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100 N. 13th St., Suite 310, Norfolk, NE (3rd Floor BankFirst Building)
Jack H. Rother, CFP® Certified Financial Planner™ Practitioner
calmwaterfinancial.com 129929
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NORFOLK DAILY NEWS, TUESDAY, JANUARY 17, 2017
Licensed in Nebraska and South Dakota
ATTORNEYS AT LAW
Douglas J. Stratton, Thomas H. DeLay, Jason S. Doele, Joel E. Carlson, Tracey L. Buettner, Ryan J. Stover, Nathan J. Stratton
GENERAL PRACTICE IN STATE & FEDERAL COURTS
• Personal Injury • Automobile Accidents • Commercial Law • Divorce & Family Law • Real Estate • Wills & Estates
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• Business & Corporate Law • Worker’s Compensation • Criminal Trials & DUIs • Schools & Administrative Law • Environmental Law Email: lawyers@norfolknelaw.com 200 West Benjamin Ave. www.strattondelaydoele.com Norfolk, NE 68701 • 402-371-3100 130023
Peter E. Diedrichsen, M.D. William C. Meyer, O.D. Richard P. Haney, O.D. Jeffrey S. Saum, O.D. Alison Kuester, O.D. Richard W. Meyer, O.D. Russell M. Vetick, O.D.
Albion – 313 W. Church – 402-395-2627 Columbus – 3772 43rd Ave. – 402-563-3686 David City – 428 N. 5th St. – 402-367-3895 Fullerton – 220 W. Broadway – 308-536-2268 Neligh – 304 N. St. – 402-887-4506 Norfolk – 2501 Lakeridge Dr. – 402-371-3158
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How elder care attorneys make great assets Few people want to imagine growing old, but a time comes in every person’s life when he or she must begin planning for their golden years, including making arrangements regarding their healthcare and housing. Elder planning can be confusing, but having an experienced, knowledgeable person on your side can make all the difference. Elder care attorneys can offer expertise in areas of managed care and government plans that can help individuals retain more of their personal assets, even when their ability to control those assets is compromised. Any lawyer can create a will and draw up an estate plan. Elder lawyers are well versed in programs such as Medicare and Medicaid and can help clients navigate their way through other potentially complex issues and programs as well. Elder care attorneys and those who specialize in estate planning may have specific knowledge of any or all of the following areas: • Social Security and disability claims and appeals • preservation of assets • tax planning • conservatorships and guardianships • elder abuse and fraud recovery
• housing issues and nursing home placement • estate administration • managed care According to the National Academy of Elder Law Attorneys, Inc., finding an elder care or special needs attorney can take a little research. Specialized senior groups like AARP or groups advocating for certain diseases, may be able to offer information regarding local elder care attorneys. You also can consult with an attorney you trust and ask for a recommendation. You may want to choose a NAELA Member Attorney so you can rest easy knowing the attorney is meeting national standards. You may also seek referrals from friends or family members. If finances are a concern, address these concerns with the attorney. Some will charge hourly or offer a flat fee. Rates may be negotiable, and keep in mind that the money spent on retaining an attorney may pale in comparison to finances that could be wasted by going through the legal process alone. Elder care attorneys can help seniors and their heirs navigate the confusing waters of estate planning and managed care.
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Planning ahead saves the family emotional and financial stress during a time of grieving. Stop in to discuss your options.
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NORFOLK DAILY NEWS, TUESDAY, JANUARY 17, 2017
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How to get and keep your finances in order In 2015, analysts with the Government Accountability Office found that the average American between the ages of 55 and 64 had accrued roughly $104,000 in retirement savings, a shockingly low figure that would make it very difficult for men and women nearing retirement to maintain their quality of life into their golden years. While many people fear retiring with small nest eggs, that fear has apparently not been enough to inspire men and women to commit to saving more money for their golden years. But retirement saving is essential, especially since life expectancies are rising. According to the United Nations Department of Economic and Social Affairs, global life expectancies at birth are expected to rise to 76 years by the mid-21st century. That’s a far cry from the mid-20th century, when global life expectancy from birth was roughly 48 years. Longer life expectancies mean men and women will have to find ways to make their money last throughout their retirement. The earlier adults figure out how to keep their finances in order, the more money they will have when the time comes to retire. The following are a handful of strategies men and women can employ to rein in their finances in the hopes of saving more for retirement. • Review your finances at least once per month. Hectic schedules or fear of the
financial unknown make it easy for adults to ignore their finances for long stretches of time. But adults should review their financial situation at least once per month, examining how they are spending their money and if there are any ways to cut costs and redirect dollars going out into their retirement accounts. Redirecting as little as $100 per month into a retirement account can add up to a substantial amount of money over time. • Pay monthly bills immediately. Many
adults receive monthly bills for utilities, rent/mortgage, phone, and television/ Internet. If you have the money in your account, pay these bills the moment you receive them. Doing so is a great way to avoid overspending on other items, such as dining out or shopping trips, and then finding yourself scrambling to pay bills come their due dates. Once all the monthly bills have been paid and you have deposited money into your savings/ retirement accounts, then you can spend
any leftover money on nights out on the town or new clothes if you feel the need. • Buy only what you can afford. It sounds simple, but many adults would have far more in their retirement accounts if they simply avoided buying items they cannot afford. According to a 2015 Harris Poll conducted on behalf of NerdWallet, the average credit card debt per indebted American household in 2015 was $15,762.07. Adults who want to get their finances in order and start saving more for retirement should put the plastic away and only make purchases with cash or debit cards that take money directly out of their bank accounts once the card is swiped. • Downsize. Downsizing is another way to free up more money for retirement savings. Empty nesters can save money by downsizing to a smaller home or even an apartment. Drivers who no longer need room for the whole family can downsize from SUVs or minivans to smaller, more fuel-efficient vehicles. Adults also may be able to downsize their entertainment, switching from costly cable packages to basic plans or cutting the cord entirely and subscribing to more affordable streaming services. Getting a grip on spending can help adults save more for retirement and ensure their golden years are not compromised by lack of funds.
Casey Herbolsheimer, CFP®
CERTIFIED FINANCIAL PLANNER™
www.elkhornvalleybank.com
2401 Taylor Ave., Norfolk, NE (402) 371-7670
www.lpl.com
If You Are Serious About Your Financial Future, Come See Our
CERTIFIED FINANCIAL PLANNER™ Securities, advisory services, and insurance products offered through LPL Financial and its affiliates. Member FINRA/SIPC and a Registered Investment Advisor Not FDIC Insured | No Bank Guarantee | May Lose Value Not a Deposit | Not insured by a Federal Government Agency Elkhorn Valley Bank and Elkhorn Valley Investments are not registered broker/dealers and are not affiliated with LPL Financial
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Daniel J. Karmazin, D.D.S. Stephen E. Karmazin, D.D.S.
New Patients Welcome
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110 Benjamin Ave., Norfolk, NE Just north of the Middle School Telephone (402) 379-0468
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NORFOLK DAILY NEWS, TUESDAY, JANUARY 17, 2017
Options when paying for long-term care
Stanton Health Center 301 17th St., Stanton, NE • (402) 439-2111 www.stantonhealthcenter.com
Inpatient/Outpatient Therapy & Skilled Nursing
A fast, robust recovery from surgery or injury. For short term or long term placement, we are here for you.
