Wednesday, March 7, 2018 The Nugget Newspaper, Sisters, Oregon
9
Obituaries
Llfred “Ll” Williams
Barbara Smith Burkart
December 21, 1931 — February 5, 2018
September 26, 1943 — February 24, 2018
Alfred “Al” Williams, a
longtime Camas, Washington,
resident, born in Neosho,
Missouri, passed away
Monday, February 5, at his
residence in Sisters.
He is survived by his
wife, Barbara “Joan” Lilley-
Williams; his children,
Tammy Harrison (Scott),
Terri Chiodo (Robert),
Rodney Williams (Christy),
Randy Williams and Ricky
Williams (Nancy); his grand-
children, Felicia Harrison,
Kristina Williams, Colton
Williams, Kyler Williams,
Sean Narhi, Chad Narhi,
Robbie Williams, David
Williams, Jr., Nova Williams,
Brian Williams and Danny
Williams, Angie Williams and
Nicole Williams; and many
great grandchildren, nieces,
nephews and great nieces and
nephews, and his stepchil-
dren, Shelly Lighty, Michael
Lighty and Tim Lighty, step-
grandchildren, Sydney Mills,
Christopher Lighty, Sasha
Lighty Jacobs and Sablahn
Lighty.
He was preceded in death
by his former wife of 43
years, Ruth Elaine Williams,
and his son David Williams,
of Othello, Washington. He
was also preceded in death by
his parents, Bessie and Roy
Williams and four brothers
and one sister.
Al proudly served as a
Sergeant in the United States
Air Force during the Korean
War. Boating was a pas-
sion, and Al belonged to the
Vancouver Yacht Club for
many years. He was a mem-
ber of the 19th Bombardment
Group and enjoyed travel-
ling to many of the Reunions
held in various parts of the
United States, and was also
a member of the VFW in
Camas, Washington. He
was employed at the Camas
papermill for 30 years as an
additive supervisor.
His real joy was being
with his family, extended
family, and his dogs. He
enjoyed bicycling, walking,
motorhoming, music (all
types, especially classical),
history, dancing, gardening,
watching TCM and western
movies, talking about his mil-
itary service, farming, build-
ing homes, meeting and visit-
ing with his friends.
Services will be held at
the Episcopal Church of the
Transfiguration in Sisters on
March 10, 2018, at 1 p.m. and
a military burial at Willamette
National Cemetery in
Portland (the date to be
announced at a later date).
In lieu of flowers, please
send donations to the
American Cancer Society.
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Barbara Smith Burkart
passed away on February
24, from complications of
Parkinson’s Disease. She was
surrounded by loving family,
and died in Portland.
She was born to her par-
ents Joe and Marie Smith
in Oakland, California, on
September 26, 1943. She was
74, and a fourth generation
Smith from Oakland.
Barbara is survived by
her husband William F. (Bill)
Burkart, her three children
David W. Burkart, Molly
K. Jorgensen and Michael
J. Burkart, and three grand-
children, Amanda Jorgensen,
Mila Burkart, and William
Burkart.
She attended high school
in Piedmont, California and
later attended Cal Poly, San
Luis Obispo. While in col-
lege she participated in the
Experiment for International
Living and lived with
two wonderful families in
England. She completed her
B.A. in elementary education,
and met her husband Bill her
senior year. After obtaining
her teaching credential, they
married and Barbara began an
18-year career of teaching and
serving as a classroom aide
CORRECTION
The obituary for Janice
Marie Secrest in February 28
edition of The Nugget incor-
rectly used her maiden name
of Lamb in the header.
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in the Piedmont, California,
school system. She was active
in the Piedmont community,
was president of the Piedmont
Swim Club and captain of
Ladies Golf at Claremont
Country Club.
As their children were
graduating from college,
Barbara and Bill moved to
Black Butte Ranch (BBR),
where they enjoyed 25
years of living in the beau-
tiful mountains of Central
Oregon. Barbara’s many
activities included golf, quilt-
ing and sewing, knitting and
handwork, hiking, garden-
ing, book group, group driv-
ing trips, travel and reading.
She held many positions in
the BBR Ladies Golf and
Women’s Association, and
helped choose recipients of
scholarships awarded by
the Women’s Association to
deserving students at Sisters
High School.
She was a weekly volun-
teer at the Sisters Habitat for
Humanity Thrift Store. Her
many friends describe her as
a lovely lady, graceful, ath-
letic and always put-together.
