The 60 Mark: Hello Retirement?
After years of anticipation, the first of the baby boomers turned 60 in the year 2006. There are many baby boomers who will be taking the traditional retirement approach, choosing to retire at age 65 and enjoying their lives away from work.
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New Year Financial Tune Up for Seniors
While you’re making your New Years’ resolutions, don’t forget to give your financial house an annual tune-up. As the old saying goes, an ounce of prevention is worth a pound of cure, and few adjustments now could save you thousands of dollars, not to mention some major headaches, in the months and years to come.
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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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Financial Tips For Snowbirds
Thousands of Canadians 'snowbirds' fly south each winter to escape the cold and enjoy the warm weather south of the border. If you're among them, take note of these important financial precautions offered by Patricia Lovett Reid, senior vice president of TD Waterhouse Canada Inc.
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