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Insider
November 2014 | Calendar of Events
FreedomYears
Happy Thanksgiving!
Heading South for
the Winter?
Wherever you go to escape the brutal Ohio
winter, we want to be sure the Freedom
Years Insider makes it to you!
There are two ways to get your Insider, the
choice is yours:
• Email – call or email us
([email protected] or
[email protected])
with the email address where we should
send the newsletter
• Snail Mail – call or email us with your
seasonal address, your departure date,
and your return date
If you need to change your address on your
FKNB or FSB deposit accounts, please visit
your local branch office to sign-off on the
seasonal address change form. We would
happily take care of the communication,
but due to security reasons, and to make
sure your secure information is protected,
it’s necessary to make the change
in person.
Investing Towards Retirement
Wednesday, November 5 • 3 pm - 4:15 pm
Loudonville Library
Are you getting ready to retire or have you just retired? Have you
developed a financial plan or is your financial plan dated? Our
Financial Advisors will discuss how to plan before or in your early
stages of retirement. They will also present a planning tool that
will individualize your plan that is free of charge to all Freedom
Years customers.
Call to reserve your space!
Investment are: not FDIC insured, not bank guaranteed, may lose value.
740.399.5132 | [email protected] • 855.345.0899 | [email protected]
•
Walt Disney World
Freedom Years Style!
January 26 - 31, 2015
Vacation highlights:
• Round trip airfare from Columbus
• 5-nights hotel accommodations at WDW
Deluxe Property - Animal Kingdom Lodge
• 5-day Park Hopper Ticket to all WDW parks
• Exclusive dinner at Hollywood Studios with
Mickey Mouse
• Exclusive dessert reception at Epcot –
Illuminations
• Breakfast with Disney Characters
• Exclusive Disney behind-the-scenes tour
with lunch
Price per person: A deposit of $500 per person due
with reservation. $2,789 double occupancy, $2,639,
triple occupancy, $2,479 quad occupancy,
$4,169 single occupancy.
Call for a detailed brochure!
Cavs vs Lakers
and “The Big Three”
Sunday, February 8, 2015
Quicken Loans Arena, Cleveland
$130 per person
Join Freedom Years as we cheer on “The Big
Three”! We only have 48 lower level tickets,
sections 111 & 113, for this afternoon game!
Don’t wait – call Freedom Years to get your seats!
Price includes: FY members only – max 4 tickets.
(Guests may be added after January 15th based on
availability). Lower level ticket, deluxe motor coach,
taxes and driver gratuity.
Meet Me in St. Louis
Featuring: St. Louis & Hannibal, MO • April 14 -17, 2015
Vacation highlights:
• Deluxe motor coach transportation
• 2-nights accommodations in downtown St. Louis
• 1-night accommodation in Hannibal
• Deluxe continental breakfast daily
• 3 dinners: including dinner at Favazza’s Restaurant, Kemoll’s
Restaurant, and Drake’s Steak & Ale Restaurant
• 1 lunch aboard the Mark Twain Riverboat, with a special guest
• Gateway Arch tour
• Guided tour of St. Louis, including guided tour of the Cathedral
Basilica, tour of Anheuser-Bush Brewery & Stable tour of the
world-famous Anheuser-Bush Clydesdale horses
• Tour of the Mark Twain Museum
• Tour of the Rockcliffe Mansion
• All luggage handling
• All taxes and gratuities on included features
Price per person: $799 double occupancy, $969 single occupancy
A deposit of $300 per person due with reservation. Optional
insurance available.
Final payment due: 2/1/15
Dirty Dancing
Playhouse Square, Cleveland • Saturday, March 21, 2015 • $84 per person
The classic story on stage is an unprecedented live experience, exploding with heart-pounding music, passionate
romance and sensationally sexy dancing. Seen by millions across the globe, this worldwide smash-hit tells the classic
story of Baby and Johnny, two fiercely independent young spirits from different worlds, who come together in what will
be the most challenging and triumphant summer of their lives. Featuring hit songs, including Hungry Eyes, Hey Baby, Do
You Love Me? and the heart stopping (I’ve Had) The Time Of My Life.
Price includes: Center orchestra seating and motor coach transportation from Mount Vernon. A lunch stop will be made en route
(on own).
