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North Adams Happenings: Jan. 29-Feb. 4

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SAVE THE DATE
February 5 - EforAll Berkshire County-All Ideas Pitch Contest!
Where entrepreneurs "showcase" and "pitch" their business ideas to an audience of community members and friends! Join us at The Green, a conference center in North Adams.   More information.

February 8 - Benefit for The Families of Edmund St Fire
There will be a fundraiser event on Feb 8th, 3-7pm at the Greylock Community Club in North Adams to benefit the families affected by the house fire on Edmund St in Adams last month. Please come show your support, and enter to win amazing prizes! More Information.

February 8 - TEDx North Adams
In the spirit of ideas worth spreading, TEDx is a program of local, self-organized events that bring people together to share a TED-like experience. Tickets are $45 each.
TEDxNorthAdams 2020 Speakers: Judy Butler - Preparing for death, Mary Cheyne - Healthy Head space, Otha Day - Music + Empathy, Renee Dineen - Mental Re-framing, Briee Della Rocca - Listening / Communications, Dylan Lundgren - Recovery, Aaron Oster - Food / Team building, Andres Ramirez - Misconceptions on Hip-hop, Michael M. Smith - The Do-Over, Craig Stanland - Self-worth / Prison  More information

February 15 - Annual WinterFest!
All events are FREE to the public. Vendor fees apply for Winterfest Farmer & Artisan Market. (Location TBD.)
Events will include farmers market, annual chowder cook-off, ice sculpting, horse-drawn wagon rides, s'mores, and more. Stay tuned for details!
Thank you to our sponsors! We couldn't do this without you!
North Adams Tourism, Greylock Federal Credit Union, MountainOne, First Hartford Corporation, Moresi Real Estate Partners, Scarafoni Associates/ CT Management Group, and The Green. More Information
Wednesday 1/29
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. 


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

5:00 P.M. (FREE), TEENS, nbCC's Teen Writing Workshop  nbCC Conference Room, 61 Main Street, (413) 663-7588 More information.

5:00 P.M. (FREE), WORKSHOP, The Plastic Crisis UNO Community Center, 157 River Street, (413) 663-7588 More information.

6:00 P.M. (FREE), WORKSHOP, Let's Write... UNO Community Center, 157 River Street More information.

6:00 P.M. (FREE), MEET & GREET, Solarize Mass Plus Meet-up PUBLIC Eat+Drink, 34 Holden Street More information.

8:00 P.M. (FREE), MUSIC, Open Mic at HiLo with Chris Lynch HiLo North Adams, 55 Union Street More information.

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

Thursday 1/30

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


10:30 A.M. (FREE), WORKSHOP, Budgeting 101 - Parent Workshop Series nbCC offices Room 213, 61 Main Street, (413) 664-4612 More information.
 

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

5:30 P.M. (FREE), LECTURE, MCLA's Green Living Lecture Series: “Plastics in the Environment: Separating Myth from Reality,” MCLA Feigenbaum Center, RM 121, 375 Church Street, 413.662-5303 More information.

7:00 P.M. ($5/members, $10/non-members), KIDS, Open Gym Night J Star Gymnastics, 69 Union Street More information.

7:00 P.M. (FREE), MUSIC, Mary Ann Palermo & First Take - In Residence HiLo North Adams, 55 Union Street More information.

Friday 1/31
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.

5:00 P.M. (FREE), FOOD, Free Monthly Community Dinner Living Hope Community Church,45 River Street, (413) 662-2260 More information.

6:00 P.M. ($1 and up), GAMES, BINGO! North Adams Elks 487 Lodge, 100 Eagle Street, (413) 664-9039 More information.

8:00 P.M. ($10 advance/ $15 door), MUSIC, Bill Chapman Trio featuring Wanda Houston HiLo North Adams, 55 Union Street More information.

9:00 P.M. (FREE), MUSIC, Karaoke Friday! State Street Tavern, 167 State Street, (413) 664-9152 More information.
Saturday 2/1
8:30 A.M. to 3:30 P.M. (FREE), SPORTS, MCLA Celebrates National Girls and Women in Sports Day! MCLA Campus Gym, 375 Church Street More information

9:00 A.M. (FREE), MARKET, Indoor North Adams Farmers Market The Green, 85 Main Street More information

6:30 P.M. (FREE to MASS MoCA Members), TALK, Cocktails with Curators: Susan Cross on Ledelle Moe MASS MoCA, 1040 MASS MoCA Way, (413) 662-2111 More information.

