Private Club Focus - Central Michigan

CENTRAL MICHIGAN | VOL. 1

FEATURES 4

Investing For The Future

8

Luxury Living Ideas

23 Countdown to Retirement 27 Country Club Weddings

TOURNAMENT SCHEDULES

2

16

LPGA Tournaments

17

PGA Tournaments

20

Grand Slam Tennis Tournaments - Australian

21

Grand Slam Tennis Tournaments - French

22

Grand Slam Tennis Tournaments - Wimbledon

24

Grand Slam Tennis Tournaments - US Open

28

Recommended Service Directory

8

3

CENTRAL MICHIGAN | VOL. 1

INVESTING FOR THE FUTURE Not many people stumble into financial security through sheer luck: a lottery win, big inheritance, or huge stock winnings.

For most of us the only way to financial security is a long term plan of saving and investing.

Consistency is key to reaching long term goals no matter your income.

The sooner you start saving and investing, the longer your money has to compound and grow.

Set goals for how much of your income you will invest monthly and stick to it. Keep investment money and cash reserves separate so you won’t dip into your investment account when the market is down.

Keep expenses low and spend on what is really important to you whether it is experiences or material things.

Try to avoid the big mistakes, like buying a home that is more than you really need or creating a heavy debt load.

If your employer offers a matching 401(k) contribution, be sure to take advantage of that option and contribute at least enough to receive it. It is essentially extra income that will grow and compound and is not taxed until you withdraw it.

4

You can do it yourself but it probably makes more sense to work with a financial advisor who is more knowledgeable about financial markets. An advisor will help analyze short term vs long term needs, separate emotions from objectives as well as help with devising a portfolio and strategy suitable for your needs.

Investing consistently over the long term is the best way to grow your wealth as there is no way to time the market.

5

SCAN THE CO DE

READ THIS ISSUE ONLINE

www.PrivateClubFocus.com PR O MOTE YO UR BR A N D

6

EARN NEW CL I E N TS

GROW YOUR BUSINESS

CENTRAL MICHIGAN | VOL. 1

LUXURY

LIVING IDEAS OPEN FLOOR PLANS

A Luxurious home is not just well appointed, it is one where the amenities allow you to feel spoiled. Pools, saunas, in-home gyms, backyard tennis courts, game rooms, and wine cellars are a few things that come to mind.

An open floor plan is one of the most sought-after criteria when deciding on a new home purchase or a new renovation idea. An open and airy floor plan allows the homeowner to elaborate on their design aesthetic and showcase the home’s individual, luxurious features, like a grand entryway or a beautifully designed staircase.

OUTDOOR KITCHENS If opulence and luxury are key, then a standard, fully-stocked kitchen is simply no longer enough.

One may consider adding a cozy outdoor living area complete with outdoor kitchen, featuring built-in gas grills and refrigerated food and drink storage.

Some other top amenities include expansive outdoor pools with water features such as waterfalls, hot tubs, changing cabanas, and saunas.

(... continued on page 10) 8

9

CENTRAL MICHIGAN | VOL. 1

WINE CELLARS Exquisite wine storage is another amenity that most affluent homes contain.

Private wine cellars built using materials such as glass and wood and are often thought to be works of art themselves. When considering one of these beauties, many factors come into play. One will want to consider the placement, temperature, humidity control, and of course bottle size accommodations.

LOCATION IS EVERYTHING When it comes to luxury home ownership, nothing beats a great location. Everyone desires their own slice of blissful paradise. One of the most important aspects to consider are privacy features such as bushes, hedges, trees or walls. The right landscape design features provide a concealed oasis, where one can relax and wind down.

Picture yourself in a secluded ranch or gated beachfront enclave! (... continued on page 12) 10

11

CENTRAL MICHIGAN | VOL. 1

GAME ROOMS Game rooms or entertainment rooms are an old idea, but still on top of the list of luxury living ideas. Some would argue a luxury home is not complete without an inhome theatre or game room.

