Smoky Mountain Trader

August 6, 2020

The Smoky Mountain Trader a free Classified paper serving 12 counties in 3 states. Hamblen, Knox, Jefferson, Cocke, Grainger, Sevier, Hancock, Hawkins, Claiborne and Greene Counties in Tennessee. Plus Lee County Virginia and Bell County Kentucky.

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House on 5 acres, $50,000 OBO, Ewing, VA. 423-300- 9246. 550 Automobiles 1993 Ford Mustang Convert- ible, 4 Cyl., Auto, Air, 98K Miles, $2,595 OBO. 423-300- 9246. 1997 Dodge Hightop 2500 Conversion van with wheel chair lift. Burgandy paint, gray leather interior, loaded for travel, eclectic 3 person seat/ bed, T.V., stereo, hot heat and cold A/C. 360 Engine, 15 to 18 MPG. Only 60,035 original miles. Needs nothing, just ser- viced July 20, 2020. Ready to use! Owned 3 years for dad. A s k i n g $ 7 , 5 0 0 . R e d u c e d $6,000. Call 423-307-3610. LEFFEW DIRT WORKING SERVICES: Bobcat, Trackhoe, Bushhogging, dump Truck Services. Best Rates. Will Beat any other price!! 423-312-7871 Free Estimates Attention: Viagra Users! 50 Pills for $99 plus shipping! Call To d a y f o r t h e c h e a p e r alternative! 866-364-3024. CREDIT CARD DEBT? Fi- nancially Stressed Out? Stop the harassment! Make one monthly payment YOU can AFFORD! Get help now and save! Call Toll Free 877-386- 4238. The investment world contains different types of risk. Your stocks or stock-based mutual funds could lose value during periods of market volatil- ity. The price of your bonds or bond funds could also decline, if new bonds are issued at higher interest rates. But have you ever thought about longevity risk? Insurance companies and pension funds view longevity risk as the risk they incur when their assumptions about life expectancies and mortality rates are incorrect, leading to higher payout levels. But for you, as an individual investor, longevity risk is less technical and more emotional: it's the risk of outliving your money. To assess your own longevity risk, you'll first want to make an educated guess about your life span, based on your health and family history. Plus, you've got some statistics to consider: Women who turned 65 in April of this year can expect to live, on average, until age 86.5; for men, the corresponding figure is 84, according to the Social Security Adminis- tration. Once you have a reasonable estimate of the number of years that lie ahead, you'll want to take steps to reduce your longevity risk. For starters, try to build your financial resources as much as possible, because the greater your level of assets, the lower the risk of outliving them. So, during your working years, keep contributing to your IRA and your 401(k) or similar employer-sponsored retirement plan. Then, as you near retirement, you will need to do some planning. Specifically, you will need to compare your essential living expenses – mortgage/rent, utilities, food, clothing, etc. – with the amount of income you'll get from guaranteed sources, such as Social Security or pensions. You do have some flexibility with this guaranteed income pool. For example, you can file for Social Security benefits as early as 62, but your monthly checks will then be reduced by about 30 percent from what you'd receive if you waited until your full retirement age, which is likely between 66 and 67. You might also consider other investments that can provide you with a steady income stream. A financial professional can help you choose the income- producing investments that are appropriate for your needs and that fit well with the rest of your portfolio. After you've determined that your guaranteed income will be sufficient to meet your essential living expenses, have you eliminated longevity risk? Not necessarily – because "essential" expenses don't include unexpected costs, of which there may be many, such as costly home mainte- nance, auto repairs and so on. And during your retirement years, you'll always need to be aware of health care costs. If you have to dip into your guaranteed income sources to pay for these types of bills, you might increase the risk of outliving your money. To avoid this scenario, you may want to establish a separate fund, possibly containing at least a year's worth of living expenses, with the money held in cash or cash equivalents. This money won't grow much, if at all, but it will be there for you when you need it. With careful planning, adequate guaranteed income, a sufficient emergency fund and enough other investments to handle nonessen- tial costs, you'll be doing what you can to reduce your own longevity risk. And that may lead to a more enjoyable retirement. How Can You Help Lower Your Longevity Risk? How Can You Help Lower Your Longevity Risk? Marcus Trantham Financial Advisor 6144 Cumberland Gap Parkway Suite 3 Harrogate, TN 37752-7861 Bus. 423-869-3608 Fax 888-810-2732 This article was written by Edward Jones for use by your local Edward Jones Financial Advisor. Edward Jones, its employees and financial advisors are not estate planners and cannot provide tax or legal advice. You should consult your estate-planning attorney or qualified tax advisor regarding your situation. ©SMTPUB INC FREE BRAKE INSPECTION ** » REPAIR WHEEL BEARINGS » NEW & USED TIRES » CHANGE BRAKES » TURN ROTORS » ROTATE TIRES » BALANCE TIRES **With purchase of a new or used set of tires. SE HABLA ESPAÑOL! Hours: Mon. -Fri. 9 am - 6 pm | Sat. 9 am - 4 pm | Closed Sundays 122 E. OLD AJ HWY 122 E. OLD AJ HWY JEFFERSON CITY, TN 37760 JEFFERSON CITY, TN 37760 865.262.0890 865.262.0890 Hours: Mon Fri 9 am 6 pm | Sat 9 am 4 pm | Closed Sunday ©SMTPUB INC H NEW TIRES ! Marcus Trantham Financial Advisor 6144 Cumberland Gap Parkway Suite 3 Harrogate, TN 37752-7861 Bus. 423-869-3608 Fax 888-810-2732 BUYING COMIC BOOKS!! 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Call Bill At Call Bill At 865-455-6036 865-455-6036 or Call Charles at or Call Charles at 423-357-3197 423-357-3197 Page 10 - The Smoky Mountain Trader - August 6 - August 12, 2020 APPALACHIAN APPALACHIAN AUTO REPAIR AUTO REPAIR APPALACHIAN AUTO REPAIR 520 Jarnigan Ave. 520 Jarnigan Ave. Morristown, TN Morristown, TN 423-587-2260 423-587-2260 520 Jarnigan Ave. Morristown, TN 423-587-2260 Brakes $89.99 Per Axle Alignment $44.99 Oil Change & Tire Rotation $34.99 © SMT

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