Columns

Capital Highlights

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Fort Hood renamed after Korean, Vietnam war hero It’s official. Fort Hood, named for a high-ranking Confederate officer in the Civil War, has been renamed Fort Cavazos, in honor of native Texan Richard E. Cavazos, the country’s first Hispanic four-star general. Fort Cavazos is the Army’s largest armored, active-duty military installation, according to a report in the Austin American- Statesman. It is one of nine that are being renamed around the country, based on recommendations from a naming committee commissioned by Congress to remove the names, symbols and displays that honor the Confederacy.

What goes into a retirement ‘paycheck’?

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During your working years, you generally know how much money you’re bringing in, so you can budget accordingly. But once you’re retired, it’s a different story. However, with some diligence, you can put together a “paycheck” that can help you meet your income needs. Where will this paycheck come from? Social Security benefits should replace about 40% of one’s pre-retirement earnings, according to the Social Security Administration, but this figure varies widely based on an individual’s circumstances. Typically, the higher your income before you retire, the lower the percentage will be replaced by Social Security. Private pensions have become much rarer in recent decades, though you might receive one if you worked for a government agency or a large company. But in any case, to fill out your retirement paycheck, you may need to draw heavily on your investment portfolio.

Favorite things about Hong Kong - Part I

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I haven’t written about traveling for a few weeks, so to get back on the subject of travel, how about a column on one of my favorite cities in the world – Hong Kong! The official name of Hong Kong is “Hong Kong Special Administrative Region of the People’s Republic of China”. Population is 7,670,674 as of Sunday, May 14, 2023, based on Worldometer elaboration of the latest United Nations data. Hong Kong measures about 30 miles long north to south and 45 miles east to west, much of it mountainous. Comprised of 18 administrative districts, it can be divided into four distinct geographic areas: Hong Kong Island in the south, Kowloon Peninsula to the north, the New Territories, and the outlying islands. According to Google, the New Territories “is a region of wetlands, parks and mountains north of Kowloon. It also encompasses outlying islands,including Lantau Island in the southwest, home to Hong Kong Disneyland theme park. Also, on Lantau is Tian Tan Buddha, a giant bronze statue overlooking the gardens and restaurant of Po Lin Monastery. East is car-free Lamma Island, known for its laid-back beaches.”

The 501:

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Remember when we took water for granted? It was the first thing served in a restaurant. The waitress put it down about the same time she handed you a menu.

New law may offer financial opportunities

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Your own decisions and actions typically determine your financial strategies. But outside events can affect your choices, too. And that may be the case with the recent passage of the SECURE 2.0 Act. This piece of legislation covers many areas. But here are some changes that may be of interest to you, depending on your situation: If you’re a retiree …

Are you an early person or late person?

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Don’t you hate those articles that start with “There are two kinds of people in the world …”? Bear with me on this one.There are probably layers in between, but for most of us, regarding being early or being late, it seems there are only the two camps on this subject …those of us who are always early, and those of us who are always late. Whether it’s a business meeting, a doctor’s appointment, a deadline for work, or catching a flight, it seems some folks are always early and some are always late.

Financial Focus

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Now that we’ve put winter behind us — at least on the calendar — it’s time for us to think about sprucing up our homes, inside and out. But it also may be time to do some financial spring cleaning.

Capital Highlights

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Dueling tax proposals in the Lege The Texas House passed a bill promising $17 billion in tax relief, a measure that is at odds with the Senate’s tax break plan, ac c o rding to the Austin American- Statesman. The House bill would lower by half a home’s cap on appraisal increases. It passed overwhelmingly, 141-9. However, Lt. Gov. Dan Patrick, who presides over the Senate, said that body will not approve it, preferring its plan to raise property exemptions from $40,000 to $70,000.