November (26.0 MB) - Senior Connector

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November 2011 Senior Connector www.seniorconnector.com Page 25Seniors can’t wait...Coopers owner, Larry Bertoncini, awards October’s winner, Mary Aikens her $25 Coopersgift certificate.The Cooper’s Contest runs monthly in the Senior Connector.Submitted photoSubmitted by Linda HaasWhat can’t the Zone 8Seniors wait for? Well, ofcourse there are the nextBC Seniors Games inBurnaby August 21-25.Already many people 55+are actively participating intheir favourite sport or recreationalactivity, for currentenjoyment and future challengeamong the 12 zonesin the province. Some haveeven booked their accommodation.The AnnualGeneral meeting has justtaken place, with the windupfundraising dinner afterwardsat the Anavets, andthe Registrar is waiting forcoordinators of archery,cycling, mountain bike racing,one-act plays, and slopitch.But the big wait is for theannouncement about wherethe 2013 and 2014 Gameswill be held. Kamloops putin a bid for one of theseyears, and the announcementfrom the Ministerof Community, Sport, andCultural Development wassupposed to happen by theend of September. We figurethat must be governmenttime, because as ofOctober 18, it hadn’t beenannounced.What seniors in SalmonArm don’t have to wait foris the start up of floor curling.After a demonstrationby Liz Karpluk and WilfSchneider, Kamloops floorcurlers, seniors’ floor curlinghas begun at the Fifth AvenueSeniors Hall in SalmonArm, with 30 interestedparticipants.Readers will have to waitto the December issue tohear who will be the newexecutive, and who were thelucky people who won theshared pot and bucket auctionitems at the fundraisinglunch held after the AGMon October 20.And all BC SeniorsGames members and thosewho would like to share thecamaraderie of preparingfor and taking part in about30 sports and recreationalactivities in Burnaby willhave to wait until the nextmeeting on Thursday, February16 at the Anavets, 444Tranquille Road, 10 a.m., toget involved officially in thefun and excitement of theBC Seniors Games 2012.VeteransFrom page 1Jack Robinson, RCAFEstelle Kirby, RC NavyHerb Karras, RCAFStu Dexter, RCAFThe responsibility of our Veterans AffairsDepartment should be to always look afterthe people we put in harm’s way to the bestof our ability.We have been fighting this mentality inthis department for years and it’s high timethey stopped thinking they are an insurancecompany and start thinking like the supportsystem they are meant to be for all our veteranswho are in need not just those frommajor conflicts of over 50 years ago.Alex Sim, ArmyL. Col Al TrotterAllan Gilmour, ArmyTony Bellows, RCAFHow would you get help at a moment like this?Lifeline is the only medical alert service that automatically callsfor help even if you or a loved one can’t.Thompson Lifelinewww.lifeline.caOrvel DoveRCAFOlive Dove, WAAF1888-339-6588250-374-3540Wayne EverettUS Army & Air CorpsNorm Haywood, RCAFCSI:Centre forSeniorSinformationSenior Activity &Drop-In CentreOPENING SOONIn Brock Shopping CentreWatch for our GRAND OPENING to beannounced in NovemberAt CSI we are thrilled to announce the Activity & Drop-InCentre which will be located in the former Penny Pinchers at9A – 1800 Tranquille Road. CSI will not be closing our veryactive Information & Referral Centre located in Northills Mall.Our goal is to enhance the opportunity for senior inclusivenessthrough the development of an activity centre. The activitycentre will be coordinated primarily by seniors for seniors, toenhance the opportunity to learn and socialize while creatingan age friendly community.For information about how you can volunteer your timeor to make a financial contribution towards this importantcommunity project, you can contact us at the following:Call Thompson Lifeline todayLocal: 250-374-3540 or Toll Free: 1-888-339-6588and receive a free insTaLLaTionPlease quote the code below to receive this special offer.Quote this code:Coupon valid until:XX169 December 31, 2011✃Brenda PrevostExecutive Director - CSI(office) 250-554-4145 (cell) 250-371-0234Email: brenda@csikamloops.caWorking together to help seniors findthe answers to their questions and thesolutions to their concerns.
