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Module 4 Borrowing Money in Seniors Years

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There may be times that your “nest egg” and your income sources may not be enough to satisfy your wants and needs as a senior in Canada.

You may need to consider options to borrow money to achieve either short-, or longer-term objectives that you have. In this module, we will cover the following topics:

  • Why Seniors Get Into Debt
  • Taking Stock of the Need
  • Your Borrowing Capacity
  • Your Borrowing Psyche
  • How You Will Finance Debt
  • Knowing The Score – Your Credit Score
  • Making Your Decision About Debt
  • How Secure Is Your Debt Repayment Plan?
  • How An Outstanding Debt Impacts Your Estate
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Module 5Transportation and Travel

Your ability to go from point A to point B – either in your community or across the country – is part of your continued independence as a senior in Canada. You need to think about the impact of any journey – to the local market, or to a tourist destination halfway around the world […]

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Module 6Accommodation and Lifestyle

For most seniors the aging process involves changes in our physical, emotional, spiritual, and cognitive condition that may affect our safety, security and financial situation. In this module, we will cover the following topics: Downsizing The Principal Residence Exemption Moving To the Country. . .or the City Living On Your Own Financial Help – Tax […]

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