“Demographic, economic and even behavioural trends suggest that the current landscape for Canadians as they head into their retirement years is challenging,” the study found. Seniors are also struggling with so-called financial literacy, experiencing difficulties staying on top of their financial affairs with advancing age, the report says. They are also far more vulnerable to financial scams. In the past few weeks I have worked with a few of my clients who are in their sixties, and whose finances are a real mess. Heavy debt load, large mortgages, major derogotary on their credit reports, just to name a few. For these clients the emotional and financial toll is quite heavy, and many of them may have to sell and go back to renting very basic rental units. To sit down with an experienced mortgage planner, contact the Ray The Ray C. Mcmillan Mortgage Team - Mortgages Made Simple
Posted on: Tue, 04 Nov 2014 19:24:39 +0000
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