Municipal investment plan презентация

Agenda

Saving For Retirement

Where Retirees Get Their Income

How much do you need for retirement? Canadians need 65% to 80% pre-retirement income replacement.

What? Me Save?

Retirement savings worksheet Hardcopy or online

Making the most of your plan

Relationships

Benefits Ease of payroll deduction Immediate tax savings (RRSP) Lifetime eligibility No front or back-end fees No fees to make investment changes Low investment management fees

Tax benefits of payroll deductions

Lower Fees Make a Big Difference

Non-registered (Savings Plan) Useful for employees with no RRSP room No maximum contribution limits Foreign content limit does not apply Not tax-sheltered Taxed on investment earnings each year

Spousal RRSP You make the contributions You receive the tax deduction Your spouse owns the plan and directs the investments Money accumulates in your spouse's name

RRSP Spousal Account = Income Splitting Reasons for spousal account Your spouse is in lower tax rate Your spouse has no retirement savings You will pay less tax if you have two smaller incomes instead of one large income

Things you should know…. Lump Sum Contributions and Transfers In Allowed Lifetime eligibility (even if your employment changes) Withdrawals Withholding tax Added to your taxable income RRSP first withdrawal free, $25 each additional NREG $25 per withdrawal

Ways to Contribute Payroll deduction (if municipality opts in) Lump sum payments Monthly contributions through the MFA Transfer in from other institutions

Developing Your Investment Strategy

Investment Types (Asset Classes) Equities (Stocks) Ownership in company Share in company profits Canadian or foreign Bonds (Fixed Income) Promise to repay debt Receives interest Government and corporate Money Market/Guaranteed Federal government debt Short term, less than 1 year

Growth of $1 (1960 - 2003)

The Cycle of Market Emotions

Timing the Market

Passive / Market Oriented

Value / Long Term Oriented

Growth Oriented

Specialty Funds

Russell Lifepoints Funds

Investment Risk Questionnaire

Choosing and Monitoring your investments

So, how do you choose? Completely hands-on Create your own asset mix Convert your profile into a strategy Monitor Rebalance regularly

Monitor Your Investments Revisit your strategy periodically Will change over time Rebalance your portfolio OR choose a balanced fund approach Keeps your asset mix on track Sell high, buy low principle

Stay Informed – Personal Statements Semi-Annual Easy to read Personal rates of return Transaction history Plan information Bulletin board

Account Access Tools Customer Care Centre 1-866-733-8613 Account balances Rates of return Transfer between funds Market information Enrolment assistance Over 150 languages

Your Next Steps Complete the Investor Risk Profile - What? Me Save? Guide (Pages 20-23) Review the Investment Fund Pages in your package Complete the enclosed application form and forward to the MFA For further assistance contact Meagan at the MFA at (250) 380-0432 ext 225, or an investment specialist at the Customer Care Centre at 1-866-733-8613

Questions?