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http://www.MyPlainview.com Plainview Daily Herald - <strong>Sun</strong>day, October <strong>11</strong>, 20<strong>09</strong> - Page 7A<br />
Plainview Daily Herald<br />
http://www.myplainview.com<br />
Keep infl ation in mind when investing<br />
As an investor, you’re always aware of the<br />
potential effects of market volatility on your<br />
portfolio. But you also need to pay attention<br />
to another factor that could impact<br />
your investments’ return — infl ation.<br />
If you look back over the last few<br />
decades, you might not think infl ation<br />
is much of a threat. Since the doubledigit<br />
rates of the early 1980s, infl ation<br />
has fallen signifi cantly and, for<br />
the most part, has stayed low. Still,<br />
over time even a mild annual infl ation<br />
rate can eventually erode your<br />
purchasing power.<br />
Obviously, if you’re a retiree, or<br />
close to retiring, you need to plan for the<br />
impact of infl ation on your income stream,<br />
which may, to a large degree, depend on the<br />
types of investments you own. But even if<br />
you’re at an earlier stage in life, you need<br />
to think about infl ation because it can reduce<br />
the “real” rate of return you receive on your<br />
investments.<br />
In any case, you can fi nd investments that<br />
may be able to help you cope with infl ation.<br />
When you own stocks, for example, you’ve<br />
got an ownership stake in companies that<br />
have the ability to raise prices — which make<br />
them effective infl ation-fi ghting investments.<br />
Keep in mind an investment in stocks fl uctuates<br />
and you can lose your money.<br />
But one of the biggest infl ation-fi ghting<br />
benefi ts of stocks is the dividends that they<br />
may pay. Well-run companies may reward<br />
investors by paying them back with dividends<br />
— and some companies have increased their<br />
dividends annually for decades. A word of<br />
caution, though: Companies can reduce or<br />
<strong>The</strong>se days, everyone is taking a new<br />
look at their fi nances — and no one is looking<br />
more closely than the millions of baby<br />
boomers who are nearing retirement age.<br />
While some boomers expected to retire at<br />
one of the traditional milestones,<br />
such as age 62, the current economy<br />
is forcing many of them to re-evaluate<br />
their plans. Many are wondering<br />
if they should work longer, or how<br />
their Social Security benefi t — or<br />
their spouse’s benefi t — would be<br />
affected if they continued working.<br />
To help them fi nd answers, Social<br />
Security has published a fact sheet<br />
called When To Start Receiving Retirement<br />
Benefi ts. You can read it<br />
online at www.socialsecurity.gov/<br />
pubs/<strong>10</strong>147.html.<br />
As most workers know, your choice of a<br />
retirement age — from 62 to 70 — can dramatically<br />
affect your monthly Social Security<br />
benefi t amount.<br />
If you choose to start receiving benefi ts<br />
early, the monthly payments will be reduced<br />
based on the number of months you receive<br />
benefi ts before you reach your full retirement<br />
age. <strong>The</strong> rate of reduction will depend<br />
on the year you were born. <strong>The</strong> maximum<br />
reduction at age 62 will be:<br />
•25 percent for people born between 1943<br />
and 1954.<br />
•30 percent for people born after 1959.<br />
If you wait until your full retirement age,<br />
ROCKET AVIATION<br />
FRIDAY: Tim Hardage flew to<br />
Dalhart D lh tand dbback kiin th the AAerostar. t JJeff ff<br />
Flemming departed for Duncan, Okla.,<br />
in his Cessna 150. Cody Williams flew<br />
to Amarillo and back in his Cessna<br />
172 Skyhawk. Hunter Bullock and<br />
Martin Tune returned from Midland in<br />
the Beech Baron. Ronnie Robbins test<br />
flew a Turbo Bellanca Viking for the<br />
shop. A customer flew in from Odessa<br />
for fuel and lunch, then flew locally<br />
videoing the airport runways, then<br />
