Financial Specialist Shares Ways to Help Your Child
While Protecting Your Retirement

From $20,000 to $65,000 a year - that's the tuition cost for one year of college, says John McDonough, a money expert who helps retirees and parents plan for their families' futures.

"For the 2012-2013 academic year, the average cost for an in-state public college is $22,261. A moderate budget for a private college averaged $43,289," says McDonough, CEO of Studemont Group College Funding Solutions, www.studemontgroup.com. "But for elite schools, we're talking about three times the cost of your local state school. Either way, your kid's higher education can easily shoot into six figures after four years."

Along with worrying about rising tuition prices, parents also fear for their own futures if their retirement savings are drained by children's college costs, McDonough says. Only 14 percent, for example, are very confident they'll have the money to live comfortably in retirement, he says, citing a 2012 survey by the Employee Benefit Research Institute.

"Families feel they're faced with conflicting goals, but there are numerous ways to pay for college while investing in your future retirement," says McDonough, who offers insights for parents to keep in mind while planning for their child's education:

• The ROI of a college education: At a time when so many American families are financially strapped, college is an especially stressful topic because parents know higher learning will help their kids succeed. College graduates earn 84 percent than those with only a high school diploma, according to Georgetown's Center on Education and the Workforce. Here is how earning breaks down over one's life time, based on education: a doctoral degree-holder will earn $3.3 million over a lifetime; $2.3 million is estimated for a college graduate; those with only a high school diploma can expect $1.3 million.

• Move retirement assets to qualify for grants: Most parents know about the 529 savings account, but that's not necessarily the best or only option. Reallocating your retirement assets, such as 401(k)s, can better position a child to qualify for grants and scholarships. This legal and ethical maneuvering may be the single most important factor when considering how to pay for college.

• Know your student's strengths and weaknesses: Consider independent and objective analysis of your future college student. Assessment might include a personality profile and a detailed search for a future career. Also think about a more nuts-and-bolts approach, including scholarship eligibility, SAT and ACT prep courses, review of admissions essays and an in-depth analysis of chances for enrollment in a student's top four choices of colleges.

• Make a checklist of financial aid forms: In order to maximize a fair price of higher education, remember there is plenty of data to review. McDonough recommends a checklist with a timeline and notable deadlines. Be ready to troubleshoot the "alphabet soup" of data forms: FAFSA - Free Application For Federal Student Aid; CSS profile - College Scholarship Service; SAR - Student Aid Report; and more. Think about this process as a second job, or find professional help you can trust.

About John McDonough

John McDonough is the managing member at Studemont Group, which is primarily focused on helping retirees gain peace of mind with unique market rescue and recovery programs. He is also founder, president and CEO of Studemont Group College Funding Solutions. His experience in the financial services industry includes managing partner at Granite Harbor Advisors in Houston and divisional vice president of AXA Equitable/AXA Advisors, the third largest insurance company in the world. McDonough is a member of the prestigious Forum 400, a qualifier at the Court of the Table qualifier for Million Dollar Round Table, an active member in National Association of Insurance and Financial Advisors and Society of Financial Service Professionals, as well as American Association of Life Underwriters. He has completed the course work to sit for the Certified Financial Planner® professional designation exam from Rice University.

Greetings from Modern American Cinema! The next film in the De Witt Operahouse Film Series will be Back Road Blues, directed by Blake Eckard, will be screening at 2PM on Sunday, May 19th.

Location:
De Witt Operahouse Theater
712 6th Ave
De Witt, IA 52742-1638
Plot:
When a drifter is slowly working his way towards home, he finds himself without money. He ends up finding a job that doesn't pay much, but it will do for now. While working he gets to know another young man who started a month earlier, and the two eventually bond. What follows is a story of drifters trying to move on.

"A minor masterpiece, Back Road Blues is hilariously absurd and tragic- like America itself" says Dennis Grunes, author of A Short Chronology Of World Cinema
Back Road Blues is the second movie written, produced, directed, and edited by Missouri based filmmaker Blake Eckard. In June 2004, after Eckard spent four years working on a film about the Sasquatch Oregon, he returned to his hometown of Stanberry and wrote a thirty page script. Two months later shot the film in seven straight days on 16mm recans (film that has been open, loaded into the camera, but not used). The film was originally intended for broadcast on PBS. It had short theatrical release during the summer of 2008 in Toronto, Canada through a company called Film We Like. In 2012, Back Road Blues along with three other titles from Blake Eckard were picked up for distribution by Modern American Cinema, LLC (distributors of Capone's Whiskey: The Story of Templeton Rye).
Modern American Cinema is Iowa based independent media distributor with interests in both broadcast and theatrical exhibition. Founded in 2010 by Rock Island native, Kristian Day (director of Capone's Whiskey: The Story of Templeton Rye and Brent Houzenga: Hybrid Pioneer), the company distributes between five to six films per year to art houses, student cinemas, and rural town theaters.
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ORTHFIELD, MN (05/13/2013)(readMedia)-- Joseph Dickens was among nearly 900 St. Olaf College students who were recognized for academic achievement at the college's annual Honors Day convocation on May 3. Dickens, from Bettendorf, is a Mathematics major. He is the son of Dan Dickens and Jayne Rose.

