Category: Financial Planning
Release of the 2011/12 Guide to Canada's Best Retirement Communities
May 24, 2011
It's report card time for the retirement residence industry! Comfort Life's 2011/12 annual guide to the best retirement communities across Canada is out! Find Canada's Best Retirement Communities in your neighbourhood.
How To Save Money When Your Elderly Parents Move In
Jul 06, 2011
Living 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 Living And Retiring At Home
Jul 25, 2011"Living at home is free, why move?" is the most common mindset when seniors are asked about the option of moving to a retirement community. But is aging at home really free? With the unforeseen costs of in-home care assistance, home retro fitting or transportation assistance, many retirees may not realize that aging at home is not as "free" as believed especially if unanticipated health issues were to arise.
Seniors How to Decide When to Sell: 7 Important Considerations
Aug 03, 2011
Here are a few considerations if you or an older member of the family is trying to decide whether or not it’s the right time to sell the family home.
The Cost Of Retiring
Aug 08, 2011
You 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, 2011
Over 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?
Money Management Workshop For Women 55+
Aug 25, 2011
Are 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, 2011
What 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, 2011
New 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, 2011
How Coffee, Muffins and Lunch Can Add Up to More Gold In Your Golden Years
Second Careers - Second Chances For Seniors
Sep 12, 2011
Today’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, 2011
Wondering 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, 2011
If 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.
What should be in your financial plan?
Jul 31, 2012
You 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, 2012
Today 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.
How to Buy a Retirement Condominium: Five Experts to Consult Before Buying
Mar 26, 2012
Ready to chuck your snow shovel and lawn mower for a low-maintenance retirement condo? If so, there’s a lot you should know before buying a unit in a retirement community. You’ll want to speak with a number of advisers before signing an agreement of purchase and sale. Read more...
Canada Pension Plan Changes: How will they affect you?
Mar 30, 2012
The 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...
Long-term care insurance: Should you buy it?
Apr 11, 2012
Your 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, 2012
VIDEO: To find the best retirement home you need to know what questions to ask and what the homes offer. Check out this expert advice.
House Sitting: The Fast-Growing, Low-Cost Way to Travel
Apr 25, 2012
Imagine traveling all over the world and staying for weeks or months without paying for hotels! That is what house sitting allows you to do.
Top Six Tips for a Successful Downsizing Sale
May 03, 2012
It'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, 2012
When 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.
House Sitting: The fast-growing, low-cost way to travel
May 21, 2012
Imagine traveling all over the world and staying for weeks or months without paying for hotels! That is what house sitting allows you to do.
Going Back to School? Nine ways to afford it
Jun 25, 2012
You'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, 2012
There 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, 2012
Instead 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, 2012
Selling 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, 2012
This 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, 2012
There 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, 2012
E-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, 2012
There 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, 2012
Looking 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, 2012
Need 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, 2012
There 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, 2012
Ever 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, 2012
Approaching the topic of managing your parents bills for them is never easy. Nicole McKechnie shares her own experiences and tips. Read more...
Will Your Retirement Savings Run Out?
Oct 31, 2012
It'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...
