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8 WEEKLYNEWS.NET - 978-532-5880 JUNE 3, 2021 Seniors Senior Center offers plenty to do in June LYNNFIELD — The Lynnfield Senior Center has been busy offering more than 200 programs/ classes virtually including live Zoom exercise classes, a book club, discussion groups and even a Zoom lunch bunch! The Center offers Grab and Go lunches three days each week in our parking lot — advance sign-up is required. The Center’s SHINE representative is available to offer insurance assistance by appointment, and we hope you will enjoy all of the staff cooking and craft videos that we post each week, along with our Virtual Travel Monday Trips. For more information, please call the senior center at 781-598-1078. Don’t know how to Zoom? It’s easy. Call us and we will get you started. Then see all you can do from the comfort of your home. Contact us if you would like the links to our exercise classes, or to see the variety of programs offered. Exercise with Alice - Zumba and Pilates classes Zumba: Monday, Tuesday, Thursday, and Friday, 10:30 – 11 a.m. Pilates: Monday, Tuesday, Thursday, and Friday, 9:30 – 10:30 a.m. Contact Alice at aodachowski@ msn.com for more information and to get the Zoom links. Chair Yoga and Meditation classes with Sam Chair Yoga: Tuesdays from 10 – 10:45 a.m. Meditation: Thursdays from 10 – 10:20 a.m. Sit and Tone video with Joie Chair Yoga video with Michelle Enhanced Fitness videos with Frank Enhanced Cardio Enhanced Strength and Stretch Join Elaine every Monday at 1:30 p.m. for Trivia. Test your knowledge and have lots of laughs. Sign up with Elaine at emoorman_coa@hotmail.com. Join Elaine for Zoom Bingo every Tuesday at 9 a.m. We will send you the bingo cards. Grab your beans and have some fun. Sign up with Elaine at emoorman_coa@hotmail.com. Free. Our Virtual Book Club with Sue started Monday, April 12 at 10 a.m. We will be reading “The Map Thief” by Heather Terrell. Contact Sue at slagorio@town. lynnfield.ma.us to register and for more information. Free. Join our Accountability Group every Wednesday at 10 a.m. on Zoom as we cheer each other on in accomplishing our goals. Have you been meaning to call a friend, sort through pictures or write your memoir? Join us for some laughs and support as we accomplish our goals and set an intention for the next week. Sign up with Elaine at emoorman_coa@hotmail.com. Our van service will pick up and drop off your library books. Call the Lynnfield library, 781- 334-541, to make arrangements. LYNNFIELD — Two of the town’s busiest boards — the Board of Health and Planning Board — oversee critical responsibilities aimed at ensuring the town’s wellbeing and orderly development. The mission of the Lynnfield Board of Health is to prevent illness, promote wellness and protect the environment, as ascribed in our logo. In these endeavors, the Board of Health will make reasonable policies and regulations to protect and promote the public health and wellbeing of our citizens. The Lynnfield Board of Health office is responsible for permitting and inspecting entities to ensure compliance with local health regulations, state sanitary code and environmental code and communicate with state agencies, including the Department of Public Health, Massachusetts Dept. of Environmental Protection and Division of Animal Health. The Lynnfield Board of Health monitors disease outbreaks and responds to illness reports. The Board of Health collaborates on mosquito control with the Northeast MA Mosquito Control and Wetlands Management District and the Rooted in Your Health Did you know? Health and Planning Boards at a glance MA Department of Public Health to protect Lynnfield citizens from mosquito-borne diseases. There are many topics under the umbrella of public health. Under the purview of the Lynnfield Board of Health are the following: Title V septic systems, well permitting, food establishments, tobacco control, semi-public swimming pools, tanning salons, recreational camps, animal inspections, housing and nuisance complaints, communicable disease investigations and immunization clinics. The board is a member of the Region 3B Emergency Preparedness - Greater Lawrence Coalition, the Health and Medical Coordinating Coalition and the Greater River Valley Medical Reserve Corps. We are part of the A Healthy Lynnfield coalition for substance abuse prevention and wellness. The Planning Board is an independent board of five elected members who each serve for a five-year term on a rotating basis. The board acts on behalf of the townspeople as stewards of the Lynnfield zoning bylaws and the rules and regulations of the Planning Board, governing the subdivision of land in Lynnfield. The board strives to act politely, equitably, fairly and independently in the conduct of its business and in the conduct of its public hearings. Board members are Brian R. Charville, chair; Katherine Flaws, vice chair; Edward P. Champy III; Amy MacNulty; and E. Page Wilkins. Wilkins and her family moved to Lynnfield in 2017. Soon after moving to Lynnfield, Wilkins became involved with several Planning Board matters, including the Tuttle Lane development and the proposed Tree Protection Bylaw. Wilkins is a partner at Lurie Friedman LLP. Her law practice involves a wide variety of complex business litigation matters including business torts, partnership disputes, contract disputes, misappropriation of trade secrets and confidential information and employment matters. She also has experience with real estate and land use matters. In addition to working in private practice, Wilkins also served as a special assistant district attorney in Suffolk County. Wilkins received her JD from Boston College Law School and her BS from Boston College. PILGRIM REHABILITATION & SKILLED NURSING Our team of clinical professionals get you home feeling healthier and stronger following an illness or surgery. You at your best! We are proud to offer high quality rehabilitative care through our Steps to Strength Program including: PHYSICAL, OCCUPATIONAL & SPEECH THERAPY IV THERAPY • WOUND CARE You can trust in us for your care, call 978-532-0303 96 Forest Street • Peabody, MA 01960 www.pilgrimrehab.org
