2 Broadcaster Press August 9, 2016 www.broadcasteronline.com High Steak Deals Dave Says Learning and Living Dear Dave, I’m a recently retired widow, and my husband always took care of most of our finances. We never had any debt, but after starting to learn a little bit about how money works, I’m worried that there may be too much of it invested in CDs (certificates of deposit). The total nest egg is a little over $1.5 million, with $300,000 of that in CDs. There’s also a $317,000 annuity, a 403(b) and around $900,000 in IRA mutual funds. I also have two homes and a new car that are paid for. How do you think I should handle things going forward? Joan At this point, I would urge you to find an investment professional in your area with the heart of a teacher — someone who’s not trying to sell you stuff. You want to learn, Joan, and I’m really impressed by that. It’s a smart and necDave essary thing. Every time you see an investment person, whoever it may be, your goal should be to leave the room smarter and with more unDear Joan, I’m really sorry to hear about your hus- derstanding than you had before. — Dave band, but you two did a fantastic job with your finances. You’re worth at least $1.5 Buy the car? million, and you have no debt. You’re set for life, but you’re wise to want to be careDear Dave, ful. My wife and I are 31 years old, and we The CDs give you some stability, but obviously they’re not earning much of any- have no debt except for our home. We also thing. I think of them as money kicked up have an emergency fund and college savin a hammock — it’s not working for you. ings in place for the kids. Over the last You both worked hard for that money, so several months we’ve saved $22,000 for a personally I’d like to see it working hard for newer car, but we’re also worried about you now. If you’ve had good luck with a var- retirement. We’ve been putting 15 periable annuity, that’s fine. You’ve also had cent of our income toward retirement, and very good luck with your mutual fund in- we’re concerned that maybe we shouldn’t vesting. So, with all this money in different spend the whole $22,000 on a car. We make areas, you’re definitely diversified. It’s just around $100,000 annually and have $50,000 a matter of wrapping your arms around it in our nest egg. What do you think, Dave? Brandon all and developing a deeper understanding of things going forward. RAMSEY By Daris Howard Dear Brandon, In your situation, a $22,000 car is not unreasonable at all. You guys are both 31 years old, and you’re going to be in great shape for retirement if you just keep doing what you’ve been doing. On top of all that, you’ve got your emergency fund in place, in addition to a nest egg and car savings. If I’m in your shoes, I’d go out and find the best car $22,000 can buy. You’re doing all the right stuff. Your kids can go to school debt-free, and you’re going to have the house paid off in no time. In short, you’re going to retire multi-millionaires at the rate you’re going — as long as you keep on keeping on! Think about this, too. As a general trend, most people’s incomes go up throughout their lifetimes. That being the case, chances are you’re going to make and invest even more money in the years ahead. You and your wife could easily retire with $5 million to $10 million sitting there. You’ve done a great job together, Brandon. Keep up the good work, and enjoy that car! — Dave * Dave Ramsey is America’s trusted voice on money and business, and CEO of Ramsey Solutions. He has authored seven best-selling books. The Dave Ramsey Show is heard by more than 11 million listeners each week on more than 550 radio stations and digital outlets. Follow Dave on Twitter at @DaveRamsey and on the web at daveramsey.com. An Update On The USS South Dakota By Sen. Mike Rounds In August 2018, just two years from now, the new USS South Dakota is expected to make its debut in the Navy’s fleet. Not only will the next generation, Virginia-Class nuclear submarine play an important role in the mission of our sailors, it will also serve as a new symbolic link forged between our state and the Navy. I had the honor of representing South Dakota at the keel laying ceremony of the USS South Dakota in Rhode Island earlier this year. Joined by former Chairman of the Joint Chiefs of Staff Martin Dempsey, his wife Deanie, Rhode Island Governor Gina Raimondo and members of the Rhode Island Congressional delegation, the ceremony formally marked construction of the submarine. However, the new Virginia-Class attack vessel has been many years in the making. The contract to build the submarine was awarded in December 2008 and construction began in 2013. Once complete, the USS South Dakota will include state-of-theart technology designed to increase stealth, as well as a revised bow and sonar panels that will allow it to better detect and track other submarines in its area. The 370 foot long submarine, which weighs 7,800 tons, will be manned by 132 crew members and can stay at sea for up to three months at a time. It is armed with four torpedo tubes and can hold six Tomahawk missiles that are capable of hitting targets over 1,000 miles away. It has been nearly seven decades since the last USS South Dakota, a battleship, was recognized with this honor. I am confident the