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Personal Banking > Investments > Investment Advice > Living in Retirement > Managing Health and Caregiving Needs

Managing Health and Caregiving Needs

A strong financial position is just one side of the equation when it comes to preparing for a rewarding retirement. Managing your health is just as important – if not more important – if you want to pursue the retirement lifestyle you want.

 

Your health & wealth

Retirement isn’t a one-time event. Rather, it’s a transition into a new phase of life that can last as long as 25 to 30 years or more. To make the most of the years ahead, you need both good health and enough money. Find out how you can manage both.

Retire Well – Take Control of your Health and Wealth (opens PDF in new window)

 

Preparing for a caregiving situation

Although Canadians are living longer, the number of years that are disability-free may be fewer than you had thought. That’s why it’s increasingly important to prepare yourself – and your loved ones – for caregiving situations that may arise in the future.

Visit the Seniors Finance and Caregiving section of the RBC Advice Centre to help you prepare for the health and caregiving needs you may encounter as you, your spouse or other family members age. This series of articles and videos covers topics ranging from preparing yourself for a caregiving situation to making modifications in your home so that you can stay there longer. Get started with the featured videos below.

The importance of planning

Creating a plan that looks after your interests if you were to become physically or mentally incapacitated is a must - which includes making a decision as to who will manage your affairs, both physical and financial if you cannot. This decision should be supported by the appropriate legal documents, such as a power of attorney or mandate (in Quebec).

 
 

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