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February 8th, 2014

Beware mislabeling of financial products

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Question: Back during the financial crisis, I had most of my money in my 401K plan in one of those target date retirement funds. I thought it would be more conservative than what it was. That thing went down as much as my other more aggressive holdings. Fortunately most of it has come back, but I now have less than five years to go until retirement. Are these things still a good idea for me?
 
Answer: Watch out for those labels.

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Tips for what to do if you get an inheritance

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A gradual transfer of wealth is occurring among Americans: Baby boomers are starting to receive an estimated $8.4 trillion in inheritances from older generations, according to a paper published by the Center for Retirement Research at Boston College.* Roughly two-thirds of boomer households will receive an inheritance, and the average value of those inheritances is just under $300,000.
These bequests will bring heirs the opportunity to reach financial goals sooner — but may also pose significant challenges.

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Bank of Ruston gives back

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Bank of Ruston’s Angie Biscomb, right, presents a donation to Laura Miller of the North Central Louisiana Arts Council (NCLAC) to match artists’ donations from artwork sold during Bank of Ruston’s “10 Year Anniversary of Art” exhibit in December. Participating artists were encouraged to donate a portion of proceeds from artwork sold during the exhibit to NCLAC, and Bank of Ruston matched this amount with an additional donation to NCLAC in support of their arts-related programs for the community.

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They call him ‘Capt’n Sammie’

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When I think back on places and people that occupy a special niche in my memory, one guy and the area he calls home pops up on my mental screen … southwest Louisiana and Sammie Faulk.
I can close my eyes and see a gentle fellow, deeply tanned, thin wisps of gray hair and eyes that always seem to have a twinkle even when he’s bone-tired. Most know him as “Capt’n Sammie.”

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RGSA registration ongoing

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Registration for the 2014 Ruston Girls Softball Association is ongoing through Feb. 22.
A late registration fee will be charged from Feb. 23-Feb. 27.
The cost for T-ball play is $40 ($50 late registration) and $70 for 8u-12u ($80 late registration).
Practices will be held from March 10 - April 3 with jamboree games and pictures on April 5.
The season will run from April 7 - May 23.
Girls from 13-18 years old can register through April 4 for $70.
That 13-18 year old season wis set to run from May 5-May 30.
Registration can be done online at www.rustonsoftball.com.

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Strolling down memory lane to the Bahamas

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The only place comfortable for strolling today is down memory lane.
I try hard not to keep talking about the weather, but I cannot believe it is as cold in Ruston as it is out here. It actually got up to 40 today, but is back in the 20s tonight and though it will be in the 30s all day tomorrow and for the rest of the week probably, the weatherman said with the wind chill factor it will feel like the teens. This Texas wind will cut your heart out.

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Neuroscientist to speak Monday

Dr. Andrew Schwartz, professor of neurobiology at the University of Pittsburgh, will discuss his groundbreaking research during a presentation titled, “Progress Toward a High-Performance Brain-Machine Interface” as a part of the “New Frontiers in Biomedical Research” seminar series at Louisiana Tech University.
The presentation will take place at 3:30 p.m. Monday in University Hall on Tech’s campus. Admission is free and all members of Tech and local communities are invited to attend.

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February 7th

Suspect shot in chase

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Alexander: Suspect pointed gun at officers
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At approximately 1 p.m. Friday, deputies with Lincoln Parish Sheriff’s Office were involved in the fatal shooting of a 23-year-old resident.

Chad Alexander, public information officer with LPSO, said deputies were on routine duty at East Side Mini Mart, located at the intersection of South Farmerville Street and Martin Luther King Drive, immediately prior to the incident.
“The deputies came into contact with a group of individuals in the parking lot of the convenience store,” Alexander said. “One of those individuals immediately (fled the scene) on foot.”

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Girls to enjoy a movie, tea

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For more than five years local girls, along with their mothers and grandmothers, have enjoyed a movie and tea party together.
This year Quota International of Ruston will present an American Girl Movie: “Saige Paints the Sky!” The story told in this film is about a young girl finding her voice.
Bridget Davis, ways and means chairman for Quota, said tickets will be sold leading up to the event.
“Although we do presale tickets, there will be tickets available the door,” she said.

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Arrest made at GSU

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The Lincoln Parish Narcotics Enforcement Team made an arrest Thursday morning on the Grambling State University campus.
Cameron Dewayne Cammack, 21, of room No. 5115 Robert B. Knot Hall, was arrested by LPNET agents after a search warrant was issued.
According to the arrest affidavit, at approximately 9:45 a.m. Thursday, LPNET agents executed a search warrant in room No. 5155 of Robert B. Knot Hall.
Upon entering the room, agents reportedly detained Cammack and advised him of his rights per Miranda as they began the search.

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