Silver and Gold Magazine Summer 2018 | Page 29

HIDDEN CASH – By Suzanne Soto-Davies H e’s related to me, but I can’t tell you who he is because of what I’m about to share. He did very well during his career, and now that he’s retired, he probably has a lot more money than he knows what to do with. He receives three different pensions, from three different countries; his house is paid for, he always carries money around in his wallet – a lot of it. After he suffered a stroke a few years back, he was left with Aphasia – that’s a form of brain damage a person can be left with after a stroke or accident. It makes it difficult for some to understand speech or conversation, and for others it’s challenging to express themselves. He cannot clearly express himself, especially when it comes to money. He will tell you “ten thousand” instead of “ten dollars.” He lives alone, and quite far away from us. He likes it that way, but for us it’s a constant worry – about his health, about his eating habits, and wondering if someone is ripping him off. I’ve read many stories about people hiding money under the mattress, and I always wonder why they wouldn’t trust in putting the money in the bank? (With CDIC –Canada Deposit Insurance Corporation– at least 100,000 of your money is insured, right?) But not him: He keeps money hidden here and there. Through the years publishing Silver & Gold, I’ve met many people who do this too – carry large amounts of cash and hide much of it in their homes... Why is that? Remember when minimum wage was $2.20/hour? Take advantage of today’s prices. Plan your final arrangements now and choose your own budget and monthly terms. Take the first step: Order the Family Registry Estate Planner™ FREE! Dodsworth & Brown Funeral Home Burlington Chapel dbburlington.ca 905-637-5233 Oakview Funeral Home oakviewfuneral.ca 905-842-2252 Arbor Memorial Inc. CLIENT: Arbor Memorial BLEED: None DOCKET: D015216 TYPE SAFETY: 0.3125” all around NAME: D&B-Oakview Timeline Ad COLOUR: 4 Colour Process AD SIZE: 3.625w x 4.75h Mansion tours, walking trails, picnic area, events, bird banding, school programs, facility rentals, and more. Call, email, or visit us online for hours & more information When I published my new WISH Workbook (see inside back cover page), this was one of the areas I was missing on the first edition: Cash. I learned how important it is for people to write down whether or not you have hidden cash, and where it is. Let’s face it, if something happens to you – what happens to your stash of cash? 243 Haldimand Hwy #54, P.O. Box 610 Cayuga, ON, N0A 1E0 (905) 772-0560 [email protected] www.ruthvenpark.ca Hours: Mon-Fri 9-5, Sat & Sun 9:30-5 This man in my life has cash, and we know where he keeps it because he has told us. We also know what he wants to do with it, which is amazing. That’s his cash and it’s up to him to spend it, save it, give it away, donate it. It’s wonderful to age with money, but it’s also important to let others know where it is... Maybe it’s time you considered a WISH Workbook too? • Léony deGraaf Hastings, CFP, EPC Suzanne Soto-Davies is the founder and publisher of Silver and Gold Magazine. She wrote the WISH Workbook after her mother’s aneurysm. To preview or order copies: www.whatifsomethinghappens.ca or through Silver and Gold Magazine. ® ® Certified Financial Planner Retirement & Estate Specialist Burlington’s Senior’s Adviser Who Cares CALL for Your Complimentary Review TODAY 905 905- -632 632- -9900 www.dgfs.ca Silver & Gold Magazine ~ SUMMER 2018 29