Barbara was a most wonder-
ful wife, mother, mother-in-
law and grandmother. She is
sorely missed.
Barbara will be cremated
and there will be no ser-
vices. Memorial gifts would
be welcome to The M.J.
Fox Foundation or other
Parkinson’s Disease research
group.
Is Your Portfolio Telling You to Make a Change?
The past nine years have been extraordinary for the stock market. From March 2009 to the
end of 2017, the Standard & Poor’s 500 Index, a benchmark of market performance, rose
close to 300 percent. In 2017 alone, the index gained more than 21 percent. If you are
an investor who has benefi ted from the extended bull market in stocks, you might think
there’s no reason to rebalance your portfolio. However, certain investments or sectors
you own may have prospered in recent years, possibly affecting the level of risk you have
in the market. With market performance where it is, it may make sense to review your
portfolio and determine if changes are appropriate.
The importance of rebalancing: Rebalancing is a process of shifting assets in
your portfolio back to your original allocation to more suitably refl ect your investment
objectives and risk profi le. Because the markets move in unpredictable cycles, it’s
important to remember that the types of returns many investors saw in 2017 won’t
necessarily be repeated in the next few years. While stocks have historically moved higher
over time, there are periods when they either perform below average or give back some of
the gains they previously achieved. These market swings mean an investor may have to
make adjustments to their portfolio mix over time. Keep in mind that rebalancing does not
guarantee a profi t or protect against a loss.
As a simplifi ed hypothetical example, assume an investor’s portfolio was established with
a mix of 60 percent stocks and 40 percent bonds. This mix would be determined based
on the investor’s risk tolerance and goals. After the market’s recent winning streak, stocks
may now represent 70 percent of the portfolio. This could be considered an “overweight”
position compared to the investor’s designated allocation. If stocks experience a
correction, the “overweight” position in equities could work against the investor. It may
make sense to reduce the stock position back to its original allocation of 60 percent, and
move 10 percent of the portfolio back into bonds. In this way, the portfolio would more
accurately represents the investor’s risk profi le.
When to shift assets: There are many market or personal events that may cause
investors to rebalance their portfolios. While the following rules of thumb may give you
an idea of when to consider reallocating your investments, remember that the right time
and frequency is different for each investor. Consider reallocating:
• When one asset class is a certain percentage higher or lower than its original
representation in your portfolio. Your investments will swing up and down day-to-day
and week-to-week, so work with your fi nancial advisor to establish a benchmark for when
volatility may trigger a change in your investment makeup.
• At a set timeframe, such as quarterly, biannually or annually. Reviewing on a regular
schedule may help you avoid making an emotional decision during times of market
volatility.
• When you recognize a broad, persistent trend in the markets. For example, upward
trends in emerging markets’ performance or rising interest rates in the U.S. could affect
your portfolio or present an investing opportunity based on your goals.
• Because of changes in your own life. Major life events, such as marriage, divorce, the
birth of a child or grandchild, or deciding on a retirement date, may require you to adjust
your investments so they align with your new priorities. For example, if you decided
to retire early you may want to reduce your exposure to risk in case the markets dip
before your retirement date. This could mean shifting a portion of your portfolio into more
conservative investments.
Be aware of tax ramifi cations: Even if you hold investments in a variety of accounts,
consider assessing all of your holdings as one portfolio to determine if you need to
rebalance your assets. Be aware that if you sell positions in taxable accounts, you may
incur taxable gains. If you make changes within a tax-advantaged account (such as IRAs
or a workplace retirement plan), you may be able to avoid any current tax implications
from the rebalancing process.
Mark Greaney is a Financial Advisor with
PacWest Wealth Partners, an advisory practice
of Ameriprise Financial Services, Inc. in Bend,
Oregon. He specializes in fee-based fi nancial
planning and asset management strategies and
has been in practice for 17 years. Contact Mark
at www.PacWestWealthPartners.com, or call him
at 541-382-2354. Mark is located at 35 NW
Hawthorne Avenue, Bend, OR.
Ameriprise Financial and its affi liates do not offer tax or legal advice. Consumers should consult with their
tax advisor or attorney regarding their specifi c situation. Investment advisory products and services are
made available through Ameriprise Financial Services, Inc., a registered investment adviser. Ameriprise
Financial Services, Inc. Member FINRA and SIPC. © 2018 Ameriprise Financial, Inc. All rights reserved.
