Are Canadian Small Business Owners Heading Into Retirement Unprepared?

    TORONTO, Sept. 5 /CNW/ -

                            INTERVIEW OPPORTUNITY

    WHAT:  70 per cent of Canadian small business owners will retire within
           the next decade(*) and many will likely rely solely on the equity
           in their business to fund their retirement - unwittingly heading
           into the next phase of their lives financially unprepared.

    WHY:   This lack of investment diversification could have a negative
           impact on an owner's retirement plans if something happens to the

           Small business owners need to invest outside of their business and
           create an adequate retirement and succession plan sooner rather
           than later.

    WHO:   BMO Financial Group's retirement planning experts are available to
           provide the clarity small business owners need to make the best
           decisions to plan for the future. They can discuss:

           -  Personal investing vs. investing in a business - how to create
              a reliable nest egg
           -  Why so many entrepreneurs neglect to plan for retirement
           -  Tips for small business owners when it comes to investing and
              planning for retirement
           -  Key hurdles small business owners face when managing personal
           -  Advice for entrepreneurs who want to plan a graceful exit from
              the business

    (*) Canadian Federation of Independent Business

For further information:

For further information: To arrange an interview, contact: JoAnne Hayes,
Toronto,, (416) 867-3996; Lucie Gosselin, Montreal,, (514) 877-1101; Laurie Grant, Vancouver,, (604) 665-7596; Internet:

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