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Weaverville


Local Civil Rights activist to participate in online event


Te Rev. Clarke Olsen of Weav- Wellness, Solid Gold


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erville is scheduled to participate in an online project entitled “I Am Civil Rights: A Movement with Me in Mind” that will spotlight a Civil Rights activist on a Facebook page. According to Tara Young, the


project’s organizer, on the morn- ing of Feb. 1, the first Civil Rights activist will state in several sen- tences their fondest action or event witnessed, and throughout the day young people will comment and ask questions about their involve- ment enabling the icon to share


Financial Focus


Be prepared for early and possibly unwanted retirement


Given the economic climate we’re


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in, you may one day be faced with a downsizing or otherwise forced to retire earlier than you had planned. But even if that happens, you can still maintain control of your finan- cial future — if you make the right moves. Unfortunately, many of us are ill prepared for events such as forced early retirement. In 2009, more people filed for Social Secu-


rity than any year in history, with a big increase in the number receiv- ing reduced benefits because they filed before their full retirement age. And they paid a heavy price, too — 62-year-old workers who filed for benefits early lost about 25 percent of their monthly benefits over wait- ing until their “full” retirement age of 66, according to the Social Secu- rity Administration.


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Closed Wed. (Lunch 12 - 1) 165 North Main St. Weaverville, NC 28787 8 THE TRIBUNE/LEADER - January 20 - January 26, 2011 828.645.5009 Of course, if you are forced to take


an early retirement, you, too, may need to tap into your Social Security earlier than you planned. But that’s just the beginning — you might also need to start withdrawals from your IRA and your 401(k) or other em- ployer-sponsored retirement plan, even though you had planned on leaving those accounts intact for a few more years. And that’s why you won’t want to wait until early retirement is thrust upon you be- fore taking action. While you’re still working, consider these steps: • Boost your contributions to retire-


ment plans. Put as much as you can possibly afford into your 401(k) or other employer-sponsored plan. Ev- ery time your salary goes up, try to increase the amount you contribute to your retirement plan. Also, con- tribute regularly to your traditional or Roth IRA. • Be prepared to rebalance your


portfolio. If you’re facing a forced early retirement, or even if you think it’s a possibility, you may want to rebalance your portfolio to provide more opportunities for income. Talk to your financial advisor about in- come strategies appropriate for your particular situation. • Build up cash accounts. Even dur-


ing “normal” times, it’s a good idea to keep an emergency fund, in cash or other liquid vehicles, containing


six to 12 months’ worth of living ex- penses. If you suspect a forced early retirement is heading your way, try to beef up your cash holdings as much as possible. • Repay any 401(k) loans. Once


you’ve left your employer, you may be forced to repay a 401(k) loan within two months — an obvious hardship during a stressful time. • Work part-time. Even if you


were forced to retire from one job, it doesn’t mean you couldn’t find another. Tis might be the perfect time to take a part-time job in an area in which you’ve always wanted to work. • Get some help. By consulting


with a professional financial advi- sor, you may find that you actually can afford to retire early. A financial advisor can help you develop those income and spending strategies that are appropriate for your situation. And the earlier you get this type of help, the more options you ultimate- ly may have. You may not be able to avert an


unwanted, early retirement, but by preparing for it as far in advance as possible, you can improve your chances of maintaining the retire- ment lifestyle you’ve envisioned.


Tis article was written by Ed-


ward Jones for use by your local Edward Jones Financial Advisor.


www.weavervilletribune.com


more about their experience while empowering young people through knowledge. When their schedule allows they will respond, creating a candid dialogue about the impor- tance of community involvement and civic engagement. Olsen’s journey began in 1965


when he answered the call of Dr. Martin Luther King to join march- es in Selma, Ala., to gain public support of the Civil Rights Move- ment. As he, the Rev. Orloff Miller and the Rev. James Reeb, Unitarian ministers who supported the cause, made their way to Brown Chapel


the evening after the Bloody Sun- day march, Reeb was attacked and murdered. Olsen and Miller were also beaten in the attack. Te men experienced a har-


rowing journey to the hospital in Birmingham, Ala., when the emer- gency vehicle they were traveling in experienced a flat tire and they waited anxiously for another am- bulance to arrive as a carload full of white men surrounded the ve- hicle. Reeb died after two days in the


hospital. A few days later, the Vot- ing Rights Act was brought before


Congress, and it is believed his death hastened the passage of this crowning achievement of the Civil Rights Movement. After recovering, Olsen testified


against the killers, an action that put his own life at risk. An all-white, all-male jury found


innocent the three men who had been charged with killing Reeb. For more on the project, go to


facebook.com/pages/Civil-Rights- Icons-Workers-and-Volunteers-on- Face-Book/173008119405780.


Tis special to the Tribune.


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