The following text may have been generated by Optical Character Recognition, with varying degrees of accuracy. Reader beware!

Be aware that retirement planning is all about cash flowhe focus on retirement one per cent. Any mistake is magni-taxes and fees? Have you considered time and effort necessary to avoidplanning can be expressed fied. Any mistake can be costly. That the right amount of investment risk? mistakes affecting your cash flow.DollarsTin two words: cash flow.one per cent error now reduced their Too much risk is a well known issue, You work hard to earn and save. ItThats what pays for your standard of purchasing power gain by half.but you may not end up with the is in your best interest to carefully&living.Make it your objective to avoid return required for your desired life-manage your investments to ensureCash flow during retirement, as in those very easy-to-make mistakes. style if you dont take the proper they will deliver the retirement cashSenseprofessional sports, allows very little Common mistakes are made in the amount of risk.flow you need. room for error. A minor error can be the areas of taxes, fees and risk.Your investment strategy is some- Submitted by Peter Watson,By Peter Watsondifference between success and failure.Can you afford to pay more taxes thing to which you should pay partic-MBA, CFP, R.F.P., CIM, FCSI. In 1991,Financial security in retirement is than you have to by not having a tax ular attention. The difference between Peter founded Peter Watsonthe key issue people worry about. Simple strategy? No. The same applies to pay-success and failure can result from a Investments in Oakville. Peter can beinflation you hope to gain two per centarithmetic can show how a minor mis-ing fees that are too high. Fees reduce small oversight.reached at 905-842-2100 or visit theof purchasing power.take can affect the flow of money that your returns. Are your mutual funds Investing is important. Your finan-website at www.peterwatsoninvest-That brings us back to the originalmaintains your lifestyle.giving you an adequate return after cial success depends on it. Invest the ments.mistake that only impacted them byWe will consider a fictitious Oakville couple that has just started retirement. They hope to earn a seven per cent return and will use that investment return to pay for their living expenses.Assume they made an error that cost them one per cent. Fortunately their error was relatively small. Or was it? As you will see, the error was far more sig-nificant than you might think.Lets also assume they made their target return of seven per cent. Dont forget taxes will be paid on those invest-ment returns. Assume taxes were two per cent so the after-tax return was five per cent.They should also realize inflation reduces purchasing power. The long-term inflation rate has been approxi-mately three per cent since it was first tracked in the 1920s. Therefore, their five per cent is reduced to two per cent in terms purchasing power.So the reality of retirement cash flow is you start with the hope of achieving a seven per cent return. After taxes and DENTURESt agnrtitaS$$3794ea.905-815-8208LIMITED TIME OFFERHello Oakville!Now Youve Got Your Own Scrap Metal Recycling Facility,Conveniently Located On South Service Road WestWere Peel Scrap Metal Recycling and were proud to be part of the Oakville business community. Serving the general public as well as the trades and local industry, we purchase a wide range of ferrous and non-ferrous metals. And we offer outstanding service and pricing. So come onbring in your scrap metal, because metal recycling solutions for the Town of Oakville are now easier and more convenient 905-825-1288than ever.1150 South Service Rd. W., Oakvillewww.peelscrapmetalrecycling.comBetween 4th Line & 3rd Line 13 Thursday, July 21, 2011 OAKVILLE BEAVER www.insideHALTON.com