business and finance

Page 10 THE GARVIN COUNTY NEWS STAR

Financial Advice Agribusiness News Local Business News

Thursday, August 23, 2012

Roth IRA: For your retirement and beyond

Texting
ers more than 500,000 times. Working with TV and music celebrities to deliver a strong no-texting-whiledriving message via TV ads, concerts, public appearances, Twitter and Facebook. Launching an aggressive social media campaign with advertising on Facebook and Twitter to encourage Americans to take the pledge and to share their pledges with their friends via social media. Educating the public using TV ads on the dangers of texting while driving that will run during high-profile events and teen-focused programs. Working to provide a toolkit of no-texting-whiledriving information to every high school in the country. *Challenging device makers and app developers to work with AT&T so that all devices include a pre-loaded, no-text-and-drive technology solution as soon as possible. Launching an online driving simulator at www. itcanwait.com in the corning weeks so that anyone with access to the Internet can experience the dangers of texting while driving. Bringing an in-car simulator to more than 200 locations before the end of this year. Enlisting others including law enforcement, educators, national retailers, consumer safety groups, legislators and the entire wireless industry to join the no-textand-drive movement. Asking more than 1,000 of AT&T's strategic and other major suppliers to encourage their employees to pledge not to text and drive. "The Oklahoma Sheriff's Association is proud to be involved with AT&T to bring to the forefront the impact of texting while driving, which is an evident distraction to drivers," said Bill Winchester, President of the Oklahoma Sheriffs Association. "The problem has become so prevalent that agencies nationwide are looking at this serious problem. "I believe that next to driving while under the influence this is becoming a leading cause of vehicle and pedestrian accidents. "These are intentional acts committed by drivers. Like alcohol and drugs, it's a choice, a bad choice. "I applaud AT&T for taking this type of initiative to save lives, and I hope everyone in Oklahoma will sign the pledge not to text and drive," Winchester said. "Working with teens dayin and day-out, we see firsthand the impacts that peer pressure and peer influence have on the decisions they make," said Sandra Spavone, executive director of the National Organizations for Youth Safety (NOYS). "That's what makes AT&T's efforts so effective. They understand that by working with these teens and incorporating their feedback programmatically ultimately, we'll reach even more of that critical and impressionable audience with a message they'll hear." Together with NOYS, AT&T has pioneered more than 12 teen-led, teen-focused educational summits, with plans to hold 10 or more locally by the end of the year. NOYS is a collaboration of national, youth-serving organizations, including non-profit organizations such as Students Against Destructive Decisions (SADD) and Mothers Against Drunk Driving and govern-

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If you're somewhat famil- from your Roth IRA. And iar with investing, you may by leaving your account know that the Roth IRA is intact for as long as posa great retirement-savings sible, you'll potentially have vehicle. But are you aware more money available for a that some of its benefits can variety of options one of also pay off for the next gen- which may involve leaving eration of your family? sums to your beneficiaries. To understand why this Your non-spouse benis so, it's necessary to be eficiaries must take annual familiar with a Roth IRA's required minimum distrifeatures. butions, but they have the For starters, when you option to take the distribucontribute to a Roth IRA, tions over their lifetime. your earnings have the Keep in mind, though, potential to grow tax free, that your Roth IRA is part provided you don't of your estate for purstart taking withposes of federal estate drawals until you're taxes. 59E1 and you've had In 2012, your estate your account at least would be subject to five years. these taxes if it were The amounts you worth more than contributed aren't $5.12 million (or less, taxed when withif you made certain GREG drawn because gifts). HENDRIX you've already paid FINANCIAL In 2013, however, taxes on the money this amount is schedFOCUS you put in. uled to drop to $1 milAnd the potential lion unless Congress for tax-free earnings can acts on this issue. continue even when your Some states also have beneficiaries inherit your estate taxes that apply at Roth IRA, though you'll amounts less than the fedneed to consult with your eral amount. tax advisor on this issue. In any case, if you have A Roth IRA also offers a sizable estate, you should other features that can help consult with your tax and you build resources for legal advisors. retirement while possibly When you invest in a helping your surviving fam- Roth IRA, your goal, first ily members. and foremost, is to help For one thing, you can fund your retirement. contribute to your Roth IRA In fact, basically all your for as long as you have some decisions regarding your earned income, up to the Roth IRA how much to contribution limits, and as contribute, where to invest long as you meet certain the money and when to income limitations. begin taking withdrawals Even if you've officially should be based on your "retired," you might do own retirement goals. some consulting or partHowever, as a side benefit time work. So you could put to investing in a Roth IRA, some of your earnings into you may find that you could your Roth IRA. help out the next generation, This ability to keep fund- or two, of your family. ing your Roth IRA virtually indefinitely can give you more flexibility in managing your retirement income and, depending on how you do manage that income and what your other objectives may be, you may also end up with more money that The Burford Corp. has immediate openings could be left to your benefiin the following departments: Human Resource Manager Plan, Direct, and coordinate huciaries. man resource management activities, reconcile payroll. Salary Also, unlike a traditional commensurate with qualifications. Must be HR Certified. IRA or a 401(k), a Roth IRA Please send resume to kwilloughby@burford.com, does not require you to start apply in person at 11284 Hwy 74, Maysville, OK, taking minimum distribuor fax to 405-867-4219. tions at age 70E1. Burford Corp is an EOE In fact, you are never required to withdraw money
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ment agencies, such as the Governor's Highway Safety Administration (GHSA). AT&T shares in their cornmon goal of promoting safe and healthy behaviors among our nation's youth. In addition, many other governmental, corporate, non-profit and other organizations have already pledged support for the awareness campaign, including: The AFL-CIO's Union Plus program, American Federation of Teachers, Big Brothers Big Sisters of America, Boys & Girls Clubs of America, CTIA, Junior Achievement, LULAC, National Safety Council, National Urban League and RadioShack. More supporters can be found at wwwitcanwait.

