Comfort Life - Your guide to retirement & care

Category: Finances and Law

How To Save Money When Your Elderly Parents Move In

Jul 06, 2011

Living in an extended family situation is a reality for many people with aging parents that require care, comfort and companionship. This situation can cause tension and create problems between husband and wife, especially when it comes to their finances. It can also be hard to communicate your feelings about money when it’s your spouse’s parents moving in. Here are some things to keep in mind. These tips will protect you financially and make money matters more clear in the future.


The Cost Of Retiring

Aug 08, 2011

You know you need to save for your retirement, but how much money will you need to live comfortably after you retire? Here are five tips from Chartered Accountant Anne Chun, President of Anne Chun Professional Corporation in Toronto.


Are You Currently Planning Your Kids’ Retirement?

Aug 10, 2011

Over the last few years, we have seen the market crash and burn, and Social Security is on its way toward doing the same. So, if we’re scrambling to salvage our retirement income, imagine what it will be like for your kids. If you haven’t done that already, one expert has some good news for you. Are You Currently Planning Your Kids’ Retirement?


Comfort Life News Round-Up: "Till Mid-Life Do Us Part"

Aug 05, 2011

While the overall divorce rate on a steady the decline with the Generation-X er's, the divorce rate amongst young seniors and the newly retired is steadily climbing! There has been a lot of speculation and discussion as to the reasons why the "I do" ends with "I don't".


Money Management Workshop For Women 55+

Aug 25, 2011

Are you a woman 55 or older with a low income? Are you single or a newcomer to Canada? Would you like to be in better control of your finances? Then come to a two-day workshop on money management this September!


What You Need to Know about Long-Term Care (LTC) Insurance

Aug 15, 2011

What is long-term care insurance, and why is it important? Statistics tell us that: - 75% of those over 65 will need a caregiver or facility services - 40% of people who are under 65 are either on or will be using long-term care benefits for periods of time due to accidents or illness. When we are younger, we think we are invincible.


New Options Under The CPP Rules

Aug 29, 2011

New rules that are being phased in between now and 2016 for the Canada Pension Plan (CPP) will give people greater flexibility to choose when they want to begin receiving CPP benefits and on how long they can contribute to CPP after age 60. Here are some thing that you should know!


Are Impulse Buys Killing Your Retirement?

Aug 31, 2011

How Coffee, Muffins and Lunch Can Add Up to More Gold In Your Golden Years


Second Careers - Second Chances For Seniors

Sep 12, 2011

Today’s Canadians are healthier and living longer. So it’s probably not surprising that many are choosing to extend their work lives past the traditional age 65.


Are You Retired And Ready To Downsize?

Sep 13, 2011

Wondering when is the best time to sell your house? The answer is NOW! So now you’re retired and your house is too large for your needs; with no more kids at home who needs all those bedrooms and bathrooms?


How To Strategically Save After Age 65

Sep 14, 2011

If life is really a series of stages, it follows that the amount of money we need to save and how best to do it will change as we go along. Re-evaluating our money and savings strategies is particularly important as we age.


Ontario election and seniors: Where the parties stand

Oct 05, 2011

Have you decided who to vote for in the Ontario election tomorrow? Each party told Comfort Life where they stand on seniors issues. Read their positions and make an informed choice on October 6th.


Prepare Your Will With Taxes In Mind

Jan 22, 2013

Pay less tax on your estate by preparing your will with these four financial tips in mind. Read more...


What should be in your financial plan?

Jul 31, 2012

You know you should have a financial plan, but you just haven't gotten around to it yet? Don't worry; here's how to get started.


Can't afford to move to a retirement community? Here's help.

Feb 20, 2012

Today we launch a new feature in The Pulse of Comfort Life blog: Story of the month. This is the post that garnered the greatest response from you, our readers. It's a post that was so popular and useful, that it is worth looking at again. This month, that post is this one.


Canada Pension Plan Changes: How will they affect you?

Mar 30, 2012

The Canada Pension Plan is undergoing some key changes between 2011 and 2016. These changes are intended to provide more financial flexibility for recipients, depending on the retirement path that people choose. They are also designed to encourage Canadians to work longer before they start to draw a government pension. Read more...


