BUSINESS
PAGE 30
JANUARY 5-11, 2017
Reflecting on a career and what matters in life DANIEL NESTLERODE
Dan Nestlerode was previously the director of research and portfolio management at Nestlerode & Loy Investment Advisors in State College. He is a columnist for StateCollege.com.
I closed out my 50-year investment career in April 2015 and have been directing my attention toward family and charitable efforts in the Pine Creek Valley. As time goes by, I am getting a better perspective on my career and what now matters in life, at least for me. Over the years, I have been successful increasing the wealth of many of my clients. As we get wealthier, we have more possibilities open to us to do the things that money facilitates. That said, what I’ve learned from observing the rich is that just having money is not enough. What matters is those things you are committed to (other than just being rich) that having money makes possible or easier. The really wealthy among us have the ability to create the money they desire in order to pursue the other commitments they have in life. I have learned that the distinction
of rich and poor is not a matter of enlightenment. In my opinion, the distinction is quite simply that some are competent and some are not when it comes to the domain of wealth and money. That is to say, there is no amount of money you can give to simply make people competent in this realm. Taxing or confiscating the assets of wealthy people serves only to make all of society poorer. My successful investment stories focus on what my clients created for their lives and the lives of their families. One in particular started an IRA with the help of the company with which I was working. Years passed and the biweekly deposits from payroll, along with profit sharing from the employer, allowed the employees to begin to amass some funds for retirement. I was approached by one employee requesting to withdraw most of his IRA money long before it was time to retire. “Why?” I asked. He said that he had set aside enough funds to put a down payment on a house for his family. Even after the penalty for early withdrawal, he was moving from being a renter to becoming a homeowner and creating a family estate that would be an asset for his heirs after he was gone. He kept making biweekly deposits to his IRA after he closed on his new house. He ended decades of being a renter because he got enough capital together to become
a long-term investor in real estate. That is how investing can really make a difference for those just getting into the business of investment. I was also a small part of the Bob Potter era at the Centre Foundation, when it was growing like a weed. I encouraged a number of my clients to make donations of appreciated securities to the foundation to get a nice tax deduction and simultaneously benefit the local community. A larger and more vital community foundation benefits many other local charitable organizations that support our community. That effort is ongoing and continues to make a positive difference in the State College area. We arrive in this world with two things that are gifts from our creator. The first is time. The second is the gift of being able to create your future for yourself. I believe I have made pretty good use of my time by carrying on the company created by my father that allowed me and others to make a contribution to our community. Always, but particularly at this time of year, it is appropriate to acknowledge and be thankful for what we have received in life and for what we have been able to contribute to the health and welfare of others. Best wishes to you and yours for a healthy and wealthy 2017.
DEED TRANSFERS The following property transactions were compiled from information provided by the Centre County recorder of deeds, Joseph Davidson. The Gazette is not responsible for typographical errors. The published information is believed to be accurate; however, the Gazette neither warrants nor accepts any liability or responsibility for inaccurate information.
RECORDED DEC. 12-16, 2016 BELLEFONTE BOROUGH
Margaret L. Bonson, Margaret L. Rougeux and Matthew D. Bonson to Robert D. Shannon and Tammy M. Shannon, 359 S. Allegheny St., Bellefonte, $164,900. Orris H. Morrison Jr. to Dorothy A. Irvin, 218 E. Lamb St., Bellefonte, $139,900. Paul L. McMurtrie to Dennis F. Devlin and Sharon K. Devlin, 421 Willowbank St., Bellefonte, $130,000. Larissa Alexandra Gryschuk and Larissa Alexandra Vale to Larissa Alexandra Vale, 230 W. Linn St., Bellefonte, $1. Geoffrey P. Rushton and Mya R. Rushton to Shawn P. Burish and Kari L. Burish, 316 S. Allegheny St., Bellefonte, $155,300. Laszlo P. Ivanits and Linda Jean Ivanits to Laszlo P. Ivanits and Linda Jean Ivanits, 111 W. Beaver St., Bellefonte, $1. Justin D. Fetterolf, Rebecca L. Fetterolf and Rebecca L. McClincy to Justin D. Fetterolf, 621 W. Lamb St., Bellefonte, $1.
CENTRE HALL
Joseph Nolf to John R. McWhirter, 213 N. Pennsylvania Ave., Centre Hall, $54,000.
