Tools Are Great for Father's Day – and for Investors

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If you are a dad, you may well be pleased to unwrap some tools as Father's Day gifts. Of course, it might be a stereotype that all men are handy at repairs; women certainly can be every bit as good when it comes to building and fixing things. In fact, the construction process is valuable for anyone to learn – and the same skills that go in to creating and mending physical objects also can be applied to financial projects – such as working toward a comfortable retirement.

Here are a few of those skills:

Diagnosing the challenge:
A good craftsperson knows that the first step toward accomplishing any outcome is to assess the challenge. So, for example, if you want to build some bookshelves right into the wall, you will need to locate the wall studs, determine if you have adequate space for the shelving you want and allow room for future expansion. Similarly, if you want to retire at a certain age, you need to consider the key variables: your current and future income (How much can you count on from your retirement plans?), where you will live (Will you downsize or relocate? Will you rent or own a house or condominium?) And what you will do as a retiree (Will you travel extensively or stick close to home? Will you do some type of work for pay or pursue your hobbies and volunteer?).

Assembling the right tools and materials: To put together your bookshelf, you will need the right tools – saw, hammer, drill, sander and so on – and the right building materials – plywood, nails, screws, glue, brackets, moldings and so on. And to work toward a comfortable retirement, you will also need the right tool – in the form of a long-term financial strategy, based on your specific retirement goals, risk tolerance and time horizon – along with the appropriate materials – the mix of investments you use to carry out that strategy. These investments include those you have placed in your IRA, your 401(k) or other employer-sponsored retirement plan, and those held outside your formal retirement accounts. Ideally, you want a diversified mix of investments capable of providing growth potential over time, within the context of your individual risk tolerance.



Review your work: Once you have finished your bookshelf, you occasionally may need to make some minor adjustments or repairs in response to slippage, cracks or other issues that can develop over time. As an investor, you also may need to tweak your financial strategy periodically and adjust your investment mix – not necessarily because something is broken, but to accommodate changes in your life, such as a new job, new family situation and new goals. Furthermore, over time, your risk tolerance may change, and this needs to be reflected in your array of investments..

Consequently, conducting an annual portfolio review with your financial professional should be a priority.

Tools are a big deal on Father's Day. But the construction-related tasks they represent, physically and symbolically, go beyond any one holiday and can be used by anyone interested in working toward a solid financial future.

This article was written by Edward Jones for use by your local Edward Jones financial advisor. Courtesy of Rob Adams, 71 Main Street, North Adams, MA 01247, 413-664-9253.. Edward Jones, its employees and financial advisors cannot provide tax or legal advice. You should consult your attorney or qualified tax advisor regarding your situation. For more information, see EdwardJones.com.

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North Adams Happenings: Oct. 23-29

SAVE THE DATE
NOVEMBER 2nd - Masquerade at Greylock WORKS
On November 2nd, three weeks before FESTIVE, come to gWorks to dance in disguise at our MASQUERADE Halloween costume party! Doors open at 8pm !
Celebrate your costume ingenuity with DJ BFG spinning seamless upbeat dance music within immersive theatrical lighting choreographed by LJ McZawa.
Whether you're coming out in a dramatic mask + your favorite party clothes or a full-body transformation, our local friends are joining in on the fun to motivate your creativity with Costume Themes and PRIZES.
https://www.facebook.com/events/406993753316580/
Wednesday 10/23
9:00 A.M. (FREE), SOCIAL, Open Hours UNO Community Center, 157 River Street, (413) 664-4612 More information.

10:00 A.M. (FREE), KIDS, Terrific Tots Playgroup The Family Center, 210 State Street, (413) 664-4821 More information.  


10:30 A.M. (FREE), PARENTING, Parenting Workshop: Surviving your Adolescents nbCC Conference Room, 61 Main Street, Room 213, (413) 663-7588 More information.  


11:30 A.M. (FREE), KIDS, Little Wonders Baby Playgroup The Family Center, 210 State Street, (413) 664-4821 More information. 

4:00 P.M. (FREE), FAMILY, Family Literacy Night Series The Family Center, 210 State Street, (413) 664-4821 More information.  


6:00 P.M. (FREE), WORKSHOP, Educator Open House North Adams Public Library, 64 Church Street, More information.

8:00 P.M. (FREE), GAMES, Trivia Night! Ramunto's, 67 Main Street, (413) 398-5152 More information.

Thursday 10/24
9:00 A.M. (FREE), SOCIAL, Open Hours UNO Community Center, 157 River Street, (413) 664-4612 More information.

10:00 A.M. (FREE), PARENTING, Kids Safety of America: Child Abuse and Neglect nbCC’s Conference Room, 61 Main Street, Room 213 More information.

4:00 P.M. (FREE), TUTORING, After School Program UNO Community Center, 157 River Street, (413) 664-4612 More information.

