The Bentley is hosting the community. Four information sessions, hosted at the retirement community, will focus on a variety of different topics, which will be of interest to a wide segment of the city.
The second of these information sessions involved financial planning. Laurie Renton from LR Futures spoke to the room about financial planning and what they can do to save money. The presentations were focused on issues that seniors would encounter聽 when saving money.聽 She focused on issues like social security clawbacks, and how to avoid losing that money while having investments.
鈥淪o many people, if they鈥檙e going to be clawed back, they鈥檙e almost better off to have their money deferred, so they don鈥檛 get clawed back.鈥�
Seniors also face issues with health, and Renton emphasized the importance of things like insurance, because she notes that wealth means nothing if you don鈥檛 have the health to enjoy it.
Another issue touched on was succession planning. She encouraged people to give back to the community, because they could support things that are 鈥渘ear and dear to their heart鈥� while also using the tax deduction and still giving their heirs a decent inheritance.
鈥淚t creates a decent tax break and the heirs get most of the money anyway, and it leaves a legacy. That鈥檚 important to me.鈥�
Renton knows that for a lot of people, money causes a lot of stress, and she understands that people go for safer investment options because they are more reassuring. She wants to let people know those are options as well.
鈥淵ou still need your money to grow for you, so you just look at different alternatives.鈥�
The next session is on Mar. 29 at 2:00 p.m., with Stacy Neufeld from Re/Max giving advice on selling homes in the spring. The final session will be Apr. 11 will be a session on home care, again at 2:00. All sessions are open to the public and free to attend.
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