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 when saving money. She focused on issues like social security clawbacks, and how to avoid losing that money while having investments.
“So many people, if they’re going to be clawed back, they’re almost better off to have their money deferred, so they don’t get clawed back.”
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’t 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 “near and dear to their heart” while also using the tax deduction and still giving their heirs a decent inheritance.
“It creates a decent tax break and the heirs get most of the money anyway, and it leaves a legacy. That’s important to me.”
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.
“You still need your money to grow for you, so you just look at different alternatives.”
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.
