Mark's Remarks - HL 363

High Life 363  |   PCN Home  |  Post to PCN   | G-Group   |  Calendar   |  PCN Ads  |  Sign Up  |  FAQs

 

Back in the High Life Again -Theme Song:

 http://www.youtube.com/watch?v=Adw772km7PQ&ob=av2e

Lyrics:

Back in the High Life Again

Steve Winwood

It used to seem to me that my life ran off too fast
And I had to take it slowly
Just to make the good parts last
But when you're born to run, it's so hard to just slow down
So don't be surprised to see me
Back in the bright part of town

 

I'll be back in the high life again
All the doors I closed one time
Will open up again
I'll be back in the high life again
All thee eyes that watched me once
Will smile and take me in

 

And I'll drink and dance with one hand free
Let the world back into me
I know I'll be a sight to see
Back in the high life again

 

Girl, you used to be the best
To make life be life to me
And I hope that you're still out there
And you're like you used to be
We'll have ourselves a time
And we'll dance the mornin' sun
And we'll let the good times come in
And we won't stop 'til we're done

 

We'll be back in the high life again
All the doors I closed one time
Will open up again
We'll be back in the high life again
All thee eyes that watched us once
Will smile and take us in

 

And we'll drink and dance with one hand free
And have the world so easily
Though we'll be a sight to see
Back in the high life again

High life
High life
In the high life again

 

We'll be back in the high life again
All the doors I closed one time
Will open up again
We'll be back in the high life again
All thee eyes that watched us once
Will smile and take us in

 

And we'll drink and dance with one hand free
And have the world so easily
Though we'll be a sight to see
Back in the high life again

High life
(Back in the high life)

Oh, we'll be back...

 

Important: If viewing in Google Drive, PDF hyperlinks are hot after you highlight them. If you have trouble navigating to a hyperlink then visit the blog where all links are hot - http://pcnhighlife.blogspot.com/

 

Dear PCN (of over 2600 subscribers),

 

Another way to Contact Delta HR – Please copy the included email for future use.

• New Email Contact for Delta’s Retirees - Delta’s Human Resources Department has established a new
email address for retirees needing to contact Delta Air Lines with various questions or comments. The new
email address is alumniservices@delta.com. This is an alternative way to get your question directly into
the HR department if you have been unable to resolve your issue through the “Ask HR” feature on the Del-
ta Net for Alumni website or the 1-800-MYDELTA help line.

 

Whiff of Fall in the Air……Ahhhhhh –

The dog days of Summer are starting to give way to the fresh days of Fall.  This week we are seeing 70’s here in the Ohio River Valley and it feels heavenly.  With September approaching things give way to some very consistent rhythms; school begins again, football starts, baseball winds toward the World Series, Airshows fly their last hoorahs.  

Update: Just as we had a late Aug week in the 70’s we just were thrown back into the dog days with 90’s as Aug says goodby.  Soon the whiff of Fall will be here to last.  

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Finance - HL 363 (1)

Helpful miscellaneous articles regarding our retirement plan and planning.  Like you, I review my retirement nestegg and plan from time to time.  Recently, I went though some continued education for some credentials I maintain and it occurred to me that we all could use a review about these issues.  So with your help, we will share and post articles and info that may be helpful and of interest to many of you in this section.

 

Consumers Wary Of Recession Turn To CD Ladders For High Yields, No Long-Term Commitment

Written By

Rachel Witkowski

Correspondent/Editor

Dawn Nici

Reviewed

|Personal Finance Editor

Updated: Jul 19, 2024, 1:09pm

Editorial Note: We earn a commission from partner links on Forbes Advisor. Commissions do not affect our editors' opinions or evaluations.

Americans are more afraid of commitment these days.

Many economists are predicting a recession heading into 2024. Feeling unsure about when that recession might come, some consumers are reluctant to tie up their money for long periods of time.

Enter certificates of deposit (CDs). More people are shifting their extra cash into shorter-term CDs, where annual percentage yields (APYs) have been unusually high.

