Real Estate;. The OakvilleJBeaver, W ednesday January 18, 2Q06 - 21 Save for retirement or pay the mortgage Which should take priority? (NC)--Most Canadians are saddled with a mortgage while they try to save for retirement. Concentrating on paying down a mortgage may be the best route for one person, while focusing on an RRSP may benefit another. With the help of a finan cial advisor, you can decide which is most important for you. To try to get the best of both worlds, you may want to maximize your annual RRSP contribution, then use your resulting tax refund to pay down the mortgage. Here are a few key factors to consider when making your decision: · Your age. The younger you are, the more priority should be given to your RRSP. If you are less than 15 or 20 years from retirement, consider reducing your mortgage. Once the mort gage is paid off, redirect as much of that money as you may be wise to invest in an RRSP. The can into your RRSP. · Your tax rate. If you are money invested into an RRSP is gener in a high tax bracket, RRSPs ally more accessible in an emergency may be a great tax-saving than home equity. · Your pension plan. If you have a strategy. Unless you plan to move up to a more costly generous workplace pension plan, pro home, you should consider viding a secure retirement, you may be maximizing your RRSP con able to concentrate more on your tributions and using any mortgage than your RRSP. · For financial, planning and invest excess cash to pay down ment information visit your mortgage. · Your mortgage rate. If www.investorsgroup.com. This column, written by Investors your current mortgage rate is low, it may make more Group Financial Services Inc., is pre sense to invest in an RRSP, sented as a general source of informa where you may be able to tion only and is not intended as a solic generate a higher rate of itation to buy or sell investments, nor return. However, if your is it intended to provide specific per mortgage is locked in at a sonal professional advice. - News Canada high rate for the next sever al years, paying it down may save you more in interest than you could generate on an after-tax basis from ULTIMATE investments within your SERVICE * X RRSP, · Your general financial health. If you're worried about access to cash in the future because your job SERVING OAKVILLE & SURROUNDING AREA may be in jeopardy or because of health worries, it L i lli a n S m it f is Associate Broker · 100% Club · H a llo fFame · # 4 RE/M AX B r ia r w o o d O f f ic e lcssm ith@ sym patico.com Aboutowne Realty Corp., Realtor T l r 1842-7000 LUXURY FREEHOLDS BY THE LAKE $479,000 - $529,000 Offering entertainment sized principal rms, eat-in kitchens, huge terraces, family rms, 3 bdrms, king size master suites, 2-1/2 baths, oversized dble garages, these executive TH s are surrotind by mature landscaping, have private use of tennis crt., & walking distance to Harbour & Village. If you are looking for exceptional value in Bronte, call Lillian Smith 905-842-7000 for further details. Anell Francis Real Estate 905 . 849.9800 Stunning bungalow, 232'treed gdn. Main fir mstr & 2 huge bdrms on lower level. Amazing kitchen w/granite counters overlooks the bi-level great rm (16' cathedral ceiling) w/stone FP, skylites, 2 1/2 luxurious baths & more. Flex poss. Virtual Tour, MLS#1070962 Please call Anell*** or. Ame* O U T H EAST PEACEFUL CHARM * Renovated townhome, designer decor * Stunning new kitchen, pot lights * Gleaming hardwood floors Sales Representatives plus 2nd level nanny suite. Approx 3000 sq ft, 194' private gdn., 3-1/2 baths, a perfect setting in Olde Oakville. Walk to GO, steps to Hospital & MacLachlan College. MLS#1070937 Open House Sunday 2 - 4 , 2 8 7 MacDonald Rd Please call Anell*** or Mary-Jo** (27'x23'), skylites, pot Its etc. overlooks private sprinklered gdns & flagstone patio. Many updates incl: kitchen w/Corian counters, all 2-1/2 baths, win dows, a stunning lower level family/media rm & much more. Steps to the lake-on Bennington Gate. Flexible poss. Virtual Tour, MLS#1070243 Please call Anell*** or Ame*___________ ______________________________ * Quality berber carpet in rec. room * Three good bathrooms incl. ensuite * Prime Mississauga gated complex * Backing onto wooded ravine * Rec Centre, pool, gym, games room * $ 3 3 9 ,0 0 0 RIVER OAKS Aboutowne Realty Corp., Realtor T e-mail: abwatts2000@cogeco.ca For more information about Oakville and our listings, please visit www.angelawatts-realestate.com ABSOLUTE D0LLH0USE w/charm abounding throughout Hdwd firs., oak kit, updated roof, windows, fur nace, 3 bdrms, separate LR & DR. Bsmt neadv for future entertainment/rec rm. Sought after location steps to downtown Oakville shops & restaurants, the Lake , Harbour & GO train. Mature treed lot Ideal for the first time buyer, interior renova tor or empty nester. Virtual Tour MLS #1071251 Please call Anell*** or Mary-Jo** New listing in family friendly neighbourhood steps to elementary & high schools. Premium 50' private pool sized lot. Overlooks park & protected wooded conservation area. Oversized bdrms, main fir fam ily rm, laundry, formal LR & DR. Impeccably maintained thruout. W ill not last!! Virtual Tour, MLS #1071142 Please call Mary-Jo** BURLINGTON JUST LISTED! Desirable Balmoral 1. Main fir, with 2 balconies overlooking easterly views. 2 bdrms & den, 2 full baths, fireplace, CAC, underground parking & locker & California shut ters. A must to view. Flexible poss. Great access to 407, QEW, & shopping. Oakville MLS #1071337 To view Please call Anell*** or M ary Jo** RENOVATED FROM TOP TO BOTTOM Beautiful 2 bedroom condo located off highway 24 in Acton. Upgrades include refinished parkay flooring throughout livingoom, diningroom and both bed rooms, imported Italian ceramiic tiles in the kitchen and bath, new whirlpool tub and white washed cupboards. This unit has a built-in laundry ensuite for your convenience. A great investment. Please call/em ail: PAUL MEGNA, Sales Rep. (905) 547-3553 or paul@megna.com Fabulous retirement lifestyle. Call today to view this stunning 1 bdrm plus den. Enjoy lakeviews from your private balcony, 5th fir (pent house). "State of the Art" amenities & quick possession. Virtual Tour, Oakville MLS#1068003 Hamilton MLS#H218023 Please call Anell*** 4060 LONGMOOR DRIVE 3 newly renovated 3 bedroom condo townhouses to choose from in the heart of Burlington! Located off New St. and Walkers Line, these 3 units include several features painted from top to bottom in neutral colours. New and refinished hard wood floors throughout. Close to strip mall, school, GO train and pub lic transit. Units each at different stages of development and starfina from $169,900. Please call/email: PAUL MEGNA, Sales Rep. (905) 547-3553 or paul@megna.com ANELL FRANCIS ilro k v rlO tn v 'T Fretid&it'g Elite M A R Y -JO H IL D E B R A N D T i'i.'c ftmfcr Acm-dik-d mi F R A N C IS Sale* Hep, D iam ondS ociety L IN D A JO A K IM Sales Rep. . {vKm ititr So We Stage Homes V iriualT ours: cbeaMI1e.com & coidweHbanker.ca See us also at m ls.ca & reaftw .com · afrancisrealestaie^beUnelca A n in d e p e n d e n tly o w n e d a n d o p e ra te d M e m b e r B ro k e r o f C a ld w e ll Banker A ffilia te s o f C a n a d a . O v e r 3 3 0 0 O ffic e s A c ro s s N o rth A m e ric a