Retirement Funding – Win Win Lose http://winwinlose.net/ Mon, 27 Jun 2022 08:42:06 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://winwinlose.net/wp-content/uploads/2021/06/icon-9.png Retirement Funding – Win Win Lose http://winwinlose.net/ 32 32 Yours, Mine and Ours: A Blended Family Finances Checklist https://winwinlose.net/yours-mine-and-ours-a-blended-family-finances-checklist/ Mon, 27 Jun 2022 08:42:06 +0000 https://winwinlose.net/yours-mine-and-ours-a-blended-family-finances-checklist/ Family finances can prove difficult under any circumstance, but that’s even more true in blended families, where two sets of often well-established financial histories and philosophies seek to meld into one. At Semmax Financial Group these days, we have seen a number of blended families where people have remarried, either after a divorce or the […]]]>

Family finances can prove difficult under any circumstance, but that’s even more true in blended families, where two sets of often well-established financial histories and philosophies seek to meld into one.

At Semmax Financial Group these days, we have seen a number of blended families where people have remarried, either after a divorce or the death of a spouse. Sometimes it’s older couples who are already retired. In other cases, it’s a younger couple still trying to raise children. But regardless of the specifics of the individual situation, when families grow together, their finances also merge, and then it can become problematic if careful planning and communication is not done.

I know. I have a blended family myself, and one of the first questions my wife (my girlfriend at the time) asked me was about my credit score. It was a great question because if you plan on buying a house or car together, or solving a variety of money-related problems, both of your credit ratings will come into play.

None of this is to say that you should make finance the final factor in deciding whether to continue in this relationship. But you want to make sure you have a good handle on the myriad of financial problems that can arise.

Credit score aside, here is a checklist of some things to consider:

money habits

People grow up with different thoughts about money, influenced by their parents or the circumstances of their formative years. Some people are exceptionally frugal, saving every penny and rarely, if ever, spending anything just for fun. Others spend with abandon, not caring about the unexpected expenses that life can throw at them at any moment. Many fall somewhere between these extremes.

If you’re going into a serious relationship, you should talk to your new partner about how you’re going to spend the money.

financial accounts and invoices

Once you learn each other’s financial philosophy, you need to make decisions. Should you combine your financial accounts or keep them separately?

If the two of you are closely aligned with your finances and approach to spending, you may decide to just combine everything. If you’re older, have adult children from previous relationships, and are better off financially, you may choose to keep things separate. For many, a hybrid approach may be best – keep some things separate but have savings, investments, and household accounts together to meet your combined goals.

family

When there are children from a previous marriage—especially young children—additional financial situations come into play. Does a person owe or receive child support? How does that fit into the overall budget? What is the status of student finance for the children and are there other related obligations? All of these questions should be addressed and clarified.

Beyond the financial issues, remember that it takes time, patience, and a concerted effort of everyone to successfully merge a happy family. Be aware that it may take some children longer than others to accept the “newcomer” on the team.

property

Where will you live and what will you do with the houses you already own? The option you choose could be due to a combination of financial prudence and personal desire. You could live in one house and sell or rent the other. Or you can sell both houses and buy a new one to give your blended family a fresh start.

When making this decision, you should consider factors such as the amount of mortgage on each home, the level of property taxes, and whether one home will meet the needs of the blended family better than the other.

legal issues

It may be wise to consider a prenuptial agreement, especially if there are significant assets involved or if you both have big differences in your overall finances. Also, make sure your beneficiaries are up to date since your family is mixed, whether for a will, life insurance, or retirement accounts.

Additionally, you want to update medical orders and permanent powers of attorney. It is best to consult an attorney with these questions.

Goals

It is important to have common family and financial goals and to communicate those goals. A good visual way to do this—and a good family project—is to create a “vision board” that everyone participates in so everyone’s viewpoints are heard.

Sure, there’s a lot to consider here, but a financial professional should be able to provide guidance on what to consider and the pros and cons of each option that comes up. However, the final decisions are up to you and your significant other.

Above all, it’s important to understand the value (not always financial) that each person brings to the relationship and how you can work together as a team to achieve your dreams.

Ronnie Blair contributed to this article.

The information contained herein is for educational purposes only. It is not intended to provide tax, legal or investment advice and you should not rely on it. It is recommended that you seek the advice of a qualified professional before making any decision based on the specific information contained herein.

Financial Advisor, Semmax Financial Group

Michael Sellers is a financial advisor with Semmax Financial Group in Winston-Salem, NC. He has extensive financial services experience and earned his CERTIFIED FINANCIAL PLANNER™ (CFP®) designation while working at Vanguard in 2017. Sellers holds a Bachelor of Arts in Economics from Wake Forest University.

The appearances at Kiplinger were achieved through a public relations program. The columnist was assisted by a public relations firm in preparing this article for submission to Kiplinger.com. Kiplinger was not compensated in any way.