JUNE 3, 2021 WEEKLYNEWS.NET - 978-532-5880 9 Jonathan Hegedus Avoiding unnecessary losses Jonathan Hegedus, CLU, ChFC, wrote this article for the Weekly News on behalf of Lynnfield-based Beacon Life & Benefits Group, Inc. As we learned with COVID, there are times when the unanticipated happens. That’s when it’s important that all of our liquid assets are not tied up. Many affected people were fortunate this past year that the stock market crash was shortlived, and that the government came through with stimulus checks, unemployment extensions and qualified plan waivers. For some who didn’t have a private reserve, this was still not enough. You’ve probably heard that having savings of at least six months of expenses is important to weather the unexpected. But will that be enough, for example, if a family member needs long-term care due to a medical event? It’s difficult for a family to save that much and seems wasteful, if it means just putting money in a savings account where inflation exceeds the interest rate. In a private reserve strategy your money should have three features: It should be easily accessible, it can be used as collateral, and it must earn uninterrupted compound interest. For many, a first thought is to liquidate their IRA or company qualified plan. Obviously, those funds may be accessible, but features 2 and 3 wouldn’t be satisfied. You can’t use your IRA as loan collateral and money withdrawn won’t keep growing. Also, unless you were taking a loan from your 401(k) plan, most distributions (except those paid back within 60 days or qualifying under the SECURE Act) will be subject to income taxes and often a 10 percent penalty if you are under age 59 ½. So, besides a loan from Uncle Harry, what other options are there? Essentially, there are two. Setting up a home equity line of credit (HELOC) while times are good, and insurance. With a HELOC in place you can start tapping the equity line when you need the money with no restrictions on its use, and relatively low interest rates on the loaned amounts. Potential problems include the possibility that the bank could cancel the HELOC if not used, and the loan will be called if you sell your house. Insurance for auto, home, liability, business, health, term life and disability can cover many unexpected events. For other financial situations, the cash value in permanent life insurance (PLI) can cover all three of the private reserve features. Funds can be borrowed penalty- and tax-free at low interest rates, and you determine the timing of repayment and money as the policy continues to grow tax-free. Depending on the PLI’s structure, it often takes five to 10 years to build up substantial cash value. However, for certain situations (e.g. critical illness) the death benefit can be used, and with a waiver of premium option for total disability, the policy could grow without requiring COURTESY PHOTO | JOHN SCHNOBRICH An important component for your financial security is having a private reserve strategy. any payments. Bottom line: An important component for your financial security is having a private reserve strategy. For many, the most complete option is permanent life insurance. If you do experience an unanticipated long-term problem, before liquidating investments you should seek advice from legal- and financial-planning professionals. Jordan Hegedus can be reached at Jordan@gotobeaconlife.com. A RATE THAT IS SURE TO MOVE YOU. % 2.50 2.75 APR VALID FOR 6 MONTHS FROM CLOSING. % APR PRIME RATE MINUS 1/2% FOR LIFE OF LINE. RATE MAY VARY. For a limited time, get a special rate on a Star Home Equity Line of Credit to help you: • Update your kitchen • Remodel your bathroom • Consolidate debt • Save for an emergency Member FDIC | Member DIF Equal Housing Lender Learn more at www.salemfive.com/starheloc Banking • Investments • Insurance • Mortgage The Annual Percentage Rate (APR) for this Star Home Equity Line is 2.50% fixed for the first 6 months then Prime -½% variable based on the highest domestic Prime Rate published in The Wall Street Journal. The Prime Rate as of 5/6/2021 is 3.25%. Call (800) 472-5365 for current rates. Combined Loan to Value’s (“CLTV”) not to exceed 60% of the tax assessed value or 50% for lines secured by condominiums or townhouses. CLTV’s up to 70% (60% for condominiums or townhouses) determined using a Salem Five certified property appraisal or an online statistical appraisal acceptable to the lender are permitted. A Salem Five certified property appraisal will be obtained at the applicant’s expense if: 1) the value determined using an online statistical appraisal is unacceptable to the Lender or the applicant; 2) the requested line amount exceeds $400,000; or 3) for line requests secured by properties acquired via foreclosure, short sale, or the gift of equity. 1- to 4- family owner-occupied residences only. A $500 early termination fee applies for lines paid off within the first three years. For line amounts greater than $400,000, a full Appraisal will be required, and Title Insurance may be required. Additional fees will apply if the property is held in the name of a Trust. This offer is subject to change at any time without notice. Consult a tax advisor regarding the tax deductibility of interest. The maximum possible APR is 18%. The minimum possible APR is 2.75% after the 6-month introductory period. Property insurance is required, and flood insurance, if necessary. Other restrictions may apply.
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