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CHIP Reverse Mortgage: Resources to Help You Make the Right Decision

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Retirement Planning

Older African couple looking at tablet together

However, the downside of retirement freedom is having to rely on a fixed income. If that income is inadequate, the retirement dream can soon turn into a nightmare. A national survey of Canadians aged 60-plus found that almost half of them have at least one financial concern.

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One of the top tips to get out of debt is to know exactly how much you earn and spend and then make a budget. This all starts with going through your bank account to work out how much you spend on everything, including essentials, variables and discretionary spending.

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An older couple sitting with a person taking their information on a clipboard

However, many people aren’t aware of some of the TFSA rules. We often hear people ask, “How much can you contribute to a TFSA, what is my TFSA limit and what is TFSA eligibility?” This article will answer all of those questions and look at ways that a TFSA can benefit retirees.

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How it Works?

How Reverse Mortgages Work

If you're like many other 55+ Canadians, much of what you own fits into two categories - the equity in your home ...

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Reverse Mortgage Videos

Reverse Mortgage Videos

Watch these videos from HomeEquity Bank and learn more about CHIP Reverse Mortgage

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