It’s probably safe to say that many of us are concerned about having enough money to cover our retirement years. In fact, some surveys have shown that we are more frightened of running out of money than we are of dying. What can you do to help alleviate these fears?
Your first move is to create a retirement income strategy, and you’ll want to develop it well before you need to use it. While there are many ways to develop such a strategy, you may want to consider these three key elements:
Withdrawal rate – Your withdrawal rate is the percentage of your portfolio you use every year during your retirement. So, for example, if you retire with a portfolio worth $1 million and you choose a 4% withdrawal rate, you’ll be taking out $40,000 per year. Your withdrawal rate will depend on several factors – your age at retirement, the size of your portfolio, potential earned income, date at which you start taking Social Security, and so on. Clearly, when deciding on a withdrawal rate, you’ll want to reach the “Goldilocks” solution – not too much, not too little, but just the right amount.
Reliance rate – Your reliance rate is essentially the percentage of your overall retirement income that comes from your investment portfolio – your IRA, 401(k) and other accounts. It’s called a reliance rate because you rely on this portfolio for your income. The higher your reliance rate, the more you will rely on your portfolio to provide income during your retirement, and the greater your sensitivity to market fluctuations.
Income sources – The more sources of lifetime income you have – such as Social Security and a pension from your employer – the less you may be relying on your investment portfolio to cover your retirement goals. However, many private employers have moved away from pensions in favor of 401(k)-type plans, and Social Security will only provide about 40% of your preretirement income in retirement, assuming your earned income is average for U.S. workers, according to the Social Security Administration. Consequently, you may want to consider options such as annuities, which can provide lifetime income benefits.
It will take careful planning to put these three factors together in a way that can help you build enough consistent income to last throughout your retirement – which could easily extend two or three decades. And there’s no single formula for everyone. For example, while an annuity could offer lifetime cash flow and help you reduce your reliance on your investment portfolio, it also involves fees and expenses, plus lower liquidity than other sources of income, so it may not be right for everyone.
Fortunately, you don’t have to go it alone when taking all your retirement income factors into account. You may want to work with a financial professional – someone who can evaluate your individual situation and then recommend retirement income solutions based on your appropriate reliance rate, withdrawal rate and potential income sources. By getting the help you need and by following a suitable long-term strategy, you can ease some of the stress that comes from wondering if your life span might eventually exceed your financial resources.
This article was written by Edward Jones for use by Edward Jones Financial Advisor Wendy Wilson
UPDATE Sept. 27: National Weather Service Portland has changed their forecast for possible frost this weekend to Sunday and Monday and advise plant owners these still will be the coldest temperatures of the season, but clouds and moisture will keep the coast mild.
“The coldest temperatures of the season with frost in some spots will be Sunday and Monday nights,” National Weather Service meteorologist Colby Neuman said.”There should be enough cloud cover and moisture to keep temperatures mild on Saturday Night. Inland from the immediate coast will be where the cold spots are, like Otis and Nestucca.
NWS is still advising owners of sensitive plants to bring them in to protect them from the cold.
Previous Coverage:
National Weather Service Portland issued a Special Weather Statement at 3:33 a.m. Thursday for the Central Oregon Coast predicting temperatures in the mid to upper 30s this weekend
According to NWS, a low pressure system will bring a cool fall-like air mass into the Pacific Northwest over the weekend. Temperatures are expected to run 10-15 degrees below normal starting Friday.
The coldest overnight lows are expected Saturday, Sunday and Monday nights, with lows in the mid to upper 30s possible in outlying lowlands.
NWS is advising people with sensitive plants to bring them indoors over the weekend.
From left, Kadence James, Olivia Coulter and Claira Tolan
Taft High, behind team captains Kadence James and Claira Tolan, won the first junior varsity girls soccer game played in school history Wednesday, defeating host Amity, 2-0.
Sophomore Olivia Coulter scored a goal and James had two assists in the victory as Taft expanded its girls soccer program due to growing participation numbers this season.