“Given the uncertainty with the economy and rate environment, in 2023 we have observed members moving their savings to fixed rate products, especially short- and mid-term certificates,” says Jaspreet Chawla, senior vice president of savings products at Navy Federal Credit Union.

Consumers want high yields, but not at the risk of locking up all their funds for too long. Many choose multiple CDs with different maturities, staggering them so they come due one after another rather than all at once. That way, funds become available steadily throughout the year.

This strategy, called CD laddering, is now growing in popularity.

“When we started on this whole deposit fight—and I actually call it a fight because it’s very, very competitive out there—we only had about 1% of our balances held in CD ladders,” says Arijit Roy, head of consumer segment and solutions at U.S. Bank. “We don’t have ads on this, but 15% of our CD balances are now held in CD ladders. That’s a huge, monumental shift in about six months.”

Typically, longer-term CDs—of 12 months or more—have higher rates, but some shorter-term CD rates are catching up.  As of June 20, the national average for a six-month CD was 1.26%, not far below the 12-month CD average of 1.63%, according to the Federal Deposit Insurance Corp.

At many financial institutions the best CD rates are above 4%, even for maturities as short as six months.

How CD Laddering Works

With a CD ladder, you take the amount you would usually put in one CD and divide it across several CDs with different maturity dates.

This allows you to take advantage of various interest rates and gives you greater flexibility. As your funds are gradually released, you can put the freed-up cash into another CD at the current rate or keep it for another purpose.

“Put yourself in the shoes of someone that is approaching a major life event, let’s say retirement or a kid graduating, and there’s uncertainty about the liquidity needs of the family,” Roy says. “What a CD ladder allows you to do is actually break those funds up and give you a little bit of flexibility.”

For instance, a consumer could take out three CDs: one for six months at 4%, a nine-month CD at 4.25% and a 12-month at 4.5%.

Every financial institution offers different terms for the number of CDs and maturity dates that you can include in a ladder and for how to reinvest at renewal. For example, Navy Federal allows members to renew CDs up to 21 days after the maturity date, according to Chawla.

“Laddering your certificates is an excellent way to ensure you earn the best rates possible,” Chawla says. “You’re putting away the same amount of money, but with the potential for higher returns and the option to access your money if needed.”

But Chawla warns that even with laddering, it’s still a CD product. That usually means your funds are locked away for a certain period of time; early withdrawals are penalized with a fee.

For maximum CD flexibility, there are no-penalty CDs. The best no-penalty CDs are earning rates that compete with standard CDs.

FEATURED PARTNER OFFER

Where CD Rates Are Headed

Some observers expect some softening in CD rates after the Fed decided to pause its rate-hiking campaign during its June meeting. But Fed Chairman Jerome Powell told Congress that the Federal Open Market Committee (FOMC) will likely raise its rate another one or two times later this year.

That gives depositors more incentive to invest in short-term CDs now, while the rates are high, and free up their money for later this year, when CD rates could increase further with more Fed rate hikes.

“It has now gotten to a point where it is less attractive for banks to offer high rates of longer tenor CDs and you’re starting to see some of those rates dip,” says Roy. “But for shorter tenor and middle tenor—like six, nine months—it still is pretty attractive to go lock in funds. And I suspect for the shorter tenor, you’re still going to see some increases in rates.”

Chikako Tyler, chief financial officer at California Bank and Trust, says, “We may peak in interest rates over the summer.” But, she says, the bank expects to see depositors choosing longer-term CDs as well.

“Astute investors who watch forward interest rates will likely want to take advantage of locking in higher-yielding, safe investments while they can,” she says. “However, it’s always important to remember that no one can predict interest rates, so it is essential to diversify.”

 

 (As with any of these informative articles, anyone who needs someone to talk to about

this very subject contact me and I can direct you to a knowledgeable advisor).

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Insurance - HL 363

IMPORTANT SURVIVOR information in many former HL issues but INSURANCE section of High Life 340 and FINANCE section of 336 a good resource to keep.

