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Diversification is still important for retirees

During your working years, your primary investment goal is generally growth — you need your money to grow so that you can eventually afford the comfortable retirement lifestyle you’ve envisioned.

But when you retire, should you change course and adjust your investment strategy from “offense” to “defense”?

Actually, it’s not quite that simple. To begin with, even while you are working, you don’t want your portfolio to be completely filled with growth-oriented investments, such as stocks.

If it were, you would likely be taking on a degree of investment risk that’s too high, because, as you may know, stocks will fluctuate in price — sometimes significantly.

And if you only own stocks, you could take a big hit during a market downturn.

That’s why you need to have an array of investments — stocks, bonds, certificates of deposit and so on. By spreading your investment dollars this way, you can give yourself more opportunities for success while reducing the impact of volatility on your portfolio. (Keep in mind, though, that diversification, by itself, can’t guarantee profits or protect against all losses.)

Now, let’s fast-forward to your retirement date. Once you retire, you may need to look at your investment portfolio somewhat differently — instead of “building it up,” you may now want to think of “making it last.” So, your first impression might be that instead of maintaining the diversified portfolio you had when you were working, you need to switch to predominantly “safe” investments, such as CDs and Treasury bonds, to reduce the risk of losing principal.

And such a strategy might indeed be effective — if your retirement were only going to last a year or so. But the chances are reasonably good that you could be retired for two, or possibly even three, decades.

If that’s the case, you will have to deal with a threat to your lifestyle that you might not have considered: inflation. We’ve had low inflation for several years, but that could change in the future.

Consider this: Even at a relatively low 3 percent inflation rate, prices double roughly every 25 years. And depending on your personal needs and spending patterns, your personal inflation rate might be even higher.

To protect yourself against inflation, you will find that investments such as CDs and Treasury bonds are typically not much help. In fact, in a low-rate environment, your returns on these investments may not even keep up with inflation, much less keep you ahead of it. That’s not to say they have no value — they can provide you with an income stream and help lower your overall investment risk.

But to defend your purchasing power, you will still need some growth potential in your investment portfolio during your retirement years.

Your exact percentage of stocks and other growth-oriented investments will depend on a variety of factors — your projected longevity, other sources of income, family situation, risk tolerance and so on. You may want to consult with a financial professional to ensure that your portfolio mix is suitable for your needs.

Many things may change in your life when you retire — but the need for investment diversification is not one of them.

This article was written by Edward Jones on behalf of your Edward Jones financial adviser.

This article originally appeared on Crestview News Bulletin: Diversification is still important for retirees

SHANKLIN: How to manage retirement income challenges

Market volatility is one factor to take into account when managing retirement income.

When you retire, will your cost of living decline? Some of your expenses may indeed drop, but others won’t. Plus, you may have some new ones to consider.

So, all in all, it’s a good idea to think about ways to boost your retirement savings now, before you’re retired. And once you do retire, you’ll need to be adept at managing your income.

But whether saving today or planning for tomorrow, you should familiarize yourself with the key financial challenges you will face during your retirement years.

Specifically, consider these areas:

●Longevity: Obviously, the longer your retirement lasts, the more money you’ll need. And you could be retired for quite some time. A 65-year-old man, on average, is expected to live another 17.9 years, while a 65-year-old woman can anticipate another 20.5 years, according to the National Center for Health Statistics.

With this type of potential longevity in mind, you’ll want to contribute as much as you can afford to your retirement plans, such as your IRA and 401(k), while you’re working.

Then, when you are retired and start tapping into your investment portfolio, you will need to create a sustainable withdrawal rate — one that doesn’t push you into the “danger zone” of possibly outliving your resources.

Health care: Once you enter your retirement years, your health care costs are all but certain to rise, even with Medicare.

In fact, the average annual out-of-pocket health care cost for a household between 65 and 74 years old is $4,383 — about 11 percent of total household spending, according to the Employee Benefit Research Institute. And these costs rise substantially for those over 74.

To help cope with these costs, you’ll need a reasonable amount of liquidity in your portfolio.

