Mom’s $156,000 salary not enough for retirement needs

Posted by Ravi Gulati | Posted in Financial Planning | Posted on 16-04-2014

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Simultaneously pay down debt and save for retirement/ education savings. Given the short timeframe to come up with retirement savings, make that the top priority.

Mom’s $156,000 salary not enough for retirement needs | Toronto Star.

Seniors face crisis as they live longer, but stay indebted

Posted by Ravi Gulati | Posted in Financial Planning | Posted on 10-04-2014

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Canadian Institute of Actuaries (CIA) which came to the startling conclusion that we can all expect to live almost three years longer than had previously been believed.

The second shoe dropped last week with the release of a report on the nation’s credit status by Equifax Canada, a leading credit rating agency. It found that the debt levels for people over 65 had jumped 6.5 per cent year-over-year, the largest increase for any age group.

So here’s the picture. We’re living longer and increasingly we’re going into debt to pay for it, just at a time when interest rates are starting to rise. That can only spell trouble down the road.

Seniors face crisis as they live longer, but stay indebted | Toronto Star.

Peel’s high diabetes rate linked to poor ‘walkability,’ research finds

Posted by Ravi Gulati | Posted in Financial Planning, News of Interest | Posted on 08-04-2014

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A “Peel diabetes atlas,” created by St. Michael’s Hospital’s Centre for Research on Inner City Health, also shows particularly high rates of diabetes, an incurable but potentially preventable metabolic disease, in neighbourhoods that are home to many immigrants particularly susceptible to developing it.

One in 10 Peel Region adults has diabetes, a proportion projected to rise to one in six by 2025 according to the atlas, which was released Monday. The overall provincial rate is one in 12.

 

Peel’s high diabetes rate linked to poor ‘walkability,’ research finds Toronto Star.

Here’s how this couple retired at 48 in expensive Toronto

Posted by Ravi Gulati | Posted in Financial Planning | Posted on 25-03-2014

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Planning ahead is Annie’s philosophy. From the moment she started work, she was already thinking of retiring.

via Here’s how this couple retired at 48 in expensive Toronto: Roseman | Toronto Star.