new USS South Dakota will follow proudly in the tradition of its forebearer, which had such a distinguished history during World War II. The lead ship of her class, the USS South Dakota (BB-57) first served in the Pacific theater, where it fought two battles before returning to the United States for repairs. It later returned to the front lines, first in the North Atlantic and Artic Oceans and then again to the Pacific in the fall of 1943. This June, a celebration was held at the USS South Dakota Memorial in Sioux Falls to commemorate the 75th anniversary of the USS South Dakota (BB-57). Seventy-five years ago, in June 1941, then-First Lady Vera Bushfield, wife of South Dakota Governor Harlan Bushfield, christened the battleship and soon after it was sent to war. It retired in 1947 after many noble years of service. South Dakotans can be proud of that history, as well as the history that will be written by the new USS South Dakota when construction is complete. I look forward to following that history far into our Navy’s future. As a member of the Senate Armed Services Committee and the Subcommittee on Seapower, it is truly a privilege to witness the progress being made on the USS South Dakota. As we celebrate this progress, we must also pause to recognize the brave sailors who served on the USS South Dakota in decades past, as well as those who will serve on her in the years and decades to come. In two short years, the USS South Dakota will play a significant role in our national security efforts. It will also serve as a tribute to South Dakotans’ long history of service in our armed forces, to include service which continues today throughout our Navy. I look forward to tracking its successes. My scouts, like most young boys, were very competitive and always looking for an edge on everything. That seemed especially true when it came to food. They always wanted the biggest cookie, the best looking cupcake, or the largest steak. I had only been a scoutmaster for a short time when I first saw this. The boys had earned a few merit badges, and we were having a court of honor. I asked the parents to rotate on who brought treats. It was Mort’s mother’s turn, and she was a good cook. Even before the court of honor had started, the boys were eyeing the beautiful cupcakes, each boy deciding which one they wanted. There was only one apiece, and I knew what would happen when the court of honor was over. The boys would make a mad dash for the desert table in hopes of getting the one of they desired. But Gordy had an idea on how to get a jump on the rush. As the boys were gathered around the table, Gordy separated out the cup cake he wanted, the biggest with the most icing and sprinkles. He made sure he had the attention of all of the other boys. Once he knew they were watching, he said, “This is the one I want.” As he said it, he stuck his finger in the middle of it. “That’s not fair,” Mort said. “Why?” Gordy replied, grinning. “Someone else could choose it if they want to.” “Not after you stuck your filthy finger in it,” Mort said. I could see that the others agreed with Mort and felt it was unfair. So I thought I should do something. But what? Suddenly I had an idea. I don’t know if it was a good idea, but I felt it might teach the boys something about fairness and not being greedy. “Okay guys,” I said sticking my finger into the cupcake Gordy had claimed. “I think we should go ahead and let Gordy have this one.” “Hey!” Gordy said as I licked the icing off of my finger. But then, about half of the boys followed suit, announcing the cupcake as Gordy’s and sticking their fingers in it. The rest would have, but Gordy protected what was left of the cupcake. Most of the icing was gone, licked off of many fingers, and the cake itself was just crumbs. I thought that Gordy had learned his lesson, but it was only the next month on our campout when I learned he hadn’t. However, the rest of the boys had. We had almost one steak per person. I say almost because there were sixteen boys, two leaders, and seventeen steaks. But one steak was the size of two of the others, so we had planned to cut it in half. We had just finished cooking all of the steaks, but before I had a chance to cut the big one in half, Gordy stopped me. Then, just like with the cupcake, he made sure everyone was looking. When he was sure they were, he spit on the big steak. He grinned and said, “If no one wants that steak I’d be happy to eat it.” I could feel the annoyance welling up in me. But then, before I could say anything, Mort walked up and spit on the steak and said, “Yeah, Gordy, it’s all yours.” The boys who were closest did the same thing Mort had done, each declaring the steak as Gordy’s. Gordy was faster in protecting the steak than he had been with the cupcake, and only five of the boys were able to help him mark it as his own. But in trying to protect the steak, he knocked it off of the table into the dirt. Gordy wanted to choose another steak, but I told him that I wouldn’t have one already, and there was only one apiece for everyone else. He took the big steak and washed it off. We reheated it to burn off the contamination, but he still claimed it had grit in it. “Maybe that’s what greed tastes like,” I said. Feeding South Dakota To Host Open House And