●Long-term care: You may never need to stay in a nursing home or receive services from a home health care worker. But you are taking somewhat of a gamble if you don’t prepare for these long-term care costs — because they are high.

In fact, the annual average cost for a private room in a nursing home is more than $92,000, according to the 2016 Cost of Care Survey produced by Genworth, a financial services company.

Medicare typically pays very little of these expenses, but a financial professional can help you find an appropriate way of coping with these types of costs.

●Inflation: We’ve had low inflation the past several years, but it hasn’t gone away entirely, and it won’t disappear when you’re retired, either. Even a mild rate of inflation can, over time, seriously erode your purchasing power. To combat the effects of inflation, you’ll need to own at least some growth-oriented investments.

●Market volatility: The financial markets will bounce up and down during your retirement years, just as they did when you were working.

The big difference? You have less time to recover — and you don’t want to withdraw from your investments when their price is down.

However, you can help avoid this necessity by maintaining enough income-producing vehicles in your portfolio; these types of investments usually fluctuate much less in value than stocks and stock-based vehicles.

By being aware of these issues, both before and during your retirement, you can prepare for them — and preparation is key to managing your income, as it is in all walks of life.

This article was written by Edward Jones on behalf of your Edward Jones financial adviser.

This article originally appeared on Crestview News Bulletin: SHANKLIN: How to manage retirement income challenges

MOLLETTE: America's wars — we never really leave

President Obama said Tuesday the United States will spend $90 million over the next three years to clear unexploded bombs dropped on Laos during the Vietnam War.

A decade ago we began spending $2.5 million a year to $15 million this year. During the Vietnam War America spent nine years bombing Laos with the goal of blocking supplies to Vietnam and fighting communist forces in northern Laos.

Our bombing effort left tens of millions of unexploded cluster bombs. These bombs are about the size of a baseball.

During the nine-year bombing, we conducted 580,000 missions over Laos and dropped over 270 million cluster bombs on this neutral country. An estimated 80 million of the cluster bombs failed to detonate, and thousands have been killed since 1973, when we ended the bombing.

We need to clean our mess up in Laos. This is good news for that tiny country. It's not so great news for America.

Our war expenditures continue to be bad news for America: $90 million out the window for more international efforts. We have communities all over our country with dilapidated schools, outdated or unsafe water supplies, desperate economies, and yet we take from our own people to spend more overseas.

How much more will we spend in Southeast Asia? The numbers are worse than horrific: 58,220 Americans died, 153,303 wounded and 1,643 missing. It is estimated that up to 300,000 Vietnam Veterans committed suicide and approximately 700,000 soldiers suffered psychological trauma.

The Vietnam War cost us $168 billion — almost $950 billion in today's dollars; this doesn't include the $350 billion up to $900 billion in veterans' benefits and interest.

Because of the Vietnam War, the American economy suffered. The ’60s were a great economic growth time in this country that spiraled to an economic crisis in the 1970s.

Since Vietnam, we have spent trillions on Iraq and Afghanistan. In just Iraq, over 4,400 U.S. service personnel were killed directly. The numbers again are brutal: 32,223 troops were injured and 134,000 civilians killed directly. 655,000 persons died in Iraq since the invasion who would have not died if we had not have invaded the country. America spent $1.7 trillion in war expenses.

We gave $75 billion to American subcontracting companies, largest of all Halliburton. We aren't done in Iraq. We still have military personnel deployed, and some of our military leadership looks back and wishes we had kept a stronger presence. Therefore, because of ISIS, we will never leave Afghanistan.

 It seems like we can never really leave. How many places can we go and still maintain an American military presence?

Currently, we have 662 military bases in 38 countries. Many of these bases are small, yet we are there.

How long can we afford to maintain so much military and American efforts throughout the world?

There is so much to do in America. I'm not anti helping other people, but we are way overboard.  We can't afford to pay our retirees what we promised and we are in a medical crisis.

Helping Laos is not the wrong gesture. It just proves that we never really leave.

Glenn Mollette is an American syndicated columnist and author.

