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N. Warren Town and County News
Norwalk, Iowa
January 17, 2019     N. Warren Town and County News
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January 17, 2019

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Thursday, January 17, 2019 N/Warren Town and County News 3 Last-Minute New Year’s Resolutions If you still haven’t made resolutions for 2019, it’s not too late A especially when those resolutions involve your retirement. Because when it comes to having'enough money to survive — let alone flourish v— during retirement, plenty of Americans are cmning up short. For exam} e, fewer than halfefret irees —just 46 percent A agree that their retirement nest is large enough, according to a new survey by the nonprofit Trai'isai’nerica Center for Retirement Studies. As a result, too many people end up struggling when they should be enjoying the later years of their lives, sa_ Andrew McNair, founder and president ofSWAN Capital (www.SVVAN~Capital.com). As 2019 begins to unfold, McNaii' sugg, you make and follow through on these three financial resolutions: Resolve to plan for expen in retirement to equal or exceed your expenses .,)day. Many people assume t ir L xpenses will decline once they retire, but they f rget they will have more free time to do what they love, McNair s; is. “Will you want to travel? Meet friends for golf two or three time a week." he asks. "Those likely are going to be expenses you don’t have now." Also, as you age. medical expenses can cut into your savin. 5. “Sit down and think about what your ideal retirement looks like. and presume that it will be for at least 30 years." MrNair s‘ "Make ‘1 list and take a guess at what: those zit‘tiV] .ies cost ——- even ifyour retirement years away. How much money will you need coming in each month or year?” Norwaik Poitier: Report This inl'ornmtion w." ' btaineil directly from the Norwzilk l'o r- Hep tineut. liisclaiim ll (lelenrliuit ire innocent until prim n guilty in a court of law. January 4th Burglary 4700 block Devlin Drive. Rt “ident reported an envelope containing cash and c e ‘I\S was taken from their residence. Information was taken and a Resolve to get most of your investments out of tax- deferred plans. If you’re working for a company that provides a match for 401k contributions, by all means, contribute up to the maximum match. “That’s free money — you’d be crazy not to take advantage of it," McNair But anything beyond that should be invested in something that’s mor e tax efficient: a Roth IRA, municipal bonds, life insurance or real estate. If, for example. you shift money from a traditional IRA or 401(k) into a Roth lRA. you would pay the ta now, but. avoid them once you start drawing the money in retirement. Resolve to have a portfolio that generates a steady or guaranteed paycheck. The ideal financial security for retirement is having a guaranteed income that increases with inflation. “You want to plan for an income that meets or 'ceeds your annual income now,” McNair sa “F01 example, if you’ll be getting $1,000 a month from Social Security at age 62 and your current income is $4,000 a month, you need a plan that provides $3,000 a month to cover that gap.” Annuities and life insurance are the only investments that provide a 0iuaranteed i‘ncome You cannot outlive. he says. so consider them for at least part of your portfolio. “Figuring out the bi; t wz to make your savings stretch over the next 25 to 30 years can not only be confusing. it can also be overwhelming.” McNair says. “But it doesnt have to be that way. With the right planning and the help ofa financial profe. him], you should be able to prot t your financial assets while making the lifest) )u desire possible in retirement.” Page Five Women Marketing Grain Series A four-session Women Marketing Grain Series will be offered to assist women in developing plans for marketing old and new crop corn and soybeans. The series meets over four consecutive Monday evenings — February 4th. 11th, 18th, and 25th, at the DMACC Boone Campus, 1125 Hancock Drive, Boone. The registration deadline is January 28th. Classes are held from 6:00 to 9:00 p.m. each evening with a light supper at 5:30 p.m. For n ore information or questions, including cost, please contact Alex Merk at 515-432-3882 or alexmerkj,iastateedu. To register, v it http:// www.aep.iastate.edu/womeninag. OFFICIAL PUBLICATION ABRIDGED MINUTES OF THE NORWALK COUNCIL BUDGET PLANNING FOR FY20 MEETING ON -19 (Minutes to be approved at the January 17,2019 meeting) MayorTom Phillips called the City Council meeting to orderat 5:09 PM. Present at roll call: David Lester, Brian Baker, Stephanie Riva, Ed uhl. and Jaki Livingston, Absent: None (RC roll call vote) Staff present included: Luke Parris, Community Development Director;Wayne Schwartz, Public Works Director; Ryan Coburn, Fire Chief; Nancy Kuehl. Park Recreation Director; Holly Sealine, Library Director; Hollie Askey, Econo 'v Development Director; Jean Furler, Finance Directo Greg Staples, Po Chief: Lindsey Offenburger, City Clerk; Luke Nelson, City Manager Motion by Kuhl, seconded by Livingston to approve the agenda, carriexr unanimously voice vote. Budget Overview and Department Presentations Motion by Lester, seconded by Livingston to adjourn at 7:56 p.m.. car unanimously, RC, Lindsey Oftenburger. City Clerk UR PLAN AT- ANYTIME}? Paying more than $145 monthly for your Medicare plan?