Ribbon Cutting Weekly Column: Finding Savings In Prevention By Rep. Kristi Noem Earlier this summer, lightning struck Crow Peak in the Black Hills, setting about 2,700 acres of land on fire before it was contained. The blaze threatened the homes and ranch lands near its path as well as the lives of the firefighters working to fend off its flames. Over the course of the last decade or so, wildfires across the country have grown larger and more dangerous. In 2015, a record-breaking 10.1 million acres burned, according to the U.S. Department of Agriculture. In total, the fires took the lives of at least seven firefighters, severely damaged 4,500 homes, and cost approximately $2.6 billion. Because of the way funding is allocated, the increased size and scope of fire fighting has drawn much-needed resources away from preventing these blazes altogether. I, along with many members on both sides of the aisle, would like to see this changed. More specifically, I've backed the bipartisan H.R.167, the Wildfire Disaster Funding Act. This legislation would help protect the resources we have to keep our forests healthy, thereby lowering the risk of costly wildfires. The most damaging fires would then be fought with emergency funding, just like other natural disasters are. Bergen Lutheran Church on Timber Road Ice Cream Social Wednesday August 17th In the Black Hills, excessive drought and damaging pine beetles have only amplified the risk of wildfires. Not only is this a significant safety concern, but it also jeopardizes our state’s tourism and forestry industries – and the paychecks of the hundreds of South Dakotans employed in these industries. A number of counties West River have already become eligible for emergency relief due to excessive drought. Even the small rains some counties have received have simply not been enough to prevent fires or quench dry ranch lands. Years of pine beetle damage have also turned much of the Black Hills into a tinder box. An estimated 430,000 acres - or about one-third of the Black Hills National Forest - have been destroyed by pine beetles. Through provisions I helped write into the 2014 Farm Bill, we've been able to help cut through environmental red tape, get boots on the ground faster, and allow the Forest Service to work on a larger scale in many cases. So far, nearly one million acres of the Black Hills National Forest has benefited from these provisions, but more must still be done. Through other efforts, we were also able to prioritize additional funding to help beat the beetle. Simply put, it is much more cost-effective and significantly safer to prevent a wildfire than it is to fight one. Our funding allocations should reflect that. We are fortunate to have so many dedicated foresters working in the Black Hills today, fighting to keep our forests healthy, preserving our landscape, and, when necessary, stepping in to protect homes, livestock and lives. I am incredibly grateful for their efforts and humbled by the risks they take. GUN SHOW Serving 5-7 p.m. Feeding South Dakota will officially open its new Sioux Falls facility to the public on Thursday, Aug. 11 for an Open House and Ribbon Cutting event. The new facility is located at 4701 N. Westport Ave. between J&L Harley-Davidson and P&M Steel Company. The Open House event will run from 11 a.m. to 2 p.m. with tours provided. The Sioux Falls Area Chamber of Commerce Ribbon Cutting will take place at 11:30 a.m. Donors who helped to make the facility possible will also be recognized with the unveiling of the donor wall in the new facility. For 41 years, Feeding South Dakota has served the Sioux Falls community and Eastern part of South Dakota, working to ensure that no one goes hungry. The organization has grown significantly over these past years, both in its programs and reach, Aug. 12th, 13th, & 14th Convention Center Sioux City, IA Carpentry, Install Doors, Windows & Siding, Refinishing, Drywall, Ceramic Tile & Decks Open to public $7 admission The menu will include taverns, ice cream, pie, chips, drinks & hotdogs for kids Fri. 4 p.m. - 9 p.m. Sat. 9 a.m. - 5 p.m. Sun. 9 a.m. - 3 p.m. Free Will Donation For more info: (563) 608-4401 LARGE SELECTIO N GUNS & A OF MMO FOR SALE ! Austin Preschool Expansion Now offering full-time Preschool classrooms. Morning and afternoon sessions. Offering PE, music, library, computer and S.M.A.R.T. room. Pictured are: Amy Sorensen, Principal Kim Johnson and Jamie Hovden from providing 68,000 meals when the food bank opened to 11.25 million meals today. The new facility provides greater distribution capacities, room for future growth, and the opportunity to provide healthier and more varied food options. Additionally, the new facility will help to decrease wait times for guests served thorough the Food Pantry as well as expand volunteer opportunities and programs such as Childhood Hunger Programs and the Senior Box Program. “Our new facility meets the needs of our growing organization,” says Matt Gassen, CEO of Feeding South Dakota. “We continue to work to ensure that no one goes hungry – providing individuals and families with access to food no matter where they live through increased programming and food distribution.” Contact Principal Kim Johnson at 605.677.7010 for registration and availability.