Kelowna Retirement Homes

Management

Caretenders Retirement Living

Caretenders Retirement Living was established in 1988 and since that time it has established a successful track record of developing and operating some thirteen retirement communities, primarily in British Columbia, Ontario, and Arizona. Currently, in addition to The Highlands, we operate two residences in Ontario and our newest building, Heaton Place, in Armstrong, B.C.

Caretenders' philosophy is to break away from the cookie-cutter molds of the big retirement home companies and instead offer residents of our facilities something unique. As is true of The Highlands, each of our buildings are specifically tailored to their surroundings to reflect the heart of the greater community; from the style of our building, to our landscaping, services, staff and menu, every aspect of a Caretenders' facility is perfectly adapted to the general feel of the surrounding community so that residents feel like they never left their own home.

In the future, Caretenders will be bringing this philosophy to all their new projects, and are specifically targeting smaller communities so that seniors have the opportunity to stay close to home as their needs change. This makes the transition to independent living much easier as they remain close to their family and friends, and can continue to be active in community groups that they make up such a significant portion of.

By keeping the valuable spirit of seniors close to home, Caretenders is not only caring for the communities within their buildings, but for communities across North America.

To ensure a sufficient and secure retirement

There is no magic formula for retirement. I mean if someone won the lottery a couple months before they retired, I think they can look forward to quite a fancy retirement. Then again, if a person’s entire stock portfolio plummeted a few months before retirement, they probably won’t have a happy retirement. This illustrates that there is no surefire way to retirement galore, but there are a few steps one can take to ensure a sufficient and secure retirement. I learned most of these principles from my school’s finance class. First, people need to understand that wealth building takes time. It’s not an overnight process. Second, you need to give in order to get. Don’t expect your one-time $1000 contribution to turn into $1 million. Sure, over time your money will grow, but you need to keep contributing to your plan to ensure steady growth. Third, everyone should take advantage of the company match. This is free money; you will almost never get a hundred percent return on investment. Take advantage of this. Fourth, compound interest is your best friend. Give compound interest a lot of time, and it will multiply your money. Using these ideas, I have decided to start investing in a diverse array of mutual funds this summer. I’m going to balance my funds between aggressive growth stocks and mid-cap stocks for now. Later, I may move to lower-risk funds. 



The biggest mistake most people make in retirement planning is thinking that they will live only on Social Security. I have learned that Social Security is almost never enough to live on. People need to truly understand how much Social Security will help them, and then they must plan accordingly. Otherwise, they will have a tough time during retirement. Another common mistake made by people is making bad investments in the hopes of making a giant profit. It is true that as risk increases, profit potential increases too. However, that also means that you can lose a lot of money. I have learned that before making an investment, it is important for me to understand exactly where I am putting my money and the risk associated with it. Being uninformed is a foolish mistake that is definitely preventable with a little planning ahead.



In conclusion, I think that all people will benefit from taking a good personal finance course and learning how to save and invest wisely. With a little research and wisdom, anyone can make good decisions for their retirement plan. Lets always remember three important ideas: start early, be patient, and do your research. Once a person has learned these important facts, they can create a strong retirement plan for themselves. I think everyone has the right to a cheerful retirement. I believe that it is definitely achievable as long as we are willing to save money, be proactive, and do our homework.