This article originally appeared on Crestview News Bulletin: MOLLETTE: America's wars — we never really leave

HART: Kaepernick speaks out on oppression while supporting it

NFL quarterback Colin Kaepernick said, “I am not going to stand up to show pride in a flag for a country that oppresses black people and people of color. To me, this is bigger than football and it would be selfish on my part to look the other way. There are bodies in the street … This is not something that I am going to run by anybody. I am not looking for approval. I have to stand up for people that are oppressed … I know that I stood up for what is right.”

First, he had more “I” in what he says than a President Obama speech about someone else. Beyond that, this pampered athlete certainly has the right to make a statement that has no factual basis.  He can say stupid and hypocritical things; it’s every American’s right to be an idiot.

And it’s my right to make fun of him.

SUPPORTING OPPRESSION

With his whole body tattooed almost all the way up to his neck, you know Kaepernick makes good decisions. His latest rant might trigger the NFL concussion protocol.

He has been fined for using the “N” word against an opponent and then lying about it. Tapes proved he lied and the NFL fined him. A woman accused him of abuse that sent her to the hospital. So he is a racist, a liar and he abuses women. But let’s hear him out on this one as he lectures us on the oppressive conditions in America while wearing a Fidel Castro T-shirt.

Apparently, they do not teach history well at the University of Nevada-Reno. It is estimated that Castro killed between 15,000 and 33,000 people during his self-proclaimed reign as Communist dictator of Cuba.

Again, Kaepernick honored Castro, while lecturing us on oppression.

The now 85-year-old Castro oppressed and killed his own people. He ravaged Cuba’s economy and stole — his net worth is around $1 billion — before retiring to spend more time oppressing his family.

Just imagine how much Castro would be worth if he were not a “share the wealth” communist.

DISPROVING A LIE

Both “Hands Up, Don’t Shoot” and Black Lives Matter are founded on a lie. Michael Brown didn’t have his hands up in Ferguson. As to Kaepernick’s anti-cop (pro-Black Lives Matter) assertion that blacks are being shot by cops at alarming rates, the facts prove him wrong.

In her new book, “The War on Cops: How the New Attack on Law and Order Makes Everyone Less Safe,” Heather MacDonald cites simple FBI crime statistics that disprove the lie on which Black Lives Matter is based.

First, black and Hispanic cops are far more likely — 3.3 times — than a white cop to shoot an unarmed black suspect. While they are only 6 percent of the population, black males make up 40 percent of all cop killers.

Thus, she determines that a police officer is 18.5 times more likely to be killed by a black male than an unarmed black male is likely to be killed by a cop.

Blacks commit homicide at a rate eight times higher than whites and Hispanics combined. Blacks are 13 percent of the population but commit 52 percent of all murders. This puts them into more tense and more regular contact with police. That’s the issue Kaepernick should speak out about, but that won’t endear him to the media.

The media love Kaepernick’s faux protest but ridiculed Tim Tebow’s Christian values. Now Tebow has a baseball tryout with the Braves — not bad for a guy who has never gotten to third base.

Of course, this is about race, so Obama had to fan the fires. “I’d rather have young people who are engaged in the argument … than people who are just sitting on the sidelines…” Obama said.

Kaepernick is sitting on the sideline and arguing, so he is doing both.

Ron Hart, a libertarian op-ed humorist and award-winning author, is a frequent guest on CNN. Contact him at Ron@RonaldHart.com or @RonaldHart on Twitter.

This article originally appeared on Crestview News Bulletin: HART: Kaepernick speaks out on oppression while supporting it

Victory Baptist celebrates move to new location

CRESTVIEW — Victory Baptist Church has set their first service at a new location.

According to a church media release, "Victory Baptist Church has grown into a vibrant church family since it began six years ago. In 2010 the church started as a mission of Victory Baptist Church of Milton.

"The first services were held in the meeting room at Crestview’s Holiday Inn Express Motel. Consistent growth has required the congregation to move several times. Now, an average of 100 people worship and fellowship on Sunday mornings," the release stated.

“If someone asked how we grew I’d have to say it was all of the Lord,” Pastor Wayne Matheson stated.

