FALL | 2018
L I V I N G B E T T E R A F T E R 5 5 I N N O RT H E R N M I C H I G A N INSIDE: TE
TA 2018 ESNCIAL & FINA ICES SERV
NOW ED-TO-K THE NE A SECURE FOR MENT RETIRE
FIND YOUR ACTIVE PLACE! MEET SARA COCKRELL 60+ CANCER SURVIVOR, RUNNER, SKIER AND MORE VOLUNTEER DO GOOD, FEEL GOOD GET FIT TIPS FOR ANY AGE BACK PAIN? ADVICE FROM THE BACK WHISPERER SAFETY FIRST THE LATEST (AND BEST) 911 ALERT SYSTEMS
THE NEW TAX LAWS DOES ESTATE PLANNING WITH TRUSTS STILL MAKE SENSE?
WHAT TO KNOW ABOUT CHARITABLE GIVING
Experience Peacefulness
Most of our residents discover us through referrals ... tell a friend.
Voted #1 Senior Community 5 Years Celebrating 17 Years of Service
Independant Living 231-995-9385 & Assisted Living 231-932-9757 3850 Scenic Ridge, off Silver Lake Road Traverse City MI 49684 TTY #800-649-3777 www.villageatbayridge.com
INSPIRED LIFE
WELCOME TO INSPIRED LIFE. At the heart of this magazine: the idea that at every age, we share a common love of this place we call home. Meet new neighbors embracing adventures—both big and small. Find real advice for taking good care of the assets and places we hold dear. Tap into a true joy for the outdoors that keeps our inner lives vibrant and our bodies well. Connect. Join in. Find smart and new ways to inspire your life Up North. —the Editors
ADVERTISER DIRECTORY 4Front Credit Union................................................................................................. EFS22 9&10 News.........................................................................................................................16 Active Brace and Limb....................................................................................................12 Addiction Treatment Services.......................................................................................16 Boardman Lake Glens......................................................................................................16 Carlyon Family Wealth Management/Raymond James.................................. EFS22 Cedar Run Eye Center........................................................................ Inside Back Cover Covell Funeral Homes.............................................................................................. EFS29 Culver Meadows................................................................................................................ 4 Danbrook Adams Raymond...................................................................................EFS30 Edward Jones............................................................................................................. EFS26 Fit For You...........................................................................................................................12 FOR Investment Partners....................................................................................... EFS24 FYZICAL Therapy & Balance Centers........................................................................... 4 Great Lakes Orthopaedic Center................................................................................... 4 Grand Traverse Community Foundation............................................................. EFS28 Grand Traverse Pavilions - Wellness Center............................................................... 8 Grand Traverse Regional Land Conservancy.....................................................EFS30 Grand Traverse Resort and Spa.......................................................................................2 Greenleaf Trust...........................................................................................................EFS18 Hearing Solutions of Northwest Michigan.................................................................. 6 Horizon Financial...................................................................................................... EFS34 Hospice of Michigan........................................................................................................ 13 Jordan Balkema Elder Law Center................................................................................. 8 Kuhn Rogers PLC....................................................................................................... EFS28 Martinson Funeral Home................................................................................................12 Merrill Lynch..............................................................................................................EFS20 Monarch Home Health Services.................................................................................... 4 Munson Healthcare .......................................................................................Back Cover NMC Extended Education..............................................................................................12 Old Mission Investment and Trust....................................................................... EFS23 Perry Farm Village............................................................................................................16 Reynolds Jonkhoff Funeral Home..............................................................8 and EFS27 Swenson Memorials........................................................................................................14 The Center for Plastic Surgery & Skin Care...............................................................14 The November Network - Real Estate One................................................................14 The Village At Bay Ridge..................................................................Inside Front Cover Wells Fargo.................................................................................................................EFS33
CONTENTS
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36
7
40
11
43
10
44
A NORTHERN NEIGHBOR: SARA COCKRELL
A NORTHERN NEIGHBOR: MARY REED
FREE EXERCISE CLASSES FOR CANCER PATIENTS
WHY TRY TAI CHI?
KEEPERS OF THE APPLE KINGDOM
A GREAT REASON TO QUIT DRINKING POP
BRINGING HEALTHY BACK
BEACH WALKS FOR YOUR HEALTH
13
PLUS
LATEST EMERGENCY RESPONSE SYSTEMS
ESTATE & FINANCIAL SERVICES (Following page 16).
15
RECIPE: GAZPACHO
35
GRANDPARENT ADVENTURE TRIPS
MyNorth Inspired Life is produced by MyNorthMedia. Advertising and editorial offices at: 125 Park St., Suite 155, Traverse City, MI 49684. 231.941.8174, MyNorth.com. All rights reserved. Copyright 2018, Prism Publications Inc. Reproduction in whole or in part without permission is prohibited.
MyNorth INSPIRED LIFE | FALL 2018
1
GRAND TRAVERSE RESORT AND SPA
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GET UP AND GO WITH 7 WAYS TO PLAY AT THE CLUB
Enjoy seven ways to play as a member at Traverse City’s most inclusive health and fitness club. Several packages are available for a variety of budgets and interests, including our Bear Membership which provides VIP privileges and discounts throughout our property. Join as a new Bear Member and receive a Resort welcome package valued at over $200.
231-534-6586 | grandtraverseresort.com Owned and Operated by the Grand Traverse Band of Ottawa and Chippewa Indians
INSPIRED LIFE
A NORTHERN NEIGHBOR
Sara Cockrell
COURTESY OF SARA COCKRELL
BY GREG TASKER
See if you can catch Sara Cockrell. When she’s not hiking, biking or paddling at one of her favorite spots with friends in northwest Michigan, she’s likely traveling the world—hut-to-hut hiking in Iceland, backcountry skiing in Colorado, or trekking along famous Western trails, to name just a few of her adventures. “I love being outside,” says the Interlochen resident, who belongs to several area outdoor recreation clubs, including Cherry Capital Cycling Club and the Grand Traverse Hiking Club. “In the spring and fall, when I’m here, I bike, canoe, hike and enjoy my friends.” Her latest big trip this summer is a backpacking excursion along a 400-mile stretch of the Pacific Crest Trail in Washington state with friends. “I really haven’t backpacked in the last few years and I’ve mostly been hut-to-hut hiking. You don’t want to overdo it,” she says. Her world travels have taken her to a slew of countries, including Norway, New Zealand, Switzerland, Corsica, France, and Chile. Sometimes the adventures have been unexpected, like the time she and her friends were stranded for hours in a gondola nearly 12,500 feet above a glacier between the French and Italian Alps. “We used our ropes and harnesses and we rappelled down the glacier in the middle of the night and walked about 45 minutes with a guide to get out,” she recalls, noting attempts to helicopter-rescue tourists became problematic because of the weather. Some 30 people remained stuck in the gondolas overnight. “Good thing we had our hiking boots.” Despite her frenzied schedule, Cockrell, a cancer survivor, concedes she wasn’t always so athletic.4
MyNorth INSPIRED LIFE | FALL 2018
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INSPIRED LIFE
A DIY TRIATHLON Maybe not a typical day, but here is one of Sara's favorite itineraries. 9 A.M. - NOON Road bike the Tour de Empire, 35-45 miles 2 P.M. - 4 P.M. Hike the 5.6-mile Brown Bridge Quiet Area loop 5 P.M. - 9 P.M. Paddle the Boardman, eight miles, from The Forks to Brown Bridge Landing
SARA'S GREAT OUTDOORS A few of her local haunts for keeping fit. MANISTEE RIVER TRAIL (for hiking)
COURTESY OF SARA COCKRELL
STURGEON RIVER (from Wolverine to Indian River, for paddling) TORCH LAKE (for biking around the water) PIERCE STOCKING SCENIC DRIVE (in the Sleeping Bear Dunes National Lakeshore and closed to cars in the winter, for cross-country skiing)
She grew up in Dallas where she occasionally waterskied or rode horses. Sometimes there was downhill skiing in Colorado. Married for a short time, she and her husband moved to Traverse City in 1986, where they ran a small business. For a long stretch, she jumped into the world of racing—in cross-country skiing, mountain biking and paddling, mostly in Northern Michigan. She’s done all the big races, including the Iceman Cometh Challenge, a well-known 30-mile mountain bike race from Kalkaska to Traverse City, and the Au Sable River Canoe Marathon, an annual 120-mile canoe race from Grayling to Oscoda. She never finished the latter, and although disappointed, she has no plans to make another attempt. “I don’t want to train anymore or go somewhere I don’t want to go or be out in bad weather,” she says. “I don’t like 40-degree rain. I don’t enjoy being out in that kind of weather.” Although she is not as fit as during her racing days, she’s in good health. She eats right and gets plenty of sleep. Her life remains active, with a calendar stuffed with outdoor activities (see sidebars!). The rewards for being outdoors, she says, are innumerable. “What you get in return is so worthwhile,” she says, conceding she often returns home exhausted after a day filled with outdoor pursuits. “It’s so rewarding to be out and share a day with friends in beautiful surroundings.” MyNorth INSPIRED LIFE | FALL 2018
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What makes hearing aid use successful? 1. Good Technology. Investing in good hearing aid technology that meets the needs of both your hearing loss and your lifestyle will directly influence your overall satisfaction and how well you hear with and enjoy your hearing aids for years to come. As with most forms of technology, hearing aid technology has changed dramatically over the past few years. Today’s hearing aids can connect wirelessly to most smartphones, can charge overnight while you sleep, can reduce wind noise while enjoying outdoor activities, or can be customized in a tiny titanium shell to be placed inconspicuously in the ear canal and never to be seen. What options are important to you? Most people wear a given set of hearing aids for years, so it is important to think about where you want to and need to hear better. Are you in restaurants frequently? Spend a great deal of time outdoors? What will help you to communicate better and will meet the needs of your lifestyle?