Final payment due: 1/23/15
Northern California Escape
April 23 - 30, 2015
Trip highlights include:
• Round-trip airfare
• Deluxe motor coach transportation in California
• 7-nights hotel accommodations at Embassy Suites Sacramento
Riverfront Promenade
• Full breakfast daily
• 3 dinners and 3 lunches including gourmet luncheon on Napa
Valley Wine train
• Sacramento “River City” tour including California State Capitol
Building & Casa Gardens
• San Francisco City, Gold Discovery Sites in Colomo and
Placerville tours
• Visit to California State Railroad Museum in Old Sacramento
• Tour to Angel Island with optional tram tour and bicycling
tour available
• Visit to Napa Valley including tasting at Merryvale Winery in
St. Helena
• Tour to Lake Tahoe including a ride on the California Zephyr
train
Per person prices:
$2,999 double occupancy, Insurance: $257 per person
$3,799 single occupancy, Insurance: $309 per person
$2,899 triple occupancy, Insurance: $250 per person
$2,799 quad occupancy, Insurance: $243 per person
Deposit $300 per person with reservation.
Call for a detailed brochure! Final payment due: 2/2/15
Lighthouses of the
Mid-Atlantic
Featuring Ocean City, Baltimore and Virginia Beach
May 5-11, 2015
Vacation highlights:
• Deluxe motor coach transportation
• 2-nights accommodations in Baltimore, MD
• 1-night accommodation in Ocean City, MD
• 3-nights accommodations in Virginia Beach, VA
• Deluxe continental breakfast daily
• 6 dinners and 1 lunch, including a Maryland Crab Feast
• Visits to many historic lighthouses along the way
• Visits to Fort McHenry, the Naval Academy, Chesapeake Bay
maritime Museum, Ward Museum of Wildfowl Art, the Wright
Brothers
National Memorial, and the Norfolk Naval Station
• Scenic Annapolis lunch cruise
• Scenic wild pony viewing cruise onboard Assateague Explorer
• Visit to Outerbanks, NC and tour of Whalehead Club
• Visit to winery with tasting
• All luggage handling, taxes, and gratuities on included features
Price per person: $1,799 double occupancy, $2,149 single occupancy,
$1,699 triple occupancy, $1,649 quad occupancy. A deposit of $300 per
person is due with reservation.
Scottish Dreams
May 19 - 27, 2015
With optional extension to Wales and England
May 27 - 31, 2015
Trip highlights include:
• Round-trip air & deluxe motor coach transportation
• Local tour manager/guide
• 7-nights hotel accommodations in first class hotels
• Full breakfast daily
• 6 dinners including Scottish Highland Evening and
Scottish evening in Edinburgh
• Tours of Glasgow and Edinburgh
• Loch Lomond scenic cruise
• Ferry to Isle of Skye & Visit to Clan Donald Centre at
Armadale Castle
• Speyside Distillery tour
• Visit to Kelvingrove Art Gallery & Museum, Culloden
Battlefield Visitors’ Center, Inverary, Balmoral, Glamis,
and Edinburgh Castles & St. Andrews
Call for a detailed brochure, pricing and reservation
information! Final payment due: 2/12/15
Cruising the
Pacific Northwest
Onboard the American Empress Steamboat
Featuring Frontiers, Pioneers, and Vineyards
On the Columbia and Snake Rivers
August 8 -16, 2015
Vacation highlights include:
• Airfare from Columbus to Portland, Oregon and
from Spokane, Washington to Columbus
• 1-night hotel accommodations in Portland with
breakfast included
• 7-nights onboard the American Empress
• All transfers
• Complimentary shore excursions in every port,
with optional expanded shore excursions
• All meals onboard American Empress
• Complimentary beer & wine with dinner
• Complimentary cappuccino, espresso, bottled
water, and soft drinks throughout voyage
• Daily lectures by the Riverlorian, the onboard
history and culture expert
• Professional showboat-style entertainment nightly
Price ranges from $5,500 to $7,699 for double occupancy based
on stateroom category. Deposit $1,000 per person due with
reservation. 2nd deposit $1,000 per person due February 1st.
Final payment due: 5/1/15
2014
At-a-glance
Day Trips
WEDNESDAY, NOVEMBER 5
Investing Towards Retirement
Loudonville Library
THURSDAY, NOVEMBER 13
AARP Driving Course
Saturday, February 7, 2015
Patsy Cline Tribute
Alcove Matinee
Details coming soon!
