in si de ha lto n. co m O ak vi lle B ea ve r | T hu rs da y, D ec em be r 17 ,2 02 0 | 42 PenTACOSTAL UnITeD DIRECTORY If you'd like to advertise your place of worship in this feature please email Kelli Kosonic kosonic@starmetrolandmedia.com or call 289-293-0691 PenTACOSTAL kk Worship Tel: 416-892-8123 Fax: 1-866-281-5983 Bishop M. Brissett (Pastor) Email: mjbrisse@yahoo.ca Jesus is lOrd Oakville PenTecOsTal aPOsTOlic cenTre 454 Rebecca St (St. Paul's United Church) Oakville, ON Sunday Service 12:30 - 3PMWorship Service Sunday Evening: 7:30-9PM (Via Zoom Virtual Platform) *Covid-19 Safety Protocols Strictly followed.* 1469 Nottinghill Gate, Oakville 905-825-5292 www.glenabbeyunitedchurch.com GLEN ABBEY UNITED CHURCH REV. TED VANCE EPIPHANY SUNDAY! Your Best New Year Resolution? ...Come to Church! THIS SUNDAY, January 5th: 9:30am Coffee, Tea, Hot Choc, Cookies and Conversation 10:00am Worship Service and Fun Day Sunday School Message: VERY WISE GUYS Matthew 2:1-12 Here you will find Church the way you wished it could be! Friendly people, Great Music Jesus, God and the Holy Spirit! FAMILY FRIENDLY CHRISTMAS EVE ONLINE EARLY ON DEC 24th! and search Glen Abbey United Church OR Click on www.glenabbeyunitedchurch.com To help your Church survive the pandemic, please send e-transfers to: donations@glenabbeyunitedchurch.com Thank you and God Bless you! In keeping with health recommendations, we are pausing in-person services. FOR ONLINE CHURCH SERVICE available anytime GO TOYOUTUBE.COM This Sunday, December 20th FOURTH SUNDAY IN ADVENT! Gift purchase is subject to applicable taxes. Subscription will be billed as a one-time fee, and will not renew at the end of the subscription period. No refunds or cancellations are available following gift purchase. 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BEST VALUE Give the gift of trusted news $39 3-month Digital Subscription $69 6-month Digital Subscription $99 1-year Digital Subscription includes $25 gift card to Dear Money Lady, Going into retirement as an older single woman is more daunting than I thought it would be when I got divorced five years ago. I haven't even updated my will yet, and I don't know what to do about my cur- rent mortgage. It's just so much to think about all by myself ! Any tips for us old- er single ladies? Single in my Sixties (Bernice) Dear Bernice, In 2001, there were more than 1,500,000 single wom- en in retirement; today, there are over 2,600,000 Ca- nadian women living alone. Women tend to live longer than men and many divorced or widows are simply choosing to remain single in retirement. This has created unique chal- lenges for women today. Many retired women re- ceive much less than their male counterparts. Often women have not worked the same amount of years as men or have earned less income during their work- ing careers and therefore do not receive the same pension benefits. They are also much more conserva- tive when investing than most men. A recent study done by Bank of Montreal showed that men were more likely to hold stocks and mutual funds in their investments, whereas women were more likely to hold GICs. So, what are our single ladies to do? We as women need to support one another and become more knowledge- able about our future op- portunities. We need to ex- pect more from ourselves and definitely more from the people we interact with. Start by educating your- self. When we know more, we make better decisions and feel more empowered to improve our situation. Start to know what your true financial picture looks like. Buy a notebook and create a budget -- your new financial plan. Review all your investments, insur- ance and taxes. Do you have a good financial advis- er? Do you have a good ac- countant? It is important for you to have a well thought out strategy that provides for the unexpected. You should have an easily accessible emergency fund, like a line of credit or savings ac- count. This will help pay for unexpected costs that are not built into a budget. For your investments, we must ensure your portfolio grows with products that offset inflation and taxes. Remember that risk is a rel- ative term and as a single woman in retirement, there is more risk to doing nothing than for those who try to improve their situa- tion. Review your invest- ment portfolio with your adviser, get involved and ensure you have the correct asset allocation to provide compounded growth year over year. If money is tight in re- tirement, then maybe it is time to review your overall situation. Can you down- size (or rightsize) to some- thing less expensive. Can you continue to work part- time or is there something that you may be uniquely qualified to do that will pro- vide a little extra income? In establishing your finan- cial plan, assess your basic needs and ensure they are covered by an income source that is guaranteed for life. It also goes without saying that every good fi- nancial plan should have an up-to-date will and pow- er of attorney. Start taking control of your life, your future and your finances -- for those of you who already have, then bravo! You go girls! Bernice, don't be less than you can be. You will some- times feel self-doubt, and that's OK; just don't allow yourself to stay there. Reach further to all your future possibilities no mat- ter what age you are. You have the power as a single woman -- so make it hap- pen! Good Luck and Best Wishes, Money Lady Christine Ibbotson is the author of the bestselling book "How to Retire Debt Free & Wealthy" and a new book "Don't Panic -- How to Manage your Finances and Financial Anxieties During and After the Coro- navirus," available at all bookstores across Canada. If you have a money ques- tion, please email on websi- te: www.askthemoneylady- .ca. Follow her on Faceboo- k and Instagram. OPINION ASK THE MONEY LADY: NAVIGATING RETIREMENT AS A SINGLE WOMAN THERE IS MORE RISK IN DOING NOTHING THAN FOR THOSE TRYING TO IMPROVE THEIR SITUATION, WRITES CHRISTINE IBBOTSON CHRISTINE IBBOTSON Column