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health insurance program for people age 65 and older and for some people younger than 65 who are disabled. Medicare generally does not pay for longterm help with daily activities. Medicare pays for very limited skilled nursing home care after a hospital stay, but not for many assisted living facilities. Medicaid is another option that pays for health services and long-term care for low-income people of any age. First, applicants must determine their eligibility for Medicaid. Medicaid is typically only available after most personal assets have been depleted. Even with Medicaid, a resident of a long-term care facility may need to pay a portion of the care out of pocket. What’s more, as part of the application for Medicaid, a “look back” at assets is required to deter gifting assets in order to qualify. Paying for long-term care requires planning well in advance of when such services may be needed.
Do you manage your medications safely?
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Aging has its side effects, as it’s inevitable that individuals’ bodies and minds will change as they approach their golden years. Illnesses, disabilities and other conditions may speed up the changes in certain individuals. While many seniors continue to live independently well into their golden years, some require long-term care. The decision to move an elderly relative into a long-term care facility can be difficult. In addition to the emotional effects of such a decision, families must deal with the financial repercussions. Long-term care services can be costly, and many general healthcare insurance plans do not cover long-term care. The U.S. Department of Health and Human Services offers that an assisted living facility may cost roughly $3,300 per month for a one-bedroom unit, while a nursing home may cost between $6,200 and $6,900. Seniors or families who have enough income and savings may be able to pay for long-term care services without assistance. But those who cannot afford to do so may need to utilize different programs or resources to pay for long-term care. • Long-term care insurance: According to WebMD, commercial insurers offer private policies referred to as long-term care insurance. These policies may cover services such as care at home, adult day care, assisted living facilities, and nursing homes. However, plans vary widely. In addition, the cost for care and eligibility requirements may change as a person ages, so it’s best to purchase this insurance while young and relatively healthy. • Government assistance: Government health programs may pay for a portion of certain care but not all of the services offered by long-term care facilities. In the United States, Medicare is the Federal
Anyone who takes a number of different medications, as is often the case for seniors, is at risk of making a mistake. These tips should help you prevent unfortunate incidents. • Make a list of any medication you take (prescribed and over-the-counter), and keep it up-to-date. Bring it with you whenever you meet with a health professional. • Get all of your medication from the same pharmacy and consult your pharmacist before starting a new treatment. Whether or not you have a prescription, it’s important to make sure that new medicine won’t interact with anything that you’re currently taking. • Never share your prescription medi-
cation with others, and never take someone else’s medication. • Always take your medication as prescribed at the times recommended for the entire duration of your prescription. • Ask your pharmacist about anything you’re unsure of regarding your medication, such as proper dosage and possible side effects, and read the printout that you’re given when your medicine is dispensed. • Do whatever it takes to remember to take your medication (buy a pill box, set reminders for yourself, etc.) If you are in charge of administering an elderly person’s medication, pay close attention to the task at hand. The smallest mistake could have dire consequences.
NORFOLK DAILY NEWS, TUESDAY, JANUARY 17, 2017
Nutrition and aging go hand-in-hand Nutrition is important for people of all ages, but it’s especially important for men and women over the age of 50, who can dramatically improve their quality of life by eating a well-balanced diet filled with vitamins and nutrients. Though that may seem like common sense, research has shown that men and women in this age group, who are often referred to as “Baby Boomers,” are not necessarily as healthy as they may seem. While the baby boomer generation, which is generally regarded as those people born between 1946 and 1964, boasts longer life expectancies than any generation that came before them, some of that can likely be chalked up to advancements in medical care, including a booming pharmaceutical industry that seemingly has an antidote to every ailment. But a 2013 study from researchers at the West Virginia University School of Medicine found that baby boomers are less healthy than the generation that immediately preceded them, tending to be more likely to have higher levels of hypertension, diabetes and high cholesterol. While that news might be sobering, it’s never too late for men and women over 50 to start eating healthier diets, which can reduce their risk of a wide range of ailments, including heart disease, stroke and osteoporosis. The following are a few ways men and women over 50 can alter their diets so their bodies are getting what they need to live long and healthy lives well into their golden years. As is always the case, men and women should discuss any potential changes to their diets
with their physicians to ensure the changes will be both effective and healthy. * Balance your diet. Kids hear of the benefits of a balanced diet seemingly from the moment they enter a classroom for the first time, but many adults fail to heed that basic advice as they get further and further away from kindergarten. When changing your diet, be sure to include plenty of protein and carbohydrates. Protein maintains and rebuilds muscles, which is especially important for aging men and women who might find themselves unable to keep up with the physical demands of everyday life as well as they used to. Including ample low-fat protein, which can be found in fish, eggs and low-fat dairy among other foods, will aid in muscle recovery, benefitting aging athletes as well as those men and women over who recently started Mon.-Fri. 7:0050 a.m. to 5:30 p.m. Sat. & Sun. a.m. toto 4:45 p.m. exercising as7:15 a means regaining their physical fitness. A diet lacking in sufficient protein can contribute to muscle deterioration, arthritis and even organ failure, so it’s important for men and women to prioritize including protein in their diets. Carbohydrates are also an important part of a balanced diet, as they are a great source of energy that can help men and women stay active well past the age of 50. Carbohydrates found in fruits, grains and vegetables are the most beneficial, as these contain valuable vitamins, minerals and nutrients. * Don’t denounce dairy. Dairy is a great source of calcium, which promotes strong bones and teeth. Men and women over the age of 50 want their bones to be as strong as possible because aging is one of the strongest risk factors for osteoporosis, a potentially debilitating medical condition in which loss of tissue causes bones to become brittle and fragile. Vitamin D is necessary to effectively absorb calcium, and vitamin D can be found in certain dairy products, including pasture-raised eggs and grass-fed cow’s milk, and can be generated when men and women get enough sunlight. Other healthy sources of vitamin D include salmon, light tuna packed in oil, sardines, and sun-grown mushrooms. * Cut back on sodium intake. Cutting back on sodium intake can be very beneficial, especially for men and women over the age of 50, who are at greater risk of diabetes, hypertension and chronic kidney disease. But cutting back on sodium intake takes more than just throwing the salt shaker away. Processed foods, soups, canned goods, salad dressings, condiments such as mustard and ketchup, and breakfast
cereals are just a few of the many products that may contain alarming amounts of sodium. That’s important to note, as excess sodium increases blood pressure by holding excess fluid in the body. That excess fluid puts an added burden on the heart, potentially increasing a person’s risk of stroke, heart failure, osteoporosis, cancer, and kidney disease. The problem with cutting back on sodium is that salt is so often relied on to make foods taste better, and many people find salt-free
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foods bland. But the rewards of reducing sodium intake are so significant that it’s worth making the adjustment, especially for men and women over the age of 50. No one is too old or too young to embrace a nutritious diet. But men and women over the age of 50 are in a unique position to vastly improve their quality of life by adopting a lowsodium diet that is rich in vitamins and minerals.
Norfolk Senior Citizens Center 307 Prospect Ave. • 402-371-8299 • 402-371-3930
Hours: 8 a.m.-4 p.m. • Mon.-Fri. Meals - 12 Noon • Mon.-Fri.
