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5 Financial Risks to Consider in Retirement PDF Print E-mail
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Written by Ginny Grimsley   
Friday, 28 March 2014 13:08

After a Lifetime of Climbing, Retirees Need to be Cautious on their Descent, Expert Warns

Most people don’t know that 80 percent of mountain-climbing accidents don’t occur on the way to the summit – they happen on the way down, says financial expert and extreme sports enthusiast David Rosell.

Although arriving at the top of the mountain is considered by many mountaineers to be one of life’s greatest accomplishments, I can tell you firsthand that summiting is not the ultimate goal for climbers,” says Rosell, CEO of Rosell Wealth Management and author of “Failure is NOT an Option,” (www.DavidRosell.com).

“They know that most climbing accidents and deaths occur on the descent. With this in mind, they will tell you that their objective is to reach the summit and get back down alive to see their family and friends. They understand that the second half of their journey presents the greatest risk and requires the most planning.”

“Likewise, we need to think of retirement as the descent from the financial mountain, which can be treacherous.”

Retirees and pre-retirees need to evolve from the traditional view of retirement, especially with so much legitimate concern about an unprecedented retirement crisis on our immediate horizon, he says. According to a 2013 report by the National Institute on Retirement Security, 45 percent of working-age American households have no retirement savings.

That’s on top of the 3.5 million baby boomers who have been retiring each year, and will continue to do so for more than a decade.

To help his clients thrive while experiencing descending their own financial mountains, Rosell briefly touches upon five major financial risks many experience during retirement.

• Inflation: During the second half of your financial journey, it’s critical that you’re able to maintain your purchasing power. Inflation simply means that every year your money buys a little – or a lot – less than it did the year before. Currently, inflation is 3.5 percent, which doesn’t sound like much. However, even if the rate holds steady and doesn’t increase, prices will have doubled in 20 years.

• Longevity: According to U.S. Census Bureau figures, the over-80 population is increasing five times faster than the overall population. By 2030, the demographics of 32 states will resemble those of Florida today. With more golden years to play, you’ll want the funding to make them fun! “Today,” Rosell says, “going gray means time to play.”

• Health/long-term care: Sadly, the escalating costs associated with long-term care during retirement can make the possibility of outliving one’s retirement income a reality for many. Statistics reveal that as we age, there’s an increased probability of our eventually needing assistance with basic daily activities. The truth is that most of us will need long-term care in our later years.

• Market risk: Economic recessions have occurred throughout the history of modern economics and always will, averaging one almost every nine years. If the market loses 50 percent one year and then increases 50 percent the following year, where are you? Many people get this wrong; after the fall and subsequent rise of 50 percent, you will have lost 25 percent. "This happened twice in the last decade," Rosell says.

• The sequence of returns: Gains or losses, or the order in which you receive your returns, can have a major impact on your retirement portfolio. It can mean the difference between having enough income in retirement and running out of money too soon. Be careful when an analysis states that you should achieve your goals by obtaining a specific rate of return. In most cases, this statement has not accounted for the sequence of returns.

“These are by no means the only tricky slopes that may have an affect on your retirement,” Rosell says. “Just as you have worked a lifetime to have money for your golden years, now is the time to manage your wealth wisely.”

About David Rosell

David Rosell, author of “Failure is NOT an Option,” (www.DavidRosell.com), is a sought-after speaker who has addressed international audiences including the Million Dollar Round Table. He is a recipient of the Retirement Distribution Certificate from the University of Pennsylvania’s Wharton School of Business, and has been featured on NPR.  His company, Rosell Wealth Management, was a select finalist in 2008 for the management of the $500,000,000 Oregon 529 College Fund. He is the past chairman of the Bend, Ore., Chamber of Commerce, the City Club of Central Oregon and his Toastmasters chapter. With a current tally of more than 65 countries on four different continents, Rosell has a quest for extreme travel and adventure.