]]>
On Bloomberg TV, Portman discusses the need to pass bipartisan Retirement and China Competitiveness Bills https://winwinlose.net/on-bloomberg-tv-portman-discusses-the-need-to-pass-bipartisan-retirement-and-china-competitiveness-bills/ Sat, 25 Jun 2022 00:34:55 +0000 https://winwinlose.net/on-bloomberg-tv-portman-discusses-the-need-to-pass-bipartisan-retirement-and-china-competitiveness-bills/ June 24, 2022 | Portman difference Senator Portman came to Bloomberg TV to discuss the need to pass bipartisan legislation to make the United States economy more competitive with China and his pension legislation, which he is co-authoring with Senator Ben Cardin (D-MD) wrote. The bipartisan Retirement Security and Savings Act, the fourth retirement security […]]]>

June 24, 2022

|

Portman difference

Senator Portman came to Bloomberg TV to discuss the need to pass bipartisan legislation to make the United States economy more competitive with China and his pension legislation, which he is co-authoring with Senator Ben Cardin (D-MD) wrote. The bipartisan Retirement Security and Savings Act, the fourth retirement security bill co-authored by senators, was passed unanimously by the Senate Finance Committee this week. The legislation would allow people to save more for retirement, help small businesses offer retirement plans, expand access for low-income Americans, and provide more security and flexibility during Americans’ retirement years to provide opportunities for all give to live with dignity in their retirement years. This legislation is the fourth and final jointly introduced pension legislation by the senators.

Excerpts from the interview are below and you can also watch the interview here.

PORTMAN ON THE NEED FOR PASSING LEGISLATION TO FIX THE SEMICONDUCTOR SHORTAGE

“…it’s about the future, because semiconductor manufacturing is about the economy of the future, and it’s critical to our national security to be able to insure some of that chip-making infrastructure back to America.” We originally designed these semiconductors, we had 37 percent of the production here in America 40 years ago, and now we’re down to 12 percent, and if that legislation doesn’t pass, I think we’ll just be single digits before long.

No, I think from what I’ve heard they plan to move forward the issue is timing. They have other countries around the world that give them tremendous incentives to build fabs in their countries. And that’s because other countries, particularly in Europe and Asia, understand that this is part of the future. It’s as if the countries that had the oil in the ground have benefited greatly over the last few decades. Countries with semiconductor production will benefit greatly in the future. You see in places like Ohio, trucks or cars parked in large lots at a racetrack in northern Kentucky as an example, like I saw recently when I flew into our Cincinnati airport and they’re just waiting for semiconductors . Here’s an example: If you’ve ordered a car, you’re probably waiting, and probably because the supply chain is constrained. This is a huge problem for us right now.

“I think so, I still had a lot of conversations about it today. My hope is that we make all the important decisions before we go on break here today or tomorrow, and then finalize some of those decisions over the next two weeks so that we can vote on the bill when we get back. It is certainly important to move forward due to the competition issue with our Asian competitors and our European competitors. It’s also very important to my home state of Ohio. Not only will it create thousands of high-paying jobs, but thousands of construction jobs immediately. Other companies will join as suppliers, which will create more opportunities. These are good, high-paying jobs, so it’s important that we get this done.”

SENATOR PORTMAN ON THE NEED TO PASS BULL-PARTY PENSION SECURITY REFORM

“I definitely am. I’m concerned about what’s happening to people’s retirement savings in the market, both the bond market and the stock market, but I’m also concerned that people aren’t saving as much for retirement because they have that funding need in order to survive. With gasoline prices at $5 a gallon and food and clothing prices skyrocketing, I’m concerned and I think that’s one of the reasons this legislation is so important. It’s time we gave people extra incentives to save for retirement.

An example included in the bill is, as you may know, currently you may have to complete your pension and pay tax on it at a certain age of 72, and we have raised that age to 75. Well, that’s very important to a lot of your viewers who are thinking, “I’m working into my 70’s, why should I withdraw my money and have to pay taxes on it?” But there’s also plenty for small businesses, where the biggest problem right now is not having a plan. PartTemporary workers are insured under this plan, which is very important. We also help with low-income workers to get them banked and included in plans. So there is a lot of good stuff in this legislation. It was approved by the committee yesterday, it’s something we’ve been working on for five years. Senator Cardin is my partner on this, has been on three previous bills, and yesterday’s vote in committee was unanimous, which is rare here. So my hope is that we can get this significant retirement package into the Senate soon. You mentioned that the House of Representatives has comparable legislation, in fact over 30 of our provisions are in the House Act, so over time we have worked with the House to try to overlap these two bills as much as possible. And the President has indicated that he supports it as well.”

###

]]>
Outdoors Notebook – TPWD Director Smith Retires; Duck Stamps for Sale – Herald Democrat https://winwinlose.net/outdoors-notebook-tpwd-director-smith-retires-duck-stamps-for-sale-herald-democrat/ Thu, 23 Jun 2022 17:48:00 +0000 https://winwinlose.net/outdoors-notebook-tpwd-director-smith-retires-duck-stamps-for-sale-herald-democrat/ By Lynn Burkhead, For the Herald Democrat Big news came out of Austin in the last few days as longtime executive director of the Texas Parks and Wildlife Department Carter Smith announced his retirement effective January 2023. Smith, who has been to Grayson County multiple times, including the dedication of Game Warden Station at Lake […]]]>

By Lynn Burkhead, For the Herald Democrat

Big news came out of Austin in the last few days as longtime executive director of the Texas Parks and Wildlife Department Carter Smith announced his retirement effective January 2023.

Smith, who has been to Grayson County multiple times, including the dedication of Game Warden Station at Lake Texoma as well as public hearings on Grayson County’s Whitetail Wars, will complete a nearly 15-year tenure that, according to a TPWD press release, “…enhanced private land management, expanded state parks and wildlife management areas, strengthened conservation, law enforcement and park funding, and brought a renewed focus on connecting young and old Texans to the state’s natural resources.

