Category: Finances and Law
How To Save Money When Your Elderly Parents Move In
Jul 06, 2011Living in an extended family situation is a reality for many people with aging parents that require care, comfort and companionship. This situation can cause tension and create problems between husband and wife, especially when it comes to their finances. It can also be hard to communicate your feelings about money when it’s your spouse’s parents moving in. Here are some things to keep in mind. These tips will protect you financially and make money matters more clear in the future.
The Cost Of Retiring
Aug 08, 2011You know you need to save for your retirement, but how much money will you need to live comfortably after you retire? Here are five tips from Chartered Accountant Anne Chun, President of Anne Chun Professional Corporation in Toronto.
Are You Currently Planning Your Kids’ Retirement?
Aug 10, 2011Over the last few years, we have seen the market crash and burn, and Social Security is on its way toward doing the same. So, if we’re scrambling to salvage our retirement income, imagine what it will be like for your kids. If you haven’t done that already, one expert has some good news for you. Are You Currently Planning Your Kids’ Retirement?
Comfort Life News Round-Up: "Till Mid-Life Do Us Part"
Aug 05, 2011While the overall divorce rate on a steady the decline with the Generation-X er's, the divorce rate amongst young seniors and the newly retired is steadily climbing! There has been a lot of speculation and discussion as to the reasons why the "I do" ends with "I don't".
Money Management Workshop For Women 55+
Aug 25, 2011Are you a woman 55 or older with a low income? Are you single or a newcomer to Canada? Would you like to be in better control of your finances? Then come to a two-day workshop on money management this September!
What You Need to Know about Long-Term Care (LTC) Insurance
Aug 15, 2011What is long-term care insurance, and why is it important? Statistics tell us that: - 75% of those over 65 will need a caregiver or facility services - 40% of people who are under 65 are either on or will be using long-term care benefits for periods of time due to accidents or illness. When we are younger, we think we are invincible.
New Options Under The CPP Rules
Aug 29, 2011New rules that are being phased in between now and 2016 for the Canada Pension Plan (CPP) will give people greater flexibility to choose when they want to begin receiving CPP benefits and on how long they can contribute to CPP after age 60. Here are some thing that you should know!
Are Impulse Buys Killing Your Retirement?
Aug 31, 2011How Coffee, Muffins and Lunch Can Add Up to More Gold In Your Golden Years
Second Careers - Second Chances For Seniors
Sep 12, 2011Today’s Canadians are healthier and living longer. So it’s probably not surprising that many are choosing to extend their work lives past the traditional age 65.
Are You Retired And Ready To Downsize?
Sep 13, 2011Wondering when is the best time to sell your house? The answer is NOW! So now you’re retired and your house is too large for your needs; with no more kids at home who needs all those bedrooms and bathrooms?
How To Strategically Save After Age 65
Sep 14, 2011If life is really a series of stages, it follows that the amount of money we need to save and how best to do it will change as we go along. Re-evaluating our money and savings strategies is particularly important as we age.
Ontario election and seniors: Where the parties stand
Oct 05, 2011Have you decided who to vote for in the Ontario election tomorrow? Each party told Comfort Life where they stand on seniors issues. Read their positions and make an informed choice on October 6th.
Prepare Your Will With Taxes In Mind
Jan 22, 2013Pay less tax on your estate by preparing your will with these four financial tips in mind. Read more...
What should be in your financial plan?
Jul 31, 2012You know you should have a financial plan, but you just haven't gotten around to it yet? Don't worry; here's how to get started.
Can't afford to move to a retirement community? Here's help.
Feb 20, 2012Today we launch a new feature in The Pulse of Comfort Life blog: Story of the month. This is the post that garnered the greatest response from you, our readers. It's a post that was so popular and useful, that it is worth looking at again. This month, that post is this one.
Canada Pension Plan Changes: How will they affect you?
Mar 30, 2012The Canada Pension Plan is undergoing some key changes between 2011 and 2016. These changes are intended to provide more financial flexibility for recipients, depending on the retirement path that people choose. They are also designed to encourage Canadians to work longer before they start to draw a government pension. Read more...
