TORONTO, ONTARIO — (Marketwire) — 01/23/13 — As the March 1st deadline approaches to contribute to a Registered Retirement Savings Plan (RRSP), BMO reminds Canadians to take their age, anticipated life goals and milestones into consideration when developing their investment strategies.
According to a study by BMO Financial Group:
“Whether retirement is many years away, just around the corner or already here, there are strategies investors can implement now to make the most of their money,” said Steven Shepherd, Vice President, Investment Strategist, BMO Asset Management Inc. “By making wise choices and reviewing their financial plan regularly, investors of all ages and stages can ensure they are on track to reaching their retirement goals.”
BMO offers the following investing strategies for each life stage:
In Your 20s – Getting That First Job:
In Your 30s and 40s – Family and Big Purchases:
In Your 50s and 60s – Serious Business:
In Your 60s and Older – Looking at Retirement Head-On:
To assist Canadians in choosing investments that match their current age, life stage and risk tolerance, BMO SelectClass® Portfolios(i) come in four portfolios options designed to align with different client risk profiles. Whether an investor is conservative, bold or somewhere in between, or they are approaching key life events and want a portfolio that matches their risk level, there is a portfolio tailored to that investor. Additionally, investors can transfer money between SelectClass Portfolios in a tax efficient manner. This type of portfolio design can give investors confidence that they can be financially prepared for retirement.
For more information on saving for retirement, please visit .
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Risk is generally the uncertainty of a return and the potential capital loss in your investment.
The following are general comments and do not constitute financial advice by BMO Financial Group. Investors should always seek advice from a qualified financial advisor prior to investing.
(i)BMO SelectClass Portfolios are offered by BMO Investments Inc., a financial services firm and separate legal entity from Bank of Montreal.
Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus of the mutual fund before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.
Contacts:
Media contacts:
Amanda Robinson, Toronto
416-867-3996
Valerie Doucet, Montreal
514-877-8224
Laurie Grant, Vancouver
604-665-7596