OCR Text |
Show t Davis County Dipper Tuesday, September 5, 1995 page A5 Healjl ounnoK Home improvement is an iit)lc tradesmen, craftsmen, suppliers and contractors to handle the work. One of the nightmares of any homeowner is the thought of not only going through the mess and upheaval of a major (or even minor) project, but also running the risk of having lien(s) placed against the property just when youre set to sit back and enjoy the fruits of the labor. In the past, this has been a horrible nightmare to numerous people. Some new home owners have even had to sell their house to pay the subcontractors or suppliers when the general contractor (who had been paid in full) stiffed them! Remodeling projects have been no less immune, as people discovered they had to pay for projects twice to avoid having their property sold to satisfy legitimate claims by subs and suppliers. The situation has caused much grief to the innocent parties. Even the most cau With all of the gorgeous homes featured in this years Parade of Homes, it gets one thinking about improving ones present domicile. The smart home owner does a little each year to upgrade and update, so that when the time to sell arrives, the property is in good shape. When projects are within one's skill level, the objective is fairly straightforward. When it requires more skill, time or energy than is personally available, however, the situation becomes more complicated as one searches for reli on-goi- Davis Hospital and Medical Center is pleased to offer the following classes, seminars and programs as a part of their commitment to a healthy outlook. process ng tious and careful have been caught by surprise! Help is at hand, however. The state legislature passed the Residence Lien Restriction and Lien Recovery Fund Act in 1994, funding it as of Jan.l, 1995, which protects the homeowner, suppliers, and subcontractors. When homeowners have paid the general contractor in full but other participants in the work were not paid, they can apply for compensation from the State Fund. However, the homeowner must do the following: (1) hire a licensed contractor; (2) have a written contract dated (3) after Jan. 1, 1995; (4) have paid the contractor in full, and (5) have building permit (where required). Unlicensed contractors are not covered, and the homeowner is subject to liens until the general contractor has been paid. (This is not an opportunity for a homeowner to renege on their side of the contract and have the state pick up the difference!) d This remedy for an Healthy Lifestyles Family Fair Sept. 7-- 1995 Seminars Screenings Displays caused by a few unscrupulous general contractors who have caused Financial hardship on many people Thursday, September 7th 7:00 p.m. Free Seminar (Call 774 7093) much-neede- unfortunate situation has been on both sides of the situation. Homeowners have the responsibility, however, to check references, licenses and procedures to make sure they have met the requirements of the law so they are protected. There is still no remedy and probably never will be for those who fall victim to the hard-sel- l, who roll through town preying on the uninformed and unsuspecting. 8 For more information call or 530-695Then ask lots of questions and get answers! agree that you will need between 70 and 75 percent of your working income to maintain your current Dean Witter Reynolds Will Social Security alone enable you to live comfortably lifestyle retirement. during However, the percentage of your pay that is replaced by Social Security is likely to fall far short of the percent replacement during retirement? According to a recent U.S. Government report, the answer is an emphatic no for most retirees. The report explains that Social Security was never intended to provide 100 percent of retirement income. Rather, it is designed to provide a base or floor for retirement income, to which income from private pensions, personal savings, and investments must be added. Most retirement plan experts 70-7- 5 rate you will require. Recent government statistics indicate that Social Security typically replaces only about 40 percent of income for the average American worker. The remainder will have to come from: nt Employer-sponsore- pen- - Richins appointed to post First National Bank, Layton, Utah, announces the appointment of Ron H. Richins as Vice President of Business Development. Prior to joining First National Bank, Programs (ESOPS) Personal savings, includIndividual Retirement ing closer. Developing an effective personal savings program today may likely be the key to achieving the lifestyle that you presently