June 9, 2008 Morning Spot

This is Jeff Wareham, ScotiaMcLeod Wealth Advisor, with some thoughts for investors outgrowing their mutual funds.

Financial planning is about looking at the whole picture. Traditionally, advisors look at an individual having enough money to meet their monthly expenses. One item I frequently see overlooked is the emerging issue of long term care costs. Retirees may live for years after suffering a major health problem, and the impact is dramatic. If one member of a couple ends up needing care, the end result may be incurring the cost of running two households.

There are solutions…one of the best I have seen is the use of long term care insurance.

A properly crafted insurance solution may significantly reduce the risk to your money in retirement.

Have you protected your asset from the risk of long term care?

For a review your portfolio, or a complimentary copy of my CD, visit, www.beyondfunds.ca or call me, Jeff Wareham, at 519 660 3260.

This program is for information purposes only. Fees, management fees, and commissions may be associated with mutual fund investing.

Investors should consult their prospectus before investing. Views expressed are those of the author, not Scotia Capital. ScotiaMcLeod is a division of Scotia Capital Inc, member CIPF.