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Stay on Course with Smart Financial Choices at Each Life Stage

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Stay on Course with Smart Financial Choices at Each Life Stage

Provided By:  Lanny Joseph Ribes, Northwestern Mutual Financial Network

Whether you are just starting out or nearing retirement, you need money to fund your daily life as well as your hopes and dreams. The key to having what you need is to make good choices – all along the way.

Financial Security from Day One
Your day-to-day decisions on how you spend your time and money determine what your life will look like – from career accomplishments to material wealth. If you want to be financially secure, you need to take regular steps toward that goal. Here are some key considerations to help keep you on track at every stage of life:

  • Starting Out
    Choices you make as a young adult can have long-lasting financial implications for your future. Even when you are tempted to enjoy the fruits of your labors, be sure to track your income and expenses with a monthly budget and set aside at least 10 percent of your paycheck for future needs. Be sure to take advantage of all the employee benefits – such as a retirement plan or health insurance – that your employer offers.
  • Buying a House
    Be well prepared for this significant financial step by clearly understanding your long-term financial picture before you buy, and exploring financing options including first-time buyer incentives and tax credits. Be sure you have disability insurance to protect your income and an emergency fund for unexpected expenses.
  • Getting Married and Starting a Family
    From the start, set clear goals for your life together and create a financial security plan to reach them. Your financial representative can help with this, as well as with life insurance and other options to protect loved ones if something happened to either parent. It is never too soon to start saving for college as well as other future needs.
  • Building Wealth
    You need to save consistently, with disciplined commitment to your long-term financial security plan, to be truly prepared for retirement and beyond. Save early to take advantage of compounding interest, whether in a bank account, mutual fund or employer-sponsored 401(k). Your diversified asset base should include various options such as permanent life insurance, which offers guaranteed cash-value growth as well as insurance protection.
  • Managing Career Transitions
    An emergency fund with three to six months of living expenses will address your financial requirements if you experience a job loss or want to pursue a career transition. When you are considering a change, be sure to evaluate the various ways your life might be affected, such as adjustments in commuting time and expenses, lunches, travel costs or wardrobe requirements. Be sure to roll over your IRA from your prior employer’s fund to avoid taxes and penalties and pursue employer-sponsored retirement benefits available at your new job.
  • Retirement
    Americans are living longer and it’s never been more important to maximize your income, protect your assets from risk and ensure you have what you need for retirement.  Your financial representative can help you evaluate your assets and determine how best to protect against risks, such as long-term care, and convert your personal savings into retirement income.
  • Leaving a Legacy
    If you want to leave a legacy, whether for your loved ones or the broader community, estate planning will help you meet your goals and ensure that your assets are transferred as you wish. You need both an inventory of your assets and legal means to distribute them, including beneficiary designations and wills. As part of your financial security plan, your financial representative can help you choose the best way to meet your legacy goals, including life insurance and trusts.

A financial security plan can guide you in making positive financial choices throughout life. Developed based on your unique needs, hopes and dreams, your plan provides a roadmap to help you fund them and is adjusted from year to year to reflect your specific life stage. Contact your financial representative for help in creating the best plan for you.

Article prepared by Northwestern Mutual with the cooperation of Lanny Joseph Ribes. Lanny Joseph Ribes is a Financial Representative with the Northwestern Mutual Financial Network based in Glen Carbon, IL for the Northwestern Mutual Life Insurance Company, Milwaukee, Wisconsin.  To contact Lanny Joseph Ribes, please call (618) 791-0471, email him at lanny.ribes@nmfn.com or visit his web site at LannyRibes.nmnfn.com.

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From the Librarian’s Desk by Steve Joyce: Railroads in Gillespie

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The Illinois Traction Terminal was on the corner of Macoupin and Spruce Streets.

When I decided to write this article, my original intent was to find out when they removed the rails down the middle of Macoupin Street, but I thought I might research when the railroads came and went in Gillespie. So here is a brief history!

In the 1850’s, railroads were becoming more important to the US for both transportation of people and goods. Chicago was the hub of railroad traffic in the west and cities throughout Illinois were vying to have railroads come through their section of the state. Having a railroad meant prosperity and growth. Towns would grow with increased population. The key question was where are the railroads going to go? Influence by key political people throughout the state was important.

Prominent people in the US and central Illinois like Judge Joseph Gillespie, William Mattoon, Electus B Litchfield and Robert Rantoul (Massachusetts senator) and others help bring the railroad south.

