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"A Family Tradition for 133 Years" PORT PERRY STAR - Tuesday, February 9, 1999 - 17 Timing your RRSP contributions just right Saving for retirement is something that people often put off - until later in the year, until later in their lives. But by getting a head start on saving for your retirement, you can actually make more money, without investing an extra cent. In both the long-term and the short-term, how you time contributions to your retirement savings plan (RSP) has a signifi- cant impact on how much money you will eventually have for your retirement years. Starting your retire- ment planning earlier in life means that you will likely build a bigger retire- ment nest-egg. Simply put, the longer that you have your money in an RSP, the greater the impact of tax-deferred compounding of income. Similarly, if you invest in your RSP earlier in the year, instead of putting it off until the RSP contri- bution deadline is loom- ing, your money will have longer to compound. Consider this example: 35-year-old Brody makes his $5,000 RSP contribu- tion at the very end of the tax year, during the last minute panic. Brody makes his contributions every year until agé 65 and gets an eight per cent growth rate. His RSP will be worth $617,000 when he retires - not bad for an investment of $150,000. But what if Brody stretched his RSP contri- butions out over the entire year by making monthly contributions? His RSP would be worth $640,000. And if Brody made his RBC Personal Wealth Management™ Education Savings Plans The Smart Way to Talk with Investment Advisor DOMINION 434-7156 or 1-800-267-1522 SECURITIES 111 Simcoe St. N, Oshawa, ON LIG 454 Save! Robert J. Gow Member CIPF contributions at the begin- ning of each year in a lump sum, then it would be worth $666,000. All of this assumes that Brody has the $5,000 to invest in his RSP every year. What if he doesn't? Well, there are alterna- tives. He can put off mak- ing all or part of his allowed RSP contribution for a given year until a future year when he does have the money. Or he could get an RSP loan. Another alternative is to move any securities he has, like stocks or bonds, into his RSP. Remember you can con- tribute 18 per cent of your earned income into your RSP, up to a maximum of $13,500. This article is for infor- mation purposes only. Before taking any action based on information in this article, please consult with a professional finan- cial advisor. This article was supplied by RBC Dominion Securities Investment Advisor Robert Gow. [_ SCUGOG FINANCIAL _J 244 1 YEAR........ ..-. 4.850% GIC RRSP 4.750% 4.850%.....4.850% 3 YEAR.......... ... 5.000% -- ... 5.000% 5 YEAR.............5.125% 5.000% 5.000% 5.125% 30 DAYS mnmumss.oo0 4.550% Rates subject to change without notice "Serving Scugog For Quer 15 Years" 250 Queen Street, Port Perry ¢ 985-3832 (next to Shoppers Drug Mart) : Templeton Investment Funds How many things in Life ARe 100% guaranteed? Now your iNvesTMENTS can be'. Guaranteed 905 427-4033 STAN MARTIN CFP. Investment Advisor* FORTUNE FINANCIAL CORPORATION ** 335 BAYLY STREET WEST, AJAX 'life licence Level 1 Sponsored by Canada Life **Fortune Financial Corporation is a member of CIPF and the Montreal Exchange FORTUNE FINANCIAL Allianz Funds Information Folder. SEGREGATED FUND ) Templeton * The guarantees apply 10 years atier the minal investment or reset date, or mmediately upon death. Alhanz Life Insurance Company of North Ametica is the sole issuer of the variable annuity insurance contract and the guarantor of any guarantees provided under the contract. A complete description of the key features of the individual variable insurance contract is contained in the Templeton Guaranteed Investment SUBJECT TO ANY APPLICABLE DEATH AND MATURITY GUARANTEE, ANY PART OF THE PREMIUM OR OTHER AMOUNT THAT IS ALLOCATED TO A SEGREGATED FUND IS INVESTED AT THE RISK OF THE OWNER AND MAY INCREASE OR DECREASE IN VALUE ACCORDING TO FLUCTUATIONS IN THE MARKET VALUE OF THE ASSETS OF THE This ad has been pad in part by Templeton Management Limited LAMINATING at STAR OFFICE CENTRE 188 Mary St. - 985.7383 Van Camp & Keller CHARTERED ACCOUNTANTS Income tax planning and return preparations Personal tax returns electronically filed Preparation of Government Returns (T4s, TSs) Financial, estate and retirement planning INDIVIDUALS CORPORATIONS SMALL BUSINESSES "FARMS 204 Casimir Street, Port Perry (905) 985-9725 Toll Free 1-800-215-3852 | Choose European Growth: Choose Universal European 4 YEAR: Opportunities Fund For Universal European Oppportunities Fund puts you at the forefront of the broader Europrean economic community. For more information on a strategy dedicated to building growth for your RSP investments, please call me for a free copy of our Mutual Fund Spotlight, which highlights on our top 27 mutual funds. (905) 434-7156 or 1-800-267-1522 Your RSP Call Investment Advisor Robert Gow RBC DOMINION . SECURITIES of Professional Wealth Management INVEST WISELY: Important information about this mutual fund is contained in the iy prospectus. Investors should obtain a copy from their Investment Advisor and read it carefully investing. Returns to December 31, 1998 a orical a changes in unit value and reinvestment of all distributions, and redemption or optional charges payable by an investor which would have reduced returns. When purchasing mutual funds, investors should be aware that: mutual fund investments are nol I] Mackenzie | seam neat maepentence Mackenzie has agreed lo pay part of the cost of this advertisement. efore re historical annual SDE total returns including 0 not take into account sales, uaranteed; ¢ unit values and investment returns will fluctuate over me: and © past performance does not assure similar future returns. WAT TT nl pS i