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Albemarle Tradewinds March 2018 Web OPT

March Edition of the Albemarle Tradewinds Magazine

On the Job with Bucks

On the Job with Bucks Tree Removal Buck Hilliard 252-330-2618 - Cell: 757-377-6874 Billy Hilliard 252-302-1601 563 Crocker Hill Rd Elizabeth City, NC 27909 Phone: 252-334-9671 Fax: 252-334-9646 200 Barnhill Rd Elizabeth City, nc 27909 info@albfence.com What Should You Do With Your Tax Refund? You may not get much of a thrill from fi ling your taxes, but the process becomes much more enjoyable if you’re expecting a refund. So, if one is headed your way, what should you do with the money? The answer depends somewhat on the size of the refund. For the 2017 tax year, the average refund was about $2,760 – not a fortune, but big enough to make an impact in your life. Suppose, for example, that you invested this amount in a tax-deferred vehicle, such as a traditional IRA, and then did not add another penny to it for 30 years. At the end of that time, assuming a hypothetical 7 percent annual rate of return, you’d have slightly more than $21,000 – not enough, by itself, to allow you to move to a Caribbean island, but still a nice addition to your retirement income. (You will need to pay taxes on your withdrawals eventually, unless the money was invested in a Roth IRA, in which case withdrawals are tax-free, provided you meet certain conditions.) Of course, you don’t have to wait 30 years before you see any benefi ts from your tax refund. If you did decide to put a $2,760 tax refund toward your IRA for 2018, you’d already have reached just over half the allowable contribution limit of $5,500. (If you’re 50 or older, the limit is $6,500.) By getting such a strong head start on funding your IRA for the year, you’ll give your money more time to grow. Also, if you’re going to “max out” on your IRA, your large initial payment will enable you to put in smaller monthly amounts than you might need to contribute otherwise. While using your refund to help fund your IRA is a good move, it’s not the only one you can make. Here are a few other possibilities: • Pay down some debt. At some time or another, most of us probably feel we’re carrying too much PGF Archery and Outdoors PGF William "Bumper" Williams Join us Tuesday nights at 7:30 for Indoor League. Mon-Thurs. 10-7, Fri. 10-6 Sat 8-5 1313 N Road St, Ste D Elizabeth City, NC 27909 252-339-4553 Did you know the Albemarle Tradewinds is located in more than 250 locations in NENC and Chesapeake? Submitted by Chuck O’Keefe debt. If you can use your tax refund to help reduce your monthly debt payments, you’ll improve your cash fl ow and possibly have more money available to invest for the future. • Build an emergency fund. If you needed a new furnace or major car repair, or faced any other large, unexpected expense, how would you pay for it? If you did not have the cash readily available, you might be forced to dip into your long-term investments. To help avoid this problem, you could create an emergency fund containing three to six months’ worth of living expenses, with the money kept in a liquid, low-risk account. Your tax refund could help build your emergency fund. • Look for other investment opportunities. If you have some gaps in your portfolio, or some opportunities to improve your overall diversifi cation, you might want to use your tax refund to add some new investments. The more diversifi ed your portfolio, the stronger your defense against market volatility that might primarily affect one particular asset class. (However, diversifi cation, by itself, can’t protect against all losses or guarantee profi ts.) Clearly, a tax refund gives you a chance to improve your overall fi nancial picture. So take your time, evaluate your options and use the money wisely. This article was written by Edward Jones for use by your local Edward Jones Financial Advisor. 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 The Tax Lady LLC Geri Ryder EA 252-202-5315 Registered IRS tax agent geri@callthetaxlady.net callthetaxlady.net 36 Albemarle Tradewinds March 2018 albemarletradewinds.com

Herring Stories By: Doward Jones We Are by Ron Ben Dov Do you see the message? On Friday, March 23, the Roanoke River Maritime Museum with celebrate the heritage of herring fi shing in eastern North Carolina. The evening will be fi lled with local “Fishy Tales,” history and education along with live music. Of course, Fried herring with all the fi xens served the old way to highlight the delicacy. Local story tellers will reveal the culture and laughter of those traveled along the creeks and rivers during the run. For folks who are new to events like this, some stories may be true, many though will follow the water induced imagination of the story teller and may have a few untruths. Perhaps no other sporting event locally is remembered as fondly as the Herring Run each spring. As the waterways warned and fed into the Atlantic, millions of the fi sh would migrate into the wetlands and tributaries to spawn. Fisheries lined the banks of the Albemarle Sound, Roanoke River and regional waterways creating a bustling industry tied to the natural gifts of nature. Along with the commercial fi sheries, locals took advantage of the “Run” using dip or drop nets to catch a mess. Locally, places like the the Scuppernong River at Cherry, Mackeys Creek and Conaby Creek hopeful fi shermen would be lined shoulder-to-shoulder waiting for a school of fi sh to fill their hand nets. The smell of burning tires which were used to keep folks warm on a cold night drifted in between the fragrance of fresh herring frying in the pan along with a side of cornbread. Bow nets were widely used in herring fi shing along creek banks during the spring run. Hand-made from tree saplings and fi sh netting, they date back to Native Americans who used a device similar to the net to capture the migrating fi sh An occasional rift of libations fi lled the atmosphere, but from here the story tellers will reveal this treasured way of life. The evening promises to be a time of shared stories that will entertain while remembering the days-gone-by, with laughter and sincere appreciation of nature. North Carolina Wildlife will a presentation along with a short fi lm featuring C.J. Belch and pound net fi shing And do not forget that herring plate, fried fresh like the old days. Tickets are $20.00 and available by calling the Roanoke River Maritime Museum at 252.217.2204, email roanokemaritime@ gmail.com or Doward Jones 252 809-3938. By the way, bring your herring net or Show and Tell. The evening will start at 6:00 PM. Copyright 2/4/18 all rights reserved It started with a mess The world is full of evil And sin itself prevails When you lay the blame Just remember this: We are the society And we are the church We are the wilderness And brother I’m all in In Christ we are united And we will never fail We never stand alone He’s with us if we waver And Jesus Christ is Lord Fear not for He is with us None can defeat the Lord He already defeated death And absolved us of our sin Freed our tortured souls And gave eternal live Do you see the message? It started with a mess The world is full of evil And sin itself prevails So, turn yourself to Jesus Get on bended knee For with Him we are strong And assured the victory. 53rjbd@gmail.com The author was born in Telaviv, Israel - In 2008 a life changing event occurred and the fl ow of faith based poetry has run ever since. Author of the following books: Hampton Fishery was one of the largest fi sh houses on the Roanoke River. Here workers would “Shoot” nets from the river bank, capturing fi sh in the haul as the net was returned to the shore. In this photograph circa 1937, workers remove the fi sh from the net for processing. Faith Based Poetry Inspiration by God, Perspiration by Ron Inspiration by God, More Perspiration by Ron Inspiration by God, Even More Perspiration by Ron Inspiration by God, Perspiration by Ron, Volume IV Inspiration by God, Perspiration by Ron, Volume V Inspiration by God, Perspiration by Ron, Volume VI Inspiration by God, Perspiration by Ron, Volume VII School of Life – Secular Poetry American Legion Post 126 – Photo collection of members and activities of Hertford’s Post 126 facebook.com/AlbemarleTradingPost Albemarle Tradewinds March 2018 37