intown November/December 2012
Shooting for the Moon in Cancer Care
Local financial advice
Clemens after baseball
New
SHOP TIL YOU DROP
Kitchen Ideas The Buzz
IN UNCERTAIN TIMES, who CAN gIvE yoU ThE FINANCIAl AdvICE yoU NEE Morgan Stanley’s wealth management group has joined forces with Smith Barney to create a new leader in wealth management — drawing on more than 130 years of experience. What does it mean to you? It means your Morgan Stanley Smith Barney Financial Advisor is better equipped than ever to take a holistic view of your needs. What’s more, they can access a global network of economists, strategists and research analysts to help you manage risk and seek out investment opportunities. In short, they offer not just advice, but the resources to act upon it. Call your local Morgan Stanley Smith Barney Financial Advisor today. A new wealth management firm with over 130 years of experience.
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CONTENTS
16 THE GAME
The Rocket interview: life after baseball
18
HOUSTON RENOVATOR New Kitchen Ideas
21 THE BUZZ 8, 28
Original UT Clinic
10
Shooting for the Moon in Cancer Care 4 SHOPPING Shop til you drop
22 FINANCIAL FOCUS
26
intown
www.intownmag.com
November/December 2012
Publisher M.A. Haines Editor Lisa June
Production Web Design: Melaroo Art Director & Layout Design: Alona Preskovsky Web Design: Jay Ford Photographer: Wells Brown
Contributors Buddy Bailey Marene Gustin William Hanover John Granato Roseann Rogers Sean Pendergast
ARTS &
entertainment
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intownmagazine@gmail.com Space reservation deadline is 15 days prior to publication.
Intown Magazine is published bi-monthly by SNS Media. Articles are welcome and will be given careful consideration for possible publication. Intown Magazine does not assume any responsibility for unsolicited materials. Materials submitted will be returned if accompanied by a stamped, self-addressed envelope. Box 980757 Houston, TX 77098 You can also e-mail intownmagazine@gmail.com
Copyright 2012 by Intown Magazine. All rights reserved. Content may not be reprinted or reproduced with permission from Intown Magazine.
EDITORIAL
When I recently went to the Texas Medical Center campus for my interview with Dr. DePinho, I realized it had been over twenty five years since my last visit to MD Anderson. My prior trip there was a somber one. My then 30 year old big brother, who was dying of chronic myeloid leukemia, needed to come from Nashville to Houston and visit MD Anderson. His doctors at Vanderbilt told him he had two, maybe three years to live. Myself, my sister, and my brother’s best friend convinced him to make the journey. Based on our research a doctor at MD Anderson, Dr. Hagop Kantarjian was doing some great work in leukemia care and research. He was pioneering a relatively new field using interferon, which was a possibility for treatment, but not necessarily a cure. I was proud to help my older brother in my hometown and with with my eternally optimistic outlook, I was certain we had come to the right place. That is until I noticed the fact that our doctor looked as young as we were. As we listened to his diagnosis which confirmed his disease, I still felt we were in good hands. As he spoke, he mentioned nothing about his area of expertise, but only that of a doctor named Peter Tutschka and his understudy Dr. Andrew Copelan of Ohio State University. He stated simply that this doctor was “talking to God” and having incredible success in curing leukemia patients with bone marrow transplants and we should go immediately. What doctor says or does that? Off we went to Columbus, where my brother would spend the next year or so. Our family has never forgotten the honest and life saving advice from our visit to MD Anderson in Houston. Since the bone marrow transplant with my brother it has been 25 years and he is still cancer free. Dr.Kantarjian is now in charge of the leukemia department at MD Anderson. Lessons to be learned. Don’t always believe what you see and hear and always get a second or maybe third opinion. To all cancer patients, the great doctors, nurses and hospital employees here’s to you and celebrating these holidays and a New Year.
Dr.Hagop Kantarjian Department Chair of Leukemia and VP for Global Academic programs, Division of Cancer Medicine at The University of Texas MD Anderson Cancer Center, Houston, Texas
SHOP
Bills Khakis Bill Thomas shopped at a local army store with his college buddies where they bought a “classic khakis”, only to find one day that the surplus store no longer carried them. Starting with a loan from his mom in a basement in Reading, Pennsylvania. Bills is still making not only a classic khakis, but has added to the line with shirts, belts, corduroys and even some color into the line. Today with over 20 employees and nearly 10 million in sales, one thing hasn’t changed and that is they are still made in the good old USA. When asked if he was tempted to go to China for manufacturing his answer was simply “no”. He sells to shops like Vincent Ford Custom Apparel who started over twenty years ago with partner Timbo Brown, making mostly custom suits. Always with a good story to tell, these two veterans of the Houston apparel business have flourished in their Fountainview location by offering some of the finest hard to find men’s clothing available. Photo by: Wells Brown.
