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Extol Events Presents: Where There’s A Will, There’s A Way

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Carrie Klaus: New Albany Township Board

Sponsored: Carrie Klaus for New Albany Township Board

Carrie Klaus is a local downtown business owner and resident, as well as the founder of 3SoINdivisible, a mentor with the New Albany Floyd County Schools Mentor Mii program, and an active participant in several other local non-profit organizations. She is also a wife and mother of two.

Carrie and her husband moved their family from the suburbs to downtown New Albany partly to expose their children to a more diverse population in the community, so that her kids will grow up recognizing that regardless of socioeconomic class, race or history, we all have a shared humanity.

Carrie has a vision of our community as one that centers that shared humanity over anything else, a community where each individual is treated with dignity and respect. Carrie believes that a community can thrive when we lift each other up. She believes that a community can thrive when we don’t prioritize resources over people.

Carrie has the passion and drive to bring this vision to life and make New Albany a thriving community for all of us.

For more information, go to carrieforna.com.

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Paid for by the Carrie For New Albany campaign.

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Lincoln Crum: Focused on the Future | Clark County Recorder

SPONSORED: Lincoln Crum for Clark County Recorder

Our County Recorder’s office is at a crossroads. Lincoln Crum is here to provide vision, systems and logistics to the office. We have to take Clark County into the future, both aggressively and efficiently when it comes to technology. He is the candidate to get us focused on the future.

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Lincoln Crum
812.557.1700
Lincoln@LincolnCrum.com
VoteForCrum.com

Paid for and approved by the committee to elect Lincoln Crum for Clark County Recorder 2018.

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Ron Grooms: A Proven Leader | Indiana State Senate District 46

SPONSORED – Ron Grooms: A Proven Leader

During his tenure as our State Senator, Ron Grooms has worked with colleagues to pass truly groomsbalanced budgets, encourage economic growth, create jobs, increase education funding, promote better access to health services, combat the opioid crisis, and improve our infrastructure. Thanks to sound fiscal management by Ron and his fellow legislators, Indiana was recently named as having the best state government in the nation by U.S. News & World Report. The state budget is truly balanced, with $2 billion in reserves and two-thirds of our state debt eliminated. Hoosiers are keeping more of their hard-earned income thanks to a 5 percent reduction in income taxes, the elimination of the inheritance or “death tax,” and permanent property tax caps.

Ron has helped bring more than 3,500 new jobs to our communities with businesses such as Amazon. Due to his efforts, our region has a lower unemployment rate than both the state of Indiana and the nation (as of November 2017). Ron supported legislation that created Workforce Ready Grants to help Hoosiers obtain high-value industry certification that leads to high-paying jobs. A strong proponent of school choice, Ron believes Hoosier parents should have options from which to choose when deciding where to send their children to school and he is committed to making sure our schools are well-funded and teachers well-paid. In fact, more than half of every dollar in the state budget is spent on education, and funding for K-12 education has increased $1 billion during the last five years. He is also committed to ensuring Hoosier students receive the education they need to prepare them for the 21st Century workforce and supports programs that help students find the right career path for them, whether it be secondary education, technical school or other training.

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Find more information on SenatorGrooms.com

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PAID FOR BY THE COMMITTEE TO ELECT RON GROOMS

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Sam Charbonneau: Indiana State Representative District 72

SPONSORED: Sam Charbonneau for State Rep

Sam is a New Albany native running for Indiana State Representative District 72. He attended 25358547_506801083040468_2521516876988132518_oNew Albany High School and received his degree from Indiana State University.

Sam is married to Kristi Charbonneau, a Floyd Central High School teacher. Together they cheer on their son, Logan, during tennis tournaments and join their son, Michael, when volunteering in New Albany.

“I am excited to run for State Representative. Hoosiers deserve someone who will listen to them, represent them and give them the resources they need to live a safe, healthy, and affordable life. I am prepared to be that representative.” –Sam Charbonneau

To learn more, visit Sam Charbonneau https://www.samfor72.com/

Paid for by Sam for State Representative, Carol Ward, Treasurer. Sam for State Representative cannot accept donations if there is a business relationship with Indiana Department of Child Services as defined in IC 4-2-6 1(5).

