Do you think that retirement for you and future generations will be significantly different than it is for current retirees? If you say, “yes”, you’re not alone. Most consumers anticipate meaningful differences. Thoughts, expectations, confidence and planning do differ when considering age and gender. Here are some recent findings shared with permission from the LIMRA Secure Retirement Institute. If the Shoe Fits: Generational Names and Retirement Attitudes, 2017.
I’ve written a number of articles on cash flow management: the issues with it, the domino effects of debt and savings, and ideas on how you can get a better grip on your finances. I’ve created a list of resources you can use to work through your own particular circumstances or offer to your clients as an aid to working through their financial cash flow management situations.
Did you know that financial abuse is the most common form of elder abuse in Canada?1 In this segment of Life & Money Matters video, Peter shares some of the signs of elder financial abuse and how to safeguard against it.
How secure do you feel about life after work? Even if work will continue to form part of the next phase in your life, how comfortable are you with your plans and savings for all those tomorrows? Will your plans work, even under adverse conditions?
I’m sure many of you have heard the following statements. Perhaps you have made them yourselves.
“I don’t like taking risks with my money.”
I have been seeing more and more of my friends retire over the last couple of years. As prepared as some thought they were about leaving their work behind, six months or so later, they found themselves struggling with what their version of the next phase of their life and themselves would look like.
Stan is turning 71 this year. He is enjoying a life filled with travel, relaxation and time with his family. Like more and more people, work is still very much a part of his life. Stan expects to work at least part-time for the foreseeable future. To Stan, this keeps his mind active and helps define who he is. He would like the opportunity to claim Registered Retirement Savings Plan (RRSP) deductions after age 71 even though he knows he must mature his own plan by the end of the year he turns age 71. What are his options?
At least 70% of new jobs require some form of post-secondary education or specialized training and the price of entry isn’t cheap. Post-secondary costs have steadily risen and continue to rise on a yearly basis.
In this installment of Life & Money Matters, Peter Wouters explores different strategies as well as factors to keep in mind when saving for the cost of post-secondary education.