Sponsor of Meals On Wheels 402-371-8626 Cards, Music, Quilting, Exercise, Speakers, Gift Shop, Tai Chi, FROG, Line Dancing
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norfolkseniorcenter.org
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NORFOLK DAILY NEWS, TUESDAY, JANUARY 17, 2017
Understanding Health Savings Accounts Navigating health insurance plans can be confusing. One health insurance product that’s relatively easy to understand is a health savings account, or HSA. This type of account can help account holders save money on the costs associated with their healthcare.
What is an HSA? HSAs are like any other savings account, except they can be used for medical, vision and dental expenses. HSAs are tax-advantaged, meaning that income can be deposited into an HSA before it is taxed. HSAs can only be opened and used in conjunction with a high-deductible health insurance plan, or those with a deductible of at least $1,300 for an individual or $2,600 for a family.
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HSA details and eligibility requirements Although HSAs have contribution limits, they’re advantageous in that the savings accumulated can be used to pay for noncovered, qualified medical expenses, such as copays, vision and dental care and even deductibles. HSAs may be established through an employer-sponsored insurance plan or through a bank or other financial institution. To qualify, a person must be under the age of 65 and have a high-deducible health insurance plan.
What are the advantages and dis advantages of HSAs? There are advantages and disadvantages to HSAs. HSA account holders can control how their saved money is spent, and there’s no risk of losing the money at the end of the year because it rolls over. Taxes are not paid on money going into the HSA. In addition, employers can contribute to HSAs, and account holders do not lose their balances when they change jobs. Disadvantages include the challenge of setting aside money to put into the HSA, especially if finances are tight. One who has certain medical situations that are urgent may find that budgeting for an HSA is impractical. A retirement saving vehicle In addition to the other benefits mentioned, HSAs can be used as a way to invest in retirement. The resource NerdWallet, which offers financial tools and objective advice to help people understand their options and make the best possible decisions, says an HSA is a good retirement savings option, especially for high-income earners who can’t make deductible contributions to a traditional IRA or any contributions to a Roth IRA. HSAs can help offset healthcare costs and even help with long-term financial planning.
Seniors: 12 Tips For Safe Driving Being able to drive is a way for people of all ages to affirm their independence. That being said, certain consequences of aging, such as weakened eyesight, can affect your driving abilities. As you grow older, it’s important to be aware of these changes in order to deal with them appropriately. With that in mind, here are 12 tips to help you stay safe on the road while avoiding putting others in danger.
1. Make sure that your medications don’t have any side effects that might affect your ability to drive. 2. Always make sure that your car’s windshield and back window are clean. 3. Maintain a safety distance well above the two-second minimum that is generally recommended, and slow down whenever it rains, snows, and when the road is slippery. 4. Avoid driving long distances when possible. 5. Remain concentrated at all times, and don’t drive when you’re upset, tired or under the influence of alcohol or medication. 6. Plan your routes and choose roads that you know well, taking care to avoid rush-hour traffic and fast lanes. 7. Drive during the day, and avoid driving during periods of reduced visibility such as dawn or dusk. 8. Always wear your hearing aid if you have one, and minimize any background noise (turn down the radio, for instance). 9. Pay attention to your surroundings so as to have a general idea of the traffic conditions around you, and keep an eye out for cyclists, pedestrians and parked cars. 10. Check your blind spot more than once before you turn or change lanes. 11. Never assume that you have the right of way. 12. Consider taking a refresher driving course.
NORFOLK DAILY NEWS, TUESDAY, JANUARY 17, 2017
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Retirement saving for late bloomers Today’s young professionals hear about the importance of saving for retirement seemingly from the moment they are hired. In addition to discussions with human resources personnel about employersponsored retirement plans, young professionals are learning about the importance of saving for retirement thanks to the abundance of financial-planning advertisements on television, the radio and the Internet. Older workers may not have been so lucky, and many may find themselves trying to play catch up as retirement age draws closer. While it’s important to begin saving for retirement as early as possible, late bloomers whose retirement dates are nearing can still take steps to secure their financial futures. • Pay down debts. Eliminating debt is good for men and women of all ages, but especially so for those nearing retirement. Substantial debt may delay your retirement and can greatly reduce your quality of life
during retirement. If you still have substantial debt, eliminate that debt before you start saving additional money for retirement. Once your debt slate has been wiped clean, you can then increase your retirement contributions. • Eliminate unnecessary expenses. If your retirement savings are low (many financial advisors now advise men and women that they will need at least 60 percent of their pre-retirement income each year they are retired), start cutting back on unnecessary expenses and reallocate that money toward retirement saving. Cutting out luxury items, such as vacations to extraordinary places or country club memberships, is one way to save money. But don’t overlook the simpler ways to save, such as dining at home more often. • Downsize your home. Many empty nesters downsize their homes as retirement nears, and doing so can help you save a substantial amount of money. If the kids no
longer live at home or if you simply have more space than you will need after retirement, downsize to a smaller, less expensive home. Monitor the real estate market before you decide to downsize so you can be sure to get the best deal on your current home. Downsizing saves on monthly utility bills, property taxes and a host of additional expenses. Downsizing also means less maintenance, which gives you more time to pursue your hobbies upon retiring. • Take on some additional work. While you may have long felt you would slowly wind down in the years immediately preceding retirement, taking on some additional work outside of your current job is a great
way to save more for retirement and perhaps even lay the foundation for a post-retirement career. Workers over the age of 50 can be invaluable resources to startups or other businesses looking for executives who have been there, done that. Look for part-time jobs that seek such experience. Even if the initial jobs don’t bowl you over financially, part-time consultant work in retirement can make up for lost retirement savings and may even make your retirement years more fulfilling. Men and women on the verge of retirement can take many steps to grow their retirement savings and make their golden years that much more enjoyable.
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Caring for grandchildren may be apprehensive about this new living situation. Encourage everyone to share their thoughts and come to a consensus on how things will be done. Expect it to take some time to establish a schedule, and don’t be discouraged by any initial behavioral problems. • Take care of yourself. Grandchildren, particularly young ones, can have a lot of energy and may require constant attention. Caring for such lively youngsters can be taxing on grandparents, who must make their own health and nutrition a priority. Give yourself some time for recreation and rest. Have grandchildren help out where they can. Don’t feel you have to spend every moment entertaining them. • Ask for help when needed. Reach out to friends or community members if you are feeling overwhelmed. There are a number of resources available to you, and many organizations, including AARP, have their own tips for assisting three-generation households. Multi-generational households are common once again. Families who work together can make the most of such living arrangements.
