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Local 2409 Microsite
News
RETIREES' COMMITTEE REPORT1/11/2007
Brothers - At the Union meeting today we installed the new officers. I don't have my notes with me so I will try to tell you them from memory.
President - Tom Hills. Vice President - Ed Ice. Recording Secretary - David Jarboe. Trustee - Billy Matingly. Secretary Treasurer - Chris Pinkerton. - - - I don't remember the rest. Will have to tell you later.
Ed
Sorting out the financial affairs of a deceased loved one? You can look for the Social Security Number of any deceased person for freeat the Social Security Death Index (SSDI), www.ssdi.rootsweb.com.
Considering a long-term-care insurance policy? Look for the following: A benefit period of at least three years. The average nursing home stay is 2.5 years. A daily benefit amount that is 100% of the prevailing nursing home cost in your area. You can find out that amount by contacting your state's Department of Aging or ask the LTC insurance provider. Home health care coverage. Make sure that benefits will be paid even if you don't need to enter a nursing home but do need at-home care. Inflation protection. Your premiums stay level, but your daily benefit typically increases by 5% a ayear. For additional information on LTC policies contact your state's Office of Commissioner or Department of Insurance or a link @ www.naic.org and click on NAIC States & Jurisdictions.
If you are house-rich but cash-poor in retirement, you can tap the value of your home by using a reverse mortgage. You might even use parts of the proceeds to purchase LTC insurance. To reserch reverse mortgages go to www.aarp.org/money/rvmort. For a list of lenders contact the National Reverse Mortgage Lenders Association (866) 264-4466 or www.reversemortgage.org.
A defined-benefit pension plan is considered fully funded if assets at the end of the year are expected to equal at least 90% of the plan's current liability. Many plans aren't fully funded, yet still will be able to meet their commitments.
Invest a few hours each month, and you can keep your house looking great and avoid expensive repairs down the road. January - Start a to-do list. Walk through your home, jotting down projects and maintenance problems you notice or that have been on your mind. Carry a screwdriver and a can of WD-40 so you can immediatly take care of minor issues such as loose door handles and squeaky hinges. Declutter your closets and laundry room. Throw away anything you don't need. Buy additional shelves, hooks and boxes to organize everything that remains. Consider your flooring. January is a slow for carpet sellers and floor refinishers, soit is a good time to get a deal on a replacement or spruce-up. Other ideas coming up in February.
Respectfully submitted,
Brad Cecil, Chairman
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Last modified: 2/18/2010
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