The boundaries continue to be expanded with extra amenities such as indoor basketball courts, lavish sports bar set-ups, exquisite billiard areas, additional televisions and beverage storage.

IN-HOME TECHNOLOGY

This newer trend has taken over the luxury market by storm, and these technological innovations have garnered the new term of “Smart Homes,� and along with it, smart devices. When it comes to technology, most luxury builders cater to this tech-trend and offer amenities to help with just about all facets of home management. Some things you can do at the touch of a button or smartphone are control indoor climate, window and door security, and lighting.

Additionally, an integrated smart home provides the owner with remote access cameras and security systems. (... continued on page 14) 12

This is how you say it’s going to be okay.

Every 8 minutes the American Red Cross responds to a disaster and makes this promise.

You can help us keep it.

Donate today at redcross.org

13

CENTRAL MICHIGAN | VOL. 1

DRESSING ROOMS A dressing room is simply an extension of the master bedroom. This feature is commonly a top priority for the wealthy, as it functions as a place to both store and display lavish items such as purses, shoes, hats, and jewelry. There is an increasing demand among the jet-set crowd for larger and more lavish closet designs. Typical setups include cedar shelving, storage chests, ample lighting, and mirrors for cosmetics or modeling outfits.

LUXURY LIVING IDEAS

14

15

2020 LPGA TOURNAMENT SCHEDULE DATES JAN 13 -19 JAN 20 - 26 FEB 3 - 9 FEB 10 - 16 FEB 17 - 23 FEB 24 - MAR 1 MAR 2 - 8 MAR 16 - 22 MAR 23 - 29 MAR 30 - APR 5 APR 13 - 18 APR 20 - 26 APR 27 - MAY 3 MAY 11 - 17 MAY 18 - 24 MAY 25 - 31 JUN 1 - 7 JUN 8 - 14 JUN 15 - 21 JUN 22 - 28 JUL 6 - 12 JUL 13 - 18 JUL 20 - 26 AUG 10 - 16 AUG 17 - 23 AUG 24-30 AUG 31 - SEP 6 SEP 7 - 13 SEP 28- OCT 4 OCT 12 - 18 OCT 19 - 25 OCT 26 - NOV 1 NOV 2 - 8 NOV 16 - 22

16

TOURNAMENT

Diamond Resorts Tournament of Champions presented by Insurance Office of America Gainbridge LPGA at Boca Rio Boca Rio Golf Club, Boca Raton, Florida Vic Open 13th Beach Golf Links, Victoria, Australia 3227 ISPS Handa Women’s Australian Open Royal Adelaide Golf Club, Adelaide, South Australia Honda LPGA Thailand Siam CC - Old Course, Chonburi, Thailand 20150 HSBC Women’s World Championship Sentosa GC-New Tanjong Course, Singapore 099892 Blue Bay LPGA Jian Lake Blue Bay Golf Club, People’s Republic of China Bank Of Hope Founders Cup Wildfire GC, Phoenix AZ 85054 Kia Classic Aviara GC, Carlsbad, CA 92009 ANA Inspiration Mission Hills CC, Rancho Mirage, CA 92270 LOTTE Championship Ko Olina GC, Oahu, HI 96707 Hugel-Air Premia LA Open Wilshire CC, Los Angeles, CA 90004 LPGA MEDIHEAL Championship Lake Merced GC, Daly City, CA 94015 Pelican Women’s Championship presented by DEX Imaging Pure Silk Championship Kingsmill Resort, Williamsburg, VA 23185 ShopRite LPGA Classic Presented by Acer presented by Acer U.S. Women’s Open Championship conducted by the USGA Meijer LPGA Classic For Simply Give Blythefield CC, Grand Rapids, MI 49305 Walmart NW Arkansas Championship Pinnacle CC, Rogers, AR 72758 KPMG Women’s PGA Championship Aronimink Golf Club, Pennsylvania Marathon Classic Highland Meadows GC, Sylvania, OH 43560 Dow Great Lakes Bay Invitational Midland CC, Midland, MI 48642 The Evian Championship Evian Resort GC, 74500 Evian-les-Bains, France Aberdeen Standard Investments Ladies Scottish Open The Renaissance Club, North Berwick, Scotland EH39 5HS AIG Women’s British Open Royal Troon Golf Club, Troon, Scotland UL International Crown Centurion Club, St. Albans, England CP Women’s Open Magna Golf Club, Ontario, Canada L4G 7C3 Cambia Portland Classic Columbia Edgewater CC, Portland, OR 97211 Volunteers of America Classic Old American GC, The Colony, TX 75056 Buick LPGA Shanghai

