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Retirement Withdrawal Rates

During your working years, you've probably set aside funds in retirement accounts such as IRAs, 401(k)s, and other workplace savings plans, as well as in taxable accounts. Your challenge during retirement is to convert those savings into an ongoing income stream that will provide adequate income throughout your retirement years.

Your retirement lifestyle will depend not only on your assets and investment choices, but also on how quickly you draw down your retirement portfolio. The annual percentage that you take out of your portfolio, whether from returns or the principal itself, is known as your withdrawal rate. Figuring out an appropriate initial withdrawal rate is a key issue in retirement planning and presents many challenges.

Why is your withdrawal rate important?

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What is this new chip-card technology I've been hearing about in the news?

In recent years, data breaches at major retailers have increased across the United States. As a way to counteract these data breaches, many U.S. credit-card companies have started implementing a more secure chip-card technology called EMV (which is short for Europay, Mastercard, and Visa).

Currently, most retailers use the magnetic strips on the back of your debit or credit card to access your account information. Unfortunately, the information contained in the magnetic strips is easily accessed by hackers. In addition, the magnetic strips use the same account information for every transaction. So once your card information is stolen, it can be used over and over again.

With the new EMV technology, debit cards and credit cards are embedded with a computer chip that generates a unique authentication code for each transaction. So if your card information is ever hacked, it can't be used again--it's a "one-and-done" scenario.

Explore Buffalo Announces Exciting June Tour Schedule

Explore Buffalo Announces Exciting June Tour Schedule

 

Explore Buffalo, a nonprofit organization providing tours and other opportunities where guests can discover Buffalo’s great architecture, history and neighborhoods, has announced an extensive lineup of June events. 

Special Event — Twilight Tour of Homes

June 19 • 5 to 9 p.m.

Meet: Theodore Roosevelt Inaugural Site at 641 Delaware Ave., Buffalo

Major Food Service Company to Distribute Weber’s Products to Restaurants

Major Food Service Company to Distribute Weber’s Products to Restaurants

 

Heintz & Weber Co., Inc. of Buffalo announced this week that the Sysco Foods New York Division in Syracuse has added Weber’s Brand Horseradish Mustard to its lineup and will now supply the legendary mustard to restaurant accounts in New York and Pennsylvania. This marks the first time that a major food service company has taken on Weber's products for widespread distribution. 

Initially, Sysco Foods New York Division has taken on Weber's Horseradish Mustard in the 12-ounce squeeze size. Additional Weber’s products will also be made be available to restaurants upon request. 

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Memorial Day Masses scheduled for Catholic Cemeteries

Memorial Day Masses scheduled for Catholic Cemeteries


Catholic Cemeteries of Buffalo will again participate in, “Serving God and Country: A Memorial Day Salute to Our Heroes,” the annual Memorial Day program developed by the Catholic Cemetery Conference.

“As we pause the remember our military fallen, our Masses are a sacred opportunity for our Catholic cemeteries to honor the selfless sacrifices of so many men and women who faithfully served our great nation,” said Carmen Colao, diocesan director of Catholic Cemeteries of Buffalo.

NOCO employees participate in tree planting initiative with Olmsted Parks

NOCO employees participate in tree planting initiative with Olmsted Parks
A group of 10 NOCO employees participated in a tree planting initiative with Olmsted Parks on Saturday, May 16, at Buffalo’s South Park. As part of its charitable giving efforts, NOCO purchased 15 trees, totaling an approximate $6,000 contribution to the Buffalo Olmsted Parks Conservancy.

“For years, NOCO has remained committed to improving the valuable natural resources of our local community,” said James D. Newman, NOCO president.  “We are thrilled to give of our time and resources to benefit the Buffalo Olmsted Parks Conservancy, and specifically, South Park, which is home to Western New York’s treasured Botanical Gardens.”