James E Newman Paul E Funk Alan Hanselman Robert V Nash III Frances L Poole Minnie E Fisher Donovan M Pope Irvin E Stiens Myrtle L Lane Ralph L Davidson August J Pace Carl R Brown Phyllis J Beard Lady G-Men complete sweep of Tigers in SBAAC Nat’l Division G-Men pluck Cardinals, 6-4 Warriors climb to 4-1 in SHAC with victory over North Adams Broncos rally in 7th for 5-4 win over Batavia Blue Jays still in search of first win Three million dollar jail expansion planned Higginsport enforcing speed with camera Unemployment rate falls in county, southern Ohio Varnau not restricted from talking online about Goldson case Rockets fall to 4-1 in SHAC with loss to North Adams Bronco tennis team tops Bethel-Tate, 5-0 Lady G-Men rise to 7-4 with win at Goshen Lady Broncos’ big bats hammer out 11-0 win over Batavia G-Men showing improvement Keith Shouse Diane L Steele August Hensley Louise R Murrell Fire strikes Mt. Orab Bible Baptist Church Grant Days 2017 attractions Man accused of sex crime, giving pot to kids Ten indicted by Brown County Grand Jury 5th Annual Rick Eagan Memorial 5K Run/Walk coming up in May Birds of Prey Three sentenced in common pleas court John H Young II Sally A Gibson Barbara Burris Mary Ann Napier Martha L Newland Marlene Thompson Patricia A Firrell Kellie J Berry Mt. Orab, Hamersville students take part in ‘Hoops for Heart’ Eastern players take part in District 14 All-Star Games DeWine meets with local officials Eastern Superintendent praises students accomplishments during board meeting Local author’s story appears in new book Four sentenced in common pleas court Three to run for Municipal Judge Grant Days 2017 coming in April Lincoln’s Generals at Grant Days Brenda R Harris Mock crash staged at Georgetown High School Georgetown to hire eighth full time police officer Reception honoring Becky Cropper April 2 PRC to host annual community supper Rockets blast past the Blue Jays Georgetown hosts ‘season opener’ track and field invite Lady Rockets cruise to 10-0 win over Ripley Lady Warriors, Lady G-Men split games in season opener double-header Bobby A Reed Harold L Barger Ralph M Gaither Stranded students rescued by Brown County cooperation 4-H Teen Ambassador Dunning attends SHOT Show Veterans Service Commission invites veterans to seek help with benefits Unemployment rate rises in Brown County Pick a Lollipop, help a dog A season to remember G-Men hit the field for first baseball scrimmage Eastern’s Rigdon, Purdy earn AP SE District Div. III honors New blocking, kicking rules address risk minimization in high school football Judy A Schneider James M Darnell Lawanda R Truesdell Paul E Grisham Arrelous R Rowland Dennis E Stivers David M Daniels Fayetteville man is charged with child porn April 1st Grand Opening for Jacob’s Ladder Resale Boutique in Georgetown Talent Show auditions at Gaslight Theatre Nine indicted by county grand jury Vietnam Veteran’s Memorial Wall visit coming next May to BC Fairgrounds In it to win it! Bronco wrestlers end season on successful note Eastern’s Hopkins finishes 5th in long jump at OATCCC State Indoor Track and Field Meet SBAAC awards academic all-stars, winning teams Marvin D Atkin Beverly S Flatt Jessie M Sanders Leroy Deck Sr Jody A Towler Sherman E Young Kenneth C Burton Varnau’s face second defamation suit

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.

Leave a Reply

Your email address will not be published. Required fields are marked *

2016 News Democrat