The following text may have been generated by Optical Character Recognition, with varying degrees of accuracy. Reader beware!

II - wxrenwo CHRONICLE - Wednesday. August 24. 201 I 71:39 L is“ . ,1 ‘ 3 3‘} {A .137. r_-;;-: r 9 g: {'1’ ‘ 1- . A ,7 - ‘ T W ,‘ ~‘RBS-SPICES-GERMA i‘IHt'il t‘ "f puterized Food 3. Environmental amigos, Nutritional Eval ' H l t rt ml- ‘11 ' ‘3: and Vector Stress Testing by Nicki - RN 8 0 so on e "fi‘h'sa‘ 8‘ '°°°"'e retirement alphabet soup , A . . " x; g I 00 afil _ ,. ,2 here are the ABCs of retirement â€" Always Be (financially) Comfortable â€" and then ' ‘ ._ 4‘ n-'"""""""""'""" there’s RRIF. LIF. SWP. GIF. LIB and more an alphabet soup ofactonyms and abbre- ' viations that eve retiree must wade throu . What do they all mean? www. waterloochronrcle.ca A ’y mp - theme,“ “comma“. savings “an is an effective way to save for retirement while enjoying tax ““ ‘““ ‘“ “"‘ "' " ‘ 7 k tionsandcompoundtax. H. g gig” 335% deferred growth inside your \ ] \i\l \ g 9.33 225 plan. you can contribute to ' g ' - ii; 5% \l()\l.\ #3 . HYUHDFH 353?; ‘g i yourRRSPuptotheendofthe ’ l ‘ DOUBLE 0 in 553% gi year in which you reach 71 - f SAVINGS 0 92%;-935 and thenyou havesomedeci- V ‘ . ’3? i ‘ 5. sionstomake: ' x ease? as * as! â€" g a Visa eroute ecause you , g giggésggzgi likely pay tax on the entire f if v, g g 839%; to; amount at the highest mar- £ / ‘ 2011 SANTA FE 2 4L GL AUTO " ./:\ @336 32333 WWW“. i l ' ~ - ‘ ‘ §E§§§§§§9§,; Convert’your RRSP to a RRIF , i 1 _, _ ‘ Wflfiggi,“ â€" Registered Retirement ‘ 7 r A J . , _ ,_, , . g ' k ‘ \ gggggggiééég lnchIi‘el inns-51%?“ ar: very ‘ S 3- 3:,1‘35'.‘ / W ~ « . ’g‘"rg 95 ” muc i e s wit two i 156 0 ‘ “‘ J- ‘ E *( ‘ giggiéfigggg exceptions: No funher contri- .,,, ' ' ""' ‘ ‘ X" 'i f.“- . , Aft g2 l ’ gig: butions are allowed to your RRIF once it has been ‘ A a/ .; ‘l‘fi‘mM t f. ’ :3 fig gig: gig? established; and you are required to withdraw a mini- 5’;:"‘.i; up; 335 if; . ‘ ' {fig 58‘“? mum amount each year based on your age and the â€" ' ' ‘ §§"3£‘§§é§§§§ valueofyourRRIE mmmm g 33$: Ԥ :5; Altemately. you could buy a life annuity that will ‘ 2011 GENESIS COUPE igiégigfiggi pay you a specified income, usually monthly. for the K6 5"" g rest of your life or buy a term-certain annuity that g, § ' H A NEW CALIBRE 0F SMART PERFORMANCE 23 32% ' jg g; guarantees payments to you until you turn 90. } ‘ t . ‘- ' 5 . ' ; own” W an” ,, â€"â€" Eligsiégigg: By the way. life annuities and term-certain annu- i K . fr .. , u M , 1 (($30 ?§§§3;§=§BE§ itiesarethetwomaintypesoffixedannuitiesandcan , ‘ ‘2 fl 7‘ .\ I. ‘f‘\. 3147' 0* L sf: "5&ng {a} 3 33323;“ be obtained in many variations. Another type ofannu< : K. ---~ ~ » T" 4’ \ r “WEE“ ‘WW‘ N0 DOWN "VIE!" ’ $55528“ fig: ity to consider is the joint life/last survivor annuity I 2 c‘ 6wmim Q . "mm ammo 59““ 5M “"6“” WW" i in g§§ 3.; l that will continue payments to your spouse after your , “menu“. mmimsntsuuiuo PlUSnSl agégéagérg g death. T ‘ E- (3 Here's some more alphabet soup to wade through: . i i’i-ng : Egg; {figgi LIP â€" life Income Fund/PRIF â€" Prescribed Retire- , THE 2012 MODELS HAVE ARRIVED. if M :3‘ Li merit Income Fund Similar to RRlFs in that you are I A i§§i%.