36 - Wednesday, Marca 16, 1988 - North Shure News

BUSINESS

rp, Use Your Home to Increase
6 Your Retirement Income

* Learn how to convert the equity in your home into
a tay ‘ ee guaranteed monthly income while you
i © sat and retain title.

i
1

Feature Speaker:
Mr. William J. Turner, C.A.

@ Originator of the Home Income Plan © .
© Consultant to the Provincial Government on Seniors

eB AK ASAE ne ASE

ie
Tuesday, March 29th i
10:30 a.m., 2:00 p.m. or 7:00 p.m. :
° #
Park Royal Hotel, The River Room, 4
449 Clyde Avenue, West Vancouver Hl
* Reserve your seat at one of the seminars by calling Mrs. Lynne g
« Nickford at 688-7208. No fee is required. 3
(Designed exclusively for homeowners over 60.) 4
Guaranteed by: Fl
SEABOARD LIFE Presented by: ZLOTNIK, LAMB & SCARRATT, | j
INSURANCE COMPANY the Canadian Home Income Corporation ‘
:
Flame ; os NEWS photo Nei! Lucente :
t JOHN CUMMINGS plants an ear on wife Debbie's pregnant tummy in 2
: hopes of hearing 2 sound from their first baby. With a little one on the :
way the Cummings’ financial responsibilities have changed focus. 3
i
7 | i
Fiaving a baby?
~ /
- Cl] € a : ¢ @ 4
IX Tinances first
HAVING A baby can make for something else, so we want to k
; you think. about. all sorts of be flexible ks i oO i
— ohn, 39, works in construction 7
things including money. asa tile-setter. “*My work and in- 3
For example: a come can be irregular,”’ he said.
* ‘We'd like to put aside some- Married in 1982, the Cummings , e
thing for the future. We have in- bought a house three years ago. YOU J DON T PAY!
vested a bit in mutual funds, but Their only debt now is the $75,000, ,
ae they advable wih the shaky 1125 persen merigage. uae’ |] Whar youre buying) ADDITIONAL SAVINGS.
stock market? eh D chor ° d the ai tion mortgage from pa a in- our many ‘options.
ed and s mein Det amortization stitution, here’s some great PROTECTION OF YOUR
ss 10 20 yea pebble keep their fi- news from National Trust: INVESTMENT with our
| : nances separate, each paying half Mf we don’ ‘give you ane mortgage insurance options.
: the family’s expenses. . application within 24 be FOR FRIENDLY, EFFICIENT
. ‘We have a stockbroker friend, you Mt pay NO Processing o, SERVICE from our expert
fonds in my registered retirement Appraisal Fee! touay and let us make your
: savings 4 laa, evhile John has Plus you receive: home financing easy.
: $3,000 in his,’ Debbie said. Out- peers ian TRNAS hell tandins ituse” eal fave Aenea UboT wicket shastes amie SEER ui apgmaeu maheen aaapmeeae spencer, Ghee apes 3
‘side their RRSPs, Debbie has sateen
7 $1,000 in Canada Savings Bonds :
: while John has $6,000. The New TOTAL Accoum Account” EARN EVEN
‘ After the baby, Debbie said, she INTEREST
| guru work patineor || Profit Even More from the | MORE
: . possibly go back to school next
dollars. ro Only Account You Need! —_| ON YOUR SAVINGS.
I made the following sugges-
and sense tions, many of which apply Now you can eam more If you have $10,000 to
. . whether or not you have children. interest | than ever before . 1 invest, you Should
Mike Gr enby Whenever ore able x to be : combines the benefits of °° Money Market
uncertain, sta exible. Keep a many different accounts Account. In
reserve fund to avoid personal and in one. convenient '_ addition to eamn-
financial iscomfort. . package. Come ing a high interest
: © Paying down and shortening ‘in and find our rate, you get the
e “What changes should we be the amortization of the mortgage is how you can convenience of
, making in our personal financial usually an excellent move. In this benefit. y liquidity. Rates are
planning? case, it saved about $42,000 in in- set weekly, based on
a * “With our new situation, are terest over the life of the mortgage. 91-day Treasury bills.
there tax rules we should know Where else can one earn 11.25 per
about?” cent after tax, with no risk? Still,
Those thoughts and questions don’t get so carried away that
have been going around in Debbie quality of life suffers.
Cummings’ mind. She and hus- © Put the family allowance che-
band John, who live in North ques into an account ‘“‘in (your
Vancouver, are expecting their first name) trust for the child.’’ The in-
child in two weeks. terest earned wilt then belong to —_
Like many parents, prospective _ the child for tax. VG| NIATIORN AL TRUST
and otherwise, they realize their e Look into the various regis- SE \ Nunenat Victoria and Gores Trustes Compan
financial as well as théir personal tered .education savings plans NORTH VANCOUVER - 1407 Lonsdale Ave. 980-5714
lives are going to change. (RESPs). However, check the costs UR .
a “But we don't necessarily want and realize the risks if your child B NAR se emwood Sh. Cir. 528- Reval heen Bey tone

to save only for the child’s educa-
tion,’’ said Debbie, a 31-year-old
physiotherapist. ‘‘We might need it

does not go on to higher educa-
See Review
Page 37

RICHMOND .- 100 - 6760 #3 Road 270-3133