Huron Expositor, 2004-03-03, Page 6•-TMt HURON EXPOSITOR, MANCH 0,1004
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FACILITIES FOR RENT
'ANNIVERSARIES *BANQUETS 'MEETINGS *WEDDINGS
Modern Kitchen Facilities Wheel Chair Accessible
Over 10,000 Square Feet Of Show Area
For Rental Information Call At (519)527-1321
or Fax (519)527-0983
Seaforth
Agricultural Society
OFFICE 519-527-1321
John Bennett Sharon Flanagan Joanne Maloney -Flanagan
President Secretary - Treasurer President Home Craft
www.c4thagsociety.on.ca
mil *Val*lb
Ensure savings will continue
after retirement with RRSPs
The time has come to celebrate your retirement. You've
worked hard to reach your financial goals and now you can
relax and enjoy the fruits of your labour. The first step to
ensure your savings will continue to provide income for the
rest of your life is to roll your RRSP into an income source.
"Canadian investors may convert their
RRSPs at any time before they reach age
69," says Linda Knight, Vice -President,
BMO Mutual Funds. "However, by law,
they must convert them into a retirement
income option no later than Dec. 31 of
the year they turn age 69. After an
investor turns age 69 they must begin
withdrawing from their retirement
savings."
There are three income options for
RRSPs. A visit with an investment
professional is recommended to help
investors to develop a retirement income
plan and choose the right income vehicle
for their individual needs.
• Roll the RRSP into a RR1F
A Registered Retirement Income Fund (RRIF) is similar to
a Registered Retirement Savings Plan (RRSP), with a range
of investment choices and flexibility. Investors have access
to their money if the need arises and only the withdrawals
from a RRIF are subject to taxes, in the year in which the
funds are withdrawn. Investors can withdraw as much or as
little as they require throughout the years (provided the total
annual amount meets or exceeds the minimum set by law).
• Purchase an annuity
Investors purchase an annuity with a lump sum of money
at a set interest rate and period of time (such as until they
turn age 90 or for life) and the annuity
Quo
ted
'After an investor
turns 69 they must
begin withdrawing
from their retirement
savings,' --
Linda Knight, vino -president,
BMO Mutual Funds
pays out pre -determined amounts at
regular intervals for the entire term
chosen. Payments from an annuity are
taxable when -received. Once set,
annuities do not provide flexibility on the
payout amounts and are based on the
interest rate at the time of purchase.
Annuities are favourable if rates are high.
If rates are low, future payments will be
correspondingly low.
• Full withdrawal of RRSP funds in cash
Investors can withdraw any or all of
their RRSP savings in cash, but the
withdrawn amount is taxable in the year
it is withdrawn. Withdrawing a large
amount will result in substantial tax deductions, seriously
affecting the balance of hard earned savings.
Information provided by BMO Mutual Funds. For more
information visit your nearest Bank of Montreal branch, call
1-800-665-7700 or 1-888-636-6376 in Quebec or log on to
www.bmo.com/mutualfunds.
- News Canada
Horticulture Club features `plant doctor'
In spite of all the snowy weather,
residents of Maplewood Manor
have a touch of spring among
them. They are enjoying the
blooms of the spring bulbs that we
planted last November. They also were
delighted with the beautiful crocus
plants that they bought to support the
CNIB.
The month got started with a great
afternoon program with Gladys Van
Egmond, Keith Tyndall, Samuel and
Joshua Romijn and Elgin Nott. Their
music and dancing kept everyone in
high spirits.
Residents have been enjoying the
Tuesday musical afternoons at the arena
and also enjoyed their outing to the
Dining Out program at the arena.
Ladies of Maplewood have lots of fun
at craft classes with Betty Harris and
Maplewood Nursing Home
Barbara Scott. It is amazing how we
manage to get things done.
Crokinole is a favourite game among
residents especially when they get to
play with our volunteers. The
competition is great.
Weekly visits from "Buffy" and her
owner, George Jamieson, are welcomed
by many of our residents. This little dog
is right at home with everyone.
Soaking, trimming and painting was
the order of the day when Margaret
Whitmore came for manicures. The
ladies certainly appreciate this special
attention.
Horticulture Club with Eleanor Horst
featured a "plant doctor" day as we
trimmed, transplanted and freshened up
our house plants. How much better
they looked when we were
finished.
An afternoon of piano music was
enjoyed when Bill Gibson visited our
home.
Valentine's Day was celebrated in fine
style with a special dinner and the
crowning of our king and queen.
Congratulations to Margaret Smale and
Art Wallace. A Valentine's Day dance
followed in the afternoon with the
Huron Strings who had residents
tapping their toes and dancing to their
lively music. A great way to celebrate
Valentine's Day.
Residents appreciated the church
services that were held with Father
Lance, Rev. Atkins, Rev. Wilson and
Rev. McCarthy during the month of
February.
Many celebrate February birthdays
"Audibly Awesome"
quartet with Graham
Bowker on . the bass fiddle,
Len Lobb playing guitar,
Richard Lobb and his
mandolin, all singing with
Bill Strong, made beautiful
music for the February
birthday party, Thursday,
Feb. 26 at Queensway
Nursing and Retirement
Home in Hensall.
Residents celebrating
birthdays were Jean
McEwen, Helen Anderson,
Mabel Reid, George Van
Horne, Ina Russel, Grace
Wurm, Edna Waters,
Luecha Taylor and Norm
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Queensway Nursing Home
Smith. Many family
members and friends
attended the party adding to
residents' enjoyment.
Monday afternoon, the
Kippen United Church
women provided assistance
and prizes for the last bingo
in February. We were
pleased when they offered
to sponsor the bingos in
July as well. The Hensall
Legion ladies will be
operating the bingo games
in March.
Pastor Cathy Prout of
Centralia's Faith
Tabernacle led worship on
Tuesday afternoon for an
attentive audience. In the
evening, the Lakeview
Singers presented a
wonderful program of
gospel music, followed by a
time of visiting over
refreshments , with
residents.
Wednesday, Father
Thomas of St. Boniface in
Zurich led mass for all the
Roman Catholic residents
with volunteer, Mariette
Bilke assisting residents.
In the afternoon Marg
Cole presided over several
tables of euchre as
residents benefitted from
visiting over the friendly
competition.
Resident council met
Friday morning to discuss
upcoming events, and any
issues or concerns.
Resident council is a good
forum for residents to take
an active part in their
home, activities and care.
Family members are
welcome to attend a
meeting.
Town and Country Diners ends
with Huron Happy Hearts fun
Eigbty-
three area
individuals
Town and Country Support Services
joined
Town and Country Support Services for
a Feb. 19 Diners at the Seaforth arena.
Everyone enjoyed a wonderful
chicken breastlpineapple upside down
cake meal with all the fixin's.
To top off the meal, Lois Wise, of
Clinton, called for the Huron Happy
Hearts. The Huron Happy Hearts are a
great group of seniors from across
Huron County that come together to
exercise, round dance and have fun.
Winners for the draws were Ricki
Groothuis, George Symons, Eleanor
Horst and
Catherine
Hak.
Share the
wealth draws were won by Mabel
Strong, Esther Smale, Gerald
Groothuis, Cecilia Ryan and Catherine
Hak.
A welcome to Clare Huehn and Esther
Smale who came for the first time.
Next month, we will come together on
Thursday, March 18 for a roast beef
meal and entertainment provided by the
Zurich Connection.
Call by the Monday before to reserve
by phoning Tammy Antaya at 482-
9264.