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Monthly Archives - July 2022

22 Jul

Planning for Your Retirement Place

Planning for a retirement place can be both exciting and yet overwhelming. While preparing to live on a fixed monthly income, chalking out retirement planning details is essential. It involves ensuring financial stability in the years lying ahead by creating a budget, evaluating your assets, and maximizing your savings. First and foremost, discuss your planning for retirement with your spouse. Communication between you both is the key because spouses often do not have the same planning for retirement. They may [...]

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22 Jul

Retirement Home Regulations in Ontario

At retirement homes, you can live and receive care services like nursing and personal assistance in your golden years of life. Here, the rights of the residents are guaranteed by the law. In Ontario, retirement homes are regulated and must follow legislation called the Retirement Homes Act, 2010. This Act provides protection and safeguards for retirement home residents, so they can live their remaining life with dignity and make informed choices about their care. This Act is enforced by the [...]

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22 Jul

How to Live on Retirement Income in Canada in 2022

Planning Your Retirement Income Are you in your forties or fifties? Then it’s about time you gave your retirement planning a thought. It is a multistep process that evolves over time and it is never too early to begin. For a comfortable, secure, and fun-filled retirement, you will need to build a financial buffer that will see you through your golden years. Start by thinking about your retirement goals and set a timeline to meet them. Study the types of retirement [...]

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