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Day: February 22, 2016

“How to Make Your Money Last: The Indispensable Retirement Guide” by Jane Bryant Quinn

HOW-TO-MAKE-YOUR-MONEY-LAST

How to Make Your Money Last: The Indispensable Retirement Guide” by Jane Bryant Quinn

c.2016, Simon & Schuster
$28.00 / $37.00 Canada
366 pages

BOOK REVIEW
by TERRI SCHLICHENMEYER

Your No-Plan plan stretches for miles.

You’ve no plans for alarm clocks, suit-and-tie combos, rush-hour commutes, cubicles, or boring meetings. You’re ready to retire and leave them all behind – but can you afford to avoid those things forever?  With “How to Make Your Money Last” by Jane Bryant Quinn, you’ve got a working chance of it.

What will you do when you can finally do what you want?

That’s an important question, says Quinn. The routine you followed for 20, 30, even 40 years probably won’t be the same after retirement, and you may need some direction. You might be happy about not looking at a calendar all the time, but you won’t “want to look at a… calendar that’s blank.”

The key to making the most of your retirement is to make the most of your money. You’ll particularly want to know how to “prudently parcel your money out” so you don’t take too much or too little of the funds available to you for the duration. There are also things to consider: tax issues, investment tools, tricks for bringing more to your bank account, and ways to protect your spouse.

On that latter point, says Quinn, “talk, talk, talk.” Before you retire, discuss expectations and concerns with your spouse, and bring all money matters to the table. It’s not easy, she admits, but it is necessary.

“It’s time for a financial scan” next, she says. Know how to “rightsize,” consider housing needs, look at savings, and figure out how you’ll budget to trim expenses and still enjoy retirement. Know “Seven Special Situations” that “can’t be shoehorned neatly into the… process” and learn when it’s perfectly acceptable to tell your children “no.”

Educate yourself on the ins and outs of Social Security, and how waiting to file may make a huge difference, long-term. See why Quinn says Social Security won’t “go bankrupt.” Learn to choose the best pension benefits and why buying a pension may be advantageous. Know how to get the right health insurance coverage. Learn about home equity loans and how to leverage your home’s value. And remember: “There’s no clean way of knowing whom to trust.”

Oh, so much to remember! So much to learn, too, but author Jane Bryant Quinn makes it easier in “How to Make Your Money Last.”

From the first pages filled with ideas for filling your time, to the choosing of a Power of Attorney, Quinn covers almost every kind of money matter a retiring Boomer might need to know – all presented with terms and formulas that are simplified, even for the most mathematically-challenged. I appreciated that Quinn starts most points with need-to-know information, offers other places to turn for help, and includes things of which readers should beware.

All that, and an informal tone make this book a pleasant, helpful read for current retirees, those about to retire, and younger readers who may want to retire someday. And since that’s you, no doubt, “How to Make Your Money Last” is a book you should plan to read.

Terri Schlichenmeyer is based in Wisconsin.

Ebbs nabs district title

Brayden Ebbs
Brayden Ebbs

By ERIC A. HOWALD
Of the Keizertimes

McNary High School’s Brayden Ebbs was crowned the 138-pound Greater Valley Conference wrestling champion at the regional tournament Feb. 12 and 13.

Ebbs, a sophomore, is one of four Celtic wrestlers who will represent the school at the state tournament next week.

It was the second consecutive year that Ebbs reached the regional finals match. He was determined to come out on top this time around.

“The first thing that came to mind was I didn’t want it to end up like last year, going all the way to the finals and losing because I wasn’t thinking straight and making a mistake,” Ebbs said.

The district title came down to a match between Ebbs and a longtime friend, Landon Davis of Sprague High School.

“Landon and I have been friends since we were little and we know a lot about each other when it comes to the ways we wrestle. I knew it would be a tough match,” Ebbs said.

Ebbs won in a 12-2 major decision.

Ebbs placed sixth at the state tournament as a freshman and thinks he’s got a better-than-average shot at improving on that finish.

As a team, McNary placed third overall. Celts Jon Phelps, Wyatt Kesler and Isaiah Putnam will join Ebbs at the state tournament after finishing third in their respective weight classes.

Phelps, a 132-pound senior, made it to the semifinals before losing a 5-1 decision to Sprague’s Michael Murphy.

“That’s one I wish I could have won, but it means I have to work harder and train harder in the time between now and state,” said Phelps.

He was grateful for a good draw in the brackets, saying it was the first time in his four years that it swung in his favor. He won his third place match by pin in the second round.

“I was feeling a bit under the weather the first day, but thankfully it cleared up and I got a boost of energy the second day,” Phelps said.

Phelps is hoping for a top three finish at state, but was ready to appreciate whatever he could get from it.

“I’d be ecstatic just to place in the state tournament,” he said.

Kesler’s third place match was his longest of the tournament, and he won by pin in 1:29.

“He was an unseeded kid coming into it and did really well in the tournament,” Kesler said. “The biggest thing was keeping focus and staying confident throughout the tournament, and wrestling the way I needed to wrestle.”

His goal is keeping that focus, and not getting nervous in a match, as he heads to the state tourney.

“I hope to win it, but there are a couple of hammers in my weight class and I’ll need to overcome them,” he said.

Putnam, a sophomore, finished third at 170 pounds after narrowly missing a shot at going to state as a freshman. He was seeded third going into the regional tournament this year.

“I was pretty upset about losing in the semis to the No. 2 seed this time, but I knew I just had to wrestle back and meet my seeding,” Putnam said.

He lost by pin in the third round of his semifinal match, but rebounded to win his next match by fall and his third place match in a 9-1 decision.

“At the beginning of the season, my goal was to qualify for state. Now, I feel like I’ve got two weeks to set a new goal whether it’s winning as many matches as I can or trying to place,” Putnam said. “Everyone on the team really matters, but there are some wrestlers who are valuable to the coaches and the program. I think it helps me become more valuable to the program. If I’ve been able to do this well as a sophomore, I get excited thinking about what I’ll be able to do for the program and younger wrestlers as a senior.”

Other notable finishes for McNary were: Joey Kibbey and Ricky Hernandez, fourth and fifth, respectively, at 113 pounds; Kyle Bonn, fourth at 220 pounds, Keifer Smith, fourth at 285 pounds, and Nick Hernandez, sixth at 120 pounds.