Moore sentenced to 16 years in prison for assault Tea Party holds candidate forum Hamersville Police Dept. introduces newest officer Russellville Council takes action on closing alleys Anthony R Traylor Caryl J Eyre Jays clinch 2nd in SHAC Division I Week 7 football roundup Battle between Eastern, Ripley ends in tie Broncos are SBAAC American Divison champs Lady Rockets enter final game of regular season on 3-game win streak Lady G-Men claim wins over Manchester, Bethel-Tate Lady Broncos win at New Richmond, rise to first in SBAAC American Division standings Judge approves sale of hospital Trump losing support in Ohio delegation Manhunt ends with arrest of alleged bank robber Joyce A Mignerey George W Kilgore Vernon Creighton Brittany A Perkins Sister Jane Stier Jeff Bess Russell Rockwell Lady Warriors looking to get back to winning ways G-Men rise to 2nd in SBAAC Nat’l Division Western Brown volleyball team jumps to 12-6 with wins over Norwood, CNE Week six football roundup Track champions determined at MRP in an exciting night of racing action Sectional tourney play begins for Western Brown girls tennis Phillips, Sininger advance to district golf tourney Christopher W Baker Sherry A Napier Betty L Kelley Virginia E Deininger Shirley J Carr 2016 Brown County Fair comes to an end Coroner appeals ruling on Goldson investigation Ripley Federal merges with Southern Hills RUCK March set to raise veteran suicide awareness Louise I McCann Louise I McCann Jackie Garrison Kathy S Jordan Rockets rally for first league win Lady Broncos rise to 10-6 with win at Wilmington Broncos begin quest for SBAAC American Div. title Lady G-Men looking to bounce back from recent losses SHAC golf season in the books Lady Rockets top Whiteoak Fair Royalty chosen for 2016 Troop Box Ministry still going strong after 15 years Three sentenced in Common Pleas Alex K Miller Denvil Burchell Maneva H Teague Vincent A Cluxton Stanley J Brannock Robert L Dyer Mary L Phillips Broncos gallop to 9-0-1 with win over G-Men Tight battle continues for SBAAC American Division volleyball title Jays rally for win over Rockets Week 4 football roundup Sininger is SBAAC Nat’l Division Golfer of Year Lady Rockets top CCD, fall to CNE Janet R Reveal Paul D Hines Gas skimmers stealing identities Democrats meet in G’town Humane Society horses now up for adoption New ‘B-Fit Program’ at this year’s fair Drug Task Force marijuana eradication Cheryl L Sams Aaron S Cartwright Tommie E Stout Rockets soar past the Warriors, 5-0 G-Men place runner-up in Vern Hawkins XC Invite Lady Warriors cruise to victory over Fayetteville Broncos remain unbeaten at 6-0-1 Lady G-Men win at Ripley Week 3 football roundup Broncos lead after round two of SBAAC American Division play Ohana Music Festival a huge success Man charged with 292 counts of child porn possession G’Town Council resolves zoning issues, to hold public meeting on medical marijuana Chase pleads guilty to obscenity charges Georgetown Nativity Scene to be on display, much longer this year Georgetown Police Chief Rob Freeland, updates council on village happenings Jay R Crawford Kenneth James Verne Wisby, Sr Kenneth J Barber Olivette F Corbett David E Kelsey, Sr Betty A Stegbauer Virginia McConnaughey Chantal C Cook Chase pleads guilty to obscenity charges Brown County jobless rate at 16 year low UC to eliminate smoking on campus

Know the impact of retirement goals

The concept of “retirement” has changed dramatically in recent decades. Today’s retirees are traveling, volunteering, pursuing their hobbies — and even working for money. In fact, as a retiree, you can essentially do anything you want, as long as your health and finances permit it. Through exercise, proper diet and avoidance of bad habits, you can do a lot to stay physically healthy. And by clearly identifying your retirement goals and estimating their financial impact, you’ll know how to stay “financially healthy” throughout your retirement years.

So, what are your retirement goals? Here are some of the more common ones:

Travel. Many people can’t wait to see the world once they retire. If you’re one of these eager travelers, you’ve got more choices than ever. Programs such as Road Scholar (formerly known as Elderhostel) provide educational travel programs to virtually every area on the planet. And, of course, you are free to journey on your own. But however you decide to hit the road, you’d better bring your wallet — because travel is expensive. One way of dealing with these costs is to place a certain amount of money each year in a liquid account that offers significant protection of principal. Set aside enough money to cover all your travels for a year, and when it’s exhausted, you’ll know it’s time to stay home for a while.

Rent or buy a second home. During retirement, many people like to spend a few months each year in a more pleasant climate or in a location nearer their grown children. If you are considering a second home, you’ll need to decide whether you want to rent or buy. You’ll find considerable differences from a financial point of view, so you’ll want to think carefully about your choice.

Pursue your hobbies. While you were working, you might have wished that you had more freedom to pursue your hobbies. Once you retire, though, you’ll probably have a lot more time to do what you like, whether that’s driving your classic car, painting landscapes, golfing, fishing, building furniture — whatever. Be aware, however, that some people do get over-exuberant and spend more money on their hobbies than they can really afford. So have fun with your pursuits, but set a budget — and stick to it.

Get back to work. Upon your formal retirement, you may decide to do some consulting or open a small business. Any wages you receive can greatly improve your retirement income picture. For example, the more money you earn, the less you’ll have to take out each year from your 401(k), IRA and other retirement plans. (You will have to take at least minimum withdrawals from some of these accounts.) Plus, if you make enough money, you may be able to postpone Social Security for a few years, thereby increasing your monthly payments when you eventually start taking them.

As you can see, your retirement goals will be closely tied to your finances. So think carefully about what you’d like to do when you retire — and connect these objectives to the money you’ll spend and the money you may earn. By being aware of both your dreams and your “bottom line,” you should be able to enjoy the retirement lifestyle you’ve envisioned.

Jim Holden is a local Edward Jones Financial Advisor in Georgetown.

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