 

CORRECTION to language I used in HL 350 for the D & S Plan TRUST

 

All Archived High Lifes issues:  https://drive.google.com/drive/folders/0BzB_SBDmSd9AMzViODQ3MDQtODhjYy00YzkwLThiMzktM2FhMDEzMDZhYjA0?resourcekey=0-sovghKhA1zNRWP5SUxjUqA&usp=sharing

 

I previously used the word ‘unfunding’ or ‘defunding’  the Trust but I believe that is in error and can cause unnecessary misunderstanding.  The Company is not defunding the Trust but rather funding it ‘monthly’ as opposed to carrying a long term balance.  There IS a tax advantage for both Company and Beneficiary from the Section 501(c)(9) nature of the Trust so, one would expect to see the Company continue to keep the Trust even though the funding is not executed well in advance. 

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Events - HL 363 (2)

Highlighting 2 OCT Events below you may be interested in:

CVG BASE REUNION-Oct 5th-Capt Bob Doyle

NOTE: While this invitation is coming from the DCW email program, it is not a DCW event; therefore, if you have any questions please contact one of the ladies listed below.  Thank you, Sue Zino

---

This invitation is from the following DCW members:

** Wendy Maurice Murphy • onedayx2@yahoo.com • FA class 03/31/1969 • Bases: MSY, ORD and CVG (supervisor in CVG)
** Tina Wood Christianson • dal671@aol.com • FA class 06/01/1971 • Bases: MSY, ORD, CVG, ATL
** Judy Whitley • sashagirl49@gmail.com • FA class 03/31/1969 • Bases: CVG, ATL
** and retired Delta pilot Bob Doyle (former CVG Chief Pilot)
 
DATE: Saturday, October 5th • TIME: 1830 until 2200 • COST: $45 per person

LOCATION: Marriott Cincinnati Airport, 2395 Progress Dr., Hebron, KY 41048 • (859) 586-0166

MENU: Three lovely hors d’oeuvres (two hot, one cold) and two desserts.  Coffee, tea and water.

CASH BAR

---

A personal note from Wendy

Bob Doyle is trying to arrange this reunion and I am his assistant.

As we all know, hotels/events are not cheap today.  With that said, the hotel manager has worked with us to offer a nice event while trying to keep the price down.  This hotel is lovely and has been used previously for Delta Christmas parties.  

To confirm this event with the hotel we need to know ASAP how many people plan to attend; therefore, please let me know if you plan to attend by email at onedayx2@yahoo.com or call (859) 653-0107.  

Make your $45 check payable to "Wendy Murphy" and mail it to me at 3660 Oxford Court, Erlanger, KY 41018-2671.

So far, the hotel has set aside 10 rooms at a discounted rate plus there will also be a small discount for the cash bar.  Please note, when you make your hotel reservation don't forget to tell them you are attending the Delta reunion to get the discount.  

To add a little fun, please bring a COPY of an old Delta picture with your name and employment date written on the front of it and I will put them on some whiteboards.

As I get older, I know I wouldn’t want to miss this opportunity to visit with the many people I worked with over the years and who still mean a lot to me.  I have already spoken with a few people about this event, and they are very excited.

Please help get the word out.  QUESTIONS?  Feel free to email, call or text me anytime

This will be a great, fun event that will stay etched in our minds forever.  We hope to see many CVG alumni in October!!!

Blessings,

Wendy

++++++++++++++++++++++++++++++++++++++++++++++++++++

 

 

Reminder: Information and registration form for the Dayton Reunion Deadline for registration is September 20, 2024 Email not displaying correctly? View it in your browser.

