Page 80 The Dispatch/Maryland Coast Dispatch July 12, 2013 MONEY SENSE Giving BackWhile Getting Away OCEAN CITY – Retired Ameri- plan to stay in one place for several cans are proving to be extremely weeks, you may want to set up a logenerous, and their generosity ex- cal bank account. That way you can tends far beyond money. They're have the funds you'll need to cover giving their time and experience in a your living expenses. very hands-on way to the causes "Since currencies fluctuate in valthey care most about. ue, it's a good idea to arrange for In fact, they have the highest vol- periodic transfers of money rather unteer rate of any age group – and than a lump sum," says Bill Hunter, any generation before them, ac- director of Personal Retirement Socording to Keeping Baby Boomers lutions for Bank of America Merrill Volunteering, a report by the Cor- Lynch. Also, if you're going to be poration for National and Com- away for a month or more, you'll munity Service. need to make financial arrangeTheir desire to make a difference ments to cover expenses at home has also had a big impact on how and abroad. "You'll have to continue they vacation. A safari, for to maintain your home instance, may include a and to pay property taxes week's stay at a sanctuary and homeowner's insurto bottle-feed orphaned ance as well as your utility lion cubs. A trip to legbills while you're gone." endary Machu Picchu Depending on where could extend to several you're traveling and what months' work helping to activities you'll be build schools in the Andes engaged in, you may also Mountains. want to set aside ex-tra Retirees who take on money to cover emersuch projects are finding a gency medical evacuation warm reception for their insurance. For those alBRIAN SELZER efforts, particularly in such ready retired, the timing of countries as Japan and India, which when you take extended travel can traditionally treat experience and be critical. age with reverence. "The market conditions under "Volunteers over 50 often have which you make withdrawals from an easier time integrating into the your retirement accounts in early communities they're assisting," says retirement can make a huge differDoug Cutchins, one of the authors ence," Hunter says. "If the market is of Volunteer Vacations: Short-Term having a bad year, you'll want to try Adventures That Will Benefit You to withdraw less" or at least slow and Others. your withdrawals in subsequent Many volunteer vacations sound years so that your assets have a alluring on paper, but midway through chance to recover. And make sure a backbreaking archeological dig you the cost of a volunteer vacation is in may have second thoughts. line with your long-term spending As you research volunteer vacastrategy, he says. "It's natural to tion opportunities, consider how spend more in your early retirement many hours a day you want to work, years, but you also have to look the length of time you want to volundown the road and anticipate higher teer, the amount of physical labor spending later in life due to increasyou're willing to perform, and the ing health care costs." age range of the people you'll be Your financial advisor can help volunteering with, so you can find you create a thoughtful strategy for the best fit for yourself. Talking with others who have managing your income needs durgone through the experience can ing your volunteer vacation, without help you get a better sense of each jeopardizing your future security – Brian Selzer opportunity. Organizations should Special To The Dispatch be eager to give you the names of past participants for reference, says (A Merrill Lynch Wealth ManageCutchins. ment Advisor who can be reached at If you're traveling abroad and you 410-213-8520.) ✬✡ OC JAMBOREE OC JAMBOREE At The OC Jamboree In West Ocean City Four-time Academy of Country Music Award-Winner and 1980 Country Music Association Vocal Duet of the Year Award-Winner MOE BANDY has announced that he will perform two shows in West Ocean City as part of his tour swing. ✮✩✬✲¤✎✮✪❙✬✭✚✬¤✌❙¤v✚✩✜✲ ✬✡ €¤✖❙✬✢✬5¤✡✩ ✑❙✭¤❖✛❙✚✩¤✤✲ JULY 18 •2 SHOWS AT 2 P.M. AND 7 P.M. Bandy’s career in country music has spanned over 30 years during which time he has recorded 35 albums that produced over 60 chart hits for him. His career skyrocketed to stardom in the late ’70s and early ’80s with chart-topping hits that included “It’s A Cheating Situation,” “Bandy The Rodeo Clown” and “Till I’m Too Old To Die Young,” as well as the classic song that he named his Branson Theater after – “Americana.” Since 1992, he has been performing at his own theater in Branson, Mo. This concert will feature not only MOE BANDY but his award-winning “AMERICANA BAND.” ✘✿✿✸❙¤✘❙❍¤✚❀❙❙✼✸¤✛❊❅✼’ Home Of The Heavyweights Philly-Style Cheesesteaks & Hoagies Delivery Available OPEN MONDAY THRU SATURDAY, 7 A.M.-8 P.M. Reservations Are Strongly Urged Reservations Are Available At 410-213-7581 Or Online At www.ocjam.com THE OC JAMBOREE Route 611 And 12600 Marjan Lane Ocean City, Md. TICKETS ON SALE NOW FOR $35 All seating is reserved, theater style and strictly limited on a first-come basis. 410-213-7581 www.ocjam.com dave@ocjam.com 410-742-0094 106 TRUITT ST. SALISBURY, MD. 21804 Free Fries ($2 VALUE) WITH PURCHASE OF REGULAR-PRICED SUB MUST PRESENT COUPON • MCD AUG. 1: HEE HAW'S LULU ROMAN AUG. 23: REX ALLEN JR.'S BIRTHDAY PARTY BASH SEPT. 28: THE PACK IS BACK (RAT PACK) • OCT. 18: BRANSON ON THE ROAD