8:00 P.M. ($20 - $70), MUSIC, Vuyani Dance Theatre Cion: Requiem of Ravel’s Boléro Co- MASS MoCA, 1040 MASS MoCA Way, (413) 662-2111 More information.

8:00 P.M. ($12 advance/ $15 at door), MUSIC, Harvest and Rust - Neil Young Tribute Band HiLo North Adams, 55 Union Street More information.
Sunday 2/2
9:30 A.M. to 1:00 P.M. (FREE), SPORTS, MCLA Celebrates National Girls and Women in Sports Day! MCLA Campus Gym, 375 Church Street More information

2:00 P.M. (FREE), POP-UP, Pop-Up Shop Galentine's Day! Clark Biscuit Apartments, 191 Ashland Street More information.

6:00 P.M. (FREE), SPORTS, Super Bowl Party! VFW Post 996 North Adams, 573 Mohawk Trail, More information.

6:00 P.M. (FREE), SPORTS, Watch the Sportsball game! HiLo North Adams, 55 Union Street, More information.
Monday 2/3
5:00 P.M. (FREE), WORKSHOP, Pedal N' Wrench Bike Collective Open Hours North Adams Armory, 206 Ashland Street, More information.
 

5:00 P.M. ($10), CRAFT, Doodle-A-Pint Bright Ideas Brewing, 111 MASS MoCA Way, (413) 346-4460 More information.

Tuesday 2/4

10:30 A.M. (FREE), KIDS, Toddler Story Time North Adams Public Library, 74 Church Street, (413) 662-3133 More Information

3:30 P.M. (FREE), KIDS, Preschool STEM Group The Family Center, 210 State Street, 413-664-4821 More Information

3:30 P.M. (FREE), KIDS, After-school Story Time North Adams Public Library, 74 Church Street, (413) 662-3133 More Information

5:00 P.M. (FREE), TEENS, nbCC's Youth Leadership Program  nbCC Conference Room, 61 Main Street, (413) 663-7588 More information.

6:00 P.M. ($5-10 Suggested Donation), MUSIC, Tuesday Tunes  Bright Ideas Brewing, 111 MASS MoCA Way More information.

6:30 P.M. (FREE), TUTORING, After School Program UNO Community Center, 157 River Street, (413) 664-4612 More information.

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Managing Withdrawals Carefully Can Protect Retirement Income

Submitted by Edward Jones

Throughout much of your working life, you contribute to your 401(k), IRA and other investment accounts to help ensure a comfortable retirement. However, once you do retire, you will need to shift your focus somewhat from building these investments to using them – in other words, you will have to start withdrawing from your portfolio to meet the costs of living. How can you be sure you are not taking out so much that you risk outliving your resources?

First of all, you need to establish a proper withdrawal rate – the percentage of your portfolio's value needed for one year's worth of retirement expenses. Ideally, if you were to stick with this rate, your portfolio would last as long as you do. Your withdrawal rate should be based on a number of factors, including your age, amount of assets, portfolio mix and retirement lifestyle. A financial professional can help you determine the rate that's right for you, but it's important to understand that this rate is a starting point since you will want to review your withdrawals each year to ensure they are still appropriate.

If the financial markets performed smoothly and predictably, year in and year out, any adjustments you make would likely be more modest. But, as you know, and as we all have been reminded the last several months, the markets are neither smooth nor predictable. Rather than constantly trying to change your withdrawal rate and spending in response to movements in the markets – which may be challenging if you have grown accustomed to a certain standard of living – you might be better off adopting a more conservative rate at the beginning of your retirement. For example, if you are in your mid-60s, you could start at a withdrawal rate of about 4 percent, which also assumes an increase in withdrawals (a "raise") of approximately 3 percent each year to incorporate inflation.  By starting at a more modest withdrawal rate, you would have some flexibility for those years in which the market drops significantly. And you could increase your chances of extending the lifetime of your portfolio.

But even if you started out with a conservative rate, you may need to review it during periods of extreme market movements. If, for instance, your portfolio were to fall 20 percent in one year, the 4 percent you had planned to withdraw would actually become 5 percent because you’re taking out the amount you had planned, but now it's from a smaller pool of money. If this happens, should you consider making an adjustment?

There's no easy answer. The amount you withdraw from your portfolio has a major impact on how long your money lasts. You will improve your likelihood of success if you are able to be flexible and make some spending adjustments – spending less on some of your discretionary items, for example, or not taking a "raise" until your portfolio recovers. Importantly, your financial advisor can help run different scenarios to determine if adjustments need to be made to ensure you remain on track

In any case, think carefully about your withdrawal rate. By managing it carefully, and reviewing it over time, you can take greater control over your retirement income.

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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