The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.
Hello retirement, adios Canada
Here’s a primer on moving overseas for your retirement. You might just find the cost of living is lower, and the weather quite a bit better.
Scammer 1, Bank 0
CBC reports on this case of a man whose bank transferred $87,555 in his account to scammers. The bank has reimbursed this customer, with interest.
Moving mom and dad
Lee Anne Davies, a specialist in senior’s issues related to personal finance, recently wrote a series on her blog to help families deal with the job of helping older adults move out of the family home. This is the third of three posts on the reasons why seniors resist this move. You’ll find links to the earlier two posts at the bottom.
The rising cost of mortgage insurance
A mortgage broker explains the impact of a small rise in the cost of mortgage insurance, which all buyers must purchase if they buy a house with a downpayment of less that 20 per cent.