The first service at the new location is 11 a.m. Sept. 9 at 5451 Old Bethel Road in Crestview. The community may attend the celebration.

The church looks forward to expanding its community outreach when settled at the newly renovated and larger facilities on Old Bethel Road.

For more information visit www.VBCcrestview.org.

This article originally appeared on Crestview News Bulletin: Victory Baptist celebrates move to new location

BUSH: It is time to improve the process

About a year ago, I wrote about the science fair project called HI-SEAS. The project put people in a dome on a Hawaiian lava slope to see if they could live with no outside resources for an entire year.

The participants were practicing for life on Mars.

This week, the six “astronauts” who lived through a year of simulating life on the red planet came out of their two-story high dome and found themselves in 1952.

Unfortunately, the 2016 presidential campaign is reminiscent of the race from 64 years ago.

The names change, but the tactics and types of issues remain the same.

Ecclesiastes 1:9 says, “What has been is what will be, and what has been done is what will be done, and there is nothing new under the sun.”

That is true in many ways, and politics is one of them.

Let’s compare the 2016 race to 1952.

In 1952, everyone was scared of communists. They were everywhere if you listened to politicians.

There was even “extreme vetting” where alleged communists were called before Congress to prove their American allegiance. Many in the GOP must really believe those were the good old days.

In 2016, all illegal immigrants are rapists, drug dealers and killers. It seems odd that with at least 11 million of them here, campaigns keep using the same five families to show how horrible illegal immigrants made life for their families.

I’m not sure, but I bet you are statistically as likely to be raped by a Stanford University swimmer as you are an illegal immigrant.

There is no more popular television interview than the member of a group discriminated against going live on television and agreeing with the racists who hate him but appreciate his acceptance of it.

A recent example of that is the founder of what is I’m sure a small group called Latinos for Trump. Marco Gutierrez said he agreed that illegal immigration must be stopped. Mexican culture, he argued, was far too dominant to be assimilated. If they are allowed to stay, they will destroy America.

“My culture is a very dominant culture,” he said. “It’s imposing and it’s causing problems. If you don’t do something about it, you’re going to have taco trucks on every corner.”

One man’s nightmare is another man’s fantasy.

Those poor people who came out of the dome in Hawaii may wish they were back on fake Mars soon. When the Donald Trump and Hillary Clinton ads take over the airwaves, we may all want to join them.

This race is scary for many reasons, but the biggest problem is that you have the two least popular candidates ever highlighting each other’s many faults constantly.

That will not help either candidate’s public perception.

Think about how this ends.

Sometime late in the evening on Nov. 8, the biggest selection of voters in United States history will immediately feel a sense of doom and despair because the one of the least favorable candidates ever has just been elected.

I don’t know about the doom and despair, but America will elect one of these two and the lesser of two evils will make a reservation for four years in the White House.

We need to start now in thinking beyond 2016. How can each party develop and promote better candidates? Trump and Clinton may be horrible but both parties used an extensive process to select them.

If horrible is the best you’ve got, maybe it is time to change the system.

Six participants survived for a year in a fake Martian habitat in Hawaii. America survived the Red Scare in 1952. We will survive the presidential election of 2016.

It is time for us to learn from our mistakes and begin building better political parties and processes.

This article originally appeared on Crestview News Bulletin: BUSH: It is time to improve the process

HUBBUB: Readers' thoughts on Crestview business growth

CRESTVIEW — Numerous readers shared their thoughts on Crestview business development.

Here are some of their comments:

PRIMETIME PRICES FOR POOR LOCATIONS

Crestview has always been poor for businesses — just look at how the only new businesses we ever get are hotels, banks and fast food — the three places Crestview needs less of, not more!

I had planned to open a real local small business two years ago, but the cheapest place I could find that was not 500 to 800 square feet wanted $1,500 to 3,000 for awful locations with bad buildings and surrounding businesses.

And then the Realtors wonder why good shops on Main Street sit empty for years, or are constantly changing tenants.

Land/building owners in this town think that their locations right next to the ghetto, that were built 50 to 60 years ago, are worth primetime prices.

