1. Skip to navigation
  2. Skip to secondary navigation
  3. Skip to content
  4. Skip to sidebar


Primary Navigation



Increase Font Size Decrease Font Size Print Page Contact Malone University

Planner

Header

In This Issue of The Planner: No Matter How Young You Are ... planning is a good thing!

If you are in your early 40s with decades away from retirement—and still in the midst of child-rearing—it's good to plan on naming a guardian for your minor children, to begin retirement investments.

Or, if you are in your mid-50s, working toward retirement—but yet enjoying an active full-time work life—it's great to plan for your income needs and goals at retirement.

If you are enjoying your 60s and later years, planning for longer-term health care and maximizing your family wealth assets may be considered.

In Psalm 40: 5 (NIV), the Word tells us: "Many, O Lord, my God, are the wonders you have done. The things you planned for us no one can recount to you..."

So, in this issue, no matter how young you are ... please enjoy the "planning-ahead" articles from Jim Miller and Professor Emeritus Charles B. Cureton, Ed.D. And, the planning ahead discussed in our feature story of Earl L. Stockert. Please let us know what you think.

He Took His Mother's Advice: To Share and To Make Friends

Introducing...Earl Loren Stockert

Donor

"He has made everything beautiful in its time." –Ecclesiastes 3:11 (NIV)

A lifelong native of North Canton, Earl Loren Stockert had an upbringing steeped in the traditions, character, and hallmarks of integrity that made him part of "the greatest generation."

"It was the Great Depression," Earl reminisces, "my family had no money, and nothing such as 'food stamps.' My dad was out of work for over a year, but my parents were able to barter. I'd go with my mother, Myrtle Alice Shaub Stockert, pulling my little wagon full of fresh vegetables to the Acme store on the square in North Canton. My mother would trade her vegetables for items such as toothpaste, soap, and other necessities. And, when it came time to pay the home and car insurance premiums, the insurance man—a former schoolmate of my dad's—accepted a payment of cabbage and other vegetables. Times were so hard. We had a 100' x 200' garden. My mother canned probably more than 300 jars for the winter. I know my dad anguished about how he would support a wife and small child with no income, but he would take odd jobs."

Earl's dad, George Ervan Stockert, was awarded the Purple Heart in WWI, was employed in the lumber yards, and worked for one year at the Hoover Company. His mother was employed at the Dueber- Hampden Watch Company, Hoover Company, and Baugman Restaurant.

"I graduated at age 17 ½, and had just one day off. The following day, I went to work at the Hoover Company," Earl remembers. "From 1944 to 1973, I walked home every day for lunch, until the government's energy policies under former President Nixon cut our lunch hour to 30 minutes." A graduate of North Canton High School, Earl enjoyed a 46–year career with Hoover, retiring in 1991.

"Because I had no brothers and sisters, my mother told me 'to share and make friends.' I have always tried to live my life that way, and it has proved to me the best advice I've ever received."

Earl certainly has followed his mother's advice. He has generously shared with his North Canton and greater Stark County communities. A longtime supporter of Hoover High School's fine arts and athletic programs, Earl was recognized in 2002 "as a friend of education" by the North Canton Education Association for his involvement. In 2003, Earl received a recognition award for "outstanding and dedicated service to the North Canton School System and Community."

Since 1970, Earl has generously supported Malone's annual giving program, regularly attending and supporting the University's students at their athletic and fine arts events.

"I had been giving to an out–of–town college when I decided to re–direct my giving to higher education in my own community."

In addition to being a major contributor to Malone, Earl has generously supported Walsh University. "Because I do not have children of my own, I consider the kids at Hoover, Malone, and Walsh to be 'my kids.'"

Taking his mother's advice completely to heart, Earl has made friends—many friends! The North Canton resident developed deep friendships with his church family at Zion United Church of Christ; the Akron Metro Parks Hiking Club, the Canton Hilltoppers, and Christ Presbyterian's Coed Singles Club for 15 years.

With a deep Christian faith, Earl experienced the Lord's divine intervention in his family.

"I have witnessed God's many miracles, especially in the last two weeks of my parents' lives and in the circumstances of their deaths. On two separate occasions, my cousins Bill and Julia stopped over to my house, when they were very much needed. One of my favorite Bible verses is: 'He has made everything beautiful in its time.' Ecclesiastes 3:11 (NIV)."