Shanghai Qizhong Garden GC, Minhang District, Shanghai, China

BMW Ladies Championship LPGA International Busan, South Korea Swinging Skirts LPGA Taiwan Championship TOTO Japan Classic Seta Golf Course-North, Shiga, Japan CME Group Tour Championship Ritz Carlton Golf Resort-Tiburon GC, Naples, FL 34109

* Schedule subject to change PURSE

DEFENDING CHAMPION

$1,200,000

(Eun-Hee Ji)

$2,000,000

(Inaugural Year)

$1,100,000

(Celine Boutier)

$1,300,000

(Nelly Korda)

$1,600,000

(Amy Yang)

$1,500,000

(Sung Hyun Park)

$2,100,000

(Gaby Lopez 2018)

$1,500,000

(Jin Young Ko)

$1,800,000

(Nasa Hataoka)

$3,100,000

(Jin Young Ko)

$2,000,000

(Brooke Henderson)

$1,500,000

(Minjee Lee)

$1,800,000

(Sei Young Kim)

$1,750,000

(Inaugural Year)

$1,300,000

(Bronte Law)

$1,750,000

(Lexi Thompson)

$5,500,000

(Jeonguen Lee6)

$2,300,000

(Brooke Henderson)

$2,000,000

(Sung Hyun Park)

$4,300,000

(Hannah Green)

$1,850,000

(Sei Young Kim)

$2,300,000

(Cydney Clanton) (Jasmine Suwannapura)

$4,100,000

(Jin Young Ko)

$1,500,000

(Mi Jung Hur)

$4,500,000*

(Hinako Shibuno)

$1,600,000

(Team Korea)

$2,350,000

(Jin Young Ko)

$1,300,000

(Hannah Green)

$1,400,000

(Cheyenne Knight)

$2,100,000

(Danielle Kang)

$2,000,000

(Inaugural Year)

$2,200,000

(Nelly Korda)

$1,500,000

(Nasa Hataoka)

$5,000,000

(Lexi Thompson)

2019-2020 PGA TOURNAMENT SCHEDULE DATES

TOURNAMENT

DEFENDING CHAMPION

AUG 1 - 4

Wyndham Championship Sedgefield CC, Greensboro, NC

Brandt Snedeker $1,080,000

AUG 8 - 11

THE NORTHERN TRUST Liberty National GC, Jersey City, NJ

Bryson DeChambeau $1,620,000

AUG 15 - 18

BMW Championship Medinah CC (No. 3), Medinah, IL

Keegan Bradley $1,620,000

AUG 22 - 25

TOUR Championship East Lake GC, Atlanta, GA

Xander Schauffele $1,575,000

SEP 12 - 15

A Military Tribute at The Greenbrier The Old White TPC, White Sulphur Springs, WV

