Why Invest Now?

Nobody can predict exactly how much a comfortable and secure retirement will cost you.

• How much you can save.
• How long you’ll live.
• The return on your investments.
• What inflation is going to do to your purchasing power over time.

That’s why it pays to invest now. No matter when you start investing, the key is to stay invested as long as you can. The longer you hold your investments, the more you will benefit from compound growth.

Compare Natalie and Ted. Natalie, starting at age 23, invests $1,000 a year for nine years and then stops. Ted, starting at age 31, invests $1,000 annually for 35 years. Both earn the same 8% return. At age 65, how much will each have saved? Approximately the same amount of money! This example clearly shows how compounding can generate extraordinary results.

Make Regular Investing Part of Your Plan

Regular investing is a convenient and affordable way to save, especially for your retirement. Your money will have more time to grow. If held inside a Group RRSP or registered pension plan, this growth will be tax-sheltered. That means your funds grow tax free until they are withdrawn. Regular investing is also easier than having to come up with a large lump sum payment once a year.

Next Page: What to Invest In?

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