Earl, who will be 85 in November, says it is so important to "get your affairs in order" and continues, "if I had brothers and sisters and a wife, perhaps it would not be as urgent. But, as a matter of practicality, I needed to appoint an executor and power of attorney early on, so that probate could be avoided. I would advise anyone over 40 to get their estate plan completed, especially those with young kids. It's important for a guardian to be appointed so your children can be provided for, and they are not left alone. By creating an estate plan, you get to decide where the money goes—not Uncle Sam."

"Malone continues to be incredibly grateful for the commitment Earl has made to our students. We are indeed extremely thankful that he has named Malone as one of his beneficiaries of his estate," says Interim President Will Friesen.

Thank you, Earl, for the many ways you support public education and private Christian education in the community of Stark County!


How to Maintain Mental Health in an Aging Body

(From the Perspective of a Retired Christian Psychologist)

by Charles B. Cureton, Ed.D., Professor Emeritus, Malone University

According to the January 2011 issue of the Monitor on Psychology, several principles for aging were suggested.

  • We are more likely to remember something if we believe significant others perceive it to be important.
  • If we remember something, we are more likely to perceive it as "true."
  • Volunteering helps seniors feel more useful, leading them to take better care of themselves.

These principles and some additional ones become the basis for listing 20 ways for seniors to live healthier and maintain their self-respect.

The aging process is accompanied by several social stereotypes, including a growing helplessness mentally, physically, and socially. This stereotype encourages an active self-fulfilling prophecy in every aging adult to behave in a manner compatible with this prophecy. As a retired psychologist, I've recorded some observations that can serve as a guide in the coming decade for seniors who would prefer to maintain their health and self-dignity.

Some "don'ts" include:

  • Do NOT make excuses for not keeping your commitments. We use excuses only when we don't have legitimate reasons. Example: sometimes, we promise to attend a meeting and later discover that the topic of discussion will be unpleasant and thus, excuse ourselves because of the weather or illness.

  • Do NOT talk if you don't have the words to express your thoughts. As the saying goes, "It's better to be quiet and appear ignorant, than speak up and remove all doubt." Example: Rehearse what you are going to say before you speak if you can't think and talk at the same time. Avoid embarrassment.

  • Do NOT fabricate to make yourself appear younger. Many older adults will use wigs, dye their hair, and use excessive make-up. Aging with dignity doesn't include a massive cover-up. People will question your intentions and think you are covering up more than your appearance.

  • Do NOT choose the course of least resistance. Example: When someone holds the door open for you to walk through, don't just say "thank you," but hold that same door open for the next person to walk through.

  • Do NOT hold others to moral standards that are higher than the standards you have set for yourself. Example: We may criticize others for social habits when we will occasionally engage in these same habits ourselves.

  • Do NOT allow people to ask you to repeat everything that you say to them. Example: When you are having a conversation with someone, they may ask, "What did you say?" After a few occurrences of this behavior, you need to get their attention first before you share your thoughts with them.

  • Do NOT allow people to walk away from you because they become distracted by someone or something else. Example: When you are exchanging ideas with someone before you get closure, that person will turn their attention elsewhere. You need to call that person by name and ask them to complete their conversation.

  • Do NOT allow professionals to use their jargon when explaining a condition or diagnosis. Ask them to express themselves in everyday language. Example: Quite often, a general practitioner in medicine will prescribe a brand name medication or even a generic form without fully explaining the ingredients and purpose of the medication.

  • Do NOT sympathize with someone who is exercising their self-fulfilling prophecy. You are enabling them to continue this behavior. Example: If you hear people say, "I can't do that," then your response should be, "You are as intelligent as I am and I can do that, so tell yourself that you can do that, too—and do it."

  • Do NOT politely accept a condescending remark from someone regarding your age. Example: Someone may ask you when you forget to be somewhere or do something if you are having a "senior moment," alluding to the suggestion that you have temporarily lost your awareness. Remind them that people of all ages experience absentmindedness from time to time!

Some "do's" include:

  • DO make a deliberate personal declaration that you will do everything you need to do to maintain the appearance of a healthy, aging person. Example: Establish a routine for good eating habits, appropriate exercise, following your physicians' prescriptions and never excuse yourself from your vision for your life.