Retirement condominiums: What you need to know about fees
Apr 13, 2012Condo fees are common but what about "special assessments," "reserve funds" and fees for amenities you don't use? Here's what you need to know about fees.
How to protect your home from mortgage and real estate title fraud
Apr 06, 2012Real estate title and mortgage fraud are on the rise and seniors are usually the victims. Here's how boomers and seniors can protect themselves and their homes.
Long-term care insurance: Should you buy it?
Apr 11, 2012Your health may change during retirement and you could need nursing services and/or long term care. Here's how long-term care insurance can help.
What you need to know to find the best retirement home
Apr 18, 2012VIDEO: To find the best retirement home you need to know what questions to ask and what the homes offer. Check out this expert advice.
Top Six Tips for a Successful Downsizing Sale
May 03, 2012It's garage sale time again! If you're downsizing and looking for great ways to make money on your treasures, check out these six tips.
Taxes on selling your home: Myths vs. reality
May 11, 2012When you sell your home one of the few tax breaks available is the exemption from tax on its increase in value but not always. Here's why.
Going Back to School? Nine ways to afford it
Jun 25, 2012You're never too old to go back to school but college and university can be expensive. Here are some ways to find the money you need.
Retirement Condominiums: What You Need to Know about Rules and Bylaws
May 28, 2012There are many rules and regulations for living in a retirement condominium. Here's what you need to know.
VIDEO: Three Ways to Downsizing Your Life
May 30, 2012Instead of being scary, moving to a retirement community can be a fun new experience, as Sandra and Tibor Haluskay found it to be.
How to choose a seniors real estate agent
Jun 26, 2012Selling the home you've lived in for years can be very difficult. But a real estate agent who specializes in working with seniors can help.
Taxes on selling your home: Myths vs. reality
Jun 28, 2012This post is our "Story of the Month"! When you sell your home you must know the tax implications. Here's everything you need to consider.
Downsizing Done Right: One Senior's Story
Jun 29, 2012There is so much advice about downsizing, selling your house and moving on with retirement. Here's one senior who did it right--her way!
Selling Your Home: What You Need to Know
Jul 03, 2012E-BOOK: Thinking about selling your home or have you already started the process? Check out our new ebook for important advice and tips!
Jobs for Seniors: Seven Employment Positions and Tips
Jul 13, 2012There is a misconception that senior citizens do not work but quite a few have second careers or part-time jobs. Here are seven to consider!
Financing Your Retirement: Costs of Retirement Living Overview
Jul 16, 2012Looking for financial advice in planning ahead for your retirement? We have the resources, tips, and advice to help make the financing process easier.
Help the Sandwich Generation Downsize on Twitter!
Jul 10, 2012Need help downsizing? You're not alone! Join our second "sandgen" Twitter chat on Wednesday, July 11th and we'll help each other!
Story of the Month: Downsizing Done Right, One Senior's Story
Jul 23, 2012There is so much advice about downsizing, selling your house and moving on with retirement. Here's one senior who did it right--her way!
Retirement Financing: Tips and Tricks You Need to Know
Aug 01, 2012Ever thought more in depth about your relationship with money? Get the tips and tricks you need to know now to live more financially secure later on.
To Pay or Not To Pay – Managing the Bills
Sep 24, 2012Approaching the topic of managing your parents bills for them is never easy. Nicole McKechnie shares her own experiences and tips. Read more...
Sustainability & Green Trends in Seniors
Oct 25, 2012Many seniors are experts at reducing, reusing and recycling. However, these green habits can become dangerous when it comes to trying to save on necessary health and safety equipment. Read more...
Will Your Retirement Savings Run Out?
Oct 31, 2012It's important to protect your nest egg so you don't run out of money during your retirement. Find out how with these easy steps. Read more...
Tax Tips for Caregivers
Jan 04, 2013These tax tips for caregivers will help you maximize your 2012 return and start saving money in 2013. Read more...
Tax Tips for Canadians 65 and Older
Feb 11, 2013Maximize your tax return with these tips for seniors. Read more...
Split Pension Income to Save Taxes
Mar 11, 2013Splitting your pension with your spouse is a great way to save money come tax time. Read more...
How Much Should You Save for Taxes?
Mar 18, 2013It's tax season! How much money should you save for taxes? Read more...