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PAGE 8 â€" WATERLOO CHRONICLE. WEDNESDAY. FEBRUARY 9, 1983 GET SERIOUS ABOUT CASSETTE RECORDING. GET INTO A JVC AT 33 Main St. (Galt) Cambridge, Ontai 653â€"2035 e Although there are limits on the amount you may contribute, there is no limit on the number of RRSP plans you may have. This allows vyou to diversify within your RRSP portfolio e When selecting RRSP investments, you should do so within the context of your total investment and savings program. For examâ€" ple, let‘s assume you‘ve accepted the premise that you should minimize your investment risks by diversifring your portfolio, and you‘ve decided on a mix of bonds,. comnimon stocks.â€" guaranteed â€" investment. certificates and short term deposits Today‘s column continues the series on Registered â€"Retirement Savings Plan by discussing some points to keep in mind when managing your RRSP portfolio e Review your RRSP‘s regularly. If you‘re not satisfied with a particular plan, you may roll all or part of it to another plan subject to possible restrictions of the carrier. (You Also,.â€" becauseâ€" your â€"RRSP‘s should be considered longâ€"term savings, you should hold some shu?-rm riskâ€"free investments outside RRSP‘s t cover any urgent cash needs. 3 Charles St. West at Queen, Open daily 10â€"6 Kitchener, Ontario Thurs. & Fri. 10â€"9 742â€"6951 or 742â€"6581 Cambridge store closed on Monday In this situation, it‘s usually best to have the GIC‘s and deposigs in your RRSP‘s and hold the bonds and stocks outside. The reason is that the favourable tax treatments accorded capital gains tor losses) and dividends are not available on RRSP income. Outside an RRSP . only 50%, of capital gains are taxed (50%, of losses are deductible), and the dividend tax credit reduces your taxes by 34% of your taxable dividends whens Câ€"90 UD Cassette Tapes 10 34 P tapes for JVC +299 BOB COPLAND The extraordinary tlow price isn t the only reason to buy this cassette deck JVC is one of the hottest names in stereo and the KDâ€"D40 is one of JVC ‘s best It features twoâ€"color spectroâ€"peak meters, the luxury of softâ€"touch operation. the pushbutton ease of musicâ€"scan to help you find any song instantly. superbâ€" sounding SA rec/play heads, and Dolby C. the latest in noise reduction Dolby C tapes take on a new degree of quietness you ve got to hear to believe So get serious about cassette recording and get into a JVC KDâ€"D40 at Wesseling‘s‘ Guve | should enquire about such restrictions before buying any RRSP) â€" When rolling over, you must do so directly to the new plan to avoid tax on withdrawal from the old plan. You‘ll be required to complete Revenue Canada Form T2033 (E) to authorize the transfer e RRSP contributions may be deducted in any calendar year if made during that year or not later than 60 calendar days after yearâ€"end You can benefit greatly by making your contribution as early as possible in the deduction year. To iNustrate, let‘s say you are 35 years old and you plan to contribute $3,000 annually in February following each taxation year until age 65. If you advance your contribution schedule by making both your 1982 and 1983 contributions in February of 1983 and you contribute $3,000 every February thereafter. as planned, you‘ll have added $30.189 to the accumulated value of your RRSP‘s at age 65. assuming an 8% annual compound return. Before rolling over, you might ask both the old and new carriers to help you choose a rollover date which will minimize any loss of accrued : earnings. Bob Copland is a chartered accountant and personal financial planning consultant with Executive Compensation Consultants, Kitchâ€" ener. Remember that you may not transfer from your plan to your spouse‘s. Next week ... RRSP‘s again Your money / This simple mainte nance procedure elim« nates magnetism that butlds up in the record ing playback heads Use the Koss KCI 4000 â€" demagnetizer once a week Io keep your _ deck _ sounding new 32 495 BhRhAOSS »Ap P » . flls * * 355 Weber St. N. W OIL _| SPRAYING 1| 885â€"5620 Heidi, 19, works in a clothing and jewellery store in Waterioo. Her hobbies include dancing and modelling and her ambition is to be a ftashion designer. FOR PROTECTION! (&) Ming 884â€"7 1 00 It‘s the best in town. W ask about our exclusive U uoce,.\ OUR PRICE!\ >