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Red Horse donates toys to Salvation Army

18-12-2014 Hits:103 Around Ottawa County  - avatar Jasmine Cupp

Red Horse donates toys to Salvation Army

Joseph Hall, Adam Whitaker, Molly Irwin, toy coordinator Heather Stouffer, Casey Vaughn and Salvation Army director Maureen Saponari. Members of the Red Horse Squadron donated toys to the Salvation Army on...

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Wreaths Across Ottawa County

18-12-2014 Hits:128 Around Ottawa County  - avatar Jasmine Cupp

Wreaths Across Ottawa County

Catawba Island Cemetery Wreaths Across America CeremonyPhoto by John Schaffner On Saturday, December 13, at 11 a.m., six cemeteries spanning across the county held ceremonies honoring fallen veterans. The ceremonies were...

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Port Clinton girls improve to 4-1

17-12-2014 Hits:273 Sports  - avatar Yaneek Smith

Port Clinton girls improve to 4-1

Photos by Bill Migala After an opening-season loss to Bellevue, the Port Clinton Redskins are beginning to hit their stride. Behind Sydney Alexander's 15 points, Port Clinton cruised to a 63-39 victory...

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Individual retirement account basics

A traditional Individual Retirement Account (IRA) is an account that has been funded by pretax dollars that are held by a custodian until you reach the age of retirement. With Baby boomers reaching that age, these accounts will become very important in determining when a person can retire and continue to have sufficient assets to live a comfortable life.  Until now,   many people never paid much attention to this account because they knew that they could not use the funds.  Setting aside the fact that these funds have greatly declined in value over the past two years, it is imperative that one understands how these accounts function and what check list should be used to insure that everything with the account is in order.

Structure of the account

This account is in your personal name. The funds are held by a custodian who is the plan administrator. This account has a named beneficiary designation.   Everyone should have a written copy of the beneficiary designation form for each account. Most married individuals have their spouse as the beneficiary. When I ask who the second beneficiary is or a contingent beneficiary they do not know. Be sure to have someone named and also be sure to have written proof of the named beneficiaries.  With all of the banks merging, going out of business and just changing names, your actual documentation can be lost in the shuffle. It is recommended that you contact the custodian of your IRA and ask for proof of beneficiaries.   Determine if your form is complete with a written primary beneficiary and a contingent beneficiary. 

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McIntire attends Social Security seminar

Chris McIntire, President and Founder of McIntire Retirement Services with offices in Perrysburg, Fremont and Port Clinton, recently attended a two-day Social Security seminar in Cincinnati. Premier Living, a Social Security consulting firm based out of Sharonville, Ohio, held the

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