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June 22, 2011     The Julian News
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8 The Julian News Financial Focus How To Generate Retirement Income, During Retirement Like most people, you probably save and invest throughout your working years so that you'll be able to afford a comfortable retirement. Once you retire, you'll want to focus on strategies to help you make the most of your retirement income -- and you might want to become familiar with these ideas well before you retire. Basically, you'll have some "must do" moves and some "think about doing" moves. Let's take a look at the "must do" ones first: Take the right amount of distributions from retirement plans. Once you turn 59, you may be able to take penalty-free withdrawals, or distributions, from some of your retirement accounts, such as your traditional IRA and 401(k). But once you turn 70, you generally must Start taking distributions from these accounts. Your required minimum distribution, or RMD, is based on the previous year's balance in your retirement plan and life expectancy tables. You can take more than the minimum, but you'll want to make sure you don't take so much that you outlive your savings. Maximize your Social Security benefits. You can start collecting Social Security as early as 62, but if you wait until your "full" retirement age, which will probably be around 66, your monthly checks will be larger. And if you wait until after your full retirement age before you start collecting benefits, your checks can be even larger, though they'll "top off" when you turn 70. What should you do? Start taking the money as early as possible or delay payments, waiting for bigger paydays? There's no one right answer for everyone. To get the maximum benefits from Social Security, you'll need to factor in your health status, family F_lwardJones MAKING SENSE OF INVESTING 850 Main St #104 Ramona, CA 92065 (760) 789-2804 Yvonne P. Catton history of longevity and other sources of retirement income. Now let's consider two moves that you may think about doing during your retirement years: Purchase income-producing investments. Outside your IRA and 401(k), you may have other investment accounts, and inside these accounts, you'll need a portfolio that can produce income for your retirement years. You may choose to own some investment-grade bonds and certificates of deposit (CDs), both of which can help provide you with regular interest payments at relativ}ly low risk to your principal. However, these investments may not help you stay ahead of inflation, which, over a long retirement, can seriously erode your purchasing power. Consequently, you also may want to consider dividend-producing stocks. Some of these stocks have paid, and even increased, their dividends for many years in a row, giving you a chance to obtain rising income. (Keep in mind, though, that stocks may lower or discontinue dividends at any time, and an investment in stocks will fluctuate with changes in market conditions and may be worth more or less than the original investment when sold.) Go back to work. In your retirement years, you may decide to work part time, do some consulting or even open your own business. Of course, the more earned income you take in, the less money you'll probably need to withdraw from your investments and retirement accounts. However, if you've started collecting Social Security, any earned income you receive before your "full" retirement age will likely cause you to lose some of your benefits. Once you reach full retirement age, you can keep all your benefits, no matter how.! much you earn. Keep these strategies in mind as you near retirement. They may well come in handy. Understanding Our Economy Bring Back The Balance To Our Economy by Richard 'umka (NAPSA)--CEOs at S&P For- tune 500 companies averaged $11.4 million in pay last year, a 23 percent raise from the previous year. How many people do you know who got a raise last year? As Americans, one of our most strongly held beliefs is that people should be able to succeed if they work hard enough. That's why we throw ourselves into our jobs and want our kids to be better off than we are. We don't begrudge the wealthy for having "made it" be- cause that's what we all aspire to. The Problem Here's where the train runs off the track: When the people who are doing the day-to-day work