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In the not-so-distant past, it was quite common for various generations of a single family to live under one roof and for many different members of the family to play a role in raising the children. But that dynamic slowly changed as families spread out geographically. However, when the economy faltered and parents of young children realized they needed help, many returned to the old way of doing things. Grandparents stepped up to look after their grandkids, and adults moved back home with their aging parents. Some seniors needed to move in with their children to make ends meet. A study of data from the Rand Corporation found that, of the four million children living with their grandparents in the United States, 2.5 million live in threegeneration households. Nearly 1.5 million live in split-generation households or ones in which grandparents are raising their grandchildren. The proportion of all grandchildren living in three-generation households, 3.6 percent, has been steady in recent years. Research suggests that split-generation households are usually formed when parents are no longer able to take care of their children because of physical or mental illness, substance abuse, or economic problems. Three-generation households, on the other hand, are generally formed because of problems parents encounter living independently, such as through separation or divorce or due to unemployment or economic need. Caring for their grandchildren can bring out many feelings in grandparents, from nervousness to excitement about a fresh face around the house. Raising grandkids can be overwhelming for elderly men and women, but the following are a few tips that can make the process easier. • Explore your feelings. When you acknowledge your feelings, you are on the right path to making things work and recognizing possible obstacles. • Expect mixed feelings from others. Grandchildren and your own children also
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NORFOLK DAILY NEWS, TUESDAY, JANUARY 17, 2017
The benefits to establishing advanced healthcare Healthy adults may give little thought to injuries or illnesses. When the going is good, it is easy to forget about the less pleasant side effects of aging. However, putting off these conversations and decisions can lead to unnecessary obstacles in the years to come. Advanced healthcare directives can be invaluable resources for family members and friends who will be responsible for managing a person’s plans should they become unable to make their own decisions. Various organizations, including AARP, offer resources on
advanced planning and the options available to adults looking to plan their estates. The National Healthcare Decisions Day movement, a group dedicated to providing clear, concise and consistent information on healthcare decision-making, defines advanced directives as establishing: • a “healthcare power of attorney” (or “proxy” or “agent” or “surrogate”), or the person you select to be your voice for your healthcare decisions if you cannot speak for yourself.
• a “living will” to document which medical treatments you would or would not want at the end of life. While these are decisions that people often put off, it’s important to make them as early as possible. Not only will they dictate your wishes, they’ll take the pressure off of loved ones who would otherwise be tasked with making difficult decisions on their own.
Healthcare proxy Appointing a healthcare proxy ensures that there will be someone there who has the legal authority to make healthcare decisions for you if you are no longer able to speak for yourself. This may be a spouse, child, relative, or close friend. The Mayo Clinic suggests choosing a person who can be trusted to make decisions that adhere to your wishes and values and to be your advocate if there are disagreements about your care. Be sure to have a candid discussion with your healthcare proxy in which you go over the types of medical care you wish to receive and any ways you would or would not like your life prolonged. It helps to keep the proxy up-to-date on any medical conditions you may have so that he or she can make the most informed decisions on your behalf. Having a healthcare proxy does not mean you are giving up your right to make medical decisions. It’s a fail-safe in the event you are unconscious or cannot direct medical care.
you to create specific written instructions for future health care, known as a living will. The living will should include wishes regarding life-sustaining medical treatments and revitalization if you are no longer able to speak on your own behalf. It also can spell out whether you want to remain in a hospital or receive palliative care at home for a terminal illness. A living will can be changed if/when your wishes or circumstances change.
Legal and medical advice Although legal advice is not required for an advanced directive, it can be helpful to iron out the legalities of your directives. Speak with your doctor about your desires and needs. A physician can help you form a coherent directive that is in line with your wishes. Remember, an advanced directive is not reserved for the elderly. Any consenting adult age 18 or older can benefit from a living will and other documentation.
Living will An advanced healthcare directive enables
Living in the Now, Preparing for the Future Learn how you can redefine your savings approach toward education and retirement. Call or visit a financial advisor today.
Brad Pflueger, AAMS® Financial Advisor 434 Norfolk Ave. Norfolk, NE 68702 Phone 402-371-1703 877-379-1703
Paula Pflueger, AAMS® Financial Advisor 434 Norfolk Ave. Norfolk, NE 68702 Phone 402-371-1703 877-379-1703
Jon R. Hansen Financial Advisor 2501 Lakeridge Dr. Norfolk, NE 68701 Phone 402-371-9761 888-371-9772
Chase Pflueger, CFP® Financial Advisor 1317 W. Pasewalk Ave. Suite 100 Norfolk, NE 68701 Phone 402-379-7913 855-379-7913
Kent Friedrich, AAMS® Financial Advisor 1103 Riverside Blvd. Norfolk, NE 68701 Phone 402-379-0243 877-379-0243
Jared J. Jansen Financial Advisor 2100 Market Lane Suite 300 Norfolk, NE 68701 Phone 402-371-9072 877-371-9072
www.edwardjones.com
Member SIPC 130079
NORFOLK DAILY NEWS, TUESDAY, JANUARY 17, 2017
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The benefits of preplanning your funeral Coping with the death of a loved one is never easy. Dealing with a sudden, unexpected death of a beloved friend or family member can be even more difficult, especially for those people who have to make important financial decisions while grieving. To remove the burden and stress associated with funeral planning, many adults preplan their funerals. Adults can be as specific as they prefer to be when preplanning their funerals, and doing so gives relatives peace of mind knowing that their loved ones’ funeral services were conducted in accordance to their own wishes. Preplanning a funeral may sound morbid, as few people want to think about their deaths or discuss dying with their families. But there are numerous benefits to preplanning funerals. • Preplanning provides time to make the best decisions. Men and women who preplan their funerals have ample time to decide just what they want their memorial services to be like and how they want to fund those services. Men and women trusted to make those decisions upon the death of a loved one will need to make those decisions more quickly and likely won’t be in the correct frame of mind to make decisions
that will honor their loved one’s legacy. • Preplanning ensures your wishes are honored. Men and women who formalize their funeral plans will ensure their wishes are honored. That can give men and women peace of mind and will provide peace of mind to the loved ones they leave behind, who can attend funeral services knowing those services are being conducted in adherence to their loved one’s wishes. Even men and women who discuss their wishes for their funerals with loved ones may not have those wishes honored if they are not put in writing. • Preplanning can help control costs. Preplanning often includes men and women setting aside money for their funerals before they pass away. Knowing that a funeral, which can be expensive, is already paid for can provide additional peace of mind. Instead of worrying that their relatives will be forced to handle the burden of financing their funerals, men and women who preplan can rest easy knowing their insurance money and life’s savings will be going to their surviving loved ones and not toward paying for funeral expenses. • Preplanning protects families faced with sudden death. Few people want to think about their deaths, and fewer still
want to think about dying suddenly and/or dying young. Preplanning a funeral and setting money aside early can protect and help families faced with sudden deaths. That can be especially important for young parents, who won’t want to leave their spouses and children
financially destitute should they suddenly pass away. Preplanning a funeral may not be something to look forward to, but doing so can protect families and provide men and women with some peace of mind.
Pre-Planning Your Funeral Arrangements
William L. Stonacek
SERVICES INCLUDE: • Pre-planning • Funeral Services • Cremation Services • Full Line Of Monument Sales • Chapel Seating For Over 250 People • Reception Hall Accommodates Over 200 People • Lunch Room Available • Lots Of Parking • 12-ft. drop-down screen • Memorial tributes created by funeral home
Brock M. Stonacek
Funerals within the means of all families.
