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Pattie Lovett Reid

pattie-lovett-reid-sitting-in-a-chair
Pattie Lovett-Reid

Cyberattacks and fraud are escalating. In 2023, Canadians lost $554M due to fraud, with financial loss expected to cost almost $10.8 trillion globally this year. However, there has been a long-standing belief Boomers are more likely to fall prey than any other generation. But when it comes to falling for scams, every age group is equal. Baby boomers are no more likely than any other generation to fall for a scam. Here are a few basics to ensure you stay cyber-safe and avoid potential scams and scammers. These scammers have upped their game. And finally, if you feel you have released too much personal information, don’t be embarrassed or ashamed because it happens to smart and tech-savvy people all the time.

Continue Reading 4 min read
pattie-lovett-reid-smiling-and-laughing
Pattie Lovett-Reid

For the fourth consecutive rate announcement, the Bank of Canada did exactly what we expected it to do and left the bank rate unchanged at 5%. Inflation is tamer and has decelerated but has not yet hit the desired 2% target. The job market has proven more resilient than anyone initially thought. Yet, the private sector has been scaling back on hiring for the past three months. We don’t know with certainty if our economy is headed toward a soft landing or a mild recession. A far more sensible approach is to set yourself up for success and control what you can in an environment where you feel you have no control. Explore all of your funding options to free up some cash.

Continue Reading 4 min read
pattie-lovett-reid-sitting-and-smiling-in-pink-dress
Pattie Lovett-Reid

Conventional wisdom tells us that older Canadian women are reluctant to talk about their finances because it’s “not polite.” However, HomeEquity Bank is working to smash this stigma and empower Canadian women 55+ to take charge of their financial future by encouraging them to ask the right questions and considering all the financial solutions available to them. While older Canadian women are often stereotyped as financially “vulnerable,” HomeEquity Bank’s research found that women reported improved financial wellness scores as they aged: 63% of older Canadian women reported a financial wellness score of 60+, compared to only 46% of younger women. If you fall into that camp, HomeEquity Bank’s new Financial Wellbeing tool is designed to help you get a measure of your financial wellbeing and provide you access to customized resources.

Continue Reading 4 min read
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Joyce Wayne

Elder man laughing with daughter
Joyce Wayne

Supporting older adults to age in their own homes and communities for as long as possible, commonly referred to as “ageing in place,” can help Canada’s already-strained LTC systems. Yet, doing so effectively also requires responsive systems and services that can enable what the NIA calls “Ageing in the Right Place.” Recognizing the growing importance of supporting older Canadians’ ability to age successfully while remaining engaged members of their communities, this report presents a practical definition and framework to understand what ageing in the right place (AIRP) is and what is required to make it work. It also highlights existing best practices and opportunities that can reduce unnecessary LTC home admissions and better support the implementation of successful AIRP policies and programs across Canada and beyond.

Continue Reading 7 min read
Elder couple playing golf
Joyce Wayne

The prime time for retirement is changing. It once was 65 years of age, but as people live longer and some face more financial roadblocks to leaving work, the new retirement age is moving closer to 75. A formal retirement can be the best time to become one of “the unretired,” those who are actively engaged in new pursuits, sometimes for financial reasons and other times for the sheer enjoyment of it. The tried-and-true myths of retiring at 65 and disconnecting from the world are coming to a close. Now that more of us are staying socially, physically, and intellectually active as we age, it’s becoming common to find alternate routes to part-time employment, often doing the things we always wished to do, but couldn’t, due to financial obligations.

Continue Reading 7 min read
Older people displaying teamwork
Joyce Wayne

Retirees, too, have significant amounts of free time, as much or more than we had when we were adolescents. Last night I was strangely reminded of this situation when, for the first time, I watched the 1955 film Rebel Without a Cause on the Turner Classics Movie Channel. Although retirement can release us from a long list of daily to-do’s, it also opens up great swaths of undefined time. There’s nothing like having a best friend to complain to. Now retired, I find myself enjoying new friendships in different ways, but just as important as they were when I was younger. Ignored because of their age, or disability, or simply because they live alone, retirees can make the cause of good friends and good community their cause.

Continue Reading 7 min read

Kurt Browning

Kurt Browning holding a dog on a couch
Kurt Browning

Kurt Browning, a Canadian figure skater and the celebrity spokesperson for HomeEquity Bank, partners with his dog to describe the benefits of a CHIP Reverse Mortgage and how it can help you retire in the home you love.

Continue Reading 1 min read
HomeEquity Bank commercial still of Kurt Browning sitting on a bench
Kurt Browning

Kurt Browning, a Canadian figure skater and the celebrity spokesperson for HomeEquity Bank returns to tell you more about the CHIP Reverse Mortgage.

Continue Reading 1 min read
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