4:30 P.M. (FREE), CONVERSATION, Spaghetti Supper with Tom Bernard North Adams American Legion, 91 American Legion Drive More information.

4:30 P.M. (FREE), FAMILY, Dad and Family Time- Bowling and Pizza Night Valley Park Bowling, Curran Highway More information.

5:00 P.M. (FREE), SOCIAL, Octoberfest in The Airport Rooms TOURISTS Welcome, 915 State Road More information.

5:00 P.M. (FREE), BIKING, Halloween West End Bike Around Greylock School, 100 Phelps Ave More information.

6:00 P.M. (FREE), OPEN MIC, OPEN MIC The Parlor Cafe, 303 Ashland Street More information.

6:00 P.M. (FREE), INFORMATIONAL, Milton Hershey School Family Event: North Adams, MA Freight Yard Pub & Restaurant, 1 Furnace Street More information.

7:30 P.M. (FREE), WRITING, Fiction Writing Workshop [open house] Common Folk, 85 Main Street More information.

7:30 P.M. (FREE), BINGO, Musical Bingo at Mingo's Sports Bar and Grill 41 Roberts Drive More information.

8:00 P.M. ($15), COMEDY, Comedy Night w/ Andy Sandford HiLo North Adams, 55 Union Street More information.
Friday 10/25
10:30 A.M. (FREE), CONVERSATION, Coffee with a Cop MCLA Campus Center, 375 Church Street More information.

10:30 A.M. (FREE), PARENTING, Ages and Stages The Family Center, 210 State Street, (413) 664-4821 More information.

10:00 A.M. (FREE), KIDS, Drop-In Playgroup The Family Center, 210 State Street, (413) 664-4821 More information.

12:00 P.M. (FREE), SOCIAL, Open Hours UNO Community Center, 157 River Street, (413) 664-4612 More information.

7:00 P.M. (FREE), MOVIES, Halloween cartoon movie night MCLA Freel Library, Blackinton Street More information.

7:00 P.M. (By Donation), CRAFTING, Knitting Nights with Common Folk Common Folk, 73 Main Street More information.

7:00 P.M. ($1 and up), GAMES, BINGO! North Adams Elks 487 Lodge, 100 Eagle Street, (413) 664-9039 More information.

7:00 P.M. ($12 adv, $15 at the door), CONCERT, Gregory Douglass LIVE at HiLo North Adams HiLo North Adams, 55 Union Street More information.

8:00 P.M. (Prices vary, click link for details), THEATER, Miss Julie MCLA Theatre, 375 Church Street More information.

9:00 P.M. (FREE), MUSIC, Karaoke Friday! State Street Tavern, 167 State Street, (413) 664-9152 More information.
Saturday 10/26
9:00 A.M. (FREE), CLOTHING DRIVE, Winter Clothing Drive First Baptist Church of North Adams, 131 Main Street More information.

10:00 A.M. (FREE), GARDENING, Gardening Program UNO Community Center, 157 River Street, (413) 664-4612 More information.

12:30 P.M. (Child $5, Adults $8, Family $25), FUNDRAISER, AYJ Fund Children's Princess Concert MCLA Church St Center, 375 Church Street More information.

3:00 P.M. (Cost of Admission), ART, Opening Reception: Sarah Oppenheimer, Jenny Holzer, and ERRE MASS MoCA, 1040 MASS MoCA Way More information.

6:00 P.M. (FREE), CONCERT, Fall Foliage Sunset Serenade - Jessica Gregory Wilson Wigwam Western Summit, 2350 Mohawk Trail More information.

8:00 P.M. (Prices vary, click link for details), THEATER, Miss Julie MCLA Theatre, 375 Church Street More information.

8:00 P.M. ($12 adv, $15 at the door), CONCERT, Misty Blues HiLo North Adams, 55 Union Street More information.

8:00 P.M. (Prices Vary, see link for details), CONCERT, Jenny Scheinman & Allison Miller’s Parlour Game MASS MoCA, 1040 MASS MoCA Way More information.
Sunday 10/27
2:00 P.M. (Prices vary, click link for details), THEATER, Miss Julie MCLA Theatre, 375 Church Street More information.

7:00 P.M. ($20 adv, $25 day of), CONCERT, Jeffrey Foucault HiLo North Adams, 55 Union Street More information.
Monday 10/28
5:00 P.M. (FREE), WORKSHOP, ROOTS Volunteer Training ROOTS Teen Center, 43 Eagle Street More information.

5:00 P.M. (FREE), BIKING, nbCC Bike Collective The Armory, 206 Ashland Street More information.

6:00 P.M. (FREE), WORKSHOP, Communications Career Panel Bowman Hall - MCLA, 375 Church Street More information.
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