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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.

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