Sunday, February 8, 2015
Cavs vs Lakers
SATURDAY, MARCH 21, 2015
Dirty Dancing-Broadway
FRIDAY, JUNE 19, 2015
FY Golf Outing
Details coming soon!
MONDAY, JUNE 29, 2015
Bobby Vinton
Details coming soon!
Extended Vacations & Get-a-ways...
DECEMBER 5 - 8
Colonial Christmas
Williamsburg
Waitlist!
Trip/Event Cancellation Policy:
The cancellation of Freedom
Years one-day trips or events
will be non-refundable
after payment is made
unless the space is filled
from an available wait list
or a substitution is made by
another member. Trips may
be paid for by cash, check,
or VISA. Checks should
be made payable to Park
National Bank - Freedom
Years. Refund policies on
extended vacations vary
from trip to trip. Please
review the cancellation
policy included on each trip
brochure.
Travel/Health Policy: It is
required that persons
needing assistance
be accompanied by a
companion who is capable
and totally responsible for
providing that assistance.
Neither Freedom Years nor
its suppliers may assist with
medications, wheelchairs,
or physically lift persons
onto transportation vehicles.
Travelers needing special
assistance must notify
Freedom Years when they
make their reservations.
Please note that the
Americans With Disabilities
Act does not apply outside
the United States.
JANUARY 23FEBRUARY 1, 2015
Exotic Southern Caribbean
Call for availability!
JANUARY 26 -31, 2015
Walt Disney World
Final payment due: 11/20
APRIL 14 - 17, 2015
Meet Me in St. Louis
Final payment due: 2/1/15
APRIL 23 - 30, 2015
Northern California Escape
Final payment due: 2/2/15
MAY 5 - 11, 2015
Lighthouses of the
Mid-Atlantic
Final payment due: 3/2/15
MAY 19 - 27, 2015
Scottish Dreams
Final payment due: 2/12/15
JULY 14 - 26, 2015
Alaska & Yukon
Final payment due: 4/2/15
OCTOBER 27 NOVEMBER 8, 2015
Southern African Safari
Final payment due: 7/20/15
AUGUST 8 - 16, 2015
American Empress
Steamboat
Final payment due: 5/1/15
Southern African Safari
Featuring South Africa, Zambia, and Botswana
October 27 - November 8, 2015
With optional extension to Okavango Delta November 7 - 10, 2015
Trip highlights include:
• Round-trip air from Ohio to Johannesburg, South Africa
• Private vehicle transportation throughout tour, private guides, drivers, game drive rangers
• 10-nights hotel/lodge accommodations (1-night Johannesburg, 2-nights Hazyview,
3-nights Hoedspruit, 2-nights Livingstone, 2-nights Botswana)
• Breakfast, lunch and dinner daily, all beverages at meals and bottled water daily
• Full day sightseeing tour in Drakenburg Mountains and Blyde River Canyon areas
• 6 game drives in Kapama Game Reserve in open safari vehicles
• 2 game drives in Chobe National Park
• Wildlife viewing sundowner cruise on Livingstone Princess
• Elephant Interaction and Walking with lions/cheetahs in Zambia
• Visa for Zambia
• Optional extension to Camp Xakanaxa available
Per person prices: $7,995 double occupancy, Insurance: $576 per person,
$9,995 single occupancy, Insurance: $703 per person. Deposit of $1,000 per person at time of booking.
2nd deposit of $2,000 per person due March 1, 2015.
Call for a detailed brochure and reservation information! Final payment due: 7/20/15
M A K E R E S E R VAT I O N S TO D AY !
740.399.5132 | [email protected] • 855.345.0899 | [email protected]
EQUAL HOUSING
LENDER
Member FDIC
Trust & Investment Services
One South Main Street
Mount Vernon, Ohio 43505
FirstKnox.com
Phone: 740.399.5104
FINANCIAL MANAGEMENT
MANAGEMENT FOR
FOR SIN
SI
FINANCIAL
Advanced considerations for Social Security benefits
In 2014 some 59 million Americans will receive almost $863 billion in Social Security benefits. For some, Social Security
provides most of their retirement income, and for most retirees the monthly check is a key element of their financial
security. Although this critical program faces long-term deficit issues, it remains healthy in the foreseeable future.