Kevin Na $1,314,000

SEP 19 - 22

Sanderson Farms Championship CC of Jackson, Jackson, MS

Cameron Champ $792,000

SEP 26 - 29

Safeway Open Silverado Resort and Spa North, Napa, CA

Kevin Tway $1,152,000

OCT 3 - 6

Shriners Hospitals for Children Open TPC Summerlin, Las Vegas, NV

Bryson DeChambeau $1,260,000

OCT 10 - 13

Houston Open GC of Houston, Humble, TX

Ian Poulter $1,260,000

OCT 17 - 20

THE CJ CUP @ NINE BRIDGES Nine Bridges, Jeju Island, KOR

Brooks Koepka $1,710,000

OCT 24 - 27

The ZOZO CHAMPIONSHIP Accordia Golf Narashino CC, Chiba, JPN

OCT 31 - NOV 3

Bermuda Championship Port Royal GC, Southampton, BER

OCT 31 - NOV 3

World Golf Championships-HSBC Champions Sheshan International GC, Shanghai, CHN

Xander Schauffele $1,700,000

NOV 14 - 17

Mayakoba Golf Classic El Camaleon GC, Playa del Carmen, MEX

Matt Kuchar $1,296,000

NOV 21 - 24

The RSM Classic Sea Island Resort (Seaside), Sea Island, GA

Charles Howell III $1,152,000

DEC 4 - 7

Hero World Challenge Albany, New Providence, BAH

Jon Rahm $1,000,000

DEC 12 - 15

Presidents Cup Royal Melbourne GC, Melbourne, Victoria, AUS

United States

DEC 13 - 15

QBE Shootout Tiburón GC, Naples, FL

Brian Harman, Patton Kizzire

JAN 2 - 5

Sentry Tournament of Champions Plantation Course at Kapalua, Kapalua, Maui, HI

Xander Schauffele $1,300,000

JAN 9 - 12

Sony Open in Hawaii Waialae CC, Honolulu, HI

Matt Kuchar $1,152,000

JAN 16 - 19

Desert Classic Stadium Course, La Quinta, CA

Adam Long $1,062,000

JAN 23 - 26

Farmers Insurance Open Torrey Pines GC (South), San Diego, CA

Justin Rose $1,278,000

JAN 30 - FEB 2

Waste Management Phoenix Open TPC Scottsdale, Scottsdale, AZ

Rickie Fowler $1,278,000

FEB 6 - 9

AT&T Pebble Beach Pro-Am Pebble Beach GL, Pebble Beach, CA

Phil Mickelson $1,368,000

FEB 13 - 16

The Genesis Invitational Riviera CC, Pacific Palisades, CA

J.B. Holmes $1,332,000

FEB 20 - 23

Puerto Rico Open Coco Beach Golf & CC, Rio Grande, PUR

Martin Trainer $540,000 (... continued on page 18)

17

2020 PGA TOURNAMENT SCHEDULE

18

DATES

TOURNAMENT

DEFENDING CHAMPION

FEB 20 - 23

World Golf Championships-Mexico Championship Club de Golf Chapultepec, Mexico City, MEX

Dustin Johnson $1,745,000

FEB 27 - MAR 1

The Honda Classic PGA National (Champion), Palm Beach Gardens, FL

Keith Mitchell $1,224,000

MAR 5 - 8

Arnold Palmer Invitational presented by Mastercard Bay Hill Club & Lodge, Orlando, FL

Francesco Molinari $1,638,000

MAR 12 - 15

THE PLAYERS Championship TPC Sawgrass, Ponte Vedra Beach, FL

Rory McIlroy $2,250,000

MAR 19 - 22

Valspar Championship Innisbrook Resort (Copperhead), Palm Harbor, FL

Paul Casey $1,206,000

MAR 26 - 29

Corales Puntacana Resort & Club Championship Corales Golf Club, Punta Cana, DOM

Graeme McDowell $540,000

MAR 26 - 29

World Golf Championships-Dell Technologies Match Play Austin Country Club, Austin, TX

