metronews.ca
work
31
TUESDAY, MARCH 22, 2011
Bank on post-work bucks Fill your nest egg with an employer-sponsored plan
Ready to save? More info on employersponsored retirement savings plans and pensions check out desjardinslifeinsurance.com.
Does your company have one? Ask
ISTOCK
sibly no front-end, back-end or deferred sales charges.
According to the Desjardins Financial Security 2010 retirement survey, in which 3,329 Canadians participated, 51.2 per cent do not have an employer–sponsored retirement savings or pension plan. In fact, 54 per cent of women and 44.4 per cent of full–time employees were less likely to have this benefit. In some cases, the benefit simply isn’t offered. But if your company does provide a retirement savings program, here are some key reasons why you need to sign up now. • Part of the pay-yourselffirst concept: Your contributions are made automatically through payroll deductions, so it’s virtually painless. If you don’t have it, you won’t spend it. • Tax savings: Your contributions are typically taken before taxes. This means
B
• Home buyer/life-longlearning possibility: Depending on your plan, you may be able to use some of your savings to purchase a house or return to school. • Portability: If you decide to leave your employer, you should have the option of transferring your plan to another investment vehicle or savings plan.
you’re lowering your taxable income and your contributions can grow, tax-deferred. • Matching employer contributions: Depending on the features of your plan, your employer may also contribute to your plan. This could mean doubling your savings.
I
• Choice of investment options: You may have access to a variety of investment options that have been carefully selected by experts. • Lower investment/No transaction fees: Take advantage of group buying power, lower investment management fees and pos-
N G O
With so much information available about retirement savings tips, it’s easy to feel overwhelmed. But take the time to do a little research and then start saving regularly. You may find that signing up for your employersponsored retirement savings plan is one of the best financial decisions you’ll ever make. Most importantly, it’s rewarding to be in charge of your financial future. NEWSCANADA
Career Finder
To advertise contact Josie McKenzie at 416-443-4364
Change Your Career Become an OSTEOPATH • 4 months FT or 9 mnts PT classes • zero unemployment rate • avarage osteopath income: $90,000/yr • student loan available • class starting February 28 NationalAcademyofOsteopathy.com
416-635-6550
find us follow us like us We’re all over your city in more ways than one. Metro brings you breaking news and great reviews.
QuickBooks, Simply Accounting, ACCPAC (GL, AR, AP), Excel III
Repair or install: Power Supply, memory, CPU, Overclocking, Windows Installation
HTML, CSS, Dreamweaver, Photoshop, Javascript
$450
Enroll Now! 416. 483. 3567 Business & Technical Training College 150 Eglinton Ave E Suite 402 M4P 1E8
WHEN YOU REVITALIZE ONTARIO’S BINGO CENTRES, YOUR LOCAL CHARITIES WIN. The Ontario Charitable Gaming Association, the Commercial Gaming Association of Ontario and OLG are helping to revitalize Ontario’s Charitable Bingo and Gaming industry. OLG is developing and offering new products and technologies – like electronic bingo and other games – to invigorate the traditional bingo experience, with the objective of generating more money for thousands of local charities. Visit charitablegaming.com to learn more about the new initiative and how 6 Bingo Centres have already raised over $30 million for Ontario charities through a pilot program.
www.charitablegaming.com