Dr. Sandy Leahy and Dr. Kathleen Sawhill
2. Your Audiologist. Amplification is only part of the solution. When a patient seeks our help, it is not to “buy a hearing aid.” Our professional help is sought to help people hear and communicate better. While most often this process includes the use of hearing aids, it may also include other assistive listening devices, counseling regarding communication strategies and coping mechanisms.
3241 Racquet Club Dr., Suite B Traverse City, Michigan 49684 231-922-1500
Hearing loss is a medical condition that is best treated by a professional. Without the appropriate follow-up care, counseling and support, the satisfaction level of hearing aid fittings decreases. The hearing aid technology that you choose is important, but the relationship that your have with your Audiologist is also directly related to your overall hearing aid success.
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Working with an Audiologist to discuss your needs with a “Lifestyle Needs Assessment” will assist in making sure that the correct product is chosen for you. There is no one hearing aid that works for everyone and therefore choosing the best hearing aid technology to meet your needs is key to your success.
3. YOU! That’s right. In this three-piece puzzle, you, the patient, are the biggest factor in determining success with hearing aids. Motivation is key. If you recognize that your hearing loss is negatively impacting your communication with others and are ready to commit to the process of improving that communication, amplification will be successful. It takes patience and time to adjust to better hearing, but through a commitment of consistent hearing aid use and realistic expectations, new hearing aids may offer the improved communication that you desire to live your best life. If you or someone you know is ready to improve hearing and communication, please contact us at 231-922-1500. We look forward to assisting you on your journey to better hearing.
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INSPIRED LIFE
Journey Program Offers Free Exercise Class For Cancer Patients
KATHRYN DAVIS
BY CARLY SIMPSON & SHAPE UP NORTH
The Journey Program™ is a free 10week exercise program with classes in Traverse City and Frankfort. Participants do strength training, balance training, cardio, postural retraining, back and shoulder exercises, and core workouts. “There are studies out that say exercise during recovery can reduce recurrence of cancer and death,” says Annemarie Wigton, personal trainer and co-founder of the Journey Program. Annemarie and Jean Mahoney started the Journey Program in 2009. “We want to give people confidence,” Annemarie says. “People going through cancer have had a lot of changes in their lives. By improving their strength and stamina we hope they have better independence in their home life and back at work. Just learning to trust their bodies again—it’s tough after what they’ve been through.” Jean was diagnosed with breast cancer in 2008. During her recovery, she went through a similar exercise program. When her instructor left the Traverse City area, Jean knew she had to start her own program. “There’s nothing else out there that addresses this drop from being a cancer patient to going back to a normal life,” she says. “There’s no bridge there. Doctors work really hard at treating the patient, but there’s this disconnect from the end of
treatment and the expectation of returning to normal living, so that’s where we come in.” Cancer and treatments cause a range of side effects from swelling, joint pain and balance issues to depression and nausea. Because cancer affects everyone differently, the Journey Program works with individuals at their level. “We have people who are struggling to stand, and we have people who have worked out every day until the day of their diagnosis and continue to workout,” Jean says. The Journey Program is offered four times a year. The Traverse City classes are held at Anytime Fitness located at 4000 Eastern Sky Drive and are sponsored by Anytime Fitness of Traverse City and Fyzical Therapy and Balance Center of Traverse City. Frankfort classes are held at and sponsored by the Betsie Hosick Health and Fitness Center at 102 Airport Rd. Classes will be offered this fall at Body Balance in Suttons Bay. Registration for classes is always open and reserves a spot in the next available class. A doctor’s note is required. Exercising improves participants’ strength, stamina, range of motion, balance, posture and sleeping patterns. Many participants start to experience a decrease in pain and fatigue within the first two or three weeks of the program. At the end of the 10 weeks, they’ll begin
to notice physical changes. “After the program, they’re very much just beginning to see changes so our big thing is, ‘don’t stop now,’” Jean says. Annemarie and Jean work with participants to set short and long term goals like completing a 5K or going golfing, and help them make a workout calendar. “Our goal is wherever they’re going after the 10 weeks—if they’re going to work out at home or at the gym— they’re comfortable,” Jean says. “They can continue exercising anywhere.” During the last 10 minutes of every class, the group stops for discussions about different struggles and connects them to appropriate resources. “We’re not your traditional support group,” Annemarie says. “We’re really positive. Everyone who is here wants to be here to actively do something about their situation.” In addition to the Journey Program, Annemarie and Jean also offer other classes for cancer patients and survivors. For more information: journeyprogramtc.com.
Shape Up North is a community collaboration dedicated to helping Northern Michigan residents benefit from healthy eating habits and an active lifestyle. shapeupnorth.com
MyNorth INSPIRED LIFE | FALL 2018
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INSPIRED LIFE
Want to Lose Abdominal Weight? Quit Drinking Pop BY COURTNEY JEROME & SHAPE UP NORTH
Are you looking for a way to lose abdominal fat? Patrick Friedli, MD, the medical director of Munson’s Healthy Weight Center, may have one of the simplest ways to shed a few pounds: Eliminate sugary beverages from your diet. Yes, that means you should quit drinking pop. “Time and time again, if I can convince someone to give up pop or sugar-sweetened beverages, they drop weight,” Dr. Friedli says. A typical 12-ounce can of pop contains the equivalent of nine sugar packets—just like the type of packets you put in your morning coffee. And a 20-ounce bottle contains close to 17 sugar packets. That’s a lot of sugar in a serving that can impact your waistline quickly. To explain the process of how drinking sugar leads to an increase in waistline, Dr. Friedli likes to use a clock metaphor. Imagine that 12 o’clock represents when you intake sugar. By 3 o’clock, you have a spike in insulin. Insulin’s job is to regulate body sugar. If you’re not physically active, your muscles don’t need the sugar so it’s delivered to your liver, and the remaining sugar goes to belly fat. When this belly fat accumulates sugar, 6 o’clock represents insulin resistance, or Type 2 Diabetes. “This has a lot to do with abdominal circumference,” Dr. Friedli says. “When it comes to our waist size, the so-called ‘beer belly’ can be renamed ‘sugar belly’ or ‘extra carbohydrate belly.’ When we consume
more carbohydrates than we can burn, the insulin is going to dump it to where it’s easiest—which is belly fat.” Abdominal circumference is part of what the Healthy Weight Center measures in their healthy weight program. A circumference above 40 inches for men and 35 inches for women is considered high risk for Type 2 Diabetes or insulin resistance. Back to the clock metaphor, when we accumulate too much abdominal fat—also known as visceral fat—we look at 9 o’clock. Visceral fat sends signals to our brain to make us hungrier and we crave what started the whole process to begin with—sugar. We’re now back to 12 o’clock, consuming more sugar. In addition to pop, juice can also spike insulin and cause weight gain. While there are vitamins in juice, these vitamins don’t outweigh the negative effects of drinking too much sugar. So how can you quit drinking sugar? Well, it’s certainly not by switching over to diet sodas. “There’s no benefit to diet soda,” Dr. Friedli says. “It’s terrible. It adds to your cravings.” If you are contemplating making the switch, Dr. Friedli recommends a rewards system to act as a diversion and making sure your environment encourages this change. “If pop is in the environment, relapse rates are high, similar to quitting smoking—if you see it, you’re more likely to relapse. Out of sight, out of mind would be essential.”
While making a lifestyle change, Dr. Friedli also recommends keeping his “75210 Zip Code for Health” in mind. 7: How many breakfasts a week you should be eating. Preferably not high-sugar cereal, but foods with more protein. 5: Number of vegetables and/or fruit you should eat per day. 2: Two hours or less of screen time a day (your job and homework don’t count; video games, movies, etc. do). 1: One hour or more of physical activity a day (the hour can be counted in increments, and activities like gardening count). 0: Zero sugary drinks each day. “I think there are a lot of popular diet fads out there. Most diets will fail if they’re too restrictive, but in this case, sugary drinks are something that don’t provide any benefit to our nutrition. We need to eat. We need fuel and carbohydrates—but they need to be the right kinds, preferably veggies and fruit. “Avoid sugary drinks at all costs to avoid spiking insulin and weight gain. It’s all about the insulin.”