Kevin Kisner $1,745,000

APR 2 - 5

Valero Texas Open TPC San Antonio - AT&T Oaks, San Antonio, TX

Corey Conners $1,350,000

APR 9 - 12

Masters Tournament Augusta National GC, Augusta, GA

Tiger Woods $2,070,000

APR 16 - 19

RBC Heritage Harbour Town GL, Hilton Head, SC

C.T. Pan $1,242,000

APR 23 - 26

Zurich Classic of New Orleans TPC Louisiana, Avondale, LA

R. Palmer / J. Rahm $1,051,200

APR 30 - MAY 3

Wells Fargo Championship Quail Hollow Club, Charlotte, NC

Max Homa $1,422,000

MAY 7 - 10

AT&T Byron Nelson Trinity Forest Golf Club, Dallas, TX

Sung Kang $1,422,000

MAY 14 - 17

PGA Championship TPC Harding Park, San Francisco, CA

Brooks Koepka $1,980,000

MAY 21 - 24

Charles Schwab Challenge Colonial CC, Fort Worth, TX

Kevin Na $1,314,000

MAY 28 - 31

Rocket Mortgage Classic Detroit Golf Club, Detroit, MI

Nate Lashley $1,314,000

JUN 4 - 7

The Memorial Tournament presented by Nationwide Muirfield Village GC, Dublin, OH

Patrick Cantlay $1,638,000

JUN 11 - 14

RBC Canadian Open St. George’s G&CC, Toronto, ON, CAN

Rory McIlroy $1,368,000

JUN 18 - 21

U.S. Open Winged Foot GC, Mamaroneck, NY

Gary Woodland $2,250,000

JUN 25 - 28

Travelers Championship TPC River Highlands, Cromwell, CT

Chez Reavie $1,296,000

JUL 2 - 5

Barracuda Championship Montreux G&CC, Reno, NV

Collin Morikawa $630,000

JUL 2 - 5

World Golf Championships-FedEx St. Jude Invitational TPC Southwind, Memphis, TN

Brooks Koepka $1,745,000

JUL 9 - 12

John Deere Classic TPC Deere Run, Silvis, IL

Dylan Frittelli $1,080,000

JUL 16 - 19

Barbasol Championship Keene Trace Golf Club, Nicholasville, KY

Jim Herman $630,000

JUL 16 - 19

The Open Championship Royal St. George’s GC, Sandwich, Kent, ENG

Shane Lowry $1,935,000

JUL 23 - 26

3M Open TPC Twin Cities, Blaine, MN

Matthew Wolff $1,152,000

2020 GRAND SLAM TOURNAMENT SCHEDULE Date

Session

Rod Laver

Margaret Court

Wed 1/15

Outside Courts 10:00am

Featured Matches Qualifying

Thu 1/16

10:00am

Qualifying

Fri 1/17

10:00am

Qualifying

Sat 1/18

10:00am

Qualifying

Sun 1/19

no play

Mon 1/20 Tue 1/21

Day

11:00am

11:00am

11:00am

Night

7:00pm

–

–

Day

11:00am 7:00pm

11:00am

11:00am

–

–

11:00am

11:00am –

2nd singles round

11:00am

11:00am

2nd singles round

–

–

11:00am 7:00pm

11:00am 7:30pm

11:00am

11:00am 7:00pm

11:00am 7:30pm

11:00am

11:00am 7:00pm

11:00am

11:00am

–

–

11:00am

11:00am

–

–

no play

11:00am

Night Wed 1/22

Day

11:00am 7:00pm

Night Thu 1/23

Day

Day

11:00am 7:00pm

Night Sat 1/25

Day

Day Day

11:00am 7:30pm

Night Tue 1/28

Day

11:00am 7:00pm

Night Wed 1/29

Day Day

11:00am 7:30pm

no play

Twilight

11:00am 7:30pm

no play

Twilight

3:00pm

no play

Twilight

11:00am

1:00pm 4:30pm 7:00pm

3:00pm –

no play

7:30pm Sun 2/1

11:00am

– 7:30pm

Sat 2/1

4th singles round Quarterfinal Singles Quarterfinal Singles

–

Night Fri 1/31

4th singles round

–

Night Thu 1/30

3rd singles round

–

Night Mon 1/27

3rd singles round

–

Night Sun 1/26

1st singles round

–

Night Fri 1/24

1st singles round

1:00pm –

no play

no play

2 x Women’s Singles Semifinal 1 x Men’s Singles Semifinal Women’s Doubles Final 1 x Men’s Singles Semifinal Men’s Doubles Final Women’s Final Mixed Doubles Final Men’s Singles Final