Honors Day recognizes students who have a cumulative grade point average of 3.60 or higher on a 4.0 scale. The convocation also recognizes students who have been awarded scholarships and fellowships, including Fulbright scholars, Goldwater scholars, and senior members of leadership and academic honor societies.

The ceremony began with a colorful academic procession led by St. Olaf President David R. Anderson '74, and was followed by a reception for students, parents, friends of the college, faculty and staff.

St. Olaf College

As one of the nations leading liberal arts colleges, St. Olaf College offers an academically rigorous education with a vibrant faith tradition as a college of the Evangelical Lutheran Church in America. St. Olaf prepares students to become responsible citizens of the world by fostering the development of mind, body, and spirit. Widely known for its programs in mathematics, the natural sciences, and music, St. Olaf also provides dynamic opportunities for interdisciplinary study. Committed to global education, more than three-quarters of St. Olaf students participate in off-campus study programs. Over the years, St. Olaf College has been a national leader among liberal arts colleges in producing Rhodes Scholars, Fulbright Fellows, and Peace Corps volunteers.

Governor Quinn welcomes the Civic Federation's analysis of our proposed FY14 budget; the group's endorsements of our major budget policy initiatives; and their exhortation to Illinois' General Assembly to pass comprehensive pension reform.

The Civic Federation's report issued Monday begins: "The Civic Federation supports Governor Pat Quinn's recommended FY2014 budget for the State of Illinois because it balances revenues and expenditures without borrowing and makes progress toward reducing the State's backlog of bills...

"The Civic Federation agrees with Governor Quinn that comprehensive pension reform must be the General Assembly's top priority in addressing the State's financial problems."

The group notes approvingly that the proposed budget "curbs the budgetary gimmick of deferring annual costs to future fiscal years."

"The Civic Federation supports the following aspects of the Governor's FY2014 budget:

* The Governor's call for comprehensive pension reform as part of the FY2014 budget.

* The transformation of the State's Medicaid program through moving to managed care and shifting resources from institutional care toward community care;

* The proposal to pay down the State's accumulated backlog of unpaid bills and Other General Funds liabilities by more than $800 million; and

* The proposal to reduce the State's transfers for local governments and mass transit and to annually review legislatively required transfers as part of the annual appropriation process.

Read the report at: http://www.civicfed.org/iifs/publications/fy2014recommended

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Please mark your calendars...

*  Friday, Saturday & Sunday, May 17, 18 & 19, 2013

*  At the Colony School House in Bishop Hill

10:00 a.m. - 5:00 p.m. Friday and Saturday 10:00 a.m. - 4:00 p.m.
Sunday, May 19th

Note the Viewers' Choice voting takes place on Friday May 17th with
awards displayed on Saturday May 18th from 10:00 a.m. - 5:00 p.m. and
Sunday May 19th & from 10:00 a.m. - 4:00 p.m. Sunday

*  Admission - only $4

Displays of Quilts: New and Antique, Wall Hangings, Quilting Challenges.

Quilting Demonstrations all three days, mornings and afternoons.

Raffles and Door Prizes and a Trash & Treasures Corner with bargains galore

The Quilting Challenge entries using the Show theme or themes will be
displayed at the Steeple Building all during the month of May.

Come and enjoy Bishop Hill and the Quilt Show. There are shops to visit
and several places serving lunch. You are going to love it!

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Report shows lowest number of fatalities on record, overall drop in accidents and injuries

WASHINGTON – The U.S. Coast Guard released its 2012 Recreational Boating Statistics Monday, revealing that boating fatalities that year totaled 651, the lowest number of boating fatalities on record.

From 2011 to 2012, deaths in boating-related accidents decreased from 758 to 651, a 14.1 percent decrease; injuries decreased from 3,081 to 3,000, a 2.6 percent reduction; and the total reported recreational boating accidents decreased from 4,588 to 4,515, a 1.6 percent decrease.

