Santa is a senior. My guess is he never had a defined benefit pension and needs the extra cash. He knows that although Canada has made great strides in eliminating seniors' poverty, too many of our older adults still live a low-income lifestyle, especially in major urban centres where costs of living are high. This Christmas season, I urge you to remember and reach out to the elders in your life.
When is it time for you parents to move to a retirement home? The decision to move from the home you've lived in for years to a new community where you may not know anyone is certainly difficult. The important thing is to feel that you are making progress and that helping your parents transition to a retirement community is a positive thing. It is.
Bill C-25, an Act Relating to Pooled Registered Pension Plans received Royal Assent on June 28 this year, making it officially part of Canadian Law. Unless the cost of administration is low, and unless the pooled amount of investment is high -- the banks will profit and workers will continue to struggle to make ends meet before and after retirement.
You must live life in the present -- the key to aging successfully -- but you can't do so if one foot is chained to the past and both hands are shielding your eyes from the fuzzy future. Your vision will be blocked, your hands will be full and you'll be teetering on one leg! Try to integrate the following eight habits into your day as often as possible.