Lake Scugog Historical Society Historic Digital Newspaper Collection

Port Perry Star, 28 Jan 1986, p. 16

The following text may have been generated by Optical Character Recognition, with varying degrees of accuracy. Reader beware!

16 -- PORT PERRY STAR -- Tuesday, Janvary 28, 1986 Invest lottery cash | in a sure-thing win The fever builds all week as the lottery jackpots grow. All over the country, Canadians are plunking down their money to buy their chance to become fabulously wealthy. In Ontario, 85 per cent of all households buy lottery tickets. That keeps the provincial government very happy and very rich. From 1983 to 1984, for example, Ontaric lottery ticket sales totalled $661.8-million. Still Ontario residents continue to plunk down their money for their chance to realize their dreams of money, houses, cars, trips... And, really, there's nothing wrong with lotteries as long as you don't spend too much on them and pro- viding you realize your chances of cashing in on a dream are just that - a dream. The danger comes in if you start thinking of lotteries as a realistic way of providing for your retirement. They're not. There's on- ly one way to ensure your financial security in your golden years - start saving for your retirement with a Registered Retirement Savings - Plan (RRSP) right now. A savings plan is the only way you can be sure the money you'll need in your retire- ment will be there when you need it. Not conviriced? Then, consider the odds - they're all against you. For the popular Wintario, the se- cond prize is now $100,000 and your chance of winning it is 1 in 4 million. Even if you are 25 now and play Wintarios until you retire at 65, your chances of winning that $100,000 are remote at best. So how would you like a guaranteed way of getting $100,000? I've got a sure thing for you - sav- ing through an RRSP. If you put just $15.81 a month into an RRSP for the next 40 years at 10 percent interest, you'll have your $100,000 when you retire at 65, And that's guaranteed! Along the way you'll earn a tax deduction and watch your money grow faster. If you're at the 30 percent marginal tax rate - roughly anyone making from: $17,000 to $22,000 a year - that $15.81 a month will real- RENT 7A & WATER STRIPPER 1/72 PRICE WEEKDAY SPECIAL Pickup 9 A M. Return by 4 PM. WALLPAPER PORT PERRY SAVE Watch for our "GRAND OPENING" coming soon! 985-7771 SAVE-SAVE-SAVE ALL FALL & WINTER ALL SLIPPERS ALL PURSES ... BOOTS - PUMPS - FLATS 25% to 50% Off en ....25% OFF 15% OFF - SHOP EARLY FOR BEST SELECTION -- DURHAM SHOES inc. 230 QUEEN STREET - PORT PERRY "YOUR FOOTWEAR SPECIALISTS FOR LADIES, TEENS, ANC "HILDREN ® ZX ly only cost you $11.06 when you sub- * tract the money you'll get back on your taxes because you put money into an RRSP. And you won't be tax- ed on the interest you get inside the RRSP so your pool of money will . grow more quickly. The typical Ontario lottery player spends an average of $8.50 a month on his or her lottery purchases for a poor chance of taking, for exam- ple, the $100,000 Wintario prize. For just $2.56 more a month (after figur- ing in your tax deduction benefit) you can guarantee you'll cash in on $100,000. The choice is obvious. Graduate Jackie Willis, daughter of Mr. and Mrs. Bruce Willis, graduated from Centennial College School of Nurs- ing, receiving her R.N. certificate. - Sweetheart Sale UP TO 60% OFF From Feb. 1. For 14 days only at our Blackstock Studio. You (or your sweetheart) can save dramatically on a good choice of high fashion knitted fur jackets and coats. Most are one of a kind so come early for best selection. Paula Lishman Limited 62 OLD SCL GOOG RD BLACKSTOCK ONT 686-1935 or 986-5096 Mon Bn 9am 4pm Sat 1am r m Pushing off, a bearded skier puts everything he has into the Molstar race at Dagmar, trying to beat the clock's 17 seconds, set earlier in the day by a Mr. Brown. A . skier tucks in as he zips down the final few yards of the Molson Molstar run at Dagmar Sunday afternoon. : HLEEN JACK KATHLE NICHOLSON TURNER ava ny ['} Le ABECTION TURES [J . | - RH vis t DIGITAL sounp A= 76 BALDWIN ST. - BROOKLIN 68 WATER ST. - PORT PERRY 655-4229 985-9888

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