NEW!! Custom Care Planning Service In response to an increasing number of advisors who are asking about resources for clients with aging parents, we launched our Custom Care Planning Service at the recent LTC Conference in Toronto. How it Works If a client asks for support or information for aging parents, advisors now have a solution. Simply refer clients to our Custom Care Planning Service where they will receive: [...]
Canada Faces Crisis in Caring for Elderly: Researcher May 31, 2009 "Canada will soon face a serious crisis in caring for the elderly unless policy-makers act now to head it off, says a Carleton University researcher. Lifestyle changes combined with an aging population are about to create a serious eldercare crunch in Canada." Since beginning this e-newsletter in 2005, I have written very little about caregiving, [...]
Illogical care decisions are made because we don’t provide the right services at the right time. The unequal rate of the aging of the population across the country creates challenges for provinces to provide a comparable range of services. Some seniors live in isolation or in inappropriate homes because of inadequate housing and transportation. Current income security measures for our poorest seniors are not meeting their [...]
Huge, according to a new US organization called PREP - The Partnership for Retirement Education and Planning (PREP)(www.preppartnership.com). To help Boomers better understand and address the unique financial challenges they'll face in retirement, 11 non-profit financial associations, representing more than 200,000 financial services professionals around the world, have formed this unprecedented collaboration. "Unfortunately, the Boomer generation as a whole has not planned well for what is [...]
Online Resource Centre Designed to Equip Canadians and Their Advisors Seeking Care Solutions The general public is becoming increasingly aware of the pervasive need for long term care planning and education in Canada. Between 2006 and 2026, the number of seniors is projected to increase from 4.3 million to 8.0 million. Likewise, the number of individuals aged 65 to 74 will almost double, from 2.3 million [...]
The percentage of Canada’s gross domestic product (GDP) spent on health services has been constant at about 10% for over 20 years, with about $148 billion - public and private funds combined - spent on health care in 2006. If it were spent equally throughout the year, national health expenditure would be approximately $17 million per hour. Karen's View: Yikes! Why then can't we get a glass of juice or [...]
I was privileged to be able to attend this the Million Dollar Round Table invitation-only event. The purpose of the interactive program: to explore the development of financial solutions to one of the most critical issues facing the financial services profession - the looming retirement crisis for baby boomers worldwide. Baby boomers were born between 1946 and 1964 and the first of them reached 60 last [...]
Karen Henderson in the media More and more financial organizations see the value of educating their advisors about long term care planning, so these professionals can better serve an aging client base. One of these forward-thinking organizations is Mackenzie Financial. As the result of working with Mackenzie at their regional conferences across Canada in 2006, Karen was interviewed for the cover story of the January issue of The Mackenzie [...]
According to experts, women are most vulnerable to retirement insecurity, particularly to financial catastrophe late in life. Reasons: Women live longer then men, and often spend years outside the workforce raising children and caring for parents. Consequently, a divorce and/or a spouse's death can have a more dramatic impact. As one woman wrote to Karen: "I attended your seminar/information night hosted by Sunlife/Clarica. I was there [...]
WASHINGTON, Oct. 20 /PRNewswire/ -- The first of the nation's 78.2 million baby boomers turned 60 this year and an additional 7,900 reach that same milestone every day. With advances in medicine, most boomers can expect to live into their 80s and 90s, but experts warn that more than 95 percent of them are unprepared for eventual long-term care needs associated with living a long life. [...]
By People's Daily Online Some 12.7 percent of senior citizens in Beijing are willing to take out long-term care insurance, but there are just 1.52 beds for every hundred senior citizens, according to a report from the Beijing Municipal Council on October 19. The report shows that there were 2.02 million senior citizens in Beijing at the end of 2005. It is expected that this figure will be [...]
SEI Investments (Nasdaq: SEIC) has launched a revolutionary life and wealth program that will help advisors answer the demands of today's changing wealthy clients. SEI recognizes life-centric advice as one of the primary new demands of the growing wealth marketplace. The SEI Wealth Network was designed around what the company sees as an emerging new "Wealth Code" among the affluent - the intrinsic set of values [...]
