Legal Issues in Financial Exploitation

Some but not all abusive actions are defined as crimes. The Criminal Code of Canada describes the different offences that someone can be charged with if they are accused of abusive actions towards older adults. Offences cover physical and sexual abuse, chronic psychological abuse, neglect, loss of rights (under the Canadian Charter of Rights and Freedoms), theft, breach of trust and breach of power of attorney, extortion, false pretenses, fraud and intimidation.
Read More...

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.
Read More...

Why are Canadians avoiding their long-term care planning?

A survey for Manulife Financial reveals that seven out of 10 Canadians said they would prefer to have an annual physical exam than spend an hour discussing their long-term care needs. This reluctance in discussing their future long-term care needs helps explain why only 21 per cent of Canadians have factored long-term care costs into their retirement planning.
Read More...

Can't Manage? Try Managed Money

A million bucks isn't what it used to be, but whenever the media refers to a person as a "millionaire" it's meant to an elitist, and usually a negative, term - at least in Canada. In the States, it's a different thing, as self-made, egocentric rich people like Ted Turner and Donald Trump are sources of both envy and pride. In the U.S., wealth means success in a capitalist society. Here it means you probably won by shafting other people, and you should feel guilty.
Read More...