P n r tla n ò (0 b »tm e r July 29. 2 0 0 9 Page AS Vernon Art Promoting Multicultural Ties , Four Vemon Sun school children and a hand­ ful of dedicated local artists spent two days ear­ lier this month brightening up a drab comer of the school’s playground. Students, with some help from local artists Addie Boswell, Emily Tarleton, and Karlene Lusby, wrapped up a mural depicting a white child and an African American child holding a globe against the backdrop of an American flag. The project began as spring painting day last spring, where students from 25 classrooms de­ picted flags of other nations along the school’s surrounding wall. The concept behind the mural was formed by Addie Boswell, who is also a children’s book writer and illustrator. “1 have great faith in the imagination of chil­ dren and the importance of creativity,” she said. The painting projects are in line with the school’s International Baccalaureate Program, which incorporates children’s social, physical, emotional, and cultural needs into an academic program. “Watching our school community come to­ gether to complete this project has been ex­ tremely rewarding. 1 am grateful to be a part of such an amazing school and community. The best is yet to come,” added Tina Acker, the school’s principal. Vemon Sun School children and local artists create a mural on the northeast Portland campus. Managing our Money Save Now or Save Later? Most people have good in­ tentions about saving for retire­ ment. But few know when they should start and how m uch they should save. Sometimes it might seem that the expenses of today make it too difficult to start saving for tomorrow. It’s easy to think that you will begin to save for re­ tirement when you reach a more comfortable income level, but the longer you put if off, the harder it will be to accumulate the amount you need. The rew ards o f starting to save early for retirem ent far outw eigh the cost of waiting. By contributing even sm all am o u n ts ea c h m o n th ,,y o ji may be able to amass a great deal over the long term. One helpful method is to allocate a specific dollar am ount or percentage of your salary ev­ ery m onth and to pay your­ self as though saving for re­ tirem ent were a required ex­ pense. H e re ’s a hypothetical ex­ ample o f the cost o f waiting. Two friends, Chris and Leslie, want to start saving for retire­ ment. Chris starts saving $275 a month right away and con­ tinues to do so for 10 years, after which he stops but lets his funds continue to accu ­ mulate. Leslie waits 10 years before starting to save, then starts saving the same amount on a monthly basis. Both their accounts earn a consistent 8 percent rate o f return. A fter 20 years, each w ould have contributed a total o f $33,000 fo r r e tir e m e n t. H o w e v e r, L e s l i e , the p ro c ra stin a to r, w ould have accu m u lated a total of $50,646, less than half of what Chris, the early starter, w ould have accum ulated at $112,415. This example makes a strong case for an early start so that you can take advantage of the power of compounding. Your contributions have the poten­ tial to earn interest, and so does your reinvested interest. This is a good example of letting your money work for you. If you have trouble saving money on a regular basis, you m ight try savings strategies that take money directly from your paycheck on a pre-tax or after-tax basis, such as em ­ ployer-sponsored retirem ent plans and other direct-payroll deductions. Regardless of the method you choose, it’s extremely important to start saving now, rather than later. Even small amounts can help you greatly in the future. You could also try to increase your contribution level by 1 percent or more each year as your salary grows. Financial A dvisor Rick L. Lee, CRPC, can be reached at 5 0 3 -5 3 9 -8 9 9 4 or pro_w ealthm gnt@ w vi.com . Scholar to Teach in India demic disciplines, particularly with regard to an increased fo c u s on In d ia and o th e r South Asian nations. "I would like to see PCC en­ rich its curricula relating to South Asia," he said. "We are strong on C hina, but India Portland Com m unity C ol­ will soon have more people le g e p r o f e s s o r M ic h a e l than China. I expect to infuse Sonnleitner has been chosen m ore S o u th A sian stu d ie s for a Fulbright Teaching Fel­ Michael Sonnleitner low ship - the only com m u­ the tw o schools. Once he re­ content into my political sci­ nity college instructor in the turns, he intends to use his ence courses, and, perhaps, ex p erience to co n tribute to even create a new political nation to be picked. S o n n leitn er, a sc h o la r of PCC's effort to international­ scien ce c o u rse fo cu sed on M ohandas “ M a h a tm a ” ize its curricula across the aca- South Asia." Gandhi, will join 25 other lec­ turing Fulbright fellows going to India for the 2009-10 school year. He will spend about six months teaching at St. T ho­ mas College, which is in the southern state of Kerala, bor­ dering the Arabian Sea. Sonnleitner said he is look­ ing forw ard to the o p p o rtu ­ nity to build institutional ties between PCC and St. Thomas C o lle g e , w h ic h he h o p e s might someday lead to further cultural exchanges betw een Promoting cultural exchanges Peninsula Little League Coach and Portland Observer Public Relations Manager Mark Washington (left) was honored as Coach of the Year by the Portland Beavers and the group Friends o f Baseball during a recent Beavers game at PGE Park. Also pictured (from left) Beaver mascot ‘Lucky, ’ and Keenan Longcor and Ben Longcor o f Friends of Baseball. Coach of the Year P o rtland O b serv er P ublic R elatio n s M anager Mark W ashington was honored recently by the P o rtland B eavers and F riends o f B aseball w ith th e ir annual “Coach of the Year” award for his tireless w ork as a coach w ith P eninsula L ittle League. Mary Dunn, Peninsula president, said that Washington consistently goes the extra mile to make sure the league is a success. “H e’s constantly prom oting the base­ ball in his community, getting new kids signed up, and roping in sponsors," she said. “He really puts everything into it.” W ashington said he hopes that base­ ball will help steer them on the right path and keep them out of trouble. “I just want to help kids,” he said. Platinum Fade S A L O N Volunteer Tutors Needed A group that brings older resi­ dents together to enrich lives and strengthen communities is recruiting volunteers to serve as tutors to make a difference in a young person's life. T he O A SIS Intergenerational Tutoring Pro­ gram helps students become more confident learners. 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