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z _ . "~ ~Westvale Meadowsig¢} | . n‘ _&% s *A o 1e hi s_ 4b . uxd 2s d:,, & \Mv MipeT . c r'?' ~,. adik *@*‘%%\»» > CA | Yaleall / â€"â€" _ se c cS of o_ c~â€"~â€"â€" ie > d hk wl [ . ts ce ppese C i ce e *h pgprtl | _ wieetd /, inmmmmgaes iess ons t ~_" eA gte t ‘“ L. ‘~ / ue . T0 i ind Mbamaad‘ .‘ . o t B .. ag. pacail " 3 ut a 1 ;’:‘*135‘ Ti Riikes P f-‘t;m'_ e 2] h 4. e e Te j rirsa |(â€"â€"SNK3â€"â€"P%9 M# Cegre M [ . 1‘:‘"%» ' ~ e <l6 â€" 4e â€"â€"_â€" L::". ILE e â€"â€" ty _ N f“: w; o4 / _ _,_.___â€"_â€"_â€"â€"â€"â€" â€"â€"eiffg"~â€"~~ o4 4CB | . t 9 3“*‘- es o o hn s e t ns oo & c e > h . e i ’% ei se > _A e m â€": _ tA | â€" nc l e i inerone m es 0 _ j :"'i ue hi > sT hssE _ CHRl | > SAE L1 Cfi see _ o B _ 24 t ; Eon t C t o oo P ~â€" El "E‘OUmt â€"â€"â€"= c *Alkeâ€" 43 [ _ d e o4 1 1 nomTtâ€"|â€"> iss Ks a _i ons i mds > . en NMod«! +8 C f " upp ; J C > e e cemm [.. on 85600000 11| _ Lokn S eppi~â€" wlhe | +. MOFST ($08,690 less ‘AE t . ET a \r e wag. s 00 conn _ REESONME FFATURES: "â€"â€""eweim_ ~â€" 2@ @ 6 * These fine homes qualify for Federal C y "T:P: Ekon . ' > $3,000 NONâ€"REPAYABLE GRANT! 4,’:'.‘;0;‘.".‘,&"‘* * ($85.990 fess the $34000 Grant) * 5 W eekiday M eeckdays . 4 Westvale Meadows \\*~/« i# p m __ M41ORFST HEBIGHTS | Woeekend Weekends | 6 pom 16 prm o salange M ood Klaus Leary _ * 886â€"9420 745â€"7337 * : There Are No Comparisons moseis Given its financial situation the Province of Ontario has done reasonably well by its universities: this is the reaction of University of Waterloo officials to the announced 8.6 per cent increase in grants for the 198384 fiscal year which will start May 1 PAGE k â€" WATERLOO CHRONICLE, WEDNESDAY, FEBRUARY 23. 1983 _â€"__, Affordable Luxury â€" .~.~.. in Forest Heights and > y ~ ~Westvale Meadows‘!g Grant increases seen as holdâ€"theâ€"line measure Options 1. 2 & 3 are obtainable from life insurance companies only, whereas Option 4 is available from both life insurers and some trust companies. RRIF‘s may be obtained from certain life. insurers. trust companies and stockbrokers. but are not as widely â€" escalating amounts are paid regularly until your 90th birthday, alive or not, or to a younger spouse‘s age 90 if you so choose. Under present tax rules the rate of escalation is quite steep, but this may be modified by proposed changes. Escalation is intended as an inflation hedge. There are five basic income options avail able to you: â€" 1. Regular life annuity â€" a fixed amount is paid to you regularly until your death. 2. Life annuity with a guaranteed period â€" a fixed amount is paid regularly until your death or until the end of the guarantee period. whichever occurs later. The guarantee period may not extend beyond age 90 of the younger of you and your spouse. 3. Life annuity, joint and last survivor â€" a fixed amount is paid regularly until your death or your spouse‘s death, whichever occurs later. 4. Term certain annuity to age 90 â€" a fixed amount is paid regularly until your 90th birthday whether or not you are then living. If your spouse is younger, the term â€" certain may be based on his or her age 90. 5. Registered retirement income fund (RRIF) One of the most important decisions relating to your RRSP‘s will have to be made when it‘s time to convert to an income plan. This may not be done before your 60th birthday and must be done before the end of the calendar year in which you turn 71. BOB COPLAND It is expected to en able the university to avoid further staffre ductions but not permit The grant increase will mean an anticipat ed grand total of about $85 million to UW dur ing the coming year. as apgainst $77 million for the current vear ener. Bob Copland is a chartered accountant and personal financial planning consultant with Executive Compensation Consultants, Kitchâ€" Making the right decision is essential because, once you‘ve acted on it, it can‘t be changed. Lump sum withdrawals may be made instead of conversion to income plans, but you will be fully taxed in the years of withdraw!s and, of course, the 71st year deadline still applies. However, withdrawals may be made before your 60th birthday. Next week l talk about some of the factors to be considered when making this decision. The Table below illustrates the relative levels of income that you might expect to receive under the various options. Figures are based on $1,000 invested in each plan by a male age 70 with a spouse age 66. Interest is calculated at 9%. It‘s also possible to arrange for indexed payments under any of the four kinds of annuâ€" Hy. any recovery from reâ€" â€" teachers straints already expeâ€" rienced; thus it is a A part hold theâ€"line increase, _ (1.1 per with wage and salary _ and is t« increases remaining _ for bool within the federal govâ€" _ ment. It ernment‘s five per cent _ like a _ restraint guideline and _ This sho bill 179. There will be _ terloo to no reduction in the labs and ratio of students to _ holdings available as the annuities Life annuity for male only Life annuity. guaranteed 15 years Life annuity, joint and last survivor Fixed term annuity to 90 RRIF to 90 Your money Annual payments at age ty $158.00§$158.00$158. 00$ 158 .00$158.00 122.00122.00 12200122 .00 122 00 115.00115.00 115.00115.00 115.00 110.00110.00 110.00110.00Ceases at 90 34.5076.93 182. 12280 22Cease at 90 A part of the increase (1.1 per cent) is special and is to be used only for books and equipâ€" ment. It will be treated like a capital grant. This should enable Wa terloo to upgrade some labs and add to library holdings . wmtmwwmoamawpiflmxgda@am?gz $ y Wacnflya timefigun otaim%ng 0 o?anada‘smympic‘fmin 1984. FOR PROTECTION! & Ming OIL SPRAYING 885â€"5620 It‘s the best in town ask about our exclusive W‘A;â€":’:LEsglgs?moe 355 Weber St. N. Waterico COMPARE OUR PRICE! 71 00