T
THE EMAIL OF THE WHEEL
ROTARY CLUB OF PORT ARTHUR
MEETING OF OCTOBER 20, 2011
DISTRICT NO. 5910 CHARTER NO. 147
THOUGHT FOR THE WEEK
If you would be wealthy, think of saving as well as getting.
Benjamin Franklin
UP FRONT
President Craig Noble presided over the October 20th meeting. The invocation and pledge to the U.S. and Texas flags were led by Edgar Cheshire. Janie Johnson introduced our visiting guests. Past President Bill Coons gave the attendance report and led the club in singing "America the Beautiful". President Elect George Newsome gave us the Rotary Minute. Past President Clayton Salter mentioned anniversaries of Rotarians from a couple of weeks since he was gone; Ron Arceneaux, Mike Hebert, Past President Dan Wingate, Past President Bill Worsham, and Past President Bill Coons.
FRIENDSHIP DOLLAR
Bill McCoy had the Friendship Dollar and gave it to Past President Bill Coons.
GUESTS
Jocie Prando (Fiancée' of Past President Perry Snell, and Dale Westendorf(guest of Past President J.T. Beckman).
SPECIAL ANNOUNCEMENTS
Good news was reported by Past President Jeff Hayes, and Past President Floyd Marceaux.
President Craig Noble presented Bill McCoy and Edgar Cheshire with their badges. Congratulations!
Our Rotary Club is distributing dictionaries to every third grade student in Port Arthur. the dictionaries are different every year. The Rotary seal and the 4-Way Test is on the front and our financial supporter is Motiva. Their sticker is on the back of the dictionary. On October 27th at 2:15, Lee Elementary will be presented with their dictionaries. All activities are at the museum. When they come to the museum, they will have a hands on experiences, view the Cruisin’ the Fossil Freeway exhibit, hands on activities.
Past President Ray Depwe gave an update of his health status to the membership.
MAKE UP LOCATIONS
MONDAY
North Port Arthur at Southeast Texas Medical Center at noon.
TUESDAY
Beaumont-Spindletop at Elegante’ Hotel at noon. Port Neches and Groves have combined and they meet at the Pompano Club at noon. Orange meets at the Sunset Groves Country Club at noon.
WEDNESDAY
Beaumont-Downtown meets at the Elegante’ Hotel.
THURSDAY
Bridge City at the Community Center at noon.
FRIDAY
Nederland meets at the Pompano Club at noon. Remember you can make up on the Internet at www.rotaryeclubone.org. You can make up 2 weeks before or 2 weeks after. Please visit our website at www.portarthurrotary.org in your spare time.
OCTOBER 27 PROGRAM
Past President J.T. Beckman, Program Chairman for the month of October, has invited the following speaker for October for our next meeting:
FELLOW ROTARIAN MATT CROSS, LAMAR PORT ARTHUR SEAHAWKS BASKETBALL COACH
FINANCIAL INFORMATION PRESENTED BY VAUGHN
Past President J.T. Beckman, Program Chairman for the October, introduced Charles Vaughn as our guest speaker. Mr. Vaughn is a native of Port Arthur and graduated from Thomas Jefferson High School. He received a degree from Texas A&M and has lived in Dallas, Houston, Austin, and returned to the Golden Triangle in 1993. Mr. Vaughn is an Investment Advisor Representative for Safe Harbor Estate and Retirement Planners in Beaumont. Mr. Vaughn showed us a dollar which represents your entire retirement stages. Uncle Sam wants one part as well; inflation, health care and Medicare costs, etc. Taxes and inflation are often the biggest threats. Now, there is a new threat and Mr. Vaughn said that is health care costs. Medicare will probably be cut back and it will be more and more out of our pockets. Mr. Vaughn said that more and more doctors will probably be dropping out of Medicare. Mr. Vaughn said a couple reaching the age of 65, it is going to take about $305,000 to meet their health care costs according to the Employee Benefit Research Institute and the couple are both healthy. If they retire in 2018, it will cost the couple $511,000 because of medical inflation and paying more and more out of your pocket. Another threat would be if you are put in a nursing home. Medicare will not pay for your nursing home costs. If you put in a nursing home, you could get long-term health insurance. Another alternative is reverse mortgage or life insurance. You can also get Medicaid Planning.