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2 9 |Thursday July 13, 2017 | OAKVILLE BEAVER |www.insidehalton.com Bankruptcy protection can preclude severance pay payment continued from p.28 On a personal level this can cause great financial hardship to individuals. Bankruptcy laws do not require an em ployer to pay severance for workers w ho are laid off. Approximately 2,900 Sears Canada em ployees are expected to be laid off. Many of the com pany' s 16,000 retirees are fearful their pension, and ongoing benefits, may be reduced significantly. The lesson that w e can learn is there is always financial risk. N othing is 100 per cent secure regardless of how secure it m ight seem. One of the m ost significant financial plan ning strategies is diversification. Sometimes diversification is not easily achieved. You can diversify your investm ent port folio, but a retired Sears Canada em ployee could not have diversified the source of his or her pension. Sometimes w e are faced with the reality of how to adjust after receiving a financial setback. W ill som e em ployees and retirees have to continue w orking and re-enter the work force? Do em ployees have other sources of rev enue, such as the potential to sell assets? W ill som e have to decrease the am ount they spend? These are very difficult decisions and are a reminder to everyone that financial hard ships can arise in anyone' s life, at any time. It can be useful to assess your ow n finan cial risk. Are there things w ithin your control that you can do now that can decrease the risk? -- submitted by: Peter Watson. Peter W atson is an agent of, and securi ties products provided by, Aligned Capital Partners Inc. (AC PI). ACPI is a m em ber o f the Investm ent Regulatory Organiza tion o f Canada and the Canadian Investor Protection Fund. T he opinions expressed are those o f the author and not necessarily those o f ACPI. Peter Watson provides w ealth m anagem ent services through Peter Watson Investments. =TQVe.CQ · · flyers. coupons. shopping lists. Shop S m art Get coupons for products you use and love starting at 6 9 ,9 9 5 J u s t 90 m inutes fro m greater Toronto area and 20 m inutes fro m th e B uffalo border. Summer is upon us - check o u t th e incredible lakefront cottag e living o pp ortu nitie s a t Sherkston Shores in Ontario. A t prices you sim ply w o n 't find elsewhere on Lake Erie, spend you r sum m ers at picturesque Sherkston Shores, w ith a com m un ity o f cottages th a t spans 560 acres and tw o and a h alf miles o f sandy beachfront. Choose your cottage, p ic k y o u rflo o rp la n , and design a lifestyle you 've always dreamed of, b u t never th o u g h t p ossib le .Y o u T lfin d so m u ch to love here, fro m the sun-soaked beaches to th e joy th a t cottag e living brings. Join us to s ta rt living th e beach life today... creating family memories to last a lifetime. Print coupons instantly or receive by mail - free! Redeem coupons at any major retailer in Canada. Google-play Learn more at Save.ca/mobile ANDROID APP ON OPEN HOUSE · SATURDAY, JULY 15, 2017 · 10AM -3PM 4 9 0 E M P I R E RD., S H E R K S T O N , O N DRIVING HABITS BECOME INSTINCTS W ITH OUR COLLISION FREE!T M APPROACH Sign up now fo r a Summer Express course! Text YDOAKVILLEBEAVER to 58888 fo r dates. Locations 312 - 345 Lakeshore Rd. East, Oakville 107 -180 Oak Park Blvd., Oakville YD.COM | 9 0 5 -8 4 2 -6 8 4 6