Newspaper Page Text
www.starnewsgaonline.com StarNews October 15, 2023 Page 29
Start moving toward retirement security
Fred
O’NEAL
FINANCIAL
ADVISOR
It’s not as well-known as Halloween, but
National Retirement Security week happens
every October, the third week, to be precise \\
and while it doesn’t involve ghosts and
goblins, it does deal with something even
more frightening: the risk of not being able to
enjoy a comfortable retirement.
Through various events, this occasion
highlights ideas about building retirement
security. What steps can you take? Here are
some suggestions:
Don’t underestimate your longevity.
Consider this: 65-year-old men can expect to
live another 20 years, while 65-year-old
women can anticipate almost 22 more years,
iccording to the Society of Actuaries. And
these figures are just averages, meaning you
could well exceed these ages, perhaps by
many years. So, in thinking about how much
money you’ll need as a retiree, be aware that
you could spend two, or even three, decades
in retirement.
Don’t underestimate health care costs.
When you retire, some of your expenses,
such as transportation, wardrobe and other
costs associated with your career, will drop.
Others will not and may even increase. Health
care is a prime example: Many people assume
that Medicare or their Medicare Advantage
plan will take care of virtually all their health
care costs in retirement, but that’s not the
case.
Generally speaking, you could plan on
spending $4,500 to $6,500 per year on health
care costs during retirement, excluding the
large expenses connected with long-term care.
Your actual costs could be higher or lower,
depending on your health, prescription drugs
and supplemental insurance coverage, but
make sure you plan for sizable health care
costs in your projected retirement budget.
Contribute as much as you can afford to
your retirement plans. Try to put in as much
as you can afford to your 401(k) or other
employer-sponsored retirement plan and try to
increase your contributions whenever your
salary goes up. You may also be eligible to
contribute to a traditional or Roth IRA, which
offers tax benefits and a wide variety of
investment options. (Contributions to a Roth
IRA may be limited based on your income.)
Once you reach retirement, you can still
make some moves that could help boost your
financial security:
Maintain an appropriate investment mix.
When you retire, you might be tempted to
TWO MOBILE HOMES from page 14
the street from the 302 address, objected to the
Site Plan Amendment. He said he did not pur
chase a home in this subdivision where
“the house across the street is a trailer”
and that a non-standard house is detri
mental to property values now and long
term.
Florres of Haviland Drive in Tanyard
Creek said that she and others in her
family bought properties there, they are
paying the taxes, and that manufactured
homes will bring property values down.
She said, “We are not trying to be mean, but
we’re just trying to look out for our own
families.”
Council Member Brett Ledbetter said that
the construction of manufactured homes has
changed over the last ten years. This company
builds over 70,000 homes per year, buying a
high volume of materials at a lower cost than
individual builders; standards are the same as
houses built in the normal fashion; that there is
too much ‘old mentality’ about trailers; these
houses have hurricane rafters as well as highly-
rated windows, doors and insulation values.
Ledbetter said he understands the concerns of
the people in the subdivision, and he thinks the
... said that she and others ... are paying
the taxes, and that manufactured homes will
bring property values down. She said,
“We are not trying to be mean, but we’re just
trying to look out for our own families.”..
that a non-standard house is detrimental
to property values now and long-term.
council needs a little more time to evaluate the
manufactured homes.
Ledbetter made a motion to table the deci
sion for 30 days. His motion was seconded and
approved unanimously by council.
Another item of business was approval of an
award to Kimley Horn to create a comprehen
sive safety action plan for road safety for the
amount of $71,500. City was awarded a grant
for $60,000 by the Safe Streets for All to
develop a holistic, well-defined strategy to pre
vent roadway fatalities and serious injuries
within the city. Item was approved by council
unanimously.
Erica Studdard, Community Development
director, stated that the 2023
Comprehensive Plan for the City of
Carrollton has now been approved by the
Georgia Department of Community
Affairs for the next five years. Plan was
approved by council unanimously.
City Manager, David Brooks, pre
sented a Declaration of Conservation
Easements and Related Covenants and
Restrictions to the Hays Mill Road POA,
giving them the right to overlook 0.86 acres of
substantially undeveloped land owned by the
city, effectively giving them the right to main
tain that property and prevent the construction
of any buildings there. Council approved this
item unanimously.
Hayley Beaver was officially appointed city
clerk, a position for which she is already certi
fied. The job of City Clerk and Finance
Director was held by Jim Triplett who has
retired. New finance director is Kevin Bush.
Meeting was adjourned.
shift most of your portfolio into highly
conservative investments to “lock in” gains
and avoid being over-exposed to market
volatility that could cause short-term losses.
Yet, even in retirement, you should still own
some growth-oriented investments that can
potentially help keep you ahead of inflation.
