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Education Centre:
Saving for Your Dreams
 You may have
developed plans for your long term goals, such as retirement and post-secondary
education. Have you also considered
your short-term goals such as vacations, a new house, or new
vehicle? This may include many of the same investment
tools, such as stocks, bonds, GICs and Mutual Funds. But before investing
in these, consider:
- Your investment objectives: What are you saving for? What kind
of return do you expect?
- Your investment time horizon: When will you want to achieve your
objective? This will affect your ability to assume risk and the type
of investments to consider.
- Level of risk: What level of volatility within your savings
plan would you be comfortable with? Before investing, you must determine
how comfortable you are with possible short-term volatility.
By considering all of these factors before investing, you may invest
wisely and realise your dreams.
The following are helpful tools in identifying your savings needs:
- Savings Planner
The Savings Planner helps determine a savings plan to achieve specific
financial goals based on cost, time and savings growth.
- Advantage of Early Investing
The Advantage of Early Investing tool is designed to show you how
you can take advantage of the power of compounding to achieve personal
retirement goals. Virtually every guide to personal investing will
tell you that the best way of meeting your savings goals is to start
early, invest on a regular basis and stay invested. Investing earlier
on in life and taking advantage of compounding investment returns
can
produce better results than investing later in life and with more
money.
- Investment and Regular Deposit
This tool is designed to illustrate the effect of a regular deposit
as part of a periodic savings program. By providing a few details
about
your investment plan, the Investment and Regular Deposits calculator
illustrates the total growth of your deposits.
- Investment and Regular Withdrawal (Investment and Savings)
This tool is designed to illustrate the regular income stream that
could be produced from a non-registered investment. By providing
a few details
about your investment plan, the Investment and Regular Withdrawals
calculator illustrates the depletion of assets through a regular
withdrawal program, while taking into account the growth of the
assets over time.
Planning a Vacation or a Business Trip?
 With
as little as 10% of your out-of-province medical bills covered by your
government health plan, an unexpected accident or illness while travelling
can cost you money. In fact, without proper travel insurance, many hospitals
won't even admit you.
ATB Travel Protection® covers you against unforeseen
accidents and illnesses. All of our plans provide you and a covered family
member or travelling companion up to $2,000,000 emergency medical coverage
worldwide and within Canada. Coverage is affordable and simple to obtain
(it can even be purchased online!).
Enjoy worry-free travel with ATB Travel Protection.
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