Saturday, May 18 2013 11:42 PM EDT2013-05-19 03:42:57 GMT
A Lowndes County man is behind bars after deputies uncovered nearly half a million dollars of marijuana. Deputies responded to a complaint at Jose Sanchez's house on Highway 129 North Friday. AuthoritiesMore >>
A Lowndes County man is behind bars after deputies uncovered nearly half a million dollars of marijuana.
Saturday, May 18 2013 11:42 PM EDT2013-05-19 03:42:03 GMT
Hundreds of people came out to Lake Blackshear Saturday to support law enforcement and the Crisp County Sheriff. It was the first annual pigs in the park event, put on by the Georgia Narcotics Officer'sMore >>
Hundreds of people came out to Lake Blackshear Saturday to support law enforcement and the Crisp County Sheriff.More >>
Saturday, May 18 2013 9:47 PM EDT2013-05-19 01:47:12 GMT
Thomasville Police are looking for two men who attempted to rob a store, scaring customers and clerks. Police say they responded to the Dollar General on West Jackson Street around 9:15pm Friday. EmployeesMore >>
Thomasville Police are looking for two men who attempted to rob a store, scaring customers and clerks.
Saturday, May 18 2013 6:59 PM EDT2013-05-18 22:59:02 GMT
Dougherty County police are searching for a motorist who hit a pedestrian and then fled the scene. Authorities say it happened around 11pm Friday near the 3900 block of Radium Springs Road. PoliceMore >>
Dougherty County police are searching for a motorist who hit a pedestrian and then fled the scene. More >>
Saturday, May 18 2013 6:58 PM EDT2013-05-18 22:58:50 GMT
It's graduation time for high schools in Dougherty County and students are ready to embark on their next journey. 230 graduates received their high school diplomas from Westover Comprehensive High SchoolMore >>
230 graduates received their high school diplomas from Westover Comprehensive High School this Saturday morning.More >>
ALBANY, GA (WALB) - As government and big financial institutions navigate tough economic times, life is particularly uncertain for people on the verge of retirement. The value of your retirement plan has likely fallen and cashing in now could mean taking a loss. Not surprisingly, some workers are putting it off.
It's a day most of us look forward to from the day we start work-- retirement. A time to travel, spend time with family and just rest. But if you don't plan carefully, it may not happen as soon as you've hoped.
The clock is running down on Bert Wagnon's working days. "Being 60 years old, I figure I've got 10 good years of health left, hopefully longer," he says.
And he's been planning for that day for a long time. "I started preparation for retirement about 20 years ago."
Of course, part of that preparation was saving money in diversified plans. But the biggest part was getting rid of debt. "Took out a 15 year mortgage on my house and it's paid off. I do not have any liens or car payments or credit card debt, and that's the way I planned it, because if you go into retirement and you've got heavy debt, you've got some real problems."
Kind of like the problems happening on Wall Street. Problems the government is trying to fix.
"He's [Congressman Sanford Bishop] trying to look out for the interests of Wall Street, but also looking out for Main Street. Main Street being the American taxpayer and we're going to make sure there are provisions in this bill that will protect people's retirements," said Kenneth Cutts, district Representative for Congressman Sanford Bishop.
But until that bill is signed, those retirements may continue to dwindle. "We're very cognizant of that, but also we want to make sure the government doesn't enter into a deal that we'll come to regret later," Cutts says.
But Wagnon won't have to push his retirement to a later date. Although he has lost about 15% of an IRA and a 403(b) account, planning ahead worked in his favor. With 45 days to go, he can happily reflect on his career, and look ahead to his future. "I look forward to a happy and long retirement."
For those of us not ready to retire, experts say, leave the money you have in the stock market alone. Don't pull out your 401ks or IRAs. When the stocks are low, you are actually buying more. Those closer to retirement, may want to consult a financial advisor.
People who have been planning on retirement may have to continue working to recoup their losses.