WHAT COSTS TO EXPECT IN RETIREMENT – CONTINUED
In the previous blog, the key costs that were examined were housing costs, healthcare expenses, daily living expenses, insurance, and taxes. In this blog related to retirement costs, the remaining expense categories are examined. The categories are savings and investments, debt repayment, emergency fund, estate planning and practical tips for managing retirement costs. Savings and Investments Building your savings account and investments during your working life plays a large role in your...
Emotional and Social Benefits of Home Care
Homecare provides numerous emotional and social benefits, significantly enhancing the quality of life for seniors and those with chronic illnesses or disabilities. Here are some emotional and social benefits as well as tips for maximizing the benefits: Emotional Benefits of Homecare With an increase of seniors leaning towards aging in place, home care provides increased comfort and familiarity. Receiving care in a familiar environment helps reduce anxiety and stress, fostering a sense...
What does the future hold for home care?
The future of home care in Canada is shaped by various factors, including demographic shifts, technological advancements, policy changes, and evolving healthcare needs. Some key trends and developments that are likely to influence the home care sector in Canada: Aging Population Canada's population is aging rapidly, with a significant increase in the number of seniors. By 2030, it is projected that one in four Canadians will be over the age of 65....
WHAT COSTS TO EXPECT IN RETIREMENT
Costs associated with retirement living In the last blog related to retirement planning, the amount of money needed to retire was discussed as well as different sources of income retired Canadians could receive. In this blog, we will examine what costs retirees can expect to pay. These expenses can be monthly, quarterly or annually. Some of these costs are for necessities such as housing, daily living expenses, insurance, healthcare expenses and...
12 MYTHS AND FACTS ABOUT HOME CARE
Home care is an important option for seniors in Canada, providing necessary support to help them stay in their homes. However, several myths and misconceptions surround home care that can lead to misunderstandings. Here are some common myths about home care in Canada and the facts that dispel them: Myth 1: Home Care is only for the very ill or disabled Fact: home care services benefit a wide range of individuals,...