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August 21, 2014 Golden Valley News Page 5
Hat Tips
By Dean Meyer
On the road again
A horse in Theodore Roosevelt National Park's South Unit seems
ing on the loop road last week. (Photo by Jane M. Cook)
to be
yawning while stand-
Is life insurance needed in reti
Dear Savvy Senior,
Is life insurance needed in retire-
ment? I'm about to retire and have
been thinking about dropping my
policy to escape the premiums. Is
this a good idea?
Over Insured
Dear Over,
While many retirees choose to
stop paying their life insurance pre-
miums when they no longer have
young families to take care of, there
are a few reasons you may still want
to keep your policy. Here are some
different points to consider that can
help you determine if you still need
job, then there's probably no need to
continue with the policy.
Estate taxes: Life insurance can
also be a handy estate-planning tool.
If, for example, you own a business
that you want to keep in the family
and you don't have enough liquid
assets to take care of the estate
taxes, you can sometimes use a life
insurance policy to help your heirs
rement?
pect to get with a life settlement will
depend on your age, health and life
expectancy, the type of insurance
policy, the premium costs and the
value of your policy. Most sellers
generally get 12 to 25 percent of the
death benefit.
If you're interested in this option,
get quotes from several brokers or
life settlement providers. Also, find
out what fees you'll be required to
pay. To locate credible providers or
brokers, the Life Insurance Settle-
ment Association provides a referral
service at lisa.org.
Send your senior questions to:
life insurance,in retirement.
Dependents: Life insurance is
designed to help protect your spouse
and children from poverty in the
case of your untimely death. But if
your children are grown and are on
their own, and you have sufficient
financial resources to cover you and
your spouse's retirement costs, then
there is little need to continue to
have life insurance.
But, if you had a child late in life
or have a relative with special needs
who is dependent on you for in-
come, it makes sense to keep paying
the premiums on your policy.
You also need to make sure your
spouse's retirement income will not
take a significant hit when you die.
Check out the conditions of your
pension or annuity (if you have
them) to see if they stop paying
when you die, and factor in your lost
Social Security income too. If you
find that your spouse will lose a sig-
nificant portion of income upon
your death, you may want to keep
the policy to help make up the dif-
ference.
Work: Will you need to take an-
other job in retirement to earn in-
come? Since life insurance helps
replace lost income to your family
when you die, you may want to keep
your policy if your spouse or other
family members are relying on that
income. If, however, you have very
little income from your retirement
terested third party (not your insur-
ance agent), like an estate planning
expert or a fee-only financial plan-
ner to help you determine if your
life insurance policy can help you
with this.
Life Settlement Option
If you find that you don't need
your life insurance policy any
longer, you may want to consider
selling it in a "life settlement" trans-
action to a third party company for
more than the cash surrender value
would be, but less than its net death
benefit. The best candidates are
people over age 65 who own a pol-
icy with a face value of $250,000 or
more.
Once you sell your policy, how-
ever, the life settlement company
becomes the new owner, pays the
future premiums and collects the
death benefit when you die.
How much money you can ex-
pay off Uncle ,Sam wheDyot d e. Savvy Senior, P.O. Box 5443, Nor-
It's a good idea totalk to adisin- man, OK 73070, or visit SavvySe-
nior.org. Jim Miller is a contributor
to the NBC Today show and author
of "The Savvy Senior" book.
Please ......
support
your local
merchants
SATURDAY, AUGUST 23
10:00 AM TO 4:00 PM
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The following are cases closed Ephrata, Wash.; Joshua D. Ryan, 47, Johnny J. Carpenter, 53, Baker,
in Southwest District Court in July Glendive, Mont.; Jeremy W. Smith, Mont.; Steven R. Mittlestadt, 45,
in Golden Valley County: 33, Mandan; James A. Styres, IV, 27, Glendive, Mont.; Kenneth F. Waiz,
Possessing/discharging fire- Yacolt, Wash.; Cory J. Alfson, 45, 59, Mandan
works on WMA: Michael A. Albert Lea, Minn.; Rebecca L. Ben- Vehicle with tinted or driver
Bryant, 24, South Heart chouaf, 50, Wibaux, Mont.; Dylan S. compartment window not to be
Possession/use of glass beverage E. Davidson, 19, Coeur D'Alene, tinted: Lloyd J. Weinreis, 20, Sen-
container: Kara L. Burke, 23, South Idaho; Amanda F. Duncan, 34, Mis- tinel Butte
Heart soula, Mont.; George A. Giardini, 46, Issuing check or draft without
Deposit of refuse/littering: Beach; Bryant R. Harvey, 28, Dick- sufficient funds or credit: Molly
Kerry L. Craig, 54, Rutherford, N.C. inson; Leighton S. Heppner, 25, Colon, 33, Sentinel Butte
Violated posted restrictions:Dodson, Mont.; Christopher A. Huf- Licenses to hunt, trap, or fish
Karen M. Davidson, 35, Sentinel ford, 41, Baker, Mont.; Kramer B. required of residents: Manuel J.
