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Hays Free Press
Kyle, Texas
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June 16, 2010     Hays Free Press
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00ction D HaysFreePress.com CLASSIFIEDS PUBLIC NOTICES SERVICE DIRECTORY !i .......... ...... .. re June 16, 2010 PaplD Financial moves to help stay-at-home spouses ot all households have two wage earners. By choice or circumstance, either you or your spouse may be out of the work force for an extended period of time. But that doesn't mean you can't make progress toward your joint financial goals, such as a comfortable retirement. It does mean, however, that you need to carefully review your situation and make the right financial moves. For starters, consider one of the best retirement- savings vehicles you have available: an Individual Retirement Account, or IRA. Even ffyour spouse isn't earning income, he or she can open a "spousal IRK' to which you, as the income- earning spouse, can contrib- ute. (Keep in mind, though, that you must file a joint tax return if you contribute to a spousal IRA.) Depending on your income level, you can designate a spousal IRA as either a traditional IRA, which grows on a tax- advantaged basis, or a Roth IRA, which can grow tax- free, provided your spouse has held the account for at least five years and is at least age 59V2 before taking distributions. And a spousal IRA has the same contribu- tion limits- $5,000 in 2010, or $6,000 if your spouse is 50 or older- as a traditional or Roth IRA. Clearly, if you want to increase the cumulative oppommities for building tax-advantaged resources for both your retirements, a spousal IRA can be an attractive option. Further- more, ffyour spouse allocates his or her IRA funds to investments that complement- rather than duplicate - those invest- ments inside your IRA, the spousal IRA can prove to be a valuable tool for diversify- ing your overall holdings. While diversification, by itself, cannot guarantee a profit or protect against loss, it can help reduce the effects of volatility on your port- folio. To help achieve this diversification between your IRA and the spousal IRA, you may want to work with a financial advisor. Another move you can make to help your stay-at-home spouse is easy to accomplish but also easy to overlook- namely, updating your beneficiary designations on your 401(k), IRA, other investment accounts, life Insurance policies and all financial and legal documents. This step is particularly important if you've been divorced or widowed, and you want to be sure your stay-at-home spouse comes into posses- sion of all the assets you had intended for him or her.. Of course, in this day and age, "stay-at-home" status can change quickly. Ifyour spouse enters or re-enters the work force, you as a couple should consider ad- justing your financial plans. Your spouse can continue contributing to the spousal IRA you've established, but he or she may now have oth- er opportunities in which to save for retirement, such as a 401 (k) or similar employer- sponsored retirement plan. And if your spouse has been out of the work force for a while, it will be important for him or her to contribute as much as possible to a retire- ment plan. In any case, whether your spouse stays at home or returns to the work force, you'll want to be proactive in making sure he or she doesn't get left behind on the road to financial security. COURTESY PHOTO Lewis Signs workers Carlos Galo (welder) and David Herrera (not pictured) install the $6,000 sign that the company donated to the non-profit Hays Youth Sports Complex. It must be a sign Local company donates sign to Hays Youth Sports Complex STAFF REPORTS The Buda-based Lewis Sign Builders has donated a new sign, valued at about $6,000, to the Hays Youth Sports Complex on FM 2770. The company designed and con- structed the bfilb0d-style sign, Installing it on June 3. The non-profit youth sports associations, run entirely by volunteer parents, are funded through registration fees. "Our first priority is the children, and sometimes that -., means letting some improve-,. ments fall by the wayside so that we can focus on the programs themselves," said Sandy Solis, HYSA Public Relations Commissioner. "We rely on our sponsors, and we are immeasurably grateful to John Lewis and Lewis Signs, Inc." Lewis Signs President lohn Lewis has long personal ties to the spo:rts complex. "I have coached at HYSA for five years and actually played baseball and soccer there as a child. I know that the complex needed the sign, but the or- ganizations