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Tumbleweeds RESTAURANT
Lunch Greek Night Monday to Friday Sunday and Monday 11:30am - 2:00pm
Private Function, Birthday or Special Event Today!
for our special guests 55 plus
value features delicious meals made just for you
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Dinner salad or cup
2301 Trans Canada Way Southeast of soup just $2.49 ith
ora, ON
Cherie Martens i ense
Owner/Business Manager
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Disclaimer: No responsibility can be taken by Spotlight Magazine for any errors or omissions contained herein. Furthermore, responsibility for any losses, damages or distress resulting from adherence to any information made available through this magazine is not the responsibility of Spotlight Magazine. The opinions expressed are those of the authors and do not necessarily reflect the views of Spotlight Magazine. Comments are welcome.
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BMO Nesbitt Burns
The Wealth of Women
You are a daughter, you are a breadwinner, a partner, an entrepreneur. You may be a wife, a mother; you may care for children and for your parents. You wear many hats and you are in charge of your finances. My wife and I have 2 sons and 2 daughters. We’ve advised our daughters to have strong careers and be prepared to take care of themselves and their families, even alone if need be. Times have changed and women have risen to the challenge. Facing facts, the modern woman is pulled in many directions, including taking ownership of investments and retirement. In the past women were expected to pay bills, budget for the household, but not be involved in investing decisions. This has changed! As a woman, you understand the emotional connection to money. It’s not only about the rate of return, but it’s about your long term goals and dreams that fit with your desire for long term security or short term goals. Women face 3 major challenges that affect their finances more than men. 1) women live longer than men, 2)therefore more women need long term care which can disrupt an otherwise solid financial plan. And 3) Women have lower risk tolerance, which is a problem because inflation erodes spending power. For example $100 in 1980 could buy only $36 worth of goods in 2013. When planning for a retirement that could last 30+ years, consider investing a portion in growth to offset the inflation. You have worries about your money and they are valid. You need a solution and a plan that makes sense to you. You need to know you are understood. This is vital to your long term plan. You have life challenges and milestones that you are facing – do you feel prepared to face them? If you are staying up worrying at night about the future, or your children’s or parents future – then you should revisit or begin your financial plan. When choosing your financial planner or advisor make sure you feel free to talk
openly, and feel free to interrupt and ask questions. It’s your money, it’s your plan, you need to be able to communicate and feel understood in order to properly build a plan, measure it and renovate it when needed. You need a financial advisor who gets YOU. “It’s just business, it’s not personal” – this may be true in some cases but not when it comes to your money, your retirement - it is personal! It is emotional and it should be. Finances are important to your life. Make sure your advisor understands that and understands you. What is your top priority and how is that different than 10 years ago? What are your stressors and potential financial needs? These are your own personal circumstances and they differ from person to person. Some people dream of travelling once retired, others are happy avoiding the hustle and bustle of airports. You have unique goals and dreams, a one-of-a-kind family, individual holiday experiences & bucket-list plans. Perhaps your aspirational views include investing in socially responsible companies. All this should be taken into account. Also as life changes occur, update your advisor so they can assess the financial risks and recommend adjustments. Unfortunately, 90% of women will be on their own at some point in retirement. Divorce or death of a spouse is an emotional upheaval, a life-altering event. It is the worst time to be forced to make decisions that could have been settled ahead of time. It can be very detrimental without proper planning. You are strong. You’ve had to be. Don’t be afraid of what your financial plan will reveal. Can you make your retirement work for you as you see it? Have you got a contingency? Will you be able to maintain your current lifestyle and meet other financial goals? If it doesn’t look like you can have all the goals you deserve or desire – what changes can you implement now to move the dial in your direction? Never be afraid to ask clarifying questions to educate yourself. This is your money
and your life; you should be interested and involved in your finances. Don’t be ashamed of where you are financially – about what you have spent in the past or how you spend your money or if you haven’t saved enough. Just get with a program Now! No time like the present to start. Don’t be intimidated. If your employer sponsors a savings plan or matches any contributions, max these out. Be crystal clear about what you must save in order to secure your future plans. Advanced planning helps you prepare for the unexpected, so let’s get started. Finding your path to a sense of security will include sitting with your team of advisors (banker, insurance & investment advisor, lawyer, accountant) to ask for their help bringing your financial picture into clear focus. A good advisor will help you review & plan with all your assets and liabilities in mind • Cash Flow Projection – before & after retirement • Investments & Insurance • Real estate holdings • Mortgages & Loans • Final Wishes (Directives, Powers of Attorney, Will, Trusts) Financial plans and investment strategies should be designed around your unique situation. You are a powerful force in your own world – make sure you stay connected to your long term money plans.
Lets Connect: Dan Hein, BRE Investment Advisor BMO Nesbitt Burns Inc. 606 2nd St SE Medicine Hat, AB T1A 0C9
403-528-6771 Dan.Hein@nbpcd.com www.bmo.com/nesbittburns
BMO Wealth Management is the brand name for a business group consisting of Bank of Montreal and certain of its affiliates, including BMO Nesbitt Burns Inc., in providing wealth management products and services. “BMO (M-bar Roundel symbol)” is a registered trade-mark of Bank of Montreal, used under licence. “Nesbitt Burns” is a registered trade-mark of BMO Nesbitt Burns Inc. BMO Nesbitt Burns Inc. is a wholly-owned subsidiary of Bank of Montreal. If you are already a client of BMO Nesbitt Burns, please contact your Investment Advisor for more information. The comments included in this publication are not intended to be a definitive analysis of tax applicability or trust and estate law. The comments contained herein are general in nature and professional advice regarding an individual’s particular tax position should be obtained in respect of any person’s specific circumstances.
Member-Canadian Investor Protection Fund and Member of the Investment Industry Regulatory Organization of Canada
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For Reservations Call
1-800-661-8095
1051 Ross Glen Drive S.E., Medicine Hat, AB T1B 3T8
www.medhatlodge.com
41227663•03/27/15
• Private Lobby off the Ballrooms • Finest Buffet Presentation • White Glove Service on Plated Meals • Ice Sculptures • Chocolate & Champagne Fountains • Guest Accommodations on Site • Bridal Jacuzzi Rooms & Suites
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Left: Scott Wilson discussing with our Scott Cowan at Pallister Hotel and Opposite; Wilson with Joan Bateman Cowan
Continued from page 7
On the day they shot his death, the whole cast showed up wearing the Hershel signature pant’s suspenders. In Scott’s words, “If a picture can paint a 1000 words, how many can a moving picture paint?”
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Mitch Pileggi Star of: X-Files, Stargate Atlantis, Sons of Anarchy, and the new Dallas
VOLUME 7.14
PRIME MINISTER of the Bahamas,
PERRY CHRISTIE,
Talks with Spotlight page 28
NOTES FROM N’KENGE: Tony Nomine
page 14
SPOTLIGHT COVERS
The Tony Awards in
NEW YORK CITY page 22
spotlightmagazine.ca Cover photo Joan Bateman / Gainsboro Studio
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CHARL BROWN
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