Shape Up North is a community collaboration dedicated to helping Northern Michigan residents benefit from healthy eating habits and an active lifestyle. shapeupnorth.com
MyNorth INSPIRED LIFE | FALL 2018
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BRINGING HEALTHY BACK Protect and care for your core and spine with these wise tips from T.C.’s back whisperer. BY GREG TASKER
10
MyNorth.com
INSPIRED LIFE
One of the common ailments associated with aging is back pain. People wreak havoc on their back in a number of ways, but these major contributors stand out: Not moving around and remaining flexible and years of wear and tear on our bodies. “I think people get into bad habits,” says Kelly McDonough, director of physical therapy at Dynamics Physical Therapy in Traverse City. “A lot of times we’re just not paying attention to our posture. Our core gets weak over time and everything just starts to weaken as we get older, so we get less flexible.” Too often, people come to Dynamics Physical Therapy for treatment only after they fully realize they can’t do some of the things they used to. Putting on shoes and socks has become difficult. Their back aches when they’re standing for long stretches. Or even doing light housework or standing to do the dishes. Dynamics Physical Therapy offers a full evaluation to determine physical issues and which parts of the body need to be targeted. Therapy can usually correct any issues within four to six weeks and Dynamics will help set up an exercise program to continue when therapy is finished. “You’ll notice a big difference in a short time,” McDonough says, adding exercise will have to continue after therapy ends. “It’s something you’ll have to continue to do to maintain flexibility and prevent re-injury in the future.” While physical therapy is always an option (and recommended for anyone struggling with back pain), McDonough, who has been at Dynamics Physical Therapy for six years, recommends simple exercises and other activities to remain flexible and protect your back.
TRY THESE EXERCISES
Yoga: Staying flexible is a big part of keeping back issues at bay. Yoga is a great activity to stretch muscles. Yoga is accessible to everyone and there are even classes geared toward geriatrics and back work. “You don’t have to start out super flexible in yoga. You can ease yourself into it and the more you do it, the more flexible you become and the stronger the core gets,” she says. Pelvic tilts: Lie on your back with your knees bent. Flatten your back against the floor by tightening your abdomens. Raise your pelvis slightly and hold for several seconds. “All you’re doing is tightening your abs,” she says. “Avoid crunches. They put a lot of stress on the lumbar spine.” TA Contractions: Lie on your back with your back flat against the floor or table. Breathe in and relax your stomach muscles. Then breathe out and draw your belly button to your spine. “This exercise helps strengthen underlying abdominal muscles,” she says. Hip movements: Side step along a counter, march in place or practice getting up and down from a chair. “Strengthening the hips is really important. These are all things you can do around your house,” she says. “You don’t have to have a ton of equipment to strengthen your core. You can use your own body weight and resistance.”
MyNorth INSPIRED LIFE | FALL 2018
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Where Oh Where Has My Balance Gone Now?
F
or years you’ve never thought twice about putting on your pants or your socks in the morning, but then all of a sudden, out of nowhere you find yourself looking for something to hold onto or lean on just to get dressed. Well you are not alone… It seems as we start north of 50, we start losing our balance (amongst many other things). But there is good news!
Senior Balance and Stability. There are some very specific exercises that will help you progress quickly and keep you safe and independent. You will be asking yourself—‘why haven’t I started this sooner?’
Every Tuesday and Thursday at Fit For You Health Club we hold a Give us a call today at 231-9227285 and ask for Michele. class that tackles just that -
INSPIRED LIFE
HEADS UP GRAND TRAVERSE COUNTY! Here’s the latest on emergency response systems. BY GREG TASKER
Cynthia Kienlen, director of the Grand Traverse County Commission on Aging, can recount plenty of instances when a personal emergency response system would have saved an elderly resident’s life or prompted emergency assistance sooner. “Having an alert system can be a matter of life and death,” she says, noting that statistics show that once an elderly person falls, the risk of falling again increases. It’s a sobering idea, for sure, but Kienlen notes personal emergency response systems are available through Grand Traverse county. A sliding fee program is available for residents in need of financial assistance. The fees can be as little as $2 a month, depending on income. For the elderly and their relatives alike, personal alert systems offer a sense of security for those who live alone or have physical limitations. A typical alert system is a unit that can be activated in an emergency situation. Generally, a landline in the home or a cell phone is required. With the press of a button, the 24-hour emergency center can speak with the client and can contact family members or emergency personnel, if needed. “People who are at risk for falls are generally people who should be concerned about having an alert system,” Kienlen says. “Which system works best for you depends on your living conditions and your physical conditions. There is an option for everyone.”
Three systems are available through the county and Guardian Medical Monitoring. The company conducts an annual assessment to monitor each client’s needs. These are the three systems: » Basic Home. This alert system requires a landline. Clients can wear a lightweight pendant on their neck, wrist or belt clip. The pendant has a range of 300 feet. » Home and yard help button. A hands-free, small unit that allows extended coverage up to five acres. It also features a direct connection to the client’s personal caregiver, nurse or family member. » GPS, go anywhere button. This hands-free, personal help button allows clients to travel beyond their home and yard—anywhere. The GPS help button boasts two-way hands-free communication from virtually anywhere and connects directly to the monitoring center. It also has automatic fall detection; if the client doesn’t respond to a call from the center, emergency services are called. “You can go anywhere and have a built-in call center,” Kienlen says. Hundreds of county residents are using the units. To take advantage of the sliding scale fees, prospective clients must be residents of Grand Traverse County and over 60. For more information, visit gtcoa.org.
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Eat to Your Health Try late summer tomatoes in a fresh, refreshing soup. BY EMILY TYRA A ripe tomato is a food marvel for its health benefits alone. It’s their redness we have to thank, or more specifically, lycopene, the pigment that gives fruits like tomatoes, watermelon, guava, and pink grapefruit their color. Lycopene is in the family of pigments called carotenoids (another famous carotenoid: the beta-carotene that makes carrots orange), which work as antioxidants to protect the body from the free radicals that degrade your organ tissues. Lycopene is one of the most powerful antioxidants in the carotenoid family and it’s especially abundant in tomatoes. Thing is, the human body cannot make carotenoids, so eating them is your only way to reap their benefits. This season plunder your garden or farmers market for some fresh, rosy red tomatoes and blend them into a batch of gazpacho. The chilled soup originated with the Andalucían people on the sweltering southern coast of Spain—they created gazpacho as a refreshing supper you can sip. You’ll be pleased with how quickly you can make a batch with just a sharp kitchen knife and a blender. We think you’ll love the bright, tangy flavor and the sunny orange-red color that gives gazpacho its healthy punch.
TODD ZAWISTOWSKI
HOMEMADE GAZPACHO 6 1 ½ ½ 1 2 1 1 2 2
large tomatoes, peeled and seeded small cucumber, peeled, seeded and chopped yellow pepper, chopped red pepper, chopped small Vidalia onion, chopped cloves garlic, chopped piece of French bread, soaked in a bit of water cup tomato juice tablespoons red wine vinegar tablespoons good-quality olive oil Salt and pepper to taste
Place tomatoes, cucumber, yellow pepper, red pepper, onion and garlic in a blender and add French bread after squeezing out excess water (the bread gives the soup its body). Add tomato juice. Blend briefly or until soup is a thick purée. Pour mixture into a pitcher; add vinegar, olive oil, a dash of salt and pepper and stir well. Chill and serve in mugs or glasses for sipping, if desired. MyNorth INSPIRED LIFE | FALL 2018
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2018
Estate & Financial Services YOUR NORTHERN MICHIGAN GUIDE TO A SECURE FINANCIAL FUTURE
THE NEW TAX LAWS DOES ESTATE PLANNING WITH TRUSTS STILL MAKE SENSE?
WHAT TO KNOW ABOUT CHARITABLE GIVING
A supplement to 17
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PROTECT FAMILY ASSETS FOR GENERATIONS
GET AHEAD OF THE CURVE: SOCIALLY RESPONSIBLE INVESTING
Twenty, and other numbers we’re celebrating! Successful wealth management entails numbers, and Greenleaf Trust has good ones: 20 years in business, $12 billion in assets under advisement, 125 team members, five offices, nearly 20% annualized growth in terms of new assets on an annualized basis, and over 99% client retention. But more than just numbers, wealth management is about our trusted relationships with clients, and helping them align their wants, needs and values with their financial well-being. So, thank you, dear friends and clients, for making these 20 years so rewarding. Happy Birthday to us, and many happy returns to you!
Traverse City 231.778.0050 | Bay Harbor 231.439.5016 | greenleaftrust.com
ESTATE & FINANCIAL SERVICES
NEW TAX LAWS:
What’s Ahead for the Giving Season? George Bearup
“TAX PLANNING IS IMPORTANT BUT [TAX LAWS] ARE CONTROLLED BY CONGRESS. THINGS CAN CHANGE.”
