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"WEEKEND STAR" FRIDAY, AUGUST 25, 2000 - 11 "Plans are in place for the 2000 Sunderland Fair Organizers are gearing up for the annual Sunderland Fair, planned for Sept. 12. Here are some of the high- lights planned for the annual exhibition: _ o The 149th Sunderland Fall Fair will include a Poultry Show to its agricultural showcase, which also includes the presti- gious Light Horse Show and the Heavy Horse Show with exhibitors across Ontario. o. Barry Van Camp of Blackstock returns with his incredible display of show dairy goats, including progeny of the 1999 Royal Winter Fair and the 2000 Eastern National Show Champion Sannen. o New this year, Mary Grant of Bolsover will provide a dis- play with on site spinning using wool from her own sheep. o Also, 4-H classes for both dairy and beef are part of the Fair with increased prize money to recognize the importance of youth to agriculture. o The "Canadian and Proud of It" theme this year is high- lighted with two fashion shows. Scott Shouldice of Sunderland will provide all-Canadian work wear, and Wendy James of Udora is coming with her col- lection of Hemispheres clothing. A free draw for an outfit of work wear will take place at the Fair. A Royal Canadian Mounted Police officer in traditional attire is also attending the Sunderland Fair. o Opening the Fair this year is the Teunis & Alice Molenaar Family of Sunderland. o Much-loved traditions are included also in this year's edi- tion of the Sunderland Fair. That includes Tuesday evening's Old Time Fiddler's Contest in the Arena, which hosts a large assortment of quality service and merchandise vendors throughout the days of the Fair. o Children will be delighted they can enter their pooch in the fun Dog Show and pets in the Pet Show, where every exhibitor gets a prize. Also, children will want to check out the new "Bat House" competi- tion in the fair book. o The arena this year promis- es to be jammed full of entries, with new-and revised classes for field crops and vegetables. It's also the place to see the quilts, flowers, crafts, baking, woodworking, photography and all kinds of juniorwork, including entries in the 2000 Sunderland re Fair's colouring contest for chil- dren, and the all new computer illustration competition. o The new Funland Midway operated by John Robertson, i sure to be very popularalso with the younger crowd. The first fair event will b the Ambassador Pageant on Sept. 9, at the Sunderland Town Hall at 7 p.m.. Everybody is invited to thé 149th edition of the Sunderland Fair. For information, a fair book and entry form, please call Sunderland Agricultural Society Secretary Cathy Hamill} Hill at phone/fax (705)432-3354. How much money do you need for retirement? The title of this article seems to be the most sought after answer for peo- ple who are either saving for their retirement or are actually in their retirement. Obviously, it is a very important question - you spend a lot of years working and saving to hopefully achieve your retirement dreams. Getting to the answer to the question is not as easy or straightforward as you might think. This means that constant planning and review is necessary to make sure you have done the best job possible to answer anyone that claims that there is a definite answer to this question, be highly suspicious of the advice that you have received. When do you want to retire? Obviously, the earlier you want to retire, the more money you will need. If you want to retire at age 60 and assuming you started work- ing at age 20 and that you will live until age 90, it means that you have 40 working years to save enough money to provide you with income for 30 years of retirement - no small feat to accomplish. What do you want your how do you want to live - what will your expenses be? Be careful not to under- estimate them. Don't forget about the effects of investment returns, taxes and inflation. These variables will have a big effect on how much money you need to save. The higher your investment returns, the less money you need to save. When you get to retirement, most of us become more conservative in your investment deci- sions because we are reliant on investment returns to generate income. This usually means that returns are lower than they . may have been previously, which means you need more money. And obvious- ly taxes will cut into your wealth too. What is your marital status? A single person that makes $50,000 per year will end up with less money after tax than a married couple who each make $25,000 per 'year. Granted, you may argue that a married couple will have more expenses because there are two peo- ple versus one, but your marital status can affect other sources of income due to such issues as OAS clawback and RIF calcula- tions. Your answers to these questions, can have a dra: matic effect on how long your retirement fund will last. Your financial advisor can help you determin how much money you nee to save to reach your retire ment goals and objectives Paul Wyli Investment Executiv ScotiaMcLeod Courtesy o Investment Consulting Services Personalized Wealth Management Program Balanced Planning Financial Group John Walhout, cMa, CFP | Certified Financial Planner "For all your family's savings, investment, retirement and life insurance needs" 258 Union Avenue P.O. Box 3294 Prince Albert, Ont. LOL 1C2 (905) 985-2363 lifestyle to be? Just as impor- tant as the length of time you will be in retirement is that question for yourself. The short answer - it depends. 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