The move south was brought about by the chartering of the Terre-Haute & Alton Railroad in January 1851 out of Mattoon, Illinois. It was to extend south to Alton because legislators wanted Alton to compete with St. Louis in the growth of the area. The work was started in 1852 to originally go 172 miles. It was completed in March 1856. Extensions were created from Alton to Belleville and eventually to St. Louis. By 1857 the route was completed and a railroad went through Gillespie. The St. Louis connection was helped by the building of the Eads Bridge in 1874.

In June 1867, the Terre-Haute Alton Railroad was leased to the Indianapolis & St Louis Railroad but went into foreclosure in 1882 and sold to the Cleveland, Cincinnati, Chicago and St. Louis Railroad (known as the Big Four). This railroad came under control of Vanderbilt and the NY Central Railroad system.

The Terre-Haute Alton Railroad/Big Four Railroad came to Gillespie on an east west route. It passed through Gillespie today in the land next to the Civic Center, crossing Macoupin Street next to Subway. The Big Four Terminal was just off Macoupin Street where the Civic Center is located. There were additional terminals in Hornsby and Dorchester.

A 2nd railroad will add additional prosperity to Gillespie. The Illinois Traction System was a brainchild of William B. McKinley (not the president). He had a vision to create an electric railroad empire that covered at its peak 550 miles of rail.

The Traction system started in connecting Danville and Champaign in 1901-02, then to Decatur to Springfield in 1904. He also completed the route from Springfield to Granite City going through Gillespie and Benld in 1904. This Interurban as most people called it was a passenger service. It would eventually connect to Peoria by 1907 and St Louis by 1910. It was also possible to go to Chicago by connecting with other railroads. The Illinois Traction Terminal was on the corner of Macoupin and Spruce Streets where United Community Bank is located and at one time did have a small spur to the east.

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Everyone associates the growth of Gillespie-Benld and the surrounding area to the coal mines, but the railroad also played a key part in the growth of the area.

You might wonder why main street is so wide compared to other towns’ business districts? Gillespie was unique by having the Interurban rail down the center of Macoupin Street but also the Big Four crisscrossed near Walnut Street. The town has to be one of the few towns in Illinois to have that unique situation.

In the early days, the crisscross intersection was controlled by only railroad signs. The “Stop, Look and Listen” slogan did not stop accidents at the crossing. Eventually, a crossing watchman was hired to control the car and pedestrian traffic at the intersection of the two railroad lines. It was also not unusual for a parked car to back into the Interurban in the business district.

These two railroads went north-south and east-west throughout town until the Interurban ceased to operate. The last Interurban use was on March 3, 1956. The rail line was eventually taken over by other railroads and would only be used for freight transportation, especially by Norfolk Western and other railroad lines. The rail line did have a brief arrangement to transport coal from Monterrey Coal Junction to Edwardsville in 1970, but the last use of the old Interurban Line for freight use occurred on August 20, 1970.

The eventual decline of the railroads in Gillespie coincides with the decline of the coal mines. Railroads were being transformed from coal to diesel and coal use immediately declined.

The Big Four stopped operating on December 17, 1964. Slowly they started to remove the tracks between Litchfield and Bethalto. Illinois maps show Big Four railroad tracks in 1965, but they are gone by 1967.

Now to the original premise of the article, when were the railroad tracks removed down the middle of Macoupin Street? My sources throughout town were varying, I got all kinds of guesses. I narrowed it down by my own memory. It was there in 1972 when I started teaching but then all of a sudden it was gone. I searched newspapers in the fall of 1972, then 1973 and I found it in 1974.

In January of 1974, the city decided to do something about the water lines in the business district. There was a conversation in late February to remove the tracks, but when will they do it? At the same time there was discussion about the sewer lines where the tracks are located. So, the city decided to it all at the same time, remove the tracks, and do water and sewer lines. By early April 1974, the tracks are gone and by early May, the downtown was a mess because of the water main project. After the downtown removal of tracks, the city eventually moved further north and south on Macoupin to remove the remaining tracks.

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So, what proved to be a simple search gave you, the readers, a history of the railroads in Gillespie. Stop by the library and see the assorted railroad pictures and if you have anything railroad-related or an interesting picture involving the railroad such as an accident involving the railroads. I would like to see them.

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Letters to the Editor

Letter: Silent conservative

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Dear Editor:

This is not about Donald Trump.  It’s not even about the sad souls seduced by him.  The insurrectionists who stormed the Capitol to prevent the peaceful transfer of power were primarily guilty of being gullible.  They fell for the fraud.  They did not do the defrauding.  Many have been held accountable for their actions.  Most of the ones who fooled them have not.  Yet.