The only sure things in life are death and taxes. But with the ways laws morph, incomes change and deductions come and go, the amount of those taxes is as changeable as anything else. Says George Bearup of Greenleaf Trust, an independent Michiganchartered trust-only bank with offices in Kalamazoo, Birmingham, Traverse City and Petoskey: “Tax planning is important but [tax laws] are controlled by Congress. Things can change.” Can they ever. Last year’s massive tax overhaul left people wondering how to plan for taxes. The good news? For most people, calculating their taxes will be easier than ever before, given the doubling of the standard deduction. The bad news? Many people won’t know whether or not they’ll benefit from using the standard deductions before itemizing all of them. Which brings us to the crux of Bearup’s concern: One of those deductions people total when itemizing is their charitable giving. How will the tax laws impact people’s giving practices? Unless they give a very substantial amount, their donations will not benefit them come tax time. “I sit on the boards of a couple nonprofits. That [how giving is impacted] is a concern,” Bearup says. One strategy that Bearup says he is starting to see is persons holding their giving until they can bundle it, a practice he said is called “bunching.” In other words, if someone typically donates X amount of money to their favorite charity, they might choose to not donate for four years, saving up to donate $4X—and more likely generate a deductible donation. “That strategy seems to be gaining some currency,” says Bearup. One concern he has is how that will affect the operations of nonprofits. Rather than accruing funding on a regular repeating basis, nonprofits will have to plan for lean times and occasional windfalls—rather like the way many businesses operate in Northern Michigan, with a bountiful summer season followed by several months with much lesser income. The challenge there is that businesses know that it will even out over the course of the year, while nonprofits are looking at a years-long cycle. Another question is if people will simply stop giving. Intentions or circumstances may change. Another option for giving, according to Bearup, is a charitable IRA distribution. By donating to a charity from an IRA, that isn’t taxed—in effect, you get a 100 percent deduction. It just looks different. It all goes back to Bearup’s first point: Most people won’t know where they stand tax-wise until they run their numbers both ways, itemizing and filling out the 1040EZ form. And while these unknowns are calculated and made clear to individual donors, the region’s nonprofit organizations wait in the wings. —R.B. MyNorth ESTATE & FINANCIAL SERVICES
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We’re bullish on the future. Yours. The world is changing fast. Technology, politics, demographics—all constantly altering course. All that change represents great opportunities. But it also raises questions. What will the future look like? How can you navigate it? How do you stay ahead? At Merrill Lynch, we’ve been working hard to find answers to those questions— for our clients and for ourselves. To meet the challenge we’ve pioneered a unique, more personal approach to investing: One that puts the interests of our clients first. It starts by being open and transparent about what we do. We’ll explain the services you’ll get and, just as importantly, what you’ll pay for them. It also requires a different method of investing: One that doesn’t focus first on stocks and markets, but on your life and priorities. Through honest conversations, we’ll find out what you want your future to look like, and develop a strategy together to help make it happen. Finally, it’s about flexibility. We’ll keep you supported by industry-leading insights, technology and resources, whenever and however you need them. It’s just a better, more modern way to do business. You don’t meet clients’ future goals by living in the past. So we’re staying focused on the future. Yours.
The Simonton-Walsh-Hanosek-Mangum Wealth Management Group Rick Simonton, CFP®, CIMA®, CPWA® Senior Vice President Wealth Management Advisor Portfolio Manager 231.922.6825 • richard_simonton@ml.com Merrill Lynch 333 West Grandview Parkway Suite 300 Traverse City, MI 49684 231.922.6831 fa.ml.com/theswhmgroup
Investing involves risk including possible loss of principal. Merrill Lynch Wealth Management makes available products and services offered by Merrill Lynch, Pierce, Fenner & Smith Incorporated, a registered broker-dealer and Member SIPC, and other subsidiaries of Bank of America Corporation. Investment products: Are Not FDIC Insured Are Not Bank Guaranteed May Lose Value The Bull Symbol and Merrill Lynch are trademarks of Bank of America Corporation. Certified Financial Planner Board of Standards Inc. owns the certification marks CFP® and CERTIFIED FINANCIAL PLANNER™ in the U.S. Investments & Wealth Institute™ (The Institute) is the owner of the certification marks CIMA® and Certified Investment Management Analyst®, CPWA® and Certified Private Wealth Advisor®. Use of CIMA®, and/or Certified Investment Management Analyst®, CPWA® and/or Certified Private Wealth Advisor® signifies that the user has successfully completed the Institute’s initial and ongoing credentialing requirements for certification. © 2018 Bank of America Corporation. All rights reserved. ARM7C83N | AD-07-18-0282 | 471798PM-0218 | 07/2018
ESTATE & FINANCIAL SERVICES
Kathy Dixon
Eye on Your Retirement Do retirement trust IRAs still make sense? We checked in with Kathy Dixon, vice president and trust officer at Chemical Wealth Management in Traverse City for insights.
The passage of The Tax Cuts and Jobs Act legislation in late 2017 increased the estate tax exemption to $11.2 million per individual. Individuals weighing its impact may be asking themselves if estate planning, which includes trusts, still makes sense. The answer isn’t clear-cut, says Kathy Dixon, vice president and trust officer at Chemical Wealth Management. “It’s complicated by the fact much of an individual’s wealth is often captured in tax-deferred retirement accounts. Since IRAs comprise a significant amount of financial assets for retirees, a retirement trust IRA may be a viable option.” A retirement trust IRA operates as a traditional IRA during the owner’s lifetime, but the account agreement contains trust provisions that govern how the account is managed and distributed after the owner’s death. Dixon continues, “A retirement trust IRA can be used for the IRA’s full account value or just a portion of it. Among the benefits are the ability to perpetuate the growth of the IRA by limiting disbursements and to control who the beneficiaries are, without worrying that those may be changed after the owner’s death.” A retirement trust IRA qualifies for separate accounts treatment. That means
the life expectancy of each beneficiary is used to calculate the minimum required distributions for that individual. For example, says Dixon, if the total amounts were the same, the amount disbursed to a 20-year-old beneficiary would be less per month than to a 50-year-old beneficiary.
“SINCE IRAS COMPRISE A SIGNIFICANT AMOUNT OF FINANCIAL ASSETS FOR RETIREES, A RETIREMENT TRUST IRA MAY BE A VIABLE OPTION.” This type of IRA can limit beneficiary distributions to the minimum required and the IRA owner can authorize the trustee to make discretionary distributions only for the beneficiary’s general support and best interest. The goal, she says, is to preserve the maximum tax-
deferred growth of the IRA by limiting a beneficiary’s ability to accelerate distributions and deplete the funds quickly. Designating appropriate beneficiaries for retirement accounts is an important part of the estate-planning process. A retirement trust IRA provides the ability to designate both the primary beneficiaries and contingent beneficiaries and the IRA owner can be confident the beneficiaries cannot be changed. The original owner may also say the spouse does not have rollover privileges to their own IRA to ensure the contingent beneficiaries are not changed upon the owner’s death. This is a protection if the spouse was to remarry. That protects the contingent beneficiaries from being disinherited, especially if the spouse is from a second marriage. For those who have revocable trusts in place, says Dixon, you can also include retirement trust IRA language in the trust documents. This requires a discussion with an attorney to decide how best to do this on behalf of the estate plan and to ensure proper beneficiary forms are completed. Dixon’s best advice is to periodically reach out to trusted advisors to discuss the estate plan, any new life events, and then make adjustments as needed. —R.B.
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A Family Approach to Financial Advice
A Family Approach to Financial Advice A Family Approach to Financial Advice
rlyon Family Wealth Management, our sole purpose is to serve the multi-generational wealth management needs of duals and families. Our client’s expectations are unique and so is our partnership. We are a multi-advisor team ed on unique investment strategies, comprehensive financial advice and guidance through life events.
At Carlyon Family Wealth Management, our sole purpose is to serve the multi-generational wealth management needs of individuals
ients believe that Financial Planning and Management is about solving for quality of lifeunique and navigating andInvestment families. Our client’s expectations are and so is our partnership. We are a multi-advisor team focused on unique investment Carlyon Family Wealth Management, our sole purpose is to serve the multi-generational wealth management needs of ast of aging well. It is about collaborating with aAt team of professional advisors to become educated and anticipate strategies, comprehensive financial advice and guidance through life events. s to come next in life. individuals and families. Our client’s expectations are unique and so is our partnership. We are a multi-advisor team
At Carlyon Family Wealth Management, our sole purpose is to serve thesolving multi-generational management needs of of aging Our clients believe that Financial Planning and Investment Management is about for quality ofwealth life and navigating the coast in life. Our clients believe that Financial Planning and Investment Management is and about solving for quality life and focused onasunique investment strategies, comprehensive financial advice guidance lifeofevents. story began 40 years like our client’s lives, has transitioned and evolved overthrough time. Combining ournavigating team of specialists ur devotion is to our clients,Our and we treat them over if they were aago, part and of our own family. the coast of aging well. It is about collaborating a team of professional advisors tofor become educated andclients. anticipate unites the disciplined perspectives and fiwith nancial expertise of two generations the benefi t of our Our clients believe that Planning and Investment Management is about solving for quality of life and navigating what’s to come next in Financial life. the coast of aging well. It is about collaborating with a team of professional advisors to become educated and anticipate Out story began overin40 years ago, and like/our client’s lives, /has transitioned and evolved over time. Combining our team what’s to come next life. T 800.946.3650 F 866.522.8745 Carlyonfamily.com / Facebook.com/CarlyonFamilyWealthManagement of specialists unites the disciplined perspectives and financial expertise of two generations for the benefit of our clients. 13818 South West Bay Shore Drive, Traverse City, MI 49684 Out story began over 40 years ago, and like our client’s lives, has transitioned and evolved over time. Combining our team Raymond James & Associates, Inc., Member New York Stock Exchange / SIPC Our devotion to our clients, and we them as if of they a partforoftheour ownoffamily. of specialists unites theisdisciplined perspectives and treat financial expertise twowere generations benefit our clients.
focused on unique strategies, financial advice and guidance through life events. ory began over 40 years ago, and like our client’s lives, has transitioned andinvestment evolved over time. Combiningcomprehensive our team families. client’s are advisors unique and so is oureducated partnership. We are a multi-advisor It is expertise aboutand collaborating with a team ofclients. professional to become and anticipate what’s to cometeam next cialists unites the disciplined perspectiveswell. andindividuals financial of two generationsOur for the benefit ofexpectations our
Our devotion is to our clients, and we treat them as if they were a part of our own family.