Norfolk (402) 371-7676
Pierce (402) 329-4270
Osmond (402) 748-3998
129914
Todd W. Stonacek
Dan J. Crawford
Josh P. Gossman
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NORFOLK DAILY NEWS, TUESDAY, JANUARY 17, 2017
Cognitive decline provides another reason to quit smoking Smokers have scores of reasons to give up the habit. In addition to contributing to cardiovascular disease, lung cancer and other lung ailments, cancers elsewhere in the body, wrinkled skin, and diseases of the eyes, nose and mouth, smoking may also contribute to cognitive decline. There’s growing evidence suggesting that using cigarettes can affect the brain in negative ways, including causing cognitive decline as early as age 45. According to the study “Impact of Smoking on Cognitive Decline in Early Old Age,” led by Severine Sabia, as published in the journal Archives of General Psychiatry, smoking is a possible risk factor for dementia, although the impact smoking has on the brain may have been underestimated in elderly populations because of the general shorter life span of smokers. Study participants were given a battery of tests in memory, vocabulary and executive function that included reasoning and fluency, and a global cognitive score. Both men and women participated (5,099 men and 2,137 women, with a mean age of 56), and smoking history was recorded over the 10-year assessment period. An analysis revealed that a cognitive decline occurred in all tests except vocabulary among all participants, but mostly in men. However, faster cognitive decline was observed among current smokers compared with those who had never smoked.
The size of the effect associated with smoking was similar to that of 10 years of aging. Findings are similar to other research being done on the topic of smoking and its impact on the brain. The Alzheimer’s Society states that smoking is bad for the heart, lungs, and vascular system — including the blood vessels that feed oxygen and nutrients to the brain. Recent research has shown that smoking is a significant risk factor for vascular dementia and Alzheimer’s disease, with smokers twice as likely to develop the disease as nonsmokers. The Mayo Clinic defines vascular dementia as problems with reasoning, planning, judgement, memory and other thought processes caused by brain damage from impaired blood flow to the brain. Factors that increase the risk for vascular dementia are high cholesterol and smoking. Dementia can be brought on by stroke, whether it’s a large stroke or a series of mini-strokes. WebMD says vascular dementia can occur over time as “silent” strokes build up — something that seems to occur more readily in smokers and those with cardiovascular disease. Symptoms of cognitive decline that may result from smoking and vascular dementia can include: • problems with short-term memory
• wandering or getting lost • trouble managing money • difficulty planning or following through on activities • loss of bladder or bowel control • delusions or hallucinations • inappropriate emotions • impaired coordination or balance More research is needed with regard to
the association between smoking and cognitive decline related to dementia. If research continues to prove a correlation, greater warning may be issued about smoking and its effect on parts of the body beyond the heart and lungs. Even at this early junction, current research suggests yet another reason to quit lighting up.
Anemia and aging
Jeff Klein, O.D.
Specialty: Comprehensive Eye Exams Post-Operative Care Urgent Care Glaucoma & Diabetic Mgmt. Contact Lenses Pediatrics
Ann Feidler-Klein, O.D. Specialty: Comprehensive Eye Exams Post-Operative Care Pediatrics Glaucoma & Diabetic Mgmt. Contact Lenses
Herbert Feidler, M.D. Specialty: Macular Degeneration Treatment Diabetic & Glaucoma Eye Care Laser Treatment Growth Removals Cataract Specialist
William Miles, M.D. Specialty: Cataract Surgery Eyelid Surgery Botox Injections Tear Duct Probing
“Dedicated to Preserving the Gift of Sight.” 2800 W. Norfolk Ave. • Norfolk, NE • www.FeidlerEyeClinic.com
402-371-8535 / 800-582-0889
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Aging is accompanied by a number of physical changes. Some of these changes, such as vision impairment or loss of hearing, are anticipated, while others may arrive unexpectedly. One condition many adults unexpectedly encounter is anemia. While anemia is common in older adults and its prevalence increases with age, it is not a condition that is widely considered part of the aging process. Anemia is often a symptom of a hidden problem that needs to be addressed promptly. Anemia is one of the most common blood disorders, affecting more than three million Americans, says the National Heart, Lung, and Blood Institute. The American Society of Hematology notes that anemia is characterized by insufficient levels of red blood cells in the blood. Anemia also occurs when red blood cells, which are responsible for carrying oxygen to the various organs and tissues throughout the body, are not functioning properly. Very often the signs of anemia are overlooked or go unnoticed until a blood test determines low hemoglobin (Hb) or hematocrit (HCT) concentrations. Some people discover they have anemia as they attempt to donate blood, at which time their red blood cell count is found to be inadequate. When the body lacks oxygen, any number of the following symptoms may be experienced: • weakness
• dizziness • extreme fatigue • shortness of breath • fast or irregular heartbeat • pale or yellow skin • cold hands or feet Frequently, existing disorders or conditions, such as congestive heart failure, are made worse by anemia. But unless doctors specifically consider anemia as a possible cause of symptoms, its presence can go undiagnosed. The American Academy of Family Physicians says the most common causes of anemia among older men and women include chronic diseases and iron deficiency. Vitamin B12 deficiency, folate deficiency, gastrointestinal bleeding, and myelodysplastic syndrome are other causes of anemia. The main way to treat anemia is to discover its source and reverse the outcomes. For instance, a gastrointestinal bleed may need to be repaired. If iron deficiency is the source of the anemia, iron supplements may be prescribed. Many methods to correct anemia involve trial and error and experimentation, especially when the source of the anemia is unknown. Anemia is a condition that can affect aging adults but does not need to be accepted as a natural consequence of aging. Correct diagnosis and treatment can relieve symptoms.
NORFOLK DAILY NEWS, TUESDAY, JANUARY 17, 2017
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Home remedies for joint pain can provide relief Stiff, painful joints affect a vast number of people. According to the American College of Rheumatology, arthritis and other rheumatic diseases afflict roughly 23 percent of Americans, while Canadian Health Surveys indicate that nearly 17 percent of the Canadian adult population have arthritis. The number of people living with arthritis is expected to increase as the Baby Boomer generation continues to age. Treatments for joint pain and stiffness range from medication to physical therapy. Finding the right regimen may take some effort, including some trial and error. For those looking for treatments they can try at home, consider these homespun remedies. (Note: Check with a physician to confirm the safety of alternative treatments
before adding herbs to or modifying your existing medications.) • Exercise more. Regular movement helps to maintain flexibility in the body’s joints. Those with joint pain may shy away from exercise, but they could be doing themselves a disservice. Low-impact exercises, like swimming and water aerobics, can work out muscles and joints without adding extra stress. Walking can replace jogging or running, and yoga and pilates may be just the thing for deep stretching. • Lose weight. Joint pain is often tied to obesity. Losing just a few pounds can ease up strain on certain joints, such as the hips, feet and knees. Shedding weight can improve mobility and decrease pain and potential future damage to joints. Exercise goes hand-in-hand with healthy eating to
How to avoid caregiver burnout in denial about how much care this person really needs. Talking about your feelings with a professional can put them into perspective. • Focus on things you can control. You may not be able to cure the illness or disability, but there are things in your control. Rather than dwelling on things beyond your control, try to improve the things you can control. • Try to have fun. It’s easy to make caregiving the only part of your life. However, you have to leave room for letting off steam. Don’t feel guilty about going out with friends or a spouse. Make time for yourself. Caregiver stress is a very real thing that negatively affects the health and well-being of caregivers. Some simple coping methods can relieve some of that stress.
supplement form. Magnesium oil can be applied topically to sore joint areas. Joint pain can impact daily life and make activities less enjoyable. Fortunately, there are plenty of ways that do not require harsh medications to loosen joints and combat pain.