flew to Austin in a Beech 200 King Air<br />
prop jet. Mark Belser flew in from Dallas<br />
for maintenance, then flew back<br />
to Dallas in his Bellanca Viking. Tim<br />
Hardage flew the Aerostar to Amarillo<br />
and picked up Craig Hackler on his<br />
airline arrival and flew back to Plainview.<br />
Craig picked up his Bellanca Viking<br />
after annual inspection and flew<br />
home to Denver. Dr. Kevin Stennett<br />
and family flew to Hobbs, N.M., in their<br />
Beech Bonanza. Dr. David Wright flew<br />
to Dallas in his Beech Bonanza. Jerry<br />
McCabe flew in from Lubbock for fuel<br />
and maintenance, then flew back to<br />
the Hub City in his Bellanca Viking. A<br />
customer departed for Bridgeport in<br />
his Aerostar. Phil Bohner and friend<br />
flew in from Houston to attend Phil’s<br />
Kress High School reunion, coming<br />
in a Cessna 172 Skyhawk. Phil is a<br />
captain for Continental Airlines, flying<br />
their 757 and 767 jets. Two custom-<br />
Don<br />
Book<br />
ers flew in from Arlington on a cross<br />
country for fuel and lunch, then flew<br />
to t Odessa Od and d Arlington A li t in i a Cessna C<br />
172 Skyhawk. AeroCare flew their jet<br />
helicopter to pick up a patient from<br />
Plainview Fire/EMS and flew back to<br />
Lubbock. Kevin Nelson flew his Cessna<br />
172 Skyhawk in from Floydada to<br />
talk to our maintenance personnel.<br />
SATURDAY: Tim Hardage and<br />
Hunter Bullock flew to Denton and<br />
back in the Beech E90 King Air prop<br />
jet. Richard Liles flew in from Matador<br />
for fuel, then flew home to Lubbock in<br />
his Experimental RV-7. Hunter Bullock<br />
flew Monty McFadden to Amarillo<br />
and back in the Beech Bonanza.<br />
SUNDAY: Art Cressman flew in<br />
from Prescott, Ariz., for fuel, then<br />
headed to Dallas in his Piper Saratoga.<br />
Tim Hardage flew to Denton and<br />
back in the Beech E90 King Air prop<br />
jet. Dr. David Wright returned from<br />
Dallas in his Beech Bonanza.<br />
MONDAY: AeroCare flew in from<br />
Lubbock to pick up a patient from<br />
Plainview Fire/EMS and flew back to<br />
Lubbock. Universal Sales and Leasing<br />
flew in from Montgomery, Ala.,<br />
for an overnight stay, coming in a<br />
Beech 200 King Air prop jet. Harold<br />
Walter flew in from Harrison, Ark., for<br />
fuel and flew to Ruidoso, N.M., in his<br />
Cessna 185.<br />
TUESDAY: Phil Bohner and friend<br />
departed for Houston in the Cessna<br />
Great Gifts For Fall!<br />
<strong>10</strong>0’s Of Letter Art Selections<br />
Each One Unique<br />
Taking Orders Now!<br />
This line will be featured at the<br />
Runningwater Draw Arts & Crafts Festival<br />
October 16-18, 20<strong>09</strong><br />
293-9979<br />
eliminate them at any time, without notice.<br />
In fact, during the long market slump we experienced,<br />
some companies did cut back on<br />
their dividend payments.<br />
Not all stocks pay dividends, of<br />
course. In any case, if you’re going<br />
to maintain a balanced portfolio,<br />
you’ll also want to own other types<br />
of investments, such as bonds. But<br />
many bonds — along with other<br />
fi xed-income vehicles, such as Certifi<br />
cates of Deposit — are not good<br />
“infl ation fi ghters” because the fi xed<br />
rate of return they offer simply may<br />
not keep up with infl ation. However,<br />
if you built a “bond ladder” — that<br />
is, a group of bonds with varying maturities<br />
— you’d have more fl exibility in combating<br />
infl ation, because your longer-term bonds<br />
typically offer higher interest rates.<br />
What about the so-called “infl ation hedges,”<br />
such as commodities and real estate?<br />
Actually, these “hedges” are extremely volatile<br />
and should be approached with great caution.<br />
You need look no further back than the<br />
bursting of the housing “bubble” to see that<br />
real estate, for instance, can go down just as<br />
fast as it goes up — and once down, it can<br />
take years to recover.<br />
In your efforts to invest wisely for the future,<br />
