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Albemarle Tradewinds November 2016 Web Final

November 2016

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All of our clients get their own QR code for free when purchasing an ad. Don’t Overlook Long-term Care Costs Submitted by Chuck O’Keefe How much money will you need in retirement? To arrive at an estimate, you should consider various factors, such as where you’ll live, how much you plan to travel, and so on. Not surprisingly, you’ll also need to think about health care costs, which almost always rise during retirement. But there’s one area you might overlook: long-term care. Should you be concerned about these costs? In a word, YES. Expenses for long-term care – which can include receiving assistance at home as well as prolonged care in a facility – can be surprisingly expensive. Consider the following statistics, taken from the 2016 Cost of Care Study issued by Genworth, an insurance company: The average annual cost for a private room in a nursing home is more than $92,000. And in some places, particularly major metropolitan areas, the cost is considerably higher. The average annual cost for full-time services of an in-home health care aide is more than $46,000. These costs are certainly daunting. Of course, you might think that you won’t have to worry about them, because you won’t ever need any type of long-term care, particularly if you’ve always been in good health and your family has no history of later-in-life cognitive impairment. However, the odds may not always be in your favor, because almost 70% of people turning age 65 will need some kind of assistance or long-term care at some point in their lives, according to the U.S. Department of Health and Human Services. Given the costs of long-term care, and the possibility that you might really need this care, how can you prepare for the costs? Are Drugs & Alcohol Phone: 252-338-8476 www.SafeTWorksInc.com Things may change in the future, but at this point, you really can’t count much on government programs to help pay for long-term care. Medicare typically pays for only a small percentage of these costs, and, to be eligible for Medicaid, you must have limited income and assets. In fact, you might need to “spend down” some of your assets to qualify for Medicaid long-term care services. Obviously, this is not an attractive choice, particularly if you’d like to someday “leave something behind” to your family or favorite charity. Consequently, you need to look at your options for paying for long-term care – just in case. You could earmark a certain percentage of your investment portfolio to cover long-term care costs; if you never need this care, you can simply use the money to pay for other areas of your retirement or for other purposes, such as charitable gifts or financial support to your grown children or grandchildren. Or, as an alternative, you might want to work with a financial professional, who can recommend a strategy specifically designed to help you address long-term care costs. The marketplace in this area has evolved rapidly in recent years, so you should be able to find a solution that is both affordable and effective. Keep in mind, though, that the earlier you purchase a long-term care solution, the more economical it will likely be for you. In any case, don’t delay your planning for long-term care. Knowing that you’re protected against potentially catastrophic costs can make your retirement years less stressful for you and your family. Need to protect your property? Call the Elizabeth City Police Department and find out about Anti-Theft Micro Dots and High Security Labels. Contact Officer Latoya Flanigan at 252-335-4321 Ext. 284 Chuck O’Keefe is a Financial Advisor with Edward Jones. Edward Jones (252) 335-0352 www.edwardjones.com Find me on Facebook at: Edward Jones - Financial Advisor: Chuck O’Keefe 36 Albemarle Tradewinds November 2016 albemarletradewinds.com

