Meeting of 11/10/16: ‘Retirement Planning’

screen-shot-2016-10-16-at-7-10-54-pmMeeting at Quigley’s Restaurant
593 Columbia Turnpike
East Greenbush, NY
November 10, 2016

Members Attending (13): Debbie Rodriguez, Roberto Martinez, Murray Forth, Pat Bailey, Bill Dowd, Jim Leyhane, Terry Brewer, Mike Dewey, April Dowd, Dean Calamaras, Ray Hannan, David Taylor, Julius Frankel.

Guests: None.

PROGRAM: “Retirement Planning”

Mike Dewey

Club member Mike Dewey, a certified financial consultant, presented a talk on retirement planning.

He stressed throughout that the keys to successful planning include starting as early as possible — which he conceded sometimes is difficult to get young adults to do; having a mix of deferred taxation and non-taxable savings; and, being sure to consult with someone certified in the field who is able to provide solid comparisons of various investment options rather than simply selling insurance.

Mike gave a version of the same presentation at the club’s Third Thursday breakfast meeting in June. The slides are available on the club website’s “Program Presentation Archive.”


OPENING — President Debbie Rodriguez, presiding, welcomed all members, and Jim Leyhane offered the benediction.

src-bowling-logoBOWLING FOR VETS — Treasurer Murray Forth reported that we cleared about $3,600 from Sunday’s fundraising event at the East Greenbush Bowling Center, most of it coming from the sale of lane sponsorships. He suggested 20% go to the club treasury for support of our community programs, and the remainder be divided among veterans-related organizations as decided by the Board at its scheduled December 1 meeting. He also reported $102 was realized from a raffle at the event that will go to Ronald McDonald House.

DOORS OF HOPE — Dean and Doris Calamaras are collecting new and gently used winter coats, hats, gloves and scarves for distribution by Doors of Hope to people in need. Members are asked to bring any contributions to a dinner meeting, or drop them off at the Calamaras residence.

adopt-a-family-logoADOPT-A-FAMILY — April Dowd reported that she is anticipating receipt of information from Circles of Mercy on whether we will be “adopting” one large or two smaller families this year, and expects to receive a “gift wish list” by Thanksgiving. She will inform the club when that arrives.

MUSEUM TOUR — Bill Dowd reminded attendees that the Hudson Shores Rotary Club is inviting all Rotarians to join a guided tour of the historic Burden Iron Works Museum in Troy at 12:45 p.m. Tuesday, November 15. A $10 donation is requested. Anyone wishing to attend is asked to email Ken Rose at rosek@rpi before Tuesday.

RI PRESIDENT VISITING NYS — Rotary International President John Germ will deliver the keynote address at the annual  Eastern Cities Fellowship Dinner in Rochester on Tuesday, December 6. Reservations can be made through the District website.There’s a link to it on our website.

screen-shot-2016-11-11-at-10-53-54-amJUGGLING THE MEETINGS SCHEDULE — We will not hold another  dinner meeting until Thursday, December 1, followed by a Board meeting.  That scheduling was necessitated by the fact that next Thursday a sizeable contingent from the club will attend the District Foundation Dinner in Saratoga Springs, and the following Thursday is Thanksgiving Day. However, we will hold the scheduled Third Thursday breakfast meeting at 7 a.m. Thursday, November 17, at the Greenbush Area YMCA. A representative of the Rensselaer County Chamber of Commerce will speak.

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