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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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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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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Our aging homeless population

Our aging homeless population

Life expectancy gains are typically associated with higher socio-economic levels.  Generally, those from poorer backgrounds experience increased levels of morbidity and mortality in comparison with the general population.  More recently even those from lower socio-economic levels, including the homeless[1], are experiencing increases in life expectancy. An interim report from the City of Toronto[2] identifies a dramatic increase in older homeless […]

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What’s the magic number for retirement?

What's the magic number for retirement?

It is not often that the news makes us smile.  However, a recent news article about an elderly married couple in California who died one day apart is a heart-warming story.  Helen and Les Brown were born on the same day in December 1918 and were married for 75 years.  They died one day apart:   http://www.nbclosangeles.com/news/local/Long-Beach-Husband-and-Wife-Married-75-Years-Die-a-Day-Apart-217163251.html Certainly the Brown’s story is a rare one.  […]

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Ageism, hollow advice, and lost opportunities

Ageism, hollow advice, and lost opportunities

I have worked with the notion that articles in the personal finance section of the Globe and Mail newspaper were intended to provide readers with ideas for improving their financial management techniques.  A recent article had a rather ironic title – “Popular advice that might be best to ignore”.  Ignoring the article is probably the best solution I can offer […]

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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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Annuities for those whose life isn’t a spreadsheet

Annuities for those whose life isn’t a spreadsheet

There are a lot of people who do not enjoy managing their own money.  A recent interview with Sallie Krawcheck (business owner, named to Forbes list of world’s most powerful women, former financial industry leader) was pretty blunt about the fact that she “hates” financial planning http://www.cnbc.com/id/100893492 .   I cannot count the number of times I have had people tell […]

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A Top Priority – Preserving Financial Autonomy

A Top Priority - Preserving Financial Autonomy

Each of us wants to control decision-making about our lives or at least have the ability to transfer a decision to someone else of our own choosing.  When it comes to financial matters, autonomy is an important contributor to well-being and life satisfaction.  Regardless of where one lives (e.g. in a private home or in an institutional setting), their health […]

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Options for Aging-in-Place – Co-housing

Options for Aging-in-Place – Co-housing

Two questions I am hearing a lot these days, especially from boomer-aged women are:  “Where am I going to live?” and “Who is going to look after me?”.  A new housing trend, at least in North America, called co-housing, may provide the answer.  Originally from Europe, this housing approach supports healthy aging, provides community and quality of life.  It’s not surprising […]

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