The Press-Dispatch
Issue link: https://www.ifoldsflip.com/i/1246281
The Press-Dispatch Church Wednesday, May 13, 2020 B- 9 2 col. x 3" (actual size) Way to go, (grad's name)! Best of luck, Grandma and Granddad Section will be published: Wednesday, May 20 Deadline for the ad to be in: Wednesday, May 13 You may submit your ad with payment by: 1. Mail form and picture to: Press-Dispatch P.O. Box 68, Petersburg, IN 47567 2. Stop by our office. 3. E-mail: news@pressdispatch.com with your name and phone number Ads must be paid for in advance. YOUR NAME: ________________________________________________________ ADDRESS: ____________________________________________________________ ______________________________________________________________________ PHONE: ( ) ______________________________________________________ AD SIZE: ❏ 1 col.x3" — $20.00 ❏ 2 col.x3" — $30.00 ❏ 2 col.x6" — $50.00 ❏ 3 col.x9" — $85.00 CREDIT CARD INFORMATION — NAME AS APPEARS ON CARD: ______________________________________________________________________ VISA OR MASTERCARD (CIRCLE ONE) CARD NUMBER: ______________________________________________________ EXPIRATION DATE: ___________________________________________________ CVN: _________________________ ZIP CODE: _____________________________ AD INFORMATION HERE: ______________________________________________________ ______________________________________________________ ______________________________________________________ ______________________________________________________ ______________________________________________________ ______________________________________________________ C L A SS O F PIKE CENTRAL CENTRAL You did it! Show your Senior you care when you place a congratulatory ad this May. This year is sure to be like no other! Show your G raduate how proud you are! 1 col. x 3" - $20 2 col. x 3" - $30 2 col. x 6" - $50 3 col. x 9" - $85 We're proud of you (grad's name)! Love Mom and Dad 1 col. x 3" (actual size) Social Security Matters Husband confused about benefits Abortion: The Death of an Unborn Child We mourn the deaths of millions of innocent lives lost to abortion and the pain and anguish suffered by the many mothers and fathers who now regret that fateful decision. Abortion is destroying our society and we pray for healing for those affected. Ad paid for by Daviess & Pike County Right To Life: P.O. Box 41, Washington, IN. 47501 how can you help in this battle against abortion? 1. You can encourage your friends and neighbors to educate themselves on what abortion is doing to our society. 2. Talk to your family members and friends and encourage them to support life for the unborn child and not to choose abortion. 3. Support the Right to Life Movement financially and also with your time and talent. 4. Always Vote Pro-Life! Vote for candidates for public office who are truly Pro-Life. Please don't support abortion by your vote at the ballot box! 5. And finally, pray to end abortion! For additional information, call 812-486-3658. e little ones are depending on us! Your support is greatly appreciated. State Farm, Home Office, Bloomington, IL Dale Grinstead State Farm Agent 211 W. Morton Oakland City, IN Bus: 812-749-6155 dale.grinstead.bylw@statefarm.com dack.mathis.uy0i@statefarm.com Like a good neighbor, state farm is there We are open to take calls. Call us today! Carry-Out Service 350 W. Main St., Petersburg Wednesday-Thursday 5 to 8 Friday-Saturday 5 to 9 812-354-2606 Serving regular menu; Pick up at drive-thru. Joe Mama's LOUIE CAMPBELL Sales Professional lcampbell@patriotonline.com CALL OR TEXT 812-899-6267 @LouieYourCarGuy HWY. 64 W. • PRINCETON "Quite Simply, A Better Experience!" Looking for a Great Deal On Your Next Vehicle? Dear Rusty: I am 65 and still working and plan to work for some time to come. My birth- date is Feb- ruary 1955. My wife is 64 and not work- ing. Her birth- date is Janu- ary 1956. Half of my benefit is more than half of hers. I am confused on the spousal benefit rules. If she were to take her Social Security ear- ly before she reaches her full retirement age, what are the rules that affect her? Signed: Confused Husband. Dear Confused: First I must clarify that spousal benefits do not work as you have suggested, that "half of my benefit is more than half of hers." Spousal bene- fits are always based upon the amount the individuals are due at their full retire- ment age, regardless of the age at which they claim. If half of your benefit at your full retirement age (FR A) is more than your wife's full benefit at her full re- tirement age, then the dif- ference between those two numbers is a "spousal boost" which is added to your wife's own payment amount when her spouse benefit starts. If she