Bankruptcy Questions Archives - Page 6 of 85

Senior’s Planning For The Future

Posted on June 2, 2017April 12, 2016 by Jordan Rumanek

Senior’s Planning For The Future

Decreasing independence is not something that anyone likes to think about, but needing help making legal and financial decisions can happen at any time and for a wide range of reasons. If you’re a senior citizen, you should begin planning ahead for your future. If you get ill, have an accident or even if you are just away for a period of time, having someone you trust who is ready and able to help you can save time and trouble.

In other words, plan ahead, appoint a power of attorney and sign a power of attorney document. This is a legal document in which you name one or more people to be your attorney (decision-maker) to manage your financial affairs.

This is an important plan because you need someone you can trust to look after your affairs if you can no longer look after them yourself.

Contact Rumanek & Company Ltd. for more information on bankruptcy and debt solutions. Or please fill out the free bankruptcy evaluation form. To learn more please visit our YouTube Channel. Rumanek & Company have been helping individuals and families overcome debt for more than 25 years.

Older Canadians & Financial Abuse

Posted on May 26, 2017April 12, 2016 by Jordan Rumanek

Older Canadians & Financial Abuse

Taking precautions to avoid scams and frauds is another way to protect your assets against financial abuse. Hustlers are constantly coming up with new scams to deceive elderly people. It is important to never respond to e-mail, phone or door-to-door offers from people or groups you do not know. Most often, if an offer seems too good to be true, one can assume it is. Protect your personal information–reputable organizations will not e-mail, write or call and ask you to confirm information about your bank account or financial affairs. Financial abuse is illegal and/or unauthorized use of your money or property, or pressure on you for use of your money or property.

Unfortunately and sadly, abusers are often people in positions of power in your life, such as a family member, caregiver or someone you live with. If you think you may be the victim of financial abuse, a fraud or a scam, do not feel ashamed and you are not at fault–many people are in the same situation and it is important you do not stay silent. Tell someone you trust about what is going on and how you are being treated and take precautions. If you do not feel you can trust anyone or do not feel comfortable talking to someone you know, you can report financial abuse and/or fraud to the police.

Older Canadians & Financial Services

Posted on May 19, 2017April 12, 2016 by Jordan Rumanek

Older Canadians & Financial Services

The federal government has several benefit programs for individuals over 65 who have lived in Canada for over 10 years. However, you must apply for Old Age Security (OAS), Guaranteed Income Supplement (GIS), Spouse’s Allowance, Canada’s Pension Plan (CPP) and other federal programs. You will not receive them automatically! Because many programs use your income tax return to decide if you are eligible, you should file a tax return by April 30 each year. This will also allow you to claim a GST rebate and other refundable tax credits. Remember to notify Service Canada if anything changes in your life. For example, if you are receiving OAS, GIS, the Allowance or CPP and you move or your situation changes, for example, if your spouse passes away.

Quit Gambling For Your Health and Happiness

Posted on April 28, 2017June 20, 2023 by Jordan Rumanek

Prioritize Your Health and Happiness: Quit Gambling Today

Now is the time to prioritise your health and happiness by quitting gambling. The digital era has exponentially increased the avenues for gambling, leading to a significant rise in problem gambling. Gambling often leads to a solitary and pleasureless existence, enveloped by anxiety, dread, panic, and both mental and physical distress. The misconception that gambling provides a form of enjoyment is misleading—gambling is not a savior, it is the source of suffering. Studies show that divorce rates among problem gamblers are twice as high, and the suicide rate is twenty times higher. Continued gambling alters the brain’s chemical balance, preventing us from deriving joy from regular everyday experiences, creating only an illusion of euphoria.

Do not fall for the idea that gambling is a well-earned reward after a hard day’s work. This notion that it offers true pleasure is flawed. Identify the trap and consider more valuable uses for your money. Addiction leads us into a cyclical trap, causing us to seek relief from the very source that induces our stress. No gambler truly maintains control or exhibits genuine happiness or enjoyment. Life as a non-gambler is considerably more fulfilling.

In conclusion, there are countless reasons to quit gambling, but the most crucial include: increased self-esteem, the ability to enjoy authentic pleasures again, enhanced stress coping skills, boosted confidence, and improved financial stability.

Category: Bankruptcy Questions

Senior’s Planning For The Future

Senior’s Planning For The Future

Older Canadians & Financial Abuse

Older Canadians & Financial Abuse

Older Canadians & Financial Services

Older Canadians & Financial Services

Quit Gambling For Your Health and Happiness

Prioritize Your Health and Happiness: Quit Gambling Today

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