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RRIFs provide flexibility for your income after 71 HILLS OUTLOOK Saturday IMS Pages If you have saved for your retirement through an RRSP or another registered plan then prior to your birthday you must select a recognized retire ment vehicle to keep your savings tax sheltered Of course you could choose instead to collapse your and take the cash but that would normally be wise because it would substantial ly raise your income and your tax bracket for that year There are two categories of post retirement vehicles available to you Both allow you to the tax sheltering which allowed your to grow throughout the years They are annuities and Registered Re tirement Income Funds RRIFs and due to legislation passed in late 1986 both offer you more flexibility than ever before What a A RRIF is very much like a bank account from which you withdraw income payments each year However government regu lalions stipulate the minimum amounts of funds which must be withdrawn annually In effect what has been created is an in dcxed income until age How does minimum in come rule work Under a Income pay ments depend on the difference between and the current age of the recipient at the beginning or each year For example if you elect to buy a when you dissolve your RRSP at age in the first year 119 of the fund will be paid as income In the second year 1lSth is paid out and so on until age when the balance of the fund is paid As long as the amount withdrawn from an equals or exceeds the government minimum an individual can vary hisher annual payment to suit personal needs The of removing additional amounts however would be to lower future payments from the RRIF If death occurs prior to age the remaining scheduled payments can be made to a spouse named as the beneficiary or commuted become part of the estate of the deceased to be paid to survivors How spousal protection do you have The objective of an is to provide income for you until age 90 However if your spouse is younger than you are it may be desirable to provide spousal pro tection until heshe reaches age In that case the government required minimum can be cal culated according to your spouses birthday instead of your own Under such stipulation the amount of regular income payment is reduced because the capital and interest must provide a stream of income over a longer period of time RRIFs and annuities secure and flexible assets for your senior years A powerful tandem to have working for you when your work ing days are through For further information con tact Life Underwriters Associa tion of Canada 41 Rd Don Mills Ontario 273 416 or speak to your local underwriters a Reducing Salons omen e location of your choice lie Orangeville Cambridge Richland Hill n Arm Bar Movement about 10 for stretch The SoloFirm Exerciser Each section of the SoloFirm exerciser moves independently providing significant passive exercise to all the major areas of the body in a sequential order Circulation is improved muscles are toned and fat begins to break down When used in conjunction with a sensible diet three or four treatments hour each on the SoloFirm exerciser can produce one to two pounds of weight loss per week Shoulder Movement Pivot Up and Down About 10 Hip Movement Left Hip and Right Hip 360 Opposite Rotation No disrobing No Medical Restrictions For women No age restriction No showering Firms Body After Weight Loss Loses Inches where needed 310 Guelph St Unit 5 Georgetown Sex please give us a call at