Couple of things-
Medical expenses (just on intergrated shield plan alone may not be suffice, just refer to the recent hype on claimable cancer treatment etc)
Legagcy / Will Planning
Disability income (statistically occurs to people who are older)
Retirement Planning is essential especially for this group of people. Often this group (baby boomers) dedicated their lives to their family and children providing everything they can for them and often neglect their own retirement needs. Only when it comes close to retirement then they may want to start planning for it. Often the amount needed to secure a comfortable or basic retirement income will be quite a big sum and that turns them off. AND the bad Cycle begins, procastinate, wait, and eventually have little or no retirement stratgey.
Couple of things-
Medical expenses (just on intergrated shield plan alone may not be suffice, just refer to the recent hype on claimable cancer treatment etc)
Legagcy / Will Planning
Disability income (statistically occurs to people who are older)
Retirement Planning is essential especially for this group of people. Often this group (baby boomers) dedicated their lives to their family and children providing everything they can for them and often neglect their own retirement needs. Only when it comes close to retirement then they may want to start planning for it. Often the amount needed to secure a comfortable or basic retirement income will be quite a big sum and that turns them off. AND the bad Cycle begins, procastinate, wait, and eventually have little or no retirement stratgey.