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Retirement Planning tips for financial security While government benefits have increased ihey cani be regarded as a sole si Retirement is a special time It marks the beginning of an entirely new set or challenges tics and rewards Research has shown that sue retirement is the result of effective planning However many Canadians do not ade quately prepare for their post employed years In fact statistics reveal that of Canadians age or older live on less than a year thai the median income is and thai get by on less than an Late starts The problem is that we start planning too late And its the middle class seems to get hit the hardest The poor who have been scraping by all their lives will continue to do so but middle- class people arent ready for the drop in living standards that they often suffer when their incomes plummet More Canadians arc discover ing that a secure financial future cannot be based on benefits solely from employee pension funds and government payments come additional savings and in vestment income is imperative to day to offset constant increases in the cost of living recommendations Many financial planners advo cate that retirees have their houses and late- model cars paid for before leaving the workforce They also recommend that workers contribute at least to of their gross income to an RRSP Then as retirement people should direct an additional of their gross income into savings and conservative in vestments TON HILLS OUT As a rule experts believe that re gular deposits to personal and spousal RRSIs should start be tween By saving a max imum of 10 of your pretax in come each year from your thirties on you will be well on the way to a worry free retirement And what if you are over Its still not loo late You just have to place a larger portion of your earnings in registered plans annuities and safe investments An important rule of thumb to keep in mind is that if you want to maintain your pre retirement standard of living you will re quire between Wo to of your former pretax earnings lesser of the two figures applies larger income households OOK Saturday November Private programs What arc some of the retirement programs which you should be considering to comple ment social security income and private pensions the least you should become knowledgeable about the wide variety of RRSPs annuities and RRIFs in the mar Registered Retirement Savings Plans RRSPs are the most retirement programs Many people however do not realize that there are a diversity of in vestments that qualify under the program including fixed income funds equity funds ty contracts with guaranteed or variable payments and doit yourself self administered plans GOODLETS RING THE BELL WITH 4 CUFT MICROWAVE RE605 Two Speed 35 Min Timer Dual Power Level on beautiful HOTPOINT Over The Range MICROWAVES CounterSaver Cu Ft Electronic touch controls Temp probe Whole meat cooking shelf Auto defrost Auto roast 5 memory stage Sec these and many other models at KNOCK OUT PRICES for a limited timet We carry a full line of replacement range elements and appliance parts 2 YEAR Full Warranty All Parts In Home Service Plus an extended three years parts and labour warranty on the magnetron eCU FT MICROWAVE New Rrwsse Senes Electronic touch controls 10 power levels Time of day clock Word prompting New auto weight cook defrost feature HOTPOINT 14 CUFT MICROWAVE Dual Wave Microwave System Electronic touch controls Temperature probe 12 hour delay Time of day clock Word prompting Defrost MICROWAVECONVECTION OVENS Offer the combined convenience of browning and crisping of conventional cooking with the time saving speed of microwave cooking 699 A DOWNTOWN GEORGETOWN SINCE I HOMELAND FURNITURE