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business and finance no limits on annual withdrawl when money is in rrifs currently there is no shortage of information avail able to individuals regarding the process of saving for retirement in contrast they often lack sufficient knowledge of the details relating to the other side of the retirement equation specifically the most efficient ways to draw three cardinal rules for proper retirement planning make saving for retirement your second career tax planning should fe a major consideration of a retirement plan review your personal situation and financial needs at least twice a year for financial planning investment expertise contact raj khann a at 41 64031 695 or 9055136633 tw austin investment inc on their accu mulated pool of registered sav ings v a r i o u s options available the options available to indi viduals looking to effectively fund their retire ment through their own rrsp savings include is yourrrsp measuring up establishing and drawing from one or more regis tered retirement income funds purchasing the income stream provided through one or more annuities or relying on a combination of these two options depending on an indi vidual any of these alter natives may be the right choice accordingly it is important to examine the relative merits and limita tions of each of these options rrifs share many of the same features as rrsps however rrifs are designed to work in reverse you take taxable income withdrawals from them the hallmark of a rrif is the flexibility and control which it offers for investment tax estate arid income planning pur poses rrif income can be custom tailored to meet specific needs and there is no limit on annual income withdrawals as long as they are equal to or greater than the minimum stipulated by revenue canada eligible investments which can be held in a rrif include qualifying equities mutual funds -or- 4 midland walwyr instance ielf directed competitive prof essional financial advice access to a wide range of rrsp eligible investments topranked canadian and us research a detailed quartierjyaccount statemerit complete flexibility and control over your account if your present rrsp fails to measure up perhaps its time to call mark kostandoff financial advisor to set up a complirrientary portfolio consultation 1 800 6444480 serving markham stouffville and uxbridge midland sponsored in part by walwyn w blue chip thinking wwwmidwalca wv y iy do you have a variable rate mortgage and are you tired of paying prime variable rate guaranteed for 5 years to always be 2 below prime if youre hot getting blue chip thinking just what kind of thinking are you getting 1998 rrsp guide rrsp strategies with garth turner exceptional advice for unsettled times garth turner is a iksi selling author nationally syndicated columnist financial editor of bbs television t w austin investments inc financial seminar february 1 9 1 998 at 700 pm sheraton parkway hotel 600 highway 7 east leslie richmond hill admission free reservations required refreshments provided for more information or to reserve call 90s 5136633 extension 236 offices markham ottawa st catharines tw austin investments inc 90c centurion drive suite 21 5 markham ontario l3r 8c5 905 5136633 18006653746 fax 905 5137272 sxnmrvitby mackenzie prime minus mortgage lets compare royal bank 65 bank of nova scotia 65 bank of montreal 65 canada trust 65 td 65 national bank 65 sun life trust 60 local 416 4086628 toll free 18887468825 monfri 900am 900pm sat 1 000am 400pm sun life trust rates subject to change without notice id evergreen we a l t h man ac e m e n t fixedincome securities however it is strongly cau tioned that secu rities are careful ly chosen in order to provide both for returns that are sufff cient to live on and to assure that capital will not be depleted at a rate which causes an indi vidual to outlive their money the inherent drawback of rrifs relates to the issue of guarantee because a rrif functions as a shell for holding eligible investments it is subject to the same risks as rrsp investing specifically potential returns can be negative ly affected by low interest rates economic factors general market condi tions bad in vestment choices poor income plan ning lump sum withdrawals and other manage- ment decisions which can have a major impact on income and capital a rrif is a beneficial rrsp maturity option for those indi viduals willing to assume some degree of risk in return for the continued tax- free growth of- funds within in the plan another pop- invites you to attend a free financial investment round table date tuesday february 17 1998 at 700 pm 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 still law partner still thomson mccalmont investing in gifs arid 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 ru topics atrimark mutual fonos oroup or funds stone co ltd wise advice on the management of wealth trademark of the torontodominion bank td stcuriiietloctdya subsidiary is a licensed user tdsimember off ular rrsp maturity option is an annuity annuities are purchased through a 1 frontend pay ment in order to provide a guaranteed income stream for life or over a fixed term a n n u i t y income is determined by life expectancy age gender health amount invested and interest rates at the time of pur chase the draw back associated with annuities relates to aspect of 1 ock edin i n c o m e amounts annuities purchased dur ing a low inter est rate period lock individuals into a lower income level than if they buy an annuity when rates are high the risk is that the pur chasing power of lockedin income may not keep pace with rising inflation annuities should be con sidered if an individual wish es to guarantee a set amount of retirement jncome if there is a history of long life expectancy in their famijy or if- they do hot have depen dents or heirs depending on particular circumstances an individual may want- to balance their retirement- income plan with a combi nation of rrifs and annuities bear in mind- that funds from a rrif can always jbe v transferred to an annuity at a later date litis article was submitted by mark kostandoff front midland walzvyn s