“Having the opportunity to work with the immensely talented and dedicated men and women in this department has been the privilege of a lifetime,” said Smith. “Their unending passion for managing and protecting Texas’ rich fish and wildlife resources, creating new opportunities for Texan families to get out and create lasting memories of nature, and they help improve the land and waters, habitats and… Leaving our home parks ground to make it better than before was a huge inspiration to me personally and professionally.

“I owe a great debt of gratitude to Chair Aplin and to the entire TPW Commission past and present for their trust in me, their leadership, mentorship and commitment to advancing our mission. Last but not least, as a father, athlete, conservationist, and proud Texan, I am beyond grateful for all the landowners, land managers, outdoor enthusiasts, and partners across Texas who not only make conservation possible, but actually happen.”

Smith began his career in 1992 as a TPWD management intern in the Wildlife Division, eventually becoming the state director of The Nature Conservancy of Texas and the first executive director of the Katy Prairie Conservancy. He has been Managing Director of TPWD since January 2008.

Stay tuned for future issues of the Herald Democrat Outdoors for more information on Carter Smith, his retirement from TPWD and his enduring legacy in the state of Texas.

Federal Duck Stamps Go on Sale – Hunting season can’t be far away as the 2022-23 Federal Duck Stamp goes on sale this week on Friday, June 24th.

The stamps, which feature Minnesota artist James Hautman’s painting of a redhead floating on water, cost $25. According to Ducks Unlimited, the sale of federal duck brands raises about $40 million for conservation purposes each year.

“Purchasing Federal Duck Stamps is one of the easiest ways to support habitat conservation,” DU CEO Adam Putnam said in a press release. “The stamps are one of the most successful conservation tools ever created to provide a source of funding for conservation.

“For every dollar spent on a Federal Duck Stamp, 98 cents is used by our friends at the US Fish and Wildlife Service to acquire and protect waterbird habitat. The first day of sale is our opportunity to celebrate and support the waterfowl and wildlife we ​​love so much.”

Stamps can be purchased online, from licensed vendors, or from your local US post office.

]]>
Reverse Mortgage Funding LLC (RMF) Expands Arizona Presence to Meet Rising Demand for Reverse Mortgage https://winwinlose.net/reverse-mortgage-funding-llc-rmf-expands-arizona-presence-to-meet-rising-demand-for-reverse-mortgage/ Tue, 21 Jun 2022 14:30:00 +0000 https://winwinlose.net/reverse-mortgage-funding-llc-rmf-expands-arizona-presence-to-meet-rising-demand-for-reverse-mortgage/ RMF has six Arizona-based loan officers dedicated to serving elderly homeowners across the state BLOOMFIELD, NJ / ACCESSWIRE / June 21, 2022 /Reverse Mortgage Funding, LLC (RMF) today announced its expanded presence in the State of Arizona. RMF’s Arizona-based loan officers are headed by Scottsdale Branch Manager Robin King and include David Christensen, Neal Melton, […]]]>

RMF has six Arizona-based loan officers dedicated to serving elderly homeowners across the state

BLOOMFIELD, NJ / ACCESSWIRE / June 21, 2022 /Reverse Mortgage Funding, LLC (RMF) today announced its expanded presence in the State of Arizona. RMF’s Arizona-based loan officers are headed by Scottsdale Branch Manager Robin King and include David Christensen, Neal Melton, Deb Vallow and William Troy Vallowin Scottsdale and Doug Polk in Sahuarita. This dedicated group of loan officers have decades of experience in the reverse mortgage industry.

According to RMF loan data, Arizona ranked fifth nationwide for most reverse mortgage loans issued in 2021. RMF anticipates that homeowner interest in the Arizona reverse mortgage market will increase in the years to come and this expanded team will be able to serve senior homeowners in all areas of the state.

“The state of Arizona remains one of the strongest reverse mortgage markets in the country and is key to the continued growth of our business,” said David Peskin, President of RMF. “Arizona homeowners over the age of 55 are eligible for Equity Elite®, RMF’s proprietary reverse mortgage product. We’re excited about expanding our team in Arizona and look forward to helping clients in this space use their home equity in a smart and strategic way that improves their cash flow and retirement lifestyle.”

“Our Arizona-based loan officers are well connected to their communities. Many live in retirement homes and have daily contact with retirees,” said Richard Thorpe, Distributed Retail Leader at RMF. “These loan officers have first-hand knowledge of many of the financial challenges and concerns facing retirees and early retirees today. They are well versed in reverse mortgage strategies and want to educate clients on how they can use home equity to offset things like inflation and market instability.”

RMF is dedicated to helping older Americans achieve their imagined retirement lifestyle, all from the comfort of their own home. Consistent with the company’s commitment to providing exceptional customer support, hassle-free advice, and an exceptional customer experience, RMF has lowered the minimum age requirement to 55+ in certain states* for its proprietary reverse mortgage product, Equity Elite®. These lowered age restrictions now qualify an additional 2.7 million households for a reverse mortgage, Granting the opportunity to have a larger cash flow, especially for those who have not been able to save enough for a successful retirement.

To learn more about reverse mortgage funding, please visit ReverseFunding.com

About Reverse Mortgage Funding LLC

Founded in 2012, Reverse Mortgage Funding LLC (NMLS ID #1019941) is one of the nation’s largest GNMA issuers of reverse mortgages and a recognized industry thought leader. RMF focuses on the origination, acquisition, investment in and management of reverse mortgage loans and securities backed by reverse mortgage loans. The company is headquartered in New Jersey, with offices in New York and California, and field offices throughout the United States. RMF is a wholly owned subsidiary of Reverse Mortgage Investment Trust Inc. (RMIT), a specialty finance company in the reverse mortgage space. RMIT is an affiliate of Starwood Capital Group, a global private investment firm and an innovator in non-agency mortgages. The relationship with Starwood Capital gives RMF the unique ability to develop new product lines and form strategic partnerships within the Starwood Capital family of companies.