COLLEGE TOWNSHIP
Gerald E. Rogers and Loretta M. Rogers to Pleasant Pointe II LP, Trout Road, State College, $390,096. John J. Windish IV and Sarah M. Windish to Alan W. Scaroni, Maryellen J. Scaroni and Amy E. Scaroni, 150 Mitch Ave., State College, $232,000. Sheri A. Trine to Nittany Lion 36 LLC, 472 Scenery Road, State College, $1,550,000. Fannie Mae and Federal National Mortgage Association to Jacob Varner and Brittany Varner, 230 Claremont Ave., State College, $295,000. Stanley I. Lindsay Sr. and Bernice C. Lindsay to Andrew W. Garban, 230 Claremont Ave., State College, $350,0000. John H. Mitchell Jr., Maria E. Mitchell and Haubert Mitchell Partners to Thomas Hunt and Carole Donald, 130 Matilda Ave., State College, $62,000. Lucas M. Mulfinger and Centrice L. Mulfinger to Lucas Mulfinger, 1924 E. College Ave., State College, $1. Stearns Boal LP to Paul J. Clifford and Jennerfer L. Clifford, 195 Mountain Laurel Drive, State College, $139,600.
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303 Benner Pike Holdings Limited to HFL Benner Pike Shopping Center LLC, 311 Benner Pike, State College, $8,850,000. Plus Point Partners to Paula M. Bigatel and Mark C. Bigatel, 139 Lenor Drive, State College, $219,000.
FERGUSON TOWNSHIP
Margaret N. Dean and George A. Dean to James C. Dean, Terry L. Dean, Mary A. Stem, Mary A. Dean and George A. Dean, 4105 Tadpole Road, Pennsylvania Furnace, $1. David A. Jordan and Martha H. Jordan to Martha H. Jordan, 2327 Autumnwood Road, State College, $1. Edward V. Welser and Patricia J. Welser to Dean W. Scott Income-Only Trust, Barbara Jo Kling, trustee, and Deann Christy, trustee, Harold Drive, Pennsylvania Furnace, $30,000. PGRE LP to 446 Blue Course Associates LLC, 446 Blue Course Drive, State College, $13,250,000. Timothy A. McGill and Cheryl D. McGill to Nicholas Scott Moore and Rebecca Ann Moore, 3074 Stonebridge Drive, State College, $345,000. Ida Mae McQuade to Ida Mae McQuade and Amanda M. McQuade, 347 W. Pine Grove Road, Pine Grove Mills, $1. Nien-Han Tan and Yaoshan Ivy Li to Sheila G. West, 125 Meadowhawk Lane, State College, $321,000. Brad M. Johnson and Amanda C. Johnson to Jeffrey R. Shallenberger and Patricia L. Shallenberger, 2277 Oak Leaf Drive, State College, $550,000.
GREGG TOWNSHIP
Ashley N. Hill and Joseph L. Hill Jr. to Christine A. McLellan, 4102 Penns Valley Road, Spring Mills, $136,000. Linda Marquardt and Linda C. Marquardt to Michelle A. Marquardt and Gregory A. Confer, Lower Georges Valley Road, Spring Mills, $1.
HARRIS TOWNSHIP
Brandall Investments LP to Rex Nicolas and Rhonda J. Nicolas, 134 Reuben Way, Boalsburg, $408,844.32. KBHH Partnership to Darla Bair, 204 Kestrel Lane, Boalsburg, $203,853. Michael W. Labarge and Anita C. Labarge to Sait Satici, Gizem H. Satic and Kenan Unlu, 194 Kestrel Lane, Boalsburg, $296,000.
HALFMOON TOWNSHIP
Charles A O’Neill and Mary C. O’Neill to Mary H. Denlinger, 137 Sky Harbor Drive, Port Matilda, $379,000.
HOWARD TOWNSHIP
Lance Gates and Stacy Gates to Troy Gates and Diane Gates, 478 Bullit Run Road, Howard, $1.
LIBERTY TOWNSHIP
Nellie E. Lucas and Nellie Lucas to Nellie E. Lucas, Brian O. Coakley and Valerie D. Coakley, 11205 N. Eagle Valley Road, Beach Creek, $1.
MILES TOWNSHIP
David D. Bierly and Darlene R. Bierly to Ivan K. Beiler and Miriam B. Beiler, 193 E. Main St., Rebersburg, $725,000.
PATTON TOWNSHIP
Lincoln Associates Joint Venture to David A. Miller and Jessica M. Miller, 298 Timberton Circle, Bellefonte, $110,000. Raymond P. Kormanik and Roxann M. Kormanik to Raymond P. Kormanik, 2929 Buffalo Run Road, Bellefonte, $1. Theodore John Hovick and Katherine Miller Hovick to Alexandra A. Divirgilio and William J. McCarthy, 138 Briar Court, Port Matilda, $94,000. Gilberto Soto and Maria Soto to Maria E. Hughes, 115 Alma Mater Drive, No. 103, State College, $186,000. Constance A. Jones to Jennifer A. McElhoe and Christopher R. Greene, 625 Crandall Drive, State College, $346,000.
