How To Estimate and Plan Your Canadian Retirement Budget

ALL WE CAN CONTROL IN RETIREMENT ARE OUR SPENDING HABITS   We often over-estimate how much money we will need in our retirement years when we are healthy only because we have this bucket-list of things to do and want to make sure the money is available. The sad part is that not everyone will get to cross off places they want to visit or things they want to do because of the funds aren’t available, health decline or travel insurance is far too expensive. When my father-in-law passed away earlier this year my mother-in-law was left to pick up the pieces which in all honesty was a terrible mess. Shortly after she was deemed unable to care for many things on her own we had to step in and do her finances for her. This is how dementia starts to rob you of your independence, slowly even though we can look back and now see it has been happening for years. With no income coming in but a small Canada Pension Plan cheque which she managed to get early when she didn’t need it that’s really all the money she had coming in. Had she been in the right […]

5 Housing Options To Consider As We Age – The Saturday Weekend Review #170

THERE IS NO HARM IN PREPARING FOR FUTURE HOUSING ARRANGEMENTS     No matter what generation you were born in eventually you will age and with that comes options especially housing needs to fit your lifestyle and budget. When we first bought our house in 2009 we were practically the youngest couple on the street with no kids. We looked high and low for the perfect house for us which meant we let house prices influence our real estate budget. We were fortunate to have so many houses to choose from at the time as prices took a steep dive. It was imperative for us to buy the least expensive house we could find in the most expensive neighbourhood. We knew eventually that this housing decision would come back in our favour and it has although we’re not quite sure we are ready to take the plunge and move just yet. Since then housing prices in our neighbourhood are through the roof with multiple offers over asking price that would shock any seller (in a good way). Some of our friends have had huge celebrations after the sale of their house as they scored big. This kind of housing windfall […]

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