Getting Credit When You’re Retired If you’re retired or over the age of 55, and wondering if you can apply for new credit, you certainly can! But first, make sure to read our tips and advice on getting credit in retirement and do your due diligence first.
By Margaret H Johnson Don’t worry folks. This is not an essay on economics. It’s a cry for help for seniors. A recent Vancouver Sun article about how the majority of Canadians need CPP or a lottery win for retirement reminded me about how desperate the financial struggle of the elderly really is.
By Margaret H Johnson T’is the season to be… uh, um, jolly…. worried, maybe even frightened? At the end of February, we are pressured to make some important financial decisions. One of the first is: “Do we pay down our debt or save on our taxes?”
By Margaret H. Johnson A friend of mine just told me a horrifying story. His daughter has been on a disability pension for less than a year and she’s already been cut off once for missing an appointment with a doctor because she could not arrange for babysitting for her two young children, both under…
Everyone dreams of financial freedom, whether that means early retirement, a worry-free retirement or simply enjoying working while being free from debt and able to afford life’s pleasures and adventures. Take the steps toward becoming financially free by applying these top ten money saving tips to your everyday life, and read our guide on budgeting.
Back in the day, people would often spend their entire career working for one company, and retire with the company’s pension plan. These days, only government employees and those who work for large corporations generally receive a pension, while the rest who work for smaller companies or are self-employed must rely on their own savings…
The Canadian Pension Plan pays to all Canadian seniors over 65 who have made a CPP contribution, however the payments are below the poverty line in most cities in terms of the cost of living. Do you want to work all your life only to be impoverished when you are old, and unable to do anything about it?…
