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23 | W aterloo C hronicle | T hursday,M ay 12,2022 w aterloochronicle.ca Schedule your FREE hearing test today!* * Free hearing test promotion for ages 18 and over only. Some conditions apply. 120Ottawa Street North, Suite 200, Kitchener, ON N2H 3K5 audiology@chs.ca CHS.ca/booknow Robin Waldman, Audiologist !yadot tseg tniraeh , namdlaWn iboR tsiogoliudA Call 1-866-518-0000 HEARING LOSS? WE CAN HELP. APPLICATION FOR NOISE BY-LAW EXEMPTION 308 KING ST N, WATERLOO Notice is hereby given that an application is being made to the Director of Municipal Enforcement Services for the City of Waterloo for an exemption to the City of Waterloo Noise By-law #2010-073 which prohibits amplified sound between the hours of 5:00 p.m. to 7:00 a.m. The applicant, Luis Matos on behalf of Prica Global Group, is requesting an exemption as follows: To permit sound through excavation machinery, crane operations, truck engines, parking noise, and any other noise related to a construction site Monday through Saturday on specific days from June 6th, 2022, until October 28th, 2022, to take place at 308 King St. N, Waterloo. Anyone wishing to comment on this matter should contact Municipal Enforcement Services no later than 4:30 p.m. on Monday, May 23, 2022, in writing at 100 Regina Street South, Waterloo, Ontario N2J 4A8, by phone at 519-747-8785 or via e-mail at municipalenforcement@waterloo.ca Questions regarding this event should be directed to our attention. P. 519-886-1550 TTY. 1-866-786-3941 waterloo.ca Canada's inflation rate soared to 5.7 per cent in February, the highest in more than 30 years. And while the rising cost of goods impacts our every- day lives, it can also have long-term effects on retire- ment nest eggs. So how can you ensure your retire- ment income is protected from inflation? "Inflation erodes your purchasing power, so over time you want to make sure your income can keep pace with the rising cost of ex- penses," said Kurt Ro- sentreter, portfolio manag- er at Manulife Securities Incorporated. There are four ways to ensure inflation doesn't cut into your retirement sav- ings, Rosentreter said. CPP AND OLD AGE SECURITY This one is straightfor- ward, as both the Canadian Pension Plan and Old Age Security are received when you turn 65 and have built- in inflation indexing, meaning the government annually increases your pension and old age securi- ty payments in accordance with inflation. STOCKS AND DIVIDENDS Dividends are a distri- bution of profit after tax, and some stocks pay you dividends as part of your greater return each year. Rosentreter said some companies will increase the dividend as profits also increase, putting more money in your pocket. "Dividend increases are considered an inflation off- set because they're giving you more money over time," he said, adding that you have to make sure the stocks you choose have ris- ing dividends and low in- vestment fees. INCOME PROPERTY Rent out investment property or room in home: Over time you can in- crease a tenant's rent. "This helps to increase your revenue to offset ex- penses from inflation as well," he said. ANNUITIES An annuity is issued by an insurance company. It's a long-term invest- ment to help protect you from the risk of outliving your income, allowing you to "create a kind of pen- sion" and a cash flow stream for your life in re- tirement, Rosentreter said. Your contributions to the insurer are convert- ed into periodic income payments that can last for life. You can also buy an inflation-adjusted annu- ity to see larger benefits each year, he said. HOW CAN I PROTECT MY RETIREMENT INCOME AGAINST INFLATION? CLARRIE FEINSTEIN clarriefeinstein@torstar.ca MONEY MATTERS WE WANT TO HEAR FROM YOU SUBMIT YOUR LETTER TO THE EDITOR TODAY!