have in mind. The most important part of your retirement savings plan is likely to be an Individual Retirement Account (IRA), which allows you to fund up to $2,000 annually ($2,250 for a combination of standard IRA and spousal IRA accounts), and provides the growth advantage of for your investments. Your funds will continue to grow in the IRA Employee Stock Ownership Accounts (IRAs) and personal nt Security benefits at retirement will come from d retirement plans. These include defined benefit plans and company-sponsore- Davis Countys Community and Economic Development department for five years. Richins is a graduate 4f Divis High 'Schd4M,luVeber State Certified Economic Development Professional through the National Development Council. Previous banking experience includes 13 years with Barnes Banking basis until they on a are withdrawn from the account. This can represent a powerful advantage over taxable account accumulations, where earnings are usually taxed at ordinary income of service. Payments come to the plan dent of Davis County, currently residing in Layton, with his wife, Marsha, and four children. Established in 1905, First National Bank has three branches in Layton with assets totaling $70 million. First National Bank recently purchased property in Bountiful and anticipates opening a branch in the near future to serve its customers in South Davis County. First National Bank prides itself in providing personalized banking services to its customers and is a RON H. RICHINS full service bank catering to its customers needs by being open more hours than any other Utah bank or credit union. First National Bank has been rated a 5 Star bank for safety and soundness, which places it in the top group of banks nationwide. plans, personal savings (the retire- ment income component over which individuals have the most control) will become increasingly before age may incur a tax penalty. All Americans should ask themselves three important questions as they begin to structure a new retirement plan or review their current retirement plans: Will I be able to retire when I Offers Affordable Confidential Counseling 05 want to? Am I 7o Enhance lifestyle I would like to enjoy? Have I positioned my investments appropriately to meet objectives? long-ter- Can you confidently answer yes to the three questions listed above If not, its time to take a closer look at how well your retirement plan is positioned to meet your objectives. Dean Winer and its account executives do not provide any tax advice. Consult your own tax advisor before making any tax-relat- decisions. 5,6W-?- 75 OF monthly mortgage payments. Many borrowers wonder if they can stop paying these premiums at some point. Surely the bank must notice that Im a good risk or that the house is worth more than the mortgage balance." Most states have laws which grants borrowers the right to terminate P.M.I. Many states have a disclosure law which requires lenders to notify borrowers annually of their right to terminate P.M.I. To cancel P.M.I., you must usually meet some combination of the following conditions: the loan ments. xaijkwi 111 m mm For questions on all aspects of mortgage and sound financial advice, call the professionals at... Free 8oz bottle of Academy Mortgage Shampoo 801-299-90- Paul Mitchell with a cut and 35 Working to do more than you expect . ACADEMY style A Savings of $4 r 295-797- 0 Perm Special $5 T 00 OFF Special Any Perm $29 to $44 Includes shampoo cut and style Reg. $9" Includes shampoo & haircut Kid Cuts $100 OFF Reg. $5 90095 course designed by the American Red Cross. Next class begins WEDNESDAY, SEPT 6 at 5:00 P.M. Advance registration required at cashier's office. Fee: $5. For questions call 774-708- A tour-wee- k Join Davis Hospital's chapter of National Association of Senior enia the Friends for adults 50 and over. uwb HUim OST9 OUm MEuVAl Membership includes free assistance with filing health insurance claims, hospital VIP benefits, regularly scheduled free and discount screenings, day and overnight trips, exercise classes, socials, crafts, discounted meals, educational offerings, volunteer opportunities and more, call 774-708- SENIOR AEROBICS TUESDAY & THURSDAY at 9:00 A.M. in womens Education classroom. For members only. 