Your financial situation refers to the position a person is in with respect to their expenses, savings, and income when they assess their wishes, necessities, and aspirations.
Tips & Links
- Learn about financial planning for seniors from the Canadian government. Consider your sources of retirement income such as savings, pensions, benefits, and tax deductions. Plan for your costs of living including housing, nutrition, transportation, and health care costs.
- The government of BC offers a variety of financial planning teaching pamphlets in English and French on many aspects of financial planning for seniors.
- Learn about how seniors are often targeted for fraud. As a senior, you may be the target of criminals by phone, email and even at your front door. Talk to your family/ friends about how to secure your money and banking from fraud. For example, do you have a limit on your bank withdrawals that triggers a call to your power of attorney or a family member if there is unusual activity in your account?
- Check out the Canadian Benefits Finder tool to help you determine what publicly-funded benefits you might be entitled too.
- Learn about programs and supports for senior in financial planning from the Office of the Senior’s advocate.
- Complete the activities in the section My Financial Plan. Explore the lists provided in ‘Understanding My Financial Situation’ in your Mywell Health planner.
Tools – Handouts & Videos
Categories: My Financial Plan, Senior
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