Chambray Shirt by Bill Khakis
available at Vincent Ford Custom Apparel
Above: Timbo Brown, Bill Thomas, Vincent Ford
We learn that both bowling and dancing are fun− just maybe not at the same time.
Head to 300 Houston to strike up some cheer this New Year’s Eve! For info on daytime or evening packages, call Lauren Bohnstedt at 713.343.5776 or visit 300houston.com AMF-1575_InTownMag_half-1.indd 3
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10/19/12 3:29 PM
Le Chameau USA
Utilizing premium materials such as all natural rubber and thick fullgrain calf leather, no corners are cut to provide you with the most comfortable, most reliable, high performance rubber boots you will ever own. Available at Rebecca and Drew.
Elaine Turner Wraps Wrists
With her mother, Marlaine, currently undergoing treatment for breast cancer, Elaine Turner is more committed than ever to fighting this devastating disease. Recently the handbag and shoe designer donated 100 percent of the Marlaine, a hot pink wrap bracelet with gold hardware and embellishments, to MD Anderson Cancer Center for Breast Cancer Awareness Month.
Elizabeth Clutch
by Mary Nichols available at Rebecca and Drew
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Rebecca and Drew known for their ladies semi-custom shirts fitted by bra size is located in River Oaks Shopping Center. Black blouse by Lovers + Friends
Green paisley jeans by Paige Denim Available at KB Casuals, located in the River Oaks Shopping Center www.kbkasuals.com
Vintage hinged bangle bracelet in 18 kt yellow gold by Winc. 2230 BISSONNET, www.lrantiques.com Black & white blouse by Everly Red pants by Tempo Paris
Both available at KB Casuals
Kate Clutch Black and White with Crystal Embellishment by Mary Nichols available at Rebecca and Drew
Photo by: Wells Brown
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Photo by: Wells Brown
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Breakfast 6
Lunch
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Dinner
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Live Music
Tsubo
Tsubo fuses comfort technology with high-level design, including ubercomfy footbeds, super grippy rubber soles and adjustable features for a perfect fit. Available at Dillard’s at Post Oak.
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The
F
or unto us a child is born
BUZZ by Roseann Rogers
CHRISTMAS EVE
Mike Linn and Carol Linn
CHRISTMAS DAY
3:30 PM & 5:00 PM
10:00 AM
CHILDREN’S SERVICES
HOLY EUCHARIST
7:00 PM & 10:00 PM FESTIVE EUCHARIST with prelude of carols for choir and congregation
Celebrate with us!
The Museum of Fine Arts, Houston 2012 Grand Gala Ball MODERN Photos by Jenny Antill and Priscilla Dickson
Frances Marzio
Susie Criner and Sanford Criner
THE CHURCH OF ST. JOHN THE DIVINE 2450 RIVER OAKS BLVD AT WESTHEIMER SJD.ORG 713.622.3600
OrthOpaedic assOciates, llp aNNOUNces
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Debbie and John Daugherty
everY tUesdaY Night 5:30 - 7:30 p.M.
Bobbie Nau and Dancie Ware
Bellaire OFFice
Franci Crane, Phoebe Tudor, Nancy Kinder
Brad Wyatt, Lynn Wyatt, Gary Tinterow Dr. Amy E. Riedel
Foot and Ankle Specialist
Dr. David L. Lin
Sports Medicine Specialist
Make an appointment online www.oadoc.com or call 713.650.6900
Dr. Kelli Cohen Fein 8
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Meredith Long, Cornelia Long, Martha Katherine Long
LIFE Dr. Ronald DePinho is a confident scientist, doctor and businessman from New York who loves his new hometown of Houston, and will bring all his weapons to bear on the assault by MD Anderson to cure cancer with his moon shots program. Intown caught up with the president in his office overlooking the massive campus of UT MD Anderson How did you end up becoming the president of arguably the world’s best cancer treatment center- MD Anderson? Did you apply or were you recruited?
