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Page 4 — Halton Hills This Week = Financial Update ‘93, Wednesday, January 13, 1993 Check with State Farm A Competitive Rates on Individual Retirement Annuities. A Guaranteed Lifetime Income. A Waiver of Premium for Disability Option A “Good Neighbor” Service. LORA GREENE The employees of the Bank of Montreal are looking more relaxed after extensive renovations at their branch located in the Georgetown Marketplace Mall. They will celebrate a Customer Appreciation Day on February 3rd. Refreshments will be served. Be sure to attend. Consider your RRSP an investment As the deadline for 1992 Registered Retirement Savings Plan (RRSP) contributions approaches, some important points of reminder once again need to be addressed. Most Canadians have come to realize that the big attraction of an RRSP is that contributions are tax- deductible when it comes to filing income tax returns. Another tremendous benefit derived from an RSP is that as long as money remains in the plan, the income the original investment generates accu- mulates within the RRSP on a tax- free basis. Recognize, however, that when RRSPs were created in 1957, the objective was to allow Canadians to build a pool of capital for retire- ment income purposes. Yet, according to Revenue Canada, of the 2.4 million people age 65 and over filing income tax returns in 1991, an astonishing 54% revealed incomes of less than $15,000 per < ear. This one fact alone suggests that it is imperative to regard RRSPs as more than just a tax shelter. When it comes to investing in your future comfort, you should-never lose focus as to the long-term benefit an RRSP can provide. For example, a $200 per month contribution earn- ing 8% per annum would accumu- late to $283,000 after 30 years. However, if the identical $200 per month contribution is made earning 12% per annum, over $616,000 would accumulate after 30 years. That is an additional $333,000. Which brings us, finally, to reaching a purchase decision. There are two basic types of investments that you can consider in your RRSP. One is interest-based invest- ments - those that depend on inter- est rates, such as GICs and treasury bills. The other is equity-based investments - those that depend on the stock market, such as mutual funds and common stock. Historically, equity investments have given higher rates of return than interest-bearing investments over the long-term, but are unpre- dictable over shorter periods of time. Whatever your choice, great time and care should be taken in choos- ing an investment mix best designed to maximize growth over time. The role of your financial planner is to advise a portfolio mix most consistent with your comfort zone while at the same time capa- ble of earning your investment those extra percentage points. Jon Jurus and Jamie Gerovac are account executives for the Investors Group. They can be reached at (416) 450-1500. IFIRIEIE IPUBLIC SIEMIINAIR REGAL CAPITAL PLANNERS LIMITED PRESENTED BY Canada's Largest Independent Financial Planning Organization INCREASE YOUR WEALTH Visit Your Local SPECIAL GUEST SPEAKER Jim Douglas, Vice President, Trimark Investment Management Inc. “Good Neighbor” SEMINAR HIGHLIGHTS LORA roe GREENE Agent - 4 ways to lower your taxes - How to generate tax free income *RRS.Ps - How they become more than just a tax-saver - Why you must increase your rate of return *INFLATION _ - How it affects your income requirements 72B Main Street N. - How to beat it and hedge your investments Moore Park Plaza * CASH - What to do about today's low interest rates Geor g etown - How to increase your rate of return DATE: Tuesday, January 19, 1993 873 1 61 5 TIME: 7:30 p.m. La! PLACE: North Halton Golf & Country Club, Maple & Trafalgar Rds, Georgetown SEATING IS LIMITED TO 100 PEOPLE Please call Bill Hopkins at 416-873-2381 or Pete Masson at 416-877-7216 to reserve your seat REGISTER EARLY, THE FIRST 20 PEOPLE TO RESERVE AND ATTEND WILL RECEIVE A COPY OF "THE MONEY COACH" BY RILEY MOYNES All attendees will receive a copy of the new 1992 edition of Ernst & Young's "Managing Your Personal Taxes" Like a good neighbor, INSURANCE | State Farmis there. ® State Farm Life Insurance Company Canadian Head Ofice: Scarborough, Ontario