RMF prides itself on consistently receiving high praise from its customers – a 98% customer satisfaction rate1 Valuation; a rating of 4.7 stars / Excellent on Trustpilot;2 4.8 out of 5 stars on LendingTree;3 and an A+ rating from the Better Business Bureau4.

*Only available to borrowers 55 and older in select states. Higher minimum age requirements may apply. Visit www.reversefunding.com/equity-elite for details.

Research data from Reverse Market Insight, June 2021.

1Source: RMF Customer Satisfaction Survey, December 2021

2Source: Trustpilot as of January 2022

3Source: LendingTree Ratings and Reviews as of January 2022

4Source: Better Business Bureau as of January 2022

This material has not been reviewed, approved or issued by HUD, FHA or any governmental agency. The Company is not affiliated with HUD/FHA or any other governmental entity or acting on behalf of or at the direction of HUD/FHA.

NOT FOR CONSUMER USE. ©2022 Reverse Mortgage Funding LLC, 1455 Broad Street, 2nd Floor, Bloomfield, NJ 07003, 1-888-494-0882. Company NMLS ID: #1019941. For licensing information, visit: www.nmlsconsumeraccess.org. Arizona Mortgage Banker License #0927682; Licensed by the Department of Financial Protection and Innovation under the California Residential Mortgage Lending Act; Loans granted or arranged pursuant to a license under the California Funding Act; Georgia Mortgage Lender Licensee No. 36793; Massachusetts Mortgage Lender License #ML1019941; Licensed by the New Jersey Department of Banking & Insurance; Licensed Mortgage Banker-NYS Department of Financial Services – State Branch 700 Corporate Blvd, Newburgh, NY 12550; Rhode Island Licensed Lender. For California Consumers: For information about our privacy practices, please visit https://www.reversefunding.com/privacy. Not all products and options are available in all states. Conditions are subject to change without prior notice. Certain terms and fees apply. This is not a loan commitment. All credits subject to approval. L4330-Exp012023

Media contact:

Tyler Bryant, Interdependence Public Relations
(813) 951-4169
tbryant@interdependence.com

SOURCE: Reverse Mortgage Financing, LLC

View source version on accesswire.com:
https://www.accesswire.com/705932/Reverse-Mortgage-Funding-LLC-RMF-Expands-Presence-in-Arizona-to-Meet-Rising-Demand-for-Reverse-Mortgages

]]>
What to do with savings and investments before a recession? https://winwinlose.net/what-to-do-with-savings-and-investments-before-a-recession/ Sat, 18 Jun 2022 11:52:37 +0000 https://winwinlose.net/what-to-do-with-savings-and-investments-before-a-recession/ If you shop through our links, Insider may earn an affiliate commission. Learn more. Loading Something is loading. In recent years I have done everything to strengthen my entire financial portfolio. Because I spent most of my 20s making money mistakes (from not not having an emergency fund or retirement account to running up credit […]]]>

If you shop through our links, Insider may earn an affiliate commission. Learn more.

In recent years I have done everything to strengthen my entire financial portfolio. Because I spent most of my 20s making money mistakes (from not not having an emergency fund or retirement account to running up credit card debt), I vowed to be more strategic with my money in my 30s.

Now that I’ve laid a good foundation, a solid budget that I follow most months, and find new ways to earn passive income, I’m looking for ways to secure my finances in case of another pandemic or emergency


recession

interrupts my ability to make money; I lost part of my income at the beginning of COVID and I don’t want to repeat this experience.

With the talk of a recession on the horizon, I decided to talk to financial planners to learn more about how to align and transform my investment, retirement, and personal savings strategies.

Personal Savings

I’ve been keeping a close eye on my personal finances and trying to get back to a tight budget to prepare for a recession. Lately I’ve been wondering if I should be doing more.

Financial planner Jay Zigmont says preparing your personal savings for a possible recession requires a few key steps: Establishing a budget; pay off debts; and building your emergency fund.

“For most people, the biggest impact of a recession would be job losses,” says Zigmont. “If you lose your job, you’ll be glad you did those things.”

Financial planner Adam Deady agrees and recommends making plans now to pay off debt when the economy is strong. If it hits a recession, Deady says fully funding an emergency fund should be a priority.

“If you can pay off that type of debt by the next recession, it will make it a lot easier to pay your expenses if your income drops for any reason or for a period of time,” says Deady.

If you already have three to six months of expenses saved in your emergency fund, financial planner Danielle Miura recommends preparing to add an additional month of expenses to that account.

“It can give you the protection you need so you don’t have to worry about additional liabilities in a downturn,” says Miura.

investment strategy

As someone who only started investing a few years ago, I wondered if I should do something with my money that’s on the market if a recession hits.

Financial planner Dustin Newton says if you’re investing for the long term, you shouldn’t panic about a looming recession. While you might want to dump some investments when you need the money, stick with a strategy that encourages you to sell when prices are low.

However, Newton says that if you have money to invest, you should consider buying recession-friendly sectors (like consumer staples, utilities and healthcare). Stocks that have been paying dividends for many years are also good choices, as these tend to be long-established companies that can weather a downturn.

