Looking After the Financials

Caring for a loved one's financial matters is one of the more personal but important responsibilities a caregiver can take on for an elderly person. Some people have a hard enough time coping with their own financial responsibilities, let alone taking on someone else's as well. Most seniors feel they are more than capable of handling their own money, however, there are several things a caregiver can do to help them cope with the burden of looking after a loved one's financial matters and not come off as the medalling son or daughter.
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Long Term Care Insurance: Is our savings sufficient for care coverage?

With increasing awareness of the Baby Boomer retirement, the insurance industry is heavily focusing on long-term care insurance plans for aging consumers. Although Ministry of Health puts forward a significant amount of budget towards care for seniors, one can no longer depend on it solely or on private health insurance because it does not cover extended nursing home stays, assisted living centres or regular home care visits.
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Can There Be Such A Thing As Good Debt?

You bet there is. It's debt you never want to repay because it's of such benefit keeping it in place. This is the case with a home equity loan, described in last week's column. To recap, a HELOC (home equity line of credit, as you will hear many financial advisors call it) is a loan taken against the wealth you have accumulated within your residential real estate.
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It Doesn't Pay Trying To Beat The Street

The stock market is a self-regulating god, perfect in its random, short-term unpredictability. It will do what it will do, reacting to events nobody can predict and trends you are powerless to influence.
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