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THE VALLEY BUSINESS JOURNAL 24 www.TheValleyBusinessJournal.com March 2016 Book Review “How to Make Your Money Last: The Indispensable Retirement Guide” by Jane Bryant Quinn Your No-Plan plan stretches for miles. You’ve no plans for alarm clocks, suit-and-tie combos, rushhour commutes, cubicles, or boring meetings. You’re ready to retire and leave them all behind – but can you afford to avoid those things forever? With “How to Make Your Money Last” by Jane Bryant Quinn, you’ve got a working chance of it. What will you do when you can finally do what you want? You’ll particularly want to know how to “prudently parcel your money out” so you don’t take too much or too little of the funds available to you for the duration That’s an important question, says Quinn. The routine you followed for 20, 30, even 40 years probably won’t be the same after retirement, and you may need some direction. You might be happy about not looking at a calendar all the time, but you won’t “want to look at a… calendar that’s blank.” The key to making the most of your retirement is to make the most of your money. You’ll particularly want to know how to “prudently parcel your money out” so you don’t take too much or too little of the funds available to you for the duration. There are also things to consider: tax issues, investment tools, tricks for bringing more to your bank account, and ways to protect your spouse. On that latter point, says Quinn, “talk, talk, talk.” Before you retire, discuss expectations and concerns with your spouse, and bring all money matters to the table. It’s not easy, she admits, but it is necessary. “It’s time for a financial scan” next, she says. Know how to “rightsize,” consider housing needs, look at savings, and figure out how you’ll budget to trim expenses and still enjoy retirement. Know “Seven Special Situations” that “can’t be shoehorned neatly into the… process” and learn when it’s perfectly acceptable to tell your children “no.” Educate yourself on the ins and outs of Social Security, and how waiting to file may make a huge difference, long-term. See why Quinn says Social Security won’t “go bankrupt.” Learn to choose the best pension benefits and why buying a pension may be advantageous. Know how to get the right health insurance coverage. Learn about home equity loans and how to leverage your home’s value. And remember: “There’s no clean way of knowing whom to trust.” Oh, so much to remember! So much to learn, too, but author Jane Bryant Quinn makes it easier in “How to Make Your Money Last.” From the first pages filled with ideas for filling your time, to the choosing of a Power of Attorney, Quinn covers almost every kind of money matter a retiring Boomer might need to know – all presented with terms and formulas that are simplified, even for the most mathematically-challenged. I appreciated that Quinn starts most points with needto-know information, offers other places to turn for help, and includes things of which readers should beware. All that, and an informal tone make this book a pleasant, helpful read for current retirees, those about to retire, and younger readers who may want to retire someday. And since that’s you, no doubt, “How to Make Your Money Last” is a book you should plan to read. ©2016, Simon & Schuster $28.00 / $37.00 Canada 366 pages Murrieta 2nd Safest City Continued from page 1 cities like Murrieta were noted as highly desirable places to live because of their close proximity to urban centers with their cultural and economic benefits as well as high paying jobs. Having lived here in Murrieta for over 25 years, and working for the PD for almost 20 of those years, I have some pretty strong ideas of why we consistently place so high in the safest city ranking. The overriding factor in my opinion is the true partnership the police department has with our community. Murrieta citizens are very cognizant of how nice and safe our city is to live in. As our partners, they get involved when they see possible crime or suspicious activity. Fulfilling our role as partners, our officers take all their call seriously and conduct thorough investigations. Another big factor is many of your Murrieta officers live right here in the city limits. Their spouses work here and children go to school here. We have a personal stake in keeping crime low and aggressively look for crime and suspicious activity and addressing it whether on or off duty. Many times our dispatch center phones light up with one of our off duty officers calling in on their personal phone as they are observing a crime occurring or some type of suspicious activity. Officers are able to get first hand information from a law enforcement officer and handle the issue immediately. Lastly, since day one our police department has had the full backing of our elected officials in the city. Every council that has been elected fully supports public safety. They show that support in many ways including funding the needs of a local police and fire department. So Murrieta, enjoy your ranking as the second safest city in America and keep those calls coming in as our partners fighting crime. Just like it says on the door of every one of our police cars, we are in “PARTNERS WITH OUR COMMUNITY.” The Murrieta Police appreciates all the support our community gives us throughout the year. This is an awesome community. We enjoy living here and consider it an honor to serve the citizens of Murrieta in our chosen profession of Law Enforcement. I welcome your questions and suggestions for future articles and can