Outside of stocks, Newton advises buying real estate.

“When a recession hits and property values ​​fall, it can be an investment property buying opportunity. If you can rent a property to a reliable tenant, you’ll have a steady stream of income while you weather the recession,” he says to Newton.

retirement provision

If a recession hits and I lose revenue, I may have to adjust my entire financial strategy. Despite having the lofty goal of retiring a millionaire, I’ve been wondering if a recession would mean I should pause contributions to my SEP IRA retirement account.

Miura says that might not be the best idea, as continuing to invest in your retirement plan will help you reduce the average dollar per share in your portfolio. If you work for a company that qualifies for 401(k) contributions, you should definitely not stop contributing.

“In the long run, you will benefit greatly from your contributions,” says Miura. “It’s important that employees continue to take advantage of employer benefits and strive to get free money wherever they can.”

]]>
Bloomington School Board Honors Retired Superintendent Reilly | local education https://winwinlose.net/bloomington-school-board-honors-retired-superintendent-reilly-local-education/ Thu, 16 Jun 2022 03:15:00 +0000 https://winwinlose.net/bloomington-school-board-honors-retired-superintendent-reilly-local-education/ BLOOMINGTON — The Bloomington School Board honored retired District 87 Superintendent Barry M. Reilly Wednesday night before he filled a vacancy and finalized this year’s budget. “This job, like any leadership role, isn’t one you do alone,” Reilly said. “Anything I’ve ever done on my own, I’ve always done with the help of others.” Reilly […]]]>

BLOOMINGTON — The Bloomington School Board honored retired District 87 Superintendent Barry M. Reilly Wednesday night before he filled a vacancy and finalized this year’s budget.

“This job, like any leadership role, isn’t one you do alone,” Reilly said. “Anything I’ve ever done on my own, I’ve always done with the help of others.”

Reilly will be succeeded on July 1 by David Mouser, outgoing Superintendent of Downs-based Tri-Valley Schools.

A statement from former Superintendent Robert Nielsen, presented by John Durst, touched on their relationship, which has spanned more than 30 years in the Bloomington-based county. Reilly was a teacher, coach, assistant principal and principal at Bloomington High School, then spent seven years as assistant chief of human resources before succeeding Nielsen in 2010.

Julie Riley, President of the Bloomington Education Association, who was the only person to speak during the public comment phase of the meeting, used the allotted time to congratulate Reilly on his resignation.

“We’ve seen you move through your various roles in the district, taking on additional responsibilities and exemplifying what we want for both our students and our staff,” Riley said. “It’s not goodbye, it’s goodbye, maybe because I think we’ll keep seeing you as there’s no greater champion in District 87.”

State Assemblyman Dan Brady, R-Bloomington, spoke at the meeting about Reilly’s work in ensuring that students in grades 6-12 had internet-enabled devices and online access in 2014 and his efforts to respond to the COVID 19 pandemic in 2020.

“Thank you, Dr. Reilly, of the 96th General Assembly of the Illinois House of Representatives, and we send you our best wishes and deepest gratitude for your service to the community, to the education system, and to all students graduating from elementary school, high school, and, yes, even higher education ‘ Brady said.

Following Reilly’s recognition, the board appointed Valeda Harvey to replace Tammy Houtzel, who recently became vacant.

Harvey, who is originally from Bloomington and returned to the area in 2013 with her three children, succeeded Houtzel, a seven-year-old member who resigned in April because she moved out of the district.

Harvey’s two older sons graduated from Bloomington High School and their youngest daughter will be a senior this fall.

“It is a special opportunity that has been presented to me again. I was in District 87 as a student, I’ve seen it as a parent and now as a board member,” Harvey said. “Once a hunter, always a hunter”

After reviewing 14 applicants and interviewing five, the Board approved Harvey’s appointment to fill the vacancy until the end of the term in April 2023, when the next school elections are scheduled.

“I am very pleased that Valeda will serve on this board. She’s been a huge supporter of District 87 since she came here from California with her kids,” Reilly said. “I had the opportunity to meet her immediately and I was very impressed by this woman and what she stood for and her family. I’m so glad District 87 will benefit from having her on this board.”

WD Boyce Council Scouts Celebrate 50th Anniversary With Nature

Harvey is a paralegal at Pioletti Pioletti & Nichols, previously worked at the McLean County Law and Justice Center and has served on several committees of the Wayman African Methodist Episcopal Church, the Bloomington-Normal Area Sports Commission and the Westminster Village Board of Trustees.

The school board also voted to reappoint President Mark Wylie and Vice President Elizabeth Fox Anvick as board members.

In other matters, the school board approved a tentative amended budget for fiscal year 2022, which ends June 30.

Since the board approved the preliminary budget in September, projections now show a deficit of $621,260, down from the $3.5 million originally calculated.

The narrower deficit is attributed to increased income from the education fund, errors in the state funding calculation and a drop in spending, Chief Financial and Facilities Officer Michael Cornale said.

Education fund revenue was up $2.7 million, which included increases in corporate tax revenue to replace private property and property taxes, and a reduction in interest income, he said.

Cornale said a $243,258 cut in education fund spending is also planned.

Revenue and expenses from the capital projects were reduced by $1.5 million after the school board shifted money from the camera upgrade project to the operations and maintenance fund, Cornale said.

The reallocation of money for the camera project adds $500,000 to the O&M fund’s income and expenses.

