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February 2012 - The Senior Times

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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 />

EXPOSE THEIR UNIQUE STORIES, GOSSIP AND SECRETS OF THE<br />

WORLD’S MOST POPULAR TV DRAMA SERIES, PLUS AN AUDIENCE Q&A<br />

Steven Arnold<br />

as Ashley Peacock<br />

Julia Haworth<br />

as Claire Peacock<br />

Charles Lawson<br />

as Jim McDonald<br />

Nicholas Cochrane<br />

as Andy McDonald<br />

Thursday, March 15th – 8 p.m.<br />

THÉÂTRE MAISONNEUVE (PLACE DES ARTS)<br />

LIMITED QUANTITY OF VIP MEET & GREET TICKETS AVAILABLE<br />

www.talesfromthestreet.biz

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