20

2020 GRAND SLAM TOURNAMENT SCHEDULE DATE

PLAY START

SESSION

Mon May 25

11:00 AM

Day-First Round

Tue May 26

11:00 AM

Day-First Round

Wed May 27

11:00 AM

Day-First Round

Thu May 28

11:00 AM

Day-Second Round

Fri May 29

11:00 AM

Day-Second Round

Sat May 30

11:00 AM

Day-Third Round

Sun Jun 31

11:00 AM

Day-Third Round

Mon Jun 1

11:00 AM

Day-Fourth Round

Tue Jun 2

11:00 AM

Day-Fourth Round

Wed Jun 3

11:00 AM

Day-Quarter Finals

Thu Jun 4

12:00 PM

Day-Quarter Finals

Fri Jun 5

12:00 PM

Day-Women’s Semi Finals

Sat Jun 6

12:00 PM

Day-Men’s Semi Finals

Sun Jun 7

12:00 PM

Day-Women’s Finals

Mon Jun 8

12:00 PM

Day -Men’s Finals

21

2020 GRAND SLAM TOURNAMENT SCHEDULE DATE

22

PLAY START OUTER COURTS

PLAY START SESSION SHOW COURTS

Mon Jun 29

12:00 PM

1:00 PM

First Round

Tues Jun 30

12:00 PM

1:00 PM

First Round

Wed Jul 1

12:00 PM

1:00 PM

Second Round

Thu Jul 2

12:00 PM

1:00 PM

Second Round

Fri Jul 3

12:00 PM

1:00 PM

Third Round

Sat Jul 4

12:00 PM

1:00 PM

Third Round

Sun Jul 5

–

–

Mon Jul 6

12:00 PM

1:00 PM

Round of 16

Tue Jul 7

12:00 PM

1:00 PM

Womens Quarterfinals

Wed Jul 8

12:00 PM

1:00 PM

Mens Quarterfinals

Thu Jul 9

12:00 PM

1:00 PM

Womens Semifinals

Fri Jul 10

12:00 PM

1:00 PM

Mens Semifinals

Sat Jul 11

12:00 PM

2:00 PM

Womens Finals

Sun Jul 12

12:00 PM

2:00 PM

Mens Finals

No Play

The Countdown

To Retirement

Money See Where You Stand - It’s time to assess how prepared, or unprepared, you are financially for retirement.

•

•

•

Take a quick test: Assuming your retirement is about 10 years away, you want to have roughly seven times your current salary in savings, according to research from Fidelity. That puts you on the road to having about 10 times your final salary saved by retirement and maintaining your present standard of living. Retire before hitting 67 and you’ll need more saved; after, you’ll need less. .Do a deeper dive: Plug your current numbers (such as earnings, savings and future pensions) into an online calculator to estimate your retirement income. Experts say you’ll need 75 to 80 percent of preretirement income to live well — debatable but a good starting point. .Don’t despair: You have 10 years to act, by earning more, trimming expenses or delaying retirement. “Whatever you can do can only help,” says George Papadopoulos, a financial planner in Novi, Mich.

Save the easy way If you’re among the 82 percent of workers paid via direct deposit, save more by splitting your pay across accounts. Have your payroll department put part of each check into an online savings account, where it’s out of sight and out of mind. The direct-deposit users who split their deposits save up to $90 more per month than those who use another method to save, according to a recent study. (. . .continued on page 25)

