New rules boost financial protection for seniors, but getting them to opt in can be a delicate process – Financial Post, July 27, 2021
https://financialpost.com/personal-finance/retirement/new-rules-boost-financial-protection-for-seniors-but-getting-them-to-opt-in-can-be-a-delicate-process
Jason Heath writes about how “The Canadian Securities Administrators (CSA) have introduced a requirement for financial advisers across the country to provide more oversight for seniors and investors with diminished mental capacity.” and how this ” highlights important issues for retirees, people with aging parents or other at-risk family members and the financial industry — some of which are not addressed by the new provisions.”
FP Answers: Is using a simple online will kit enough to guarantee your estate will be distributed the way you want? – Financial Post, July 30, 2021
https://financialpost.com/investing/fp-answers-is-using-a-simple-online-will-kit-enough-to-guarantee-your-estate-will-be-distributed-the-way-you-want
ulie Cazzin answers a readers question about will preparation. She purports to explain “how to pass on your assets to your family members with as little hassle, tax and probate fees as possible”. There is also a cute video about a daughter having “the discussion” with her parents about their legal preparation for end of life.
Why more advisors at banks are looking to go independent – Globe and Mail, August 4, 2021
https://www.theglobeandmail.com/investing/globe-advisor/advisor-news/article-why-more-advisors-at-banks-are-looking-to-go-independent/ason Pereira writes about how financial advisors at large financial institutions are increasingly looking at the possibility of going independent. How is this relevant to retirees? In part, because it paints a pretty clear picture of what the big institutions think about their customers. Food for thought.
How Nick and Naomi can retire at 55 while still maintaining financial freedom – Globe and Mail, July 30, 2021
https://www.theglobeandmail.com/investing/personal-finance/retirement/article-work-less-play-more/Diane Malley examines the financial preparedness of a couple who want to retire at 55.
