Home' The River Weekly News : RWN 010518 Contents THE RIVER - JANUARY 5, 2018
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Time For New
by Jennifer Basey
of another year –
which means it’s
just about time for
some New Year’s
you like to study
a new language,
take up a musical
instrument or visit the gym more often?
All these are worthy goals, of course,
but why not also add some financial
Here are some ideas to think about:
Increase contributions to your
employer-sponsored retirement plan. For
2018, you can contribute up to $18,500
(or $24,500 if you’re age 50 or older)
to your 401(k) or similar plan, such as a
403(b), for employees of public schools
and some nonprofit groups, or a 457(b)
plan, for employees of local governments.
It’s usually a good idea to contribute
as much as you can afford to your
employer’s plan, as your contributions
may lower your taxable income, while
your earnings can grow tax-deferred. At
a minimum, put in enough to earn your
employer’s matching contribution, if one
Try to “max out” on your IRA. Even
if you have a 401(k) or similar plan,
you can probably still invest in an IRA.
For 2018, you can contribute up to
$5,500 to a traditional or Roth IRA,
or $6,500 if you’re age 50 or older.
(Income restrictions apply to Roth IRAs.)
Contributions to a traditional IRA may
be tax-deductible, depending on your
income, and your earnings can grow
tax-deferred. Roth IRA contributions are
not deductible, but earnings can grow
tax-free, provided you don’t start taking
withdrawals until you are age 59-1/2
and you’ve had your account at least
five years. You can put virtually any
investment in an IRA, so it can expand
your options beyond those offered in
your 401(k) or similar plan.
Build an emergency fund. Try to build
an emergency fund conaining three to
six months’ worth of living expenses,
with the money held in a low-risk, liquid
account. This fund can help you avoid
dipping into your long-term investments
to pay for unexpected costs, such as a
new furnace or a major car repair.
Control your debts. It’s never easy,
but do what you can to keep your debts
under control. The less you have to
spend on debt payments, the more you
can invest for your future.
Don’t overreact to changes in the
financial markets. We’ve had a long run
of rising stock prices – but it won’t last
forever. If we experience a sharp market
downturn in 2018, don’t overreact
by taking a “time out” from investing.
Market drops are a normal feature of
the investment landscape, and you may
ultimately gain an advantage by buying
new shares when their prices are down.
Review your goals and risk tolerance.
At least once in 2018, take some time
to review your short- and long-term
financial goals and try to determine,
possibly with the help of a financial
professional, if your investment portfolio
is still appropriate for these goals. At the
same time, you’ll want to re-evaluate your
risk tolerance to ensure you’re not taking
too much risk – or possibly too little
risk – with your investments.
Do your best to stick with these
resolutions throughout the coming
year. At a minimum, they can help you
improve your investment habits – and
they may improve your financial picture
far beyond 2018.
This article was written by Edward
Jones for use by your local Edward
Jones financial advisor. Jennifer Basey
is a financial advisor in Fort Myers.
She can be reached at jennifer.basey@
The Imperial River Chapter of the
American Business Women’s
Association will hold a business
dinner at the Holiday Inn Fort Myers
Airport on Wednesday, January 10 at
Carrie Kerskie, director of the
Identity Fraud Institute at Hodges
University, will be the guest speaker.
She is a highly sought-after national
speaker, trainer and author. She is a
consultant on the topics of identity
theft, fraud and data privacy.
Kerskie authored the book Yo u r
Public Identity; Because Nothing
is Private Anymore. Kerskie is also
a contributing writer for Agingcare.
com and Naples Daily News. She
is frequently quoted in numerous
publications such as Real Simple
magazine and TechRepublic.com. She
appears regularly on NBC-2, ABC-7,
Fox 4, NPR and WINK News.
In 2014, Congressman Mario
Diaz-Balart lauded Kerskie with a
Congressional Record for her work
on identity theft. In 2015, Carrie was
the driving force behind strengthening
Florida’s identity theft laws including
making business identity theft a crime
in the state. She was Woman of the
Year at the ABWA Neapolitan Chapter
ABWA Imperial River Chapter
welcomes all women interested in
professional development. Men are also
Registration/check-in and net working
starts at 6 p.m. Dinner is served at 6:30
p.m. Tickets are $30 at Eventbrite,
which includes dinner.
The Holiday Inn Fort Myers
Airport is located at 9931 Interstate
Commerce Drive in Fort Myers.
For more information, email info@
Author Cynthia Williams will be
appearing at the Edison Ford
Shoppe within Bell Tower Shops
on Saturday, January 6 from 2 to 4
p.m. for a discussion and book signing
of Hidden History of Fort Myers.
Williams writes about Fort Myers
as a frontier town and explores stories
behind the growth of the city. The book
will be available for purchase.
Williams is a freelance writer and
copy editor with a diverse publishing
history, including copy writing, creative
non-fiction, narrative history, fiction and
The event is free to attend, and
refreshments will be available.
Bell Tower Shops are located on the
corner of Daniels Parkway and U.S . 41
in Fort Myers. For more information,
visit www.edisonfordwinterestates.org or
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