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Finance – Saving, Investing and Protecting Your Money for Older Adults (Prince County)

This course will be taught over two sessions, each with a midpoint break. The two-part course will educate you on how to save, invest and protect your money appropriately for your personal situation. Time for questions will be provided throughout the session. We will start in Part 1 with advice on choosing your financial advisor and on how to ask the right questions. Topics reviewed will include inflation risks; when to draw from your RRSP; what you need to do with your RRSP at age 71; how much money you should hold in a savings account for an emergency fund; how to safely invest the money that you may need over the next 5 to 10 years; and, a review of annuities and securities that pay interest. Part 2 will start by discussing your choices for investing money you will not need for a long time. We will define risk, look at the stock market and various related products. We will discuss whether your expectations for rates of return are reasonable; and then consider the types of investments available to you, such as stocks, mutual funds, exchange traded funds, etc. We will also discuss the different ways of investing in these products. As time permits, the discussion may move to avoiding scams and high risk investments, and how you can help your children or grandchildren. The instructor does not hold a license to sell securities, and will not be giving any specific advice on what stocks, for example, you should buy or sell.

Course Locations and Times

	Offering Period & Time	Location	Status
Fall	11/05/2024 - 11/06/2024 Tuesday, Wednesday 1:00 PM - 3:30 PM	Eptek Art & Culture Centre 130 Heather Moyse Dr SUMMERSIDE C1N 5Y8	Open
Winter
Spring

Requirements	To make the most of this course, write your questions down in advance - bring them with you or send them to the instructor upon receipt of his invitation to do so before the course. Only questions of general interest to the audience will be discussed during the session.
Objectives	The goal of this seminar is to to teach you the appropriate way to save and invest during your retirement based on your personal circumstances, and ensuring you know how to identify the safety or risks of your savings and investing strategies. After all, you are the person who is accountable for the money you make or lose, and if you choose the wrong investment or the wrong advisor, you hold all the risk.
Teaching Process	In-person presentation and PowerPoint with Q&A
UPEI Parking Pass Required?	No
Additional Costs?	No
Additional Costs or Information

Course Facilitator

Blair Corkum

Blair is a Chartered Professional Accountant who has provided tax and financial advice for 48 years. He is unique in PEI because he focuses primarily on giving hourly based, fee-only financial advice as a Certified and Registered Financial Planner. He does not sell any investments, insurance, or other products, and does not receive any commissions or referral fees, thereby ensuring his independence and objectivity. Now semi-retired, his engagements are primarily one-time only meetings with older adults giving financial advice in the areas of retirement planning and long-term care matters, offering second opinions on the appropriateness of existing financial plans, and assisting with tax and estate planning, in addition to his financial divorce counselling. Blair considers himself a lifelong learner and also holds designations of Chartered Financial Divorce Specialist – Advanced Accreditation, Chartered Life Underwriter and Certified Health Insurance Specialist. Blair has written numerous articles and provided many seminars on financial planning topics, and has his own web site (www.corkumfinancial.ca) with over 100 of his articles and useful links to help you ensure you are doing the right things with your money. He has been profiled in national magazines, quoted in a variety of publications, appeared as a guest on radio and television, and volunteers with several non-profit organizations.