Tuesday 19 February 2013

Keep More of Your Money - 7 Tax Saving Tips for Seniors






INCOME SPLIT AND SAVE

Seniors are allowed to split up to half of their eligible pension income with a spouse or common-law partner.Income splitting allows some seniors to enjoy a significant tax reduction. In the situation where the lower-income spouse has very little income, the tax savings are substantial.

 
Get your benefits


Any senior receiving Guaranteed Income Supplement (GIS) through Old Age Security should file on time to ensure their benefits continue uninterrupted.

 
Transfer amounts


If your spouse is unable to completely offset his or her age amount, pension income and disability amount against tax payable, he or she may transfer the unused portion to your return.


Caregiver amount


If you live with your children and you are over 65, they may be able to claim a caregiver
amount for you if your income is less than $18,906.


Foreign pension income


Pensions from foreign countries may be subject to special tax treatment under the terms of a tax treaty.Always check with a tax professional to find out if the pension you receive from a foreign source is taxable in Canada.

 

Split your CPP and save


You may be able to split part of your CPP retirement benefits with your spouse depending on how long you lived together when you were contributing to the plan. This is an advantage if one senior is in a higher tax bracket than the other. However, to do so, you must apply to Human Resources & Social Development Canada using Form ISP-1002.It cannot be done at the time of tax preparation

 

Medical expenses can add up


If you purchase medical insurance for a trip or wintering in another country, it is considered a medical expense. Medical expenses are calculated based on income so the lower income spouse should claim them And if you have to travel to obtain medical treatment that was not available where you live, you may be able to claim the cost  of transportation, meals and accommodation.

Wednesday 13 February 2013

7 Reasons Why Sex is Better After 50...





So, you have heard that sex after 50 sucks. Experts have predicted nothing but a dismal sex drive and decreasing hormones for women who have survived half a century. Hmmm…are you sure they are talking sense? After all, there are plenty of women in their 50's who are kicking up a wild storm and rediscovering their sexuality. What’s stopping you? If you need more persuasion, take a look at these top 7 Reasons Why Sex is Better After 50

 


1.   NO  WORRIES  OF  UNWANTED  PREGNANCY

Let’s face it, half the fun of sex goes out of the window if you spend the days wondering whether you have made a mistake. And heaven forbid if your periods are delayed by a few days. It means countless hours spent on thinking about possible pregnancy and impending abortion. However, post menopause, you don’t have to worry about unwanted pregnancy. It is freedom like never before and the best time to enjoy guilt and worry free sex.

 

2.   FEWER  INTERRUPTIONS

Women in their forties still have to look after their children, make school lunches, help do homework, Etc. However, after 50, you will find your bedroom sessions being less interrupted by demands made by your children since they are more independent now and are probably having a good time somewhere else with their boyfriend/girlfriend.

3.   YOU  ARE  NOT  THE  CLUELESS  BABE  ANY MORE

One of the reasons why sex is better after 50 is because older women know what they want and they know how to get it too. With age, you find yourself getting less inhibited and more aware of your own sexuality. You are more comfortable with who you are, instead of obsessing about who you would like to be. This form of self confidence goes a long way in improving sexual performance.

4.   WILLING  TO  COMMUNICATE

Carrying forward from the earlier thought, women who are more comfortable with themselves are also more willing to experiment sexually. And I am not just talking about trying out different positions. Older women are able to communicate their desires to their partners better, thereby actively participating in achieving sexual gratification.

 5.   YOUR  DESIRE  FOR  SEX  MAY  INCREASE

While a lot of experts claim that sexual urge dips in women over 50, that isn’t always true. There is proof that desire can resurge once you stop taking birth control pills. Besides, even if your sexual desire does go south, there are ways to fix that. I am not talking about traditional hormone replacement therapies that use progestin and estrogen to raise hormone levels. Such treatments are not recommended due to risks to the heart. You could inquire about hormone therapies that make use of testosterone, which are considered a safer option.

6.    FINANCIAL  &  PROFESSIONAL  STABILITY

Women in their 50's are no longer in the rat race for higher paying jobs or a position with perks. By now, you have achieved financial & professional stability, probably have a decent amount saved for retirement, and settled your mortgages. You are able to afford the tiny luxuries you have denied yourself so long such as sexy lingerie, romantic getaways, and intimate dinners. You can well imagine how that can be a reason why sex is better after 50.

 

7.   LOWER  STRESS  LEVELS

Not to say that women in their 50's are stress-free, but with children grown up and independent, stability on the professional front and security on the financial side, you are less stressed than when you were in your twenties, thirties or forties. With fewer worries on your mind, your sexual desire is bound to go up.
I told you there are plenty of Reasons why Sex is better after 50! What are you going to do to re-ignite the spark?

Monday 4 February 2013

Nine Things To Do Once Maybe Twice When You're Over 50!




·                               You know all those little things you told yourself you couldn’t do when you were younger!



                                   1. Learn to speak a foreign language, at least a little
·                                   
2. Fall in love with a younger man or an older women
·                                  
3. Learn to sing a new song and perform it in front of someone
·                                 
4.Write a play, a novel. Write letters to all your loved ones
·                                 
5.Get in better shape then you were at 30.
·                                
 6. Tell the truth, every day. If nothing else, it will catch people off guard
·                                
 7. Commit to memory this phrase “I’d love to, but I can’t” Do not elaborate
·                               
  8. Purge: Sell or give away any items in your home you have never used once! Do it before your family learns the definition of the word “hoarder”    
                           
9. Travel out of your comfort zone (Shanghai, anyone?)
·                                  
·                                 Go ahead and try what are you waiting for??