Home' The River Weekly News : RWN 082115 Contents THE RIVER - AUGUST 21, 2015
by Jennifer Basey
inflation. After all,
it’s been quite low
for the past several
years. Still, you may
want to take it
into account when
Of course, no one can really predict
the future course of inflation. But it’s a
pretty safe bet it won’t disappear alto-
gether – and even a mild inflation rate,
over time, can strongly erode your pur-
chasing power. Consider this: If you were
to purchase an item today for $100, that
same item, in 25 years, would cost you
$209, assuming an annual inflation rate
of 3 percent. That’s a pretty big differ-
During your working years, you can
hope that your income will at least rise
enough to match inflation. But what
about when you retire? How can you
minimize the impact of inflation on your
One thing you can certainly do is
include an inflation assumption in your
calculations of how much annual income
you’ll need. The number you choose as
an inflation factor could possibly be based
on recent inflation levels, but you might
want to err on the conservative side and
use a slightly higher figure. Since you
may be retired for two or three decades,
you might have to periodically adjust
the inflation factor to correspond to the
actual inflation rate.
Another important step is maintaining
an investment portfolio that can potential-
ly provide returns well above the inflation
rate. Historically, stocks have been the
only investment category – as opposed
to investments such as Treasury bills and
long-term government bonds – whose
returns have significantly outpaced infla-
tion. So you may want to consider own-
ing an appropriate percentage of stocks
and stock-based investments in your port-
folio, even during your retirement years.
Now, you might be concerned at
the mention of the words “stocks” and
“retirement years” in the same sentence.
After all, stocks will fluctuate in value,
sometimes dramatically, and even though
you may be retired for a long time, you
won’t want to wait for years to “bounce
back” from a bad year in the market.
But not all investments move in the
same direction at the same time; spread-
ing your dollars among a range of asset
classes – large stocks, small and mid-cap
stocks, bonds, certificates of deposit
(CDs), foreign investments and so on –
may help you reduce the impact of vola-
tility on your portfolio.
And you don’t even have to rely solely
on stocks to help combat inflation. You
could also consider Treasury Inflation-
Protected Securities, or TIPS. When you
purchase a TIPS, your principal increases
with inflation and decreases with defla-
tion, as measured by the Consumer Price
Index. Your TIPS pays interest twice a
year, at a fixed rate; this rate is applied
to the adjusted principal, so your interest
payments will rise with inflation and fall
with deflation. When your TIPS matures,
you will receive adjusted principal or origi-
nal principal, whichever is greater. As is
the case with other bonds, though, you
could choose to sell your TIPS before it
Work with your financial advisor to
help decide what moves are right for you
to help protect your retirement income
from inflation. It may be a “hidden”
threat, but you don’t want to ignore it.
* Yield to maturity cannot be predeter-
mined, due to uncertain future inflation
adjustments. If TIPS are sold prior to
maturity, you may receive less than your
initial investment amount. If bonds are
not held in a tax-advantaged account,
investors will be required to pay federal
taxes on the accredited value annually,
although they will not receive any prin-
cipal payment until maturity. When the
inflation rate is high and the principal
value is rising significantly, the taxes paid
on TIPS may exceed interest income
received. Therefore, TIPS may not be
suitable for investors who depend on their
investments for living expenses.
Jennifer Basey is a financial advisor
in Fort Myers. She can be reached at
How To Add
by Carol Rooksby
In the latest ver-
sion of iTunes,
version 11, you
may notice that if
you have ripped
music from CDs
and not purchased
it through the Apple
iTunes Store, you
may not see the Artwork for the Album
covers. It’s easy to add cover images with
these few quick steps.
First open iTunes and make sure
“My Music” is highlighted. Here you’ll
see the Artwork for the music you have.
Take note of which covers you want to
have an image. Open Safari and do a
Google search for the album or artist
name under “Images.” Before you copy
any of the images you see, at the top
of the page you’ll see “Search Tools.”
Click on “Search Tools,” then “Usage
Rights.” Click on the little arrow to the
right then on “Labeled for reuse” or
“Labeled for noncommercial reuse.”
Many images found on the Internet today
are copyrighted, and even with filtering
your search, you may come across such
a copyrighted image. You might also con-
sider using any of your personal photos
as the Artwork for the cover. Save that
image either to your desktop or your
Now that you have your image, go
back to iTunes and click on the Artwork
image with the musical note in the center.