Dr.Ronald A. DePinho
Shooting for the Moon in Cancer Care 10
www.intownmag.com
The University of Texas System Board of Regents conducted an extensive search where there were over 100 candidates in the international field. This was an extremely important position in cancer and so it attracted a lot of interest. After whittling to three finalists and then a sole finalist where I was selected, I was granted the privilege and honor of serving this institution. However, I think the real reason I was picked was because they wanted to recruit my wife, Lynda (Chin), an accomplished scientist who has recently been elected to the Institute of Medicine of the National Academies. For nine of the past 11 years MD Anderson has ranked number one in cancer care according to U.S News and World Report. Why is this such a great facility? MD Anderson’s mission is to eliminate cancer and all 19,000 of our employees push to accomplish that goal. Daily pursuit of our mission has been - and is- fundamental. It really has taken the best evidence in how to treat cancer and convert that evidence into a standard of care that really improves the potential of a patient to survive their
encounter with cancer. First of all, this is science-driven cancer care and we contribute significantly to developing standards of care that are practiced all over the world. Secondly, the number of patients that we see are significant. Last year we cared for more than 100,000 patients. We have performed over 10 million diagnostic procedures and placed 11,000 patients on life saving clinical trials. In medicine, practice makes perfect. In addition, we have a unique approach for patient care which is called the multi-disciplinary care of the patient. Essentially what that means is when a breast cancer patient comes into the clinic, that patient has the collective wisdom of specialists that only focus on breast cancer. We come at it from every angle of oncology, medicine, surgery, radiation, nutrition, and other disciplines. It’s that collective wisdom and experience that’s brought to bear on the management of that individual’s cancer. Early on in your new position you said “we’re going to attack and cure five cancers”? Have you determined which five and how is that progressing? A couple of months after coming here, I posed the question: if you wanted to ultimately cure a cancer what would it take and what would be your approach without regard for the resources or the organizational restraints to achieve a particular goal for a particular cancer. Many cancers were analyzed and investigators came together with a plan that was submitted to an internal and external advisory board that was chaired by the president of the American Association for Cancer Research. Then that group asks whether or not those particular cancers were at the right period in their evolution to be able to say that we should be able to make a decisive assault on those cancers. The goal in this decade is to reduce the mortalities more dramatically than we have in those cancers and ultimately set the stage for the control. The cancers we selected were prostate, lung, two forms of leukemia (acute myelogenous and chronic lymphocytic), melanoma, triple negative breast cancer and a particularly lethal form of ovarian cancer. In the coming months we will embark on the implementation of these plans. More recently when you came to MD Anderson the Institute for Applied
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Cancer Science (IACS) was formed? What does it do and what is MD Anderson’s involvement? One of ten platforms of the moon shots is the IACS. In academia it’s mostly about discovery and the ability to systematically translate a discovery into a drug, a diagnostic or a device that can improve human health. There has been this ecosystem that exists which is academia, biotech, and pharma which is a relay race that brings discoveries all the way to a commercialization end point. These platforms allow us to insure that these discoveries are driven to these various end points. The problem with the
current ecosystem and in big pharma is that drugs have a 95% failure rate. Over half of those failures occur in phase three at an enormous cost and that’s one of the reasons the costs of drugs is so high. Why do we fail? We believe that part of the reason is we are not doing enough due diligence and biotech is not in a position to do enough deep validation of the concepts of the target and the drugs sufficiently to increase the probability of success once you get into the clinic. So we decided on a new organizational construct that allows us to bring the ball down the field a little bit further. We’re not going to replace biotech or pharma, but just to
be able to better validate concepts and develop really good drugs against those targets. This new construct will bring the academic rigor, creativity and depth of analysis that’s famous for and has the defining characteristics of academics and at the same time it has also the industry like execution and discipline to be able to drive discoveries to a particular end point. Having reached that end point medicines can be licensed to pharma or biotech or used to form a new biotech company. How closely related is (IACS) to the state organization Cancer Prevention and Research Institute of Texas (CPRIT)?
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It’s very much within the goal of that effort which is to reduce the deaths and burden of cancer through a variety of strategies. One is prevention and early detection of cancer, which I think is extremely important. In fact, I think the near term impact on the cancer problem is going to come primarily from early detection. The second is research. We don’t know enough yet to cure cancer. We still need to learn a lot more about the disease before we can wrestle it to its’ knees. The third area is the area of commercialization. It is important to appreciate that just doing research won’t cure cancer. It may help us understand the path towards that, but when you publish a paper it does not cure the patient. Commercialization is one component that allows us to take the knowledge of our laboratories and bring it forward so patients can access new drugs. So IACS’ efforts are bridging research and commercialization by taking discoveries, validating those findings, and developing drugs that can be launched to the private sector through licensing or creating a new company. CPRIT is an important initiative for the State of Texas and for cancer patients around the world. The world has stood up and taken
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notice of what Texas did by supporting CPRIT. It has been a major plus for Texas and Texas science on many levels. Many scientists have come here as a result of the increased funding for science and prevention. Companies are now formed as a result of this, and they are advancing medicine, devices, and diagnostics that would not have existed otherwise. It’s a tremendous success story by any measure and has contributed to the mission of many health research institutions throughout Texas.
