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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A Sounding-Board for Retirement Planning

A Sounding-Board for Retirement Planning

Professional financial planning increasingly emphasizes the importance of including both spouses in planning conversations.  This helps ensure their individual expectations for retirement are on the same ‘wave length’.  Each has input on family as well as personal goals.  Sometimes the unexpected will arise in these planning conversations and the couple benefits from the availability of time to resolve differences since […]

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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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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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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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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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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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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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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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