The Rural Voice, 1991-01, Page 53WE WANT
YOUR GRAIN!
Corn
Soybeans
Feed Grains
Quality Oats
Damaged Grains
CASH & FORWARD CONTRACTS
Call us today for Quotes
Dave Gordon
Elizabeth Armstrong
Richard Smibert
Ian Carter
london agricultural commodities, inc.
1112 HYDE PARK ROAD
HYDE PARK, ONTARIO
NOM 1Z0
519-473-9333
Toll Free (519) 1-800-265-1885
(416-705) 1-800-265-1874
USED
BUILDING
MATERIALS
• Wood & steel beams
• Steel pipe - 10% off
• Windows & doors
• Fluorescent lights, 8ft. & 4 ft.
• New windows now in stock,
thermal, low E glass
Open web steel joists up to 50 ft.
long
I -Beam up to 30 ft. long
Good Used:
2x6T&G
Quantity steel shop doors and
Garage roll up doors
For Information and
Demolition Quotes Call
TNR WAY
DEM. 1-r10N
DURHAM ONT.
LIMITED
1-800-265-3062
519-369-3203
Warehouse and Sales Yard
Located 5 Km South of Durham
on Hwy 6
Snowblowers
BARFOOT'S WELDING AND MACHINE SHOP
Rugged Construction
Superior Design
• Open Auger
• Extended End Plates
• Heavy Duty Ball Bearings
• Manual & Power Hoods
• Pressed Steel Frames for Added Strength
Buy direct or dealer enquiries welcome
On)
Wiarton, Ont.
519-534-1200
•
Buy Quality!
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& Save
THE RRSP STORY
Investments that pay
Well, we're coming up to RRSP time once The chart below illustrates a far more
again. But there needn't be the usual big astounding result A. Head begins
rush! RRSPs can be purchased at any contributions of $3,000 at age 25 and
time throughout the year and the earlier ceases contributing at age 30 However,
the better! For example, if you at age 45, B. Hind doesn't start investing in his
start contributing $1,000 just before the RRSP until age 31 and continues to
deadline and continue to contribute the contribute $3,000 annually until he's 65.
same amount annually until you reach age At the end of 40 years, there is a
65, you will have accumulated $64,000•. difference of $178,850 between the two
However, had you started contributing to contributors. A. Head only invested
your RRSP a few months earlier in the first $18,000 and B Hind invested $105,000!
year, at the end of 20 years you would The moral of this story? It pays to invest
have accumulated $70,400'. in an RRSP and it pays to invest as early
as possible.
' assumes a non -guaranteed 10% interest rate
A. Head B. Hind
Age Contribution Accumulated Contribution Accumulated
Value' Value'
25 $3,000 $3,300 $0 $0
26 $3,000 $6,930 $0 $0
27 $3,000 $10,923 $0 $0
28 $3,000 $15,315 $0 $0
29 $3,000 $20,147 $0 $0
30 $3,000 $25,461 $0 $0
31 $0 $28,008 $3,000 $3,300
32 $0 $30,808 $3,000 $6,930
33 $0 $33,889 $3,000 $10,923
34 $0 $37,278 $3,000 $15,315
35 $0 $41,006 $3,000 $20,147
60 $0 $444,288 $3,000 $542,830
61 $0 $488,717 $3,000 $600,413
62 $0 537,589 $3,000 $663,755
63 $0 $591,348 $3,000 $733,430
64 $0 $650,482 $3.000 $810,073
65 $0 $715,530 $3,000 $894,380
09. -op thee�atoi� co Insurance/Financial Services
JANUARY 1991 49