Insurance for Retirement
Four years to go. Perhaps five. Or three, if the budget is strictly adhered to and the market performs well. Ah, the heady dreams of retirement. Most of us look forward to our retirement years most of our working lives. And a lot of us will spend as many years in ‘retirement’ as we did working. The challenge, of course, is to ensure that we have properly prepared for our leisure years.
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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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Choosing the Right Place To Call Home
This feature article from the Ontario Residential Care Association provides information of use to all Canadians. While provincial legislation may differ, the basic information on selecting a residence is the same. Links to other provincial associations are provided at the end of the article.
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Top Ten Tips for Selecting a Residence For Your Aging Relative
Selecting a residence for your aging relative can present challenges. The variety of residences available (from long-term care to retirement to Alzheimer-specific residences) can cause confusion. In addition, many people have entrenched ideas about what a residence is and looks like - and given that residences have changed drastically in the past several years, those ideas can be wrong!
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