Trump’s campaign rally for Rep. Mary Miller seems increasingly likely

]]>
Rubio is launching a campaign to prevent federal employees’ savings from going to Chinese companies https://winwinlose.net/rubio-is-launching-a-campaign-to-prevent-federal-employees-savings-from-going-to-chinese-companies/ Mon, 13 Jun 2022 22:36:00 +0000 https://winwinlose.net/rubio-is-launching-a-campaign-to-prevent-federal-employees-savings-from-going-to-chinese-companies/ Message Analysis Sen. Marco Rubio (R-Fla.) is unrelenting in his campaign to pressure Federal Retirement Thrift Investment Board (FRTIB) officials to invest the savings of US military and civilian personnel in Chinese companies. In an exclusive publication for The Epoch Times late June 13, Rubio released a hard-hitting, fact-packed 3:30 minute YouTube video titled “Are […]]]>

Message Analysis

Sen. Marco Rubio (R-Fla.) is unrelenting in his campaign to pressure Federal Retirement Thrift Investment Board (FRTIB) officials to invest the savings of US military and civilian personnel in Chinese companies.

In an exclusive publication for The Epoch Times late June 13, Rubio released a hard-hitting, fact-packed 3:30 minute YouTube video titled “Are You Retiring in China?”. Created by its staff, it argues that such investments only benefit the Chinese Communist Party (CCP), which controls Beijing’s increasingly aggressive and hostile regime led by Premier Xi Jinping.

“We know these Chinese companies are not playing by the rules. There is absolutely no reason why military and federal employee pension plans should fund companies that work with the Chinese government and military,” Rubio told The Epoch Times.

The FRTIB and its Thrift Savings Plan (TSP) is a vehicle introduced by a 1984 reform proposed by President Ronald Reagan to convert the main federal civil service retirement program from a defined benefit plan to a defined contribution approach, as it was then widely used spread was taken over into the corporate world.

Since then, billions of dollars have been invested in the TSP by federal officials, making it a potentially lucrative target for sellers of indexed investment vehicles composed of multiple countries across a variety of industries.

Rubio’s new video comes despite his success on June 2, when he worked with Republican Senate colleagues to secure a pledge from President Joe Biden’s four FRTIB nominees that they would not invest in savings from military or government employees in Chinese companies will approve.

A Rubio staffer also pointed to a recent report by the Financial Times, which said: “For Xi, funding China’s transformation into a global hub for high-tech innovation is central to national defense. In a speech published last year in the country’s leading journal of Communist Party theory, he warned that “only if we have the key technologies in our own hands can we fundamentally guarantee national economic security, national defense security and other securities.” keep.”

In the video, Rubio is featured in excerpts from several Senate speeches, media interviews and public addresses declaring that sending the retirement savings of soldiers and civil servants to Chinese firms only strengthens America’s most dangerous international adversary.

“The fact is, if you do business with a Chinese company, you end up doing business with the Chinese Communist Party,” Rubio reads in a segment he tells a trade association.

In another speech from a Senate speech, Rubio tells his colleagues that “Your pension funds help federal employees, including members of the House and Senate, capitalize on companies that are actively trying to put American industry out of business forever.” “

In a third paragraph, Rubio explains: “This is not a political game, it has nothing to do with it, it is not about politics. Don’t we understand where we’re going? You have a country that is actively saying, “We’re going to drive you out, we’re going to be the most powerful country in the world, and we’re going to do it at your expense.”

From the start, Rubio has fought against the move to allow such investments, which began in 2015 under President Barack Obama and then-Vice President Joe Biden.

Last month, Rubio, along with Sen. Tom Cotton (R-Ark.), Sen. Tommy Tuberville (R-Ala.), Sen. Roger Marshall (R-Kan.) and Sen. Rob Portman (R-Ohio) warned the FRTIB acting chairman David Jones said the board should not implement its proposed new investment fund window that would allow investments in several Chinese companies as well as companies based in other countries that pose serious national security problems for the United States.

At the same time, the bipartisan House pair of Rep. Greg Murphy (RN.C.) and Rep. Jimmy Panetta (D-Calif.) warned the FRTIB.

“U.S. soldiers and other federal employees would likely be shocked to learn that the FRTIB does not know what companies make up these approved funds or the risk those companies pose,” the senators wrote in a May 24 letter.

“They don’t want their pension money to fund the CCP’s development of advanced weapon systems and military modernization. They do not want to be involved in promoting the genocide of the Uyghurs, equipping concentration camps, and trafficking in slave labor.

“They don’t want to invest in an opaque mutual fund platform where Chinese companies don’t comply with federal securities laws or submit to appropriate disclosure requirements. When investing through TSP, they rightly expect the FRTIB to protect them and their investments from this type of dangerous investment.

In response to Rubio and the other congressmen, the four Biden candidates agreed to oppose such investments.

“We agree that it is inappropriate for Americans to invest in companies in China or elsewhere that undermine US national security. Congress gave the Treasury Department’s Office of Foreign Assets Control (OFAC) the authority to ban any American from making such investments.

“We fully support OFAC’s ability to exercise its powers, and we commit that any entity banned by OFAC, whether based in China or elsewhere, will not be included in a TSP fund,” said nominees Rubio and den Senators Cotton and Tuberville in a June 2 letter letter.

The four Biden nominees are Dana Bilyeu, Leona Bridges, Michael Gerber and Stacie Olivares. If confirmed by the Senate, the nominees will join the five-member FRTIB. Rubio, who had previously put the nominations on hold, said on June 2 that he has now lifted his hold to allow the Senate to complete its review.

congressional correspondent

consequences

Congressional Correspondent for The Epoch Times.