be contacted directly at the Murrieta Police Department at 951- 461-6302 or jfroboese@murrieta.org. Temecula Valley Fair Now Accepting Applications Temecula Valley Fair is now accepting volunteer and sponsorship applications. The Fair will take place March 18-21 at Galway Downs, 38801 Los Corralitos Road in Temecula. More help is needed as the event is expected to be even bigger than last year. Over 15,000 fair goers attended the first annual Temecula Valley Fair in 2015. The Fair received 74,913 website visits during the month of the fair, and over 50,000 organic social media impressions. “We are excited about the popularity of our event and we want it to continue to grow, however we can’t do it without the help of the community,” states Shannon Karrigan, Temecula Valley Fair CEO. Temecula Valley Fair invites the citizens and local organizations to join the fun. Volunteers are eligible to receive benefits including shirts, meal/drink tickets, fair tickets, as well as several other fun perks! Volunteers are needed for various positions pre, during and post the Fair, such as parking, security, admissions, set up, clean up, and many more positions. To volunteer, fill out the form at http://www.temeculavalleyfair. com/volunteers.html. Temecula Valley Fair thanks Temecula Valley Toyota for their presenting partnership sponsorship and invites other businesses to participate. Sponsorship opportunities are available for local businesses starting at $500. Benefits include category exclusivity, on-site signage, four days of targeted sampling and display, website exposure, social media blast, Fair Guide ad space, and press release inclusion. Each sponsorship package is customized to meet the businesses specific needs. For more information, please visit http://www. temeculavalleyfair.com/sponsors.html.
March 2016 THE VALLEY BUSINESS JOURNAL www.TheValleyBusinessJournal.com 5 Smart Tips for Parents of Teen Drivers 25 You knew this day would come, but who knew it’d be so soon!? Wasn’t it yesterday you were putting them in their car seat, pushing them in a stroller, and teaching them to ride a bike? Now they’re ready to drive! When the heck did that happen!? Let’s be honest…parenting a teenager these days is serious business, (what with the Internet, social media, smart phones, texting, and all that loud music!) and getting them ready for the road can be terrifying. So to help make your teen smarter behind the wheel plus help stop your hand from shaking as you hand over the keys, here are 5 tips for dealing with a new teen driver: 1. Demonstrate good driving behavior early - They started copying you when they were babies (remember when they repeated that one word you wish they hadn’t?) so it’s no surprise that kids mimic your behavior behind the wheel, too! If you want your new driver to keep off the phone, stay calm, and focus on the road, remember to do that kind of stuff yourself. Think of yourself as a road role model, and drive that way. 2. It’s OK to let a Pro teach them - You’ve been teaching them stuff their whole lives (how to walk, tie their shoes, throw a baseball, talk to girls) so it makes sense that you’d want to teach them to drive too. But the reality is this is a tough time in both your lives. You want them to be the safest drivers on the planet…and they just want to grow up and drive away. That’s why hiring a professional driving instructor or signing them up for Driver’s Ed is a good idea. It may be unnerving, but they’ll get the right info and training. And this way, it won’t affect your relationship, or their maturity. It may even earn them an Auto insurance discount! 3. Set realistic boundaries - It may not feel like it sometimes, but kids crave rules and boundaries (even if they break them once in a blue moon). So talk to your kids early on and discuss their boundaries as new drivers. Maybe you don’t want them going more than 20 miles from home, driving with a bunch of friends in the car, or riding around after dark…at least for the first few months. Whatever guidelines you think are best, lay them down well in advance and you’ll avoid those big arguments when your teen starts driving. It may even help to write up a contract with them to sign, or give them rewards or more responsibilities as they gain experience. 4. Talk to them about the risks of driving…not just drinking and driving - You’ve probably been talking to your kids about drinking and driving for a while now, because since forever, that’s been parents’ biggest concern. But now we’re in a world of Smartphones, tablets, Smartwatches, satellite radio, and who knows what else technology is on the horizon! That means countless new distractions for drivers, young and old. So spell them out for your teen, and help them understand the dangers of distracted driving just as much as the dangers of drinking and driving. 5. Share driving responsibilities - As new drivers, it’s a good idea to give your teen excuses to practice their skills. Send them out to the grocery store, have them pick up their little brother from soccer practice, or ask them to drive Dad to the airport. It may take a little getting used to for you, but sharing the household driving responsibilities takes some of them off your plate. It’ll also expand their skills and get them ready for the boring realities of driving in the real world. Craig Davis is an agent for Farmers Insurance and the owner of Craig Davis Family Insurance located at 27645 Jefferson, Suite 113, in Temecula. He may be reached at (951) 699-1776. cdavis@ farmersagent.com
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