Retirement condominiums: What you need to know about fees

Apr 13, 2012

Condo fees are common but what about "special assessments," "reserve funds" and fees for amenities you don't use? Here's what you need to know about fees.


How to protect your home from mortgage and real estate title fraud

Apr 06, 2012

Real estate title and mortgage fraud are on the rise and seniors are usually the victims. Here's how boomers and seniors can protect themselves and their homes.


Long-term care insurance: Should you buy it?

Apr 11, 2012

Your health may change during retirement and you could need nursing services and/or long term care. Here's how long-term care insurance can help.


What you need to know to find the best retirement home

Apr 18, 2012

VIDEO: To find the best retirement home you need to know what questions to ask and what the homes offer. Check out this expert advice.


Top Six Tips for a Successful Downsizing Sale

May 03, 2012

It's garage sale time again! If you're downsizing and looking for great ways to make money on your treasures, check out these six tips.


Taxes on selling your home: Myths vs. reality

May 11, 2012

When you sell your home one of the few tax breaks available is the exemption from tax on its increase in value but not always. Here's why.


Going Back to School? Nine ways to afford it

Jun 25, 2012

You're never too old to go back to school but college and university can be expensive. Here are some ways to find the money you need.


Retirement Condominiums: What You Need to Know about Rules and Bylaws

May 28, 2012

There are many rules and regulations for living in a retirement condominium. Here's what you need to know.


VIDEO: Three Ways to Downsizing Your Life

May 30, 2012

Instead of being scary, moving to a retirement community can be a fun new experience, as Sandra and Tibor Haluskay found it to be.


How to choose a seniors real estate agent

Jun 26, 2012

Selling the home you've lived in for years can be very difficult. But a real estate agent who specializes in working with seniors can help.


Taxes on selling your home: Myths vs. reality

Jun 28, 2012

This post is our "Story of the Month"! When you sell your home you must know the tax implications. Here's everything you need to consider.


Downsizing Done Right: One Senior's Story

Jun 29, 2012

There is so much advice about downsizing, selling your house and moving on with retirement. Here's one senior who did it right--her way!


Selling Your Home: What You Need to Know

Jul 03, 2012

E-BOOK: Thinking about selling your home or have you already started the process? Check out our new ebook for important advice and tips!


Jobs for Seniors: Seven Employment Positions and Tips

Jul 13, 2012

There is a misconception that senior citizens do not work but quite a few have second careers or part-time jobs. Here are seven to consider!


Financing Your Retirement: Costs of Retirement Living Overview

Jul 16, 2012

Looking for financial advice in planning ahead for your retirement? We have the resources, tips, and advice to help make the financing process easier.


Help the Sandwich Generation Downsize on Twitter!

Jul 10, 2012

Need help downsizing? You're not alone! Join our second "sandgen" Twitter chat on Wednesday, July 11th and we'll help each other!


Story of the Month: Downsizing Done Right, One Senior's Story

Jul 23, 2012

There is so much advice about downsizing, selling your house and moving on with retirement. Here's one senior who did it right--her way!


Retirement Financing: Tips and Tricks You Need to Know

Aug 01, 2012

Ever thought more in depth about your relationship with money? Get the tips and tricks you need to know now to live more financially secure later on.


To Pay or Not To Pay – Managing the Bills

Sep 24, 2012

Approaching the topic of managing your parents bills for them is never easy. Nicole McKechnie shares her own experiences and tips. Read more...


Sustainability & Green Trends in Seniors

Oct 25, 2012

Many seniors are experts at reducing, reusing and recycling. However, these green habits can become dangerous when it comes to trying to save on necessary health and safety equipment. Read more...


Will Your Retirement Savings Run Out?

Oct 31, 2012

It's important to protect your nest egg so you don't run out of money during your retirement. Find out how with these easy steps. Read more...


Tax Tips for Caregivers

Jan 04, 2013

These tax tips for caregivers will help you maximize your 2012 return and start saving money in 2013. Read more...


Tax Tips for Canadians 65 and Older

Feb 11, 2013

Maximize your tax return with these tips for seniors. Read more...


Split Pension Income to Save Taxes

Mar 11, 2013

Splitting your pension with your spouse is a great way to save money come tax time. Read more...


How Much Should You Save for Taxes?

Mar 18, 2013

It's tax season! How much money should you save for taxes? Read more...


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