 
Iowa Gov. Terry Branstad and Oklahoma Gov. Mary Fallin visit Oklahoma City bombing memorial donated by Iowans PDF Print E-mail
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Written by Office of the Governor of the State of Iowa   
Friday, 28 March 2014 10:37

(OKLAHOMA CITY, Oklahoma) – Iowa Gov. Terry E. Branstad yesterday joined Oklahoma Gov. Mary Fallin in visiting a grove of trees the people of Iowa donated to the victims of the April 19, 1995, bombing of the Alfred P. Murrah Building in Oklahoma City. This is the first time that Branstad has returned to view the bombing memorial tree garden since he took part in a dedication ceremony in November 1995. 

“After the bombing in Oklahoma City in 1995, the governor’s office worked with Iowa citizens to pay tribute to the victims of this horrific act in Oklahoma,” said Branstad. “We remembered that two years prior to the bombing, Oklahomans graciously donated food and water to Iowans affected by the 1993 floods. I was honored to be able to pay my respects to the victims of the bombing and visit the grove that Iowans so generously donated during a difficult time for Oklahomans.”

The idea for the grove came from former Iowa State Horticulturist Dan Cooper. Horticulture students from Iowa community colleges and Iowa State University planted the trees. The Iowa State Horticulture Society partnered with Iowa citizens and businesses to raise funds to cover the costs of the planting.

A November 17, 1995, article published by The Oklahoman described the grove of trees stating, “When the linden trees are mature, their tops will form a thick green canopy. The trees have a nondescript yellow bloom but it has a marvelous spicy fragrance.”  

   

The article continued, “[T]he crab apple trees, which will be planted in a horseshoe shape in the center of the grove, have a dark pinkish-red blossom. They will be planted around a large piece of red marble, salvaged from the rubble of the Murrah Building, being placed in the center of the grove. On it will be a plaque dedicating the grove as a gift from the Iowa State Horticulture Society.”

"Oklahomans will never forget the outpouring of support from across the country that helped us cope with the senseless and cold-blooded attack on the Murrah Building," Oklahoma Gov. Mary Fallin said. "Acts of kindness provided hope during those dark days. We are grateful for the many Iowans who donated their time and resources to design and plant a bombing memorial garden at the Oklahoma state Capitol."

Branstad is visiting Oklahoma City, Oklahoma, for a National Governor’s Association conference on education and the workforce. Fallin, who was Oklahoma’s lieutenant governor when the grove was planted, invited Branstad to visit the memorial.

Photos of the visit are available on Gov. Branstad’s website. Photos are courtesy of Michael McNutt, Press Secretary in the Office of Governor Mary Fallin.

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Iowa Supreme Court Opinions March 28, 2014 PDF Print E-mail
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Written by Iowa Judicial Branch   
Friday, 28 March 2014 10:26
Notice: The opinions posted on this site are slip opinions only. Under the Rules of Appellate Procedure a party has a limited number of days to request a rehearing after the filing of an opinion. Also, all slip opinions are subject to modification or correction by the court. Therefore, opinions on this site are not to be considered the final decisions of the court. The official published opinions of the Iowa Supreme Court are those published in the North Western Reporter published by West Group.
Opinions released before April 2006 and available in the archives are posted in Word format. Opinions released after April 2006 are posted to the website in PDF (Portable Document Format).   Note: To open a PDF you must have the free Acrobat Reader installed. PDF format preserves the original appearance of a document without requiring you to possess the software that created that document. For more information about PDF read: Using the Adobe Reader.
For your convenience, the Judicial Branch offers a free e-mail notification service for Supreme Court opinions, Court of Appeals opinions, press releases and orders. To subscribe, click here.
NOTE: Copies of these opinions may be obtained from the Clerk of the Supreme Court, Judicial Branch Building, 1111 East Court Avenue, Des Moines, IA 50319, for a fee of fifty cents per page.
No. 12–0627
DIEAN SABIN vs. IVAN ACKERMAN
No. 12–2055
TINA LEE vs. STATE OF IOWA and POLK COUNTY CLERK OF COURT
No. 13–1124
IOWA SUPREME COURT ATTORNEY DISCIPLINARY BOARD vs. MASON JAMES OUDERKIRK
No. 13–1965
IOWA SUPREME COURT ATTORNEY DISCIPLINARY BOARD vs. RONALD L. RICKLEFS