SPRACKLEN PHYSICAL THERAPY
We are very pleased with the caring services we received at Spracklen Physical Therapy. Christine and her staff are knowledgeable, courteous and attentive to details. Our time spent there was and is very beneficial. John & Mardelle Goeller
Spracklen Physical Therapy
1401 W. Michigan Ave. Norfolk, NE • (402) 371-8701
130028
• Medicare & Medicaid Certified • Restaurant Style Dining • In-House Church Services • Physical, Occupational and Speech Therapy for both In-Patient and Out-Patient • Restorative Therapy • Licensed Nurse Available - 24 Hours/day • Assistance with Bathing, Dressing, Personal Cares, Grooming & Meals
• More Private Rooms 8 Studio Units 4- One Bedroom Units • New Patio
901 South 4th Street • Battle Creek, NE 68715 • (402) 675-7845 • (402) 675-2955
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Caring for an aging or sick relative is not always so easy. In addition to the physical demands of caring for such loved ones, tending to sick people can take a mental toll, potentially contributing to a condition referred to as caregiver stress. Women are more likely than men to serve as caregivers to elderly or disabled adults. That increases their risk for caregiver stress, says the Office on Women’s Health, a division of the U.S. Department of Health and Human Services. The Mayo Clinic notes that caring for a loved one can strain even the most resilient person. It can be quite difficult to be a person’s sole caregiver and witness a loved one’s health deteriorate due to a debilitating illness. As the population ages, nearly 80 percent of the long-term care that takes place in the United States is overseen by people who are not healthcare professionals, including daughters, granddaughters sisters, and aunts. Caregiver stress can manifest itself in many different ways, including physical and emotional problems. The following are some ways to handle the stress of caring for a sick and/or elderly relative. • Investigate available resources. Explore all of the opportunities in your area that may relieve some of the burden of caring for your loved one. These may include inhome visiting care services, meal delivery, adult activity programs, and more. • Ask for help. Find out if responsibilities can be split among other family members, giving each person a chance to rest and recuperate. • Get physical. Physical activity in any form can help reduce stress and improve feelings of well-being, offers the Alzheimer’s Association. Go for a walk, take an exercise class or ride a bicycle. Expect to feel more relaxed and less stressed after physical activity. • Speak with a therapist. Discuss your feelings with someone not directly related to your family or circle of friends. Caregivers may have feelings of anger, depression and anxiety, and may even be
lose weight. • Consider hot and cold therapies. Using a heating pad, hot shower or bath or an ice pack can work wonders on arthritisrelated pains. Hot treatments will loosen up stiff joints, while cold therapy is best for acute pain relief. Do not apply hot and cold packs to the skin directly, as this can injure the skin. Wrap them in a towel first before application. • Include anti-inflammatory foods and beverages in your diet. Explore the many different natural foods and herbs that are purported to reduce inflammation in the body. Ginger, turmeric, flaxseed, grape juice, and bromelain can alleviate inflammation and stiffness. Foods such as fatty fish and nuts high in omega-3 fatty acids also will help fight inflammation. Blueberries, garlic, celery, and kelp should be included in diets as well. • Go for a massage. The Arthritis Foundation says regular massages can help reduce pain and stiffness and improve range of motion. The massage therapist should have experience working on people with arthritis. In addition, massages should be performed by licensed physical therapists and guided by a doctor’s recommendation. • Increase magnesium intake. Magnesium can alleviate pain and reduce inflammation. It is best ingested through dark, leafy greens but also can be taken in
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NORFOLK DAILY NEWS, TUESDAY, JANUARY 17, 2017
Keeping you and your home safe and secure Have you done everything you can to make sure you and your home are safe and sound? Use the following checklist to see if there’s more you can do.
1. Don’t leave your home looking unoccupied. Don’t announce trips away from home on social media. Arrange to have newspaper deliveries stopped while you’re away, and have someone pick up the mail and mow the lawn (or shovel the snow). 2. Prevent falls. Make sure all your rooms and stairways are well lit and that things aren’t left lying around on the floor. Remove area rugs and use assistive devices (a cane and grab bars in the bathroom). 3. Be prudent when driving. Lock car doors even when you’re in the car. Park in well-lit parking lots, and take out your keys in advance so you can get into the house or car quickly. Avoid driving for long periods of time or when visibility is poor. 4. Think “fire safety.” Install a smoke detector on each floor and near all the bedrooms. Don’t leave a hot stove unattended. Don’t smoke in bed, and avoid using candles. 5. Manage your medications appropriately. Clean out your medicine cabinet regularly. Never take more than the prescribed dose of a medication, and don’t take any over-the-counter drugs or natural products before talking to your
doctor or pharmacist. When having a prescription filled, ask about possible side effects. Use a pill organizer to stay on track with doses. 6. Prevent fraud. Check that the person calling you on the phone is who they claim to be before sending them money. Don’t sign a contract without having it checked by a lawyer. Never lend your credit card or give out personal information (address, date of birth, SIN, credit card number, etc.) over the Internet or phone, unless it was you who initiated the call to a confirmed number at your financial institution. 7. Protect your property and your assets. Sign a proxy giving a person you trust the power to make decisions on your behalf regarding your assets and your healthcare when necessary. Have a will drawn up, and don’t keep large sums of cash in your home. 8. Secure your home. Have an alarm system and good locks installed, and always lock your doors. Install a peephole so you can see your visitors without being seen before opening the door. 9. Be prepared for emergencies such as a fall or an illness. Keep a list of emergency numbers in a conspicuous place. Make a list of people to contact in case you need help, especially people who are close by or are readily available. Find out about emergency response systems such as wearable alert buttons. 10. Use all necessary assistive devices.
CRAM INSURANCE AGENCY A Division of UNICO Group, Inc.
Brian Cram
129916
1317 W. Pasewalk Ave., Ste. 200 Norfolk, NE 68701 402-371-3180 bcram@unicogroup.com
Auto • Home • Business • Life
Different ways to finance senior living Upon retiring, many seniors downsize to all-inclusive independent living communities. These communities provide all various amenities without asking seniors to negotiate the obstacles of traditional home ownership. Although senior living apartments or condominiums often may great living arrangements, all-inclusive properties tend to cost more money than standard apartments. Interested parties may experience a bit of sticker shock initially before looking for ways to finance their new living arrangements. • Long-term care insurance: Individuals who plan ahead can invest in long-term care insurance. This insurance may be able to cover the costs of some housing facilities, or help finance outside private caregiver
assistance. • Life insurance policies: Some insurance policies can be cashed in for a percentage of their face value. This money can then be used to offset the costs of senior housing. • Home sale profit: Many seniors sell their homes and pay for new living situations with the return on those sales. Bridge loans can help as seniors wait for their homes to be sold. • Line of credit: A loan system called an “Elderlife Line of Credit,” enables multiple family members or friends to share the cost of paying for eldercare. • New location: Finding a community in locations with more manageable cost of living expenses may be the best way to maintain your standard of living without breaking the bank.
DIGNITY IN LIFE I QUALITY CARE I BEAUTIFUL CAMPUS
Preparing for retirement as a couple
When you, or someone you know, is in need of long term care, or short term rehab, don’t just go anywhere, choose Heritage of Bel-Air.
www.HeritageBelAir.com
• Spacious Rooms • High Team Member to Resident Ratio • Individualized and Unique Activities 1203 N. 13th St. • Norfolk • (402) 371-4991 • Memory Support Care A proud member of Vetter Health Services
Look into getting a walker, a large-keypad phone, a doorbell indicator light, and a cell phone that you can keep with you at all times. Use a calendar and checklists to help you remember important things and appointments. Lastly, let family members know where you are going whenever you travel, and leave a key to your home with someone you trust. This person’s help could turn out to be invaluable one day.