T 800.946.3650 / F 866.522.8745 / Carlyonfamily.com / Facebook.com/CarlyonFamilyWealthManagement 13818 South West Bay Shore Drive, Traverse City, MI 49684
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*Non-deposit investment products and services are offered through CUSO Financial Services, L.P. (“CFS”), a registered broker-dealer (Member FINRA/SIPC) and SEC Registered Investment Advisor. Products offered through CFS: are not NCUA/NCUSIF or otherwise federally insured, are not guarantees or obligations of the credit union, and may involve investment risk including possible loss of principal. Investment Representatives are registered through CFS. 4Front Credit Union has contracted with CFS to make non-deposit investment products and services available to credit union members.
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ESTATE & FINANCIAL SERVICES
Keeping wealth the family is a “We want it toinpass easily, to stay in the family, and the noble intention, but creating to bestructure affordable future best to dofor that, is as generations.” much an art as it is science.
Trusts create a valued
5 Toolsstructure of family Cottage Protection Family trusts can last generations
At LJPR, we know that the Family beyond the lives of the original grantors Cottage is a place full of memories and for a significant number of reasons. and timeless traditions. We want each Protections from divorce, continuing the moment you spend at the cottage management andburden maintenance of to be free of the of worrying family cottages, providing beneficiaries about the cottage staying in your family. and familyyour members with stablein Whether cottage hasa been amount of for income, and or protections the family decades, you are just from long-term taxation are all beginning the traditions of owning a cottage, we will help you planto for the tremendous financial benefits longfuture of your cottage and, hopefully, term family trust stewardship. help keep it in your family for future generations to enjoy. • Build Trust. Working closely with an 1. Revocable Living Trust: avoids investment and trust organization now probate, allows control, privacy. Very will provide significant benefits to your simple and flexible while the grantors family at a time when it’s truly needed. are alive. Requires separate tax return and accounting after death of the • Trust Funding. In order for a trust to grantors. allows step-up provide anCurrently efficient mechanism, consider in basis. Will create ‘funding’ a revocable prospective trust during your property lifetime. tax reset.
2. Limited Liability Company (LLC): Trusteeprobate Selection. Trustees are tasked • avoids if structured with a with initially settling a family’s estate and buy-sell and or trust. Allows control eithergovernance preparing assets for final Requires and of cottage. distribution, orreturn. for long-term trusttax separate tax Property management. reset is prospectively avoidable. 3. for Protection. Agreement: Assets held incontract trust beyond • Operating operation family cottage. the lifetime of of the grantor can provide beneficiaries with protections from 4. Lady Bird Deed: Extremely simple divorce, bankruptcies, and other deed that allows for probate-free beneficiary-related financial problems. transfer to residual beneficiaries. Does not provide control. • Corporate Trustee. Under many circumstances, with a life 5. Dynasty Trust:working An irrevocable professionaltrust trustee alleviatethe the insurance thatcan ‘endows’ stress involved withfamily an ailing parent or operations of the cottage. spouse concerning household Provides an income-tax andfinancial estatearrangements. tax free pool for funding the operations after the death ofcottage the Grantors.
OM
OLD MISSION INVESTMENT COMPANY OLD MISSION TRUST COMPANY 880 Munson Avenue, Suite B
4555 Investment Drive, 49686 Suite 304 Traverse City, Michigan Troy,866-587-4100 Michigan 48098 248.641.7400 www.ljpr.com www.omtrust.com www.protectthefamilycottage.com
Protecting Your family the will thank you. Having trust in your wealth management firm Family Cottage: is a personal investment both now and in the future. A DIFFERENT KIND OF ASSET
Leon LaBrecque, JD, CPA, CFP®, CFA, is sitting on his dock at his cottage on Torch We aren’t the oldest or the largest wealth management firm in Michigan and that’s by Lake. He’s wearing swim trunks and shades, and is doing what lots of professionals do: design.to squeeze Locally-owned, specifically structured to cater our call clients, we present trying in a littleand work while having what most of us to would “playtime” at thea small firm feel with an extensive list of capabilities. family cottage. LaBrecque is making notes on a pad, “I’m working on a succession plan for a cottage not far from mine,the rightgoals here on says LaBrecque, a practicing Our advisors embrace of Torch,” our clients and get to who’s knowbeen them and their attorney for over 30 years. “Great grandpa bought it in 1910, and it’s been in the family fora families. It’s our intention to look at the bigger picture, since wealth extends beyond three generations. I’m working on a plan to keep it in the family for three more generations.” financial statement and has a lasting impact on the families that we serve. Family goals Northern Michigan is filled with vacation homes, including those of LaBrecque and are a part of our discussion when creating a plan that works for you and your family his clients. LaBrecque heads the wealth management firm, LJPR, LLC. “We look at all over the longclient’s term. wealth, We believe that from your investments wealth should have planning a succession plan But that aspects of our everything to estate and taxes. involves carefully of my professional thatconsider work for and your one thingastands out,selected both forgroup many of clients andadvisors myself: we theyou cottage like afamily. family heirloom. We want it to pass easily, to stay in the family, and to be affordable for future Ourgenerations.” specialists help you and your family manage family real estate, family businesses, With more than just estate planning skills in the toolkit, LJPR looks at multiple aspects settle estates, work through philanthropic goals and administer wealth from generation of cottage protection: Efficient transfer on death of the primary owners, attention to taxes, to generation. We serve to protect assets for the benefit of long-term family wealth and an issue that LaBrecque sees frequently ignored, funding. “I’ve had many cases where administration makepreparation sure that assets that transfer are intended to ‘staybut in leave the family,’ dosadjust the family takes and adequate to legally the cottage, the kids that.with As mortgages a firm located miles from Wall Street, our business is managing wealth dled and operating expenses. Many times, the next generationfamily can’t afford the andfinancial family members are forced to sell.” andupkeep, not selling products. ToOld coverMission the expenses, LJPRand usesTrust, an ‘endowment model’. in“When manage funds At Investment we firmly believe a valueweproposition that for a foundation, we create an endowment, or a continuous stream of income to support involves your entire family, both now and in the future. As a combined organization the endowment’s purpose. The same principle applies to a cottage: have enough money uniquely as both an investment management firm costs.” and a As private trust set aside topositioned keep the cottage operating and to alleviate the heirs from a fee-only company, serve as usually the center of form our clients’ financial a trusted advisor, thiswe endowment takes the of quality, low risklives. and lowHaving cost investments. Another with common issue is governance. “I’mwith working another now,consistency where the counselor a working relationship you on and your cottage family right allows first generation died,ofleaving to the consistency three children.is The problem the oldest Family child suddenly during a period time itwhen desired and isvalued. wealth thinks it’s hers, and she, by virtue of seniority, can have it whenever she wants. To prevent that, stewardship is about integrating the complexities of tax management, financial and we use an LLC to provide governance and control.” LaBrecque said that a typical plan might estate planning, and investment Allow us theand opportunity as your include a trust or lady-bird deed, anmanagement. LLC to hold the cottage, some formto of serve endowment. counselor bothisnow and for your family in wave. the future. Torch Lake beautiful despite the heat LaBrecque gestures down to the south, Can youhard imagine in to place a company that “I worked to get having this, anda Ilongstanding want my kidsrelationship and their kids enjoywith it like I have. I figure if I can theirfamily lives about can keep for what it is: a knows you,reduce your uncertainty spouse andinyour at a the timecottage, when I‘change’ wasit something your family family heirloom.” didn’t need? We certainly can. ADVERTISEMENT
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ESTATE & FINANCIAL SERVICES
TREND:
Socially Responsible Investments Kristi Avery
“I’M PERSONALLY EXCITED BY THE YOUNGER GENERATION WITH ENVIRONMENTAL AND SOCIAL CONCERNS IN THEIR PORTFOLIOS.”
For Kristi Avery, offering clients only traditional investment advice wasn’t enough. “Our firm [is about] incorporating socially responsible investing strategies,” she says. She is a financial advisor with her business partner, Mecky Kessler-Howell at FOR Investment Partners, which strives to help create an intentional alignment with financial investment goals and its clients, whether they are organizations, individuals or families. Values meet investments. “It’s gaining tremendous momentum,” Avery says. Socially responsible investing—SRI for short—actually dates back centuries. English cleric and theologian John Wesley, one of the co-founders of Methodism, outlined the basic tenets of social investing in his famous sermon “The Use of Money” in 1872. He said it was important to not harm others through business practices and to avoid industries which could harm the health of workers. Some 15 years earlier, in similar fashion, the Quakers prohibited members from participating in the slave trade; that may actually be the first example of SRI. As with the Quakers, religious motivation provided some of the best-known early applications of socially responsible investing. Investors would avoid “sinful” companies, such as those associated with products such as guns, liquor and tobacco. That’s still often the case today, though for many it’s less a religious application and more a moral one, whether it’s applied through avoiding certain industries or companies or embracing those with environmental or social attitudes in line with their own. “We’re taking the client values and what they want and incorporating those values into their portfolio,” says Avery. “It’s a value addition to traditional [investing].” Most of our clients are larger groups rather than simply individuals. “We specialize in foundations and trusts, but we’re really excited when we’re approached by families,” says Avery. “I’m personally excited by the younger generation with environmental and social concerns in their portfolios. People ask why I focus on this, and I say why not? If you can focus on doing good, why wouldn’t you?” Socially responsible investing perhaps used to be seen as too difficult to delineate or not the way to maximize one’s investment. Or even just too wacky. That’s no longer the case, according to Avery. “It’s trickling down into the mainstream,” she says. “It is a trend. It’s grown exponentially, and we’re ahead of the curve. It’s all about authenticity.” Many of her clients are interested in investing in environmental or sustainable industries. For them, it’s more about doing good than not doing bad. “It’s the best way to serve clients and the community for generations to come.” Avery says advances in analysis are making it easier to identify companies and industries appropriate for SRI. She cited the data analytics firm Morningstar as including more such data, making her job easier. “Previously there was a lack of tracking. In the last ten or 15 years, there’s been more focus on it,” she says. —R.B. MyNorth ESTATE & FINANCIAL SERVICES
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MODERN FAMILY A family cottage passed generation to generation is a concept that resonates in this region. So, too, with family money.
