would be beneficial to complete only part of the goal, the total goal is so overwhelming that we do not even feel compelled to begin.  We are frozen into inaction.  For some, the retirement savings goal is so far out of reach it is […]

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

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|Comments Off

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|Comments Off

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|Comments Off

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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By |October 25th, 2013|Money Management, Retirement, Risk|Comments Off

Snowbirding on Vancouver Island

Snowbirding on Vancouver Island

Vancouver Island’s milder winter climate offers a snow birding option for those who may dislike the heat in the southern climates or who are concerned about health care coverage.  People living in the southern part of the island during the winter months enjoy a lot more time outside since temperatures are manageable and snow is rare.  When it does snow […]

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By |October 2nd, 2013|Retirement|Comments Off

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

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

Retired, no car, no problem!

Retired, no car, no problem!

Population aging is already changing our lifestyles.  In the U.S. driving is down 8.9% from its peak in 2004.  As noted by the University of Michigan Transportation Institute[1], this drop in mileage began before the recession and therefore cannot be attributed only to financial pressures.  Older people drive less for many reasons including their retirement from the daily commute, their […]

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By |July 30th, 2013|Retirement|Comments Off