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e A Jakville Beaver | Thursday, October 27, 2022 | MONEY MATTERS AS INFLATION SOARS, HOW CAN | PROTECT MY RETIREMENT NEST EGG FROM LOSING VALUE? THE BEST WAY TO FIGHT INFLATION IS TO ” MAKE SURE YOUR PORTFOLIO IS EARNING HIGHER RETURNS THAN THE INFLATION RATE SRIVINDHYA KOLLURU Canada's inflation rate was stuck at a whopping seven per cent in August and that higher rate is eat- ray at your retire- Mon ‘pert Jessica Moorhouse “offers anexam- ple: Let's say you need $4,000 per month to live off in retirement in today's dollars, or $48,000 per year. Adjusted for inflation with a three per cent inflation rate, in 35 years you'll need $135, co per year. what you do, inflation will eat into your nest egg and future income, but there are strategies fo for r mitigat- ing inflation‘: For one, “Moorhouse says you should ensure your investments are actu- ally invested, and not just sitting in cash in your Reg- istered Retirement Savings Next, she recommends understanding what you're investing in and making sure your investment port- foto! has a an p appropriate as- een et hice a me fixed-in- come investments (bonds, GICs and money market funds). If you told your finan- cial adviser that you want to be safe with your invest- ments, your _ portfolio might be ultra-conserva- tive. Conservative portfo- s are considered low risk, but tend to generate lower returns over time and are more vulnerable to being overtaken by infla- Moorhouse says the SCothip please email Fio a | 28 Dreamstime photo One of the best ways to fight inflation is to make sure your portfolio is earning higher returns than the inflation rate, says one financial expert. best way to fight inflation is to make sure your portfolio rf caning higher returns inflation rate. ou ‘on periods of time, the stock market has deliv- ered returns higher than the inflation rate in Cana- da, so you should ensure you have a healthy dollop of stocks. Depending on your risk tolerance, stock market holdings should make up between 40 per cent and 75 Ew outtelelcsucaje-tusst-iune) etetebeet—ce bt: per centof your portfolio. A good method for ensuring diversity and low invest- ment costs is to invest in stocks via ETFs. Roesonal finance expert ina Ahm« lag says as vou en closer to when you eed the money, you may} want to move more of your funds into fixed-income in- vestments, such as bonds or GICs, "If you are getting closer to retirement, it's a good com or call 2 idea to take some money out of, Say stocks, and put the future," says Ahmed- Haq. That way if the market tanks just before you retire and start drawing down your portfolio, you'll have some funds in a safe har- bour to live off until the markets recover. DIRECTORY, u'd like to advertise your place of worship in this feature 9-293-0691 insidehalton.com OAKVILLE ADVENTIST COMPANY GLEN ABBEY akville Pentecostal Apostolic Centre OAKVILLE PENTECOSTAL APOSTOLIC CENTRE (St. Paul's United Church) ville, ON inday Service 12:30 - 3PM Worship Service ‘Sunday Evening: 7:30-9PM (Via Zoom Virtual Platform) *Covid-19 Safety Protocols Strictly followed." Tel: 416-892-8123 Fax: 1-866-281-5983 Bishop M. Brissett Email: mjbrisse@yahoo.ca JESUS IS LORD Virtual Worship Services on Zoom: Zoom ID : 867 6764 2331 worship Saturdays 10 AM - 1:00 PM ‘Wednesdays 7:00 PM ‘Thursdays 6:30 PM Pastoral Services Available for Community In-person worship resumes July 9th, 2022. {As of July 9°, 2022 - choose between In-person (1250 McCraney Street East) and virtual 200m services. Services may be accessed virtually and in person £3 > ‘We Press On’ Te 209-090-671 ke Ewen (Senior Pastor) Pastor Carl Cunni (Associate io Pastor Dean Tashington (Lead Elder ‘Twitter: @Oakvillesda Email: oakvillechurchsda@gmailcom [FJ UNITED CHURCH Remembrance Sunday It’s your choice: WORSHIP L LIVE AT 10AM! w optional OR VIEW ON-LINE SERVICE ON YOUTUBE LATER donations glenabbeyuntedchureh com u and God Bless y¢