The fatality rate for 2012 of 5.4 deaths per 100,000 registered recreational vessels reflected a 12.9 percent decrease from the previous year's rate of 6.2 deaths per 100,000 registered recreational vessels. Property damage totaled approximately $38 million.

"We're very pleased that casualties are lower, and thank our partners for their hard work over the past year," said Capt. Paul Thomas, director of Inspections and Compliance at U.S. Coast Guard Headquarters. "We will continue to stress the importance of life jacket wear, boating education courses and sober boating."

The report states alcohol use was the leading contributing factor in fatal boating accidents; it was listed as the leading factor in 1;7 percent of the deaths. Operator inattention, operator inexperience, improper lookout, machinery failure and excessive speed ranked as the top five primary contributing factors in accidents.

Almost 71 percent of all fatal boating accident victims drowned, with 84 percent of those victims not reported as wearing a life jacket. Approximately 14 percent of deaths occurred on vessels where the operator had received boating safety instruction. The most common types of vessels involved in reported accidents were open motorboats, personal watercraft and cabin motorboats.

The Coast Guard reminds all boaters to boat responsibly while on the water: wear a life jacket, take a boating safety course, get a free vessel safety check and avoid alcohol consumption.

To view the 2012 Recreational Boating Statistics, go to http://www.uscgboating.org/statistics/accident_statistics.aspx.

For more information on boating responsibly, go to http://www.uscgboating.org/.

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by Congressman Bruce Braley, D-IA

The Mississippi River connects Iowa communities, businesses, and farmland to the world.  A series of 27 locks and dams managed by the Army Corps of Engineers along the river - 11 of them in Iowa - make the Mississippi navigable to barges that use the river every day to transport items as varied as corn and coal to market. The river is vital to Iowa's agriculture economy; in fact, 92 percent of all US agriculture exports travel down the Mississippi River.

Sadly, for years, Congress has neglected the needs of these locks and dams, leaving the Army Corps of Engineers overwhelmed and years behind schedule on updates. The Army Corps of Engineers currently estimates that they're facing a $60 billion backlog of outstanding construction projects in their lock and dam system. It's important to Iowa's economy that we find a way to fix our locks and dams, and do it fast.

Last month, I traveled down the Mississippi River from the Minnesota border to Missouri to see our locks and dams firsthand, and talk to local officials about the critical upgrades the system needs. I was joined by Reps. Dave Loebsack (IA-02) and Cheri Bustos (IL-17), who also represent counties that border the Mississippi River.

Based on what I saw, it's clear Congress must work together to find creative ways to more quickly get the upgrades to the locks and dams that are so desperately needed.

That's why I've signed on to a bipartisan bill called Water Infrastructure Now Public-Private Partnership Act (WIN P3). The bill would create public-private partnerships between the Army Corps of Engineers and private companies to help finance critical lock and dam improvements.

Creating these partnerships will help the Mississippi River locks and dams get the upgrades they need, creating jobs and encouraging economic growth. Our proposal is a creative way to fund lock and dam modernization and one that will speed up badly-needed improvements.

The Mississippi River is incredibly important to Iowa and exploring public-private partnerships to fund improvements is an alternative worth pursuing that won't add to the national debt.  We must continue to work so the river continues to be an economic force that Iowans can rely on for years to come.

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Officials emphasize interagency partnership, public awareness as keys to protecting communities from wildfire

BOISE, ID - May 13, 2013 - During a visit to the National Interagency Fire Center (NIFC) in Boise, Idaho today, Agriculture Secretary Tom Vilsack and Interior Secretary Sally Jewell outlined the Federal Government's efforts to ensure collaboration in protecting Americans from wildfire, and urged homeowners and local communities to take steps to reduce their risks during the 2013 fire season. The outlook for the fire season is severe across much of the Western United States.

"The US Forest Service, Federal fire managers and crews will continue to work closely with states and communities to protect residents, property and our natural resources during what could be a challenging wildfire season," said Agriculture Secretary Tom Vilsack. "We are working together to preposition our firefighting teams and equipment to make the most effective use of available resources during this time of constrained budgets."

"One of our greatest strengths in wildfire management is that Federal, Tribal, State, and local government agencies recognize that the challenge is too great for any one organization to tackle on its own," said Interior Secretary Sally Jewell. "As regions across the country face serious risks of wildfires this season, the work ongoing at the National Interagency Fire Center is important to ensure that we're doing everything we can to protect lives, communities and our natural resources. The public also has an important role to play, and I encourage homeowners and communities to take proactive steps when it comes to preparedness, prevention and safety."

