WS August 30, 2013 by Weekly Sentinel

August 30, 2013

The Weekly Sentinel 19

business & finance ...MOVING from page 17

Many young people, particularly those from rural areas where the cost of living tends to be more affordable, are shocked to learn just how expensive it can be to live in a big city. In an analysis of the rental market in 2012, for example, Citi Habitats, a Manhattan-based rental brokerage firm, found that the average rent in Manhattan was $3,418 per month. Young women looking to move to a metropolitan area should determine the cost of living before making plans to move. Metropolitan areas are seemingly always more expensive than rural or suburban locales, but some metropolitan areas are more reasonable than others. Visit before you move. Many young people harbor romantic notions of the big city. But larger cities, even those that boast low unemployment rates, are not immune to problems. Young women should visit a city before committing to move there. If you have friends or family currently living in a big

city, spend a weekend with them and talk to them about everyday life and what you can expect. The better feel you can get for the lifestyle of a given city, the more you will know if that city is what you’re looking for. Determine how you will get around. Few people who live in large metropolitan areas drive to work. In a city such as New York or Chicago, for instance, residents tend to rely on the subway to get to work, and many residents do not even own an automobile. Even people who live in the suburbs of New York City but work within city limits tend to take mass transportation to work. That mass transportation costs extra money, often several hundred dollars per month, is something to consider if you land a job in a metropolitan area but intend to live in the surrounding suburbs where rent is typically cheaper. Consider the cost and reliability of transportation when choosing your next hometown. Moving to a metropolitan area is an exciting, and often practical, decision for young women looking to begin their ca-

Kennebunk savings namesTAX-FREE*) (0.00%) TAX-FREE* (0.00% Ross Office Manager KENNEBUNK – Kennebunk Savings recently announced that Mark Ross of Arundel was promoted to assistant vice president, banking office manager and will work from its Wells office. In his new role, Ross will be responsible for overseeing the Wells office team, commercial and mortgage lending, and the overall performance of the branch. He joined the company six years ago as a financial services specialist and was later promoted to assistant branch manager in Wells. Prior to Kennebunk Savings, Ross worked as a financial adviser for a company in Andover, Mass. A University of Maine reers. But the decision is one that requires careful consideration of a host of factors. This article was provided by MetroCreative. The Sentinel does not endorse any products or services suggested by articles from MetroCreative.

dREAm BiggER. do moRE.

(Name Muni Bond) (Name ofof Muni Bond) graduate, Ross received a bachelor of science degree in business (00.00) (00.00) administration with aPrice: concentration in management. He is an asCoupon: (00/00/00) (00/00/00) sistant coach for boys’ lacrosse at Maturity Date: (00/00/00) (00/00/00) Kennebunk High School.

or or N/A) Callable Date: (00/00/00 (00/00/00 N/A) (000) Price: (000) 4.743% Call YTC / 4.837% YTM TAX-FREE* Rating: (XXX/XXX) (XXX/XXX) PORTLAND MAINE AIRPORT REVENUE Other: (Obligor) (Obligor)

Price: $1019.00 Coupon: 5% Maturity Date: 07/01/2032 (Financial Advisor Name) Callable Date: 07/2023 (Financial Advisor (Approved Title) Name) Call Price: $1000 (Approved Title) Rating: (Line Baa1/BBB+ 1) (Line 2)

(Address) (Line 3) Nelson Burbank, (City,S.ST 00000) Jr. Financial Advisor RJFS (Line 4) (000-000-0000) I (Toll-Free: 800-000-0000) York Investment Partners (Line 5) Fax:P.O. Box 420 (000-000-0000) (Line 6) 276 US Route 1 Unit B (E-mail Address) (Line 7 | Line 8) York, Maine 03909 (Website) nelson.burbankjr@raymondjames.com www.yorkinvestmentpartners.com TF 855 482 0100 | T 207 337 6033

*As of 08/27/2013.

Subject to availability and price change. Minimum purchases may apply. The yield is the lesser of yield to maturity or yield to call. Interest is generally exempt from federal taxation and may also be free of state and local taxes for investors residing in the state and/or locality where the bonds were issued. However, bonds may be subject to federal alternative minimum tax (AMT), and profits and losses on tax-exempt bonds may *As 00/00/0000. *be subject to capital gains tax treatment. Ratings by Moody’s/Standard & Poor’s. A credit rating of a security is not a recommendation to buy, As ofof 00/00/00. sell or hold the security and may be subject to review, revision, suspension, reduction or withdrawal at any time by the assigning Rating Agency. Subject to availability and price change. Minimum purchases may apply. The yield is the lesser of yield to maturity or yield to call. Interest is generally exempt Insurance pertains only to the timely payment of principal and interest. No representation is made as to any insurer’s ability to meet its financial from federal taxation and may also be free of state and local taxes for investors residing in the state and/or locality where the bonds were issued. However, commitments. Ratings and insurance do not remove market risk since they do not guarantee the market value of the bond. bonds may be subject to federal alternative minimum tax (AMT), and profits and losses on tax-exempt bonds may be subject to capital gains tax treatment. Securities offered through Raymond James Financial Services, Inc., member FINRA/SIPC. Ratings by Moody’s/Standard & Poor’s. A credit rating of a security is not a recommendation to buy, sell or hold the security and may be subject to review, ©2012 Raymond James Financial Services, Inc., member FINRA/SIPC 10-MFI-0035_mtf_icd GD/RW 7/10 revision, suspension, reduction or withdrawal at any time by the assigning Rating Agency. Insurance pertains only to the timely payment of principal and interest. No representation is made as to any insurer’s ability to meet its financial commitments. Ratings and insurance do not remove market risk since they do not guarantee the market value of the bond.

Securities offered through Raymond James Financial Services, Inc., member FINRA/SIPC.

99%

APR

Home Equity Line of Credit1 PRIME MINUS .26%

with Breakaway Free2 Checking Account

Renovate, buy a car, or help pay for college. Borrow only what you need when you need it.

No fees to apply. No closing costs. Apply today! Stop by, call, or apply online.

1.800.339.6573 • www.kennebunksavings.com

Money. Life. Options.

Home Equity Line of Credit Offer: Annual Percentage Rate (APR) is variable based on Wall Street Journal Prime minus .26%. Prime as of 8/1/13 was 3.25 %. maximum APR will not exceed 18%. A Breakaway Free Checking Account and a minimum credit line of $7,500 are required to be eligible for the special rate. Special rate is available to new Home Equity Line of Credit customers. Existing customers must reapply and increase credit line by $25,000. Available on 1-4 family primary residences and second homes located in York or Cumberland Counties, mE, or Rockingham or Strafford Counties, NH. Homeowners insurance and flood insurance (if applicable) are required. offer subject to credit decision. Rates subject to change. offer may be withdrawn at any time before it expires on october 31, 2013.

All ATm charges will be reimbursed. other services such as overdrafts, stop payments and wires may involve a fee.