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Show Dance 8 to 9:30 Wednesdays Barefoot Dance Studio, Spirit Happenings Florida Road. $8 drop-ins- . kids and seniors. (970) from p. 15 and silent art auction. 6 to 7 p m. Jim Rey poster signing. 7 p.m. mov.e screening Magnificent Seven, 8:30 p.m., Caey and Corbin story celling and ques!onsnser session June 3 at Tamarron Sharon ResG-'$25. (600) 385-- ' 828. T ckets avo tcc e at door. Quitters Guild Small Quilt Auction, preview 9 cm., ciccn 10 a.m. June 3 Bjcvey Pa, '2'r cno Vo n Ave. Proceeds benefi the Scfehouse, Durango burn victims Hoily Nag'er and Erin Mounsey, and ou'reach procra'-- s a he La PlGta Quilter s s. Sou-mwes-t Gu.'d. "Step Back in Time narrated train excursions and overnight packages with The June Raiiroad, www.durangotra-n.com- Narrow Gauge or (970) 5 verron & Durango 9-1- 247-273- 2 3 . 2nd annual Four Corners Sectional Bridge Tournament, June 1 at the La p m 1301 $7 students, and $4 382-382- Dance.. 6.30 to 8 pm. Barefoot Dance Studio, 1301 Florda Road. $3 drop-in- s $7 students, and $4 kids ana seniors. ;970j 382-382West African Dance. Beginner 6.30 to 3 p.m Tuesdays mixed ieve! 6.30 to 8 p m Thursdays and 4 to 6 p m. Saturdays1 c-- a Advanced 3 to 9 30 p." Tprsjoys. Barefoot Do:e S'wd o 1301 Florda Road $3 drop-;n$7 st.oents and $4 lexis and seniors. 970, Hip Hop Wednesdays 9 Classes at the Dance Center for teens and odji's h tap bal'e modern, belly. African sa'sa La:n tango swing !irdy hop. workout and piiates. J970; Club mainstream and advanced plus calls, 8 Piata pm. to 10 p.m Fridays Djrango-L- a Senior Center, 2500 North Mam Ave. (970! 884-133- Just for kids d 247-785- 7th annual Iris Sale, 9 a.m.-and June 17-1-8 at Blue p.m. June 10-1- 1 Lake Ranch's Ridgewood Event Center at the 16 mile marker on U S. Highway 140 near Breen. Artisans will also sell their crafts. 970) 385-453DACRA business after hours, 5 to 7:30 p.m. June 16. Prudential Triple S Realty. (970) 247-031- 2 "Mountains by Moonlight adults; $21 for children (ages 5-- 1 or www.durangotrain.com. June 27. (970) Barbershop Concert. 1 ). (970) 247-273- 3 1 Lectures, Workshops and Classes Mixed-Medi- Painting workshop, p.m. June 4 at the Durango Arts Center, 802 a East Second Ave., (970) pre-regste-r. 259-260- 6. FLC Herpetology expert Community Concert Hall. (970) $7-1- Sacred music of the world, presented by the Animas Music Festival, 7:30 p.m. June 3, St. Columba Church (970) 247-714Animas "The Sweet Toll of Love, Music Festi a!, 7:30 p.m. June 7, FLC Roshong Recital Hall. (970) 247-714- Visual Arts 24th Annual Juried Show, June Artists reception p.m. June 2, Barbara 1 382-924- 2-3- 0, 259-412- Conrad Gallery, Durango Arts Center. (970) 6. books and d ct objects by Alicia Bailey, book-lik- e June Durango Arts Center. Artists p.m. June 2. Meet the artist, reception 10 a.m. June 3 in the Art Library at DAC. (970) 2-3- noon for owner an man1 agers, 8:30 to II a.m., or to 3:30 p.m. for 6-employees June 7 at the Best Western Rio Grande Inn. $10 for DACRA members, $15 for RSVP. (970) 247-031or fax: 259-260- watercolor "LandscapesCityscapes exhibit, through July, artists reception June 2 at Red Canyon Gallery, 131 East Eighth Street. 2 s. (970) 385-788- Noxious weeds workshop, June (970) 0. 259-260- Durango Artists Workshops, and y in workshops drawing, painting, phoand more, held in conjunctography, sculpture tion with the Cleveland Institute of Arts, June 19 July 21, Smiley Building. (970) 375-042- 8. 382-985- "Greece and the Islands," Athens, Santorini, Naxos, Myconos, Sept. 24-Oc- t. 8, FLC extended studies program. (970) 259-487- "Child Talk, facilitating children's comclasses munication, two monthly at the Adult Education Center, 301 East 12th Street. Childcare provided. $2 donation. (970) 385-435- African West Women's Resource Center's Annual Golf Tournament, June 10, Tamarron Resort. (970) 247-124- 2. Purgatory Resort opens for the summer; Alpine slide, mountain bike uplift, scenic chairlift, plaza shops and restaurants, June 16. 247-900- 0 Ext. 5145. Belly Dancing, 6:30 to 8 p.m. Fridays, Barefoot Dance Studio, 1301 Florida Road. $8 drop-ins- , $7 students, and $4 kids and seniors. (970) 9-1- San Juan Public Lands Center. $25. San Juan Mountains Association. (970) 385-124Framing Workshop, 10 a.m. to 3 p.m. June 10, Durango Arts Center. Preregister. Recreation (970) a.m.