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About Hermiston herald. (Hermiston, Or.) 1994-current | View Entire Issue (April 15, 2015)
BUSINESS WEDNESDAY, APRIL 15, 2015 A4 HERMISTONHERALD.COM Send submissions or story ideas for the Herald Business page to Editor Jessica Keller, jkeller@hermistonherald.com Resetting your retirement after divorce R etirement planning can face derailment after a divorce. Married, two-income couples have the advantage of splitting living expenses and pooling all their investment assets, including retirement accounts. Once the marriage is over, costs for separate households may limit the ability of ex-spouses to keep their retirement on track. After a divorce, individuals generally walk away with a share of joint retirement assets based on how they negotiate that split. However, returning to singlehood means the end of shared expenses with housing, food, transportation and related expenses now being paid out of one wallet, not two. This can mean considerably less money to direct toward retirement and other savings and investments. To assure a comfortable retirement, many experts advise individuals to save and invest over time so they can live annually on at least 70 percent of their pre-retirement income. Divorcing couples should UHWDLQVHSDUDWHTXDOL¿HG ¿QDQFLDOH[SHUWVWRDVVXUH an equitable split of assets and a continuing plan to build a solid retirement in single life. Here are a few steps to reset one’s retirement goals after divorce. Gather a personal ¿QDQFHWHDP,W¶VDJRRG LGHDWRKLUHD¿QDQFLDO professional to offer advice RQDOOUHOHYDQW¿QDQFLDO investment, tax, estate and retirement details of a divorce negotiation. Afterward, individuals may continue with these advisors or interview new ones. Personal referrals are best, but the following resources may help: 7KH&HUWL¿HG3ODQQHU Board of Standards • The Association for Financial Counseling and Planning Education • The Financial Planning Association • Your state CPA society Budget. Spending priorities can change after a divorce. Newly divorced spouses should track all new spending diligently so they can reset their budget for retirement. (http://www. practicalmoneyskills.com/ UHWLUHPHQWFDOF4XDOL¿HG JASON ALDER0AN MONEY MATTERS Visa columnist ¿QDQFLDODGYLVRUVFDQ help review a divorcing individual’s budgeting strategy to make sure as much money goes to savings as possible. Evaluate all retirement assets. When divorce LV¿QDOL]HGLWLVDZLVH idea to take inventory of all retirement assets to determine whether they VWLOO¿WLQYHVWPHQWJRDOV,I one’s 401(k) or employer plan administrator does not have a calculator to help estimate how accounts will grow under certain investment scenarios, refer to Bankrate.com’s various retirement calculators for help. Review Social Security EHQH¿WV0RVWH[SHUWV urge individuals to wait as close to age 70 as possible to start drawing their 6RFLDO6HFXULW\EHQH¿WV Check the Social Security Administration’s Delayed 5HWLUHPHQW%HQH¿WV page (http://www.ssa. gov/retire2/delayret.htm) for a discussion of how and when to start taking payments. Also keep in mind that retirees married 10 years or longer who have stayed single may be entitled to Social Security EHQH¿WVRQWKHLUH[ spouse’s record if they meet certain requirements. Be honest about new ¿QDQFLDOOLPLWDWLRQV,ID serious retirement shortfall emerges after divorce, it’s LPSRUWDQWWRUHVHW¿QDQFLDO priorities. That may mean speaking with family members about necessary cutbacks in certain expenses. It is important to have retirement in the best shape possible to avoid stress on IDPLO\¿QDQFHVODWHU Bottom line: The SHUVRQDODQG¿QDQFLDO disruption caused by divorce can make it easy for newly single individuals to neglect their retirement planning. It is important to seek advice and take all necessary steps to keep one’s retirement on track. — Jason Alderman GLUHFWV9LVD¶V¿QDQFLDO education programs. To Follow Jason Alderman on Twitter: www.twitter.com/ PracticalMoney O So Kleen welcomes new local employee O So Kleen in Herm- iston welcomed a new team member, Johnny Kayembe, recently. Ac- cording to a press release, O So Kleen owners are pleased with the hire be- cause Kayembe challeng- es them to improve new ideas, professionalism and customer service. Kaymebe is described as one of the “most honest and friendly people” by his cowork- ers. Kayem- be, a carpet cleaning Kayembe t e c h n i c i a n and water technician journeyman, is a Hermiston native who enjoys traveling, playing basketball, mixed-martial DUWV¿VKLQJDQGSRRO SEAN HART PHOTO The Cell Fix owner Albin Presley stands in front of the many cell phone and tablet accessories at the business Monday. The Cell Fix provides same-day repairs on phones, tablets and MP3 players. THE CELL FIX New Hermiston business provides same-day phone, tablet repairs BY SEAN HART HERMISTON HERALD Fixing a broken cell phone can be much less expensive than replacing it, and a new business in Hermiston can complete many repairs the same day. Owner Albin Presley said he was excited to open The Cell Fix in the Hermiston Plaza. The business opened Thursday, and Presley said it’s already doing well. Presley opened The Cell Fix in La Grande a little more than two years ago and wanted to expand to offer repairs in Hermiston. “We just looked at ex- panding the business and with Hermiston being a fast-growing town with a lot going on and there be- ing no repair business here, we picked Hermiston,” he said. “I think it’ll do great. People walking in are hap- py to have something in