Page 26Senior Connector www.seniorconnector.comNovember 2011Searching for Investment Income?Explore All Your OptionsAs an investor, you obviouslywant your money togrow over time. But at manypoints in your life, you’llalso need your investmentsto provide you with income.Fortunately, you’ve got somegood choices available tohelp produce the incomeyou’ll need — today and inthe future.Consider the followingtypes of income-producingvehicles:• Fixed-income laddersFixed-income investments,such as bonds and GuaranteedInvestment Certificates(GICs), provide income inthe form of interest payments.Typically, longertermbonds pay higher interestrates to reward you forlocking up your money foran extended time period.However, you may not wantto just stock up on longtermbonds, because wheninterest rates rise, longertermbonds tend to fall morein price. To help reduce thisvolatility, you may want tobuild a fixed-income “ladder”of bonds and GICs ofvarying maturities. Wheninterest rates are low, you’llstill have your higher-paying,longer-term bonds workingFinancial FocusSubmitted by Lili Seery of Edward Jonesfor you. But when marketrates rise, you can reinvestthe cash from your maturingshorter-term bonds andbuy new ones that pay thehigher rates. • Income guaranteesUnless a bond issuerdefaults, you can generallycount on receiving regularinterest payments. But ifyou want an even strongerincome guarantee, you maywant to invest in an immediateannuity or segregatedfunds with guaranteed minimumwithdrawal benefits(GMWBs). As its namesuggests, an immediateannuity will make paymentsimmediately, or very soonafter purchase, and thesepayments can continue forthe rest of your life. A segregatedfund with a GMWBprovides some protectionby allowing you to withdrawa percentage of yourinvestment annually guaranteedfor life. The downside of immediate annuitiesand segregated funds isthat they may give you lessaccess to your principal thanother investment vehicles,as well as less inflation protectionand higher fees. Butthe opportunity to have aguaranteed income for lifemay outweigh those disadvantages.• Dividend-paying stocksYou can invest in stocks orstock-based mutual fundsthat provide income in theform of dividends. If youdon’t currently need theincome, you can reinvest thedividends, thereby increasingthe amount of shares youown. Of course, you will beincurring greater risk to yourprincipal than if you investedin fixed-income vehiclesor immediate annuities.Also, companies can reduceor eliminate dividends at anytime without notice. However,dividend-paying stockstypically offer much higherreturns than bonds. And infact, for the last 10 years, theaverage return for dividendpayingstocks exceeded thereturn for stocks that don’toffer dividends.Furthermore, many companieshave consistentlyincreased their dividendsyear after year. This meansthat by investing in somedividend-paying stocks, youcan achieve rising income,which you will need to stayahead of inflation. This isespecially true during yourretirement years, when youmay no longer be able tocount on regular increasesin earned income fromemployment. A professionalfinancial advisor can helpyou choose the right mix ofincome-producing vehicles— bond ladders, immediateannuities, segregatedfunds with GMWBs anddividend-paying stocks — tomeet your needs, given yourrisk tolerance, family situationand other factors. Bycreating an effective investmentstrategy, you can goa long way toward achievingthe income you need toreach your goals. Canadian Investor ProtectionFund Member Capt. Joe JasperMike Keetch, Egypt 1966Bud and Rose PetitBill ValliRita WallaceDan and Joyce DunnG r o c e r y S h o p p i n GPhone and placeyour grocery& prescriptionorders.A S S i S tA n c eSeniors Outreach Services Societyin conjunction with Canada Safewaywill help you do your shopping.No extra cost!FREE DELIVERY(with minimum $35 order)Service available to seniors in need ofassistance, shut-ins and disabled only9 am – 4 pm128 – 540 Seymour StreetFor more information, call250-828-0600Every Thursday 9 a.m. to 12 p.m.Mon – FriAvailable at Sahali & North Shore Safeway, KamloopsSahali 374-2811North Shore 376-8439saf02
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November (26.0 MB) - Senior Connector

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