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This Week's Editorial
Extension Corner PDF Print E-mail
Written by Kindra Plumb   

Selecting a 4-H project

Enrollment for the new 4-H year begins October 15. Many 4-H members already know what projects they would like to enroll in, but a few members are undecided about projects or are simply looking for something new to try. Colorado 4-H offers 45 different projects for members of all ages.

Each 4-H project is designed to develop the following life skills: positive self-concept, making contributions/being successful, confidence, competence, connectedness and being caring and compassionate. By becoming involved in 4-H projects, members not only learn the practical skills taught in each project, but members also develop life skills that equip each individual with the skills needed to be successful throughout life.

To read the full article, call us about setting up an e-Subscription. 970-854-2811



Holyoke Enterprise September 18, 2014

 
Investor Guide PDF Print E-mail
Written by Dr. Harold Wong   

Optimizing SS and other retirement income

I recently flew to Kansas City, Mo., and met Mason Morasch and one of the IPG actuaries, who shared some of their strategies on Social Security optimization. This article will use some of their research. We will avoid using cost-of-living increases in SS benefits to simplify the case studies.

Case study: Joe and Mary are both age 66, which is the full retirement age for Social Security. Joe’s primary insurance amount is $2,500 per month of SS benefits, and Mary’s is $1,000 per month. If Joe waits until age 70, he will get 8 percent more for every year he waits past age 66, his FRA. This would make his SS benefit $3,300 per month at age 70.

Spousal benefit: Mary is entitled to either her SS benefits or half of her husband’s, whichever is greater, if she waits until she reaches FRA. If she takes SS earlier, she gets less. Joe will use the “file and suspend” strategy in order to get this spousal benefit for Mary. She can receive $1,250 per month, which is half of Joe’s $2,500 per month SS benefit at his FRA of 66. Because Joe is not claiming his SS benefits at age 66, he will receive the maximum he is entitled to, $3,300 per month at age 70.

To read the full article, call us about setting up an e-Subscription. 970-854-2811



Holyoke Enterprise September 18, 2014