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\ "Scugog's Community Newspaper of Choice" 18- PORT PERRY STAR - Tuesday, February 4, 1997 Planning retirement ev By David Scott Resolved to indulge in a bit of personal retirement planning this year? Experts will tell you planning your retirement 18 extra important right now. That's because those in the know see very little comfort for us in the future -- away out there beyond our earning years -- except through the savings we manage to accumulate "iow. We'll look at some of the reasons signs that indicate govern- ment pension plans will no and warning. longer be there for us, but first let's go over the cur- rent mechanics of retire- ment saving. For years the govern- ment has provided tempt- ing incentives through the Registered Retirement Savings Plan encouraging everyone who earns an in- come to save a portion of it. Look into it, you'll discover the RRSP allows your earnings to mount up at what could be twice the rate of other investments - - because what you earn is tax free until you with- draw the funds. And, be- cause an RRSP contribu- tion becomes an income tax deduction in the year you invest it, the govern- ment is actually paying for part of your investment, from a quarter to nearly half, depending on your tax bracket. Can anyone afford to pass up a deal such as that? Not really, especial- ly considering you can in- vest a very little or a whole lot each year, whatever you can afford. Tax adviser Ian Riehl says anyone over age 18, the minimum allowable UNIVERSAL WORLD GROWTH RRSP FuND - World Growth Potential. 100% RRSP-Eligibility Mackenzie's Universal World Growth RRSP Fund partici- pates in the growth potential of companies in a revitalized en more important now age, who is earning mon- ey, should start RRSP sav- ings. Retirement age is such a long way off that a very small investment will grow tremendously over the years through the magic of compound inter- est. But, perhaps more im- portant, those early sav- ings become habit -- the very habit we must all de- velop, regardless of age. Give a gift that displays some guaranteed growth potential The next time you're at loose ends looking for a gift for the child who has everything, skip the toy department. Instead, open an in trust account on the child's behalf. Years later, Mackey, Bailey & Korb Barristers & Solicitors when he or she needs mon- ey for school, it will be ap- preciated much more than a video game. An "in trust" account be- * longs to the child, but is controlled by an adult. It's Saturday Mornings 9:00 am to 12:00 noon Lake Scugog Lumber Building Oshawa Rd., Port Perry \ DJ TAYLOR [Sic INSURANCE BROKERS LTD. FIVE ny 169 North St., Port Perry LIL 1B7 Guaranteed Investment 0 - 19 % Certifi Rates Su © ics fos Notice PHONE 985-8416 985-7391 AN an excellent way to save for the long term because the money can't be ac- cessed without your per- mission or until the child reaches the age of majori- ty. Because children have a longer time frame to in- vest (at least 10 years). you should consider in- vesting in equity mutual funds. These funds invest in stocks, which have his- torically outperformed fixed-income investments. They also offer a variety of investment goals and risk levels so you can select a mutual fund that matches your savings objectives. A key advantage of equi- ty mutual funds is that when the account is set up for a minor, any capital gains realized may be at- tributed to the child, not to the contributor. In 1995, Trimark In- vestment Management Inc. introduced Trimark Presents. This special pro- gram enables investors to give Trimark Mutual Funds to anyone any time of year, and make a genu- ine contribution to their fi- ial future. You can global economy - but still retains full RRSP-eligibility. V C ice Trt aot aean an a1 al gift cards to send to re- Management Inc. in Boca Raton, Florida, this important & Keller or hey ec 8 , Jem RRSP investment option offers access to markets around Trimark Present. the world with strong growth potential. CHARTERED ACCOUNTANTS One way you can give a Trimark Present is' \/ For more information on how some or all of your RRSP investment can experience the world, please call us today at the number below. RBC DOMINION SECURITIES Personal Wealth Management™ through a Trimark Regu- lar Investment Plan - a pre-authorized chequing (PAC) plan. A PAC plan enables you to have a spec- ified amount of money transferred from your bank account at regular intervals. This means you Income Tax Planning & Return Preparation Personal Tax Returns Electronically Filed Preparation of Government Returns (14's, 15's) Financial, Estate and Retirement Planning | Directed by the professionals at Mackenzie Investment Robert J. Gow 434-7156 or 1-800-267-1522 111 Simcoe St. N, Oshawa, ON L1G 454 Member CIPF avoid scrambling to find the money at the last min- ute. "You can start a PAC plan with a monthly mini- mum of $30," says Eliza- beth Hoyle, vice-president of marketing for Trimark. "It's an easy and effective way to invest in a child's future." "Everyone needs a gift from time to time," adds Hoyle. "But when you're tired of looking for some- thing for the child who has TH E : GPLUNIVERSAL INDIVIDUALS CORPORATIONS SMALL BUSINESS FARMS Invest wisely: Important information about this mutual fund is contained in the simplified prospectus. Investors should obtain a copy from their invest- ment advisor and read it carefully before investing. When purchasing mutual funds, investors should be aware that: » mutual fund investments are not guaranteed; unit values and investment returns will fluctuate over time; and » past performance does not assure similar future returns. Mackenzie has agreed to pay part of the cost of this advertisement. Mackenzie 204 Casimir Street, Port Perry Telephone (905) 985-9725 everything, a Trimark -800 | Present may be the an- Building Financial Independence ™\ Tollfree 1 215-3852 : I swer." Courtesy of, ------ An ob Gow, RBC Dominion Securities, 111 Simcoe St. N., Oshawa