infl ation is only one of the variables you<br />
need to consider. But it can be an important<br />
one — so make sure you choose the investments<br />
that both address infl ation and can help<br />
you make progress toward all your fi nancial<br />
goals.<br />
(Financial Focus is presented by Don<br />
Book, a local investment representative at<br />
Edward Jones in Plainview.)<br />
Tools to help you decide when to retire<br />
Plane Talk<br />
Carmie<br />
Hill<br />
your benefi ts will not be reduced. And if you<br />
should choose to delay retirement, your benefi<br />
t will increase up to eight percent a year<br />
from your full retirement age until age 70.<br />
However, there is no additional benefi t increase<br />
after you reach age 70, even if<br />
you continue to delay taking benefi ts.<br />
Social Security also has created<br />
several retirement planners to help<br />
you make an informed decision. Social<br />
Security has an online calculator<br />
that can provide immediate retirement<br />
benefi t estimates to help you plan for<br />
your retirement. <strong>The</strong> online Retire-<br />
ment Estimator uses information<br />
from your own earnings record, and<br />
lets you create “what if” scenarios.<br />
You can, for example, change your<br />
“stop work” date or expected future earnings<br />
to create and compare different retirement<br />
options.<br />
To use the Retirement Estimator, visit<br />
www.socialsecurity.gov/estimator.<br />
Read When To Start Receiving Retirement<br />
Benefi ts at www.socialsecurity.gov/<br />
pubs/<strong>10</strong>147.html.<br />
And for general information about Social<br />
Security, visit www.socialsecurity.gov.<br />
Retirement decisions are unique to everyone.<br />
Make sure you are up to date with the<br />
important information you will need to make<br />
the choice that’s right for you.<br />
(Carmie Hill is manager of the local Social<br />
Security offi ce.)<br />
BUSINESS<br />
172 Skyhawk. Universal Sales and<br />
Leasing departed for Torrance, Calif.,lif<br />
in i the th Beech B h 200 King Ki Air Ai prop<br />
jet. Tim Hardage and Hunter Bullock<br />
test flew an Aerostar for the shop. A<br />
customer flew in from Bridgeport in<br />
his Aerostar.<br />
WEDNESDAY: Tim Hardage flew<br />
two customers to Ruidoso, N.M., and<br />
back in the Aerostar. Greg Hazelwood<br />
flew in from Porter for fuel, then flew to<br />
Pagosa Springs, Colo., in his Cessna<br />
2<strong>10</strong> Centurion. A customer flew his<br />
Aerostar locally after annual inspection.<br />
Department of Public Safety<br />
flew in from Lubbock to shoot the<br />
approach, then flew back to Lubbock<br />
in their Cessna 206 Stationair. Tim<br />
Hardage and Jon Stanfield test flew<br />
an Aerostar for the shop. Tyler Battey<br />
flew a Cessna 172 in for maintenance,<br />
then flew a Cessna 150 back home.<br />
THURSDAY: A customer departed<br />
for Bridgeport in his Aerostar. Six Bravo<br />
LLC flew in from Texarkana, Ark.,<br />
for fuel, then flew to Santa Fe, N.M., in<br />
their Cirrus SR-22. Tim Hardage and<br />
Jon Stanfield test flew an Aerostar for<br />
the shop. Ronnie Robbins and Tiffany<br />
Tully test flew a Scout for the shop.<br />
A customer flew in from Colorado and<br />
Abernathy for maintenance, fuel and<br />
an overnight stay, flying a Cessna 2<strong>10</strong><br />
Centurion.<br />
(Contact Gary McCormick at<br />
garymack92@hotmail.com)<br />
Happy State Bank has acquired<br />
First National Bank<br />
of Canadian, J. Pat Hickman,<br />
chairman and CEO of<br />
Happy State Bank & Trust<br />
Co., has announced.<br />
First National Bank of<br />
Canadian, established in<br />
1892, has offi ces in Canadian,<br />
Higgins and Canyon.<br />
With this acquisition,<br />
Happy State Bank purchased<br />
approximately $28 million<br />
in loans and assumed about<br />
$<strong>12</strong>0 million in deposits.<br />
Total assets of Happy State<br />
Bank are now $1.3 billion.<br />
Happy State Bank reached<br />
$1 billion in assets in January,<br />
only the second bank<br />
