Seniors

Part 2 of 3 – Were the actions of the advisor or the firm ageist?

Part 2 of 3 – Were the actions of the advisor or the firm ageist?

The Vancouver Sun published a letter from on April 24, 2013 that has caught my eye – http://www.vancouversun.com/life/take+tarnish+golden+years/8286714/story.html Ms. Zimmerman’s letter and concerns were motivated by a conversation with her financial advisor initiated at the request of his supervisor.  The conversation was about a suggestion for Ms. Zimmerman to appoint a power of attorney (POA) for property, given her age […]

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Part 1 of 3 – Were the advisor’s actions unsuitable?

Part 1 of 3 – Were the advisor’s actions unsuitable?

The Vancouver Sun published a letter from on April 24, 2013 that has caught my eye – Let’s take tarnish off golden years, by Lillian Zimmerman.  http://www.vancouversun.com/life/take+tarnish+golden+years/8286714/story.html Ms. Zimmerman’s letter and concerns were motivated by a conversation with her financial advisor initiated at the request of his supervisor.  The conversation was about a suggestion for Ms. Zimmerman to appoint a […]

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Ontario’s Proposed Ontario Drug Benefit Change – Budget 2013

Ontario’s Proposed Ontario Drug Benefit Change – Budget 2013

Last week’s Ontario budget announcements included a new health care deductible amount for seniors with high incomes.  This affects single seniors with incomes over $100,000 or couples with a combined income of more than $160,000.  Details are here:  http://www.cbc.ca/news/health/story/2012/03/27/toronto-ontario-budget-health.html .  The estimate annual increase in cost for prescription drugs for high income seniors is estimated at $665. On the surface […]

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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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From Home Owner to Renter

From Home Owner to Renter

In the past year I have gone from home owner to renter. This occurred as part of a 4,000 kilometre move. I loved the home I owned in Ontario. With the basement it was about 2,700 square feet. The apartment in BC is about 1,000 square feet, plus storage locker.  This move has given me more perspective on the changes […]

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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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Gifting – Question #4 – Manipulation

Gifting - Question #4 - Manipulation

The issue of elder abuse is increasing in awareness.  Yet I continue to see family dynamics that leave me concerned that manipulation is taking place.  Money can be used as bargaining power in relationships.  This may sound negative but it isn’t necessarily so.  Bargaining happens all the time – you help me with something and I feel drawn to return […]

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Caring for the aging is not the same as caring for an infant

Caring for the aging is not the same as caring for an infant

The beautifully written piece in the The New York Times by Carol Mithers http://newoldage.blogs.nytimes.com/2013/03/22/suddenly-theyre-all-gone/ - “Suddenly, they’re all gone” makes a comparison that I’m uncomfortable with.  I’ve heard this said many times before and I do not agree with it.  The statement in the article is: “Caring for the old is just like parenting an infant…” Ms. Mithers does address the […]

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Happiness, Life Satisfaction and Aging

Happiness, Life Satisfaction and Aging

Will we be happier with age? Most of us would want to be happy in our older years and in fact, throughout our lives.  Published research from the Centre for the Study of Living Standards (http://www.csls.ca/notes/Note2012-3.pdf) looked at data from 2003 and 2011.  Canadians are a pretty happy bunch with 9 out of 10 reporting a fairly high level of […]

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