I refer to Republican Party leaders who cashed in their moral courage to ride a demagogue’s coattails to power.  They learned from their adored leader how to spew out coded calls to mob mentalities eager to vent their resentments.  I used to believe people had to be taught to hate.  Donald taught us you only have to invite people to hate.  Let them know it’s OK.  Normal.  Join the gang.  Have some fun.

Who would you like to hate?  It doesn’t have to be a race, religion, or immigration status.  People really want to hate “Elites.”  Who are elites?  Anyone who knows more than they do.  People want to feel like they know more science than scientists; feel more righteous than the devout.  What better leader could they have than one who tells them what they want to hear.  Someone who claims to “know more about the military than all the generals.”  That injecting bleach might cure Covid.  Forget evidence.  Forget knowledge.  Too time consuming.  Too boring.  All you have to do is what Donald does.  Just “feel” you’re right.  Personally, I’d rather lose with honesty than win with lies.

They call themselves something they are not: “Conservatives.”  True Conservatives value character, civility, and intelligence.  Trump-pets reward arrogance, anger, and self-delusion.

“Alternative facts” is an oxymoron.  Except in minds that can’t face an uncomfortable truth.  They’re just opinions masquerading as facts.  Using partial truths is not just a way to fool others.  It’s how we fool ourselves.  If you embrace Donald, you embrace his lies and self-delusions.  You become what he is: a fraud.  In the end, you will be a mere follower of a pathetic, narcissistic bully.  I would rather be dead than that.

If you are one of those silent conservatives who still respect the Constitution, Democracy, and the rule of law, but allow yourself to be intimidated by Trump Trolls, the death of our democracy will be on you.

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James Tweed; 1512 Wesley Ave. Ocean City, NJ 08226; (609)398-3124

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Letters to the Editor

Letter: Time for Republicans to rally around President Donald Trump

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President Donald Trump will formally accept the Republican Party nomination for President at the Republican National Convention next week.

America is a country divided and by virtue of accepting the Republican Party’s nomination for president, half the country will embrace him while the other half will want nothing to do with him.

The divide between Democrats and Republicans is nothing new, but what is new is the use of lawfare to target political rivals. Here in Illinois, the moment President Trump and his delegates filed their paperwork to be on the ballot in the Land of Lincoln, a group of far-left radicals immediately filed an objection to the filing. The objection was an outlandish legal charge that President Trump was the instigator of the events on January 6th, 2021, and was therefore not eligible to be on the ballot.

In the end these bogus accusations went nowhere. Even legal experts who were no fans of the 45th President thought the objection was ridiculous. But this is the state of affairs in politics today. Instead of putting ideas on the ballot and campaigning on the merits of those ideas, the far-left radicals are weaponizing our courts and targeting people solely on the basis of political ideology.

Donald Trump is without a doubt the most famous person in the world and like all famous people, he has his fans as well as his detractors. He is not “literally Hitler” as the extremists on the left claim. He is not the enemy of Democracy. He is a candidate for office like any other candidate. His ideas of a strong border, a strong military, low taxes, reduced business regulations, trade deals that protect American interests and a desire to protect America’s interests abroad have been a part of the public discourse for a long time. The notion that these ideas are an “assault on our Democracy” is just nonsense.

President Trump was leading in the majority of the battleground states long before the country saw Joe Biden’s decline in real time during the recent Presidential debate. And the reason he was leading in the polls is because Americans in growing numbers have rejected Joe Biden’s failed policies. The fact that Joe Biden has demonstrated his complete inability to serve has only served to give President Trump even more momentum than he already had ahead of the Republican National Convention.

It is time for our party to rally around our nominee. We cannot afford to continue Biden’s open border policies that are crippling our cities. We need a President who is strong on crime and who will work with state and local governments to keep our communities safe. We need a leader who will put an end to the inflation hurting so many families. I hear all of the time from constituents who are overwhelmed by the price of food and other household necessities. The current Administration won’t fix a problem and in fact they won’t even acknowledge the problem exists.

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I call on everyone who may have voted for someone other than Donald Trump to watch the Convention and rally around our nominee. So-called “Republicans” like Adam Kinzinger who have done the unthinkable and endorsed Joe Biden are not only embarrassing themselves, but they are contributing to our nation’s decline.

We cannot afford another four years of the Green New Scam, the open border policies and the weaponization of the justice department to target political opponents. Joe Biden ran to heal our country and all he has done is fracture us even more. It is time to put America first and Donald Trump will do just that. It is time for Republicans, Independents, Libertarians, and moderate Democrats to rally around President Trump and Make America Great Again!

State Representative Adam Niemerg

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