{"id":31590,"date":"2026-01-26T11:37:35","date_gmt":"2026-01-26T16:37:35","guid":{"rendered":"https:\/\/www.rbcwealthmanagement.com\/en-ca\/?post_type=rbcwm_wmr&#038;p=31590"},"modified":"2026-01-26T12:09:37","modified_gmt":"2026-01-26T17:09:37","slug":"the-health-and-wealth-connection","status":"publish","type":"rbcwm_wmr","link":"https:\/\/www.rbcwealthmanagement.com\/en-ca\/wmr\/the-health-and-wealth-connection","title":{"rendered":"The health and wealth connection"},"content":{"rendered":"\n<p>As you enter new life stages, you may have new concerns about how you can stay healthy, protect your security, remain independent and help your family. You also may have dreams and hopes about how you\u2019d like to spend your time\u2014from achieving life-long bucket list items, to spending more time with your family. At RBC Dominion Securities, we work to make your dreams a reality by building you a personalized, comprehensive plan to help grow your wealth and health. We can help you address your concerns, so you can focus on living your best and healthiest life as you age.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-protecting-yourself-when-things-start-to-change\"><strong>Protecting yourself when things start to change<\/strong><\/h2>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div class=\"row blockId-4404b78e-2a4e-4666-9222-461270f73ad9\">\n<div class=\"wp-block-rbcwm-column col-lg-4\">\n<figure class=\"wp-block-image aligncenter size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"320\" height=\"320\" src=\"https:\/\/www.rbcwealthmanagement.com\/en-ca\/wp-content\/uploads\/sites\/5\/2025\/09\/WMR-employees-320x320-1-1.jpg\" alt=\"illustration of business woman holding a clipboard, a businessman on a call and a business woman with a bob standing with hands at her sides\" class=\"wp-image-30067\" style=\"object-fit:cover;width:180px;height:180px\" srcset=\"https:\/\/www.rbcwealthmanagement.com\/en-ca\/wp-content\/uploads\/sites\/5\/2025\/09\/WMR-employees-320x320-1-1.jpg 320w, https:\/\/www.rbcwealthmanagement.com\/en-ca\/wp-content\/uploads\/sites\/5\/2025\/09\/WMR-employees-320x320-1-1.jpg?resize=150,150 150w, https:\/\/www.rbcwealthmanagement.com\/en-ca\/wp-content\/uploads\/sites\/5\/2025\/09\/WMR-employees-320x320-1-1.jpg?resize=300,300 300w\" sizes=\"auto, (max-width: 320px) 100vw, 320px\" \/><\/figure>\n<\/div>\n\n\n\n<div class=\"wp-block-rbcwm-column col-lg-8\">\n<p>Health concerns as you age are expected, and it\u2019s important to plan ahead to prepare for the unexpected.<\/p>\n\n\n\n<p>Ensure you have appointed an up-to-date Power of Attorney, who can make financial and\/or health-care decisions that honour your wishes, should you be unable to make those decisions yourself.<\/p>\n\n\n\n<p>Additionally, consider appointing a trusted contact person for your advisor to contact if they are unable to reach you. Unlike a Power of Attorney, they\u2019re not aware of your financial information, have no legal authority over your accounts and cannot make decisions on your behalf. Consider appointing a loved one who is knowledgeable about your personal situation, routines and support network.<\/p>\n\n\n\n<div style=\"height:10px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n<\/div>\n<\/div>\n\n\n\n<p><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-organizing-your-affairs-for-your-family\"><strong>Organizing your affairs for your family<\/strong><\/h2>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div class=\"row blockId-4404b78e-2a4e-4666-9222-461270f73ad9\">\n<div class=\"wp-block-rbcwm-column col-lg-4\">\n<figure class=\"wp-block-image size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"320\" height=\"320\" src=\"https:\/\/www.rbcwealthmanagement.com\/en-ca\/wp-content\/uploads\/sites\/5\/2025\/09\/WMR-caregiver-320x320-1.jpg\" alt=\"An illustration of a mother pushing her senior mother in a wheelchair\" class=\"wp-image-29980\" style=\"object-fit:cover;width:227px;height:auto\" srcset=\"https:\/\/www.rbcwealthmanagement.com\/en-ca\/wp-content\/uploads\/sites\/5\/2025\/09\/WMR-caregiver-320x320-1.jpg 320w, https:\/\/www.rbcwealthmanagement.com\/en-ca\/wp-content\/uploads\/sites\/5\/2025\/09\/WMR-caregiver-320x320-1.jpg?resize=150,150 150w, https:\/\/www.rbcwealthmanagement.com\/en-ca\/wp-content\/uploads\/sites\/5\/2025\/09\/WMR-caregiver-320x320-1.jpg?resize=300,300 300w\" sizes=\"auto, (max-width: 320px) 100vw, 320px\" \/><\/figure>\n<\/div>\n\n\n\n<div class=\"wp-block-rbcwm-column col-lg-8\">\n<p>In addition to appointing a Power of Attorney and trusted contact person, it\u2019s important to keep your Will up to date. Your Will is a legal document that outlines your final wishes, names your beneficiaries and appoints an executor for your estate.<\/p>\n\n\n\n<p>However, before finalizing your Will, choose your executor thoughtfully, as they will be responsible for a wide range of tasks\u2014from probating your Will and filing tax returns to distributing assets to beneficiaries. Ideally, this should be someone you trust who is likely to outlive you, and who has the time and ability to manage the many duties of being an executor.<\/p>\n\n\n\n<p>You may name a close friend or family member, or your advisor can connect you with an experienced professional executor from RBC Royal Trust to act independently or alongside another person to carry out your wishes.