Articles on Financial Planning and Retirement Costs:
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Nursing Home Rates Across Canada - Nursing home/Long-Term Care across Canada varies in terms of terminology and cost factors. Long-term care is regulated & monthly rates are determined by each provinces’ Ministry of Health. Every province determines what their rates are, when they are increased and by how much and what subsidies are available for those below the income level of the minimum accommodation rates.
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The Cost of Retirement Living - For someone on basic pensions choice is limited to seniors buildings that are rent geared to income or long term care - this is unfortunate because there are a whole group of people that fall between the cracks here.
Estate Planning - People like surprises, but not when it comes to their money – especially when it eats away at a loved one’s inheritance. Estate planning and life insurance can reduce the exposure of their estate to those surprises.
Guarantees and options take the “what if’ out of life insurance - So you’ve made the decision that it’s time to get life insurance. Then, a sudden case of the “what ifs” makes you hesitate. What if something happens and I can’t make the payments? What if I change my mind about the coverage I choose? What if I want the funds while I’m still alive?
Today, some life insurance products provide solutions to the “what ifs”, so you can make a stress-free decision.
Powers of Attorney (Ontario) - In Ontario there are two types of Powers of Attorney people need. A Power of Attorney for Personal Property is a legal document giving another person the authority to make decisions about your finances and property if you become unable to make those decisons yourself. A Power of Attorney for Personal Care gives someone else the authority to make decisions about your personal care i.e. medical, health and safety etc. if you become mentally incapable of making those decisions yourself. Both documents are important and necessary for all adults to have.
Wills - What is a will?
A written legal document setting out what is to happen after death to his/her property and who will be guardian of children. A will must be in writing and should be dated and properly witnessed.
Our Retirement Home Cost Calculator is now Available FREE in the App Store
Based on our online version, use the app to find out the value of moving to a retirement community, take a few minutes to complete this simple cost-comparison form. Download for FREE in the App Store.