Taft varsity coach Joey Arce-Torres reacts to new JV program:
“At the previous Booster breakfast, I was able to thank the appropriate people for making this happen. Adding another athletic program to an already full fall schedule takes a lot of finesse and behind-the-scenes maneuvering.
“It takes money, it takes dedication and the commitment to see it through from idea to match. Taft is fortunate to have a great AD [Matt Hilgers]; a district employee [Majalise Tolan] who cares about growth; and coaches who put kids first and last but not least; and a booster program that gives and gives.
“Having a JV program has been my No. 1 goal since my second year of coaching. This will launch our program from simply competing to one that will build a winning culture. It will give our girls practical experience and the ability to learn from time on the pitch rather than learning from the bench.
“I am thrilled by how well the kids transitioned into these new roles. We will continue to warm up together, go through our stretches and communication together and break off for one hour with their respective groups.
“[Coaches] Kate Quinn and Josh Vrendenburg have done a superior job in growing our program and keeping things positive and interesting. We again could not have had this happen without them.
“We all have one goal at Taft: leave your position and your school a little bit better than when you arrived. I hope people will say that whenever I decide to stop coaching.
“At 6 p.m., I contacted my JV coach to ask how things were going, she responded that they had won. After that, I contacted a couple kids via their cell phones to congratulate them and they were screaming with excitement to fill me in. I haven’t had too many days at Taft that rivaled those precious moments that I had with them on the phone. It was a good day.”
Lincoln City Youth Sideline Competition Cheerleaders will represent the Taft 7-12 middle-school football team at 4 p.m. Wednesday against Willamina at Voris Field.
Eleven participants make up a squad that not only represents the seventh- and eighth-grade football team, but its community as they compete across Oregon at Oregon Cheerleading Coaches Association-sanctioned events.
The team is not a school-based athletic sport, but has 26 participants in its program, a large increase over last year.
There are 10 minis, 16 sideline cheerleaders and 11 competition performers. The sideline cheerleaders root for Lincoln City Parks & Recreation soccer on Saturdays to display their community support in all areas.
“Cheerleaders are versatile, and we want other sports to know that if you want us, we are here for you,” coach Tonia Anderson said. “These young athletes are full of energy and support for their community.
“Being a cheerleader is not for everyone. There is hard physical work involved, the opportunity to be a visible leader, the chance to show off hard-won skills in tumbling and dance and a sense of dedication to your team and school.
“It is something that you must love because it is a long-term commitment.”
Anderson and fellow coach Alicia Hernandez recognized and thanked the participants for building the program and for their devotion to the community.
”We hope that the community will come out to show their support at home games, not just for us, but for the Taft 7-12 middle school football team and for the youth soccer players, as well,” she said.
Boys and girls kindergarten through sixth grade interested in rooting on the Taft High football team at its Oct. 11 game against Clatskanie can share the spotlight at Voris Field by participating in a mini-camp Oct. 9-10.
Cost is $40 per child, which is due on the first day of the 5-7 p.m. practice at the high school’s auxiliary gymnasium.
The Oregon Health Authority (OHA) today lifted public health advisories for contact with marine water at Mill Beach located in Curry County, Hubbard Creek Beach located in Curry County, Nye Beach located in Lincoln County, and D River Beach located in Lincoln County. The health authority issued the advisories after water samples showed higher-than-normal levels of fecal bacteria in ocean waters.
Results from later samples taken by the Oregon Department of Environmental Quality (DEQ) showed lower bacteria levels. Contact with the water no longer poses a higher-than-normal risk. However, officials recommend staying out of large pools on the beach that are frequented by birds, and runoff from those pools, because the water may contain increased bacteria from fecal matter.
State officials continue to encourage other recreational activities at all Oregon beaches, suggesting only that water contact be avoided when advisories are in effect.
Since 2003 state officials have used a U.S. Environmental Protection Agency grant to monitor popular Oregon beaches and make timely reports to the public about elevated levels of fecal bacteria. Oregon state agencies participating in this program are OHA, DEQ and the Oregon Parks and Recreation Department.
Oregon Coast Community College North County Center in Lincoln City
A new academic year is beginning at Oregon Coast Community College, and it promises to be an eventful one with fresh pizza, a new newspaper and “growing its own” teachers.
