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WEDNESDAY, NOVEMBER 22 SALE TIME: 10:00 A.M. Restaurant Equipment Sale at MIKES RESTAURANT, SUNDERLAND - Lease expired, complete business liquidation Incl. 2 domestic freezers, new 9' exhaust hood, ice cream display freezer, Garland grill, Garland char broiler, s.s. display case, potato chopper, Universal 2 posi- tion milk cooker, room air condi- tioner, bar mixer, glass washer, bar fridge, 3 head Hamilton Beach milkshake, Kelvinator ice cream freezer with syrup dispenser, 3' display unit, Bunn 2 position coffee maker, Pepsi pop dispenser, 2 Frymaster deep fryers (one reconditioned, one six months old), Garland char broil grill, Garland range & grill, fire guard, refrigerators, 7 cu. fi. freezer, pop cooler, 2 microwaves, Toastmaster 4 slice toaster, refrigerated salad table with bottom cold storage, under counter refrig., electronic cash register, stereo, RCA colour TV, 15" counter & 4 stools, light fix- THURSDAY EVENING NOVEMBER 16 SALE TIME: 6:00 P.M. Furniture & Antiques Auction Sale of Furniture & An- tiques for DR. PURVIS, Scar- borough, selling at the Wilson Sales Arena, Uxbridge, Ont., In- cluding 8 pc. Dining Room Suite, curio cabinet, lamp tables, 3 pc. bedroom suite, child's white bedroom suite, antique dresser blanket box combination, chest of drawers, loveseat, washstand, train set, clocks, small desks, oil paintings, lamps, Baycrest Microwave, Crown Darby China - set of 6,.Sterling Silver - set of 6, 6 figurines (Tampa, De Monte, Dresden), Cranberry glass, Coke cooler, wooden Coke case, spit- toon, apple peeler, copper clock, bells, post card viewer, brass bridal basket, binoculars, camera equipment, crystal & china, large quantity of medals, plus many other items. Sale managed & sold by Lloyd Wilson Auctions Ltd., Uxbridge, 416-852-3524 or 9755.N 14 tures, 78 chalrs, 17 tables, dishes, pots, pans, restaurant supplies. This article courtesy Standard Trust - Port Perry Branch No reserve. Business closing. PORT PERRY Terms cash, certified cheque or . Bank letter of credit. Orval STAR McLean Auctions (705)324-2783 Lindsay. Orval & Barry McLean "CLASSIFIEDS" Auctioneers. CCA Labbe bbebebbefe betes $$3888888888888088888888858888488848888888888888¢4 ror, rh WHAT WILL YOUR RRSP REALLY MEAN TO YOU? You've read about it time and time again -- how regular RRSP con- tributions can grow to phenomenal sums over a 20 or 30 or 40 year period. But what do these fantastic numbers really mean to you? If you are like most Canadians, you contribute regularly to your RRSP for just one reason: to eventually generate retirement income. So the real question is what kind of retirement income will your RRSP produce, not how many zeros you can put after the dollar sign? To answer the question meaningfully, four significant factors must be considered. You are probably aware of the first three, but unfortunately, the fourth Is ignored by too many people. How much you contribute to your RRSP (1), how many years you make those contributions (2), and the rate of return on your contributions (3) deter- mine how much you will eventually accumulate. Say, for example, that you put $2,000 into your RRSP at the beginning of every year for 30 years and, on average, you earn 9 percent compounded annually. At the end of 30 years, you will have about $300,000 in your RRSP. Don't Be Fooled By Tomorrow's Dollars That's an impressive sum, but only by today's standards. Think back 20 or 30 years. The $200,000 home you are living in now could have been purchased for between $10,000 and $20,000 back then. The comic book your son or daughter just bought for a dollar used to cost a dime. In other words, $300,000 in the twenty-first century -- tomorrow's dollars - will.not have the same value as today. The culprit is inflation, the fourth and most important factor in our equation. Let's assume that inflation averages a bit over 4 percent for the 30 years during which you make your RRSP contributions. That may be op- timistic considering that the inflation rate has averaged over 6 percent for the past decade, but it is roughly in step with our relatively conservative assumption that the RRSP will grow at 9 percent annually. In 30 years, your RRSP will be worth less than $100,000 of today's dollars. This will buy a lifetime monthly retirement income of about $1 ,000, also expressed in terms of today's dollars. If you want your retirement in- come to be indexed, that is, more or less keep up with inflation for the rest of your life, the first monthly payment may be only $600 or $700. Receiving $700 of fully taxable income each month and eventually hav- ing $300,000 on deposit in your RRSP appear to be as different as hot dogs and caviar. Yet once you step back a pace from your RRSP, you see that they are, in fact, the same thing, but expressed in two different ways. How Much Is Enough? If you were to ask today's elderly about retirement income, they would all agree on one thing -- you can never have too much. Close to half of elderly Canadians are living near or below the poverty line. "You will eventually receive benefits from the Canada Pension Plan and Old Age Security. But will $700 a month from you RRSP be enough in- surance to guarantee your financial comfort. After all, many Canadians who contribute to RRSPs make at least $700 each week, before taxes. RRASP's are the best way you have of providing additional retirement income. But they require a concerted effort on your part. Happily, there is no secret