Many families agree children are free to do whatever they wish after the parents are gone. That works as long as everything goes smoothly, but if heirs, spouses and their kids start to not get along, or in the event of divorce or second marriages with stepchildren, that gets complicated. Enter financial advisor Chris Lamb, principal partner with The Old Mission Investment and Trust Companies, and the concept of a family trust. A trust, says Lamb, provides a level of certitude for those looking to ensure that their assets continue to provide for their family long after they are gone. “They fear the lack of control,” Lamb says of those placing assets in a trust. “But at the end of the day they have a relationship with a professional trustee.” The trust continues to be managed for purposes of producing income and distributions of principal and/or interest from the trust. Assets held in trust—either cash assets, investment assets, or real property—are insulated from a variety of complications which can and do arise in life. Once the parents/trust owners have passed away, the trust becomes irrevocable. The assets are administered for the next generation’s benefit without the next generation actually owning the trust property directly. Once the creators of the trust have passed away, the assets are administered by the trustee for the succeeding generations. The assets (and the trust) are not considered the property of the beneficiary, so the assets within the trust are protected against claims from a beneficiary’s creditor or a divorcing spouse. Since the trust is protected, it can grow for successive generations. Here’s where it perhaps gets most interesting financially: Since assets were held in trust upon the passing of the first generation, no estate taxes will be owed when the succeeding generations pass away. Since succeeding beneficiaries don’t own the trust, there are no estate taxes upon successive deaths. Lamb says trusts such as these can last for 100 years or more beyond the lives of the original creator, and they will continue to carry the same protections against divorce for all generations. That means there is the potential for the money to grow rather than dissipate: $5 million can turn into $50 million through multi-generational trust planning, without a dime of estate taxes being assessed in the future. Assets within the family trust can be used for producing income, paying for college educations, medical bills and expenses, and other matters deemed necessary by the trustee. “People can go through money very quickly. This way you know it will be there when (heirs) are 50 and 80 and when it comes to the next generation,” Lamb says. —R.B.
The Jonkhoff family and caring staff are the ones you can trust and depend on... today and tomorrow.
Pictured from left to right: Dan and Peg Jonkhoff, Christy Jonkhoff-Hater and Lindsey (Jonkhoff) Rogers
Like your will, funeral pre-arrangements are a guide for your survivors and a gift of love. Nicole and Brooke would be happy to meet at your home or ours.
SEASON TICKETS ONE PLACE OLD TOWN PLAYHOUSE RAMSDELL REGIONAL CENTER FOR THE ARTS
MYNORTHTICKETS.COM // 800.836.0717 125 PARK STREET // TRAVERSE CITY MyNorth is home of MyNorthTickets and Traverse Magazine
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412 SOUTH UNION 412 SOUTH UNION TRAVERSE CITY 412 SOUTH UNION 412 SOUTH UNION TRAVERSE CITY 412 412 SOUTH SOUTH UNION UNION 231-947-7900 TRAVERSE CITY TRAVERSE CITY 231-947-7900 TRAVERSE TRAVERSE CITY CITY kuhnrogers.com 231-947-7900 231-947-7900 kuhnrogers.com 231-947-7900 231-947-7900 kuhnrogers.com kuhnrogers.com kuhnrogers.com kuhnrogers.com
PLAN YOUR LEGACY GIFTS TODAY TO CHANGE LIVES FOREVER. Leave a lasting impression on the causes that are most important to you, through legacy gift planning with the Community Foundation.
HERE ARE THREE SIMPLE STEPS TO GET STARTED.
1
Talk to your family, friends and professional advisor.
2
Contact the Community Foundation.
3
Include a bequest in your will or trust.
MATCHING YOUR
PASSION WITH A PURPOSE.
GTRCF.ORG | 231.935.4066
ANTRIM . BENZIE . GRAND TRAVERSE . KALKASKA . LEELANAU
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KNOWLEDGEABLE RESPONSIVE PERSONAL
MEET CORTNEY. Cortney’s creative, individualized approach to estate planning prepares her clients for the unknown, skillfully guiding them to a solution they understand, and that ensures their intent and their interests are protected. The result: peace of mind.
CORTNEY S. DANBROOK 231.714.0163 | cdanbrook@darlawyers.com
ESTATE PLANNING . TRUST AND PROBATE ADMINISTRATION . COTTAGE SUCCESSION PLANNING SPECIALIZED ATTORNEYS. SPECIALIZED SOLUTIONS.
DANBROOK ADAMS RAYMOND
Cortney S. Danbrook
231.714.0157
Janis L. Adams
DARlawyers.com
Lindsay J. Raymond
Traverse City
Friends support the Grand Traverse Regional Land Conservancy because they know the best way to ensure our region remains vibrant, healthy and beautiful is to protect the critical places we all love - forever. Planning for a conservation legacy offers the satisfaction of supporting a vital cause, the excitement of knowing your gift will make a positive impact and – in many cases – substantial financial benefits to you and/ or another beneficiary through tax advantages or life income. Many arrange planned gifts to ensure their vision and annual support can last well into the future. We will work closely with your financial advisor to design a gift planning option that will meet your personal, financial and charitable goals, all while safeguarding the region’s most special places for future generations.
For more information contact: Anthony Rupard, Director of Development p: 231-929-7911 e: arupard@gtrlc.org
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ESTATE & FINANCIAL SERVICES
FRESH PERSPECTIVES:
Things are better than you think Brian Ursu
“WHEN YOU HAVE THE WRONG VIEW NOTHING WORKS. I TRY TO EDUCATE MY CLIENTS.”
For investors and financial advisors, it’s all about the data: Looking at which industries are growing, which are shrinking, what the trends are, where the safest and best opportunities for investing are. And if you look at the data carefully enough, Brian Ursu, principal at Intentional Wealth Advisors in Traverse City, says you too will realize how well off you are, as well as how the world is a better place than we are led to believe. That means that investment opportunities are vast, and not relegated just to the Dow and Nasdaq. “What I’m trying to do with investors is show the opportunities represented by the changes in demographics are huge,” says Ursu. He said it used to be the case that those investing in markets outside the U.S. were labeled unpatriotic. “Now it’s a requirement. Only 30 percent of stocks in the world are in the U.S. It doesn’t make sense to limit yourself.” Ursu is an advocate of the worldview of the late Dr. Hans Rosling, an international health expert. In Rosling’s view, the world is better off than ever before. Extreme poverty is shrinking at a rate the world has never seen, education is more widely available, and the world economy is both strong and global. The middle class is growing worldwide. What does healthcare have to do with investing? More than you might think, according to Ursu. He is nearly as enthusiastic about Rosling’s work as Rosling was about the work and the world itself, as exemplified in his TED Talks and documentary. Ursu says seeing and absorbing both the data and empirical evidence shared by Rosling has given him a fresh and enlightened perspective about the world. We are constantly being bombarded by negative news and headlines, not to mention dis- and misinformation, and Ursu sees Rosling’s work as the vaccine against this negative narrative. (For more on Rosling, his work and his perspectives, go to gapminder.com). Most people believe things are not particularly rosy. And from an investment perspective, having the right worldview is crucial, according to Ursu. “When you have the wrong view nothing works. I try to educate my clients,” he says. That means not only discussing the world market, but the world itself, and all the variables at play. Overall? Ursu says things aren’t as bad as you may think. Don’t panic. Look beyond the headlines and invest wisely—armed with the real facts. —R.B. MyNorth ESTATE & FINANCIAL SERVICES
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RETIRE SMARTER We checked in with Jason P. Tank, CFA and owner of Front Street Wealth Management in Traverse City on the power of working longer.
The math at work behind the retirement decision really isn’t that complex. There are only a small number of levers to pull. First is your savings rate. Second is your investment return on those savings. Third is the proportion of your retirement lifestyle that your savings won’t need to cover after factoring in your Social Security and, if you are lucky, your pension income. And, the final lever to factor into the retirement equation is, of course, your life expectancy. Each of the controllable retirement levers have built in sensitivities. A way to measure these sensitivities is to see how much a slight tweak on each lever might affect the level of available financial resources in retirement. For example, you could choose to save a little more and your sustainable retirement income will obviously go up. Or, you could work to lower the cost of your investment program—which directly boosts the investment returns you get to keep and, naturally, your retirement resources would rise. In fact, an academic study I recently reviewed showed that a small boost of your annual savings rate by 1% more starting at age 36 might produce a 4% boost in your annual income during your retirement years. The longer you wait to increase your savings rate, the smaller your bang is for the buck.
