she is most worried. Amanda does have a portion of her portfolio invested in the safety of GICs. This investment gives her some comfort but, with the current low interest rates, the after-tax income is not enough. Considering the longevity in her family, she also frets that she may not have enough money to last her lifetime. Every financial decision she makes is very stress-ful for her. She wants to spend more time doing all the little things she enjoys but doesn’t feel able to relax enough to truly embrace her retirement. Which twin is better off and happier? The answer, of course, is Jane. Traditional Herbal Medicine Immune System Support Proprietary Herbal Formula • Gluten Free cGMP Compliance • Trusted Worldwide Since 1922 Made only in Canada • Exported Worldwide SO WHAT DID JANE DO DIFFERENTLY? As Jane approached age 50, she began to worry more and more about what a volatile stock market could do to her investment portfolio in the years lead-ing up to her retirement. Jane decided to meet with her financial advisor to discuss her concerns. She had two questions she wanted to address: 1. Are there any pension options available to her to ensure her day-to-day expenses would be met? 2. How can she tap into her corporate savings in retirement? Jane’s financial advisor explained that new products were available in Canada that could provide retirees with a guaran-teed income stream similar to a defined benefit pension. Jane could purchase a Guaranteed Withdrawal Benefit (GWB) product, an investment fund that guaran-tees an annual retirement income stream for as long as she lives, no matter how the underlying investments perform – even if the underlying investments go to zero. This product would protect against market volatility, allowing her the ability to benefit from any up-markets without experiencing any downside risk. He ex-plained that being self-employed with-out a defined benefit pension, it would be wise for her to “pensionize” a portion of her savings into a GWB product. Jane liked this idea but wondered if she should invest now or wait until closer to retirement. Her advisor explained that this product was designed to help Canadians prepare for retirement well ahead of time and works especially well for those aged 45 and over. In fact, because of the way the product works, she’d actually have a higher income available to her the earlier she invests. In other words, the sooner www.canadianchiropractor.ca NPN 80012920 Powder NPN 80015598 NPN 80012914 Capsules Extract Doctors Recommend BEWARE OF COUNTERFEITS! ESSIAC ® Canada International P.O. Box 23155, Ottawa, Ont., Canada K2A 4E2 Tel. : (613) 729-9111 · Fax : (613) 729-9555 · E-mail : [email protected] www.essiaccanada.ca FULL TEXT COPYRIGHT © 2011, ALL RIGHTS RESERVED. AUTHORIZED USER OF ESSIAC TRADEMARK
Chiropractic + Naturopathic Doctor February 2012: Page 33