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Rick Cochran: New Albany Township Board

SPONSORED: Elect Rick Cochran

PLEASE CLICK HERE FOR A LIST OF VOTING LOCATIONS, WHEN AND WHERE! 

Elect Rick Cochran for New Albany Township Board. A New Albany native, Rick has been image3involved in many advisory positions throughout the community. As first deputy for the Floyd County Surveyor’s office, he served on the Economic Development Board. Rick was an appointee to the governor’s local task team to “stop the brain drain” by promoting higher education for advanced manufacturing and nursing employment gaps as well as logistics. Rick also sat on the advisory board for Purdue University Technical Assistant Program in West Lafayette and New Albany and serves the local chamber of commerce, One Southern Indiana, Environmental Health Safety image1round table.

Rick is a vice chairman precinct committeeman in New Albany, President of the Floyd County Democrats Men’s Club and is a member of Holy Family Parish. He is a graduate of New Albany High School, received a bachelor’s degree from Ball State University and completed postgraduate studies at Purdue University Programs New Albany. Rick is a certified plant engineer and has worked for Bruce Fox Inc. for 30 years, where he is currently Vice President of Engineering Services.

Rick is married to Mary Beth Cochran and has four daughters, Meagan Donald (Scott), Molly 6616McDonald (JJ), Maria Harritt (Hunter) and Melinda Cochran. The family has also been blessed with five grandchildren.

“I believe in helping others and accountability for taxpayer money.” –Rick Cochran

For more information about Rick, https://cochran4na.wixsite.com/cochran

 

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Paid for by Committee to Elect Rick Cochran

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Christy Eurton: Experience that Counts!

SPONSORED: Christy for Clerk

It’s certain – Christy Eurton should remain our Floyd County Clerk. Christy has devoted her life Christy Eurtonto public service and has more than 20 years of experience in the Floyd County Clerk’s Office. A lifelong resident of Floyd County, Christy attended New Albany High School and graduated from Indiana Southeast University with a bachelor’s in political science. She also obtained her supervisor certificate after completing the Indiana Certified Public Manager Program at the Ball State University Bowen Center for Public Affairs.

Remember to vote Eurton for Certain – experience that counts!

 For more information about Christy, visit www.facebook.com/christydearingeurtonforclerk.

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 Paid for by Christy for Clerk, Darlene McCoy, Treasurer

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Money Matters | Help Protect Your Finances in a Natural Disaster

This article was written by Wells Fargo Advisors and provided courtesy of Michelle Konkle, CFP®, Financial Consiltant with Axiom Financial Strategies Group of Wells Fargo Advisors in New Albany, IN at 812-948-8475.

This article was written by Wells Fargo Advisors and provided courtesy of Michelle Konkle, CFP®, Financial Consiltant with Axiom Financial Strategies Group of Wells Fargo Advisors in New Albany, IN at 812-948-8475.

From blazing wildfires and floods to hurricanes and tornadoes, natural disasters make front-page news whenever and wherever they happen. Less headline-worthy are the financial repercussions that follow, which tens of thousands of people are dealing with right now. These types of tragedies are unavoidable — the most you can do is prepare to minimize the time it takes to put the pieces of your life back together.

Creating a plan that addresses your finances and insurance beforehand can make it easier to recover from a devastating event.

  1. Stockpile savings. Maintaining an emergency fund with three to six months’ worth of savings is a key part of any household budget. But it’s also important in an emergency: Funds that you can draw on quickly and easily can be a lifesaver in the wake of a natural disaster. Also consider keeping a few hundred dollars in cash on hand to see you through if your area loses power or banks and ATMs are out of commission.
  2. Gather key documents. Make sure you have important legal and financial documents with you if you have to evacuate. These may include copies of insurance policies and even bank account numbers. Keep these documents easily accessible, as you would flashlights and spare batteries. That way you’re less likely to leave them behind — even if you have to abandon your house quickly.
  3. Protect your credit. Part of protecting your finances involves protecting your credit. Include the contact information for your creditors — such as your mortgage lender, credit card companies and utilities — in your financial preparedness kit. If you have to evacuate, reach out to your creditors as soon as possible to request a temporary reprieve from payments. Make sure you reach out to your employer as well, to provide as much warning as possible if you won’t be able to work in the aftermath of a disaster.
  4. Review your insurance. Your insurance policies can help you recover financially from a disaster, provided you have the right coverage. Review your property, flood, life and disability insurance policies once a year when you receive the new documents from your insurer. And don’t focus only on your deductibles and coverage amounts – pay attention to the riders as well.

