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plvvehcenpersatpda1 swaww business and finance not a wise idea to use rrsps for a down payment like many young canadians steve lees priority over the last seven years has been his career hes now a manager at a computer software company lives in a nice apart ment and spends most of his extra income on social activities until now he hasnt given much thought to planning for finan cial security but lee is about to enter a new lifestage hes getting married and intends to start saving for a house and children suddenly financial planning has become a priority hes what industry insiders call an early investor they generally have less experience in investment decisions and little time to spend thinking about it observed debbie ammeter vicepresident of advanced financial planning support at investors group one of canadas leading personal low low life term insurance rates affordable financial securityi male non smokers rates male smokers rates 45 50 55 60 65 440 645 925 1490 2690 810 1220 1780 2910 5115 590 815 1185 1798 2555 1110 1560 2300 3465 4755 2150 3050 4530 6725 9035 female rates considerably less monthly premiums available lowest rates for level increasing term plans no tax added to premiums quoted lowest rates for disability coverage estate protection plans special rates for select smokers i call cyril gerson today for your financial security needs tel 9057646924 toll free 18004653601 member independent life insurance brokers of canada j td evergreen weal t h man a invites you to attend a free financial investment round table date tuesday february 10 1998 location frederick horsman varley art gallery 216 main st unionville featuring richard box investment advisor td evergreen kevin nash vice president fidelity investments robert davidson chartered accountant colin stills law partner stills thomson mccalmont investing in gifs and rifs how to benefit from the low interest rates how to maximize your rrsp contributions international investment opportunities 20 plus rsvp seating is limited 4164871509 or 4164874708 sponsored in part by roemybmostmontf i eadvige on the management of weai topics trademark of the torontodominion bank td securities inc itdsij a subsidiary is a licensed user tdsimember cipf dont miss making your 1997 rrsp contribution tfs s the systematic investment plan sip from the blue chip thinkers at midland walwyn can help with a sip your rrsp contribution will be made automatically on a regular monthly basis and invested in mutual funds of your choice so you can relax and forget all about rrsp deadlines formore information call mark kostandoff financial advisor 1 800 6444480 serving markham stouffville uxbridge jh midland walwyn iiuc chif thinking sponsored in part by wwwmidwalca k if youre not getting blue chip thinking just what kind of thinking are you getting pat robinson cip trustee in bankruptcy call for a free personal discussion help with creditor problems proposal to creditors personal business bankruptcy financial counselling 9555 yonge st 401 15139 yonge st at weidnck richmond hill at church aurora 9055089493 9057272577 email patpatrobinsoncom web wwwpatrobinsoncom ip h r block invites you to an open house wednesday february 11 10 am 4 pm at our new location 109 brock st w re junente eft hr block 109broclistw v uxbridge if 8527409 prime minus mortgage a variable interest rate guaranteed to always be vi below prime convertible at any time into a fixed rate loan bonus rate of just 349 for first month toll free 18887468825 local 416 4086628 mon fri 900am 900pm sat 1000am- 400pm sun life trust financial services companies if youre under 40yearsold and just getting started on an investment path there are six main areas you should concentrate on advised debbie managing debts and expenses you may need to pay off student loans or credit card bills as a gen eral rule pay off your most costly debts first those with the highest nontax deductible interest rates its also a good idea to put away an amount of money each month to cover unexpected expenses this way youll avoid using the more costly credit card option if you invest this emergency reserve in a money market mutual fund for example youll still have easy access to your money should you need it and it will likely earn a better return financing major purchases sav ing for a car or a home is a typical concern of people under 40 its not always a good option to use your rrsps for a down pay ment on a home taking out a larg er mortgage may be a wise strategy a financial advisor can work with you to explore the best options to fit your personal situation establishing an investment plan its important to establish a plan that is customized for- your goals your time horizon and the level of risk thats appropriate for you once youve definecf those basics of the plan you can select a mix of investments that reflect your per sonal circumstances the key is to develop an investment plan that takes into account strategies and returns over the long term minimizing tax are you using all the deductions available to you one of the best ways to minimize tax is through rrsps make your rrsp contribu- tion as early in the year as possible and contribute the maximum to get the best tax break you may even consider taking out a shortterm loan for your annual rrsp contri bution contingency planning wills and powers of attorney are important elements in your financial plan you should also examine insur ance needs such as protection against loss of income or disability setting longterm goals there are many factors to con sider is it better to pay down a mortgage or contribute more to an rrsp what are the best options for saving for a childs education how do you maximize your retire ment planning a financial advisor can help you make the right long- term investment decisions by evalu ating your needs article submitted by tim whelan of the investors group rates subject to change without notice