]]>
US Treasury Secretary; Bitcoin falls https://winwinlose.net/us-treasury-secretary-bitcoin-falls/ Sat, 11 Jun 2022 13:29:09 +0000 https://winwinlose.net/us-treasury-secretary-bitcoin-falls/ People should not rely on investing in cryptocurrencies as part of their retirement strategy, said Janet Yellen, an American economist and the 78th US Secretary of the Treasury. They think the asset class is “very dangerous,” and Congress should warn the general public about the danger, according to CryptoPotato.com. Yellen has warned people against adding […]]]>

People should not rely on investing in cryptocurrencies as part of their retirement strategy, said Janet Yellen, an American economist and the 78th US Secretary of the Treasury. They think the asset class is “very dangerous,” and Congress should warn the general public about the danger, according to CryptoPotato.com.

Yellen has warned people against adding digital assets to their retirement plans. She said that cryptocurrency is “a very risky investment,” adding that Congress should explain what assets can be added to retirement options like 401(k) plans.

Incidentally, Fidelity Investments, which is considered one of the world’s leading wealth managers, said in April that investors could add Bitcoin to their 401(k) retirement plans.

Yellen’s views on crypto are extremely conservative. In the past year she had spoken out against the Bitcoin sector several times. Two years ago, she said that bitcoin and other altcoins could have some benefits for the US financial system, but they could also be used to finance terrorism and money laundering. Yellen soon branded BTC as a highly speculative asset and inefficient for transactions.

In other news, Crypto.com is laying off much of its workforce, according to sources privy to the matter. The cuts are the latest grudging response to a battered digital asset market stuck in the doldrums.

Efforts by liquidity providers to diversify revenue streams away from spreads on trading fees have yet to bear fruit. A source said that cryptocurrency exchanges have become “totally dependent on trading fees.” The industry’s troubles come at a time when institutional investors are taking digital assets increasingly seriously. Crypto.com signed Lebron James to be the face of its promotional efforts, capping a $1 billion boost.

crypto prices

The price of Bitcoin on the cryptocurrency market fell 3.69 percent in the last 24 hours, trading at $28,888.48 as of 4:45 p.m. IST. According to Coinmarketcap.com, its dominance of the crypto market currently stands at 47.11 percent, up 0.61 percent over the past 24 hours.

In the last 24 hours, Ethereum (ETH) has traded at $1577.92, down 10.92%, while Binance Coin (BNB) is down 2.51% over the same period, trading at $281.46 became. Solana (SOL) is down 8.96 percent to $35.86, while Cardano (ADA) is down 4.99 percent to $0.5815.

meme coins

Dogecoin was trading at $0.07435 as of 4:45 PM IST, down 5.65 percent on Coinmarketcap.com. Its rival Shiba Inu is down 7.07 percent to trade at $0.000009747. Samoyedcoin is down 8.42 percent to trade at $0.005375, while Dogelon Mars is down 10.73 percent to trade at $0.000000372.

overall scenario

According to Coinmarketcap.com, the global crypto market cap stood at $1.17 trillion, down 4.78 percent over the past 24 hours, while the total volume of the crypto market was $70.84 billion, a increase of 19.70 percent.

Metaxa METAXA was the biggest gainer, up 551.42 percent. It was trading at $0.000001752 as of 4:45 p.m. IST, according to Coinmarketcap. In contrast, Expanz XPANZ saw the maximum loss, falling 99.96 percent. It traded at $0.01289.

]]>
Pritzker highlights pension consolidation, budget investments for first responders https://winwinlose.net/pritzker-highlights-pension-consolidation-budget-investments-for-first-responders/ Thu, 09 Jun 2022 00:07:00 +0000 https://winwinlose.net/pritzker-highlights-pension-consolidation-budget-investments-for-first-responders/ SPRINGFIELD, Ill. (WGEM) – Gov. JB Pritzker met with leaders of the Associated Fire Fighters of Illinois in Springfield on Wednesday. The group discussed recent pension consolidation and investments in the fiscal 2023 budget to help first responders. AFFI members and the governor emphasized efforts to secure retirement benefits for firefighters. Pritzker said his government […]]]>

SPRINGFIELD, Ill. (WGEM) – Gov. JB Pritzker met with leaders of the Associated Fire Fighters of Illinois in Springfield on Wednesday. The group discussed recent pension consolidation and investments in the fiscal 2023 budget to help first responders.

AFFI members and the governor emphasized efforts to secure retirement benefits for firefighters. Pritzker said his government has been working with AFFI members, community leaders and lawmakers to consolidate some of the 655 local police and firefighter pension plans to improve returns on investments.

Now the state is pouring billions of dollars into a pension fund to generate good returns and lower fees for first responders.

“It’s also great for property taxpayers in local communities where they’ve seen upward pressure on property taxes because the returns in each fund haven’t been great,” Pritzker said.

The governor said lawmakers have been trying to address this issue for 75 years. AFFI President Chuck Sullivan said the organization is pleased with the $7.5 billion investment in the firefighters’ pension fund. Members also thanked Pritzker for protecting death benefits for families and children of fallen firefighters.

Fire chiefs also reflected on traumatic things they see at work and the fact that those images stay with them. Pritzker told AFFI members he wants to make more mental health and drug use treatments available to first responders. The governor said he would like to see lawmakers pass a plan during the next session for a standardized, anonymous way for first responders to request this treatment without fear of retaliation.