For instance, does your property insurance cover temporary food and housing costs if you’ve had to evacuate but your home is undamaged? If you miss work for a week because you’ve had to evacuate, will your disability policy cover your lost income? Talk to your agent about covering any gaps in your policies, and make sure you know whom to contact and what documentation you’ll need to file a claim.

  1. Use a checklist. Include your financial preparations in your overall disaster recovery plan. Review the Wells Fargo Advisors’ “In Case of an Emergency” checklist to make sure you are giving yourself the best chance of recovering from a natural disaster. The list suggests a range of critical first-response tactics, from stockpiling fresh drinking water to recording possessions as proof of ownership. Just remember that the more you prepare now, the less you’ll have to do if disaster strikes.

This article was written by Wells Fargo Advisors and provided courtesy of Michelle Konkle, CFP®, Financial Consiltant with Axiom Financial Strategies Group of Wells Fargo Advisors in New Albany, IN at 812-948-8475.

Investments in securities and insurance products are: NOT FDIC-INSURED/NOT BANK-GUARANTEED/MAY LOSE VALUE

Wells Fargo Advisors is a trade name used by Wells Fargo Clearing Services, LLC, Member SIPC, a registered broker-dealer and non-bank affiliate of Wells Fargo & Company.

©2018 Wells Fargo Clearing Services, LLC. All rights reserved.   CAR 0118-01444

 

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Money Matters | Retirement Plans Can Be SIMPLE

Sponsored Post by Todd Harrett

If you own a small business (or are self-employed), there are many retirement plan alternatives available to help you and your employees plan your financial future. One popular option for organizations such as sole proprietorship’s, partnerships, corporations, and non-profit organizations to consider is the SIMPLE (Savings Incentive Match Plan for Employees) Individual Retirement Account (IRA).

Unlike some retirement plans, there are specific criteria a business must meet to participate in a SIMPLE IRA plan. Here are the answers to some commonly asked questions about this type of retirement plan:

Can any business establish a SIMPLE IRA plan? Self-employed individuals and employers with fewer than 100 employees may adopt a SIMPLE plan. However, the business must not maintain any other employer-sponsored retirement plan where contributions are made or accrued during the calendar year in which the SIMPLE plan is effective. (This does not apply to plans that cover only union employees who are excluded from the SIMPLE plan.)

What is the deadline for establishing such a plan in order for it to qualify for the 2018 tax year? The IRS deadline for establishing SIMPLE IRA plans for the current year is October 1. After October 1, plans can only be established for the next tax year. An exception to October 1 exists if the business is a newly established company and has never sponsored a SIMPLE IRA plan.

Which employees are eligible to participate in this type of plan? An eligible employee is one who has received at least $5,000 in compensation from the employer during any two prior calendar years (does not need to be consecutive years) and who is reasonably expected to receive at least $5,000 compensation during the current year. In the plan’s initial agreement, the employer is able to reduce the amount of compensation and the number of years required. However, there is no required participation for this plan – eligible employees can choose whether or not they want to participate and contribute.

How much can employees contribute to the plan through salary deferral? The maximum salary deferral limit to a SIMPLE IRA plan for 2018 cannot exceed $12,500. If an employee is age 50 or older before December 31, then an additional catch-up contribution of $3,000 is permitted.

What are the maximum employer contribution limits for a SIMPLE IRA? Each year the employer must decide to do either a matching contribution (the lesser of the employee’s salary deferral or 3% of the employee’s compensation) or non-matching contribution of 2% of an employee’s compensation (limited to $275,000 for 2018). All participants in the plan must be notified of the employer’s decision. 

When must contributions be deposited? Employee deferrals should be deposited as soon as administratively feasible, but no later than 30 days following the last day of the month in which the amounts would otherwise have been payable to the employee. These rules also apply to self-employed individuals. The employer contributions deadline is the due date of the employer’s tax return, including extensions.