 

Delta Golden Wings Reunion at Dayton, Ohio October 7 - October 10, 2024

Reminder:  All Reservations should be made by September 20, 2024 From Delta Golden Wings President, Al Dvoracek: DGW, Welcome from Al Dvoracek. We have put together a very enjoyable reunion for anyone who has ever flown an airplane.  The National Museum of the US Air Force is a very enjoyable self-guided leisurely tour and there is also plenty of information at the Huffman Prairie Flying Field Center pertaining to the Wright Brothers. For any of you who have never attended a DGW reunion, you willl find it to be a very pleasant event. It is definitely a relaxed and informative gathering with people whom you may or may not have flown with in your Delta career. There is a hospitality room available with drinks and snacks throughout the reunion where most everyone gathers when back at the hotel. I found from personal experience that once you attend a reunion you are very likely to attend many more. We, the board, look forward to meeting some new attendees and hope that you consider joining us in Dayton.  I look forward to seeing you there! Questions? advor@charter.net or call: 817-729-5551* *I may not answer if you are not in my contacts, so just leave a message! In addition to the Holiday Inn accomodation fees, the total cost of the REUNION activities is $180/per person: The costs are all fixed, the only reduction per person would be if you’re not partaking in one of the meals. Any question, give me a call text or email. Al Dvoracek Reunion Information We have finalized the schedule for the annual reunion this year. Our anchor hotel will be Holiday Inn in Dayton Fairborn. Your hotel reservation is completely separate from the Reunion registration Use this link to make your reservation. Holiday Inn Fairburn                      MONDAY OCT 7th : Arrival and check in. The hotel does not provide airport transportation.  They recommend Uber, Lyft or a taxi. Hotel parking is free. During check in, the hospitality room will be open with snacks and drinks available. 1800: Cash bar 1900: Buffet dinner. $45.00 Per Person Dinner | Wright/Patterson Room| Dinner Buffet Petite Caesar Salad Market Garden Salad Brisket with Au Jus Vegetarian Lasagna Apple Brined Pork Loin with Sauerkraut and apples Honey Glazed Carrots Rosemary Garlic Redskins Chocolate Spoon Cake Coffee, Decaffeinated Coffee, Hot Water with Bigelow Teas and Iced Tea   TUESDAY OCT 8th Breakfast at hotel. 9:00 AM Shuttle bus to and from Air Force Museum  NMUSAF Tour (self-paced) (open 0900-1700), tickets to at least one movie included in reunion cost. Lunch at the museum is on your own utilizing food trucks as the museum restaurants are closed. Hospitality room open after tour, dinner on your own          WEDNESDAY OCT 9th Breakfast at hotel. 9:00 AM Board bus for tours The Aviation Trail • Depart Holiday Inn in Fairborn at 9:00 AM • 9:15-10:15 AM: Huffman Prairie Flying Field Interpretive Center. We will watch a 30-minute movie (On Great White Wings) as a group when we arrive. This film provides a great overview of the life of the Wright Brothers. There is a small museum and bookstore, and an outdoor monument so guests will have 20-25 minutes to stroll. • 10:30-1:30 PM: Carillon Park is a beautiful outdoor park-like museum with dozens of exhibits that highlight the story of Dayton. Hospitality room open.  Dinner on your own                  When we arrive, we will all “meet” five men that built Dayton and played an important role in our history. And then guests can stroll the rest of the park on their own. Everyone needs to see the Wright B Flyer III – the original plane is on exhibit. A new train ride through the park was just opened in the spring of 2023 ($5 per person). Guests can have lunch on their own at either Culp’s Café or the Carillon Brewery. •1:45 – 2:15 PM: A tour of Woodland Cemetery and Arboretum and a visit to the Wright Family gravesite. Also highlights of other famous people buried at Woodland. • 2:40-3:00 PM: Huffman Prairie. This is where it all happened. Let’s talk about Mr. Huffman! Guests can