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PC power lifting team first at Gibsonbur…

05-03-2015 Hits:151 Sports  - avatar Jasmine Cupp

PC power lifting team first at Gibsonburg meet

Port Clinton High School Power Lifters with their first place trophy. Front row:  L to R Jaden Rogers, Tony Nesbitt, Emerson Lowe, Corbin Winningham, Cole Araguz, Brendan Zeitzheim, Drew Kopchak...

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Port Clinton Lady Redskins rally to defe…

04-03-2015 Hits:242 Sports  - avatar Yaneek Smith

Port Clinton Lady Redskins rally to defeat BG for sectional title

Lady Redskins holding pieces of the net after their win over Bowling Green in Genoa on Saturday, Feb. 28. Photos by Bill Migala. Not again, right? Just one year after having a...

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The Maiden Voyage of Onward

03-03-2015 Hits:239 Around Ottawa County  - avatar Jasmine Cupp

The Maiden Voyage of Onward

A model of Onward made by Jim Robenalt of Tiffin. A story about Matthews Boat Company and a journey around The Great Loop On Sunday, March 1, Bob Reynolds, in association with...

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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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