Hays Free Press • February 15, 2017
Page 4D
Kyle Stallions
Continued from pg. 1D another avenue of things to do.” Tenorio said she obtained the help of Yoli Romo, who will handle public relations and marketing aspect of the team. In addition, she is in negotiations with a new general manager of the team, who will oversee team operations. While Tenorio said she couldn’t announce who the new GM hire would be, she said the GM will bring “good quality players” to the team. The ability to partner with the community is also what Tenorio envisions. She said promotions could include giving free tickets to students who make the honor roll, or are involved in clubs. Traveling to road games also provides a chance to brand Kyle to other audiences. Tenorio said the team’s schedule has them travel across the state, with games as far away as Laredo. “If I could branch out and have people see Kyle more than a dot on the map and to stop in Kyle, I thought it could only help everyone,” Tenorio said. “You don’t have to go to Austin to find a professional team. It’ll be here in our own backyard.”
Celebrate free speech PHOTO BY MOSES LEOS III
Stallions guard Michaeal Knight tries to dribble into the lane against a Blaze player earlier in the season. A Kyle resident has obtained ownership of the team, which was founded in 2016.
“If I could branch out and have people see Kyle more than a dot on the map and to stop in Kyle, I thought it could only help everyone ... You don’t have to go to Austin to find a professional team. It’ll be here in our own backyard.” –Daphne Tenorio, Kyle Stallions owner
Tenorio hopes her role will help further the fanchsie and the city as well. “It speaks to me because it’s a business for Kyle, it supports
the city by giving us a new face,” she said. “We’re basketball ambassadors for Kyle. We’re representing our city and that’s important to me.”
Financial Focus Continued from pg. 1D
the debt you might want to reduce or eliminate when you receive some extra money. By doing so, you can free up money to save and invest for retirement or other goals. Compare making extra mortgage payments vs. investing. Many of us get some psychological benefits by making extra house payments. Yet, when you do have some extra money, putting it toward your house may not be the best move. For one thing, as mentioned above, your mortgage can be considered a “good” type of debt, so you may not need to rush to pay it off. And from an investment standpoint, your home is somewhat “illiquid” – it’s not always easy to get money out of it. If you put your extra money into traditional investments, such as stocks and bonds, you may increase your growth potential, and you may gain an income stream through interest payments and dividends. Consider tax advantages of investing.
Apart from your mortgage, your other debts likely won’t provide you with any tax benefits. But you can get tax advantages by putting money into certain types of investment vehicles, such as a traditional or Roth IRA. Apart from your mortgage, your other debts likely won’t provide you with any tax benefits. But you can get tax advantages by putting money into certain types of investment vehicles, such as a traditional or Roth IRA. When you invest in a traditional IRA, your contributions may be deductible, depending on your income, and your money grows on a tax-deferred basis. (Keep in mind that taxes will be due upon withdrawals, and any withdrawals you make before you reach 59½ may be subject to a 10% IRS penalty.) Roth IRA contributions are not deductible, but your earnings are distributed
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tax-free, provided you don’t take withdrawals until you reach 59½ and you’ve had your account at least five years. Clearly, you’ve got some things to ponder when choosing whether to use “extra” money to pay off debts or invest. Of course, it’s not always an “eitheror” situation; you may be able to tackle some debts and still invest for the future. In any case, use this money wisely – you weren’t necessarily counting on it, but you can make it count for you. This article was written by Edward Jones for use by your local Edward Jones Financial Advisor.
Retirement may be far off, but the April 18 deadline for IRA contributions isn’t.
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