You and your wife both work at the facility but report to different people. You also both hold a lot of equity in companies that are in developmental stages for cancer treatments. Does this not create a conflict of interest and open yourselves up to some of the criticism from other doctors and scientists? First of all thank you for asking that question. In terms of how my wife and I relate to one another. She reports directly to the executive vice chancellor, Dr. Ken Shine
and an MD Anderson division head. It is really a parallel track, one I cannot influence. She will sink or swim on the basis of her abilities. Obviously, her record speaks for itself as reflected by her recent election to one of the more prestigious institutes by her scientific peers. With respect to my entrepreneurial activities and equity positions, it has been noted by the Board of Regents that one of the reasons I was viewed as an attractive candidate derived from my diverse background. This background has enabled me to understand the moving parts that allows us to go from discovery, to something that will actually help patients, which is after you cross the commercialization goal line. Financial conflict of interest is something that needs to be handled more stringently with myself and my wife, relative to every other faculty member here. Prior to coming here, I was involved in quite a few companies. Before I got here I withdrew from all but a few because not only the conflict of interest, but even the perceived conflict of interest. There are only three companies that I remain associated with and have an active plan to unwind from those as well. I am in the process of doing it, but I can’t discuss that because I am not allowed, based on my responsibilities to those entities. The decision to remain associated with those companies in the short run was based on the fact that if I withdrew from those companies it would impact negatively on those companies. Those companies are working towards improving the health of patients. We have extremely stringent conflict of interest rules here and this is an issue of high importance to me, the institution and the UT System. What are your biggest challenges at this job? I would say communication. It’s a large and complex institution and there are many moving parts. It takes only a handful of individuals who may not have information that can fuel misconceptions given the power of electronic media. It is important to take a more proactive role in getting information out in a transparent and interactive way to encourage and enable good ideas and feedback. This is a significant challenge at any large organization. What do you attribute to your success? Conviction. I really believe in the vision that we have articulated at MD Anderson and I am very driven to achieve that end. It’s that strong drive of conviction and passion for advancing human health and putting all else before that. Patients are counting on us to deliver. What is the most promising new discovery? The ability to harness the power of the immune system to treat advanced disease or even prevent it. Patients with advanced disease normally have a suppressed immune system that doesn’t recognize the foreign cancer. Now one of our investigators, Dr. Jim Allison, Chair of Immunology, discovered what puts the brakes on the immune system and determined how to deactivate that brake. In one trial of patients with advanced melanoma 24 percent appear to have durable responses and no evidence of disease many years later. It is very exciting. The area of immunology will yield significant advances for advanced disease. The biggest impact in the next 10 years is early detection and we will try to pinpoint discovery of proteins in the blood that will detect an early stage cancer. Ultimately, we want to bring this test to a point that can be used in the general population. www.intownmag.com 15
THE GAME
The Rocket interview:
Roger Clemens life after baseball
Mark: You recently pitched for the Sugar Land Skeeters. It seemed like you really enjoyed yourself
ragincajun_uhad_final.pdf
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By Mark Carman
10/18/11
9:49 AM
Roger: It was great. We knew most of the people in the Skeeters front office. Of course, it all came about from my former Astros hitting coach Gary Gaetti. He asked me for help by sending a few players his way and I did. In passing, he asked how I was feeling and halfjoked that I should come pitch a few innings for him. We laughed it
off but he stayed after me. Then I started throwing in the minors to some of the kids to give the coaches a break during batting practice. I eventually decided I’d pitch a few innings (for Sugar Land). I wasn’t nearly in pitching-shape but I felt confident enough to pitch without embarrassing myself. We had a great time with it. We had to keep it a secret, at first, though. I was hopeful that my son, Koby, who was with the Toronto Blue Jays, could come catch for me so we could do a father-son thing for the fans. It brought some great attention to the organization and the players.
with money. You can be pretty average out there and make a lot of money. Mark: What did you think about how the Washington Nationals handled Stephen Strasburg, enforcing a strict innings-limit and sitting him at the end of the year? Roger: I wish they would have leaned on him a little more and asked how he felt. I surely understand that you want to keep this kid healthy over the next 10-15 years but there were other options, like pitching him once a week.
Mark: I assume you enjoy watching Justin Verlander pitch. He seems to be cut from the same cloth, perhaps. Roger: He’s locked in and on a mission every time I’ve seen him pitch. He seems to have command of three pitches at all times. He’s incredible. ***You can hear more at yahoosportsradio.com. Listen to 1560 AM, the flagship home of Yahoo! Sports Radio.***
Mark: Did Koby shake any of your pitches off? Roger: Koby did come to the mound one time and said, “Dad, two pitches ago I called for a fastball and you threw a changeup.” I told him, “Son, I’m 50 years old, that WAS my fastball. Now get back there and be quiet.” [Laughs]
TEJAS CUSTOM BOOTS
Mark: That’s outstanding. There were some in the media who believed this was a comeback to reset the “Hall of Fame clock.” Were you bothered by that speculation? Roger: Naw. You can’t worry about that. People are going to talk out of the side of their mouths and, most of the time, they don’t really know what’s going on. We don’t hold it against them. We continued to have a great time with the whole experience. Mark: It’s my belief that you get no greater joy in life than from pitching. You’re involved in a lot of other worthwhile endeavors, but pitching has to be where you get the most fun in your life. Is that true? Roger: It’s a great deal of fun. When you’re involved with something like [the Skeeters outing], you don’t want to get hurt or embarrass yourself. Whether its A-ball or an independent league, you don’t want to embarrass yourself. Shoot, I’ll get myself into the best shape I can to throw at an alumni game and even the high school home run derby. That’s what I was taught a long time ago by my mother and grandmother. My grandmother said, “If you’re a ditch digger, be the best ditch digger around.” Those things were instilled in me a long time ago.