to keep the economy moving are still worried about losing their jobs, why do the people at the top make such massive profits? Once the unbreakable backbone of this country, the middle class is severely damaged. America is on track to be a polarized society of the superrich and the working poor. The AFL-CIO recently released Executive PayWatch, an online data bank that shows just how skewed things are. According to the data, the 299 corporate CEOs at the very top received a com- bined $3.4 billion last year, enough compensation to support over I00,000 jobs at median wages. Three decades ago in a humming economy, CEOs were receiving about 42 times the pay of a worker. Today, that ratio has exploded to 343 times. A Solution There is, however, hope that Clio Pay Slerockets Compared with , Workers' Wages ........ 343 42---- m,m i i N*4r  ._ . Last year, CEOs made 343 times the median wage of a worker. things can change. The passage of President Obama's Wall Street Reform and Consumer Protection Act can help ensure that middle- class Americans are no longer required to pay so much for corpo- rate CEOs. In response, Wall Street, which wants to keep its place in the driver's seat, is fight- ing to weaken these historic reforms. What You Can Do So it's up to all of us to say "Enough." We need to bring back the balance to our economy that we so desperately need. As middle- class workers, we need to ensure our values are the ones we pass on to our children, not those of Wall Street CEOs. Learn More For more information, visit www.paywatch.org. Mr. Trumka is president of the 12 million-member AFL-CIO, which represents firefighters, teach- ers, nurses, electricians, scientists and communications workers. June 22, 2011 Rabobank, Ranked H,ghest = In CuStomer Satisfaction Among Retail Banks in California. According to a Study by J.D. Power & Associates Rabobank, N.A. received the highest ranking customer satisfaction score of 796, which was 54 points above the industry average of 742 in California. "The Rabobank logo symbolizes standing with our customers over time, and this ranking shows that our customers here in the Imperial Valley and throughout California appreciate our devotion to meeting their needs now and in the future," said Dave Takata, regional president. The annual study explores retail banking customers' satisfaction with their primary financial institution based on six factors: account activities, account information, facility, fees, problem resolution and product offerings. In the last year, Rabobank has added 26 branches to its network to provide customers with more convenient access to banking services. The bank also opened new channels for custcmer access, adding mobile banking and text banking services. The bank upgraded its personal online banking system to include Family Banking, which allows customers to give trusted family members or accountants online access to their accounts, and Direct Connect, which allows customers to link their online accounts directly to Quickm or QuickBooks. "Rabobank is commtted to making banking easy and accessible for our custom,=rs, " said Takata. "In fact, we recently launched a person-to-person payment service called ZashPay, which lets customers send and 1 ACRE - High Desert, Shelter Valley, Terraced building site, Flat and usable - $33,000. 1 ACRE - Seller will provide County Approved septic layout- $50,000. 1.19 ACRES - Recently surveyed, Nice building site with existing septic system, all utilities available, Harrison Park - $119,000. 2.5 ACRES - Fabulous View and Privacy - $59,000. 2.5 ACRES - View from Coronados to Catalina, Driveway and pad roughed in, Water meter, Seller is motivated to negotiate All CASH Offer - $85,000. 2.5 ACRES - Water meter, County Approved 3BR septic layout, Great view, Approved house plans - $110,000. 2.5 ACRES - Paved roads, Underground utilities, Approved for 3BR, Large Oaks - $150,000. 2.5 ACRES - Gorgeous Wynola Estates Parcel, Seller will provide County Approved 3BR septic layout. Cedars, Oaks, Manzanita - $158,000. 2.5 ACRES - Approved septic layout, grading plans, building plans, water meter, all utilities, Big oaks, Paved road -$219,000. 2.63 ACRES - Very private with rural views, Seller will provide Approved County septic layout. $135,000. 2.97 ACRES - Unobstructed view property, From Mt Palomar to the Salton Sea, Water meter, County Approved for 3BR residence, All utilities + Cable - $199,000. 