Your Money, Your Future
Put the Power of Investing to Work
BY NORTHERNBIRCHCUAre you prepared for retirement?
It’s a question Canadians from coast to coast are asking themselves. As rising costs impact day-to-day expenses, saving for the future has become an even greater challenge, leaving many feeling unprepared.
At Northern Birch Credit Union, our priority is helping our members build a healthy financial future. That’s why we offer a wide range of products for members to consider when saving for their retirement. We take the time to understand your personal goals and can recommend solutions that are right for you. Whether you are just starting out or looking to grow your existing portfolio, we are here to help.
To start, use the retirement calculator on our website to understand the optimum annual contribution you’ll need to save for a comfortable retirement.
The Power of Investing
Investing isn’t just about making money. It’s about building a secure financial foundation for yourself and your loved ones.
Investing multiplies your wealth, making your money work harder for you. For example, an investment of $100 a month at 3.5% interest over a period of 20 years will earn $10,788.10 in interest alone. That’s the power of compound interest. Try our savings calculator to see how much interest you can earn based on your specific savings goals.
The power of investing means you can:
- Reach your financial goals. Whether you are looking to buy your first home, save for your child’s (or grandchild’s) education, or looking forward to a comfortable retirement, investments can help you reach your dreams.
- Grow your wealth.Compound interest makes your money work for you. Wise investments potentially generate higher returns than a savings account and diversifying your investments can add strength to your portfolio.
- Beat inflation. Inflation erodes the purchasing power of your money over time. Investments can help you stay ahead of inflation and help to maintain your standard of living in retirement.
RRSPs, term deposits, mutual funds and other investment opportunities
We have access to a variety of investment options at Northern Birch Credit Union, and our partner, Aviso Wealth. Your choice depends on your personal goals, family needs and risk tolerance.
Each investment vehicle has unique advantages. Here are some of the opportunities available to you:
Government-sponsored investments
| Investment Option | Description |
|---|---|
| RRSPs (Registered Retirement Savings Plans) | Save for a healthy retirement and enjoy the tax advantages. |
| TFSAs (Tax-Free Savings Accounts) | Grow your savings tax-free. A TFSA is not only tax-free, it’s also flexible. It can help you save for short-term goals and build to help you reach your long-term goals. |
| RESPs (Registered Education Savings Plans) | Save for your children’s or grandchildren’s education and take advantage of government grants to increase your investment. |
| FHSA (First Home Savings Account) | An FHSA is a new tax-free investing vehicle for Canadians looking to purchase their first home. If you decide not to invest in homeownership, the investment can be easily transferred to your RRSP. |
One of the benefits of government plans like RRSPs and TFSAs is their flexibility. You can choose to invest in term deposits, mutual funds or through online trading.
| Investment Type | Description |
|---|---|
| Term deposits | Term deposits provide a higher rate of return than a savings account over a fixed period of time. They can help you save for a specific financial goal in a safe and stable way. See our current rates on term deposits. |
| Mutual funds | Mutual funds combine the benefits of diversification and professional asset management with affordability. Our investment partner, Aviso Wealth Inc, is a leader in wealth management for Canadian credit unions and their members. |
| Online trading | Online trading is a great way to make your money work for you. We've partnered with Qtrade Direct Investing® to give you the confidence to buy and sell stocks, bonds, ETFs and mutual funds - with low trading fees. |
| Qtrade Guided Portfolios® | Qtrade Guided Portfolios®, a simple and convenient digital investing service, provides you with a professionally managed, low-cost portfolio to match your personal financial goals, timeline and risk tolerance. |
Don’t wait to start building your financial future.
Every member is unique. We are here to help you work towards your financial goals. Contact us today.
*Mutual funds and other securities are offered through Aviso Wealth, a division of Aviso Financial Inc. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Unless otherwise stated, mutual funds, other securities and cash balances are not insured nor guaranteed, their values change frequently and past performance may not be repeated. Online brokerage services are offered through Qtrade Direct Investing, a division of Aviso Financial Inc. Qtrade Guided Portfolios is a division of Aviso Financial Inc.
Aviso Wealth Inc. ('Aviso') is a wholly owned subsidiary of Aviso Wealth LP, which in turn is owned 50% by Desjardins Financial Holding Inc. and 50% by a limited partnership owned by the five Provincial Credit Union Centrals and The CUMIS Group Limited. The following entities are subsidiaries of Aviso: Aviso Financial Inc. (including divisions Aviso Wealth, Qtrade Direct Investing, Qtrade Guided Portfolios, Aviso Correspondent Partners), and Northwest & Ethical Investments L.P.
Northern Birch Credit Union is here to support you on your journey towards financial well-being. The information in this article is provided as an educational overview. Each member’s financial journey is unique. We encourage you to talk to us – we can help you reach your financial goals.
Invest with confidence
Explore our investment products and services. Take the first step towards a strong financial future.
