Many Canadians are aware that small businesses are a major force in today’s economy. With the establishment of cost-effective technologies such as the Internet and the personal computer breaking down the high cost barriers of entry, many entrepreneurs are testing the waters of self-employment like never before. According to one estimate by CIBC senior economist Benjamin Tal, by the end of the decade, one-in-five Canadians will be self-employed.
Along with greater independence and the increased earnings potential that self-employment can provide comes a list of some financial risks. Unlike the majority of Canadians who contribute to and benefit from the Canada Pension Plan, Employment Insurance and company sponsored benefit programs, if their enterprise either fails or they succumb to a disability, small business owners are on their own. This hard fact makes the issue of personal financial planning an essential strategy for the owner of a small business to succeed.
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MANULIFE GUARANTEED INCOME FUND (this is a Seg Fund)
The IncomePlus Solution
The first Guaranteed Minimum Withdrawal Benefit (GMWB) product in Canada, GIF Select featuring IncomePlus:
Protects your principal
IncomePlus guarantees you'll never lose your original investment.
Provides the ability to earn a bonus
If you're at least 10 years from retirement, you can earn a 5% guarantee bonus for each year you don't make withdrawals… which could add up to at least an extra 50% of your original investment.
Locks in market gains
Every three years we automatically lock in market gains and guarantee bonuses so your guaranteed savings and guaranteed retirement income can actually increase over time to help offset the effects of inflation.
Call your financial advisor today for more information. If you happen to drop by the office, we have information packages available, ask Adele
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