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Home Financial Health Blog Archive for category "Active retirement – the early years" (Page 2)

Active retirement – the early years

You’re physically active. You’re socially active. You’re still active in business or with volunteering. Make sure your financial picture continues to support your rewarding retirement choices and lifestyle for years to come.

7 things that affect annuity income

Your annuity income is calculated at the time you buy the annuity. It’s based on a number of factors. The most important ones are your life expectancy and interest rates. If you’re buying a life annuity, the insurance company uses insurance tables to project how long you are likely to live.  Factors that will affectRead More…

 

What is your retirement number?

Here is a neat and easy calculator to determine the amount of money you should have saved by the time you retire in order to maintain your current standard of living, and how much you should have saved by now to ensure that you are on track:  Wealth Target Calculator No need to do intenseRead More…

 

Invest in commercial real estate

The Canada Life Real Estate Fund is a segregated fund that invests directly in a diverse selection of income-producing Canadian real estate properties. The fund is made up of high-quality commercial and multi-family residential properties, diversified by type and located in Canada’s major cities. Link to the information page on the Canada Life Real EstateRead More…

 

The Insured Annuity: Maximize your lifetime income and leave a legacy

If you want to get a guaranteed income for life at a rate of return that is significantly higher than GICs, and still leave an inheritance behind when you pass away, then the insured annuity is a strategy you should consider. First let me explain how an annuity works: When you establish an annuity, youRead More…

 

Five Reasons to Rethink Retirement Investment Planning

The retirement landscape has shifted in more ways than one. For starters, living longer is forcing us to change how we invest. Why it’s time to rethink life’s next stage You may have heard something about a retirement crisis. Now, your reaction may have been to look at your RRSP balance and think, “Yup, that’sRead More…

 

Top 10 challenges facing boomers

As Baby Boomers we are extremely fortunate. Relative to previous generations, we have been blessed with an endless selection of places to go, things to do, things to have and things to be. We can do things and go places that our parents could only dream of. At the same time, we have been givenRead More…

 

Start a family conversation about elder care

Starting a conversation about someone’s age is a sure way to be the least popular person in the room. But while this is a no-go territory for cocktail party chatter, it’s a conversation you need to have with your parents. Statistics Canada tells us that in 2007, people aged 45 to 64 paid for 75%Read More…

 

Five ways to reduce the cost of probate in Ontario

Reduce costs, speed up distribution, and simplify estate administration Probate taxes in Ontario are set at $250 for the first $50,000 ($5 for each $1,000, up to $50,000), and at 1.5% of the estate thereafter. This translates into about a $15,000 fee for every $1 million in value of an estate.  Probate calculator. There areRead More…

 

Planning for your later years now

Long term care Long term care insurance is a solution focused on planning for the health risks associated with later retirement and the realities of aging. Fortunately, most of these changes aren’t dramatically different from one day to the next – it’s more of a gradual process. The level of health care and personal assistanceRead More…

 

Twelve key documents you need to gather

Can you imagine what would happen if you died and your beneficiaries didn’t know where to find your will? Or your money? It happens all the time. When someone dies, there are a whole bunch of questions that need answers but the only person with the answers is not here anymore. You really love yourRead More…