 
Gov. Branstad denies 18 applications for commutation PDF Print E-mail
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Written by Office of the Governor of the State of Iowa   
Friday, 28 March 2014 10:16

(DES MOINES) – Gov. Terry E. Branstad today denied the following applications for commutation:

LeRoy W. Basham, age 64, committed his crime on March 2, 1987, in Boone County.  He is currently serving a life sentence for first-degree murder. 

James W. Bettis, age 43, committed his crime on September 6, 1988, in Page County.  He is currently a life sentence for first-degree murder.

Tina M. Bowers, age 44, committed her crimes on about October 1, 1996, in Cedar County.  She is currently serving a term of incarceration not to exceed fifty years for four counts of second-degree Sexual Abuse; twenty-five year sentences consecutively and two twenty-five year counts concurrently for a total of fifty years with a 70% mandatory. 

Gerne E. Dryer, age 66, committed his crimes on December 8, 1993, in Dubuque County.  He is currently serving a life sentence for first-degree kidnapping and four counts of assault with a dangerous weapon.

James Eaglefeather, age 34, committed his crimes on October 6, 1998, in Pottawattamie County.  He is currently serving a term of incarceration not to exceed twenty-five years for Robbery – 1st degree, 85%.

Brandon S. Horkheimer, age 24, committed his crime on December 30, 2009, in Dubuque County.  He is currently serving a term of incarceration not to exceed ten years for Robbery – 2nd degree, 85%. 

Jennifer L. Kerby, age 32, committed her crime on September 28, 2000, in Polk County.  She is currently serving a term of incarceration not to exceed twenty-five years for Robbery – 1st degree, 85%.

Danny Ray Long, age 39, committed his crimes on or about December 11th and 18th, 1998, in Pottawattamie County.  He is currently serving a term of incarceration not to exceed fifty years for two counts of Robbery – 1st degree, 85%. 

Murl E. McMullin, age 49, committed his crime on June 4, 1986, in Linn County.  He is currently serving a life sentence for first-degree murder.

Emanuel Myers, Jr., age 41, committed his crime on June 10, 2007, in Johnson County.  He is currently serving a term of incarceration not to exceed ten years for Robbery – 2nd degree (85%).

Robert L. Pate, age 39, committed his crimes on February 1, 2000 and October 4, 2007, in Polk County.  He is currently serving a term of incarceration not to exceed seventy-five years for second-degree Controlled Substance and Prohibited Acts – Controlled Substance (cocaine).

Derome Robertson, age 36, committed his crime on November 14, 1996, in Linn County.  He is currently serving a term of incarceration not to exceed twenty-five years for first-degree robbery.

Steven G. Sempek, age 46, committed his crimes on April 1, 1998, in Pottawattamie County.  He is currently serving a 100-year sentence for six counts of Sexual Abuse in the second-degree (85%). 

Kenneth Allen Todd, age 53, committed his crime on September 18, 1982, in Polk County.  He is currently serving a life sentence for first-degree murder.

David Tomlinson, age 40, committed his crimes on May 22, 1998, in Tama County.  He is currently serving a life sentence plus fifty-five years for first-degree murder, second-degree murder (85%), and flee state to avoid prosecution.

Simon C. Tunstall, age 58, committed his crime on August 31, 1986, in Woodbury County.  He is currently serving a life sentence for first-degree murder.

Mark A. Wilder, age 38, committed his crimes on July 11, 2002, in Black Hawk County.  He is currently serving a term of incarceration not to exceed thirty years for first-degree robbery (85%) and escape of a felon.

Arthur Lee Williams, Jr., age 65, committed his crime on May 31, 1972, in Black Hawk County.  He is currently serving a life sentence for first-degree murder.