to how you do this. Simply contribute as much as you possibly can to your RRSP each and every year, and make sure your RRSP has the highest earnings rate possible. Your RRSP will do the rest. : 4 g 4 4 4 4 4 ¢ 4 4 4 4 4 / 9 4 % 4 : 4 YUK YUK'S Comedy Group was back by popular demand this past weekend in Port * 3 w Perry. The three man group returned for one night only at Trader Sam's, and entertained a sold out crowd. Pictured from left to right, the three members of the group that per- formed Saturday night Simon Cotter, Mark Farrell, and Lawrence Morgenstern. Many activities planned in area fo recognize Recycling Week" Ontario's annual Recycling Week, set for November 20-26th, is coming up next week. A small committee has been meeting to organize events that will remind local people of the need to reduce the overall amount of garbage we create by: choosing not to buy certain items (such as excessive- ly packaged and disposable items), creatively reusing many others as much as possible, and by recycling those items that are currently recyclable (check this week's column 'On the Environ- ment' for an update on the current recycling program). ] Be sure to watch for displays about recycling next week at these locations around town: Scugog Memorial Library, Com- munity Memorial Hospital, Myers Cash and Carry Bulk Foods, and the Scugog Township office. Information about recycl- ing, composting, and garbage reduction in general will be available at these displays. On Tuesday night (November 21) plan to come to the Scugog Library for a film and discussion at 7:15. The movie to be shown is called '"The Sound of the Stream," and it outlines the pros and cons of current waste management options, i.e. landfill- ing, recycling, and incineration. With the whole garbage question at its current crisis point (more - than half of the residents of On- tario-will have no place to put their garbage within five years), we all need to become more in- formed about these issues! _ On Thursday, November 23 the Toy Lending Library has planned a 'Toy Recycling Day.' People are being asked to drop off a clean "recycled" toy at the Toy Len- ding Library at the United Church (corner of Lilla and Queen Streets) between 9:30 and 11:30 Awareness In addition to the above- mentioned events, people are be- ing encouraged to BYOB (bring your own bag) when shopping, and several store owners in town have been asked to support this initiative. Schools and youth groups have been asked to draw attention to Recycling Week, and businesses are being made aware of the possibility of having a "waste audit" done in order to discover how to create less garbage. If you have questions or sugges- tions about Recycling Week, con- tact Janet Banting at 985-3225. week for Marfan syndrome November 19-26 is Marfan Syn- drome Awareness Week. Marfan Syndrome is a life- threatening disorder of the con- nective tissues of the body. This means that the fibres and tissues that hold and support the body are weakened and stretched. The situation becomes life- threatening if the aorta (the main artery carrying blood out of the heart) stretches to the point of rupture. Blindness and disloca- Public meeting to discuss ground water contamination Environmental issues are of major concern today, ranging from waste management, air pollution, water contamination to food safety. Greater public awareness of these issues is im- portant. The Pine Ridge Branch of the Ontario Institute of Agrologists is providing an oppor- tunity to have the issues relating . to ground water contamination discussed publicly, on November 22, 1989, 7:30 p.m., at the Ontario Government Building in Lindsay. In recent years, rural severances have incréased dramatically. The dry weather of the past two years has led to water shortages. What does all this mean in terms of ground water quality? Dr. Richard Frank, Director of Agricultural Laboratory Services Branch, 0.M.A.F., a noted authority on pesticide residues and contaminates of water, will - bring insite into this topic from the scientific perspective. The Ontario Institute of Agrologists (OIA) operates as an independent professional agricultural organization whose members practice agrology. Membership is based on a com- bination of academic qualifica- tions and professional experience. tion of the eye lens, collapsed lungs, curvature of the spine, and painful dislocations of the knees and other joints, are just some of the many problems that can also result from this stretching of con- nective tissue. Although Marfan Syndrome af- fects several thousand Cana- dians, it is very little know. As a. result, many people with Marfan know little about their disorder, and more seriously, many people do not even know they have it. Although there is presently no cure for Marfan Syndrome, there are effective treatments available. The Canadian Marfan Associa- tion exists to offer mutual support to Marfan-affected families, and to provied information, sponsor research, and increase public awareness about Marfan Syndrome. The Durham Region Chapter of the Canadian Marfan Association will be marking Marfan Syn- drome Awareness Week by distributing information in The Oshawa Centre. Look for their table outside Zellers on Friday, November 24 and Saturday, November 25, or for more infor- mation about Marfan Syndrome in Durham Region, call 985-9181. For more information, contact: Canadian Marfan Association, Durham Region Chapter, C/O Aeneas Lane, P.O. Box 885, Port Perry, Ontario. LOB 1NO.