Upcoming Exhibits at the Museum of the Albemarle By: Wanda Lassiter, Curator, Museum of the Albemarle wanda.lassiter@ncdcr.gov Changing of the seasons brings great change to the museum, as well. Among the changes are several major exhibits we are currently working on. Those include Tar Heels in the Trenches: The Great War and the Albemarle (opening February 12, 2017) and an exhibit celebrating the Museum of the Albemarle’s 50th birthday (opening April 21, 2017). Each exhibit will highlight objects from the museum’s own collections, as well as items borrowed from local lenders. Smaller exhibits for the next few months will explore a variety of topics. Toys from the Past showcases an assortment of collectibles, including wind-up toys from several decades, a miniature horse-drawn wagon from 1900, and a child’s metal stove that dates to the late 1800s and comes from Bay Side Plantation in Pasquotank County. In our lobby, a piece of farm machinery manufactured in Elizabeth City by the Gordon Bean and Pea Harvester Company picker is now on display. We just rotated several wedding dresses into I Do! Weddings in the Albemarle, 1831-2015. Operation Christmas Child by Pastor Dan Bergey Operation Christmas Child’s national collection week is fast approaching. This year the collection week is November 14-21. New Life of Currituck, in Barco, is a Drop Off collection site. There are also Drop Off sites in Kitty Hawk and Elizabeth City. To find a location near you visit https://www.samaritanspurse.org/occ I know, some of you are saying, “What is Operation Christmas Child?” Well, simply put it’s a shoebox packed with gifts that is sent to other parts of the world, to share the Love and Hope of Christ. These boxes serve as evangelism tools throughout the world. For some of the children that receive the shoeboxes, this is the first gift they have ever received. For others, the school supplies in the shoeboxes mean that they can finally attend school. For all of them, the shoeboxes come with the message of Christ. It’s not too late to pack a shoebox or to volunteer to assist with the collect of the shoeboxes. New Life of Currituck has empty shoeboxes available, or you can use any regular size shoebox or plastic tote box that is the size of a shoebox. For a list of items that are suggested visit https://www.samaritanspurse. org/occ Feel free to join us at New Life of Currituck on Sunday, November 13th at 5 PM for our annual shoebox packing party. If you would like more information feel free to contact New Life of Currituck at 252-453-2773. Most of all, don’t forget to pray over the shoebox and for the child and the family of the child that will receive the shoebox. However, as it is written: “No eye has seen, no ear has heard, no mind has conceived what God has prepared for those who love him” but God has revealed it to us by his Spirit. 1 Corinthians 2:9-10 Traveling to MOA from other institutions this winter will be Distant Echoes: Black Farmers in America (opening January 2017), which features photographs taken by award-winning photographer John Francis Ficara, who documents the lives and working conditions of black families throughout the country. As a part of our effort to reach all of our outlying counties, we are continuing to travel our own exhibits to locations such as libraries, state parks, and regional museums. Among the titles that institutions can borrow, for no charge, are Flying Kites with Delia; Steeped in Time: Tea and Traditions; Post from the Coast; Memorable Sands: Beaches of Northeast North Carolina and Southeast Virginia; Louis C. Tiffany: Art and Innovation; and Women Making History. Be sure and stop by the museum for our holiday open house on December 3. Visit our social media sites for more information. newlifecurrituck@gmail.com Office - 252-453-2773 Church website - newlifecurrituck.org Dan Bergey - Senior Pastor pdbjar5@gmail.com collinsmaintenancejanitorial@ gmail.com Living in the U.S. By : Ron Ben-Dov Living in the U.S., how can you doubt? Atlantic on the east, Pacific on the west; Rockies reach up on high, The Appalachians do too; The mighty Mississippi cuts in two, Snaking top to bottom; Great Lakes to the north A great gulf to the south; Blue skies and sunshine, In fabulous daylight across the land; Night skies, more brilliant than any diamonds, Stars stretch far past the Milky Way; Living in the U.S. of a., How can you doubt? Not only is He there, his love overflows us, Flooding us from shore to shining shore; With him we are invincible, Without him we are gone; I truly hope He stays. 53rjbd@gmail.com Born in Telaviv, Israel Lived in NY from ages five until eighteen, becoming a U.S. citizen at eleven. A US Navy veteran, merchant seaman, graduate of ECSU with a BS in Accounting. Was a Motor Fuels Tax Auditor for NC, and currently employed as an IT Security Control Specialist for a local EC NC bank. In 2008 a life changing event occurred and the flow of faith based poetry has run ever since. More of my poetry can be found at: Ron Ben- Dov at Amazon.com facebook.com/AlbemarleTradingPost Albemarle Tradewinds November 2016 37