I made the smart choice, and I'd just move any new business to Pensacola — cheaper rent, and more people and places anyways.

RYAN RIESS

BUSINESS FEES OUTRAGEOUS

Mr. Boyles is correct; we do not have more businesses such as shopping, restaurants, etc., because the city of Crestview is unfriendly to new business and charges outrageous fees.

Crestview is growing everyday — seems certain people in charge need to be replaced with more open-minded people like Mr. Boyles.

JACLYN HOSKINS

NOTHING HAPPENS HERE

This city suffers because they don't put any effort into attracting any business. Plus the stagnant events and social life here.

Nothing happens here. Same handful of events year after year. A stage at Spanish Trail that sits vacant most the year.

Why spend money here when it's better spent in Destin, Fort Walton Beach and surrounding cities.

AW RATLIFF

SECOND PUBLIX IS A GOOD THING

… A big company like Publix coming is a fantastic move in a better direction. If they see growth in this area, that is great. Others will follow in their steps.

I see it opening lots of doors for other companies wanting to come and build. Publix is a big name and others will want to be apart of it now.

Plus they always have some good places in their shopping centers, which will in turn be a good thing.

KIM LENNARD JOHNSON

DISAPPOINTED WITH PROGRESS SO FAR

I have lived in Crestview for 13 years and am so disappointed with how things are not progressing. All this town knows is fast food.

BONNIE SWEENEY RINCON

DEPARTMENT STORES NEEDED

This town needs more department stores! How is it that Wal-Mart has been able to remain the only place to shop for most things needed? And why exactly do we need yet another Waffle House and Publix? Why can't we get an IHOP, Target or Olive Garden?

MANUELA DAVIS

MORE JOBS A PLUS

Anything to create jobs is a plus, however it would be nice to add something new for kids, more dining options, etc.

TARA STEADMAN

UNWILLING TO GROW

We need more department stores, more restaurants — not repeating what we already have!

This place is so stagnant and unwilling to grow! Yes, fill those empty places on Main Street and around town — what is this city afraid of?

Well, at least we have Fort Walton and Pensacola to do our shopping. It’s a shame our money has to go to other towns and not ours! Shame!

LINDA

LOOK ON THE BRIGHT SIDE

People are always complaining. A Publix is a great source of jobs, not to mention the complex will bring other business.

Just be happy for growth and jobs.

TODD LAWRENCE

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This article originally appeared on Crestview News Bulletin: HUBBUB: Readers' thoughts on Crestview business growth

HOPKINS: Could Trump win?

Photo is Special to the Press Gazette

According to Washington’s political pundits, Donald Trump’s rise is a history-making event that will change American politics and the Republican Party.

To his backers, he is the answer to “politics as usual,” that has failed the middle class and the country.

To his critics, his success is the product of a Tea-Party conservative movement that has run amok.

Some say he is an ultra-conservative and others call him a flaming liberal in sheep’s clothing. So far, he has defied conventional logic. Whatever he is, traditional Washington needs to batten down the hatches; a tornado has come to town.

It has been more than a year since Donald Trump, real estate magnate of New York City and multi-billionaire, declared himself a candidate for president of the United States. Since that date, he has run the most unorthodox campaign in the history of American politics.

There is no reason to repeat his personal attacks on others, his off-the-wall statements, or his advocacy of actions that would violate our Constitution. Those are replayed in column after column in the nation’s newspapers. Repeatedly, the critics have predicted his demise, but in state primary after state primary he proved them wrong. Now, he is the Republican nominee.

Some critics say, “But, he hasn’t served in the military.” It is not without precedence that a president could become commander-in- chief without having served in the military. Neither President Obama nor former President Clinton had a military background.

Still, we assume that an NFL coach will have played the game, that an industrial CEO will have worked in the industry, and the comparisons could go on and on. When the safety of our country is at stake, we don’t like to take chances. Experience is important.

The real question on everyone’s mind — Republicans and Democrats — is, “Could he win? Could the TV reality show star with no political experience and little knowledge of the inner-workings of either the operations of government or U.S. foreign policy actually become our president?

The answer is a resounding yes.

