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Senior housing may be the business for you

CarleeMcCullough-160ON OUR WAY TO WEALTHY: Whether you reference aging as growing older, more mature, wiser or seasoned, the common denominator is that we must all age. It is a fact of life.

Today, there are approximately 40 million people age 65 or older in America, which represents about 13 percent of the population. However, by 2030 there will be over 72 million or almost 19 percent of the population in this bracket.

A staple of our basic needs in life is housing and as we grow older our housing needs will change. While we hope to maintain our lifestyle, health, mobility and financial strength along the way, things may not always develop as desired.

FedEx exec touts value of emerging-leaders program

Michael-Dones-300(This is the first in a series of periodic stories that The New Tri-State Defender is featuring about people and organizations that have "Something To Offer" as Memphis journeys toward general recognition as a "Great American City!"

Michael J. Dones, corporate marketing manager with FedEx Sponsorship & Social Media Advertising, is a Memphis man with many rites of passage dotting the history of his life and career.

After high school graduation, the Bay Area native headed to Atlanta, earning an undergraduate degree at Morehouse College and an MBA at Clark Atlanta University. Soon after, he and his new wife accepted jobs with FedEx and made the move to Memphis, where they settled in, had children, and thrived.

Master selling in the ‘Luxury Market’

Winston-400tSales guru Greg Winston's sales journey has taught him one thing – salespeople teach buyers how to buy from them and when salespeople don't respect themselves, the buyer won't either. So the bottom line is, buyers don't buy from those they don't respect.

In his new book, "Opting for Opulence: 14 Proven Strategies to Master Selling in the Luxury Market," Winston showcases 14 essential elements for selling success in the ever-changing economy and new luxury market.

What's the "Luxury Market"? The luxury market is someone who makes over $125,000 per year and they are typically approached by some of the best sales people in the world.

Stepping into ObamaCare; The path for small business

obamacare-600Despite a federal government shut down, enrollment for ObamaCare – officially known as the Patient Protection and the Affordable Care Act (ACA) – went live on Oct. 1 and will continue through March 31, 2014. The legislation is groundbreaking for Americans, but the jury is still out on the execution of the program.

The intent is to give more Americans access to affordable, quality health insurance and to reduce the growth in health-care spending. No, it isn't designed to replace private insurance, Medicare or Medicaid.

The new law issues a mandate that most Americans obtain health coverage by the year 2014, obtain an exemption or pay a fee on their taxes for every month they do not have coverage. Most states established specific health insurance marketplaces (also known as exchanges), allowing citizens to shop for health insurance using cost assistance. Since Gov. Bill Haslam chose not to set up a marketplace, the Tennessee exchange was put in place by the federal government.

 

How much do I need to save?

CharlesSimsJr-160Many Americans realize the importance of saving for retirement, but knowing exactly how much they need to save is another issue altogether. With all the information available about retirement, it is sometimes difficult to decipher what is appropriate for your specific situation.

One rule of thumb is that retirees will need approximately 80 percent of their pre-retirement salaries to maintain their lifestyles in retirement. However, depending on your own situation and the type of retirement you hope to have, that number may be higher or lower.

Here are some factors to consider when determining a retirement savings goal.

 

Frontier Airlines returns to Memphis

frontier-400The Memphis-Shelby County Airport Authority and Frontier Airlines on Wednesday announced that the Denver-based airlines will once again provide air service to the Memphis International Airport beginning March 2014.

"Today's exciting announcement from Frontier Airlines is the beginning of a new era of affordable airfare choices for our passengers," said Jack Sammons, chairman of the Memphis-Shelby County Airport Authority Board of Commissioners. "I am confident Frontier's direct service to Denver will be warmly embraced by passengers in our region."

Frontier's service in Memphis will feature four weekly nonstop flights to Denver, and opens up connections to 12 different western cities, including San Francisco, Seattle/Tacoma, Phoenix, San Diego, Las Vegas, Los Angeles, and Portland.

Living legends have a wealth of knowledge

turner-200ON OUR WAY TO WEALTHY: I recently had an opportunity to see "Lee Daniels' The Butler" and it was moving. One of the things that impacted me was observing how various moments in history could be seen and experienced from so many different perspectives.

I also realized that I did not have to go see Daniel's fine work to hear actual stories about the civil rights experience.

Influencers of the civil rights movement abound in Memphis. Among them is Tri-State Bank President Jesse H. Turner Jr., whose experience frequently gets overlooked by documenters of Memphis history. He was the first to integrate a high school in the city of Memphis, breaking the barrier at Christian Brothers High School (CBHS) in 1963.

National online furniture retailer ushers in flagship showroom

decadentavenue-350Decadent Avenue, an e-commerce retailer of fine furniture, will open its first North American retail showroom in East Memphis on Nov 1, with the Greater Memphis Chamber holding a ribbon cutting ceremony at 10 a.m.

"We are excited to make Memphis the home base for what will be many more showrooms throughout North America," said Neil Phillips, co-founder of Decadent Avenue.

To celebrate the move into the Memphis area (888 South White Station Rd.), a portion of the opening-weekend proceeds will be donated to Le Bonheur Children's Hospital to assist the hospital in its mission to provide Memphis-area children with a healthier, safer childhood.