The first day of classes for Fall term was Monday, Sept. 23.
In October, OCCC will welcome an Evaluating Committee of college presidents and administrators from throughout the Northwest. The visit is the latest in a long series of steps the College has taken in its long process in pursuit of independent accreditation. The adventure began more than five years ago, in July 2014, when the OCCC Board of Education charged President Birgitte Ryslinge with leading the College to independence. That same year, Tillamook Bay Community College (TBCC) and Columbia Gorge Community College (CGCC) both secured their independent accreditation, after years of work similar to what OCCC has been going through. Both TBCC and CGCC had previously been accredited through Portland Community College, as OCCC is today.
After its visit – scheduled for Oct. 16, 17 and 18 – the Evaluating Committee will submit its findings to the Northwest Commission on Colleges and Universities. The NWCCU, in turn, will make a decision in January 2020 about whether OCCC will be granted Initial Accreditation. If the College is successful, accreditation will be retroactive to the start of this Fall’s term, September 2019. Complete details of the College’s ongoing pursuit of independent accreditation can be found on the College website, oregoncoastcc.org.
New programs
This year, more classes than ever will be available via distance-delivery, using Zoom videoconferencing. This allows classrooms of students from one part of the county to join students in another facility, thus saving the time and expense of driving from location to location. A wide variety of courses will take advantage of this improving technology, including OCCC’s teacher-education program. This is the second year of the College’s partnership with the Lincoln County School District, to provide a clear pathway for local students eager to become schoolteachers.
“Through our ‘grow-our-own teachers’ Rural Teacher Pathway, funded by a generous grant from the Meyer Memorial Trust, students can begin their teaching degree here at OCCC – some can even start while in high school,” said President Ryslinge. “In the third year of the program, the students will need to spend nine months at Western Oregon University, but the fourth year returns them to Lincoln County, where those participants with adequate academic performance will be placed in student teaching positions.” Successful graduates will receive preferential treatment in the LCSD’s hiring process.
Another highly anticipated program the College has long pursued is slated to come to fruition during this academic year. This February, OCCC will begin offering welding courses – the vanguard of a lineup that the College plans to develop into a robust maritime construction program. The welding offerings will be made possible thanks to partnerships with the Port of Toledo and the Lincoln County School Districts. Interest in the initial welding classes has been intense; a series of Facebook posts made last spring when grant funding was secured to make the program possible were met with more than 10,000 post interactions. “In other words, as many as one in five residents of Lincoln County reached out and reacted to news of this future program in the space of just a few days,” said Dave Price, OCCC’s Director of Marketing and Community Engagement.
Details about the welding program will be available on the College website, oregoncoastcc.org, as February nears.
Improvements abound
The OCCC Nursing and Allied Health Department continues to grow. Last year, the school added two new high-tech mannikins, allowing students cutting-edge equipment with which to practice live interactions with “patients” in the school. The mannikins were funded by generous grants from the Siletz Tribal Charitable Contribution Fund. More support grew from elsewhere in the community, such as a $50,000 contribution to the program from the North Lincoln Health District.
“In past years, we have been so appreciative of matching donations of $40,000 each from the Pacific Communities Hospital Foundation and the North Lincoln Health District,” said Linda Mollino, director of Allied Health and CTE Programs. “This year, North Lincoln’s contribution to our nursing program and its students jumped 25 percent. We’re grateful for that generous bump, and for the continued support from Newport. These institutions support our program in large part because of the excellent nurses our program graduates each year to support the best possible patient care in Lincoln County hospitals.”
The Coastal Stagecoach
The South, Central, and North locations of Oregon Coast Community College (located in Waldport, Newport and Lincoln City, respectively) are abuzz for lots of other reasons this Fall. OCCC students are planning to launch their own newspaper, ‘The Coastal Stagecoach,’ this year. Meanwhile, there’s big news at the College Store inside the Newport Campus. There, a new oven means students will be able to order fresh, made-to-order pizza – with homemade dough made fresh each morning.