CUSTOM MADE IN TEXAS BOOTS y BELTS y BUCKLES OSTRICH ALLIGATOR AND OTHER FINE EXOTIC LEATHER GOODS
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Mark: Could you ever see yourself in the dugout as a manager or pitching coach? Roger: Oh, I don’t know about that. I enjoy talking to the guys. Most of the guys I talk to at Double-A ball and up, have the capability, or “the stuff,” to be in the major leagues, they’re just mentally not tough enough. I try to help them focus out on the mound so they an be mentally tough. Then, also to learn to leave the emotion on the mound so they an be the best person they can be away from baseball. When you take your job seriously, it just means you care. When all else fails,I try to motivate them www.intownmag.com 17
HOUSTON RENOVATOR
NEW Kitchen
IDEAS What is Transitional?
by Ashley Scherch and Cheryl Carpenter 18
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What is Transitional? This question has the same answer as the question, “What is Love?” It means many different things to many different people. It is the grey area between traditional and contemporary. It is defined by the person who is using the word. When clients express their desire for a “transitional” space, they often use the term because they want a change from what they are currently living with or because they are trying to compromise with another person’s style. I find the best way to determine what is “transitional” to them by determining what they see as contemporary or traditional. If they see a raised paneled door and oil rubbed bronze hardware as traditional, and a slab door with chrome hardware as contemporary; I suggest a recessed panel door and brushed nickel hardware as transitional. If traditional is detailed, decorated, and distressed, and contemporary is minimalistic, sleek, and linear; then transitional is simple and clean with subtle details. There are endless ways to make a space transitional. One can use a combination of a contemporary door style with antique hardware, a traditional stain finish with contemporary countertop material, a contemporary textured, laminate cabinet door with a traditional travertine backsplash, or a traditional wood cabinet with stainless steel, professional appliances. Often times clients who say they want a traditional space or contemporary space realize they really fit into the broad transitional category. Maybe the better question is what isn’t transitional?
2418 West Alabama Houston, Tx 77098 713-942-9001 12600 Hill Country Blvd Suite R-140 Bee Cave, Tx 78738 512-454-8603 Cita Resort Interiors 129 N. Alister Port Aransas, Tx 78373 361-749-2711 FURNITURE LIGHTING
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UPHOLSTERY ACCESSORIES
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Poggenpohl
Choosy, Choosy, Choosy. Choose the furniture. Choose the fabric. Choose The Frog At Home. 2427 Westheimer Houston, 713.840.0844 2415 Westheimer Houston, 713.909.2897 2701 Broadway at 27th Street Galveston Island, 409.762.3764
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frogathome.com • Browse our catalog • Choose your furniture • Plan your space
Transitional kitchens include elements of both traditional and contemporary design mixed together to form a balance of harmony and simplicity. This Houston home, built for a couple from Spain is a traditional hacienda style but in the kitchen they have focused on the fundamentals of cooking and entertaining. Highlighting the nature of the materials, a flat simple full overlay door that is unadorned with very sleek contemporary aluminum cabinet pulls, is more modern. The architecture of the home itself is more traditional and has beautiful details and exposed beams. For the cooking task the client chose the stainless range top and hood, although thought by many as being more modern, it feels traditional in this space due to their oversized commercial scale. Also kept simple are the countertops and backsplash. The island is more traditional due to the craftsman details in its design and construction. (Marsh Oak Poggenpohl cabinets, range top and hood by Wolf) 20
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The
BUZZ by Roseann Rogers
Alton LaDay, Claudia Schmuckli and Jonathon Glus Anthony Schumate and Judy Nyquist Kristopher and Christiane Stuart
TONY FEHER OPENING RECEPTION AND AFTER PARTY Housotnians are in a “Feher” Frenzy! A crowd of approximately 400 flocked to the opening of American sculptor Tony Feher’s 25-year survey at the newly-renovated Blaffer Art Museum.
Hiram Butler, Trina Gordon, Mark Diker and Chris D’Amelio
Photo by Kim Coffman
Josh Pazda and Chris Goins
Virginia Lee Smith and Joseph Montgomery
Tony Feher and Lynne McCabe
The Friends of the Stehlin Foundation and Young Texans Against Cancer hosted a fun-filled 80’s themed party for young professionals at Joystix Classic Games and Pinball. Guests enjoyed old school video games, pool tables, air hockey and of course, pinball machines while listening to music on a classic jukebox. Photo Credit: John Lewis
Bobby Anderson, Doug Coil
Gabby Patout, Lori Taubert
Stephanie Fruge, Liz Keenan
Sean Joseph, Sara Gordy
FINANCIAL FOCUS
Retirement Standard Lifestyle Review Will I spend more, less or the same when I retire? People usually assume they’ll spend less, not more, in retirement. For many, retiree expenses will go up especially in the early active years of retirement. Since each person’s retirement is unique, there really is no rule of thumb to estimate expenses. That is why it is so critical to plain ahead.
