Retirement
Planning
For most Canadians, retirement is a major financial goal that requires
considerable financial commitment. 49% of Canadians hope to retire
before the age of 60. (Statistics Canada, Summer 1997 Perspectives
and Labour Force Survey). Whether you have already established a
Registered Retirement Savings Plan or are just beginning, it is
never too late to begin saving.
Remember these three "s" words: save now, start now and stay invested.
Begin by investing what you can and try to increase this amount
every few months. Pre-Authorized Purchase Plan allows you to make
weekly, semi-monthly, biweekly, monthly contributions to your RRSP.
Remember, small amounts can accumulate significantly over time.
No matter when you start investing, the key is to stay invested
as long as you can. The longer you hold your investments, the more
they will benefit from compound growth.