Can there be a vesting scheduled with a SIMPLE IRA? There is no vesting schedule with this type of plan – both employer and employee are immediately 100% vested.

How are withdrawals from SIMPLE IRAs taxed? Withdrawals from this type of account are taxed as ordinary income. However, if a participant is younger than age 59½ and makes a withdrawal within the first two years of plan participation, he or she will owe a 25% IRS penalty and ordinary income taxes on the amount withdrawn.  After the initial two years of plan participation, the 25% IRS penalty is reduced to 10% for pre 59½ withdrawals.  Exceptions to the 10% penalty on traditional IRAs are also exceptions to the 25% penalty for SIMPLE IRAs. Direct transfers to another SIMPLE IRA will not be subject to this penalty.

Can the assets in a SIMPLE IRA be rolled over? Participants are able to roll over funds from one SIMPLE plan to another at any time. After two years of participation, employees may roll assets to a traditional or SEP IRA without tax penalties.

As with any investment alternative, you should check with your Financial Advisor to evaluate the best option for your financial situation.

Wells Fargo Advisors does not provide legal or tax advice. Be sure to consult with your tax and legal advisors before taking any action that could have tax or legal consequences. Please keep in mind that transferring or rolling over assets to an IRA is just one of multiple options for your retirement plan. Each option has advantages and disadvantages, including investment options and fees and expenses, which should be understood and carefully considered.

This article was written by/for Wells Fargo Advisors and provided courtesy of Todd Harrett, Financial Advisor with Axiom Financial Strategies Group of Wells Fargo Advisors in New Albany, IN at 812-948-8475.

Investments in securities and insurance products are: NOT FDIC-INSURED/NOT BANK-GUARANTEED/MAY LOSE VALUE

Wells Fargo Advisors is a trade name used by Wells Fargo Clearing Services, LLC, Member SIPC, a registered broker-dealer and non-bank affiliate of Wells Fargo & Company.

© 2018 Wells Fargo Clearing Services, LLC. All rights reserved.    Car 0118-00640

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A LETTER FROM JASON APPLEGATE: Candidate for Floyd County Commissioner

Sponsored Post:

commissioners-meetingSince announcing my candidacy for Floyd County Commissioner, I have attended every County Commissioner’s meeting. I have gone to the County Council meetings (the county’s fiscal branch) and only missed one of those because I had a fundraiser I couldn’t reschedule. I also have attended Planning Commission and Zoning Appeals meetings as well as Storm Water and Solid Waste meetings, in addition to the two Special Session Workshops the commissioners and council jointly held to go over funding details for the jail project.

Last week, after attending the National Day of Prayer in New Albany, I met Sheriff Frank Loop at the jail to go on a tour. Why? Because he offered, and I wanted to know exactly what is proposed, why the renovation project was proposed and what it is all about.

But before any of this, I spent nearly a year researching the role of county commissioner and speaking with people from all over the county: politicians, business owners and residents alike. I asked questions and listened. Sought input and investigated concerns. Then, I declared my candidacy and continued to get to work understanding the role and interacting with the community I wish to serve.

mvi_2145-00_00_25_04-still003I grew up in New Albany the youngest of four boys with parents who valued hard work. We didn’t have much, but we had enough and each other. When we fell in love with golf – our late father’s passion – we worked at the New Albany Country Club so we could play for free. That valuable lesson learned at a young age helped develop my work ethic today. So did the relationships we cultivated at the golf course: No matter what someone’s background is, their financial means or political affiliation, we all want to see our community thrive.

I have a long history in working for and owning businesses in Southern Indiana. Today, my wife and I own Extol Magazine, a business we started after scratching out our plan on a napkin while sitting at Tucker’s in the fall of 2014. We invested everything we had in what we called “a magazine on a mission” with the goal of celebrating the people and places of our burgeoning region. Now, I want to do more and help my fellow Floyd County residents by getting to work and affecting change, which is why I’m running for office.

The county commissioner seat that I seek is one of great responsibility. Smart growth is imperative. So is putting aside politics for the good of the people. I thank you for the support and please remember: Every vote matters.

Sincerely,
Jason Applegate

www.AppelgateForOffice.com

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