'im&UttkHittlo hour class designed to prepare women for their surgery and recovery. Held in the 2nd floor classroom on the 2nd or 4th TUESDAY of each month. FREE. For registration call A IV2 Expires 93095 Obtain books, videos or literature on women's health topics. Open Monday, Tuesday, Thurs- day, Friday from 9-- P.M. Call 774-7084 rtiinmitinniiiimiM 1H KfdiV iw program for expectant parents prepare them for childbirth. A full A Sibling Class Cradle Club Tea A Childbirth Preparation Class A Preparation For Consultation A Teen Childbirth Preparation A A Childbirth Refresher Course A PrenatalPostnatal Fitness Support Groups A Depression After Delivery A Parent To Parent (N1CU Parent Support) Breast-feedin- Breast-feedin- g For more information call 774-708- iSifJhlUfiF'UUsWiMj SgSS for a referral to an excellent healthcare provider in DavisSo. Weber communities. CALL 774-702- 8 Haircut loir Coupon Raouirad Expires BABY SITTING CERTIFICATION COLRSE It $7 MORTGAGE Working To Do More Than Yon Expect preparation for surgery class designed for children ages who are having surgery at Davis Hospital. AMTA Back to School Special Cut & Style Special A s by ratio. Before you close on your home, you should find out your lenders require- ROOTBEER FLOAT PARTY Cross Next to Payless Drug loan-to-val- 1. rgjnuaBft Center 298-855- 6 insurance premiums over the life of the loan as they make their Educational programs and counseling by a certified diabetic educator. For appointment or more information call 774-70- CNwnais 74 East 500 South THE MORTGAGE MINUTE must be two or more years old, and your record of payments must have been impeccable for at least the last year. Your house must have a 80 percent or less m idurnsERHaiaoEfi msffltiagj maaaav Dimensional Cuts Are you paying P.M.I. unnecessarily? Many home buyers obtain Private Mortgage Insurance (P.M.I.) which is often required by the lender to insure them against loan default. The buyer pays the RDCD OlGShTfe ti;BS3TYi tyoun, CjeneAcl Jleallh Ladies Only - Call DROPPING P.M.I. Cudmundson, Ceorgeann 774-708- ETHICAL MICHAEL KINGDON Eating For Good Health: Low Fat Cooking Demo" making adequate Gift Certificates Available: Jolene P. Ketchum, LMT, Member Dr. William J. Endy, Executive Director 3:00 p.m. preparations for the retirement Touch Natures THERAPEUTIC MASSAGE Family Counseling Service Offices in Bountiful, Clearfield, Ogden and Brigham City A United Way Organization UW Davis County 195 CFC 5620 retirement d Managing Diabetes" Karla Johnson, R.X., CDE 2:00 p.m. You Don't Want it: Heart Disease Risks & Prevention" Dr. Robert Taylor Cholesterol Blood Pressures Claucoma Glucose Body Fat Analysis Prostate Cancer Screening ($10 blood test) 59-1- 2 butions to a 401(K) plan. Given the changeable future of Social Security and funding limits employer-sponsore- 2:00 p.m. 9:00 a.m. 1:00 p.m. Free Screemscs that withdrawal of IRA funds employees benefit. 40 ( K ) plans, also called salary reduction plans, are a special type or defined contribution plan. These plans allow workers to deduct a specified amount per calendar year from their before income taxes, with the money going into a special account. As with other types of plans the earnings on this account also grow tax free; taxes are paid as money is withdrawn after retirement. At some companies, employers match all or part of their employees contri- on Family First Aid When to call the Doctor" Dr. Corey Ericksen tax rates. Keep in mind, however, s, resi- 800-870-16- plans. Defined benefit plans promise a certain monthly benefit, based on a participants salary and length 1 University, Colorado Graduate School of Banking 4andJlis' a Call contribution 1:00 p.m. nt investment accounts For about half of the American work force, much of the money that is needed to replace the 60 income percent of not typically covered by Social from contributions made by the employer; plus, in some cases, voluntary contributions made by the employee. Defined contribution plans promise a contribution by the employer or employee, which is then invested for the Richins was a Program Manager for Company. Richins is a lifelong important, especially to baby boomers, as retirement draws defined d retirement plans, such as sions, profit sharing, 40 1 ( K)s and Why, How and How Much?" Dr. John Burrell 2 Mile Family Fun Walk Not a race no advance registration (Free sports bottle for first 200 participants) Meet in front of hospital 530-620- 774-709- 11:00 a.m. Exercise: Saturday, September 9th 9:00 a.m. Social Security a base for retirement years By CHAD ANDREW (Call Feeling Good About Yourself Jean Weinberger, BSW 5. before you go ahead with your project. FREE SEMINARS Expires 93095 (SfiSHgi litgagnTAi qiSaaiifeGIinMl' free service offered by Davis Hospital. Call 774-704to make arrangements for one of our physicians or staff to speak at your community, business or church event A 7 Davis Hospital and Medical Center 1600 West Antelope Drive, Layton. ' - |