Hidden health-care costs can be a shock for retirees

Every Thursday, Randy Filinski drives a group of seniors to one of two government-sponsored physiotherapy sessions in Toronto’s Scarborough area and sees firsthand the realities of inadequate health-care coverage in the retirement years.

Mr. Filinski, volunteer chair of CARP’s Ajax-Pickering chapter east of Toronto, says the members he drives are eligible only for a 20-minute […]

Three Areas Where You Can Save Money

I believe that, just like people, our money needs a purpose. Sometimes it’s obvious what that purpose is: saving, covering the cost of housing, food, bills etc. but often, once those recurring payments are taken care of, the remaining dollars tend to magically vaporize from our bank account and drift off to find their […]

What The Liberals’ Tax Promises May Mean For Your TFSA

Just moments after being sworn in as our new Prime Minister, Justin Trudeau and his cabinet announced that Parliament will reconvene on December 3 and immediately turn their attention to taxes. While the priority focus will be on marginal tax rates for the middle class and those making more than $200,000, it’s worth paying […]

Are you playing rational roulette with your retirement plans?

We all know that our mental abilities will wane at some point, though we like to think it won’t be until extreme old age. Is it possible that those abilities diminish sooner and faster than we think, even in the absence of dementia? If we look around us, we can find objective benchmarks that […]

The joy of retirement readiness

I’ve been facilitating courses and seminars on Retirement Readiness for long enough that I have been a part of hundreds of people’s retirement planning process. Some have come back to see me after they retired.  Others have sent a message and some people I have run into them socially.  The feedback I have gotten is […]

Want to destroy your wealth? Here are 10 of the best ways to go about it

It was my worst financial mistake and left me in what seemed like massive debt at 18. Surprise, the problem started with a credit card.

We’re not talking about spare change here. Financial Post’s Garry Marr looks at how taxpayers could get dinged by municipalities’ land transfer tax plans

A teenager with a $1,500 credit limit in 1982 […]