“There are now channels to do that. I think it’s just harder than it should be,” Pritzker said. “We don’t want it to affect your record. It should be so that you can get help and not find out later that a boss is stopping you from making progress.

Pritzker also said he will stand with first responders to support the workers’ rights change. He stressed that workers should be able to organize themselves and that laws should not be constantly changing from one administration to the next. Illinois voters will decide in November whether to include the amendment in the state constitution to protect the right to association and collective bargaining.

“From day one, Governor Pritzker has stood by firefighters and paramedics across the state,” Sullivan said. “His support for issues affecting our pension security, protection against workplace injuries and ability to collectively bargain has never faltered. His record speaks for itself and it is reassuring to know that the governor has our best interests at heart.”

Sullivan also asked Pritzker to work with lawmakers to find a new way to recruit more firefighters and paramedics. He noted that it was still a good job with a pension and decent pay. Sullivan said 1,000 people were willing to test themselves as a firefighter when he started in 1995. He stressed that the number of workers has dwindled in recent years and a task force with stakeholders could help draw more attention to the importance of First Responder.

“I think people take a lot of pride in being a firefighter or paramedic and helping people. There are kids who grow up dreaming of doing what you all do,” Pritzker said. “I think we’re going to get back to more normality over the next few years, but in the meantime, we all have to think about how to attract people to fill these open positions.”

Some AFFI members suggested the state could provide more grants to help people train to become paramedics. They found that paramedic programs take about two years to develop the right skills needed for the job. Pritzker noted that Illinois has increased MAP grant funding by 50% since taking office. He said there are special MAP grant funds for people in community colleges who might want to pursue firefighter training. But Pritzker said there are other ways to create grants to give people equal access to training programs and first responder jobs.

Copyright 2022 WGEM. All rights reserved.

]]>
Manhattanville College President Dr. Michael Geisler announces his resignation https://winwinlose.net/manhattanville-college-president-dr-michael-geisler-announces-his-resignation/ Mon, 06 Jun 2022 20:55:42 +0000 https://winwinlose.net/manhattanville-college-president-dr-michael-geisler-announces-his-resignation/ 13th of Manhattanville Collegeth President, Michael E. Geisler, Ph.D., who has led the school into a new era and successfully guided it through the pandemic, has announced that he will be retiring effective June 30. Louise Feroe, Ph.D., former acting president and former interim provost, will serve as interim president as the college conducts a […]]]>

13th of Manhattanville Collegeth President, Michael E. Geisler, Ph.D., who has led the school into a new era and successfully guided it through the pandemic, has announced that he will be retiring effective June 30.

Louise Feroe, Ph.D., former acting president and former interim provost, will serve as interim president as the college conducts a statewide search for Geisler’s successor beginning this summer.

“DR. Geisler brought and imparted a vision to combine the traditional strengths of a liberal arts curriculum with the modern needs of educating a humane workforce for tomorrow’s marketplace,” said Michael C. Dunn, alumnus and Board of Trustees-elect at Manhattanville College, speaking on behalf of the Board of Directors, “More than an administrator, Dr. Geisler was immersed in the culture and mission of Manhattanville and deeply valued our 175+ years as a college. He was an integral part of the history of Manhattanville, and his contributions will be felt for generations to come.”

In homage to Geisler’s tenure, the board of trustees announced that they would rename the school’s Center for Design Thinking, one of Geisler’s outstanding achievements, in his honor. They also grant him President Emeritus status at the college.

Since arriving in 2016, Geisler, unanimously elected by the school’s board of trustees, has transformed Manhattanville College into a more modern version of a liberal arts school that combines the values ​​and tradition of a well-rounded liberal arts education with professional education and other career-oriented ones programs. Under his leadership, the school established a new School of Nursing and Health Sciences in 2020 and formed partnerships, including one with the New York Institute of Finance in 2021, which will attract new students and revenue.

Under Geisler’s leadership, Manhattanville was recognized US News and World Report as the number one private nonprofit school in the Regional Universities North category for Top Performers of Social Mobility and was recognized by the US Department of Education as a Hispanic Serving Institution, which has enabled it to serve more Latinx students to recruit and seek funding nationwide to support them.

One of Geisler’s outstanding achievements was the founding of the school’s Center for Design Thinking. The center has helped attract new students and is a marriage between Manhattanville’s liberal arts tradition and a new way of employing critical thinking skills that are more compatible with the modern era. College students can now earn a certificate in design thinking, making them more marketable to employers.

Geisler’s leadership has been vital throughout the COVID-19 pandemic, helping keep the school open and operational, transitioning to a hybrid model, and later reopening and maintaining one of the lowest infection rates among colleges in the state. During this time, Manhattanville also refinanced its capital debt at lower interest rates and laid out a strong financial plan for the future.

Geisler retires to spend time with his family and to travel. He said he was honored to have served as President and proud to be leaving Manhattanville in such a good place.

“Our incoming class this fall will have the largest annual increase in a single year in decades,” Geisler said. “We’re up more than 50% in freshman/full-time students and more than 40% in transfer students this fall. For the first time in years we will very likely have more than 400 new students this fall. Graduate admissions are also showing early signs of a significant increase this fall.”

“It has been a great privilege to lead this college even during the pandemic, and leaving Manhattanville with an unprecedented surge in enrollment gives me confidence that I have done the work I was hired to do six years ago,” said Geisler. “Manhattanville will always have a special place in my memories.”

]]>