SEMINAR - JAN 11, 2006

At our last meeting in January – we talked about the confusing world of RRSP’s – what they are – how do they work – and how to get your retirement planning back on track with RRSP loans. We went through an Investment Profile Questionnaire – to learn about your own risk tolerance. The Breze Salon & Day Spa’s Stylist Karen, gave Sandy Mclean a ‘Diva’ hair makeover, and Esthetician and Makeup artist Renee, made Mary Fields ‘glow’ with an eye and lip makeover. They also shared beauty secrets and educated us about ‘pampering’ ourselves! We had a lot of fun with a lot of laughs. Thank you to Julie Shannon from the Breze Salon for donating a Spa Manicure that was won by Simone Burrows.  

Here are some more  highlights from the January 11^th meeting …..

Do you find the world of RRSP's confusing?

A Registered Retirement Savings Plan:

• Saves you money today through tax savings

• Can provide you with a larger investment portfolio at retirement

But it only works if you actually use it.

What type would you like it to be? Do you know what to invest in? Do you know what investment choices to make? I find that most people think that an RRSP is a product unto itself. It is not.

The key component in registered retirement savings plan is the word plan.

What kind of investor are you? It is important to know so you can make informed decisions.

If you haven’t been contributing regularly to your RRSP, you’re missing out on an important opportunity to increase your retirement savings. Luckily, there’s an easy way to get your retirement savings back on track with RRSP loans.

Leverage Loans may be an alternative for women to ‘kick-start’ their retirement planning to help them reach their retirement goals.

 Everyone, especially women, should be taking advantage of RRSP’s to help overcome the financial challenges of lengthy retirements and less income to provide for them. Stats Canada shows that 48% of women between the ages of 60 and 65 live on $10,000 a year or less. Only 18% of men fall into this category. RRSP’s can ensure that our golden years, will indeed, be golden!