Designing My OK

03/26/2014

Designing My OK | LinkedIn

Have you visited our new Linked In Page?? http://www.linkedin.com/company/designing-my-ok

LinkedIn strengthens and extends your existing network of trusted contacts. LinkedIn is a networking tool that helps you discover inside connections to recommended job candidates, industry experts and business partners.

10/02/2013

Designing My OK - The Fatal Flaw in Most Retirement Plans

The Fatal Flaw in Most Retirement Plans - not considering longevity http://designingmyok.com/2013/10/the-fatal-flaw-in-most-retirement-plans/

10/30/2012

Relationships And Retirement Planning

Retirement Planning & Relationships: http://www.sfgate.com/business/investopedia/article/Relationships-And-Retirement-Planning-3990392.php

[...] it's very important that couples are open to discussing their debts, credit history, income and budgets with each other when considering undertaking a long-term relationship that requires living together and sharing expenses. Should they purchase a residence together, it might be wise for the...

10/04/2012

Spending the next few days preparing to speak at the Halton CARP Chapter meetings in Milton on October 10th and in Burlington on October 23rd. Come out and join us!

10/03/2012

Designing My OK - Someone beat me to the punch!

Someone beat me to the punch, and wrote the book I wanted to write on Retirement Income Planning: http://designingmyok.com/2012/10/someone-beat-me-to-the-punch/

06/21/2012

What retirement style do you want? | Personal Finance | Financial Post

Daryl Diamond talks about retirement styles and which works best for you!

Don't assume your expenses will drop just because you are retired, in the early years many people report spending even more

06/21/2012

Detailed plan helps you manage retirement risks

http://www.thestarphoenix.com/business/Detailed+plan+helps+manage+retirement+risks/6773175/story.html

A decade ago, I wouldn't have advised to plan for 35 years in retirement - but things sure have changed.

05/31/2012

He Wants to Retire…but She Doesn't

Spouses differ vastly on topic of retirement
http://online.wsj.com/article/SB10001424052970204571404577255662010466038.html?link=SM_ret_rp_res

One of the toughest parts of retirement is deciding when the time is right. The days when a husband automatically retires at 65 with a corporate pension and his wife dutifully follows him to a golf course in Florida are officially over. A majority of women approaching retirement age are now working,...

05/30/2012

Financial ground shifts beneath would-be retirees

http://www.theglobeandmail.com/report-on-business/financial-ground-shifts-beneath-would-be-retirees/article2441564/

Investing has become more complex, retirement funds must last longer and Canadians in their 30s are just trying to pay the bills

05/23/2012

The Right Way to Try to Buy Happiness

Money can't buy Happiness: http://bucks.blogs.nytimes.com/2012/05/21/the-right-way-to-try-to-buy-happiness/

By using money to create memories with your family, build things with your hands or even sleep more, you stand a pretty good chance of being happier.

05/16/2012

How to Talk About Money With Your Spouse

It helps to manage expectations in retirement: http://bucks.blogs.nytimes.com/2012/05/14/how-to-talk-about-money-with-your-spouse/

There is often a radical mismatch between two spouses' financial expectations that doesn't emerge until years into a marriage or partnership. Don't be that couple.

04/27/2012

Behavior Gap: Plans Are Worthless

Excellent blog post from Carl Richards on how plans are worthless, but the process of panning is invaluable. http://us2.campaign-archive1.com/?u=23ce2ac179e8158f7583c4e3f&id=07fe6af355&e=c026dfb4dd

04/26/2012

Caregivers can do much to help elderly manage their money | Estate Planning | Personal Finance | Fin

Caregivers can do a lot to help the elderly manage their money: natpo.st/HnEA8p

By Terry McBride/Postmedia News When Mom turned 80, she began to rely on her daughter Donna for help in managing her finances. Here are a few things that Donna did to help her mother. DIRECT DEPOSIT When Donna saw Mom was forgetting to deposit government pension cheques, she asked Service Canada and...