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Embracing the Middle East: The Corrie Family Story PDF Print E-mail
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Written by Laura Anderson, Sisters of St. Francis, Center for Active Nonviolence and Peacemaking   
Friday, 28 March 2014 08:34

In 2003, 23-year old human rights activist Rachel Corrie was killed by an Israeli military bulldozer in the Gaza Strip as she tried to prevent the demolition of a Palestinian family’s home.  Rachel’s parents, Cindy and Craig Corrie, motivated by their daughter's work and example, have dedicated themselves to the pursuit of justice and peace in the Middle East.  The Corries will share their family story on Friday, April 11 at 7:00pm at The Canticle – home of the Sisters of St. Francis – 841 Thirteenth Avenue North in Clinton.  This event from the Center for Active Nonviolence and Peacemaking is free of charge and open to the public.

Cindy and Craig Corrie, both raised and educated in Iowa, have made numerous visits to the Middle East region, most recently in fall 2012 leading Interfaith Peace-Builder delegations to Israel, the West Bank and Gaza.  “Rachel wrote of the importance of making commitments to places and initiated this one to Rafah and Gaza. The commitment she made continues,” said Cindy Corrie.  

The Corries have continued to seek accountability in the case of their daughter and to promote changes in U.S. foreign policy in Israel/Palestine through efforts with the U.S. Congress, U.S. Departments of State and Justice, the Israeli Government, the Israeli and U.S. court systems, and at the corporate headquarters of Caterpillar Inc. 

It is the continuing policy of the U.S. Government that the matter of Rachel Corrie's killing has not been adequately investigated and addressed by the government of Israel.  Encouraged by U.S. officials, the Corrie family in 2005 filed a civil lawsuit in Israel in their daughter's case.  On March 10, 2010, seven years after Rachel Corrie's killing, oral argument in the case began in Haifa District Court.  It proceeded with sporadic court dates until a final hearing on July 10, 2011.  In an August 28, 2012 ruling, Judge Oded Gershon absolved the Israeli military and state of all responsibility.  The Corrie family has filed an appeal with the Israeli Supreme Court.  A hearing is scheduled forMay 21, 2014. 

Rachel Corrie was a prolific and gifted writer. With their daughter Sarah, the Corries co-edited Let Me Stand Alone: the Journals of Rachel Corrie, a collection of Rachel's poetry, essays, letters and journal entries, published by W.W. Norton & Co in 2008. The Corries speak widely of their daughter's story and experience, and of their own work with the people of Palestine and Israel   They are frequent guests at post-performance discussions of the playMy Name is Rachel Corrie, co-edited by Alan Rickman and Katharine Viner, and produced in theaters across the U.S. and world. 

   

The Corries have resided in Olympia, Washington, for over thirty-five years where with community supporters, they now carry on the work of the Rachel Corrie Foundation for Peace and Justice.  In December 2010, the foundation was recognized for “outstanding service for Human Rights-Unique Achievement” by the Thurston County Diversity Council. The Corries are recipients of a Human Rights Advocate of the Year Award from Seattle University’s Human Rights Network and a Pillar of Peace Award from the Pacific Northwest Region of the American Friends Service Committee.  In October 2012, they accepted the LennonOno Grant for Peace on behalf of their daughter Rachel.  

   

For more information about the Rachel Corrie Foundation for Peace and Justice visit http://rachelcorriefoundation.org.  

The Center for Active Nonviolence and Peacemaking was created by the Sisters of St. Francis as means for integrating Franciscan spirituality with the mission of promoting active nonviolence and peacemaking, as well as advocating for social justice issues and care for the earth.  Most recently, the Center has focused on immigration reform, human trafficking, abolition of the death penalty, domestic violence and sexual assault, poverty, environmental concerns, and active nonviolence. Through special events, our weekly Action Alert Digest and website, the Center reaches out to involve the community at large.  For more information about the event at The Canticle, call 563-242-7611 or visit www.ClintonFranciscans.com.

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