Q. Which expenses go down and which go up in retirement? A.
Spending can vary, but generally, these expenses decline:
• • • •
Commuting costs drop. Work clothing expenditures fall. Taxes may decrease. Contributions to savings and retirement accounts.
On the other hand, these expenditures should rise:
• • • •
Travel expenses increase to take advantage of flexibility. Leisure spending rises. Medical expenses escalate as you age. Food prices will likely grow due to demand.
Retirees who plan the most for retirement before they actually retire are less likely to be surprised by their retirement expenses. The key is having an understanding of the kind of retirement you envision and recognizing what’s essential and what’s discretionary. 22
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Q. How can I get a handle on my expenses? A. It’s best to establish a benchmark of your expenses as you
approach retirement. Create a baseline by reviewing your credit card, debit card and bank statements for a one-year period. Determine which expenses will continue in retirement and further break down those expenditures into various spending categories such as needs, wants and wishes. This will give you a perspective on your preretirement lifestyle and a picture as to how your money may be spent in retirement.
Three Stages of Retirement
Spending fluctuates in each phase of life including retirement. For many people there are three stages to retirement, these each lasting approximately a decade: Go-Go: In y this initial stage, you’re healthy and fit, you may see an initial spike in spending as you have more time to do things you currently enjoy and satisfy pent-up urges to travel. After the early spurt, spending for many settles down. Slow-Go: During the second decade of retirement, many retirees stay close to home and spend that time connecting with family and friends. This is usually by choice, rather than because of physical limitations and spending decade. No-Go: In the third decade, many retirees see health-related expenses rise as they begin to need greater assistance with certain daily activities and maintaining their health. Your cost for these services will depend on how you’ve planned for this stage of retirement.
Q. Are there expenses I haven’t considered? A. Healthcare expenses are the wildcard, as Medicare only covers about 50 percent of your costs. Beyond that, other major unexpected costs could include financial support for your children or grandchildren, long-term care costs and repairs to your home.
Talk To Us
Thinking about the lifestyle you’ve led and the one you envision in retirement is an important first step towards understanding how much money you’ll need once you stop working. We can analyze your expenses into the discretionary and the essential, and help you work toward the number you’ll need to have the retirement you deserve. Tax laws are complex and subject to change. Morgan Stanley Smith (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors do not provide tax or legal advice and are not “fiduciaries” (under ERISA, the Internal Revenue Code or otherwise) with respect to the services or activities described herein except as otherwise agreed to in writing by Morgan Stanley. This material was not intended or written to be used for the purpose of avoiding tax penalties that may be imposed on the taxpayer. Individuals are urged to consult their tax or legal advisors before establishing a retirement plan and to understand the tax, ERISA and related consequences of any investments made under such plan. Patrick H Lesley Financial Advisor| Investment Management Consultant Phone: (713) 968-3017, Email: patrick.lesley@mssb.com Mail Address: 2200 West Loop South Suite 100 , Houston, TX77027
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FINANCIAL FOCUS
Evans Attwell
Senior Vice President, Private Banking Frost Bank, River Oaks
Putting your financial house in order for 2013 “Get fit.” “Spend more time with the family.” “Learn something new.” When the calendar turns over from December 31 to January 1, our thoughts naturally turn to a fresh start and opportunities to make the most of a brand new year.
That makes the end of the year a good time to put your financial house in order for the year ahead. Managing your financial life is really a year-round undertaking, but the end of the year is the ideal time to review, reassess and readjust your financial plans and activities. Consider these opportunities to get 2013 off to a strong financial start. Get organized, if you haven’t done so already. Choose or create a document management system that works best for your needs, whether it is paper-based, electronic or a combination of both. Include bills, receipts, statements, family and personal records, insurance policies, financial account information, and legal documents. Your accountant can advise you about how long to keep various types of financial records. Purge files you no longer need and shred old, unnecessary paper documents to protect yourself from identity theft. 24
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Make sure someone you trust knows how to access your documents, accounts and information, in case you are unable to do so for yourself. Review wills, trusts, insurance policies and financial accounts. Update if necessary. Life happens. Births, adoptions, marriages, divorces, deaths and more can change your circumstances-and your intentions. Take some time to reread your financial documents, including those related to estate planning, investments, insurance and banking, to determine whether or not they need updating. Then, if necessary, contact your wealth advisor, banker, insurer and attorney to ensure your financial documents and accounts reflect your life events of 2012 and carry your wishes into 2013. Evaluate and, if necessary, rebalance your investment portfolio. Like a tuneup for your car, reviewing and rebalancing your portfolio periodically keeps it working
to stay safe. Grow over time. And be managed with prudence. A bank, after all, shouldn’t be a risky place for your funds. You work hard for your money. We believe your bank should, too.
