Media Alert - Managing a Retirement Portfolio in a Volatile Market

    Host Pamela Wallin speaks to Gavin Graham, Chief Investment Officer, GGOF
    in the latest BMO podcast

    TORONTO, Sept. 7 /CNW/ - In BMO Financial Group's latest podcast, Gavin
Graham, Chief Investment Officer, GGOF, reviews recent market conditions and
offers tips and advice, ultimately helping make sense of what's been happening
over the last few weeks. According to Graham, the latest market volatility has
made "perfectly good investments just a bit cheaper than they were a few weeks
ago." Graham adds that "as you get closer to retirement, tax effective income
takes on more importance. We think dividends are the best thing since sliced
bread, in fact better than sliced bread."
    A recent study for Guardian Group of Funds by Ipsos Reid found that 70
per cent of boomers plan to fund at least part of their retirement with their
investments; for boomers with retirement on the near horizon, the recent bout
of stock market volatility can be unsettling. These jitters might be
compounded when you consider that 70 per cent of boomers don't feel or know if
their retirement savings are on track(*).
    The podcast can be accessed at

    In this latest podcast Graham discusses:
    -  Recent market conditions and events
    -  The "re-pricing of risk"
    -  What boomers should be thinking about when it comes to managing their
       retirement income and investment portfolio
    -  How retiring baby boomers can preserve their capital and keep pace
       with the rate of inflation
    -  The role of income trusts and dividend paying stocks in an investment
    -  What boomers can do to safeguard their investments during market

    BMO Financial Group has created a series of podcasts about Canada's new
retirement reality. Each episode examines an emerging issue facing Canadian
boomers who are approaching retirement and offers practical advice on how they
can manage these issues in the context of family, health, finances, work and
play. Pamela Wallin, a seasoned journalist and member of BMO Financial Group's
Advisory Council on Retirement, hosts the series.

    (*) results from a separate study conducted for BMO Financial Group by
        Ipsos Reid

For further information:

For further information: JoAnne Hayes, Toronto,,
(416) 867-3996; Lucie Gosselin, Montreal,, (514)
877-8224; Internet:,

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