02/23/2012

Retirement Wish List: Study Identifies Features Baby Boomers Want Most

Quality Health & Afforadble Housing top the list of what want

Post 50s planning for retirement are seeking a haven that offers everything from quality health care to affordable housing, low taxes to recreational and cultural activities, according to an extensive survey released this month by the Consumer Federation of the Southeast. It's the group's first majo...

01/30/2012

Designing My OK - Why do we hate planning for our future?

Our latest blog post addresses a very important question: Why do we hate planning for the future? http://designingmyok.com/2012/01/why-do-we-hate-planning-for-our-future/

01/04/2012

2012 Retirees Should Consider How They'll Spend Their Time, Not Just Their Savings | Moneyland | TIM

Retirees should consider how they spend their time, and not just their money: http://moneyland.time.com/2012/01/03/retiring-this-year-plan-your-time-not-just-your-money/

If you’re planning to retire this year, you should start putting your finances in order now. That’s a given. But retirement isn’t just about money. It’s about how you will spend your time. So you might also start thinking hard about what you’ll do next.

12/12/2011

Older women lead pack in job gains

Employment Levels surge among older women: http://www.theglobeandmail.com/report-on-business/economy/jobs/older-women-lead-pack-in-job-gains/article2267578/

New figures show virtually all increases since recession have been among workers 55 or older, particularly women

12/07/2011

The Great Retirement Rethink

Retirement is changing... are you?

Retirement was once such a tidy thing. You worked, you saved, you retired. Not anymore. As an affluent investor in a new study by Hearts & Wallets puts it: “I don’t think retirement is the buzzword it once was. ‘Okay, yeah right, retirement. Okay, yeah right, I’ll win the lottery.’ It just doesn’t h...

10/28/2011

Boomers should mind their taxes: BMO study | Advisor.ca

OAS Clawback can kill your

Baby boomers who fail to implement a long-term financial plan early in their retirement years are at risk of having their government benefits and credits clawed back, warns the BMO Retirement Institute.

10/24/2011

For CARP Mississauga Members: Current High Score on the Retirement Tax Game: 833,749!
Register and Play at: www.retirementtaxgame.com

10/13/2011

Canadians risk outliving their savings | Advisor.ca

Great article which reinforces the work of Designing My OK

We frequently hear that Canadians are unsure how much to save for retirement. But a new study by Edward Jones reveals clients may be equally clueless about how much they can spend in retirement.

09/16/2011

The Case for Downsizing Your Home

We'll all have to do it at some point - Downsizing in Retirement: http://www.smartmoney.com/retirement/planning/the-case-for-downsizing-your-home-1316021136557/

A lot of boomers want to wait til the housing market improves before downsizing, but the savings of a smaller home make long-term sense.

08/24/2011

Smaller cities buttering up baby boomers

Looking for somewhere to settle down in retirement? http://www.theglobeandmail.com/report-on-business/industry-news/property-report/smaller-cities-buttering-up-baby-boomers/article2137753/

Down-on-their-luck towns look for economic salvation in wealthy retirees tired of living in big expensive houses

08/18/2011

Why Freedom 55 may really be Freedom 70

Living longer may mean retiring later

A study of Canada’s labour force projects that in 20 years, there will be just three active workers for every retiree.

08/03/2011

Sandwiched boomers must work longer | Advisor.ca

Sandwich Generation is more real than ever!

Advisor.ca is a go-to resource for Canadian retail financial advisors, covering news about financial markets, insurance, investments, practice management, and tax and estate planning needs.

07/26/2011

Another looming threat to the Boomers’ Retirement: dementia | Wealthy Boomer | Financial Post

Something else to consider in retirement: http://opinion.financialpost.com/2011/07/26/another-looming-threat-to-the-boomers-retirement-dementia/

Three oft-cited risks to retirement are outliving your money, inflation and rising health care costs. But baby boomers approaching the holy grail of Retirement may not have considered the cognitive loss that accompanies aging. A BMO Retirement Institute report issued Tuesday notes that with rising l

07/21/2011

Designing My OK - Cut to the Chase to Suceed in Retirement

The smallest, yet most meaningful, actions can lead to sucess in your retirement

Have you ever noticed that by choosing a small number of the right activities you can usually achieve the outcome you are looking for in less time, with less energy and with greater predictability?