8 ACRES - Driveway and pad roughed in, County Approved for 3 BR,Terraced for orchard, Area for Pond, Huge Pine Tree, Oaks, Manzanita, View from Mt Palomar to Ranchita - $319,000. 12.9 ACRES - Pine Hills Area, Very private at the end of the road, Large expansive views, Will trade + CASH for Julian Residence - $289,000 Apple Junction Real Estate, Inc. Paul Bmamc Owner/Broker Active 30 years full time Julian Real Estate 760.765.2878 / 760.484.7793 www.AJRE.com 2002 Manufactured Home in Golden Nugget Park. 2 Bedroom, 2 Bath, 1644 .s.f. + Bonus Room (Could be 3rd Bedroom). Wood Burning Fireplace. Fenced yard. Two (2) Decks. View of Meadow, Pines, Oaks. Walk to Town. $495 Space rental - Trash Water, SDG&E extra. $130,000 i'eceivediOn-e-Y  frbm"riend.% experiences with their banking , family nd co}rkers online." E/et with all the new branches sixth year, was fielded in January is true not only here, but also in all our Rabobank branches throughout the state. True community banking is really our legacy." The I.D. Power and Associates 2011 U.S. Retail Banking Satisfaction StudySM is based on responses from nearly 52,000 retail banking customers nationally regarding their provider. The study,, now in its 2011. About Rabobank, N.A. Rabobank, N.A. is a California community bank that provides personalized service and a full array of quafity products to indMduals, businesses, and agricultural clients, With nearly 120 retail branches, we serve the needs of communities and technology, the bank's focus remains on serving its customers and the community. "Our employees enjoy what they do, whether it's helping our customers with their financial needs or volunteering in the community," said Takata. "This Merchants Association Picnic The Merchants Association Gold Rush Days/Fathers Day Picnic at Frank Lane Park proved a thing to do for numerous families, who enjoyed the day of rides, games, a Lion's Club BBQ and panning for gems. I, 3:00 Tax Audit Representation Return Preparation QuickBooks Training & Setup Incorporation Services Business Planning 619-445-5523 ph 619-445-1421fax Community Banking New cfients only www.olbts.com from Redding to the Imperial Valley through a regional structure that promotes local decision making and active community involvement by our employees, www.rabobankamerica. com About I.D. Power and Associates Headquartered in Westlake Village, CAM., I.D. Power and Associates is a global marketing information services company operating in key business sectors including market research, forecasting, performance improvement, training and customer satisfaction. The company's quality and satisfaction measurements are based on responses from millions of consumers annually. For more information on car reviews and ratings, car insurance, health insurance, cell phone ratings and more, please visit JDPower.com. I.D. Power and Associates is a business unit of The McGraw-Hill Companies. 4.89 acres in Julian with views of Ocean. Has telephone, house plans sold with lot and comers marked. $99,000 Judy :: ,  . Raines ---, ' - _ 760-604-1946 .  ..  i DRE#01350842 - , -" -'! Experienced In All Aspects of Real Estate II Veronica Clark 760-803-3582 DRE #01092197 Yvonne P Catton Financial Advisor 850 Main St #104 Ramona, CA 92065 760-789-2804 www.edwardjones.com EdwardJoned MAKING SENSE OF INVESTING ANTHONYJ, ROMAN0 Att0rney-At-Law Real Estate, Estate Planning, Business and Water Law (619) 696-9916 1901 First Avenue, Suite 110 San Diego, CA. LOG HOME? NEED FINANCING, REF[ ? I SPECIALIZE IN LOG HOMES, DOME HOMES AND BACK . COUNTRY CUSTOM MORTGAGES, [:HA, VA CONVENTIONAL, NLadUFACTURED, MODULAR REFERENCES AVAILABLE MORTGAGE LENDER Mike MclntLoTsh BACK COUNTRY T SPECIALIST NMLS#:226000  ;"2 : 619-561-6241 FAX: 619-749-3667 0000__IUARV RESI,ES00IALI 6370 LUSK BLVD, F209 | SAN DIEGO, CA 92121 | Licensed br the Deirlmem o/Corporations under the ,.m; C13-G596 L6EI LUERS & DYER, CPAs, LIP CERTIFIED PUBLIC ACCOUNTANTS Income Tax and Accounlitg Full Service Firm Accounting and financial statements Tax planning and preparation Jebecca Luer,s, CP.4 M.qc l)crt' in laxatitm Personal attention to your special needs ynola Ccmcr -" 11wy "8, Suite ! 12 P.O. Ikx ! 934 Julian, CA 92036 Tel: 760 76f0 Fax: 760 765-O10 Email: beccaOluer'pa.com . Checking Savings I Home Equity Business Banking $ Rabobank 2033 Main St., Julian, I 765-2765 Member FDIC