Who keeps the lights on in an aging society?

Who keeps the lights on in an aging society?

Statistically, we know what population aging means.  There will be far fewer younger people for every older person in the population.  The large number of older people is not a surprise.  Even with increases in life expectancy it was still very clear fifty years ago that there would be a lot of retirees by 2030.  What was unclear was the […]

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Can you go the distance in retirement?

Can you go the distance in retirement?

In October 2006 I temporarily left my job at a financial institution in order to go on parental leave.   This was an exciting time in my life as I welcomed my youngest daughter into our family.  One of the projects I was working on right up to my last day at work was to prepare for the 40 year mortgage […]

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Retirement’s holy trinity of circumstances

Retirement’s holy trinity of circumstances

In their regular weekly tongue and cheek opinion piece in the New York Times, David Brooks and Gail Collins, write about what it means to grow old[1].  Their conversation starts out with a focus on planning for retirement beyond financial matters.  However, as they cover territory from golf through to retirement homes and death it is clear that finances make […]

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Your retirement as a mini-real-estate-mogul

Your retirement as a mini-real-estate-mogul

Retirement could be a good time to become an investment property owner.  It can provide an opportunity to improve a run-down property for those who enjoy this type of thing. Others may consider a rental property in a warmer climate.  Retirees are likely to have more time on their hands to prepare and monitor a rental property and often bring […]

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Downsizing – again and again and again

Downsizing - again and again and again

I do not know how to measure this but I am convinced that there are more second hand stores in Victoria, BC than in any other place in Canada.  These stores sell a wide range of clothing, kitchen wares, sporting goods, electronics and furniture.  Some reasons that create both a supply and demand for these stores include: Great options for […]

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Should age be used when calculating federal health payment transfers?

Should age be used when calculating federal health payment transfers?

Health care is the largest government expenditure in Canada.  The ageing of our population has created anxiety about the ability of our health care system to meet future needs.  Likely there will be many health care changes over the next few years.  One change underway is the Canada Health Transfer (CHT) (http://www.fin.gc.ca/fedprov/cht-eng.asp ).  This is the largest movement of money from the federal government.  A new […]

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Grow old along with me

Grow old along with me

Robert Browning was not referring to neighbourhoods or cities in his well-known poem, however, it seems that Canadians are growing old together, based on community census data.  At the federal level, policy changes such as pension entitlements and transfer payment calculations are intended to better position the country for population aging.  Communities will each have their challenges in meeting the […]

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Retiring, relocating and belonging

Retiring, relocating and belonging

Many people I know who are within 10 years of retirement are considering options for relocating when they retire.  It’s great to have options but making a decision can be tricky when there is so much to consider.  One piece of information that might help in making a relocation decision is whether the new place seems to suit our personality […]

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Vacation Decisions when Parents are in Frail Health

Vacation Decisions when Parents are in Frail Health

One of the challenges that many of us are facing is the decision to take a vacation if one of our parents is in failing health.  We are concerned to leave in case an emergency arises and our assistance is needed.  Even more challenging is the realization that a parent could pass away while we are on vacation. The progression […]

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Harsh Reality – Retired & Broke

Harsh Reality – Retired & Broke

In my research I have found one age group that is at much greater financial risk than others.  It’s the age 55 to 64 group – both male and female.  The risks for this group are almost always health related.  Most Canadians greatly underestimate health risks.  Individuals in this age group who have had to stop working due to health […]

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