The Pauls Valley Chamber of Commerce wishes to thank the following for their contributions in making this year's "Teacher & Staff Appreciation Breakfast" such a success! It's your generosity and volunteer efforts 216 that make this annual back to school tradition since 1981 possible.

VOLUNTEERS Allen Eubanks, Chamber Volunteer Danny Sherif, Happy Days Diner Darrin Boydston, Chamber Volunteer Debra Chandler, First United Bank Della Wilson, Chamber of Commerce Dr. Schales Atkinson, Chamber Volunteer Erin Creach, City of Pauls Valley Gary Parks, The RED Book Hillary Shipley, The Art of Fun Janet Moore, Sonic Drive-In Joyce Slagle, Chamber Volunteer Julie Caughey, Garvin Co. Abstract Kathy Hall, Chamber Volunteer Kelsey Montgomery, Toy & Action Figure Museum Kristi Bourne, Sonic Drive-In Kristyn Smith, Garvin County News Star Lizzy Walker, Cheer's Wine Cellar Lou Hall, Chamber Volunteer Maegan Riddle, Chamber of Commerce Mike Wilson, Chamber Volunteer Peggy Patton, Retired School Teacher Phyllis Stephens, Suddenlink Reza Ghanaati, Happy Days Diner Van Victor, First Baptist Church Vondy Harding, Chamber Volunteer FOOD SPONSORS Chicken Express Happy Days Diner Homeland Supermarket Leonard's Super Stop Wal-Mart Super Center GIFT SPONSORS ACE Hardware Air Evac Lifeteam Amber's Shop & Your Framers BeautiControl by Melinda Crawford Bedre Chocolate Bill's Seat Cover and Upholstery Bob's Pig Shop Boom-A-Rang Diner Chicken Express Comprehensive Dentistry Country Clips Pet Grooming Covercraft Industries Don W. Reynolds Recreation Center Dr. Mark Wilson, DDS and Karen Family Video First Presbysterian Church First United Bank Frances Lee GJK, LLC - Grant & Katie Johnson, CPAs Gordon White Lumber Green's Furniture Hair Extravaganza Health Back Home Health Hinkle Printing How Sweet It Is IBC

NEWS STAR TO PUBLISH CHAMBER GUIDE

The Garvin County News Star will be teaming with the Pauls Valley Chamber of Commerce in the upcoming months to publish the Chamber's annual Chamber Guide. The guide is a valuable resource for chamber members and prospective businesses and industry to Pauls Valley. To reserve your advertising space in the guide, all Kris Smith at 580-272-8695.

Add an Important Item to Your Back-to-school List.

For parents, back-to-school season means it's time to stock up on school supplies. But it can also be

Jacobson's Ready Mix Jingle & Jangle Jones Family Skin Care Main Street Pauls Valley Mimi's Restaurant New Nails Norton's Jewelry Oklahoma Blood Institute Oneal's Jewelry Ottie Riddle Real Estate Pauls Valley Democrat Pauls Valley General Hospital Pauls Valley National Bank Penny Miller Cosmetology Academy Planet Earth Jewelry by Susen Foster Quick Signs Reavis Drug Seth Wadley Ford Sharpe's Department Store Shelter Insurance Sherwin Williams Sonic Drive-In Sooner Home Furnishings Southern Oklahoma Resource Center Stark Fine Dining Stevenson's Barbecue Sweet 405 Cupcakes T's (Teresa Winnett) Salon The Art of Fun The Daisy Patch The Nook Tio's Fine Mexican Food Toy & Action Figure Museum Valley Gals Salon Valley Gifts & Awards Williamsburg Small Animal Hospital Williamson's Furniture Youth & Family Center

a good time to think

about how to save for your child's future education. Developing a strategy for achieving your education savings

goal - or other savings goals - can help you stay on track.

To learn more about your education savings options,

call or visit today.

AL - ANON MEETINGS
Wynnewood Al-Anon meetings every Tuesday at the 1st Baptist Church 1515 E Robert S Kerr blvd. starting at 8:00 p.m. come in through west door. For more info contact 405238-4574

Greg Hendrix, AAMS Financial Advisor 200 West Paul Pauls Valley, OK 73075 405-238-9319

MONEY SPONSORS Alison & Shelby Humphrey Curwood, Inc. Dr. Brian Allee and Charity Dr. Dennis Whitehouse and Penny Edwards Canvas Express Professional Services Gary Readnour, CPA Garvin County News Star Linda & W.C. Pesterfield OG&E Pauls Valley Chamber of Commerce Senator Susan Paddack Stufflebean-Coffey Funeral Home Suddenlink Valley Body Shop Wal-Mart HVDC 6042 Wynnewood Town & Country Insurance LAPTOP COMPUTER SPONSORS Southwestern Directory, Gary & Kay Parks PC-Net Computers, James & Daren Kelly Pauls Valley Chamber of Commerce

www.edwardjones.com/backtoschool

EdwardJones
Member SIPC
MAKING SENSE OF INVESTING