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0 Only 2399! dent of Ontarians said'th'ey are expecting an inheritance that will improve than financial situation. - MWMnMMammwmmmmamwu mmmmmmmm 15mm24m,m4mumymmmm meWMMmWMMMMMprmmMmm wmmum mmbammmmmmm/mmmmmmm/m m, WamMalmlMCamMnth/nmm IMHmIaIPIann/ng mnmmmmmdmmm,mmmwammsmmmm, mmmamWolnm, Mammbmkmm. For more Information contact: Funk May lnvntors Gran 230:2 640-111 .Mayfllnvestorsaroupcom is why using the services at a financial planner is imperative to building ryour own 'pertect' retirement." While most survey respondents indicated they didn't adjust their retirement plans as a result at weaker stock market returns. those who did make the change (21 per cent) indicated their adjustments include earning more in retirement, saving more, and spending less. Non-retirees indium they plan to earn more money during retirement (74 per cent) and save more 77 per cent) as a result of stock market volatility. Retired respondents said they plan to spend less :78 per cent) and lower their ritestyle expectations (35 per cent). "People need to be realistic about earning potential as they age. Planning on this income when the statistics show you are more likely to have health issues as you get older could be risky,' said Heather Clarice, Director, Advanced Financial Planning Support for Investors Group. "it is such a great time of lite, why he careless about how you spend it?” The survey also found some other interesting retirement attitude results: - Canada Pension Plan benefits continue to be the most relied upon source at retirement income. 73 per cent at Ontarians said they viewed CPP payments as either their primary or wcgndary source 91 income atter they retire; Stouffville Legion Auxiliary members Gladys Clarkson, Jennett Abbott, Aurelia Smith, Marjorie Smith and Marion Murphy take a tour of the Ontario Legislature before receiving Queen's Golden Jubilee medals for community sen/ice from Oak Ridges MPP Frank Klees. Other Whitchurch-Stouffville volunteers honoured at the ceremony were Bill Attewell, Dorie Billich, Helene Johnson and Tom Vlfinters. Seventy-seven per cent at Ontarians plan to work during retirement 56 per cent of Ontarians don 't know how much money they'll need in refirement Winnipeg. January 14. 2003 - According to a recent national survey sponsored by Investors Group and conducted by Decima Research. 77 per cent of Ontarians are strongly considering the idea at working in some capacity during their retirement. That is a stark contrast to what retired Ontarians are doing today. as only 23 per cent indicated they are currently working. The survey also tound that 61 per cent at Ontarians are planning to use ‘earned income' as their primary or secondary source at retirement income. Fifty-three per cent oi respondents Indicated they plan to work part-time. while 43 per cent plan to engage in consulting work or other self-employment. Despite the strong majority acknowledging that some work will be a part at their retirement. the survey showed that most Ontarians have not determined how much money they'll need in retirement (56 per cent). Interestingly. the number of Ontarians planning an early retirement seems unattected by this lack of knowledge. The survey found that 39 per cent of Ontarians intend to retire betore age 60, despite 49 per cent not knowing how much money they would need. 'Retirement should not be a shot-in-the-dark proposition." says Heather Clarke. Director. Advanced Financial Planning Support tor investors Group. ”Many people who have not properly planned tor retirement will probably have to work to maintain their lifestyle. Leaving retirement planning to the last minute, or making retirement lifestyle decisions based on inaccurate assumptions, is risky. This . .._:_- ALâ€" ____:44_ -1 A r,s,, , , 12 ‘ 'WHITCHURCH-STOUFFVILLE THIS MONTH" - . Younger Ontarians (less than 50 years old) are more likely to expect to generate their own retirement income through employment earnings or investments while retlrees are more likely to rely on government pension payments; - 62 per cent or respondents Intend to rely on their employer pensions as their primary or secondary source of inoome; - 75 pa? cam of respondents intehd to rely on their RESP saving as their‘ primary or 3809903”! source 0' 'WGL , See us on ‘www.slouffvilleonline.com Km Gidevdale / Stoufiville This Month Lake Edith. Alberta. The combination of rock flour fed blue water. distant snowâ€" covered mountains and a white sand beach makes for a perfect postcard set- ting on a hot summer's day. Kolimbithres. on the Greek island of Paros. This place "rocks" -- the smooth- Puerto Escondido, on the Mexican west coast way south of Acapulco. Little known when I visited in l973, and appar- ently still that way all these years later. The best body surfing l have ever experi- enced -- back in the days when I could indulge In the sport without breaking my face. Lang's Beach. New Zealand The same rhythmic waves that lu|| you E) sleep at night call you to wake up and watch the ,sun rise over Hen and Chicken Islands in the early morning at this ocean-side par- adise to the north of Auckland. Schinoussa, the tiny Greek island far from the maddening tourist crowds in the Little Cyclades. boasts an idyllic, quiet beach iust below Giorgios Grispos' resort and restaurant on the island‘s west side, Gorgeous sand. rolling hills off to either side, and your own coral reef. As a backâ€" drop, you're likely to find an assortment of handsome yachts moored in the bay. the property of pleasantly surprised sea- fan‘ng visitors. Never'has that void been so evident than in this the winter of our deeply frozen discontent. So for those of us whose response to a crisis is a modicum of good old-fashioned escapism, I've compiled my own personal “Lop l0 Beaches | Have Known" list. Here we go: "The only problem with Stouffville," begins my wife Susan‘s oft-repeated lament about our particular corner of the planet. “is that there‘s a distinct shortage of turquoise water, white sand, palm trees and mountains." with Bruce Stanley ‘ lt_'s A Share Thing Stumbling Stouffvil'le But alas. if like me. you are snow- bound with no prospect of a beach escape this winter. there's always Plan ’B: Slap on some coconut scented suntan lotion, cue up your old limmy Buffet tape on the Walkman, head on over to the Tanning Zone's lamaica room. and drift away! Any Caribbean beach. How about the sun, sand and surf in front of the lolly Beach Resort in Antigua? The Caribbean at its white sand, glimmering, multi-hued best. Honourable mention, of course, goes to the north beach at Musselman’s Lake. Hot Water Beach, in New Zealand's breathtaking Coromandel Peninsula How hot is the water? Let's just say I almost burned my toe when I thrust it down under the sand at water's edge looking for the answer. We’re talking seri- ous vdcmlcheat. ' "v? "N '4“ «WM The beach at Plantation Island Resort. in Fiii's beautiful Island of Malolo Lai Lai in the Mamanuca Islands. The palm- fringed white sand beach is spectacular under the sun's golden glare or the moon's silver stream‘ Turquoise water...distant mountains...visiting yachts...need I say more? Panmure Island. Prince Edward Island. A luly day on the beach here lasts forever. Miles of white sand to walk along, dunes to slide down, and mini sand islands created by the retreating tides. The beach across from the Puaikura Reef Lodges in Rutaki, Rarotonga in the Cook Islands. This‘ unspoiled tropical paradise is back-dropped by lush moun- tain vegetation. It is particularly appeal- ing upon arrival in early lanuary fresh from a Canadian blizzard. sculpted rockscapes provide built-in lounge chairs for you to soak up the heavenly Greek summer sunshine. MARCH 2003