Butte; Bryant C. Jessop, 23, Dickin- Kelly, 24, Glendive, Mont.; Alexan- Serna, 30, Williston
son; Mark B. Lund, 43, Sentinel der G. McMillan, 36, Fort Worth, Operator failed to wear seat
Butte; Stephen V. Nixon, 42, Texas; Paul W. Miller, 46, Billings, belt: Zachariah J. Hayford, 25,
Billings, Mont. Mont.; Earl W. Moen, 53, Golva; Breezy Point, Minn.
Speeding: Aaron J. Barger, 23, Clint A. Olesen, 40, Sheridan, Wyo.; Crossing the median: Mark D.
Manning; Alex E. Burr, 66, Elgin; Scott W. Peirce, 52, Lino Lakes, Johnson, 60, Bloomington, Minn.
Ashley N. Childress, 25, Wibaux, Minn.; Adrian J. Phillips, 21, Dick- Care required in operating a re-
Mont.; Marc G. Erickson, 62, inson; Maureen E. Robertson, 68, hide: Raymond D. Wegner, 16,
Billings, Mont.; Gemini D. Flores Lasalle QC, Canada; Ben Rouhani, Beach
Salinas, 19, Nampa, Idaho; Seth R. 48, Las Vegas, Nev.; Dwayne Sin- Simple assault-domestic vio-
Hartman, 34, New Castle, Wyo.; nott, 43, Minot; Christopher L. lence:LynnW. Kula, 51,Beach
Timothy O. Moore, 20, Harvard, Smith, 25, Coeur D'Alene, Idaho; Licenses to be carried on per-
Idaho; Benjamin J. Nucci, 40, Great Paul T. Taylor, 70, Benton, Ark.; son-shown officers on demand:
Falls, Mont.; Martin J. Purdom, 52, Michael R. Carbaugh, 50, Killdeer; Daniel L. Hoffer, 72,Billings, Mont.
Hello,
It's been a different kind of Au-
gust. At least in our comer of the pas-
ture. Normally, August is hot and
dry. You hope for a cool night, but
they don't come often enough. But
when they do, you crack the window
open, turn on a fan, and let that night
air in. This year, nights have been in
the fifties. Rain has been setting
records. We've had just nice rains,
but have friends and neighbors
flooded out. I hope this finds you safe
and dry.
Yesterday, I was going to get a
calf in to doctor. Now, I've spent
$250 on medicine and darts on this
lame calf, and he's not improving.
Still packing a leg. But he is getting
so he can damn sure run on three
legs. The range on my dart gun is
limited, as is Shidey's ability to hit a
running target at 25 mph while
bouncing across badger holes and
mole hills on a 4-wheeler. They
could have created a TV series that
would equal some of the reality
shows that are now on TV by filming
us doctoring that calf. But, then
again, it would have a lot of things
bleeped out.
So, I saddled up and gave Shirley
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the plan. I'll bring the calf up the tree
row. You stay on the west side of the
trees and keep him headed south. I
drew it out on a bar napkin I hap-
pened to have in my pocket. Looked
easy on paper.
That calf saw us coming, stuck
that big foot in the air, and sold out!
I loped along behind him. He busted
for the trees and Shirley the Cow
Woman was right there. He tried
again. Again, Shirley the Cow Ben-
der, was in the right spot. One last try
and Shirley the Wonder Woman bent
him into the corral.
As I rode up, she smiled and said
(for the millionth time), "It's an easy
life if you have a good wife!" And I
had to agree.
Then last night, I saw that ad (for
the millionth time). "You don't have
to be lonely (hum along) at farmer-
sonly.com". Sick. Then there was an-
other ad for christianmingles or
zards and drought. We shared joy and
tears. And I still miss them.
But one time, back before the in-
ternet and all of these dating sites,
people used to post these ads. It was
always a guy that "Likes romantic
walks, love stories, dancing, sitting
by the fireplace, enjoys a fine wine,
spending time with his soul mate,
neat, clean, shaves daily,
wealthy..."Yeah, you know, he's
making this stUff "up or he wouldn't
need to run an ad in the county paper.
So, one morning, I'm having cof-
fee with Edith and I tell her I am
going to run an honest ad just to see
what happens. I was going to put
"married man, loves alcohol and
pinochle, occasionally team ropes,
hates walking anywhere, overweight,
unshaven, plays golf very poorly,
doesn't care for wine, hates roman-
tic evenings by the fireplace, dirt
poor and the future doesn't look
good. Looking for someone with
similar interests and looking for a
good time!"
somethihg/Thena ffarmOny deal. ..... I. asked Edith if she thought any-
And that reminded me of Pete and one would reply. She didn't even
Edith. They were our neighbors. The hesitate. "Alvin Gravos".
best you could have. We shared cof- Sorry Alvin.
fee, kids, grandkids, machinery, bliz- Later, Dean
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