• Benefit payments began to exceed Social Security taxes collected in 2010. Income earned from the system’s
substantial reserves have made up the difference since then. In 2013, for example, Social Security taxes brought in
$726 billion toward expenditures of $812 billion. The interest income from the Social Security Trust Fund came to
$105 billion, while income taxes imposed on the benefits of higher-income retirees raised $21 billion.
• The trust funds grew by $32 billion in 2014, to $2.76 trillion. The trust funds are projected to last until 2033.
• The Social Security Administration in June published guidance for same-sex couples to claim spousal benefits and
survivor benefits. Benefits may be available whether or not a state has recognized same-sex marriages.
• The average monthly benefit in 2013 was $1,294. The maximum benefit in 2014 at full retirement age is $2,642. The
maximum for an early retirement this year is $1,992, and the maximum for one who delays benefits to age 70 this
year is $3,425.
When should one begin taking benefits? This is a complicated decision, driven by employment and family
circumstances as well as financial considerations. The earlier benefits begin, the lower the monthly payment. The
Social Security Administration points out that about one of every three persons now age 65 will live to age 90, and
one of seven will live to be 95. Retirement is lasting much longer than it did when Social Security began. On the
other hand, a death that comes early in retirement could mean that benefits go uncollected. See Longevity and Your
Benefits below for a comparison of lifetime benefits.
Spousal and survivor benefits
Spousal Social Security benefits are based upon the work record of a living spouse or ex-spouse. At normal retirement
age, they are generally 50% of the worker’s benefit. Survivor benefits, based upon the work record of a deceased
spouse or ex-spouse, are 100% of the deceased worker’s last benefit. There are a number of other differences to keep
in mind:
• The earliest age for spousal benefits is 62, and the earliest age for survivor’s benefits is 60. The spousal benefit at 62
is 35% of the worker’s benefit, and the survivor’s benefit taken at age 60 is 71.5% of the worker’s benefit.
• Persons born in 1944 or 1955 will have a different full retirement age for their spousal and survivor benefits. Full
retirement age is 66 for spousal benefits for those born between 1943 and 1954, but for survivor benefits the
window is 1945 to 1956.
• Spousal benefits do not get the benefit of delayed retirement credits, but survivor benefits do.
• Survivor benefits become available after nine months of marriage, but 12 months are required for spousal benefits.
File and suspend
When a husband and wife each have work records, each has the choice between taking a spousal benefit or the
regular benefit. The choice does not have to be permanent. Some affluent couples have explored a strategy called “file
and suspend” to maximize their joint Social Security benefits. (continued on reverse side)
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Serving families, businesses & our communities for generations!
Example: Harold and Ann would like to maximize their benefits by waiting to age 70 to begin collecting. Harold, who had
the higher income, files for his benefit upon reaching normal retirement age, and then suspends the benefit to gain the
additional delayed retirement credits. Ann can go ahead and claim her spousal benefit, collecting it until she reaches age 70,
when she’ll switch to her own benefit, including the full credit for delay.
FINANCIAL MANAGEMENT
MANAGEMENT FOR
FOR SI
SI
FINANCIAL
This approach is allowed only once per couple, however. The Social Security Administration provides details on the
strategy at http://www.socialsecurity.gov/retire2/suspend.htm.
How we can help you
We’ve worked with a broad spectrum of individuals, business owners, executives and professionals to solve the
problems - and maximize the opportunities - associated with stepping onto the retirement road. Our experience is
yours to draw on. Whether you’re retiring early, retiring late or regrouping to start a new career, we stand ready to
propose realistic strategies, geared to your personal requirements.
Longevity and your benefits
If you knew the date of your death, choosing the best date to begin Social Security benefits would be easy.
• Here are sample calculations for an individual who turns 62 in 2014 and whose projected monthly benefit at
full retirement age is $1,800, above average but below the maximum possible benefit.
Additional
earning
credits
inflation
not into
taken
into account.
Additional
earning
credits
and and
inflation
not taken
account.
Source: M.A. Co.
A message from… Cheri Butcher, Trust & Investment Services, 740.399.5104
While our Trust and Investment professionals don’t provide specific tax or legal advice, we can certainly offer some direction.
If you have questions or would like to learn more about our investment management strategies, just give me a call!
We’ll schedule a time to meet. Thank you!
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Not FDIC insured. Not bank guaranteed. May lose value. | Source: M.A. Co. © November 2014 | All rights reserved. | November 2014
Serving families, businesses & our communities for generations!