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Help your children avoid student debt burden

It’s not so easy being a college kid these days. The job market for recent graduates has been shaky while, at the same time, students are leaving school with more debt than ever before. If you have children who will someday be attending college, should you be worried?

You might indeed have cause for concern. Americans now owe more on student loans than on credit cards, according to the Federal Bank of New York, the U.S. Department of Education and other sources. For the college class of 2011, the most recent year for which figures are available, the average student loan debt was about $26,500, according to the Institute for College Access and Success’s Project on Student Debt. 

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For a great time visit Red Cross Bloodmobile

Port Clinton lost two of its most precious citizens this past week and I will miss them both very much. Dick Wolf passed away last Friday. He literally gave his life to the Port Clinton Yacht Club as the caretaker there for 34 years. The title “caretaker”, as Past Commodore Lock Zeis pointed out at the funeral, doesn’t quite cover what Dick did in his years at PCYC. The room was filled with Past Commodores for whom he served, literally taking care of every inch of that facility. On Monday morning, “The other Mary Alice”, otherwise known as Myrt Streeter, also passed away. She was a character in the best sense of that term. She and her late husband Clarence raised a family of beautiful and successful children, and they will forever be her legacy.

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‘The Great Swami’ predicts the future

 Ok, it is New Year’s, so it is time once again for The Great Swami (otherwise known as your slightly cynical Beacon newspaper publisher) to predict what Ottawa County will look like in the year 2023. Just having a little fun, OK?

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Make some New Year’s (financial) resolutions for 2013



  Once again, it’s time to make some New Year’s resolutions. This year, in addition to promising yourself that you’ll hit the gym more often, learn a new language or take up a musical instrument — all worthy goals, of course — why not set some financial resolutions?

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Help Older Parents Avoid Financial “Scams”

Submitted by Gary Coon

Here’s a disturbing statistic: One out of every five Americans over the age of 65 has been victimized by a financial scheme, according to the Investor Protection Trust, a nonprofit organization devoted to investor education. If your parents are in this age group, should you be concerned? And can you help them avoid being “scammed” so that they maintain control over their finances?

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FDIC- personal accounts

 By Jeff Roth

With all of the national concerns, even protection of our funds in a nationally insured banking institution can be at issue. Several years ago the government increased the amount of coverage from $100,000.00 to $250,000.00 per depositor, per insured bank, for each account ownership category. The government devised a very complicated formula to determine exactly how much would be protected. It combines the entire depositor’s like accounts in the calculation. Protection is granted based on ownership and stated beneficiaries.

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The true spirit of Christmas is alive and well

I would like to extend my personal thanks to all who once again donated to our Mitten Tree. Our friends at Salvation Army came by to pick up the last of the decorations on Monday. We were able to provide to the needy of Ottawa County a total of 174 items, many of which were beautifully hand knitted just for the Mitten Tree.

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