07/11/2011

Setting the stage for an encore | CanadianBusiness.com

Retirement reimagined - excellent article.

Don't want to spend your golden years on the golf course? Here's how to keep working past 65.

07/08/2011

One in three retirees spending more than they expected | Wealthy Boomer | Financial Post

Interesting article from the Financial Post.

Almost a third (31%) of Canadian retirees are spending more than they expected, a TD Waterhouse survey finds, although the majority (57%) say they did accurately predict their probable retirement expenses. Most of these unanticipated outlays were for everyday living expenses (in 77% of cases) but cl

07/04/2011

Designing My OK - Introduction

What do we do at Designing My OK? Good Question...

Vimeo is a respectful community of creative people who are passionate about sharing the videos they make. Use Vimeo if you want the best tools and highest quality video in the universe.

06/28/2011

Why renting can be the right choice for aging boomers

Can't decide between renting or home ownership in retirement? http://www.theglobeandmail.com/news/politics/budget/personal-finance/why-renting-can-be-the-right-choice-for-aging-boomers/article2077874/

Selling your home could strengthen your golden years if the proceeds are invested rather than used to buy new accommodations

06/27/2011

Can't act their age: Baby boomers redefined stages of their lives and pending golden years

This is very true... baby boomers are completely redefining retirement!

Certified financial planner William Zalewski, 52, rediscovered a passion for music a decade ago and helped form a Beatles tribute band that provides joy away from his desk job.

06/24/2011

Retirement Concerns? Ask Those Who Know from Experience « Zoomer Magazine | Canada's Boomer Lifesty

Very interesting article. Consider your health, happiness and finances in retirement

Read ZoomerMag: lifestyle magazine for 45plus Canadian Zoomers -boomers with zip- for engaging articles from health to finance, politics to style, entertainment to family, fashion to food & beauty to s*x

06/23/2011

How to get a leg up on summer child-care expenses

How to get a leg up on Child Care Expenses: http://www.theglobeandmail.com/globe-investor/personal-finance/tax-matters/how-to-get-a-leg-up-on-summer-child-care-expenses/article2071494/

The rules should be simple enough for your kids to understand. Unfortunately, that’s not the case

06/23/2011

Boomers remain shaken by 2008 rout | Advisor.ca

Very interesting article about investors losing their risk tolerance

Advisor.ca is a go-to resource for Canadian retail financial advisors, covering news about financial markets, insurance, investments, practice management, and tax and estate planning needs.

06/17/2011

6 Bulletproof Ways to Cut Your Budget | Wise Bread

Excellent reference for cutting your budget and saving money!

These easy budget-slashing techniques will help you save more and happily live below your means.

06/17/2011

8 Personal Finance Basics to Tackle NOW | Wise Bread

Excellent Article regarding basic things you can do for your finances. Check it out.

We spend a lot of time reading, but how often do we take action based on the advice we read? Here are personal finance basics you should be sure to act on.

05/30/2011

Falling seniors: A preventable problem, a ‘huge health burden’

Deadly, put preventable health risk for seniors: http://bit.ly/mr6g04

Falls rob seniors of their mobility, their health and their lives. But strategies to deal with the problem, such as education and prevention programs, are coming up short, leading to a major strain on the health-care system

05/25/2011

Why is retirement so hard for Baby Boomers? - Moneyville.ca

Very Interesting Article about the differences in retirement for Boomers.

In a book excerpt, Winnipeg retirement expert Daryl Diamond looks at why Baby Boomers find retirement much tougher than their parents.

05/06/2011

Designing My OK - Taking Charge of Your Health

New Blog Post: Taking Charge of Your Health http://designingmyok.com/2011/05/taking-charge-of-your-health/

By age 85, an individual has a 50% chance of developing Alzheimer’s disease. It’s a matter of a flipping a coin. Chances are if you don’t have Alzheimer’s, you will be caring for someone who does.