To go with their hot pizza, students can fill up reusable bottles with cool, fresh, filtered water, using filling stations installed in Newport and Lincoln City. Both were funded by the Siletz Tribal Charitable Contribution Fund and funds raised by OCCC’s Associated Student Government group. With the stations installed, the College will be planning next steps as it works to drastically reduce the number of plastic single-use water bottles brought to campus.
This year marks another year of growth in the College’s dual-credit offerings, which deliver college-level courses and credits to Lincoln County high school students. The College is also continuing its Early College Program, providing free tuition to some high school students for classes taught at College campus locations. Details are available on the College website or from high school counselors.
Meanwhile, the College continues to offer its Digital Media & Marketing Studios, in Newport and in Lincoln City, to local businesses in need of professional photography, video, video editing, or audio recording and production services. The studios are managed by the OCCC Small Business Development Center and were funded by Economic Development Grants from the Lincoln County Board of Commissioners. When not in use by local businesses (who pay $30 per hour to use the space and equipment), the studios are often available at no charge to OCCC students.
The College also offers an impressive lineup of degrees and certificates, including transfer degrees in which many local students earn the first two years of a four-year degree at home before transferring to OSU, Western Oregon or other universities as juniors. The OCCC Aquarium Science Program is a unique program that offers a degree program as well as a one-year certificate program. Most of its one-year participants are from outside Lincoln County, and typically these students arrive having already earned four-year degrees from universities in areas such as marine biology. The hands-on practical skills in care and feeding of aquatic plants and animals, as well as experience in PVC piping and plumbing and lots of other areas, contributes to impressive job-placement rates for Aquarium Science Program graduates.
In addition, this Fall brings a wide variety of non-credit community education and small business classes open to anyone in the community. These classes range from cooking to German language, and from Internet Security to CCB License Prep and Testing, among many others. Find the complete lineups at oregoncoastcc.org/communityed and oregoncoastcc.org/sbdc.
For more information about Oregon Coast Community College, call 541-867-8501, or stop by the College’s Central County Campus, at 400 SE College Way in Newport’s South Beach District, or the North County Center, at 3788 SE High School Drive.
Photos by Amy Rose-LundstedtHunter Lundstedt, left, and Lucas Hindman
Lucas Hindman placed 28th and Hunter Lundstedt 34th Saturday to lead the Taft High boys, while fellow senior Autumn Ellis finished 25th to pace the girls in the Prefontaine Memorial 5K at Coos Bay.
Hindman clocked a time of 18.39.9, while Lundstedt finished in 18:52.1 at Marshfield High School two days after running in the Nestucca Cape Kiwanda Challenge.
Ellis ran 5,000 meters in 22:34.9 in the meet that honors former Olympic middle and long-distance star Steve Prefontaine in his hometown.
The Taft High boys and girls both placed ninth in the team competition. Grants Pass defeated Roseburg for the boys and girls team titles.
Roseburg senior Zachary Traul won the boys race in 15:54.4, while senior Faith Schultz of Grants Pass was the girls winner in 18:45.6.
The Tigers return to the track Saturday at the Toledo XC Challenge.
Most parents ask a relative to watch their child so they can run to the grocery story, go on a date, or take a nap. However, some families don’t have a natural support system, and taking a break from parenting is not an option.
Respite care is a service that gives families a short-term break. During respite care, host families take in kids, providing fun and recreational activities. Kids get a break from their daily lives, and their parents get an opportunity to unwind and recharge, which helps stabilize families.
“Currently there are no respite homes in Lincoln County,” System of Care coordinator Jennifer Schwartz said. “This is a tremendous problem for the community because respite care is a crucial service for supporting and stabilizing families.”
To fill this need, Morrison Child and Family Services is recruiting families to provide respite care for kids in Lincoln County. Morrison is holding a Meet and Greet to teach community members about respite services on Thursday, September 26, from 5 to 7 p.m. at the Lincoln City Community Center, 2150 NE Oar Place.
(Click to expand event)
Missing Event Data
“Please come and learn about the possibility of becoming a respite provider,” Morrison program manager Melissa Jackson said. “This is a great program for people who don’t have time to be full-time foster parents, but can help kids a few days at a time.”
