August 13, 2021 Issue, Page 4 of 8

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Living August 14, 2021 Michael Land Memorial Tournament a success Hammon All Sports Club had a successful two by refereeing games, working the gate, running viduals donated money for kids to play as well We sold t-shirts and bracelets. We profited days! We had 13 boy teams and 8 girl teams. We the clock and working concession. as food for the concession. It was wonderful to over $14,000 to put towards the Michael Land had so many volunteers from elementary kids to ‘The following businesses made donations to have such a great turnout. college age kids as well as parents and grandpar- us: ‘The Hammon Lady Warriors won the girls’ Scholarship fund. ents. Walmart, Barber-Dyson Ford Lincoln and division and TEAM SWOLE won the boys’ divi- ‘The Land family is so grateful for everyone's So many school employees helped us as well Hammon Dollar General. So many other indi- sion. Jove and support. RL Review your IRA, 401(k) beneficiaries A” Coffectine Colamn If you've had an IRA and a cy may not just require a single ciaries. Just to name one, it’s 401(k) for many years, youmay beneficiary — you may also be generally not a good idea to With Andy & Renie Bowman | occasionally ask yourself some asked to name a contingent name minor children as ben- questions: “Am I contributing beneficiary, to whom assets enough?” “Am I still funding will pass if the primary ben- eficiaries. Because children these accounts with the right eficiary has already died. As can’t control the assets until “Fail or succeed, but let them choose” mix of investments for my you can imagine, the situation they become adults, a court goals and risk tolerance?” But could become quite muddled if would likely have to name a here’s one inquiry you might stepchildren are involved in a guardian - one that you might be overlooking: “Have I used remarriage. You have seen it, surely. The isnot their calling in life. Why? minutes can agree. But is it the correct beneficiary desig- To avoid these potential not have wanted. Instead, you tomboy mom who somehow Besides the fact that they love possible that there could be nations?” And the answer you problems, make sure to review could either name your own gave birth to a princess daugh- him, they recognize the wis- less push-back and rebellion get is important. the beneficiary designations custodian to manage the as- ter who despises the dirty dom of Proverbs 22:6, “Train if a teenager was given firm It wouldn't be surprising onall of your accounts at some sets designated to the minor outdoors, but loves makeup, up a child in the way he should boundaries of protection, and if you haven't thought much point - and especially after a or establisha trust for the ben- and high fashion. Leaving the go and when he is old, he will then was allowed to find him- about the beneficiary desig- significant change in your fam- efit of the minor, which can mother to wonder if two babies not depart from it.” self, inside those fences? nation - after all, it was just ily situation. If you see some- got swapped in the hospital. ‘This scripture is not saying Imagine a free-spirited wild something you once signed, thing that is outdated or incor- distribute the money in sev- Confusing stuff sometimes. pony forever locked up in a to train up your child in the possibly a long time ago. Is it rect, contact your retirement eral disbursements over a pe- Andy was a farm boy. But way YOU think he should go. paddock. The made-to-soar really that big a deal? account administrator - or riod of years - which is often a he always pastored churches But rather, train the child in eagle forced to walk on the It could be. For one thing, your insurance representative, good move, since young adults located in small towns, so our the way that individual child ground with turkeys. Or the what if your family circum- in the case of life insurance — aren't always the best at man- two sons were not raised in a should go. Don’t make the mis- friendly loving Labrador Re- stances have changed since you to request a change-of-benefi- farm atmosphere. In adult- take of pigeonholing your child triever that is given the lonely named a beneficiary? If you've cary form. aging large lump sums. hood, both became city-prefer- into your ideas and beliefs. You job of guarding the bank vault. remarried, you may not want And if you really want to be If you're like many people, ring men. Sounds reasonable, may have recognized personal- your former spouse to receive on the safe side, you may want you have a strong desire to given their town uprearing. ity traits and intellect in your Real possibility of rebellion there too. your IRA and 401(k) assets or to enlist a legal professional leave something behind. But But now one son has a boy little girl that would make an What the Bible is saying the proceeds of your life insur- to help you with this review you'll want to do it in the right who has lived in a large city all excellent doctor, but let her is this: “A child may fumble ance policy, for which you also to make sure the beneficiary way. So, pay close attention to his life. And that kid is an out- follow her own inclinations. and struggle while finding his named a beneficiary. designations reflect your cur- door-loving, “in-my-blood” pig And it is also not saying a However, upon remarrying, rent family situation and are your beneficiary designations farmer. Whether it is a humid child will never stray or fail. niche. Help him, don’t bully many people do review their consistent with what's in your ~ when you first create them sweltering Oklahoma day, or Failure and confusion go with him. And when he is finally an estate plans, including their estate plans. and throughout your life. the brass monkey is knocking the territory of growing up. adult, he will find his world.” wills, living trusts, durable aln fact, if you're already frantically on his front door, Teens naturally have a rebel- Every baby arrives with inborn powers of attorney and health working with an experienced this teen enjoys the feeding, lious streak inside - they are tendencies, desire and gifts. care directives. If you've re- estate planning attorney - and This article was written by Ed- watering and care of his pigs. trying to break free from child- ‘The job of the parent is to set vised these documents, do you you should - you might also ward Jones provided by Robert Even volunteers to help his hood and become an adult, godly boundaries, and to be have to worry about the old pick up some other sugges- Stephens of Edward Jones Finan- friends with their pig chores. and that is stressful for them... your child’s cheerleader as The beneficiary designations? You tions for dealing with benefi- cial Advisor. Mom and Dad encourage and everyone around them. Search begins. might be surprised to learn him and give help all they can Anybody who has been in the Raising kids is hard...don’t that these previous designa- ~ given that raising smelly pigs vicinity of a teenager for five make it harder. tions can supersede what's in Edward Jones your updated will and other \ Have a photo to share? MAKING SENSE OF INVESTING documents. The end result could be an “accidental” in- Edward Jones, Member SIPC a heritance in which your retire- ment accounts and insurance 2014 W. 3rd | Elk City, OK 73644 proceeds could end up going to. Send to someone who is no longer in your life. (580) 225-3156 Furthermore, your retire- Robert Stephens Financial Advisor [email protected] [email protected] with a description! ment plans and insurance voli-