2020 GRAND SLAM TOURNAMENT SCHEDULE SESSION

24

DATE

SCHEDULE

PLAY START

MATCHES

Tue 25 Aug

Day

11:00 AM

Qualifying Tournament

Wed 26 Aug

Day

11:00 AM

Qualifying Tournament

Thu 27 Aug

Day

11:00 AM

Qualifying Tournament

Fri 28 Aug

Day

11:00 AM

Qualifying Tournament

Sat 29 Aug

Day

9:30 AM

Arthur Ashe Kids’ Day

1

Mon 31 Aug

Day

11:00 AM

Men’s / Women’s R1

2

Mon 31 Sep

Night

7:00 PM

Men’s / Women’s R1

3

Tue 1 Sep

Day

11:00 AM

Men’s / Women’s R1

4

Tue 1 Sep

Night

7:00 PM

Men’s / Women’s R1

5

Wed 2 Sep

Day

11:00 AM

Men’s / Women’s R2

6

Wed 2 Sep

Night

7:00 PM

Men’s / Women’s R2

7

Thu 3 Sep

Day

11:00 AM

Men’s / Women’s R2

8

Thu 3 Sep

Night

7:00 PM

Men’s / Women’s R2

9

Fri 4 Sep

Day

11:00 AM

Men’s / Women’s R3

10

Fri 4 Sep

Night

7:00 PM

Men’s / Women’s R3

11

Sat 5 Sep

Day

11:00 AM

Men’s / Women’s R3

12

Sat 5 Sep

Night

7:00 PM

Men’s / Women’s R3

13

Sun 6 Sep

Day

11:00 AM

Men’s / Women’s Round of 16

14

Sun 6 Sep

Night

7:00 PM

Men’s / Women’s Round of 16

15

Mon 7 Sep

Day

11:00 AM

Men’s / Women’s Round of 16

16

Mon 7 Sep

Night

7:00 PM

Men’s / Women’s Round of 16

17

Tue 8 Sep

Day

11:00 AM

Men’s / Women’s Quarterfinals

18

Tue 8 Sep

Night

7:00 PM

Men’s / Women’s Quarterfinals

19

Wed 9 Sep

Day

11:00 AM

Men’s / Women’s Quarterfinals

20

Wed 9 Sep

Night

7:00 PM

Men’s / Women’s Quarterfinals

21

Thu 10 Sep

Night

7:00 PM

Women’s Semifinals

22

Fri 11 Sep

Day

12:00 PM

Mixed Doubles Final / Men’s Semifinals

23

Sat 12 Sep

Day

12:00 PM

Men’s Doubles Final / Women’s Final

24

Sun 13 Sep

Day

12:00 PM

Women’s Doubles Final / Men’s Final

CENTRAL MICHIGAN | VOL. 1

Pad your nest egg If you already have significant savings in a 401(k), 403(b) or IRA, open a Roth IRA (in 2019 you can contribute up to $7,000 if you’re 50 or older), or put money into a regular taxable account.

•

Why do it: You’re laying the groundwork for lower taxes later. Say you need a new roof on your house in retirement. If you take money from a 401(k) or traditional IRA, it is taxable as ordinary income, and you may end up in a higher tax bracket, explains Carolyn McClanahan, founder of Life Planning Partners. But you can pull your contributions from a Roth IRA tax free (earnings, too, if you’re at least 59½ and have had the Roth at least five years). You can also invest via a basic taxable brokerage account;when you sell securities, you’ll pay only (usually lower) capital gains taxes on the profits.

Pay down the mortgage The problem with a mortgage in retirement is that you may have to sell investments to cover payments. And sometimes that will be when the markets are down - the worst possible time to sell, says Shelley Giordano, chair of the Funding Longevity Task Force at the American College of Financial Services. Her advice: 1. In place of your monthly payments, make half payments every two weeks. Those 26 payments per year are the equivalent of 13 monthly payments, resulting in a faster payoff and lower total interest costs.

2. Got a tax refund? A bonus? A side job? Apply that to your principal.

3. Avoid refinancing your mortgage, since a new loan with a later payoff date means more of your monthly payment goes to interest expense, not an increase in your home equity.

4. Don’t use a home equity loan or line of credit for purchases. The new tax law makes that less attractive, says Giordano. And this is the wrong time to be growing your mortgage debt.

(. . .continued on page 26)

25

CENTRAL MICHIGAN | VOL. 1

Put new retirement savings to work Not sure where to invest additional money? Aim for growth, somewhere between a trip to Vegas and stuffing cash into your mattress.

The sweet spot •. Balanced mutual funds: Seek a mix of stocks and bonds; a 50/50 or 60/40 ratio of stocks to bonds is reasonable.

• Target-date mutual funds: These balanced funds automatically adjust investments to lower risk as you age.