Host families provide respite care for children receiving mental health services from Lincoln County Health & Human Services, which includes children in foster care.
“Without this service, kids with mental health disorders can end up hospitalized or having to move from home to home,” Morrison division director Kitty Carter said. “This service really is a lifeline for these kids and their families.”
Carter said the goal of respite service is to increase permanency and family stability and reduce moves into higher levels of care.
Morrison which started doing this work in 2009, trains and certifies families to provide safe and interactive care for kids, ages 3 to 17, for a day or two in their communities.
If you would like more information about becoming a respite provider, email [email protected] or call Carrie Summers-Nomura, Morrison training and recruitment coordinator, at 503-736-6510.
Morrison Child and Family Services partners with families and communities to provide effective and responsive services for children and youth coping with adversity and trauma.
Taft junior JJ French breaks the plane for six Friday against the Knappa Loggers
Junior running back JJ French rushed for over 100 yards and two touchdowns, and senior wide receiver Jordan Hall added another Friday to lead Taft High to a 24-6 nonconference football victory over visiting Knappa.
“We made many mistakes on offense that we need to clean up and learn from, but got enough big plays to walk away with a win,” Taft coach Jake Tolan said. “Our depth was a key tonight. This is the first time in four years as the head coach that we have 45 kids in our program and have the ability to sub kids throughout the game and keep fresh legs on the field.”
The Class 3A Tigers jumped on top 8-0 in the first quarter and 14-0 in the second period, then held on for a 14-6 halftime lead over the Class 2A Loggers.
JJ French
French got the Tigers on the board first with a 17-yard TD run with 3:23 remaining in the first quarter. A two-point conversion pass from junior Fco Ramos to senior Trenton Hall made it 8-0 Taft.
Antonio Saurez
The teams traded turnovers on ensuing possessions before junior quarterback Antonio Saurez connected with Jordan Hall for a score and 14-0 lead after a failed extra-point try.
Jordan Hall
The Loggers made it 14-6 two minutes before halftime when senior Mason Westerholm connected with junior Devin Hoover for a 13-yard score, but the PAT attempt was blocked.
Fisher hauled in a 40-yard pass as time ran out on the halftime clock in the Tigers’ bid to extend their 14-6 lead.
Darius Smith
Taft junior defensive back Darius Smith put an end to a second-half possession by the Loggers with his third interception of the season at 9:23 of the third quarter.
With the score 14-6 following a scoreless third quarter, French ran 50 yards to the Knappa 25 before Saurez moved the ball to the 7 on two quarterback keepers midway through the final period. French ran it in from there, and senior running back Trenton Hall added a two-point conversion run for a 22-6 Taft lead with 7:46 to play.
Trenton Hall
Jordan Hall intercepted a pass at the Knappa 33 with 4:53 to play before French scooped up a loose ball and returned it to the 2-yard line for first-and-goal as the game clock clicked down, but a fumble returned the ball to the Loggers, who surrendered a safety on a bad snap to make the final 24-6.
“Once again, our defense came up big tonight, creating multiple turnovers and only gave up one touchdown against a team that last year scored over 50 points on us,” Tolan said of a 52-32 road defeat to the Loggers a season ago. “Even more importantly was that our defense was able to slow Knappa down and get stops while our offense struggled at times moving the ball.”
Taft, a member of the 3A Special District 1 West, improved to 2-1 following a 14-6 season-opening home victory over Harrisburg and a 33-18 road defeat to Sutherlin. The Tigers won just one of nine games all of last season.
Taft coach Jake Tolan
Knappa, of 2A Special District 1, which defeated Grant Union 24-14 in its opener and lost to Toledo 22-12 last week, fell to 1-2.
The Tigers return to action at 7 p.m. Friday, Sept. 27, at Yamhill-Carlton of the 3A PacWest Conference.
Taft, which moved into the Top Ten in the OSAA rankings at No. 10 with the win, opens SD1 league play Friday, Oct. 4, at Amity.