How could he win? The answer to that question is in the history of the past two elections for president, both won by President Obama. The Democrat strategy for winning in 2008 and 2012 focused on the states with the most electoral votes. These included California, New York, Florida, Ohio, Pennsylvania, Texas and Illinois. In 2012, President Obama won six of the seven major states with the most electoral votes. Candidate Mitt Romney won only Texas of the big seven.

For Trump to win in November he must win at least four of the major seven states.

Can he do it?

That is the question we will ponder until the general election in November. The most likely states to flip to the Republican side are Florida, Ohio and Pennsylvania. Including Texas, if these four were counted in the Republican totals in November it would give Trump a split of the major states. He could pick up the additional votes he needs by holding the states that were won by Romney in 2012.

In votes by states, the 2012 election was very close. Democrats won 26 states to the Republicans’ 24. Should Trump succeed in flipping these three key states and holding the other solid red states, he would have 27 states to the Democrats’ 23. The numbers would be very close, maybe as close as the Gore-Bush race of 2000 that had to be decided by the Supreme Court.

So, can he do it? The answer is a resounding yes. Will he do it? That answer is bound up in his appeal to women, Hispanics and other minorities who vote in larger and larger numbers each time we hold a national election.

Remember that old TV show called “The $64,000 question?” Well, this question is worth significantly more.

The future of our country is riding on the outcome.

Dr. Mark L. Hopkins writes for More Content Now and Scripps Newspapers. Contact him at presnet@presnet.net.

This article originally appeared on Crestview News Bulletin: HOPKINS: Could Trump win?

CROSE: Crestview church group helps Louisiana flood victims

This First United Methodist Church mission team traveled to Louisiana Aug. 21 to help flood victims. Pictured in front, from left, are Sharon Wykle, Pam Hight, Marion Sayger, Barbara Adams and Olen Hinton. Back row: Lincoln Sayger, Pam Brewster, Paula Wright, Jean Liles and Paul Hinton. (Special to the News Bulletin)

A 10-member mission team from First United Methodist Church, Crestview drove to Baldwin, Louisiana on Aug. 21 to the United Methodist Committee on Relief's Sager Brown facility.

There they participated in a hands-on short-term mission trip. With the flooding in Louisiana, this was the perfect opportunity to assist flood victims in a tangible way.

This team was made up of adults from ages 39 to 79, which shows that one is never too old to serve the Lord.

Due to the great need for assistance, once the team was in Louisiana, all efforts were dedicated to packing "flood buckets," which contained these and more items:

●5-gallon cleaning bucket with a lid

●cleaning supplies

●trash bags and dust masks

●sponges and scrub brushes

●gloves, air freshener and bug repellent

●clotheslines and clothespins

It was all hands on deck to get these buckets packed and loaded onto pallets, which could then be taken to a Methodist church in Baton Rouge for distribution.

Churches requested needed items and the Sager Brown UMCOR then provided them. Along with the team from Crestview, there were churches from Texas, Tennessee and Native American churches from Oklahoma, all coming together to share the love of Christ with the flood victims.

The week flew by for the missions team. Monday, Tuesday, Thursday and Friday were dedicated to working on the flood bucket assembly line.

On Wednesday, food distribution to local and needy seniors took place, with the food being provided by the U.S. Department of Agriculture and Catholic Charities.

The warehouse where the work was done was not air conditioned, but volunteers did have lots of water and industrial fans.

In talking with several team members, I was told that this was a great experience for helping others, as well as meeting other Christians who love the Lord.

This was also a good chance to network with different churches about other ministry needs.

If you would like to donate to the Louisiana flood victims, here are two links:

●American Red Cross: https://www.redcross.org/donate/donation

●UMCOR: www.umcor.org

●Samaritan's Purse: www.samaritanspurse.org/

Janice Lynn Crose, a former accountant, lives in Crestview with her husband, Jim; her two rescue collies, Shane and Jasmine; and two cats, Kathryn and Prince Valiant.

This article originally appeared on Crestview News Bulletin: CROSE: Crestview church group helps Louisiana flood victims

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