Spotlight: The Co-operators, Arlene Gonzales Agency Ltd.
Are you one of the 70% of Canadians who have bought at least one lottery ticket this year in the hopes of funding your retirement? Why gamble your money away when you can invest it in a Registered Retirement Savings Plan?
As well as helping you save for retirement, there are two great tax benefits:
 An RRSP contribution reduces your income tax, and depending on how much you make, you’ll end up with either a lower tax bill or a higher refund.
The money earned by an investment in an RRSP is not taxed until it’s withdrawn – it grows tax-free in your plan. Then, when you’re ready to retire, typically income is lower and so is your tax rate.
Basically, you save on income tax and accumulate tax-deferred savings for your retirement.
Many people contribute smaller regular monthly amounts instead of one large annual lump sum payment. Not only is it easier to budget, but it also increases the value of the investment faster. You could also talk to your advisor about whether you might benefit from an RRSP loan.
Generally, they all offer the same types of investments and mutual funds from a variety of financial institutions. The only difference is a specific type of RRSP made up of “segregated funds” offered by life insurance companies.
Just like mutual funds, segregated funds are invested in equities, bonds, and other investments. However, they differ dramatically in that segregated funds guarantee all or most of your principal investment upon maturity or death, while mutual funds sold by financial institutions generally have no guarantees at all.
Call or email Arlene for your free, no-obligation life insurance quote. Discounts up to 35% when you combine your home, auto or life insurance with the Co-operators.
Co-operators have been serving Canadians for over 60 years. The Co-operators is the leading Canadian-owned multi-product insurance company, protecting more than one million in over 600 communities across the country.
A message from Arlene…
Arlene has a knowledgeable team of four Sales Associates who have been with her company for a number of years and are specially trained to meet all of your insurance needs.
“We welcome your visits to our Agency. Whether it’s reviewing your insurance program to make sure your coverages meet your current needs, helping settle your claims as quickly and fairly as possible, or just answering any questions you may have.”
Expert advice, excellent service. Willing to listen to your needs.
The Co-operators
Arlene Gonzales Agency Ltd
5-33 The Bridle Trail,
Unionville
Tel: 905.940.8000
Fax: 905.940.1040
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