We spend much of our younger years saving for retirement so that we can enjoy our later years. On average, Canadians are living longer, which means more financial resources, and more careful management of financial resources, are required to ensure they last as long as you need them to. Once retired, older adults (and their caregivers) face the challenge of making a realistic budget based on fixed and often limited incomes, while juggling many priority expenses. Consider also the difficulty of navigating the various programs and services that are partially (or not) covered by insurance and governments, or the complex tax systems at different levels of government. We have compiled some resources and tools to help with your financial planning.
Managing your finances to enjoy a long and happy retirement
Featured Resources
- Blog Post: A nest egg for our old days: Helping older adults manage their finances
- Blog Post: Older adults increasingly targeted by fraud and scams
- Web Resource Rating: Making a budget
- Web Resource Rating: Managing multiple financial priorities
- Web Resource Rating: Four financial mistakes retirees regularly make
Get the latest content first. Sign up for free weekly email alerts.
Subscribe
DISCLAIMER: These summaries are provided for informational purposes only. They are not a substitute for professional medical advice. The summaries may be reproduced for non-profit educational purposes. Any other use must be approved by the McMaster Optimal Aging Portal (info@mcmasteroptimalaging.org).
