Home Classifieds Work For Us Rack Locations Order Photos Contact Us Advertising Info Featured Advertisers

Click here to read
the latest issue

Browse Sections:

News
Forever Young
Classifieds
Community
Advertisers
Election
Rants & Raves
Sports
Crime Report
Opinion
Calendar of Events
Entertainment
Dining Guide
Special Section Publications
Business & Finance
Business Columns
Star Scopes
Computer/Technology
Cooking/Food
Counseling/Advice
Family Issues
Fishing
Gardening
Travel
Golf
Pets
Religion
Columnist Archives
Crossword Puzzle
Jail Court Live Web Cams

Weather Cams:

Now browsing: Hometown News > Business Columns > Randy Frankenberry

Randy Frankenberry
This Week | Archive


Who are you kidding?
Rating: 2.77 / 5 (242 votes)  
Posted: 2007 Mar 09 - 02:53

Randy Frankenberry

Financial columnist

OK, so we Americans, post WW II generation, aren't known for our savings prowess. But we do have a reputation of always being ready to do something; such as plan for the future.

Sometimes we even get around to doing something proactive. Yep, that's us, still ready to adjust our lives based on changing circumstances, and, like good Americans, we do it with the most positive of attitudes. If we have a problem, we solve it.

Today, you are planning for retirement. Yep, you just turned 60 and it's a bit late, but, you don't have enough money to retire, so maybe you'll work.

Many of your friends plan on working, but wait a second, work as what? With all of the competitive pressure from overseas, all the downsizing and the changes in technology, it's hard enough to hang on to the job you have.

You think to yourself, maybe you could be a greeter, a fast food guy or even a security guard.

Of course, you will think in five years you'll be free of the parent care issues. It sounds cruel, but caring for mom and dad, just wasn't in your plans. And now with Dad gone, and Junior finishing up his five years at college, you'll have a little financial wiggle room in the near future.

But you've been told that you'll need at least 80 percent of your retirement income, just to live comfortably in your retirement lifestyle.

You're not even close! You have Medicare for the doctor bills and enough life insurance, well at least you have some, and your spouse can get by on it. If you ever need to have a long-term care like Mom and Dad, you can always move in with junior, right?

Yep, you're done. You'll work if you can, learning those new catch phrases such as"paper or plastic," and "Welcome to Wal-Mart," that's help.

You got some savings and you'll try to put aside a little more. Medicare will take of the day-to-day medical expenses, and Junior will keep that spare bedroom reserved for you.

Prudence would demand a bit more in-depth planning, including a complete review of your financial status and a worst-case scenario plan in case you die early. The point I am making is that procrastination can be very costly. Remember: It is never too late to create positive change.

Randy Frankenberry of

Local Financial Expert Frankenberry & Associates

(386) 322-1902





Make this site your Homepage e-mail us

Legal Notices




Join our Mailing List:


Crossword Puzzle:

Archives Calendar:

« Jul, 2014 »
SunMonTueWedThuFriSat
1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 31

Search Stories:




.