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Retirement is an important milestone in life that involves a lot of changes. During this time, people rediscover not only themselves but their spouses as well, which can cause tension within a couple. Some careful preparation can help both parties enjoy a happy retirement together. To prevent any problems in your relationship during the early years of your retirement, you should discuss your expectations with your spouse before you retire. Knowing what each other’s hopes are will allow you to make plans together and experience a better transition when the time comes. Since you’ll be spending so much time together, it is important to have some common interests. Now is the time to start
looking for activities you can do together and hobbies that you both like. Similarly, you could plan projects, large or small, for your retirement. While it’s essential to spend time with your partner, it’s just as necessary to have activities of your own, to keep time for yourself. Plan on having somewhere you can go to be alone occasionally, such as a study or workshop. Planning for retirement is not just a matter of finances. You also have to get ready to experience a significant change of pace. And since you’re not used to being with your spouse all day, you’ll need an adjustment period. A bit of good planning is the best way to avoid conflict and start off on the right foot.
NORFOLK DAILY NEWS, TUESDAY, JANUARY 17, 2017
Power of attorney protects loved ones Life is full of the unexpected. But just because the future is unpredictable does not mean adults cannot prepare for what lies ahead. Estate planning is important, and establishing power of attorney can be essential for men and women looking to protect their financial resources and other assets. What is power of attorney? A power of attorney, or POA, is a document that enables an individual to appoint a person or organization to manage his or her affairs should this individual become unable to do so. According to the National Caregivers Library, POA is granted to an “attorney-in-fact” or “agent” to give a person the legal authority to make decisions for an incapacitated “principal.” The laws for creating a power of attorney vary depending on where a person lives. Why is power of attorney needed? Many people believe their families will be able to step in if an event occurs that leaves them incapacitated and unable to make decisions for themselves. Unfortunately, this is not always true. If a person is not named as an agent or granted legal access to financial, medical and other pertinent information, family members’ hands may be tied. In addition, the government may appoint someone to make certain decisions for an individual if no POA is named. Just about everyone can benefit from establishing an attorney-in-fact. Doing so does not mean men and women cannot live independently, but it will remove the legal barriers involved should a person no longer
be physically or mentally capable of managing certain tasks. Power of attorney varies Power of attorney is a broad term that covers various aspects of decision-making. According to the legal resource ‘Lectric Law Library, the main types of POA include general power of attorney, health care power of attorney, durable power of attorney, and special power of attorney. Many of the responsibilities overlap, but there are some subtle legal differences. Durable power of attorney, for example, relates to all the appointments involved in general, special and health care powers of attorney being made “durable.” This means the document will remain in effect or take effect if a person becomes mentally incompetent. Certain powers of attorney may fall within a certain time period. What is covered? An agent appointed through POA may be able to handle the following, or more, depending on the verbiage of the document: • banking transactions • filing tax returns • buying/selling property • settling claims • managing government-supplied benefits • maintaining business interests • making estate-planning decisions • deciding on medical treatments • selling personal property • fulfilling advanced health care directives Although a power of attorney document can be filled out and an agent appointed on one’s own, working with an estate planning attorney to better understand the complexity of this vital document is advised.
901 N. 13th Street Norfolk, NE (402) 371-2960
301 North Main Verdigre, NE (402) 668-2281
253-5 Apple Street Niobrara, NE (402) 857-3596
220 East Main Bloomfield, NE (402) 373-2345
102 S. Washington St. Wausa, NE (402) 586-2778
100 N. 34th St. Suite E, Norfolk • 402-371-2278
W. Bert Lammli, Cory R. Locke & Shawn D. Beaudette • Estate Planning • Asset Protection • Business Formation • Personal Injury
• Wills, Trusts & Probate • Real Estate Sales • Elder Law • Family Law
303 East 2nd St. Tilden, NE (402) 368-5300
204 South Thayer St. Spencer, NE (402) 589-0070
824 Main Street, P.O. Box 35 Creighton, NE (402) 358-3236 130344
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NORFOLK DAILY NEWS, TUESDAY, JANUARY 17, 2017
Traditional IRAs vs. Roth IRAs Adequate retirement planning can set men and women up to enjoy their golden years however they see fit. Getting to retirement with enough money takes discipline and commitment and may require some sacrifices along the way. “Retirement planning” is an umbrella term that covers various types of financial products and investments. One of the products prospective investors are likely to hear about when mulling their retirement investment options is an Individual Retirement Account, or IRA. An IRA is a personal retirement savings plan that can provide tax benefits to those who qualify. When speaking with a financial planner or exploring options on their own, prospective investors will hear about Traditional IRAs and Roth IRAs and wonder what distinguishes one from the other. The following breakdown can help investors understand those differences with the hopes of finding the best option for them.
Contributions Contributions to Traditional IRAs are pre-tax, and they may be tax deductible depending on the account holder’s income and other factors. Contributions to Roth IRAs are made
with post-tax income and are not eligible for tax deductions.
Taxes on distributions While men and women about to open an IRA likely won’t have to worry about distributions for quite some time, it’s important that prospective account holders know that Traditional IRA account holders will pay federal taxes on their account’s investment earnings and on pre-tax contributions when money is withdrawn. Roth IRA account holders will not pay federal taxes on withdrawals, including their investment earnings, if they meet certain eligibility require-
HELPING YOU LIVE BETTER
Income requirements In order to open an IRA, whether it’s a Traditional or Roth IRA, prospective account holders must have earned income, such as wages, salaries or income from selfemployment. Men and women who do not work can still open an IRA, but only if their spouse is employed and the couple jointly files
Your goals, Our knowledge, A Strong Relationship
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their tax return. There also may be income limits depending on which type of IRA an investor chooses. There are no income limits attached to Traditional IRAs, but account holders’ ability to deduct contributions from their income may be limited if their spouse is eligible to participate in an employer-sponsored retirement plan. There are income limits associated with Roth IRAs. Account holders’ adjusted growth income must be below certain limits depending on their tax filing status (i.e., filing single or filing jointly with a spouse).
Distributions and age The Internal Revenue Service notes that Traditional IRA account holders must begin taking distributions by April 1 following the year in which they turned 701⁄2 years of age and by December 31 in future years. No minimum distributions are required for Roth IRA account holders. Understanding the various types of IRAs can be difficult. Prospective investors who need help navigating their retirement planning should not hesitate to contact financial planning professionals.
Combined 45+ Years Experience
• Estate Planning • Life Insurance • Retirement Planning • IRA’s • 401k’s Steve Kimes, CFP® Jim Herbolsheimer, CLU®, ChFC® Ryan Kimes, Financial Services Professional
*Steve Kimes, Jim Herbolsheimer and Ryan Kimes are Registered Representatives offering securities through NYLIFE Securities LLC, Member FINRA/SIPC, a Licensed Insurance Agency G.O. Address: One Valmont Plaza, Suite 100, Omaha, NE 68154 • G.O. Phone: 402-496-6400
norfolkymca.org
**Steve Kimes is a Financial Adviser offering investment advisory services through Eagle Strategies LLC, a Registered Investment Adviser. Kimes Financial Services, LLC is independently owned and operated seperately from NYLIFE Securities LLC and its affiliates
130089
www.KimesFinancialServices.com
130519
Call for more information. Norfolk Family YMCA—402-371-9770
ments. Prospective investors should know that there are tax penalties for account holders who withdraw money from their Traditional or Roth IRAs before they reach age 591⁄2. Exceptions to that rule should be discussed with a tax or accounting professional.
