This move away from rigidity of traditional benefits packages comes as no surprise when one considers variety of life circumstances among Canadian population. Increasingly, family households have both partners working thereby causing a considerable overlap in benefits. With flexible coverage, one partner’s traditional plan is complemented and any gaps in family’s coverage are easily filled. Younger Canadians may find themselves planning for a family and need to think about necessity for vision insurance and/or dental insurance. Alternatively, aging individuals may need to secure a variety of previously unneeded benefits, such as disability insurance.

It is predicted that when baby boomers are ready to retire, a massive job shortage will result. Subsequently, employers may find it challenging to compete for prospective employees. Perhaps it will be employer who can appreciate evolving needs of Canadians who will triumph.

A secure job until retirement Buy a house Pay it off as soon as you can Retire comfortably

Does that sound familiar to you? We know of course that our definitions have changed over last 40 years but lets look at how our grandparents lived and how we live today.

My wife’s parents are perfect examples of this. They bought their house in 1964 for $12,000 with a monthly payment of $100.00. Based on way they lived, for them a 30 year fixed mortgage was perfect.

Now, don’t get too excited about that amount, it was quite a chunk of money back in 1964 and caused a few sleepless nights for new occupants.

Let’s compare way they lived to way we live today.

Today, we change jobs 5, 6, 7 times or more. We move 4, 5, 6 times, or more. For many of us, we won’t have a pension and we have not really saved any money for our retirement. Oh, and one more thing, we have credit card debt up to our ears!

The world we live in today has dramatically changed and as such we need to realize that rules of money has changed with it as well. For an indepth reading on how rules of money have changed and what you can do about it, I suggest reading Douglas Andrews newly released book Missed Fortune 101 http://www.missedfortune-101.com .

In his book Andrews reveals ways banks, credit unions, and insurance companies amass tremendous wealth-what they do, and what they don't do. He shows readers how to seize financial opportunities they never knew existed.