The “Big Five” Canadian banks offer investment funds and include Royal Bank of Canada, Toronto Dominion Bank (TD Canada Trust), Bank of Nova Scotia, Bank of Montreal and Canadian Imperial Bank of Commerce (CIBC). Let’s explore the best place for you to invest.
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Financial literacy for seniors
– moneysense.ca
Age has long been associated with wisdom. And while scientific studies offer conflicting results about the correlation between aging and wisdom, we all know people older than us who seem to have all the right answers—as well as some who start to show signs of cognitive impairment as they age.
My mother suffered from a rare form of dementia called primary progressive aphasia prior to her death. Before her diagnosis, she always seemed to have the right answers. Her neurologist once told us that the fluid intelligence used in problem solving peaks around age 20, and I remember being disappointed that even I am already 20 years past my prime.
Even though it impacts people differently, cognitive impairment is a fact of life as we age. This is one of the reasons the Canadian Securities Administrators (CSA) wants advisors to take reasonable steps to obtain contact information for a trusted contact person (TCP) for clients. Unlike a Power of Attorney, who may take over financial decisions for someone who has been deemed to have lost capacity to make those decisions, a TCP is a precautionary role…
My mother suffered from a rare form of dementia called primary progressive aphasia prior to her death. Before her diagnosis, she always seemed to have the right answers. Her neurologist once told us that the fluid intelligence used in problem solving peaks around age 20, and I remember being disappointed that even I am already 20 years past my prime.
Even though it impacts people differently, cognitive impairment is a fact of life as we age. This is one of the reasons the Canadian Securities Administrators (CSA) wants advisors to take reasonable steps to obtain contact information for a trusted contact person (TCP) for clients. Unlike a Power of Attorney, who may take over financial decisions for someone who has been deemed to have lost capacity to make those decisions, a TCP is a precautionary role…
