Commun ty Matters Clay Center Presbyterian Manor
COMING UP IN COMMUNITY MATTERS:
What are your new beginnings traditions?
We will focus on new beginnings in an upcoming issue of Community Matters. As we approach the new year, what resolutions are you making? Have you ever made a resolution that changed your life? What are your hopes for 2017? If you’ve got a story to share, contact Heather Germann, marketing director, and your story could be featured in an upcoming edition of Community Matters.
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November 2016
An Uncommon Technique Yields Outstanding Results
Quilling, or the art of paper filigree, is making a resurgence in popularity, thanks to the affordability of material and soothing nature of producing the artwork. Thin strips of colorful paper are curled, rolled and/or crimped to create intricate designs. Although it’s making a comeback on the folk art scene, it’s still not a common technique, and many are astounded by the results.
Clay Center Presbyterian Manor resident Norma Graham recently received an award for her quilling piece, and she was surprised by the accolades. An image of her artwork will appear in the 2017 Art is Ageless® Calendar, which includes the best of the best entries from across the Presbyterian Manors of MidAmerica network. “I was very surprised and excited. It was all my children’s idea to have me enter my work,” said Norma. “I don’t even honestly remember learning to do this type of art. It’s been so long ago since I started. It’s a peaceful pastime.”
Although Norma isn’t able to continue pursuing her paper-art passion, she enjoys other activities like playing pitch and pinochle. She also enjoys watching “Dr. Phil,” “Dancing with the Stars,” and KU basketball. She and her late husband, Bill, were married for 55 years and made many friends in the community when they owned Miltonvale Lumber Co. Norma was a homemaker, and they had four children: Deb (deceased), Bruce, Steve and Tyler.
Darlene Shadle Wayne Carlson Ed Lilley Lloyd Swenson Russell James Roger Mall Ray Lindsay
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Community Matters is published monthly for residents and friends of Clay Center Presbyterian Manor by Presbyterian Manors of 501(c)(3) organization. Learn more at PresbyterianManors.org.
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Mike Derousseau, executive director Heather Germann, marketing director To submit or suggest articles for this publication, contact Heather Germann, hgermann@pmma.org.
Telephone: 785-632-5646 Fax: 785-632-5874 Address: 924 Eighth St., Clay Center, KS 67432-2620
Our mission: We provide quality senior services guided by Christian values. ClayCenterPresbyterianManor.org
2 COMMUNITY MATTERS AUGUST 2016
Make a gift in their honor while making n a diffeerence in the mission of Presbyterian Manor s. We’ll hang an ornament on the tree with their name on it. Makee your gift by visiting www.PresbyterianManorr s.org/GoodSam or see the reception dessk
The Surprising Secrets of Successful Retirees By Richard Eisenberg for Next Avenue
If you’re in your 40s, 50s or early 60s, odds are you’d like to
know what it takes to have a happy and successful retirement. Marc Diana, the Los-Angeles-based CEO of the new personalfinance site MoneyTips.com site, has surveyed 510 retirees to learn the magic elixir. I spoke with Diana, a serial entrepreneur who also founded Savings.com, to find out what those surprising secrets were and what pre-retirees should do now if they want to join the club. I confess that the results did, indeed, surprise me.
Highlights from my conversation with Diana: What did the successful retirees have in common? They’re living within their means and they had a savings plan for retirement. About a quarter of them calculated how much they’d need to retire when they were in their 40s; another 21 percent did it in their 50s. And how much were they saving each year before they retired? Nearly 60 percent saved between 6 and 20 percent a year.
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What surprised you in the survey results? 44 percent said they were comfortably retired with less than $500,000 in assets. That surprised me quite a bit. I’m in my 40s and that wouldn’t cut it for me. What does this tell you? It hits on one of the ingredients in the root of what I uncovered through the survey, which is that successful does not mean ‘I’ve got gobs of money and houses all over the place and cars.’ People who came to terms with what they wanted out of life and managed to figure how to budget and live within that were happily retired. Are the successful retirees frugal? No. They’ve been prudent, not frugal. Only 35 percent call themselves frugal; the rest said they spend enough to live comfortably. And 67 percent live on less than a $100,000 a year; 23 percent are in the 25 to 50 grand bucket. The key is that two-thirds of them have been on some kind of monthly budget and stuck to it. Did they use financial advisers to plan for retirement? About 62 percent consulted advisers, at least some of the time, through their career to make investment decisions. Was having a financial adviser useful for them? Without a doubt. Engaging an adviser made them more likely to have a budget and to live within it. What investment mistakes did the successful retirees regret making? One big mistake they made was getting into the stock market too late or getting out of it too late. They tried to rifle-shot the market. And the other mistake they made was making bad real estate bets. What keeps them up at night? The fear of outliving their savings and incurring substantial health care costs. And twenty five percent are concerned about
Secrets continued on page 4
CLAY CENTER PRESBYTERIAN MANOR 3
Success continued from page 3
maintaining their standard of living. They worry that something might happen — like inflation or their lifespan increasing. What are they doing to minimize the risk of running out of money? More than half don’t have a car that’s newer than two years old. A lot own their homes outright. And they’re cutting back on extras, like travel and memberships. I noticed that most of the successful retirees worked for large companies and in the public sector. They generally weren’t the self-employed ‘Millionaire Next Door’ types. What does that tell you? That’s interesting because of what comes with being at those
forms of employment. Things like matching retirement plan contributions are great because they push you into a style of saving.You lower your risk of not having a comfortable retirement by the sheer nature of working there. Based on what the successful retirees said, what should people nearing retirement be doing so they can have successful retirements? Number one: have an annual or monthly budget and stick to it. Number two: have a plan to retire. Number three: be disciplined as an investor. It’s very risky to make bets on the stock market or on real estate. If you’re disciplined, you can have a nice nest egg in retirement. © Twin Cities Public Television - 2016. All rights reserved.
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