On that image type “Command + I” to
get the information. The second tab is for
“Artwork.”At the lower left, you’ll see an
option to “Add Artwork.” Click here and
in the Finder window, locate where you
saved that image, i.e. your Downloads
folder. Click on the image and “Open.”
The image now appears where the musi-
cal note was. Click “OK” and you have
an image for your album cover. If you
saved the image on your desktop, you
can drag the image to that area and drop
it in or copy and paste it.
To remove the Artwork image, open
the Information window, click on Artwork
and the image, then click Delete.
If you have downloaded the image and
have no further use for it, you can put it
in the Trash.
Workshops are held the second Tues-
day of each month from 1 to 3 p.m., and
meetings on the fourth Tuesday of each
month from 7 to 9 p.m., with the excep-
tion of July and August at Zion Lutheran
Church, 7401 Winkler Road in Fort
For more information on the South
West Florida Apple Computer Knowl-
edge Society (SWACKS), visit www.
Two Named To Lee Tourism Council
The Board of Lee County Commissioners appointed Anita Cereceda and Mike
Gibson to the Lee County Tourist Development Council.
A native southwest Floridian, Cereceda was the inaugural mayor for the Town
of Fort Myers Beach. She served on the town council from 1995 to 2000 and was
elected to the council again in March 2014. Cereceda studied philosophy and theater
at Florida State University and returned to Fort Myers Beach in 1988 to help her par-
ents with the family business. She is the town’s current mayor as well as owner of The
Pier Peddler and Local Color in Times Square at the north end of the island.
Gibson, a longtime area resident, serves as a Bonita Springs city councilman, Dis-
trict five. He is the city’s liaison to the Bonita Springs YMCA and serves on the board
of directors of the Bonita Wonder Gardens, recently formed to preserve and enhance
the long time tourist attraction. In addition, Gibson runs the family businesses: Engel’s
Bicycles and Engel’s Outta’ line Bait and Tackle. Before taking over the family busi-
nesses, he retired from management positions with Publix Super Markets. Gibson stud-
ied mechanical engineering and business management at the University of Florida.
The nine-member tourism council was established by the commissionin 1983 to
increase off-season tourism to Lee County.
Pediatric Dentistry Of Fort Myers
Inaugural Snow Day October 3
Pediatric Dentistry of Fort Myers will host an inaugural community fundraiser,
Snow Day 2015, on Saturday, October 3 from 11 a.m. to 2 p.m. The festivi-
ties include holiday pictures with Anna and Elsa along with Olaf from the movie
The event will feature snow special effects, NBC2 Chief Meteorologist Hayley Webb
will help predict the forecast for snow, 96.9 More FM live broadcast and music by the
South Fort Myers High School Band, face painting, bounce houses and a slide.
Meet various mascots including Swampee from the Florida Everblades, Miss-A-
Miracle from the Fort Myers Miracle, the Chick-Fil-A cow and a Minion, courtesy of
Jumping Jacks Fun Zone. View Frozen artwork courtesy of Painting With A Twist and
create kid-friendly crafts in Santa’s workshop.
Food will be available and provided by BurgerQue, The Sizzle Truck, Doner Kebeb
King Karl and Poutine Queen at an additional charge.
“This is a unique events for Frozen fans. Jeffrey Shafer, our marketing director, did
a great job gathering top anchors in the community,” said Dr. Tim Verwest, DMD. “If
you want to have great holiday pictures to look back on, come to Snow Day 2015.”
Admission is $5 for adults and $10 for an all-day wristband for children (unlimited
access to bounce house play, face painting and VIP pictures with Anna, Elsa and Olaf).
Purchase tickets in advance by visiting http://goo.gl/cbCqi8.
Snow Day 2015 is located at 8016 Summerlin Lakes Dr, Fort Myers, FL 33907.
All proceeds from Pediatric Dentistry of Fort Myers’ Inaugural Snow Day 2015 will
benefit the Abuse Counseling Treatment, Inc. (ACT).
For more information, visit www.DrVerwest.com or call 482-2722.
Share your community news with us.
Call 415-7732, Fax: 415-7702
or email firstname.lastname@example.org
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