Thursday, May 16, 2013
Here's the story of Marlene Konkoly, who found creative ways to spend less and save more so she can retire at 50. This story is the first in our series about Extreme Savers.
Americans may be living longer, but our retirement plans aren’t keeping up. Which means people are living longer with smaller bank accounts. But Marlene Konkoly will retire at age 50. How did she do it? She contributes a whopping 45 percent of the gross annual income she earns as a procurement officer for an automotive finance company to her retirement—while owning a home and remaining debt-free. Konkoly is well ahead of the retirement savings curve compared to many of her fellow Americans. According to the U.S. Department of Labor, fewer than half of Americans even know how much money they would need to retire. And nearly a third of employees who had access to a defined contribution plan such as a 401(k) did not participate in it. “Save …
Thursday, June 21, 2012
Planning Commission can vote on a preliminary site plan for the facility during its Thursday meeting
In 2006, an Oregon-based company named Mentor Assisted Living wanted to build an assisted living facility at 7900 Center Street in the Newell Creek development. A development plan was even approved by the Planning Commission and city of Mentor. However, when the economy languished in subsequent years, so did the project. But now Mentor Assisted Living has regained interest in opening an assisted living and memory care facility on the 5-acre lot. Mentor Senior Living would have 103 units with 134 total beds -- 71 assisted-living units, 25 memory-care units for those with Alzheimer's or dementia and seven enhanced care units -- according to the Planning Commission's staff report. Mentor Assisted Living will have a pair of items pertaining to…
Saturday, June 16, 2012
The magazine highlighted the city's beachfront, restaurants, access to top-notch hospitals and nearby wineries
Just weeks after Mentor cracked the top 20 in Cleveland Magazine's ranking of the suburbs, another magazine spotlighted the city. Smart Money has named Mentor as one of the best places to retire in Ohio, along with Oberlin, Oxford and Yellow Springs. The magazine listed several reasons that Mentor was right for retirees -- great access to the beach, a vast and varied array of restaurants and access to Cleveland's top-notch hospitals. Smart Money noted the Mentor Senior Center has more than 4,000 members and offers exercise and computer classes, as well as day trips to nearby wineries and museums. The magazine also highlighted the region's many wineries, noting that there are at least 10 within striking distance. Check out Smart Money's …
matt
7:10 pm on Friday, May 17, 2013
I agree more ›