It’s Your Business (Continued from page 10)
money now with a standard IRA and saving money later with a Roth IRA is a complicated one that is based on your specific financial circumstances.
Beyond Retirement Accounts If you are fortunate enough to have savings left over after making maximum contributions to your tax- deferred account, make sure that your portfolio is well diversified in order to minimize investment risks. Don’t neglect the stock market, but stick to mutual funds or exchange-traded funds for your investments in equi- ties. Unless you are strongly moti- vated and in a position to dedicate huge amounts of time to studying and absorbing the mountains of data available, it’s best to leave the job of picking individual stocks up to financial professionals.
Sensible diversification requires that you include cash equivalents such as bank CDs and money market funds in your overall investment portfolio. The recommended ratio of equities to cash equivalents will vary according to age. Younger investors with a longer timeline should devote a larger percentage of their invest- ments to equities while older inves- tors are advised to increase the amount of their cash equivalent investments.
Taking your retirement future in your own hands is arguably more difficult now than it has been in the past, but as Kunhardt points out, if you don’t do it, no one will. ■
Answers to crossword puzzle on page 51.
Past Grand Lodge Committeeman Nicholas M. Saines, of the Duarte, CA, Lodge, died February 2. Member Saines served on the Grand Lodge Public Relations Committee from 1985 to 1990 and as the chairman of the committee from 1986 to 1989. He served as district deputy for the San Gabriel Valley District of California in 1990–1991.
Past Grand Lodge Committeeman James W. Wortman, of the Albany, GA, Lodge, died February 25. Member Wortman served on the Grand Lodge Americanism Com- mittee from 1976 to 1983 and as the chairman of the committee from 1981 to 1983. He was a special deputy from 2000 to 2009 and served as district deputy for the Southwest District of Georgia in 1967–1968.
Past District Deputy Fred T. Benson Jr., of the Plano-Richardson, TX, Lodge, died February 12. As a member of the Gallup, NM, Lodge, Member Benson served as district deputy for the North District of New Mexico in 1971–1972.
Past District Deputy James T. Clark Jr., of the Sherman, TX, Lodge, died January 10. Member Clark served as district deputy for the North District of Texas in 1989–1990.
Past District Deputy Harroll C. Doss Jr., of the North Las Vegas, NV, Lodge, died February 11. Member Doss served as district deputy for the South District of Nevada in 1997–1998.
Past District Deputy Donald W. Dunn, of the Nampa, ID, Lodge, died February 13. Member Dunn served as district deputy for the South District of Idaho in 1964–1965.
Past District Deputy A. Romig, of the Vancouver, WA, Lodge, died February 9. Member Romig served as district deputy for the Southwest District of Washington in 1982–1983.
Past District Deputy William R. Schaeffer Jr., of the Greenwood Lake, NY, Lodge, died August 18, 2011. Member Schaeffer served as district deputy for the East Central District of New York in 1998–1999.
Departed GL Officers
Past First Lady
Donna Lee Collura, widow of PGER Vincent R. Collura, of the Lincoln, NE, Lodge, died February 24. She accompanied her husband during his term as GER in 1992–1993 and with him had five children, nine grandchil- dren, and five great grandchildren. In her late husband’s memory, she helped establish the Vincent R. Collura Scholarship Fund through the Lincoln Lodge’s charitable trust.
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