Conservative but sound • High-grade corporate bond funds • Money market accounts • U.S. government bond funds • Certificates of deposit and online savings accounts (See bankrate.com for Federal Deposit Insurance Corp.–insured banks offering higher rates.)

• Series I inflation-protected savings bonds (sold at treasurydirect.gov)

Work Prepare Your Plan B - Ask yourself these questions, and be honest.

1. Do I work in a stable and growing industry?

2. Do I work for a stable and growing company?

3. Is my heart still in it?

Have you answered no to any? It’s time to update your LinkedIn profile and see what else is out there.

•

Why do it: Only about half of workers cruise their way to a planned, voluntary retirement; the rest of us exit prematurely, often as a result of job loss or burnout. But you still have time to regroup. “With 10 years to go, there is still enough runway to make a mark,” says career and retirement expert Nancy Collamer.

•

. ow to do it: You know the routine. Tell people who can help you. Sign up for job alerts H on the go-to site in your industry. Browse the postings that interest you, and note the skills that employers are seeking.

•

. ant to stay put? Get busy anyway. “Whether you drive a bus or work in a store or W in a professional occupation, maximize your opportunities by building your capital,” Collamer advises. “Give talks or write articles to boost your profile, or take advantage of short-term training programs.” One option: Go to linkedin.com/learning and get online access to thousands of business, creative and technology courses for $30 per month.

Miller, Mark and Powell, Robert, AARP (2019, Feb 6). Countdown to Retirement: 10 Years [Web log post]. Retrieved

26

from https://www.aarp.org/retirement/planning-for-retirement/info-2019/10-year-countdown.html

CENTRAL MICHIGAN | VOL. 1

COUNTRY CLUB WEDDINGS Looking for an elegant and classic wedding venue to celebrate your big day?

Country clubs are ideal for a variety of reasons.

Here are some reasons why country club wedding venues are among our favorites.

It’s a classic venue.

A country club wedding has long been a timehonored tradition for couples with family ties to a members-only venue.

Childhood memories of playing tennis or learning to expertly hit 18 holes can add sentimental meaning to a country club wedding. A country club also provides a familiar, picturesque venue. Expansive green spaces pair up with a stately ballroom to offer a magazine-worthy setting for a large indoor-outdoor wedding. Not a member of a nearby club? Some clubs are open to the public for events, while some private clubs will allow non-member weddings if the couple is “sponsored” by a member—meaning you just have to know someone who can connect you with the club’s in-house wedding planner.

It offers a one-stop-shop.

Like a hotel, a country club often has many wedding services on-site. Catering, flowers, linen rentals and even the wedding planner may all be available for one package price that can reduce planning time and stress. All you have to do is worry about finding the perfect country club-appropriate wedding attire for you and your wedding party.

It’s a great place to have a rain backup plan.

Maybe you’ve always dreamed of getting married in an outdoor ceremony—but then the skies open up right before you walk down the outdoor aisle. A country club offers the peace of mind of a rain plan with multiple ballrooms, dining rooms and other suitable indoor venues that can work as a stand-by on your big day.

It can accommodate many sizes of weddings.

Those aforementioned outdoor spaces, ballrooms and dining rooms also mean a country club can accommodate a variety of wedding sizes. Want an intimate wedding for 20? That gazebo in the formal gardens might make a great place for your I Do’s.

Is a wedding for 250 of your friends and family more your style? Many country clubs can host very large weddings in their wow-worthy ballrooms, too.

Two words: lawn games Those green spaces can do a lot more than hold chairs for your wedding ceremony.

The large swaths of grass at a country club are a great space to entertain your guests with classic games like croquet, bocce ball and corn hole. And don’t let the golf course go to waste! A round of golf for your guests should definitely be in order at some point during the wedding weekend.

Bianco, Katie (2017, March 8). 5 Reasons to Get Married ... at a Country Club [Web log post]. Retrieved from https://www.weddingwire.com/wedding-ideas/5-reasons-to-get-married-at-a-country-club 27

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