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Now, what happens if you could also get better returns on your savings? The study showed that if you were able to boost your investment returns by 0.5% per year during your working years, your sustainable retirement income might also increase by similar 4% per year. Doing both things could boost your retirement lifestyle by closer to 8% per year. Since percentages aren’t all that easy to visualize, let’s just say this would translate into a lot of nice experiences over your retirement years. Importantly, these basic planning moves—moderately boosting your savings rate and your investment returns—are both time-tested and largely controllable. But, what about simply working longer? How much longer would you need to keep working to equal the impact of saving 1% more of your income for your entire career and squeezing out 0.5% more return on your investments each and every year? Drumroll, please! The answer is you wouldn’t need to delay your retirement for even one full year. So, here’s some truly intuitive advice. Be sure to save early and save often, and then, find work you enjoy, with people you enjoy, and keep at it for as long as you can.
Plan upstream towards steady income downstream
A little planning today can make all the difference tomorrow. We c distribution strategy aimed at preserving your savings and helpin Plan towards steady stream flows your retirement. Plan upstream upstream towards steady Planthroughout upstream towards steady
income downstream A little planning today can make all the difference tomorrow. We can help you design a income downstream A little planning today can make themake difference can helpWe youcan design A little planning todayallcan all thetomorrow. differenceWe tomorrow. help ayou design a distribution strategy aimed at preserving your savings and helping to ensure your income
Plan upstream towards steady income downstream income downstream Call today for a complimentary portfolio review.
distribution strategy aimed at preserving your savings andsavings helping tohelp ensure income distribution strategy aimed preserving your and helping to ensure A little planning today can make all the at difference tomorrow. We can youyour design a your income stream flows throughout your retirement. stream flowsstream throughout your flows throughout your your retirement. distribution strategy aimed at retirement. preserving savings and helping to ensure your income Call today for a complimentary portfolio review. stream flowsCall throughout your retirement. Call today for atoday complimentary portfolio review. for a complimentary portfolio review.
Watts Financial Consulting Group of Wells Fargo Advisors
Call today for a complimentary portfolioJeffrey review. Watts Watts Financial Consulting Group of Wells Fargo Advisors Watts FinancialWatts Consulting Group of Wells Fargo Financial Consulting GroupAdvisors of Wells Fargo Advisors Managing Director – Investment Officer Benjamin Watts Jeffrey Watts Watts Financial Consulting Group of Managing WellsWatts Fargo Advisors 10850 5575 Advisor Benjamin Watts Benjamin Watts Jeffrey Jeffrey Watts Director – Investment Officer E Traverse Hwy Ste Financial
Financial Advisor Financial Advisor Traverse City, MI 49684 Benjamin Watts 10850 E Traverse Hwy Ste 5575 Advisor Hwy Ste 10850 E Traverse 5575E Traverse Hwy Ste 5575 10850 Direct: (231) 946-1630 Financial Traverse City, MI 49684 Traverse City, MI 49684 Traverse City, MI 49684 231-946-1630 10850 E Traverse Hwy Ste 5575 jeffrey.watts@wellsfargoadvisors.com 231-946-1630 231-946-1630 Ben.Watts@wellsfargoadvisors.com
Traverse City, MI 49684Ben.Watts@wellsfargoadvisors.com Ben.Watts@wellsfargoadvisors.com 231-946-1630 Ben.Watts@wellsfargoadvisors.com
Investment and Insurance Products: u NOT FDIC Insured u NO Bank Guarantee u MAY Lose Value u NOT FDIC uNOT u MAY Investment and Insurance Products: Insured u NO Bank Guaranteeu NO Value u MAY Lose Value Investment and Insurance Products: FDIC Insured BankLose Guarantee Wells Fargo Advisors is a trade name used by Wells Fargo Clearing Services, LLC, Member SIPC, a registered broker-dealer and non-bank affiliate of Wells Wells &Fargo Advisors is2016 a trade name used by Wells Clearing Services, LLC,Fargo Member SIPC, a registered broker-dealer and non-bank affiliate of Wells Wells Fargo Advisors isServices, a Fargo tradeuname used by Wells Clearing Services, LLC, Member SIPC, a registered broker-dealer and non-bank affiliate of Wells Fargo Company. © Wells Fargo Clearing LLC. All rights reserved. u NO Bank Guarantee u MAY Lose Value andFargo Insurance Products: NOT Fargo &Investment Company. © 2016 Wells Clearing Services, AllFDIC rightsInsured reserved. &Fargo Company. © 2016 WellsLLC. Fargo Clearing Services, LLC. All rights reserved. u a registered broker-dealer and non-bankuaffiliate of Wells Wells Fargo Advisors is a trade name used by Wells Fargo Clearing Services, LLC, Member SIPC, Fargo & Company. © 2016 Wells Fargo Clearing Services, LLC. All rights reserved.
Investment and Insurance Products:
NOT FDIC Insured
A2115 A2115 A2115
Managing DirectorHwy – Investment Officer – Investment Officer Managing 10850 E Traverse Ste 5575 Director Jeffrey 10850 E Watts Traverse Hwy Ste 5575E Traverse Hwy Ste 5575 10850 Traverse City, MI 49684 Managing Director – Investment Officer Traverse(231) City, MI 49684 Traverse City, MI 49684 Direct: 946-1630 10850 E Traverse Hwy Ste 5575 Direct: (231) 946-1630 Direct: (231) 946-1630 jeffrey.watts@wellsfargoadvisors.com Traverse City, MI 49684jeffrey.watts@wellsfargoadvisors.com jeffrey.watts@wellsfargoadvisors.com Direct: (231) 946-1630 jeffrey.watts@wellsfargoadvisors.com
0318-02998 NO Bank Guarantee u MAY Lose Value 0318-02998
0
0318-02998 Wells Fargo Advisors is a trade name used by Wells Fargo Clearing Services, LLC, Member SIPC, a registered broker-dealer and non-bank affiliate of W Fargo & Company. © 2016 Wells Fargo Clearing Services, LLC. All rights reserved.
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Security and Advisory services offered through Commonwealth Financial Network. Member FINRA/SIPC, a Registered Investment Adviser.
INSPIRED LIFE
Adventurous Day Trips in Northern Michigan for Grandparents and Grandkids BY CARLY SIMPSON & SHAPE UP NORTH
TAYLOR BROWN
It’s always the perfect time for grandparents to get quality time with their grandkids and have fun being active outdoors. We recommend these day trips in Northern Michigan to Empire, and Boyne Falls. Get ready for frame-worthy photos filled with memories for generations to enjoy together! ADVENTURE AWAITS AT BOYNE MOUNTAIN From treetops to trails, adventure awaits for grandparents and grandkids at Boyne Mountain in Boyne Falls. Available to anyone— resort guests and day-trippers alike—is Boyne Mountain’s Adventure Pass. It’s easy to fill up a whole day with diverse activities for all skill levels. Enjoy leisurely chair lift rides to take in the mountain scenery, or try your hand at a game of disk golf (yes, disks are included with the Adventure Pass!). No skills are required to participate in unlimited trips on the Twin Zip zipline. Plus, you can rent mountain bikes and fat tire bikes to travel the trails. Grandparents will enjoy teaching their grandkids how to hit golf balls at the driving range—and in turn, the grandkids may take pleasure in teaching their grandparents how to ride a Segway in the Courtyard. Pick up your Adventure Pass at Boyne Mountain’s Adventure Center. Same-day reservations are often available for impromptu adventurists, however, it’s recommended you contact the Adventure Center for activity days and hours. Full zipline and Segway tours are
available for an additional cost, as are other activities such as horseback riding, kayak rentals, paintballing, and more. AN EMPIRE EXCURSION Do your grandkids love the water? A day trip to Empire along the Lake Michigan coastline will have them bragging to their friends once school is back in session! Begin your morning with a 9:30 a.m. surfing lesson. Yes, surfing, on Lake Michigan. Sleeping Bear Surf & Kayak offers Great Lakes surf lessons every Monday, Wednesday and Friday morning. Their instructor-to-student ratio of 1:4 or less helps teach paddling and pop-up techniques. Board rental is included with lessons and reservations are required. (sbsurfandkayak.com). Want something a little more relaxing? Head to Empire’s Lake Michigan Beach or North Bar Lake for a morning swim. After a lunch break in Empire, six miles from the Sleeping Bear Surf & Kayak shop is the famous Sleeping Bear Dune Climb. The walk up is hard, but everyone loves running down! For more information: nps.gov/slbe.