get off the bus for a few minutes to walk around or can see the sights from the bus window. • 3:15 PM: Return to the hotel THURSDAY OCT 10th Breakfast at hotel General Meeting 1:PM 6:PM: Cash Bar (Hospitality room closed) 7:pm Plated Dinner | Wright/Patterson Room  $38.00 per person   Menu Choices Baked Herb Chicken w/a Rich Tuscan Cream Sauce Plated dinner Tuscan cream Sauce, Market Garden Salad Roasted Broccoli Au Gratin Potatoes Rolls and Butter NY Cheesecake with Fresh Strawberries Sauce Coffee, Decaffeinated Coffee, Hot Water with Bigelow Teas and Iced Tea Eggplant Parmesan (Vegetarian) Plated dinner Market Garden Salad Rolls and Butter NY Cheesecake with Fresh Strawberries Sauce Coffee, Decaffeinated Coffee, Hot Water with Bigelow Teas and Iced Tea Seared Salmon - Plated Dinner Market Garden Salad Seared Salmon Filet With a choice of sauce - Lemon and Brown Butter, Roasted Broccoli Au Gratin Potatoes Rolls and Butter NY Cheesecake with Fresh Strawberries Sauce Coffee, Decaffeinated Coffee, Hot Water with Bigelow Teas and Iced Tea  FRIDAY OCT th Friday, October 11  Breakfast at Hotel Depart hotel for home Make checks payable to DGW Send the Registration form to: Al Dvoracek 815 Glen Abbey Dr Mansfield, TX 76063 Questions? advor@charter.net or call: 817-729-5551* *I may not answer if you are not in my contacts, so just leave a message! The total cost of the REUNION is $180/per person: The costs are all fixed, the only reduction per person would be if you’re not partaking in one of the meals. Any question, give me a call text or email. Al Dvoracek Schedule of events and costs         CLICK TO DOWNLOAD Due before Sept 20, 2024   Delta Golden Wings 54th Annual Reunion Dayton, Ohio October 7-11, 2024   Monday, October 7th Check in to Hotel/Hospitality room 6:00 PM Buffet dinner at Hotel ………………………….      $45.00 pp   Tuesday. October 8th Breakfast at Hotel 9:00 AM Shuttle bus to and from Air Force Museum….    $34.00 pp Lunch on your own Hospitality room will open after tour Dinner on your own   Wednesday, October 9th Breakfast at Hotel 9:00 AM Board bus for tours……………………………         $38.00 pp Tour Guide…………………………………………………          $10.00 pp Entrance fee to Carillon Park………………………………     $15.00 pp 3:15 PM Return to Hotel! Hospitality room open Dinner on your own   Thursday, October 10th Breakfast at Hotel 1:00 PM Business Meeting 6:00 PM Cash Bar 7:00 PM Plated Dinner…………………………………….      $38.00 pp   Friday. October 11th. Breakfast at Hotel Head for home Total cost of REUNION      $180.00 pp or $360.00 per couple   Make checks payable to DGW Send Registration Form to: Al Dvoracek 815 Glen Abbey Dr Mansfield, TX 76063     REGISTRATION FORM Click this link to download this form   Please mail before September 20, 2024   Member Name____________________________________ Name on Badge ___________________________________ Spouse/Guest Name _______________________________ Name on Badge ________________________________ Address _________________________________________ City, State, Zip ____________________________________ Phone (Cell) _________________ Home _______________ Email ___________________________________________ MEAL SELECTION FOR FAREWELL PLATED DINNER Member (Please circle your choice) Chicken, Salmon, Vegetarian Guest     (Please circle your choice) Chicken, Salmon, Vegetarian Questions? advor@charter.net or call 817-729-5551 Please include the Event Sheet with your Registration Form and your check to:   Make checks payable to DGW Send Registration Form to: Al Dvoracek 815 Glen Abbey Dr. Mansfield, TX 76063   Questions? advor@charter.net or call: 817-729-5551* *I may not answer if you are not in my contacts, so just leave a message! The total cost of the REUNION is $180/per person: The costs are all fixed, the only reduction per person would be if you’re not partaking in one of the meals. Any question, give me a call text or email. Al Dvoracek   DELTA GOLDEN WINGS 2024 Roster Please click here to download the roster MEMBERSHIP OR CORRECTING THE ROSTER Please click here to renew your membership

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