A life annuity provides regular payments that will continue for the rest of your life, no matter how long you live. When you die however, any money left in the annuity goes to the issuer, not your estate. The exception would be if you arrange an annuity which has a guaranteed payment period. There are […]

Here is a brief overview of the key federal and provincial government pension or financial assistance programs and guidelines that you should be familiar with. They can be modified periodically, of course, so obtain a current update of regulations and criteria relevant to your circumstances. In addition, there could be exceptions to the general guidelines […]

Have you thought about the idea of remaining in your home, getting some cash out of the equity to enhance your lifestyle needs, and not having to make any payments on the loan or repay the loan until your surviving spouse dies? If you or your parents are 62 years of age or older, this […]

Over time, you have probably heard about various financial institutions in Canada having problems or even going under. How do you find out what protections you have for savings or chequing account deposits in a bank, trust company or credit union? You should be cautious about where you put your money. Many people assume that […]

There are many risk areas that could affect your financial net worth, cash flow, quality of retirement, and lifestyle. In many cases, you can eliminate, minimize, or control each of these risk areas by knowing about them, doing research, and making prudent decisions. Statistically, if you retire at 55 years of age, you can expect […]