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Retirement Planning
For young people with budding careers and thriving businesses, retirement is a
remote dream. Retirement seems the concern of another generation.
You may be too busy to think about tomorrow, but it will arrive in any case,
regardless of how prepared you are. Right now you are sowing the seeds for
your retirement. Everyone should have a retirement plan that provides for
today's expenses and still recognizes that tomorrow will arrive.
All of us who think long-term are aware of the risks to money that is set aside
for investment. Not all investments are appropriate for all people, especially
from the perspective of risk. Be honest with yourself and assess what kind of
investor are you?
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Investor Type |
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Characteristics |
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Conservative |
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Preserves capital, wants predictable returns |
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Moderate |
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Wants long-term steady growth with income potential |
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Balanced |
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Balances between risk and return, accepts moderate market swings |
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Growth |
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Does not require immediate income, accepts potential of wider market swings as part of long-term growth |
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Aggressive |
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Accepts wide market swings in pursuit of long-term capital appreciation |
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To more accurately determine your risk tolerance, talk with
a Foresters representative. On the basis of this assessment, you can start
thinking about your retirement plan. Your retirement plan needs to factor in
your goals, investment timeframe and what you can afford together with your
tolerance for risk.
Your plan could include registered retirement savings plans or
non-registered investments. Your plan could include mutual funds*,
segregated fund insurance products+ or
deferred annuities.
At retirement, you need to change your thinking and your activity. You have
built your retirement nest egg and now you will begin to draw on it for your
income. To help you in this transition, Foresters offers immediate annuities
and RRIFs. Speak to your Foresters representative about which products are
right for you.
Foresters representatives listen to your retirement dream and suggest ways to
help you make them reality. Starting with sound retirement planning. And an
honest evaluation of your attitude toward risk.
Start Thinking About Your Retirement »
RRSPs »
RRSP Maturity Options »
Mutual Funds* »
Deferred Annuities »
Immediate Annuities »
Segregated Fund Insurance Products »+
A Closer Look At ... »
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