More Canadians are carrying their mortgages into old age, and it’s complicating retirement plans

More retirement-age Canadians are still paying off a mortgage, and financial advisers say rising interest rates will make it even more challenging for Canadians to pay off their home before they retire. The number of people older than 65 with an outstanding mortgage in their residence increased from 1.2 million to 1.5 million between 2016 … Read more

Aged care food quality has ‘room for improvement’, as advocates question the $10-per-day supplement funding model

Scott Jones is curious about just how much money and effort goes into the meals made for his father, who lives in a Hobart-based aged care facility. Key points: Aged care providers get an additional $10 per day per resident to improve food quality But advocates say they’re concerned about where the money is being … Read more

Younger Singaporeans expect to retire earlier and ‘in style’ with S$6,000 monthly expenses, but worry they can’t afford it: OCBC report

SINGAPORE — A majority of young Singaporeans in their 20s worry that they cannot afford housing and retirement, but some of them are aiming for a retirement lifestyle that would cost almost S$6,000 a month. This was a finding from a recent study done by OCBC bank. Its Financial Wellness Index 2022, published on Tuesday … Read more