When it comes to SAVINGS, we’ve all heard it before: “spend less than you earn and put the rest to work”, “the earlier you start, the more you will save” and the all important “pay yourself first”… Well now, SISIP Financial is offering Canadian Armed Forces (CAF) members the opportunity to do all three, thanks to the new CAF Savings Plans!
While paying yourself first is an example everyone should emulate, these new savings and investment products are an easy set-up, low maintenance saving strategy, exclusive to CAF members, with some very practical advantages: • As little as $1.00 /day gets you started
• Pay allotment option: withdrawn directly from your pay OR pre-authorized contribution (release/reserve members)
• Lowest fees, compared to industry-standard
• Cost advantage benefit, as part of CAF community
It’s not how much you earn; it’s how much you save…
Contribute $50.00 per month and in 35 years you will have saved $55,660.
Contribute $100 /month and in 35 years you will have saved a staggering $111,184! **
The CAF Savings Plans focus on simple savings / investment solutions empowering CAF personnel and their families to build lasting financial health and security. By participating, members can start implementing sound money-management habits and strategies to help them meet the demands inherent to military life; the constant relocations, loss of spousal income, drastic cost-of-living variations depending on the posting, etc. As such, CAF members can prepare for both short and long term gain by:
• Creating an emergency fund
• Saving for the purchase of a new vehicle
• Accumulating a down payment for a new home
• Banking their severance for when they release/retire
Even if you don’t know about Guaranteed Investment Accounts, Money Market Funds, Target Risk Funds, Asset Allocation … you are assured that your savings are being managed by the best investment managing firms in the world. This peace of mind is yet another of SISIP’s contributions to the CAF members’ operational readiness.
SISIP Financial advisors will match your investor profile to your risk tolerance; they are experts who will do the work “so you don’t have to”. Get a head start on your financial planning, by paying yourself first!
Make an appointment with a SISIP Financial adviser today, visit www.sisip.com. Investments provided by Great-West Life
** Rate of return used (5%) refers to the average annual compounded rate of return and does not take taxes into account.
Article Courtesy of SISIP.