NORFOLK DAILY NEWS, TUESDAY, JANUARY 17, 2017
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Great part-time jobs for retirees Upon retiring, many newly minted retirees find themselves looking for ways to fill their free time. Hobbies may not take up too much time, and travel can stretch retirees’ budgets. One way that retirees can make great use of their free time and make a little extra money is to find part-time employment. Part-time jobs can help retirees maintain their connections with their communities, whether it’s their professional community or the community in which they live, while also providing a sense of purpose. Retirees interesting in finding part-time work may want to consider the following jobs. • Consulting work: Many retirees have
long résumés, and that experience is still valuable even after retirement. Consulting firms often hire experienced businesspeople on a project or contract basis, which can be great opportunities for retirees to fill their time and make sizable amounts of money without having to commit to long-term employment. • Teaching: Retirees can also put their professional experience to work in the classroom. Inquire about teaching opportunities at a nearby university or even the local high school. Such opportunities may only be available on a volunteer basis, but some might pay part-time salaries or small pensions. Either way, many retirees find that working with young people
helps them stay young, and passing on lessons learned to younger generations can provide a strong sense of purpose. • Seasonal work: Seasonal work is another great way for retirees to fill their time and make a little extra money along the way. Come the holiday season, retirees should have no trouble finding seasonal retail work at their local malls or shopping centers. In warmer months, retirees may find seasonal employment at area beaches, golf courses or parks. • Sports teams: Retirees who live in cities with professional sports teams may be able to find work with their favorite franchise. Professional sports franchises often rely on retirees to staff in-game positions
like ushers and concessions employees, and some may even hire retirees to greet fans. While the pay might not be great, such positions are ideal for retirees who happen to be big sports fans. • Crafts: Retirees with a love of crafting can turn their hobby into income. For example, Etsy.com makes it easy for creative entrepreneurs to post their creations and sell them to buyers all over the globe. Sellers often dictate how quickly they can make and ship products, so retirees need not feel worried about being rushed. Many retirees still work even after calling it a career, and opportunities abound for men and women looking to fill their time and make a little extra money along the way.
Senior dating trends and tips The first Baby Boomers will be turning 70 in 2016, and this generation remains one of the most influential in the country and around the world. Scores of products and services are now marketed to seniors, many of whom remain as active and socially aware as they were in their youth. One aspect of senior marketing that is booming is dating and relationship products. Singles age 50 and older are increasingly relying on online dating sites and other methods to find love and companionship. Dating is no longer kids’ play, and those who have been away from dating for some time may have to get reac-
quainted with the process in the modern age. Consider online dating Data from Pew Research found one in two divorced or widowed seniors had remarried in 2013, and that trend figures to continue. Many seniors are using online dating sites to find their new matches. While websites geared to dating make it easier to get in touch with fellow singles, the relative anonymity of the process can make it challenging to separate the truth from some self-promoting hype on dating profiles. Begin by relying on dating sites that have been tested and recommended. One to try is the AARP dating site partnered with How About We. In addition to its simplicity and small financial commitment, the site caters to the over-50 crowd and is backed by the AARP name. It’s good for those looking for an activity partner as well as casual dating. Popular sites Match.com and eHarmony.com also boast high percentages of users age 50 and up. Even after thorough consideration and conversation, online daters should exercise caution when meeting someone online and then in person. Profiles aren’t always what they seem, and it’s easier to falsify the facts when initiating contact
over the Internet. Keep an open mind It’s easy to be preoccupied with the rigors of being an older adult and the responsibilities that still may rest on your shoulders. Part of the fun of dating when you were young likely had to do with throwing caution to the wind. But some of those same carefree aspects remain true whether you’re dating at 17 or at 57. Laughter, fun, spontaneity, and the chance for some adventure are still the keys to making memorable dates.
Sometimes it’s who you know The old adage of it’s “who you know” and not “what you know” is applicable to dating. If you are ready to jump into the dating world again, ask your close friends or family members if they know anyone who might be in a similar situation. Taking another stab at dating later in life can be both exciting and nerve-wracking, but no matter how long it’s been since your last first date, some aspects of dating are the same as ever. Just remember to have fun and don’t be afraid to try new things.
Ready to Enjoy a New Way of Life? Time to downsize? Let me help make the transition easier.
Over 20 Years’ Experience Jane Steskal
jane.steskal@era.com (402) 649-6942
PREMIER TEAM Sunset Plaza, Norfolk Call (402) 371-3700
REALTOR
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NORFOLK DAILY NEWS, TUESDAY, JANUARY 17, 2017
The basics on long-term care insurance Various insurance plans protect individuals from financial calamity. Insurance works by requiring policy holders to pay a premium. In the event of an accident or incident, a claim can be filed and the insurance company will reimburse the person for expenses, minus the deductible. Health insurance is one type of insurance that people have to manage their health and well-being. There’s also another, perhaps lesser-known insurance that can prove invaluable. It is called long-term care insurance. Long-term care insurance, or LTCI, is an insurance product that is found primarily in the United States, Canada and the United Kingdom. LTCI generally covers assisted living needs, home care, hospice care, adult daycare, and other requirements of senior living and/or health management. People who invest in LTCI are planning ahead for the times when they may no longer be able to care for themselves without assistance. LTCI will help offset the ever-rising costs associated with specialized senior housing and nursing facilities. Traditional healthcare insurance and government-sponsored plans (i.e., Medicare in the United States) will not pay for daily, extended care services. The AARP notes that these other plans may
only cover a short stay in a sub-acute rehabilitation center or nursing home, or pay for a limited amount of at-home care. LTCI can help families finance the cost of medical care when all other options will not. LTCI should be looked into early in life, as policies often cost less if purchased when one is younger and in good health. People in poor health or already receiving long-term care services may not qualify for LTCI outright. But there are some workarounds, including buying a limited amount of coverage or coverage at a higher “nonstandard” rate. Some policies do not require medical underwriting, and these may be advantageous to people with preexisting health conditions. When shopping for policies, look into how long LTCI will pay. Some policies include limits on how long or how much providers will pay for care, with some plans maxing out at two to five years. Other policies may not implement a term limit. Speak with a tax specialist as well, as premiums paid on a long-term care insurance products may be tax deductible. Long-term care insurance is a way for individuals to finance the often expensive costs for medical services that may be required as one ages.
There is no need to travel out of town for advanced eye care. Willcockson Eye Associates, P.C. provides state of the art medical, surgical and routine eye care in Norfolk, Yankton and Tyndall, S.D. Our surgeon, Dr. Karen Dickes, uses the latest surgical equipment and technology, offering a safe, quick treatment to restore vision. Dr. Brady Betten has joined Dr. Kouri to provide excellent medical and routine care.
Willcockson Eye Associates, P.C.
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