Applying for your pension early can be very expensive
“Deferral of QPP and CPP payments is the most underused and poorly understood disbursement solution in the country,” says Bonnie-Jeanne MacDonald, Director of Financial Security Research at the University's National Institute on Ageing.
Read MoreReducing mortality risk
“The No. 1 issue [that affects mortality risk] is the presence of chronic illnesses,” Sinha said. “But, if you do survive those and manage to live healthy and not develop things [such as] diabetes or cardiovascular disease, and you luckily don’t get accosted by cancer along the way, then there are other illnesses that are likely to catch up with you over time, such as dementia,” says Dr. Samir Sinha, NIA Director of Health Policy Research.
Read MoreThe best dividend stocks for a retirement portfolio
A recent survey conducted by Ipsos for Ryerson University’s National Institute on Ageing and HomeEquity Bank revealed that many Canadians are nervous about their retirement prospects. That survey saw 75% of respondents nearing or in early retirement say that the COVID-19 pandemic had them more concerned about their family’s financial security and well-being. A previous survey conducted by Ipsos revealed that nearly a quarter of respondents were delaying retirement due to the pandemic. Today, I want to look at the best dividend stocks to hold in a retirement portfolio right now.
Read MoreUnvaxxed loved ones? How to handle tense family gatherings over the holidays
The holiday season is just a month away, and unlike last year when gatherings meant video calls and quiet celebrations with household members, this year promises to be a little less muted. The National Institute on Ageing has a COVID-19 Visit Risk calculator online that can help people assess how safe a visit or gathering will be.
Read MoreWith fewer outbreaks, some Saskatoon care homes loosening visitor restrictions
According to the National Institute on Ageing at Ryerson University in Toronto, which has been tracking the virus in care homes across the country, there have been 694 cases and 123 deaths in about 164 long-term care homes in the province since the beginning of the pandemic.
Read MoreWorried about running out of money in retirement? A new type of pension plan may soon solve that problem
Dr. Bonnie-Jeanne MacDonald, NIA Director of Financial Security Research, hopes government will move quickly on the necessary regulatory changes and that Canada’s first stand-alone DP pools will be introduced in a year or so.
“It’s a way to democratize pensions,” she said. “To make a lifetime income available to any Canadian who wants to have one.”
Amid soaring prices, retired Canadians are staying in their homes: ‘This is a wake-up call for all of us’
Ninety-six per cent of Ontario seniors over age 55 currently plan to remain in their own homes for as long as possible. The reasons are clear. Many have watched with panic as long-term care residents bore the brunt of the pandemic, with thousands dying and many forced to isolate for months. “The pandemic has created an opportunity to rethink a number of different approaches to aging,” says Dr. Samir Sinha, Director of Health Policy Research at the National Institute on Ageing. “They’re thinking: ‘I don’t want to be one of those statistics on the news.’”
Read MoreCare as we age: Transforming long-term care
In this episode, Dr. Samir Sinha talks about long-term care and how we can better support individuals as they age. Cracks in the long-term care system in Canada were visible long before the pandemic. COVID just further amplified the failures in a system meant to support and care for the most vulnerable. The question is: Will this finally be the impetus need for real change to happen? And if so, what will it look like and how do we get there?
Read MorePeter Chow: No Monoclonal Antibodies in Sault Ontario – But We Have Fluvoxamine
“When we’re hearing about some individuals who are dying who happen to have been fully vaccinated, it starts creating doubt in the minds of others about whether the vaccine is even worth it at all,” said Dr. Samir Sinha, NIA Director of Health Policy Research at the NIA.
Read MoreAgeism is discrimination too: 3 important takeaways from Generous Futures — Addressing Ageism
The season 2 premiere Addressing Ageism highlights how charitable giving is carving new pathways for seniors. The panel, moderated by Michael Nicin, Executive Director, National Institute on Ageing features experts in the field, Dr. Samir Sinha, Mitch Frazer, Chameli Naraine, and Delores Lawrence.
Read MoreProvinces’ top doctors reject COVID booster shots for all, for now
Dr.Samir Sinha, the Director of Health Policy Research at NIA, told QP Briefing that the science shows a booster shot is a "likely necessity," particularly among more vulnerable groups. The question to Sinha is more about when to deploy the booster shot, and which populations to prioritize. "How do we equitably distribute booster shots?" he asked, identifying what he saw as a critical question on the issue. He identified the British Columbia case study as a good one, in which seniors, front-line health-care workers and Indigenous people are prioritized for booster shots. These groups were also among the first to have access to the initial vaccine, making the timing gap suitable for them to have their booster shots soon.
Read MoreAgeing and thriving in the 21st century
An Ontario study by the National Institute on Ageing found that, at minimum, 8% of newly admitted long-term care residents could have avoided admission with the right home-based supports. As well, too may seniors then get bounced around from facility to facility, especially if they ‘break the rules’, or are in and out of hospital, factors which accelerate decline.
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