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Ha Rr TIT ity 24 - PORT PERRY STAR - Tuesday, May 17,1994 "Scugog's Community Newspaper of Choice" When people retire, they are frequently advised to put their money into a term deposit or a guaranteed investment certificate and live off the interest. At first glance, this may seem to be a wise decision because the income from the interest initially appears to be sufficient to meet their needs. Over the years, however, the income received decreases in real value because of the effects of inflation and the taxes paid on interest income. One alternative that can counteract the effects of taxes and outstrip inflation is a Systematic Withdrawal Plan. Available through many mutual fund companies, Systematic Withdrawal Plans are extremely flexible and can provide an opportunity for your invested capital to grow while you withdraw an income at the same time. For example, suppose you had invested $100,000 on September 1, 1981 in Trimark Fund, at its inception, and decided to withdraw a regular income of $825 a month beginning October 1, 1981. By December 31, 1982, you would have withdrawn $12,375 and your account would have grown to $122,827, assuming you reinvested all 'distributions. And over ten years later, on September 30 1992, you would have withdrawn over $108,000 and still have $299,026 left in your account. On the other hand, suppose you had chosen to invest your $100,000 in a security earning 10 percent interest and had withdrawn $825 a month. Your investment would still be worth $100,000 after 15 withdrawals, but your $12,375 in payments from the plan would have been taxed at your highest marginal rate. And today, your plan would be worth about $94,000. 'Systematic Withdrawal Plans in the right mutual funds, therefore, have two significant advantages over other investments - a rate of return that usually exceeds traditional interest-bearing investments over the long term, as well as favorable tax treatment. You get better tax treatment from Revenue Canada because your income consists of more than just interest which is fully taxable. With a Systematic Withdrawal Plan, it consists of interest, dividends, capital gains and return of your initial investment. To open a Systematic Withdrawal Plan such as SYSTEMAT Trimark's, you need only deposit $5,000 in one of the Trimark family of mutual funds. Then, you choose how much you should withdraw from your account on a monthly, bi-monthly, quarterly, semi- annual or annual basis. This amount will be transferred to your bank, trust company or credit union account, or to any person you choose to designate as recipient. If withdrawals from your account exceed the total return of the fund, the money needed to meet your requested payment will be deducted from your original capital investment. But since Systematic Withdrawal Plans are flexible, you are not locked in to a fixed payment schedule. You can increase or decrease your payments to suit your specific needs as they change. As an investor, you should be aware that the plan's value will increase or decrease, depending on the value of the investments in the Fund. Many well managed funds have earned an average annual return of 15 percent over the long term. Some have earned even greater returns during periods of strong economic growth. It is this consistency and ability to outperform that have led thousands of Canadians to put their money into mutual funds. Mutual funds have proven time and again that they are the perfect vehicle for providing investors with a solid income while allowing their original investment to grow. Talk to a professional financial planner about setting up a Systematic Withdrawal Plan. It could be your passport to a more secure future. IC WITHDRAWAL PLANS (OUTPERFORM. Outperformance is the best way to maximize your savings, stay well ahead of inflation and build real wealth over the long-term. Get the numbers you need to get your investments outperforming. ATRIMARK MUTUAL FUNDS WE MANAGE. To OUTPERFORM. Fund performance to March 31, 1994 FrRiNARK FU ND 30.2% 24.5% 16.7% 16.8" 1 YEAR 3 YEARS 5 YEARS 10 YEARS 246% 158% 124% 13.6% I YEAR 3 YEARS 5 YEARS 10 YEARS BOB GOW (905) 434-7156 * 1-800-267-1522 RICHARDSON GREENSHIELDS hype ------------ ER --.--------_------ Investment advisors to Canadian enterprise and enterprising Canadians 111 Simcoe Street North, Oshawa, Ontario L1H 7M9 All returns, audited by Emst & Young, Chartered Accountants, are historical annual compounded total rates of return and reflect changes in unit value and distributions reinvested. They do not take into account sales charges or administrative fees payable by unitholders which would have reduced returns. Past future results. Your unit value and investment return will fluctuate, I contained in its simplified prospectus. Read your prospectus carefully financial advisor mentioned above. performance does not guarantee rtant information about any mutual fund is before investing. You can obtain one from the He FRAMER'S GALLERY since 1976 AWARD WINNING PICTURE FRAMERS specializing in . . m conservation framing - = oversize framing = = needlework stretching = = custom shadow boxes = = limited edition prints = 905) 985-2543 237 QUEEN STREET = PORT PERRY rer in Kron a st ire tert are n