in the Texas Panhandle to<br />
reach this milestone.<br />
While Happy State Bank<br />
already has a signifi cant<br />
presence in the Texas Panhandle,<br />
now with 22 offi ces<br />
in 14 communities, this<br />
transaction moves the bank<br />
into Canadian and Higgins<br />
for the fi rst time.<br />
“We’ve wanted to be in<br />
Canadian, the oasis of the<br />
Panhandle, for a long time,”<br />
Hickman said. “<strong>The</strong>se offi<br />
ces are a perfect fi t for<br />
our bank. Not only does<br />
it allow us to increase our<br />
market share in Canyon, but<br />
more importantly it allows<br />
us to move into two new<br />
RAYMOND JAMES<br />
FINANCIAL SERVICES<br />
at<br />
American State Bank<br />
DAVID HOWARD<br />
Raymond James Financial Advisor<br />
Investing is about more than money - it’s about you. Where<br />
you want to go. And where you are, today. At American State<br />
Financial Management and Raymond James, that’s how we do<br />
business. We listen. We research the market. And from initial<br />
investment to long-term planning, we want to become your<br />
partner helping you achieve your financial goals.<br />
Start your investment, call David Howard today.<br />
741-2283<br />
<strong>Sun</strong>day, October <strong>11</strong>, 20<strong>09</strong><br />
Page 7A<br />
Courtesy Photo by Steven Biedermann<br />
FOR UNITED WAY: Cargill recently hosted its fourth annual United Way Softball<br />
Tournament, adding approximately $1,000 to this year’s fundraising efforts.<br />
<strong>The</strong> winning team, “Traviesos,” went undefeated the entire tournament to garner<br />
the first-place trophy. Players are (back row, from left) Luis Rogers, Zach<br />
Sifuentes, C.J. Perez, Eric Ramos, Luis Castro, Nathaniel Mendoza, Francisco<br />
Juanes, (kneeling) Julian Vasquez and Eloy Juanes.<br />
Happy State Bank purchases<br />
First National of Canadian<br />
HOUSTON (AP) — <strong>The</strong><br />
number of rigs actively exploring<br />
for oil and natural<br />
gas in the U.S. last week<br />
rose by 17 to 1,041.<br />
Houston-based Baker<br />
Hughes Inc. said Friday that<br />
726 rigs were exploring for<br />
natural gas and 305 for oil.<br />
Ten were listed as miscellaneous.<br />
A year ago this week,<br />
the rig count stood at 1,990.<br />
Of the major oil- and gasproducing<br />
states, Louisiana<br />
and Texas each gained six<br />
rigs, Oklahoma gained two<br />
and California, North Dakota<br />
and Wyoming each gained<br />
communities.”<br />
Happy State Bank now<br />
has offi ces in Happy, Amarillo,<br />
Borger, Canadian,<br />
Canyon, Dalhart, Dumas,<br />
Hereford, Higgins, Pampa,<br />
Panhandle, Plainview, <strong>Sun</strong>ray<br />
and Stratford.<br />
Happy State Bank was<br />
chartered in 1908 in Happy.<br />
In 1990, the $<strong>10</strong> million<br />
bank was acquired by<br />
a group of Panhandle area<br />
investors and now is the<br />
second largest bank in the<br />
region. <strong>The</strong> bank has approximately<br />
225 stockholders,<br />
with 95 percent of them<br />
living in the Panhandle<br />
area.<br />
Number of active rigs rises by 17<br />
one. Arkansas, Colorado and<br />
New Mexico each lost one<br />
rig. <strong>The</strong> number of rigs in<br />
Alaska was unchanged.<br />
<strong>The</strong> rig count tally peaked<br />
at 4,530 in 1981, during the<br />
height of the oil boom. <strong>The</strong><br />
industry posted a record low<br />
of 488 in 1999.<br />
Located at American State Bank � 3301 Olton Rd. � Plainview, TX<br />
http://asbonline.com/personal/investments.asp<br />
Securities are offered through Raymond James Financial Services Inc. Member FINRA/SIPC, an independent<br />
broker/dealer, and are not insured by the FDIC or any other bank insurance, are not deposits or obligations<br />
of the bank, are not guaranteed by the bank, and are subject to risks, including the possible loss of principal.<br />
American State Bank and American State Financial Management are independent of Raymond James<br />
Financial Services.