town. I’m really happy with what’s going on and the amount of people we’ve got coming in. I don’t think we can do anything but grow and get bigger.” Presley said the location near Subway in the Herm- iston Plaza has a lot of foot WUDI¿F DQG PDQ\ SHRSOH have stopped in during his ¿UVWZHHNLQ+HUPLVWRQ2Q Monday, he said the busi- ness repaired four iPhones. “We try and do same-day repair on almost everything we do,” he said. The Cell Fix repairs phones, tablets and MP3 SEAN HART PHOTO The Cell Fix employee Brian Thomas, 27, Hermiston, repairs an iPhone 6 Monday at the new business in the Hermiston Plaza. The Cell Fix is open from 10 a.m. to 7 p.m. Mondays through Fridays and from 10 a.m. to 5 p.m. Saturdays at 824 S. Highway 395. The Cell Fix What: Same-day cell phone and tablet repairs; accessory sales; buy, sell and trade used and reconditioned cellphones and electronic tablets When: 10 a.m. to 7 p.m. Mondays through Fridays and from 10 a.m. to 5 p.m. Saturdays Where: 824 S. Highway 395, near Subway in the Hermis- ton Plaza Contact: 541-303-1542, www.thecellfix.com players and buys, sells and trades used and recondi- tioned phones and tablets. The business also offers a wide variety of accessories, including cases, cords and batteries. Presley said replacing screens is the most frequent repair. “It’s just a matter of tak- ing the phone apart and put- ting it back together (with a new screen),” he said. “Each one’s a little bit different. An iPhone 5 will cost about $100. If you have to buy the phone outright, you’re go- ing to pay $500 or $600.” Presley said The Cell )L[FDQDOVRWU\WR¿[OLTXLG damage, but, unlike other repairs, he cannot guaran- tee the results because the extent of the damage varies. He said people should con- sult a repair shop with liquid damage because other reme- dies are less effective. “The best thing to do is to not turn it on, take the bat- tery out, if possible, and take it to a repair store as quick as you can, so they can get it taken apart, cleaned out and dried out,” he said. “The biggest fairy tale is putting it in a bag of rice. It doesn’t work. It doesn’t have the ability to pull the moisture out of the phone.” Presley learned about re- pairs at a school in Phoenix, and he takes ongoing train- ing online. He said he will be training his three-person staff during the next six to eight months while the Hermiston business is estab- lished. Presley, 58, said he en- joys the new career he start- ed a few years ago. “I was a building contrac- tor and got tired of traveling all over for work,” he said. “I researched businesses, and this is the one we picked as an up-and-coming busi- ness. A lot of people don’t know (cell phones) can be ¿[HG,W¶VEHHQIXQOHDUQLQJ something new.” The Cell Fix is open from 10 a.m. to 7 p.m. Mondays through Fridays and from 10 a.m. to 5 p.m. Saturdays at 824 S. Highway 395 in the Hermiston Plaza. BUSINESS BITES Conagra Foods to host hiring event Job opportunities with ConAgra Foods in Boardman and Hermiston will be available at a hiring event from 10 a.m. to 3 p.m. Monday at the SAGE Center, 101 Olson Road, Board- man. ConAgra Foods is hiring at Hermiston and both Boardman Lamb Weston potato plants, Morrow Cold Storage and Watts operators, lab technicians and heavy laborers. Event attendees should be ready for interviews and must also apply online at www.cona- grafoodscareers.com. Brothers Re-Pack Facility for positions including general la- borers, sanitation, lift truck op- erators, ADR operators, hand- packers, mechanics, packaging HermistonHerald VOLUME 109 ɿ NUMBER 24 JESSICA KELLER EDITOR jkeller@ hermistonherald.com 541-564-4533 Auction, sidewalk sale Saturday Elephants Trunk Antiques will be hosting an auction, and other downtown Stanfield busi- nesses will be having sidewalk To contact the Hermiston Herald for news, advertising or subscription information: • call 541-567-6457 • e-mail info@hermistonherald.com • stop b\ our of¿ces at 333 E. 0ain St. • visit us online at: www.hermistonherald.com SEAN HART REPORTER smhart@ hermistonherald.com 541-564-4534 SA0 %AR%EE SPORTS REPORTER sbarbee@ hermistonherald.com 541-564-4542 sales from 8 a.m. to 4 p.m. Sat- urday on Coe Avenue in Stan- field. Elephants Trunk will be auc- tioning remaining inventory and items included in the es- tates of former owners Davie Stephens and David Meyers be- ginning at 10 a.m. Chamber 101 session planned The Hermiston Chamber of ANNUAL SUBSCRIPTION RATES Delivered by carrier and mail Wednesdays and Saturdays Inside 8matilla0orrow counties .........................$42.65 Outside 8matilla0orrow counties ......................$53.90 JEANNE JEWETT MULTI-MEDIA CONSULTANT jjewett@ hermistonherald.com 541-564-4531 Commerce will host a Cham- ber 101 informational session to explain how to maximize member benefits from 3:30 p.m. to 4:30 p.m. Wednesday at the Hermiston Conference Center, 415 S. Highway 395. The event is free for cham- ber members and $20 for non-members, who can learn about the benefits of mem- bership. For more information or to R.S.V.P., call 541-567- 6151. The Hermiston Herald (USPS 242220, ISSN 8750-4782) is published twice weekly at Hermiston Herald, 333 E. 0ain St., Hermiston, OR 97838, (541) 567-6457, FAX (541) 567-1764. Periodical postage paid at Hermiston, OR. Postmaster, send address changes to Hermiston Printed on Herald, 333 E. 0ain St., Hermiston, OR 97838. recycled newsprint A member of the EO 0edia *roup Copyright 2015 KI0 LA PLANT OFFICE COORDINATOR klaplant@ hermistonherald.com 541-564-4530