In fact, it’s important to periodically
rebalance your investments back to your
preferred mix to avoid taking too much or too
little risk, so you may want to consult with a
financial advisor.
Identify a suitable withdrawal rate. You
don’t want to take out so much from your
portfolio each year that you run the risk of
outliving your money. So, you’ll want to
determine an annual withdrawal rate that can
reduce this danger. A common withdrawal rate
to start retirement is 4%, but your own rate
should be based on several factors: your age,
size of portfolio, other sources of income and
so on.It can be challenging to make all the
moves necessary to help achieve retirement
security, but it’s worth the effort.
Fred O’Neal, financial advisor, 410 College
Street, Carrollton, GA 770-832-2141. Article
was written by Edward Jones for use by local
Edward Jones Financial Advisor.
Carroll County
pistol permits
Number of Weapons Carry Permits
applied for: SEPT. 1-30, 2023: 129
Concerning Weapons Carry Permits:
On April 12, 2022, Governor Brian Kemp
signed into law the Georgia Constitutional
Carry Senate Bill 319 and the License
Reciprocity Measure House Bill 218 which
now allows a lawful weapons carrier to carry
a concealed weapon without a gun permit
requirement. A background check is still
required in order to purchase weapon - and
the applicant must pass the background check
- but a permit to carry is now longer required.
Georgia is one of 24 states that now has
Constitutional Carry which follows the intent of
the Second Amendment of the Constitution
allowing the right to bear arms.
Carroll County marriage licenses September 1-30,2023
Applicant One Last
Applicant One First
Home Town
Applicant Two Last
Applicant Two First
Home Town
Babbitt
Mason
Parma, OH
Watkins
Hannah
Carrollton, Ga
Blumenfeld
James
Las Vegas, Nevada
Speights
Laura
Lithia Springs, Georg a
Boyer
Jasmine
Carrollton, Georgia
Mitcham
Nicholas
Haralson, Georgia
Castillo Mejia
Jose
Honduras
Pineda Paz
Dominga
I londuras
Chandler
Elizabeth
Carrollton, Georgia
Williams
Michael
Carrollton, Georgia
Cloninger
Brooke
Middletown, Ohio
Hemrick
Nicholas
Newnan, Georgia
Cooley
Cassandra
Randolph, AL
McAdams
Justin
Douglas County, GA
Cooper
Ntianu’
Killeen, Texas
Vereen
Kelly
Beaufort, South Carol
Garcia Contreras
Marco
Valle De Santiago, Mex Jimenes Arredondo
Mariana
Cortazar, Mexico
Green
Shawun
Islip, New York
George
Shataya
Southampton, New Yr
Hall
Kathryn
Dover, Delaware
Ellis
Michael
Marrietta, Georgia
Henson
Sandria
Carrollton, Georgia
Brann
Fitzroy
St. Croix, Virgin lslan:
Hutchinson
Mekala
Carrollton, GA
Lora
Hannah
Austell, GA
Mendez Galo
Erick
Honduras
Cabus Castro
Dulee
Honduras
Murphy
Smiley
Miami FI, Florida
Hun'
Wesley
Elberton, Georgia
Nix
Kenneth
Russellville, Alabama
Watkins
Carol
Gadsden, Alabama
Pace
Caila
Carrollton, GA
Bonner
Benjamin
Blairsvillc, GA
Parker
Ryan
Riverdale, Georgia
Reeves
Macey-Jane
Poole, England. AH Fo
Salas Martinez
Victor
Mexico
Costilla Becerra
Julia
Mexico
Sanchez
Ricardo
Mexico
Zuniga Hernandez
Martha
Honduras
Smallwood
Gabriella
Villa Rica, Georgia
Willis
Duvante
Pensacola, Florida
Wolf
William
Atlanta, Ga
Lahanas
Danielle
Charlotte, NC
Carroll County births
SEPTEMBER 1-30, 2023:
Tanner Medical Center, Carrollton:
Females: 59 Males: 57
Tanner Medical Center, Villa Rica:D
Females: 31 Males: 28
Carroll County
cattle receipts
Carroll County Sales Barn
225 Sales Barn Road, Carrollton
Sept. 11,2023: 777
Sept. 18, 2023: 736
Sept. 25, 2023: 631
October 2, 2023: 876
Carroll County
jail population
(The Jack T. Bell Detention Center,
1000 Newnan Road, Carrollton)
Total population as of
OCTOBER 1,2023: 444
Males: 366 Females: 78
Carroll County
prison population
Total population as of
OCTOBER 1,2023: 242
Capacity: 246 Males: 100%
The Carroll County Correctional Institute
is a separate entity from the Carroll
County Jail (which houses males and
females on a temporary basis)