Posts Tagged "financial"

Stuck in the Middle: Retirement Planning

Posted by on Apr 9, 2013 in Financial and Tax Matters, Planning | 0 comments

Originally published at www.theglobeandmail.com on November 5, 2012.   “Many boomers are assisting parents financially or are losing income because of their eldercare obligations,” says Mara Osis, founder of ElderWise, an organization that provides information and coaching to help families caring for elderly loved ones. “They may turn down career opportunities or even retire early, if they feel it’s up to them to take on this responsibility and don’t see any other way of doing it.” Read the complete article:...

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Long Term (Care) Planning: It’s Not Just for the Old

Posted by on Feb 24, 2011 in Planning | 0 comments

Canadians have been quietly caring for their elderly for hundreds of years. Suddenly, however, it seems that long term care has worked its way from obscurity into the national limelight virtually overnight. If you consider the state of the country, the reasons are obvious. Canada’s population is aging rapidly. According to a Statistics Canada 2001 report the number of people aged 65 and over is expected to double from nearly 4 million in 2000 to almost 8 million by 2026. By 2016 at the latest, Canada will have far more seniors than children aged 14 and under, a phenomenon never before...

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Aging Parents and Adult Children Living Together? Talk Before You Pack

Posted by on Feb 24, 2011 in Housing Options, Living Arrangements | 0 comments

Are you considering moving in with your adult children? Are you thinking about having your aging parent(s) move into your home? Whatever your reason, you can expect that some intergenerational households will work well, but others are filled with tension. Moving in together can work, but success is greater when everyone pays attention is paid to each others’ autonomy and where certain things are negotiated beforehand:   Respect Autonomy Seniors have been making their own decisions for a long time. Asking them to give up this independence can create feelings of tension and...

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Estate Planning Part 2: Four Common Mistakes

Posted by on Nov 22, 2010 in Wills and Estate Planning | 0 comments

Whether we like it or not, some parts of life are complex. We need help with areas where we lack experience or expertise. This is certainly true when it comes to certain legal, financial and tax matters – all of which can come into play with estate planning. But emotional pitfalls and relationship issues can also arise during estate planning. Here are four common estate planning mistakes to avoid: Mistake #1: Not changing your documents as you and your family experience life-changing events. There are dozens of life-changing events which should trigger the review of your legal and financial...

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Help for Caregivers

Posted by on Sep 9, 2010 in Caregiving, Catalog, Family Relationships | 0 comments

Millions of Canadians are caregivers to a family member. Many caregivers say they want and need help but don’t know where to get it or how to ask. Without that help, caregivers are at risk for physical and emotional burnout.  Before asking for help, assess the specific needs. They may include: respite so you can take a vacation support to make important decisions regular phone calls/visits to you or to the care recipient financial help – or help to manage finances hands-on help with care household chores Some caregivers report “rejection” when asking for help. If other family...

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