frostbank.com/switch River Oaks (713) 388-1059 2443 Westheimer Houston, TX 77098
efficiently with an acceptable level of risk. Work with your wealth advisor to restore your desired balance of assets. Sell securities that have significantly appreciated or consistently under performed. Replace them with investments that round out the appropriate asset mix for your objectives, time horizon and risk tolerance. Check your credit report. Each of the three major consumer credit bureaus - Experian, TransUnion and Equifax - is required to provide you one free copy of your credit report each year. You may order all three reports at once or, as many financial experts suggest, stagger your requests throughout the year so you get a credit report every four months.
Monitor these reports for any unauthorized activity. If you find an account that you did not open on any of the reports, contact the appropriate creditor directly. Request your free credit reports online at www.annualcreditreport.com or by phone at 877-322-8228. Evans is a Frost private banker with more than 25 years of banking and corporate finance experience. Contact Evans at 713.388.1367 or evans.attwell@frostbank.com. www.intownmag.com 25
Arts & Entertainment
Don’t miss The Texas Renaissance Festival is the Nation’s largest and most acclaimed Renaissance theme park where the sights, sounds, tastes and beauty of the 16th Century come alive for eight magically-themed weekends. www.texrenfest.com
Museums Museum Of Fine Arts
Ongoing Map of the Ten Thousand Countries of the EarthOngoing through 1/24 Matteo Ricci’s oldest surviving map to provide Chinese a larger view of the Earth Ongoing - January 27 Scandinavian Design Glass, ceramics, metalwork, and lighting from the 1920’s to the 1970’s. Ongoing - November 25 There is no archive in which nothing gets lost Three videos explore relationships formed based on past events.
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Ongoing - January 6, 2013 Constructed Dialogue - Concrete, Geometric, and Kinetic Art from the Latin American Art Collection Ongoing - - January 20, 2013 Visions of Fancy: George Romney, 18th Century Paintings and drawings Ongoing - January 1, 2013 W. Eugene Smith and James Nachtwey - Documentations of medical practices Ongoing - January 13, 2013- Henry Ossawa Tanner: Modern Spirit- Twelve paintings and his only two known sculptures Upcoming War Photography: Image of Armed Conflict and Its Aftermath 11/11 through 2/3 Ewan Gibbs: Arlington National Cemetery 11/11
through 2/10 British artist Ewan Gibbs re-creates photographic imagery to drawings Masterpieces from the Prado 12/16 through 3/31
Contemporary Arts Museum
JJane Alexander; Surveys (From the Cape of Good Hope) Ongoing - through November 4 The artist explores the borders between humans and other forms of animal life through sculptures,and photo montages. Perspectives 180-Unfinished Country: New Video from China 11/2 through 2/17 Your Land/My Land; Election ‘12 Ongoing through 11/11 An installation by artist Jonathan Horowitz coinciding with the
presidential election season staged simultaneously at art museums across the US. Radical Performance: Black Performance in Contemporary Art 11/17-2/15 beginning with the “happenings” of the early 1960’s, this exhibition is organized by Senior Curator Valerie Cassel Oliver
Holocaust Museum
Ongoing - December 31- We will Never Forget: Selected works from Max Brenner, Miriam Brysk and Paul E. Yarden Ongoing - March 3, 2013 Inheritance: Stories of Memory and Discovery Ongoing - March 3, 2013 Blood Memory: A View from the Second Generation
Dear John & Dominique: Letters and Drawings from the Menil Archives Ongoing – January 6, 2013 This exhibition commemorates the Menil’s 25th anniversary. It celebrates the founders of the Menil Collection, John and Dominique de Menil, through the words and images in the letters and drawings sent to them by their friends: artists, curators, museum directors, architects, family members and intellectuals. Claes Oldenburg: Strange Eggs Ongoing – February 3, 2013 The Strange Eggs are a remarkable group of collages by American artist Claes Oldenburg (b. 1929). Completed over the course of two years after he moved to New York City from Chicago in 1956, they constitute some of the artist’s earliest known works and represent a pivotal moment of experimentation by Oldenburg. The Progress of Love 12/2-3/17
