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A wake-up ml] for those who expect to mum in their 606. (he L'nn'mnics Reseamh poll band 52 per cent of retiree respondents urge people to save early in their careers by creating a budga and sticking to it. my healthy. keep your head up and smile I lot. became you may have it) work far beyond age 65. Richmond Hill’s Fred Numbergpr. 67. said. echoing retirement advice and star tistics in a newly Messed survey. ‘lhe “ID retirement realities poll finds Canadian mtixees wish they had started saving decades cadier than they did. km'ah'ty aside. a significant num- ber of employed Cum plan to work longer than amen! unifies did during their (meets. the poll “I certainly wish l had. an» lutely." the pus-media Wu executive said. adding with a chor- tle. “Right now. I'm working maid 605. 28 per cent in and about one in three flier 65. Sineenpercemdn'nkthcywm keepworkingintoflldxm Thisislatainfiklhmcunem retinamsaidflrymmefufl- tuneworkfommmeirhmfim percent) or eaflyfim (Sperm-m). with only'J per centumkirginto Fifieenpetcemoiwmkingm- diam only plan to save hr unim- mmforlessmanflwyearsbebm leavingthemrkforcemepofialso By comparison. mom than two- thirds of retirees say. in Might. theyshouldhavesavediormim- mnlhrZSyeaxsornm. Mr. Numberger heeded the stub egy. feathering a next eg in earnest in the Barty 19% He opted to bufld a awakened 'fllepurtfolbmwdghtedheav flywithwlnatmblmdfipifm- come‘dy. ' ‘ is everything. he said. noting he ‘Iun a W with None! Networks and Bombin- dicr Stock. On lan.12.19w.Nonel shares traded at $34.25. Today. they're worth a penny. In January 1993 Bombardier fetched $2450 a share. 121%! week. they opened 3154.07. HLs‘ retirement pordolio lost 60 pm ("em M i! wfluc. he said. 'l‘nday's financial advisers stress risk tolerance. carefully assessing a client's nwimmem goals. timing and asset alkx‘alion. TD Watcrhmwc private investment advte portfolio manager (thrivin (‘lavrnialc said. Start saving now, retirees say But. as with {mammals and BY CHRIS ME. ‘ "wherein-n; mm Amsurwyofcmtmfitecsdwsmfishddwyhadsuncd saflnghrmtimnmtmliainlifcMmyCuudimsbdkvethcywifl continuctowotkintolhdrmmcwwyaboshowcdlsmccmof (Masonlyphntomfmnfimtabomfiwmbcforedwy plantolctvedlemkfimce. To avoid getting burned by a sin- gular investment. she recommends diversity. an amahrn of equities with stocks. mutual funds and fixed income instruments including (2le bonds and preferred shares By way 0‘ example. the Markham manager and chartered accountant said an investment of $100.11!) in 20 difierent positions exposes each to only 5 per cent of the portfolio me poll results didn't surprise Ms ( Her experience confirmed financial planning isn't top of mind for most people. When retirement looms. typically those in their late 50s and early 605 seek She was taken aback by the d cent of Ontario respondents “rm said they won‘t save for retirement at all. " they haven't completed a financial plan. haven't crunched the numbers to determine what they need to live on.“ she said. “Some- times they don‘t want to know. The results are a harsh reality." If working Canadians don't make retirement savings a prior- ity. day-to-day expenses and more immediate financial needs can preâ€"ernpt saving for the future. she said. You don't want to get caught 30 years from now wishing you had started saving sooner. When you start investing early. the impact of compound interest is more potver ful in hdpirg your savings grow. When it mmes to debt. pay it 03'. or at least pay it down. Ms (er~ erdale awed. citing the poll's findings t 39 per cent of work- ing Canadians expect to retire with some debt. Raking debtofree is great advice. she said. but the reality is paying off all debt is challenging. especially because it's important to balance those payments with cur- rent expenses and investing for the future. An adviser can help you map out a plan that is aligned with your personal situation. including a strategy for debt repayment and llyp uay-uruay CHI." “'3 dill] llfllll' ' ' tefinancialneedscan preâ€"empt saving for the future. she said. You don't want :0 gm caught wwmfiomnowwismngyouhad. started saving sooner. When you Stan investing catty. the impact of compound interest is more power- ful Iqhfinng your savings grow. b lswcmtintheireanyws D Mpelcenththatlatews v luau-tawnyka wihg'mtomeims Mbmnlifedmwmtm- (cs: advice. she said. but the reality is paying off all debt is challenging, especially because it's important to balance those payments with CUI- rcnt W and investing for the future. An adviser can help you map out a plan that Ls aligned with your personal situation. including a strategy f0t debt repayment and 57“? “WW! unm investments that can incmasv the taxâ€"cflicicncy of your portfo~ [in They can also suggest oppor- tunities for retirement savings in addition to RRSPs. such as tax- fmo savings accounts and mutual funds to pmvide potential for savings growth while mnsidvring ynur risk um-ram'r. mmmmmmm formqu wtfart: bSavemmoneybymatinq abodgetmdmckingtoMSIpu (an) D ConuMcmemximmnpos- siblcamneachyeutoyomRRSP (Sonata!!!) Wmmmmnm bmpercemofmianmims sayflnyshouldhavesavedfumeit WhZSyeasormore. HhenujolitHSSpucenno! Wmmnotphnm savefotaslongasmiteesmom- b6petcem$aymeywiflspend bssmanfiveyearssavm Hpercemsaytheywon'tactively savefumimmematal D Onwiamareleastlikdymme cumtrytosaveiuwdlashon DWJMnunbuwhowill savefulessthmhnyeanuwon‘t saveatalMSpetcent b 40percent dwodung Ontarians sayflnywihavemdemwhen Boosting Minsteggswmar- ms plan to work longer D 59 pa (cm of working Ontamns expect to retire in their 605; Hipercmmimmmws bzspetcentqdmflweadyws b0nly4petcunworkedintotmit KEV FINDINGS alumna-5cm.» Vhrphotoatbnakfast Kim Phuc is this year's. Whitchurch-Stoufivillv Prayer Breakfast speaker. Have sum-0mg to say about they- (V W stones? "the event lakes place 7 a.m.. May 16 a! Station Creek Golf (Zlub. 12657 Woodbine Ave. Al the age of nine. Ms th was famously photograpth running for safety. along wnh olhu children. after bung severely bumcd by napalm. E mad as at mama (Om M's th"~. village of [rung Bang came under attack by South VK-tnamcse aircraft Juno 8. 1972.11)? thick pelmlvum Vflis mistakenly dropped onto a Bud- dhist pagoda in an aura WhPN‘ the North Vietnamese wvn- infil» (rating. Whitchuvch-Stouflville News Digest Ms Phuc underwcm wan nf bum therapy. She subaequendy armed the not-for-profit Kim Foundation lmcmational to fix;th on world peace and healing. ‘I’Ickets for the breakfast arr $20 each and availath m ( km dlclight and Mcmurlvs. 6198 Mllsic will he pnmdui kw l'lw Sprmgvak' Boyx Cum-lanyath The 10111 annual Whltchurch- Stoufivilk‘ W'mwt Carnival is (m today from l to 4 p.m. at (‘rdat Beach on Mussclman's lake. M Want to haw mmc fun In all that new snow? Everything is five. including food and (-nlt-nmmm-m. ' Take a ride on a pony. A'IV' m hay wagon. Skate on lhv lake. III H000: Foundation founder 2 will speak at Whitehumh-Stoufmne Prayec Bleakfast May 16. Hsit yorkrvqhm mm for muro’ an these and other stunts SOUND OFF