RSP Interview Opportunity - Like Many Canadians, Small Business Owners Are Heading Into Retirement Unprepared



    TORONTO, Jan. 31 /CNW/ -

    
    WHAT:     According to the Canadian Federation of Independent Business,
              seven in 10 small business owners are expected to retire within
              the next decade, yet many of them don't have an adequate
              retirement plan in place.  Like all Canadians, small business
              owners must plan ahead to ensure they can achieve their version
              of retirement when the time comes.

    WHY:      One of the most common mistakes small business owners make when
              planning for retirement is putting all of their eggs into one
              basket.  For example, small business owners tend to invest all
              their profit directly back into their businesses instead of
              diversifying some of these funds by placing them into an
              investment portfolio.  This lack of investment diversification
              could rob small business owners of their retirement nest egg if
              something were to negatively impact their business.

    WHO:      BMO Financial Group's national and local retirement planning
              experts are available to discuss the following:

              - Planning for the new realities of retirement. Retirement is
                no longer triggered by age or characterized by rounds of golf
              - where should small business owners start to ensure they can
                enjoy their version of retirement?
              - Key hurdles small business owners face when managing personal
                finances
              - Is relying on the sale of the family business enough to fund
                retirement?
              - Tips for small business owners when it comes to investing and
                planning for retirement
              - Personal investing vs. investing in a business - how to make
                the most of your investments
    





For further information:

For further information: To arrange an interview, contact: JoAnne Hayes,
Toronto, joanne.hayes@bmo.com, (416) 867-3996; Lucie Gosselin, Montreal,
lucie.gosselin@bmo.com, (514) 877-1101; Laurie Grant, Vancouver,
laurie.grant@bmo.com, (604) 665-7596; Internet: www.bmo.com

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BMO BANK OF MONTREAL

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