<\/p>\n\n\n\n<p>Speak to your advisor if you don\u2019t have a Will, or if it needs to be updated.<\/p>\n\n\n\n<div style=\"height:10px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n<\/div>\n<\/div>\n\n\n\n<p><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-living-independently-and-planning-for-future-health-care-needs\"><strong>Living independently and planning for future health-care needs<\/strong><\/h2>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div class=\"row blockId-4404b78e-2a4e-4666-9222-461270f73ad9\">\n<div class=\"wp-block-rbcwm-column col-lg-4\">\n<figure class=\"wp-block-image size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"320\" height=\"320\" src=\"https:\/\/www.rbcwealthmanagement.com\/en-ca\/wp-content\/uploads\/sites\/5\/2025\/09\/WMR-house-320x320-1.jpg\" alt=\"An illustration of a modern blue house with large windows\" class=\"wp-image-29981\" style=\"object-fit:cover;width:180px;height:180px\" srcset=\"https:\/\/www.rbcwealthmanagement.com\/en-ca\/wp-content\/uploads\/sites\/5\/2025\/09\/WMR-house-320x320-1.jpg 320w, https:\/\/www.rbcwealthmanagement.com\/en-ca\/wp-content\/uploads\/sites\/5\/2025\/09\/WMR-house-320x320-1.jpg?resize=150,150 150w, https:\/\/www.rbcwealthmanagement.com\/en-ca\/wp-content\/uploads\/sites\/5\/2025\/09\/WMR-house-320x320-1.jpg?resize=300,300 300w\" sizes=\"auto, (max-width: 320px) 100vw, 320px\" \/><\/figure>\n<\/div>\n\n\n\n<div class=\"wp-block-rbcwm-column col-lg-8\">\n<p>According to a 2020 National Institute of Ageing (NIA)\/TELUS Health Survey, almost 100 percent of Canadians aged 65 and over plan to live independently at home for as long as possible.<\/p>\n\n\n\n<p>If you are in that category, you might want to consider renovations to make your home more accessible and reduce the risk of falls. You should also ask yourself what type of support you may need to live independently. This could include help with housework, future caregiving needs, transportation, and managing your finances. <\/p>\n\n\n\n<p>Your advisor can help you work potential future care needs into your financial plan and investments, so you can be confident that the funds will be available if and when you should need it.<\/p>\n\n\n\n<div style=\"height:10px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n<\/div>\n<\/div>\n\n\n\n<p><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-ask-your-advisor\"><strong>Ask your advisor<\/strong><\/h2>\n\n\n\n<p>Contact your advisor to see if you are eligible for a complimentary&nbsp;<em>Elder Wellness Consultation<\/em>&nbsp;with our partner, Audrey Miller MSW, RSW, the founder and managing director of Elder Caring Inc. Through this consultation, you will have the opportunity to discuss concerns about living independently, how to prevent caregiver burnout and receive assistance in navigating the health-care and home-care system.<\/p>\n\n\n\n<p>Your Investment Advisor is dedicated to protecting and growing your wealth so you can live your best life, now and well into the future.<\/p>\n\n\n\n<div class=\"wp-block-rbcwm-well well\">\n<p>Talk to your advisor today to start planning for your health and wealth.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>As you enter new life stages, you may have new concerns about how you can stay healthy, protect your security, remain independent and help your family. You also may have dreams and hopes about how you\u2019d like to spend your time\u2014from achieving life-long bucket list items, to spending more time with your family. At RBC [&hellip;]<\/p>\n","protected":false},"author":15,"featured_media":0,"template":"","meta":{"_acf_changed":false,"rbcwm_post_date":"2025-09-29T11:33:00","editor_notices":[],"rbc_url_alias":"","rbcwm_featured_desktop_image_position":"","rbcwm_featured_mobile_image_position":"","footnotes":""},"categories":[80],"rbcwm_content_owner":[],"rbcwm_need":[],"rbcwm_segment":[],"rbcwm_solution":[],"rbcwm_topic":[81],"rbcwm_channel":[],"rbcwm_format":[],"class_list":["post-31590","rbcwm_wmr","type-rbcwm_wmr","status-publish","hentry","category-health-care","rbcwm_topic-health-and-well-being"],"acf":{"rbcwm_subtitle":"","rbcwm_post_author":"","rbcwm_custom_breadcrumb_text":"","rbcwm_custom_breadcrumb_link_url":"","rbcwm_disclaimers":{"add_disclosures":"","perspective_disclaimer":"","expandable":"","omit_from_pages":"","disclaimer_footnote":""},"rbcwm_insight_cta_id":"","rbcwm_pagination":{"next_link":"","next_link_text":"Next article","previous_link":"","previous_link_text":"Previous article"},"rbcwm_video_duration":"","article_time":"","rbcwm_enable_toc":false,"rbcwm_toc_selector":"h2"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.8 (Yoast SEO v26.8) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>The health and wealth connection<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.rbcwealthmanagement.com\/en-ca\/wmr\/the-health-and-wealth-connection\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The health and wealth connection\" \/>\n<meta property=\"og:description\" content=\"As you enter new life stages, you may have new concerns about how you can stay healthy, protect your security, remain independent and help your family. You also may have dreams and hopes about how you\u2019d like to spend your time\u2014from achieving life-long bucket list items, to spending more time with your family. 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