Retirees need to be more careful than most, as they account for over half of accident-related hospitalizations. Can accidents be prevented? They certainly can, in fact an estimated 90% of serious injuries are preventable. We take a look at the common causes of home accidents and offer up some fall prevention tips for Canadians at home.
The COVID-19 pandemic is undoubtedly a wake-up call in terms of sound long-term financial and health care planning for both individuals and institutions across Canada. Less than two months into the pandemic, the Canadian Armed Forces (CAF) report made some shocking revelations about certain nursing homes in Ontario.
Amid the grim realities of the ongoing COVID-19 pandemic, it is remarkable to see how these Canadians are embracing technology for a variety of routine activities. Paying bills, ordering food or groceries, socializing through video conferencing platforms, and exploring telehealth services; elderly Canadians are experiencing value, comfort, and safety in numerous virtual activities.
Elder financial abuse involves taking an older person’s money or using their property without permission. This isn’t just about the financial abuse of parents, sadly, many different people are involved in elder financial exploitation. While elder financial abuse by children is one of the more common examples, grandchildren and family friends can also be guilty of it.
There are clear advantages to moving to a retirement or assisted living home where everything is done for you. You’re helped with dressing, cooking, cleaning and bathing. Many of these homes also have a doctor or nurse on site.
We live in the times of COVID-19, a deadly disease that has brought almost the entire global economy to a standstill. Countries across the world have gone into a complete or partial lockdown, with individual provinces and cities also declaring a “State of Emergency”.
Figures are similar in Canada, with 62% of people admitted to the ICU being aged 60-plus. There is no doubt that all Canadians, especially those ages 55+ should be staying home as much as possible, but social distancing can cause other problems.
With most of the world working together to try and contain the coronavirus, it’s hard to believe that some people are using it for their own gain. Fraudsters have been taking advantage of the fear, anxiety and uncertainty that many people are feeling during this crisis.
Why is saving for retirement so important? Government pensions including Canada Pension Plan (CPP) and Old Age Security (OAS), are only designed to provide a small percentage of your retirement funds, so if you have no company pension, a personal retirement fund is essential to guarantee a financially secure retirement.