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<strong>The</strong> Montclair Residence<br />
<strong>The</strong> Salvation Army Montclair Residence<br />
For further information, please call<br />
Vicky Stewart 514-481-5638 (710)<br />
4413 Montclair Ave., Montreal (NDG) H4B 2J4<br />
Owned and operated by <strong>The</strong> Salvation Army<br />
16 <strong>The</strong> <strong>Senior</strong> TimeS <strong>February</strong> <strong>2012</strong> www.theseniortimes.com<br />
Resolve to know what’s at risk<br />
Common<br />
Cents<br />
Ivan Cons<br />
Well here we are in <strong>2012</strong>. <strong>February</strong>’s<br />
settled in and it seems many<br />
of us are back to our old routines.<br />
Every year, we make promises to<br />
ourselves, but they quickly evaporate—life<br />
has a way of getting in the<br />
way. Finances seem to be an issue<br />
that many of us would like to tackle<br />
but simply don’t have the energy or<br />
patience to delve into. I’d like to offer<br />
some ideas and challenges to break<br />
through the hurdles and to help you<br />
take charge of your destiny.<br />
Everyone who has access to a computer<br />
should set up online banking.<br />
Visit your local branch to get the<br />
necessary info. It is easy to do and<br />
so convenient. You will know to the<br />
penny how much is in your account<br />
instantly and at all times. Paying<br />
bills is a snap—no more lineups at<br />
the bank. <strong>The</strong> only thing the banks<br />
haven’t thought of is how to make<br />
our printers print out money. I’m<br />
sure this will be a reality one day.<br />
LIVE ON STAGE<br />
Look over your investments. No<br />
adviser has a crystal ball. Everyone<br />
talks a good game but the reality is<br />
nothing is certain. Any non-guaranteed<br />
investment has market risk.<br />
Often seniors have investments they<br />
don’t understand or that have huge<br />
market risk but are packaged and<br />
sold as alternatives to GICs.<br />
One huge financial resolution<br />
should be to understand the risk<br />
of the product you are investing in.<br />
People believe that if they place their<br />
assets with an adviser or financial<br />
institution, their worries are over.<br />
<strong>The</strong>re are many excellent advisers<br />
in the marketplace, but no one has<br />
control over performance. It’s your<br />
money, so participate, follow it, ask<br />
questions and—if you do not understand—walk<br />
away.<br />
For those who have accumulated<br />
savings, it is okay to spend once in<br />
a while. You certainly cannot take<br />
it with you. Imagine having all the<br />
savings in the world but your health<br />
prevents you from enjoying it.<br />
Finally, don’t forget about others.<br />
Charity certainly begins in the<br />
home, but there are many around<br />
us who are less fortunate. Giving of<br />
time or money is one of the most rewarding<br />
things we can do.<br />
FOUR CORONATION STREET ICONS<br />
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as Ashley Peacock<br />
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as Claire Peacock<br />
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as Jim McDonald<br />
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as Andy McDonald<br />
Thursday, March 15th – 8 p.m.<br />
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