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Asif Khatri and Shella A. Khatri to Mary Clare Maninang-Ocampo, 250 Bolton Ave., State College, $65,000.
PHILIPSBURG BOROUGH
131 Front LLC to Mesh Properties LLC, 131 N. Front St., Philipsburg, $1. Jane L. Granlun Estate, Bradley A. Granlun, personal representative, and Jane S. Granlun Estate to Benjamin Charle Knepp, 520 N. 11th St., Philipsburg, $62,000.
POTTER TOWNSHIP
Valley Business Associates LP, Salvatore L. Nicosia Jr. and Pauline R. Nicosia to Arthur T. Hagelgans and Tracy L. Hagelgans, Pepper Ridge Drive, Potter Township, $49,900. Saratoga Partners LP to Dakota W. Newman and Katelyn E. Nocket, 119 Cottontail Lane, Centre Hall, $148,900. Michael E. Miller and Lisa M. Miller to Glenn O. Hawbaker Inc., 143 Old Lewistown Pike, Spring Mills, $864,280.
RUSH TOWNSHIP
Ronald E. Pollock and Dolores E. Pollock to Ronald G. Pollock Jr., 180 Casanova Spur, Munson, $107,000.
SNOW SHOE TOWNSHIP
Frank W. Gomola and Terry A. Loring-Gomola to Eric L. Bisel and Janene M. Couteret, 1875 Clarence Road, Clarence, $30,000.
SPRING TOWNSHIP
Russell M. McCoy and Penny J. McCoy to Yuriy V. Bubnov, Tatyana M. Bubnov and Dmitriy Y. Bubnov, 140 Tealbriar Lane, Bellefonte, $182,000. U.S. Bank to Vladimir R. Maslov, 270 Upper Coleville Road, Bellefonte, $109,900. Ronald G. Woodring, Geraldine Woodring, Kristen M. Messner and Angela E. Mitstifer to Alan J. Rieck and Ruth J. Rieck, 201 Barrington Lane, Bellefonte, $275,000. Digna Denise Dager to Justin Betti and Stacie Betti, 121 Lingwood Court, Bellefonte, $1. Kevin J. Smith, Stephanie Smith and Stephanie L. Smith to Kevin J. Smith and Stephanie L. Smith, 171 Greens Valley Road, Spring Township, $1. Jessica L. Hanna to Matthew I. Heverly and Amy L. Heverly, 1231 E. College Ave., Bellefonte, $159,000. Michael P. Marshall Estate, Michael P. Marshall Sr. and Alice S. Marshall, executrix, to Alice S. Marshall, 139 E. College Ave., Pleasant Gap, $1.
STATE COLLEGE BOROUGH
Old Boalsburg Apartments, Fred Nicholas Marital Trust, Robert K. Kistler Irrevocable Trust, Bruce K. Heim Irrevocable Trust, Heidi Nicholas, co-trustee, Joyce Nicholas, co-trustee, Susan S. Heim, co-trustee, Benjamin L. Heim, co-trustee, John P. Kistler, co-trustee, Thomas Kistler, co-trustee, and Gunta E. Rutherford, partner, to Old Boalsburg Apartments, 927 Old Boalsburg Road, State College, $1. Diane W. Oyler Estate and Gregory K. Oyler, executor, to Sarah M. Windish and John J. Windish IV, 286 S. Osmond St., State College, $287,000. America O. Campbell by agent to Matteo G. Martemucci and Rebecca A. Martemucci, 622 S. Allen St., State College, $227,500. Temporary Housing Foundation Inc. to Ashikuzzaman Idrisy and Amanda Lundberg, 1101 Center Lane, State College, $150,000. Mastros 1 LLC to Jaesung Sim and Minhwa Youn, 915 Stratford Court, State College, $287,500. State College Community Land Trust and State College Community Land Trust to Elias Hessler and Monica Hessler, 155 W. Lytle Road, State College, $122,500. Aaron M. Rape to Xueyi Zhang, State College Borough, 954 N. Atherton St., State College, $172,000.
WALKER TOWNSHIP
Steven B. Kann and Dawn M. Kann to Joseph B. Roush and Natalie Rose Roush, 219 Walker Crossing, Bellefonte, $221,500. Zion Associates to Cathryn G. Watson and Matthew B. Watson, 710 Mountain Stone Road, Bellefonte, $219,570. S&A Homes Inc. to Michael G. Hamel and Rachel P. Hamel, 163 Franklin St., Bellefonte, $309,500. Robert O. Stauffer and Patricia K. Stauffer to Jason E. Town and Katelyn M. Dion, 1096 E. Springfield Drive, $291,000. — Compiled by Jayla Andrulonis