TORONTO, ONTARIO — (Marketwire) — 01/27/12 — As the February 29th deadline to contribute to a Registered Retirement Savings Plan (RRSP) approaches, BMO Financial Group advises Canadians to take a step back and determine if their investing strategies are appropriate for their age and/or anticipated life events such as marriage, the purchase of a home or retirement.
“For Canadians to get the most from their money, their investments must be properly aligned with their current life stage,” said Serge Pepin, Head of Investments, BMO Investments Inc. “In today-s volatile market, it-s especially important not to lose sight of individual needs and to recognize the importance of a comprehensive, well-considered financial plan. More than 90 per cent of Canadians who have a plan believe it has played an important role in helping them achieve their financial goals.”
BMO Financial Group experts are available to discuss investing strategies for each life stage, including:
Your 20-s – Getting Started:
Your 30-s and 40-s – Juggling Priorities:
Your 50-s and 60-s – Focusing In:
Your 60-s and Beyond – Retirement:
“Investing according to one-s life stage can be complicated. We introduced BMO LifeStage Class Funds to help investors with such decisions. BMO LifeStage Class Funds offer a suite of mutual fund portfolios that annually shift asset mixes to enable investors to become more conservative as they approach their target end dates,” concluded Mr. Pepin.
To learn more about how to invest according to your life stage, please visit or .
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About BMO Financial Group
Established in 1817 as Bank of Montreal, BMO Financial Group is a highly-diversified North American financial services organization. With total assets of $477 billion as at October 31, 2011, and more than 47,000 employees, BMO Financial Group provides a broad range of retail banking, wealth management and investment banking products and solutions.
Contacts:
For media inquiries, please contact:
Amanda Robinson, Toronto
416-867-3996
Sarah Bensadoun, Montreal
416-867-8224
Laurie Grant, Vancouver
604-665-7596