Oakville Newspapers

Oakville Beaver, 24 Nov 2010, p. 3

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FOR INVESTORS OVER AGE 50 WHO ARE PLANNING TO RETIRE OR HAVE ALREADY RETIRED AND WHO WANT TO AVOID COSTLY MISTAKES Peter Watson MBA, CFP, R.F.P., CIM, FCSI Peter is a well-known financial educator in Oakville. Mr.Watson has taught people how to preserve their assets, increase their income and reduce income taxes. Peters opinion and advise is regularly requested. He has written over 400 articles on Investments and Wealth Management. Since founding Peter Watson Investments in 1991, he has been voted the Best Financial Planner in Oakville nine times. Do not miss this opportunity to hear one of Oakvilles most knowledgeable speakers, and learn how to avoid the six most expensive financial mistakes made by retirees. To reserve your seats email us at info@peterwatsoninvestments.com or call us at (905) 842-2100 Ext: 6 (24 hours) YOUR PRESENTER THURS Nov 25, 2010 10 am, 2 pm, 7 pm SAT Nov 27, 2010 10 am DATES OLIVER AND BONACINI RESTAURANT Oakville Place (Trafalgar & QEW) Seats are FREE but limited LOCATION Six Mistakes Retirees Make with Their Finances And How to Avoid Them 1. Paying too much tax 2. The pitfalls of mutual funds 3. Getting asset allocation wrong 4. Three problems with investment fees 5. Failure to understand the stock market 6. Erosion of purchasing power with infl ation Hopedale Hearing Clinic In Hopedale Mall, next to the CIBC 1515 Rebecca Street, Unit 38, Oakville 905-827-7333 BEST HEARING AT BEST PRICES 60 DAY GUARANTEE WARRANTY $295HEARING AID SPECIAL 3 W ednesday , N ovem ber 24, 2010 O A KVILLE BEA V ER w w w .o akvillebeaver .co m The cause of the fire is unknown and an investigation is ongoing. Crews were sifting through the fire debris on Monday afternoon, looking for evidence of the cause of the fire. Fire investigator Steven Klimpel, from the Office of the Fire Marshal, said evidence will be sent to a forensic sciences lab and results may not return for three to four months. The fire began around 1 a.m. Saturday in the unfinished home in the residential area. The Oakville Fire Department arrived on scene at 1:16 a.m. According to Oakville Fire platoon chief Dan Stacey, it took several hours for firefighters to extinguish the flames. Firefighters were still hosing down the wreckage in the morning. In total, 36 firefighters responded to the fire. During the initial response four pump trucks, two ladders and two rescuers were called to the scene. The fire service did a great job suppressing the fire, Klimpel. When I arrived the actual structural walls were unsafe, so we had to knock them all down to make it safe for entry. When the fire had been subdued, the burned walls were still standing. However, those walls were knocked down and only the homes foun- dation remains. The home had only been completed on the exterior, but was unfinished inside. The inside was just stick framing, there was no drywall, no insulation, Klimpel said. The entire structure of the burned house will have to be rebuilt, including the foundation. Klimpel did not know what will happen to the two damaged neighbouring homes, saying that decision is up to the insurance companies and the builder. Chua is unsure what will happen to his home. Hes consulting with lawyers to see what actions are open to him. Hes also looking into finding long-term accommodations. He also worries about what may have caused the fire. If (its arson), its really too bad for the com- munity because now everyone in that area is at risk, he said. If its arson, then it was contem- plated and with those kinds of things even the best security alarm will probably not be able to prevent this. Shawna Salvo, who owns the damaged house on the other side of the gutted home, said the situation is upsetting. She, her husband and two children were six weeks away from moving into the nearly fin- ished home. The family had waited about two years for the house to be built. Its upsetting because we were excited and looking forward to moving into our home soon. Were grateful that we werent living there and no one was hurt, Salvo said. I would like to say thank you to the fire- fighters. Looking at the pictures I see they worked diligently to save our home. Im grateful we have them. Cause of house fire under investigation TIM KOCSAR / SPECIAL TO THE BEAVER HOUSE GUTTED: Bystanders watch flames consume an Allison Crescent home (top) on Saturday morning. Little remained of the house the next morning (above). Continued from page 1

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