IT'S MOTHER'S Day, a day to show your mother how much you appreciate the things she has done for you over the years, and to show her how much you care. In celebrating Mother's Day, some individuals opt to purchase elaborate gifts like diamond necklaces for instance, or some may take their mother out for lunch or dinner. There are also others who will either forget it's Mother's Day, or those who just can't seem to find that special gift.
If you have already purchased your Mother's Day gift, or if you're at a loss as to what you should get her, how about this; a contribution towards her retirement.
FINANCIAL SECURITY
One of the things we think about as we get older, is financial security. We may ask ourselves questions like "Will I have enough saved to live on after retirement?" or "Will I be a financial burden to my children?" The fact is, our mothers have spent their lives taking care of us, giving us food, clothing and shelter and paying for our education, in the hope that we will grow up and make something of ourselves. In some cases, she may have dipped into her retirement savings on our behalf. Wouldn't it be something to contribute to building up her nest egg? Even if your mother already has a retirement fund, it is still a good idea to add to it.
GOING THROUGH
WITH THE PLAN
Visit a reputable financial institution and speak with an advisor on the various investment options they have to offer. Choose one that's best suited for her long-term goal of saving towards her retirement. You can either open the account in her name, allowing her (and any other close relative) to add to it, or simply add to her existing retirement fund. This will increase the size of her investment, thereby allowing her access to greater returns. Unlike a piece of jewellery, this investment is a gift that keeps on growing.
It is most likely that this type of gift will be greatly appreciated. Feeling financially secure will cause her worry to be minimal, and reducing stress levels is always a good thing. In the process, you should also be thinking about your retirement fund, if you haven't already started. Whereas your mother may be older and more risk averse, and would prefer to invest safely, maybe you can try investing in the stock market to give yourself the chance of obtaining greater returns at a faster rate.
So with it being Mother's Day, use this opportunity to contribute to your mother's future, by not only giving her the fleeting happiness of a one-time gift, but instead long-term peace of mind; a nest egg to fall back on.
To further discuss investing and the many options we have available, contact DB&G at info@mydbg.com or toll free at 1-888-CALL DBG.
