This time of year you’re bombarded
with RRSP advertising as hundreds
of bartks, trust companies, invest-
ment dealers and credit unions com-
pete for your deposits. But very few
of those advertisements will tell you
why you should invest in an RRSP
or how to choose the right one.
And, that’s why we're bringing you
The RRSP File.

Why should you invest in an
RRSP? Of course, you know it’s an
excellent way to save money for
retirement and tax dollars today,
but there’s a lot more you should
know about the advantages of a
Registered Retirement Savings
Plan.

Many people under 30 still ignore
RRSPs, simply because retirement
is so far away. Yet consider the case
of the young couple who are both
working till they can afford to start
a family. If their plans call for one
of them to stop working to raise
children, a_ well-planned RRSP

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could help replace the lost income
of the homemaker for a few years.

RRSPs can also be used to
finance education ‘or retraining.
Many people who would like to
change jobs cannot afford to go
back to school. An RRSP,
however, could replace wages lost
while upgrading skills. For exam-
ple, many teachers. have found
RRSPs an ideal method of saving
towards a sabbatical year.

A regular retirement savings pro-
gram could also be a lifeSaver if you
were ever faced with temporary
‘“‘retirement’’ through a layoff or
strike.

Why tax yourself?

With all the firms and options to
choose from, it’s easy to get confus-
ed. But North Shore Credit Union
is here to help. You can count on us
for competitive rates, full flexibili-

ty, fast transfers, and knowledge- |

able, personal service.
To make you choice even casier,

we’ve combined the best
features into two simple plans:

VARIABLE RATE RRSP

© Rate can fluctuate at any time to
take advantage of current money
market conditions .

e Interest calculated on daily clos-
ing balance from day of deposit

e Interest compounded quarterly
for higher yield

¢ Statements mailed semi-annually
© Redeemable without penalty at
any time

GUARANTEED

FIXED RATE RRSP

¢ Choice of one or three year terms
© Interest rate guaranteed for entire
term

e Interest paid and compounded
annually

© Statements mailed semi-annually
¢ $1,000 minimum contribution

© Non-redeemable till maturity

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RRSP

Both plans feature our No-Fee
Guarantee — no front-end or start-
up fees, no. termination or close-out
fees; no commissions and no service

charges — so every penny you in-
vest works for you.

Why choose a credit union?
When you invest in a credit union,
your RRSP money not only works

Continued on page 2...

Add this information to your investment file. When it comes to RRSPs, it really pays to be informed!

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