"When fires burn uncontrolled in our nation's wildlands, it means the loss of our homes, businesses, personal possessions, and all too often, lives," said U.S. Fire Administrator Ernie Mitchell. "As the men and women of our nation's firefighting forces prepare for this year's wildfire season, they need your help. By taking simple fire prevention steps, you will not only protect yourself and your families, but also the firefighters who put their lives in harm's way to fight wildfires. Remember, fire is everyone's fight."

This year, significant fire potential is predicted to be above normal in much of the West, including almost all of Arizona, New Mexico, California, Oregon and Idaho; and portions of Montana, Colorado, Utah, and Washington. In 2012, 9.3 million acres of private, state, and federal land, and more than 4,400 structures burned in wildfires. That was the third highest number of acres burned since at least 1960, the earliest date with reliable records.

On average, Forest Service and Interior agencies respond to tens of thousands of wildfires per year, suppressing all but a small percentage during the first burning period. However, the few fires that cannot be suppressed during the initial stages run the risk of becoming much larger.

Federal assets include more than 13,000 firefighters, including permanent and seasonal federal employees; more than 1,600 engines; up to 26 multiengine air tankers and two water scooper aircrafts; approximately 27 single engine air tankers; and hundreds of helicopters. At the National Interagency Fire Center, firefighting experts from multiple government agencies continuously monitor fire activity, weather and fuel conditions while strategically positioning Federal firefighters, ground equipment and aircraft to support wildfires across the country as the season shifts.

During their visit, Secretaries Vilsack and Jewell urged the public to do their part to help prevent wildfires while preparing for fire season, noting that most wildfires are human-caused. They urged residents of the more than 70,000 communities at risk from wildfires to take proactive steps and improve safety by developing community wildfire protection plans. Communities and residents can access educational resources available at www.fireadapted.org; and through the " Firewise," and " Ready, Set, Go!" programs.

More than 590 million acres of public lands are in significant need of restoration, including thinning and prescribed burning, due to the cumulative impacts of wildfire, insects and disease, and drought. More than 1,000 post-fire assessments show that these types of restoration efforts are effective in reducing wildfire severity. Forest Service and Interior continue to focus restoration treatments on high-priority areas to lessen the impacts of wildfire when it happens.

# USDA.gov logo

USDA is an equal opportunity provider and employer. To file a complaint of discrimination, write: USDA, Office of the Assistant Secretary for Civil Rights, Office of Adjudication, 1400 Independence Ave., SW, Washington, DC 20250-9410 or call (866) 632-9992 (Toll-free Customer Service), (800) 877-8339 (Local or Federal relay), (866) 377-8642 (Relay voice users).


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DAYTON, TN (05/13/2013)(readMedia)-- Lia Johnson of Davenport, IA, was among 187 graduates who received their diplomas in commencement exercises May 11 at Bryan College.

During the services the college awarded 19 Master's degrees, 60 Bachelor of Arts degrees, 107 Bachelor of Science degrees, and one Associate's degree. In addition, 13 members of the Bryan College Class of 1963 were presented Golden Anniversary diplomas in recognition of 50 years since their graduation.

Lia, daughter of Howard and Susan Johnson, received the Bachelor of Arts degree, with honors, in liberal arts: arts and humanities option.

Bryan is a Christian liberal arts college offering two Master's degrees and Bachelor's degrees in 20 areas. The college has been recognized by U.S. News & World Report for 17 consecutive years as being among the Top Tier of Southern comprehensive colleges.

DES MOINES, IA (05/13/2013)(readMedia)-- Premium books and entry forms for competitive events at the 2013 Iowa State Fair are available now at iowastatefair.org. Nothing Compares to the Iowa State Fair, August 8-18.

Premium books and entry forms can be accessed at www.iowastatefair.org/competition/categories. Entrants in competitive events may enter online or may submit their entry by mail. While most entries are due July 1, deadlines do vary by department. Check iowastatefair.org for specific deadlines. Fine arts and photography entrants in particular should note that their deadline is earlier than most other divisions as materials must be submitted by June 14 and 15, respectively.

The Iowa State Fair accepts entries in a variety of categories, including the largest Foods Department of any state fair, the state's largest art show, one of the largest livestock shows in the world and Iowa's finest displays of agricultural commodities.

For more information regarding entry deadlines, competitions or the online entry system, contact the Competitive Events Department at 515/262-3111 ext. 207.

"Nothing Compares" to the 2013 Iowa State Fair, August 8-18. The Fairgrounds are located at East 30th and East University Avenue, just 10 minutes east of downtown Des Moines. For more information, call 800/545-FAIR or visit www.iowastatefair.org.

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