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PR aan ar mame, Page 8 — Halton Hills This Week, Saturday, August 7, 1993 24 HR. PAGER ‘sales rep. SANDRA NAIRN* 877-5165 Tor. 874-3040 SOLD 877-5165 with adjoining 3 pe. bath, kitchen with dishwasher. Main 122i tub. Central garage & more! Call Sandra Naim’ toda UNIQUE & CHARMING Bright & spacious ~ backs level ~ private hedged & fenced ‘overlooking river ~ quiet, sa friendly neighbourhood close t "GO" service. Call Sandra Naim . __NQ and wonderful bun, all freshly decorated with 7 Updated, immaculate bungalow with fireplace, country kitchen, lity ceramics, new bathroom, with woodstove, 4th bedroom and office plus quality cerar bright rec. room Call Sandra ‘Naim’ 2700S 2 ACRES ,900. 92-2. NOW $319,000 4 ‘ Ichen — quality 10+++ Toms, vaulted family room with brick feature wall, fabulous oak 10 patio & lovely private yard, lots of extras, Call Sandra Naim" today, 99-2-972 itchen, rec. room walkout ONLY living/dinin LOWEST PRICES & LOWEST RATES Erin 833-9714 RAISED RANCH $175,000 open home only 8 yrs. old with main floor laundry/mud tm, low, Estate development minutes to features galore. Now bargain priced ~ see for yourself 922. Fabulous custom brick home back- L Carefree condo living in a young {amity neighborhood & park in front of your own unit..You get 3 bed- mas [i see s sid Today (Saturday) the CVMG (Canadian Vintage Motorcycle Group) holds its monthly vintage meeting at the Georgetown & Dragon Restaurant in Georgetown. Everyone, riders and non-riders alike are encouraged to drop by. Photo submitted HEATHER \ (WHITING) SCOTLAND Oak) vac, 4 REX fe) “Associate Broker Bus. 853-2086 Blue Springs Realty (Halton) Corp. Tor. 874-3053 Spacious Phase Il end unit features 3 bedrooms, master ensuite, sider walkout to 12 x 13 deck overlooking pond, super pine bar and and 5 appliances. Call HEATHER (WHITING) ‘SCOTLAND* at 859-2006, MACES-54 A REAL SHOWPLACE SYIERII) eDuce . peed and fot | te &| Plan for retire By Jim Carmichael Apart from the super-rich, every working Canadian ultimately has to answer an agonizing question - can I afford to retire? The answer to this ques- tion is intertwined with three personal objectives - when in terms of age, you would like to retire; where you would like to live; and what you want to do when you retire, To come to grips with the answer to these personal goals, you have to calculate the financial costs involved. In preparing a checklist, the first item to consider is what you will be entitled to receive from government Programs. The two major items are Old Age Security (OAS), and the Canada Pension Plan (CPP). Each of these plans is indexed for inflation, which means they will be adjusted to a point, to the increased cost of living. However, the value of these benefits my not continue indefinitely. It is important that you understand this warning, because the federal govern- ment has already tampered with the OAS as a universal entitlement. Ottawa will now reduce (clawback) some or all of your OAS payments if your personal (not family) annual income exceeds a limited, which is now just over $53,000 per year. Further, the limit is only par- tially indexed for inflation. It will be increased only if the Consumer Price Index exceeds 3 per cent. . The next major source of income is the Canada (or Quebec) Pension Plan. This well maintained 4 bed- room family home features > upgraded ind broad- |) 00m, cosy rec room with wood iad stove and backs onto a treed ravine. See it today with HEATHER (WHITING) TLAND* 853-2086, h 2 FMACI3-50_ 5 BEDROOM HOME $479,900 537 be Nupren This nearly new brick home Saw ( a features bright, spacious ~ Ne ? Ooms, parquet and ceramic if flooring and neutral decor. Good outbuildings, fenced pas- RMAC93-04 ) 6 SPACIOUS SEMI $144,900 “a 208 This spacious 3 bedroom home features a main floor family ‘oom, @rec room at ground level, € county size eat-in kichen and Scenic location across from the conservatiofi'area and play- {Qround: Call HEATHER (WHIT- ING) sct for more otal ‘RMACS3-47 PERMITS AUTO BODY SHOP $27: tat tunity youve ster ensuite, spacic . 1g combination, large RMAC93.39 kitchen with : Edema ov VACANT LAND 21H PRGEe Hurry for this great starter...Call Residential Real Estate Services a ‘Sandra Naim’. Nt 10 acres, treed, escarpment (Halton) $109,900 fown & Country Properties Division 12 acres, rolling (East Garafraxa) $99,000 Scott ty cous | 22 acres, qualifies for severance (Erin) $99,000 i i TONUHONAAUAA 97 acres, recreational on highway (Halton) $389,900 era a -75 acres, Credit River Pines (Erin) $149,900 DONNA ROBBINS ROYAL LEPAGE Please call Heather (Whiting) Scotland** (519) 853-2086 265 Guelph St. Georgetown OFFICE magi: 877-2300 ment wa However, unlike the OAS, the income you receive will depend on the contributions you have made over the years. So, if you retire this year and are entitled to the maxi- mum levels, you can expect income which will total about $12,400. Of course, if you are married and your spouse is also entitled to CPP and OAS your situation will be quite a bit better. However, there won’t be any money for extraordinary expenses or trips to exotic places during your retire- ment years. Beyond these sources of income you then need to look at the pension you might receive under an employer plan. Sadly, less than 50 per cent of Canadians belong to a com- pany plan. The remainder ace a somewhat bleak future, in terms of a comfort- able retirement. It is important that we give these matters some thought so that we can ade- quately prepare for our retirement. The time to do it is now! Jim) Carmichael ‘is a Financial Planner with Investors Group. He can be Teached at 416-236-2564. "Helping people find their 877-0173 Sales Representative Mmmmmmmmmy iii Sie