Posts Tagged "retirement"

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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Retirement: Families Planning Together

Posted by on Apr 3, 2013 in Planning | 0 comments

 Originally published May 2011 on www.lifespeak.ca Contribution by Mara Osis, eldercare consultant and speaker on LifeSpeak’s Calgary roster.If one or both of your parents is talking about “retirement”, they are using a term that is being re-defined so quickly and drastically that the word might actually soon disappear. For previous generations, mandatory retirement at 65 was not uncommon; nor was collecting a pension for 25 or more years of service. More recently, retirees were sold the “Freedom 55” concept – endless, carefree days of golf, travel...

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Home alone – not anymore. Your adult child is back.

Posted by on Mar 28, 2011 in Family Relationships, Financial and Tax Matters | 0 comments

Originally published at www.investorsgroup.com. Used with permission. Call ‘em Boomerang Kids or KIPPERS (Kids In Parents’ Pockets Eroding Retirement  Savings) – but by any name, the number of adult children living with their parents is on the rise. And for Boomers, that can be a double whammy because many are being sandwiched between caring for their adult children and for their aging parents. A recent survey* of Boomers revealed that four-in-ten who care for both children and parents say they have been forced to reduce the amount they’re investing for retirement, one-quarter say they have...

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Experts Help Elderly Stay Home – Or Move

Posted by on Sep 8, 2010 in Living Arrangements | 0 comments

Many elderly parents want to avoid moving to a care home, and prefer to stay in their own homes as long as possible. The unfortunate reality is that health, mobility and safety issues can make this impossible. Other seniors feel the burden of “too much house”, but may find the thought of moving on overwhelming, both physically and emotionally. Help is at hand in all of these situations. For older persons who need more support to stay at home, a growing number of private service providers can help with personal care, errands, and home maintenance. Senior move specialists can help...

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Securing Our Future Finances

Posted by on Sep 8, 2010 in Financial and Tax Matters | 0 comments

When helping aging parents with money matters or planning our own retirement, we may be drawn to investments that guarantee a more predictable future income and protect us against financial risks. Here are examples of investments that offer some degree of guaranteed income:  1. Savings accounts pay very low rates of interest and often don’t keep pace with inflation, but offer certainty…and quick, easy access to your money. 2. Guaranteed Investment Certificates (GIC’s) have long been attractive for conservative investors. They guarantee both principal and interest. Returns are...

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