All posts by Financial Independence Hub

Retirement as a Board Game

img_8015by Mark Venning, ChangeRangers.com

Special to the Financial Independence Hub

At the risk of being too serious over a Labour Day long weekend, I decided to lay out some ideas for future blog posts. In the process, I found my way back to my newly refiled library of articles and reports related to a multitude of topics under the theme of aging and longevity.

This is one of my instinctive ways to begin thinking of the future: appreciate the threads of history and see how far we have come along on a particular subject.

Well, as it happens, when it comes to the subject of “Retirement,” maybe not that far. In some ways, the vocabulary associated with this concept still rests in the same dictionary from thirty years ago in the mid-1980’s to early 90’s. During that period in my retail career, I was setting up exhibits at Seniors consumer shows in Toronto, featuring travel-related products to a 55-plus market (which seemed to be the entry level, as I recall).

If you made the circuit up and down the aisles, you could satisfy all your “lifestyle” needs, from the Craftmatic bed (still going strong), to golf-oriented retirement resorts and back support systems. Twice in the day, you could sit in on a retirement planning seminar, featuring the top ten tips to finding financial security, before you returned to see the rest of the show, from RV sales to cremation services and vacation cruises.

Targeting the Seniors market

Fast forward to 1994, I found myself interviewing for, among other things, marketing positions that targeted this same Seniors market. None of that materialized, but I do recall one interview with the Canadian Snowbird Association in Toronto, where I was given a research project and as part of the process, make a business case to prove I really wanted to work with them. Everybody should be so lucky to be asked to do this. Excellent experience as it turns out.

One of the items the director tossed at me as I was leaving that first meeting was a twenty-page set of US and Canadian articles on the organization. Two main shout-out advocacy points for traveling seniors (notably the “over 65 age group”) were their “threatened” out of country medical coverage, and government clawbacks in health spending. Reading this now, by most press accounts this sounded militant back in 1993.

Thorny after all these years?

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Retirement Planning for Small Business

Portrait of retired manual worker sittiing in his small workshop in front of laptop and making online order. Small business.By Cher Zevala 

Special to the Financial Independence Hub

Small business owners typically spend their days juggling a huge variety of tasks, whether they have a team around to help them or not. From managing accounts and serving customers to handling marketing and sales and developing new products or services, there are many priorities which compete for attention. As a result, it can be tough for entrepreneurs to find the time and the energy to think about their future, particularly when it comes to retirement savings.

However, that doesn’t mean that it should keep being put off until later. If you own your own business, it’s important that you don’t end up at retirement age without enough savings to see you through. If you need to take care of your future, read on for some steps you can follow today to tackle retirement planning.

Know Your Goals

When it comes to retirement for small business owners, one of the first things entrepreneurs should think about is their long-term goals. Whether you want to retire in ultimate style one day or just want a basic amount of cashflow to see out your days with a simple life, it’s  important to be  clear on what your exact goals are for the future.

Apart from working out how much money you will need to retire in the manner you wish, you should also have goals about when you want to retire, and how you want to go about doing so. For example, would you prefer to sell your business, hand it down to a family member, friend, or colleague, or simply close it up when you’re ready to retire? Or perhaps you would prefer to sell just your share of the business to a business partner? Your goals for the future will determine how you prepare for your retirement, so you need to know them well in advance.

Make a Plan

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How the smart home can save you money on energy

Vector concept of smart house or smart home technology system with centralized control of lighting, heating, ventilation and air conditioning, security and video surveillanceBy Dani Nicole

Special to the Financial Independence Hub

You know money doesn’t grow on trees, but did you know your efforts to live a greener lifestyle at home can save you money?

A great way to start is by managing your home’s energy consumption. At Home Improvement Leads, we’re always searching for innovative tech and frugal tips to conserve energy and boost savings. Here are a few of our favourites:

Make Your Home Smarter

We’ve come a long way from the first clunky cell phones. Now, you can control your home’s energy usage from your smartphone. We love innovative tech that makes our home routines more convenient — like smart thermostats. A popular homeowner favorite is the Nest, which actually learns your heating and cooling behaviors and implements an automatic schedule.

frug1You can monitor everything right from your smartphone or tablet, which means you can turn the A/C or heat down when you’re going to be gone for a while, then crank it back up when you’re on your way home.

Smart outlets are great money-savers, too. Plugging appliances and electronics into smart outlets allows you to control everything from an app. Did you leave the iron on at home? No problem. It just takes a few clicks to turn everything off and give you peace of mind. These tech solutions are inexpensive when you think about how much money you can save on your monthly utility bills.

Double Up Your Window Panes

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What Is the Income Factor in U.S. Equities?

blog-see-more-dividendschris_gannatti_crop-bwBy Christopher Gannatti, Associate Director of Research, WisdomTree

Special to the Financial Independence Hub

The factor discussion is gaining popularity in the world of smart beta indexing. Size, value, momentum, minimum volatility, quality—these are all factors in the current discussion, and for the initiated they are becoming part of the common index lexicon.

But are investors really looking for these specific factors by name? We explore how these factors relate to real-world investment goals.

Translating Factors into Investment Goals

Some commonly referenced investment goals are:

• Keeping principal stable for unexpected expenses and emergencies

• Generating a certain average annual return to meet future goals in retirement

• Drawing income in order to meet planned expenses

We focus on income, as WisdomTree was the first to create a suite of U.S. equity Indexes weighted by cash dividends.

Defining the Income Factor

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Super Longevity: The 100-year life in a Blue Zone

 the-100-year-lifeBy Mark Venning, ChangeRangers.com

Special to the Financial Independence Hub

If you accept the global average life expectancy as tabled by the World Health Organization (WHO), which currently rests at 71.4 (all factors calculated), it’s hard to imagine taking any projections fourteen years out to 2030 up to age 80, let alone 100.

There is no denying that the number of centenarians has increased in certain parts of the world, and I’m sure there’s a spot in a Blue Zone I can sell you on moving to, if you can’t begin one in your own back yard.

Canada, at an average life expectancy of 82.2, may not be a designated Blue Zone, but if you like the WHO’s info graphics colours, I’ll take Canada’s dark green – a lush, promising shade for an age of longevity. How fortuitous then, in the green of early July, that I should happen to be reading The 100-Year Life by Lynda Gratton & Andrew Scott, another volume written in the re-think aging category of a contemporary western world.

100-year life

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