Shape Up North is a community collaboration dedicated to helping Northern Michigan residents benefit from healthy eating habits and an active lifestyle. shapeupnorth.com
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INSPIRED LIFE
A NORTHERN NEIGHBOR
Mary Reed BY GREG TASKER
Mary Reed of Onekama is up at 6 a.m., ready to jump on a long list of volunteer duties that have filled her life since retirement. “When I retired, I joined everything,” says Reed, 79, who was director of pharmacy at Spectrum Health in Grand Rapids until 2002. “I became involved with the environment and did everything I could to learn everything about it and became involved in local things.”4
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They Miss You More Share what’s happening Up North by giving them Traverse Magazine, the coolest gift for the busy friends and family in your life. It slows them down and reminds them each month that your invitation to come home is always open. Special for a Limited Time - $20 Gift Subscriptions www.mynorth.com/comehome (wouldn’t that be nice?) (231) 941-8174 (call real people in Traverse City)
INSPIRED LIFE
MARY REED, HOW DOES YOUR GARDEN GROW? This Manistee county resident, volunteer and activist applies a lifetime of bringing people together to convene, listen and help the community. An avid environmentalist, Reed is active with a host of organizations that feed her desire to connect and work through priorities and issues with her neighbors. Here are just a few: • Portage Lake Watershed Forever (a group dedicated to protecting the health of the Manistee County lake). portagelakewatershed.com • Explore the Shores (an organization that provides water access to people of all ages and disabilities). exploretheshores.org • Portage Lake Garden Club (founded in 1935 to cultivate knowledge of trees, plants and flowers, to foster a true friendship among its members, and to be stewards of the land). portagelakegardenclub.org • Plant it Wild (a native plant group in Benzie and Manistee counties). plantitwild.net
Reed, who earned her master’s degree in pharmacy at age 60, has been the driving force behind the Portage Lake Watershed Forever Plan, recognized by the state Department of Environmental Quality as a best practice for community involvement. In the last decade, the achievements of the watershed council have been many, including successful fundraisers, protected wetlands, community educational programs and the management of invasive species, including phragmites and Eurasian Watermilfoil. Her passion for the 2,110-acre lake along the Lake Michigan shoreline stems from her childhood. Her family spent many summer days on the lake while vacationing at the family cottage in Wellston. She and her husband, Chuck, bought a home on the lake in 1990. “I couldn’t have done anything without the support of my husband. It's so important that in retirement we support each other,” she says. The couple, who jointly received Citizen of the Year Award in 2010 from the Portage Lake Association for their dedication to the community, raised eight children. They have 23 grandchildren and 17 great-grandchildren. Reed’s immersion as an advocate for Portage Lake began in earnest in 2008 after she became aware of some of the environmental issues, which included invasive species, primarily related to the plethora of recreational boats on the water. “We worked closely with the township to treat, monitor and manage invasive species. We increased water quality management,” says Reed, who served as chair of the Portage Lake Watershed Forever council in from 20122016. “We’re considered a success from the field.” As busy as she is managing the day-to-day activities of her volunteer commitments—phones calls, reading, meetings—Reed has her eye on the future of the lake and its watershed. “The concern is really how do we keep the young people and others involved. We need the young people,” she says. “We do a lot of things to keep the watershed in the minds of people. “What is the key to getting younger people to take our place? I think you have to do one on one … it’s people on the council talking with their neighbors. If we can get our neighbors to do what’s right for our shoreline, I think that’s a good way to pass it on.” MyNorth INSPIRED LIFE | FALL 2018
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WHY TRY TAI CHI? Traverse City tai chi instructor Ann Parker tells the many benefits of this gentle workout for the mind and body. Bonus: It’s effective and doable for almost everyone. BY GREG TASKER
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INSPIRED LIFE
Practiced around the world, tai chi is a low impact, relaxing form of exercise that anyone can learn. Tai chi blends mental and spiritual aspects into movement and offers many health benefits—both physical and mental—especially for seniors. “It’s really an economy of movements,” says Ann Parker, a physical therapist who teaches tai chi weekly at the Yoga Health Education Center at Grand Traverse Commons. “It’s about awareness, about coming back into a more fully aware sense of your presence in your own body. It’s about breathing and relaxation. Tai chi helps with chronic pain, circulation, balance, and coordination.” Parker, who studied ballet as a teenager, turned to tai chi after experimenting with Taekwondo. Her education in tai chi began with Jane Hale at Northwestern Michigan College and continued after she moved to Seattle. She continued studying with instructors, notably Master Tao Ping-Siang and Madame Gao-Fu (both from Taiwan), as well as with visiting Master William CC Chen of New York City. Both Mr. Tao and Mr. Chen were top students of Cheng Man-ch’ing, who took Tai Chi around the globe in the late 1960s through the 1970s. Learning Tai Chi, she says, is as easy as showing up to a class. “I have been learning tai chi for over 30 years,” Parker says. “It can be a lifelong endeavor.” Describe tai chi for those of us unfamiliar with this practice. Tai Chi is a practice of moving meditation. It focuses on relaxation and awareness; calm, steady, and natural breathing; optimal alignment; moving the whole body as one for efficiency and to avoid stress throughout the body. It may be practiced daily, typically morning or evening, alone or in a group. It’s a little like a dance or slow motion martial arts routine. In my experience, watching a video or reading about it is not the best way to integrate this practice because it is a sensory-motor activity. Attending a class is the best way to learn to do it. Regular practice helps tremendously. What are the physical and mental health benefits of practicing tai chi? General well-being is greatly improved with better breathing, blood flow, lymphatic circulation, digestion, postural correction, core-strengthening, clearing mental chatter and anxiety, enhancing quality rest and sleep. Regular practice will allow a person to remain more present in the moment, something we could all use, which enhances the quality of everything we are
involved in. Our interactions with others can have more integrity and be more meaningful, when we have optimal self-awareness. Extra benefits as we age? Improvements in balance and coordination will minimize risk of falling and also prevent injury, whether from repetitive motions or from chronic tension. When we are young, our body and mind are open to everything, but then we develop patterns that can sometimes become counterproductive. Neuroplasticity allows the mind/body to learn new things at any stage or age. Tai chi is a chance to “be more present” in our bodies. It strengthens our core musculature and lower body for greater stability, in standing positions or especially when shifting our weight to one leg or the other (like when climbing stairs or standing on one foot in the shower). We practice proper body mechanics to reduce stress on the spine and upper body. Are there any age or physical limitations for seniors to learn or practice tai chi? Anyone who is able to walk will readily be able to learn and apply these lessons to everyday activities. I teach the Yang Style, Short Form (a 7-10 minute sequence) in my Beginning class and Long Form (15-20 minute sequence which builds on the Short Form) in my Continuing class. But even non-ambulatory people can benefit from modified exercises in seated positions or standing with fingertips touching a chair, countertop or wall; there are many Qigong/Yoga/Balance exercises to try out there. Give it a try! You also work with people with Parkinson's ... how is your work with them similar with tai chi and how does it help them? Yes, I am a Physical Therapist at Grand Traverse Pavilions. Our Wellness Center provides Outpatient PT and my training in LSVT BIG is an invaluable tool for those diagnosed (especially recently diagnosed) with Parkinson’s. Look up info@LSVTGlobal. com to learn more. The sooner you can work with a Certified LSVT Therapist, the more equipped you are to slow or minimize the symptoms. So, as with other neurological conditions (head injury, stroke, multiple sclerosis, etc.) there is much to be gained from movement with greater awareness. The similarities are interesting to me: whole-body emphasis of safe movement patterns in a variety of positions, relaxed but upright alignment, easy full breathing for support. In both cases, working one-on-one or in a class, I am asking people to follow my movements and to be present in their own body with full awareness.
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INSPIRED LIFE
KEEPERS OF THE APPLE KINGDOM When John and Phyllis Kilcherman began farming in northern Leelanau County nearly six decades ago, they had no idea they would become well known as historians. But today, apple lovers from around the planet view them as precisely that, as farmers who keep apples of antiquity alive and part of our world. The Kilchermans are not so interested in Red Delicious, Granny Smiths or Honeycrisps. At Christmas Cove Farm in Northport, the Kilchermans grow apples that harken back to the past, in some cases, the very distant past: Macouns, Snow Apples, Wolf Rivers, Winter Bananas, Golden Russets, Tolman Sweets, Orange Pippins, Kandil Sinaps, and Thomas Jefferson’s favorite, the Spitzenberg, among many, many others.
Apples aren’t just for dessert. Here is Phyllis Kilcherman’s recipe for a vegetable casserole with apples, which she says is great for church dinners or family reunions.
TODD ZAWISTOWSKI
APPLE VEGETABLE CASSEROLE 4 3 3 2 2 3 1 1 1
Gravenstein, Mother, or any other tart apples, cut into chunks cups zucchini, diced cups stewed tomatoes tablespoons minced chives cups sliced water chestnuts slices bread, toasted and crumbled pound ground beef large onion, peeled and diced cup mozzarella cheese Salt and freshly ground pepper to taste
In a large casserole, combine apples, zucchini, tomatoes, chives, water chestnuts and crumbled toast. In a skillet, brown ground beef and onion over medium heat. Cook until onions are wilted. Drain fat from mixture. Combine meat and vegetable mixture. Add salt and pepper to taste. Bake in preheated 375-degree oven for 1 hour or until vegetables are tender. Top with cheese and some butter if desired. Return to oven and bake until cheese is bubbly. Expect many compliments.
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Beach Day (with Benefits)! Trips to our sandy shores aren’t just for beach reading and sunset watching. Research has proven that walking on the beach has several health benefits. While the days are still warm, get in on the good stuff. BY CARLY SIMPSON & SHAPE UP NORTH
BURN MORE CALORIES It takes 2.1 to 2.7 times more energy to walk on sand than it takes to walk on a hard surface at the same pace (Journal of Experimental Biology). More energy means more calories burned. In fact, Berkeley Wellness states walking on soft sand increases caloric expenditure by almost 50 percent.
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KNOW YOUR BODY Unlike a sidewalk, sand is an uneven surface. Walking on it challenges your ability to know where your feet are without looking at them. This sense of body is called proprioception. Proprioceptive exercises help to develop balance, coordination and agility.
Shape Up North is a community collaboration dedicated to helping Northern Michigan residents benefit from healthy eating habits and an active lifestyle. shapeupnorth.com
DAVE WEIDNER
BUILD MUSCLE Walking on sand requires 1.6 to 2.5 times more mechanical work according to the Journal of Experimental Biology. This means your muscles and tendons work harder.
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