Houston Museum Of Natural Science
Paleontology- 2012 Year of the Dinosaur New football size hall Gemstone Carvings: The Masterworks Of Harold Van Pelt Ongoing - March 31, 2013 Prophecy Becomes History Ongoing - March 31, 2013 Gems of the Medici
Asia Society Texas
Upcoming Exhibitions Portraiture Now: Asian American Portraits of Encounter 11/9-4/14 Kip Fulbeck: part asian 100% hapa 11/9-4/14
Arts & Events A. D. Players Theater
Sander Family Christmas 11/21-12/31 Bunnicula Ongoing-11/10
Houston Grand Opera The Italian Girl in Algiers Ongoing through 11/11 La beh`eme Ongoing through 11/10
Main Street Theatre
Wiley and the Hairy Man 11/2-4 Girls Only-The Secret Comedy of Women Ongoing-12/21
Broadway Across America
Les Miserables 11/6-11/11
Theatre Under The Stars Peter Pan 12/11-23
Toyota Center
Andrea Bocelli 11/28 Rush 12/2 Trans-Siberian Orchestra 12/21
Houston Symphony
Tchaikovsky’s Fifth Symphony 11/1, 11/3, 11/4 Beethoven & Liszt 11/16-18 Schuman Plus Bruckner’s 6th 12/1-2
November 9, 2012 – April 14, 2013
Sports Ice at The Galleria
Now enrolling for Super Mites and fall learn to skate take out summer reference M-T 10am -5pm 6:30pm -10pm F 10am-10pm Sat. 12:30am-10pm Sun. 1pm -8pm Junior Hockey Camp Organized by the Japanese American National Museum
Beginner Learn How to Skate and Intermediate Classes www.iceatthegalleria.com For more info call 713-621-1500
Reliant Stadium 11/04 Buffalo Bills 11/18 Jacksonville Jaguars 12/16 Indianapolis Colts 12/23 Minnesota Vikings
Houston Aeroes Hockey Nov. 4 - Grand Rapids, 5:05 pm CST Nov. 8 - Toronto, 7:05 pm CST Nov. 9 - Lake Erie, 7:05 pm CST Nov. 11 - Texas, 5:05 pm CST Nov. 18 - Rockford, 7:05 pm CST Nov. 25 - Abbotsford, 5:05 pm CST Nov. 29 - Oklahoma City, 7:05 pm CST Nov. 30 - Oklahoma City, 7:05 pm CST Dec. 9 - Peoria, 5:05 pm CST Dec. 11 - San Antonio, 11:05 am CST Dec. 16 - Oklahoma City, 5:05 pm CST Dec. 26 - Texas, 7:05 pm CST Dec. 28 - Charlotte, 7:05 pm CST
Houston Rockets NOVEMBER Sat 3 vs Portland Wed 7 vs Denver Sat 10 vs Detroit Mon 12 vs Miami Wed 14 vs New Orleans Wed 21 vs Chicago Fri 23 vs New York Tue 27 vs Toronto
DECEMBER Sat 1 vs Utah Tue 4 vs L.A. Lakers Sat 8 vs Dallas Mon 10 vs San Antonio Wed 12 vs Washington Fri 14 vs Boston Wed 19 vs Philadelphia Sat 22 vs Memphis Sat 29 vs Oklahoma City Mon 31 vs Atlanta
Photo by Kip Fulbeck, 2006
PORTRAITURE NOW
The Menil Collection
asian american portraits of encounter november 9, 2012 – april 14, 2013
Organized by the Smithsonian's National Portrait Gallery and the Smithsonian Asian Pacific American Program Shimomura Crossing the Delaware (detail), by Roger Shimomura, acrylic on canvas, 2010. National Portrait Gallery, Smithsonian Institution; acquired through the generosity of Raymond L. Ocampo Jr., Sandra Olesky Ocampo, and Robert P. Ocampo
Asia Society Texas Center 1370 Southmore Boulevard Houston, TX 77004 (713) 496-9901 asiasociety.org/texas
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The
BUZZ by Roseann Rogers
Beverly Abbey and Diane Lokey Farb
THE BAYOU PRESERVATION ASSOCIATION ENTHUSIAST BROKE OUT THEIR HULA SKIRTS AND COCONUT TOPS FOR THE ANNUAL LEI’D ON THE BAYOU FUNDRAISING EVENT AT THE INTOWN HOME OF CLAYTON AND SHEL ERIKSON. Clayton and Shel Erikson, Susan and Dick Hansen
Lynn and Ty Kelly
Photo Credit: Jenny Antill
ATRIUM READY TO WEAR RECENTLY PARTNERED WITH JIMMY CHOO TO HOST A WINTER 2012 COLLECTION LAUNCH EVENT BENEFITING HEROES OF CHILDREN. Houston fashionistas were greeted with a glass of bubbly and hors d’ oeuvres by A Fare Extraordinaire. Ten percent of the event sales when to Heroes of Children to provide financial and social assistance to families in Texas, with children battling cancer. Photo Credit: Daniel Ortiz Carrie Evans, Alissa Maples and Kalie Sanders Karina Barbieri
Mercedes Pilegge and Nadine Boutrous
Monica Bickers, Faith Majours and Luvi Wheelock
Michelle Vera-Priest, Donna Marie Jendritza and Heather Domingue
3841 Bellaire Blvd. . Houston . 713-668-5000 Hours: Mon. - Sat. 10-6 Thu. 10-7 www.iwmarks.com
Awards For Excellence __________________ Winner of Distinction 2012