needed to spend their money on other things," Lewis said. The side of the sign Includes an inspirational message for young athletes leaving the fields, "You're not obligated to win. You're obligated to keep trying to do the best you can every day." COURTESY PHOTO Texas Lehigh recognized with award STAFF REPORTS The Hays County Commissioners Court recently adopted a proclamation recog- nizing Texas Lehigh Cement Company s achievements in protecting the environ- ment. Texas Lehigh President Bob Kidnew ac- cepted the proclamation on behalf of the company, which also received a Texas En- vironmental Excellence Award in May from Gov. Rick Perry's Blue Ribbon Committee. Texas Lehigh Cement was formed in 1986 to market cement from the production facil- ity in Buda. It currently has the capacity to produce more than 1 million tons of Port- land cement a year. In 2009 Texas Lehigh worked with the Capital Area Council of Governments to vol- untarily reduce the amount of ozone precur- sors (nitrogen oxide) at its Buda plant dur- ing Ozone Action Days. The company also worked with Austin-based Carbon Shrinks LLC to create a Community Advisory Group and a voluntary testingprotocol to study emissions safety levels from alternative fu- els. The plant is partially powered by alter- native fuels such as used tires and untreated wood waste from regional collection rather than relying entirely on fossil fuels. COUffI'ESY PHOTO Orthopaedic care comes to Kyle The staff of Greater Austin Orthopaedics cut the ribbon on a new satellite location in Kyle last Wednesday, with the help of Kyle Chamber of Commerce of. ficials. Orthopedists Mark Billante and Stephen Rose will see patients on a part time basis at the new office, located on Kyle Center Drive next to Kohrs. Dispute resolution training available STAFF REPORTS The Hays County Dispute Resolution Cen- ter is offering classes in interest-based negotiations designed to promote "win- win" problem solving. "in win-win negotiations, both parties acknowledge each other's interests as well as their own and attempt to develop solutions that give both sides as many benefits as possible," said Anna Bartkowski, director of the Hays County Dispute Reso- lution Center. "Too often, negotiations fail because ofa win-lose mentality, In which each party tries to gain as much for itself as possible without regard to the needs of the other side." Trainers will present strat- egies for negotiating with an uncooperative person and will offer techniques that can neuwalize attacks, ne- gating the need for cotmter- attacks which could derail the negotiation. The four-hour class will be offered twice, from 9 a.m. to 1 p.m. and again from 5 p.m. to 9 p.m. on Wednesday, June 30, at the Dispute Resolution Cen- ter, 829 N. LBJ #108, San Marcus. Cost is $50 and at- torneys, social workers and mental health professionals could qualify for continu- ing education credit. For more information, contact the DRC at 512-878-0382 or director@hcdrc.org. Kyle makes jump in sales tax BY BOB BARTON news@haysfreepress.com Six months into 2010, Kyle is registering the big- gest jump in sales tax thus far this year, collecting $1.43 million during the first half of the year. That's a solid 13.6 percent increase over its share of last year's sales tax collections based on retail activities by city merchants. Kyte's check for lune was $227,000, ranking it second only to San Marcos among Hays County's 10 incorpo- rated cities for the month. Although Buda still has a little more than a $100,000 lead In sales tax collections for the year over Kyle, its $213,000 sales tax totals for June is a decrease of 5.1 percent below totals for last ye, ar at this time. Its total receipts for this year now stand at $1.55 million. San Marcos registered a 4.5 percent decrease In June sales tax collections, getting a check from the state for $1.3 million for the month. Its take thus far this year is $9.3 million. Dripping Springs con- tinues to run considerably ahead of Wimberley in its collections for the year. The $78,000 received in June brings its yearly total to $397,000. Wunbefle with a slightly lower sales tax percentage, received $37,000 in June. That brings its total for 2010 to $276,000. Its total receipts for the year show a decrease of 9.3 percent. Other six month totals for the reminder of Hays County include: Uhland, $23,000; Woodcreek, $16,000; Niederwald, $9,700; Hays, $8,000; and hrxuum/m ttT, ," DXb. Total city sales tax re- ceipts for the entire county during the first half of 2010 is $13.04 million. That's a solid 2.7 improvement over the same period of 2009.