- - 0, 5-- 7 (970) Service HospitalityCustomer Seminar, 8:30 5-- 7 "Image-Word-Obje- gives survey of rep- and amphibian species 0:30 a.m. to noon, June 3, Durango Nature Center. (970) tile 5-- 9, Smiley Building. for Discounts available early registration. (970) June 3 382-382- 9. Piper Jaffray. B. Swearingen Durango, CO Vice President Investments Rodney Get a Second Opinion on Your Lump-SuDistribution f , j j - iO-ve- j ! i ! ar complicated, however; lvfore you decide to use it. seek the help of a tax advisor. i can put the money into another If you use some of the now and money put the rest into an IRA, you pay current taxes and a 10 ivrceni penalty only on the amount mat Yon d. You'll nuke one of the most important financial decisions of your life under the pressure of a deadline. The govern ment allows you just (10 days to decide distribuwiiat to do with a lump-sution irom a retirement account. Whether you retire or leave a company for other reasons makes no difference. You still luve a limned amount of time to weigh your options and their consequences. So it's a good idea lo get a second opinion from a tax or legal professional before deciding. Basically, you have three onions: You can take the money now. Only 40 percent of workers save (tensions received Lvfore retirement, according to the employee Benefit Research Institute. Many use their windfalls' to pay off debts, buy new ears, or travel. Its your choice lo nuke; however, once the money is gone, youll luve to look elsewhere lor retirement income. If you think Social Security will provide sufficient funds, think again. The average annual Social Security benefit for a retired individual is $8,988. (Source: Social Security Administration, 1997) For young people, retirement seems distant. A new car, on the iMhcr hand, is an instant benefit. However, if instead of using $10,000 to buy a new car, you put it into a tax deferred IRA lor the next 40 years (where it grew at an average rate of 8 percent a year), you would have S2 7,000 to supplement your retirement. -- and adults, June 7:31 p.m. 3bancorp 375-252- Ballet Workshop for children, teens 247-765- 259-260- kid- -, Tuesdays p.m. or 6 to 7:30 p.m. through Smiley Building Room 22. $95. :30 a.m. to train Performing Arts at Jewelry making for 1 1 . ride, departs at 7.30 p.m. June 16. $42 for Dollars & Sense m er $30. (97C) Future 259-412- San Juan Swingers Square Dance 9-1- Plata County Senior Center. (970) 247-166"Nostalgia Night Beverly Hillbillies-themeraffle, dinner and dancing fund-raisfor Durango Fiends of the Arts, 6 p.m. to mid-nigJune 10. Durango Arts Center Theater. Protect Your s, 3S2-332- Moreover, if you lake all or part of your distribution m cah lvfore you are 39 l j years oid. you pay not only regular income taxes but also a 10 percent ted eral jvnalty on any money that is not put into anotner retirement account, in addition, any amount not rolled into another retirement account is subject lo a 20 ivrceni federal tax withholding. Taking tiie casn can cost you plenty. There arc iim.- when using some oi all o! ,t lamp v.im distribution nukes sense. One such lime is when vou arc ' eligible lor toward averaging, a tax saving technique llut you can use iusl once in vour iiteMme. It is available oule to jvopie wno are close to retirement age. Forward a vl raging allows you lo calculate taxes due on your payment as if it were vour only income over a five or (vriod. Forward averaging is m you use. You can receive substantially equal distributions. Ill is is probably not a good option for younger people, but those taking early retirement may want to consider receiving substantially equal distributions. The law permits you to roll your lump-sudistribution into an IRA and begin taking out a series of annual payments without paying the ID percent penalty, even if you are under age 39 Vi. However, there are age ;.nd time restrictions on this option, and you ceil ainly will want to get good tax advice if you are interested in this choice. As you can see. there are many facets to our lump-sudistribution decision. To complicate matters, you may be distracted by other concerns, such as finding a new job or adjusting to a radical altered schedule. Yet you'll make a serious mistake if you don't take time to carefully decide what to do with a payout from your retirement account. Because your decision can have such great consequences, I urge you to carefully consider all your options and get a second opinion. m m -- 1 Roiincy It. Swearingen is Vice I'ivsiJent with the Durango office of U.S. Hancvip Fivr Jaffray Inc., a full seniee investment firm foutuleJ in ISPS Atemlvr SUV, XYSf, Inc. Drumming, beginnerintermediate 8 to 9:30 p.m. Tuesdays; advanced 8 to 9:30 p.m. Thursdays at Barefoot Dance Studio, 1301 Florida Road. $8 drop-in$7 students, and $4 kids and seniors. (970) World Beat Drumming, 6 to 7:30 p.m. s, an insured In- Ilk 7 IC. are mV wither Mi.t.ithms iViYXH.ir.iii teed by the I.S. Rink Natumal kn wit atiihates. and mvclve investment nk. iik hiding ixwibh- k'stt the thrcmith I X Rttkvj hivrUttrjv hk jimvinl invested. Securities pnxlucts and services arc ctli-nmernlxr SUV and ATS.1. Iik. a subsidiary- iV' ( '.S. Uaikrrj. Nemtieivsil investment I'twluct Assx-ia- mV - t miial . - 382-382- Thursdays, Community of Learners School. Kula Music, (970) Art Classes Arts 1 1 1199 Main Ave. Suite 201, Durango, CO or (970) 385-694- 9 247-833- for adults with :30 a.m. Thursdays Center. $5 per class (970) 9:30 to Brought to you by... U.S. BANCORP PIPER JAFFRAY, INC. OF DURANGO, CO in disabilities, the Durango 588-226- 2 or I our offices on the second floor of the Bank of Colorado building, the former new Bums Bank building. Plea sc visit us at June 2, 2000 - Cross Currents 17 |