Financial Focus
Sandwich generation needs
to avoid financial squeeze
Are you a member of the “Sand- retirement plan. assume power of attorney should
wich Generation”? This designation However, if you feel strongly they become incapacitated?
— which applies to people caring about helping your kids go through In raising these questions, you
for their aging parents while sup- college relatively debt-free, you may will have to approach your parents
porting their own children — may want to explore some college-sav- with tact and sensitivity. However,
be applicable to you if you’re either ings options, such as Section 529 you may be pleasantly surprised at
a younger Baby Boomer, born in plans and Coverdell Education Sav- your parents’ willingness to talk
the late 1950s or early 1960s, or an ings Accounts, both of which offer about these issues; after all, they al-
older member of “Generation X,” significant tax advantages. most surely want to avoid burden-
born in the mid-1960s. But any In any case, these goals don’t ing you with extra financial respon-
way you slice it, being in the “Sand- have to be mutually exclusive — sibilities.
wich” group is probably going to but if you’re going to address them The best time to approach your
present you with some challenges, both, you will have to make some parents is when they are healthy, Mon-Fri 9-7 ~ Sat 9-3 ~ Closed Sundays
particularly of the financial kind key decisions regarding allocation both mentally and physically. It’s
557 New Leicester Hwy. Asheville, NC
— so you’ll need to make the right of resources. And while you’re han- especially important to be aware of
moves. dling these issues for yourself and even minor-seeming cognitive im-
Stylist Build Your Business With
Basically, you should consider your children, you’ll need to juggle pairments, such as memory lapses,
Needed Hard Work And Effi ciency
two areas of decision-making — the needs of your elderly parents. which can result in paying the same
those affecting the future of you With luck, you won’t have to con- bills two or three times, forgetting
and your children and those affect- tribute financially, but you may be to record checks or even falling prey
$
ing your elderly parents’ lifestyle required to put in some time and to fraudulent investment schemes. 10
$
40
and legacy. energy to help make sure your par- If you suspect your parents may be
Regarding your future, and that ents’ situation remains positive. having these troubles, you’ll need
Haircuts
Basic Perms,
of your children, you’ll need to This means you’ll need to ask to step in immediately.
Men, Women and Kids
Color & Highlights
W
prioritize your goals. Some people, some questions. Where do your It’s not easy being a Sandwich “WE ACCEPT COMPETITORS COUPONS” e
n
when weighing the merits of invest- parents bank? Do they have a bro- Generation member, but through
d
ing for retirement versus saving for kerage account? If so, do you know diligence and proper planning, you
(
their children’s college educations, the name of their financial advisor? should be able to help avoid getting
828
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254-4994
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conclude that while loans are avail- Have they taken steps to remain fi- “squished” — while improving the
o
WALK-INS WELCOME
n
able for college, none are offered nancially independent if they ever outcomes for all your beloved fam-
to retirees. Consequently, they fo- need to go to a nursing home or ily members.
cus more heavily on retirement. If employ home health care assistants?
you’re in this camp, you’ll probably Have they drawn up a will, a liv- This article was written by Ed-
want to contribute as much as you ing trust or other estate plan docu- ward Jones for use by Bill Bough-
can possibly afford to your IRA and ments? Would they be willing to ton, Weaverville’s local Edward
401(k) or other employer-sponsored have you or another family member Jones Financial Advisor.
Barnardsville man cont...
Continued from page 1
Fork Road in Barnardsville after receiv- effort to have him surrender.
McDaniel Crain shot and killed ing a 911 call stating someone had been Following a standoff of more than
39-year-old Roger Buckner shortly af- shot. When deputies arrived on the two hours, tear gas canisters were
ter 9 pm on Friday at 130 Stoney Fork scene they determined the suspect was thrown into the residence and the spe-
Road in Barnardsville. Crain is charged still inside the residence and was refus- cial response team was able to enter the
with second-degree murder. Buckner ing to come outside. property and take Crain into custody.
was shot in the chest by a .22 caliber Crain was inside the home alone with Investigators are unclear of a motive
handgun. Buckner, Dillingham added. at this time. A second-degree murder
The home was the brother of the sus- A perimeter was set up and witnesses charge is levied when the crime is not
pect, according to Lt. Ross Dillingham were evacuated to a safe area while mem- pre-mediated.
with the Buncombe County Sheriff’s bers of the sheriff’s special response team Crain is currently being held in the
Office. and crisis negotiation team attempted Buncombe County Detention Facility
Deputies responded to 130 Stoney to make contact with the suspect in an under a $500,000 secured bond.
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Opening
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St Matthews
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– 8# Bag of Ice $.99 –
812
Reems Creek
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Rd.
Weaverville
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www.stmatthewsasheville.org
Sunday — 10am Bible Study / 11am Eucharist

/PSUI
.BJO
4U
w

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February 4 - February 10, 2010 - THE TRIBUNE 5
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