§ 33?; required to withdraw a minimum amount each year i . i 5 g3 E] but withdrawals are also ‘capped' by pension legislae : 2012 ACCENT 40“ f, m2; rh* ' ‘ iii; 3;“ 3‘ tion. You decide what amount to withdraw within the - lama mm ‘ ‘ sum - if if allowed ran , : 31m, 3 $7- 5; at o“ it” GIF â€" fiaranteed Income Fund or Guaranteed “MW ““2.“ W figsomg‘fvwm ‘- < '3? Eeégggigs Investment Fund. Also known as a segregated fund , wow numw; oi ,‘ihA'iiwgiii . w rim ”H3 « r ‘ jgi 5 g ‘32 gr": policy. a GIF is a form of insurance that combines the ; STARTING FROM $14.71!? manual on.» 5’ I; 4% 53;? g growth of investment mutual. funds with the features . :Eg‘i‘iiwgg! ofaninsurancepolicytoprowdeyoumth thesecunty : 5; ; E: 415.3" of a guaranteed income for life. [ “ EgENELUiAsmofigggegficomm. 3’} j ?Ԥ 5 i g 5 l i U]! â€" Lifetime Income Benefit. A GIF that provides ’ , ‘ ’ ‘~ ; » ~ ~ 7 33231 SE; a predictable, guaranteed income for life and is avail- : " " “ "m" ' ”T3‘ ., V" ‘ -. mei wxm 1 (($334 ii filth? gé able to individuals at least 50and underSI. i .' , 3124' 3.3]. * ,f: , W4"? fig; igggtgé.‘ SWP â€"â€" Systematic Withdrawal Fund. A mutual C ' ‘" ' ‘ 3.. ‘ ‘ mom PAYMENT 1‘ ; I 35%;: 5? .i fund feature that allows you to withdraw income at ; â€"- - _ . _ may imiemtm megirfiifi'g"Sf‘lryi:7"0;2:lNAMiN : é ii 3 g i ; ; i5 specific times â€" usually monthly or quaherly - while , t m W W STARTING FROM 3"”, I i, 3 4‘? g “g g: your Invested capital continues to grow. It works like i; ii: is 3’3. dollar cost averaging in reverse â€" you redeem more AzaltziriIgciggoNssmia Ulllllv‘ thiCtt - 1 gig 5‘; fig?” 3:32?th" P"'395 are d‘"”“ and less When they are U 3 “ " U ~ . r * rggizigiggig There's more, suchasCPP. OAS. and all thisalphaâ€" WIN ' w m r $32; ' ‘ ‘ ‘ - é {a 5?? 5 3 3;, bet soup stufl‘can seem a little deep at times Your pro» , S t’ mm' 3‘ 3-1:: xii , é fessional adviser can help dish up the tastiest solu- â€" 5g ‘. , 3 a ' W Mm v “W M 0‘ no new" “yuan {iris 3:3}: (ions for your lifestyle and retirement goals. I “My nuwiu ’u mu 559m ruin-M» osmium-v 133335333? , m- cm minimw - -3 T "' i stump“; mom 3215' ‘ N ‘ 3 a “$113.13 3‘; “its mlumn is provided byMcEachnle Group Private l WWW" M ii! gig 5;”: I ’ Wealth Management. Contact Russ McEarhm'e. CF}? ; 52;? i 3: 5: (1mm. (IDFA ai519â€"aas-2360art. 24: or y - . : ; a 9 ‘ -‘ :3 ' i ° W if rmll,mreachm’e@ investorsgrouprom ‘ m ‘4 HYUl'lDFll iifiiiélélp , p 13‘ :i:;-:,_ ‘ li‘ifigswg s “W ‘3'. “mega WHAT S , was“ .i ~ Vlmvourloeolovooflwndnlnuhr ”35'135 :3. __r 3 . 3‘5: ; ax- ' '3 , w m m ”ligfifg’si Gal‘s out!” vii’i .4 ‘ mam-tau MW Cannon-W §§::}2!I§‘:§ ”.i' . Vg: ‘ u Aipm- na 025 Dov-upon an no: not. St N 1 7,, it .‘ g . a; , Kitchamv‘stv u: «00 W-lodoo‘EI’mNIS Comm-ago 0100605000 :3::,‘E}{13n on ., 4 H a a m upimnyiimm « - wwv- uhlum-Mviindm r. m cnmociagohymao- co . ' " fl ' '