has reached her FR A when you claim and her spouse bene- fit starts, your wife will get the entire spousal boost; if she has not, the spou- sal boost will be reduced. Your wife cannot collect a spousal benefit until you start collecting your Social Security, so if she claims benefits before you claim she will initially get only what she is entitled to on her own work record. Then when you claim, the "spou- sal boost" will be added to her benefit. If you claim at your FR A, your wife will not yet have reached her full retirement age, so her spousal boost amount will be reduced and added to her own reduced benefit amount, making her total benefit as your spouse less than 50 percent of your FR A benefit amount. Your full retirement age is 66 years and two months, and you won't be entitled to full benefits un- til you reach that age. For your awareness, you can wait beyond your FR A and earn delayed retire- ment credits, up to age 70 when your benefit would be about 31 percent more than it would be at your FR A, but your wife cannot get her spou- sal boost until you claim. And also for your awareness, if you claim ben- efits before you reach your FR A and continue to work, you'll be subject to So- cial Security's earnings limit ($18,240 for 2020) which, if exceeded, will cause SS to take back some of your benefits. The earnings limit goes up by about 2.5 times in the year you reach your FR A and goes away when you reach your full retirement age. Your wife's full retire- ment age is 66 years and four months and any ben- efits she claims on her own record prior to reaching that age will be reduced. At 64 she could claim her own benefit from her own work record (assuming she has at least 40 SS cred- its), but that benefit would be reduced to about 85 per- cent of what she would get at her FR A. And claiming at age 64 would also affect the amount of her spousal benefit when that starts. The only way your wife can get 100 percent of the amount she is due as your spouse is to wait until her FR A to claim any benefit. If she claims her own ben- efit at age 64 or any time before her FR A, not on- ly will her own benefit be reduced, but her eventual benefit as your spouse will be less than 50 percent of your FR A benefit amount, even if you wait to claim until your wife reaches her FR A. That's because her spousal boost, when it occurs, will be added to the reduced SS retirement amount she is getting be- cause she claimed before her full retirement age. You are certainly not alone to be confused about spousal benefits as this is one of the most confusing areas of Social Security's rules. But I hope the above provides what you and your wife need to make an informed claiming de- cision. German American reports first quarter earnings German American Ban- corp, Inc. (NASDAQ: GABC) reported quarterly earnings of $12.5 million, or $ 0.47 per share, for the quarter ending on March 31, 2020. The quarterly earnings performance was inclusive of a $5.2 million provision for loan losses as the Company increased its allowance for loan losses in anticipation of the expected economic downturn related to the COVID-19 pandemic. The first quarter 2020 performance compared to fourth quarter 2019 net in- come of $15.8 million, or $ 0.59 per share, and to first quarter 2019 net income of $15.1 million, or $ 0.60 per share. The operating re- sults comparisons reflect the inclusion of the acqui- sition of Citizens First Cor- poration of Bowling Green, Kentucky on July 1, 2019. End-of-period loans, as of March 31, 2020, were approximately $ 3.0 billion, which represented an in- crease of $ 306 million, or approximately 11 percent from end-of-period loans as of March 31, 2019. To- tal deposits at March 31, 2020 of approximately $ 3.5 billion increased by $413 million, or approximate- ly 13 percent, relative to first quarter end-of-period total deposits in the prior year. The increase in end- of-period loans and depos- its as of March 31, 2020, as compared to March 31, 2019, was largely related to the acquisition of Citizens First. The Company previous- ly announced on April 28, that the Board of Direc- tors had declared a regular quarterly cash dividend of $ 0.19 per share, which will be payable on May 20, 2020 to shareholders of record as of May 10, 2020. Pregnant... or think you are? Call:1-877-257-1084 or Locally Call: 1-812-354-2814 • Free pregnancy testing • Free counseling and info. on pregnancy options. • Confi dential counseling for women & men who are suff ering from post-abortion syndrome. • Residential Care • Health and assistance referrals. • Training and education. • Assistance in getting baby and maternity clothes washpcc@sbcglobal.net www.washingtonpregnancycenter.com