  • BikeDO develop the philosophy, "What I can do for others, I will do." Example: This refutes the stereotype that "helplessness" is associated with aging and encourages the general public to see the aging process as a new opportunity to serve rather than a dreaded disease to be avoided.

  • DO always accentuate the positive. Example: Remember, we are living in a very negative world and there are many negative stereotypes associated with aging. We have to be very vigilant and diligent to find what is positive in our lives as well as the lives of those whom we love and serve.

  • DO choose a basic positive affirmation that fits your life and repeat it when you get up in the morning and when you go to bed at night. If you say it, you begin to believe it. Example: My personal affirmation is, "I am a warm and loving person, unique and precious in God's sight, always behaving according to my present awareness."

  • DO keep the faith. Listen to the inner voice and obey. Example: If you want to remain "warm and loving," listen to the Lord and obey Him immediately through prayer, reading His Word, confessing your sin and sharing your faith in winning others to Him.

  • DO learn to accept everything that comes into your life as God's perfect will and thank Him for it (I Thessalonians 5:18). Develop an attitude of gratefulness for everything. Example: This will prevent us from focusing on ourselves when a problem occurs, regardless of who caused the problem.

  • DO hold yourself responsible for your own behavior if you expect people to perceive you as a well-adjusted aging person. Example: When someone directs your attention to some immature behavior in which you are engaging, thank them for their remarks and say to them, "you are telling me this because you care about me as a person when I act immature."

  • DO take a stand against Satan and his world system. Learn to resist the evil inclinations within you. Example: For a Christian, taking a stand is different from the secular interpretation. In Romans 12:20 we are told, "If our enemy is hungry, feed him. If he is thirsty, give him a drink; For in so doing, we will heap coals of fire upon his hear." In taking this type of stand, we will "not be overcome by evil, but we will overcome evil with good" (Romans 12:21).

  • DO hold others responsible for their behavior. Example: When an individual engages in irrational behavior, laughing at their behavior whether age-related or obscene is encouraging and enabling them to continue this behavior. No response is best initially, but if they become more determined and bombastic in an effort to get a laugh, you need to reflect to them, "It seems important to you for others to laugh at your humor."

  • DO maintain a good conscience. Since the human race is created in the image of God, we must always maintain a good conscience before God and man (I Timothy 1:19). Example: No man in the day of judgment can point an accusing finger at you as a stumbling block to them and God can say, "Well done, my good and faithful servant, enter into the joy of your Lord" (Matthew 25:23 a).

    Dr. Cureton, and his wife, Joan, have been married 56 years, have five children, 12 grandchildren, and two great-grandchildren. An influential educator for 29 years, Dr. Cureton taught psychology and education classes, as well as graduate level courses, before retiring from the University in 1996. We appreciate Dr. Cureton's excellent insight into the aging process in the article he prepared for "The Planner."

How Work Can Affect Your Social Security

By Jim Miller

You can get Social Security retirement or survivors benefits and work at the same time. But, if you are younger than full retirement age and earn more than certain amounts, your benefits will be temporarily reduced. Here is what you should know.

Working Rules
Social Security says that if you're under your full retirement age (which is 66 if you were born between 1943 and 1954; if not, see ssa.gov/pubs/ageincrease.htm to find your full retirement age) and are collecting benefits, then you can earn up to $14,160 in 2011 without jeopardizing any of your Social Security if you don't reach your full retirement age this year. But if you earn more than the $14,160 limit, you'll lose $1 in benefits for every $2 over that amount.

In the year you reach your full retirement age, a less stringent rule applies. If that happens in 2011, you can earn up to $37,680 from January to the month of your birthday with no penalty. But if you earn more than $37,680 during that time, you'll lose $1 in benefits for every $3 over that limit. And once your birthday passes, you can earn any amount by working without your benefits being reduced at all.

Wages, bonuses, commissions, and vacation pay all count toward the income limits, but pensions, annuities, investment income, interest, and government or military retirement benefits do not. To figure out how much your specific earnings will affect your benefits, see the Social Security Retirement Earnings Test Calculator at ssa.gov/OACT/COLA/RTeffect.html.

Calculator Temporary Loss
It's also important to know that if you do lose some or all of your Social Security benefits because of the earning limits, they aren't lost forever. When you reach full retirement age, your benefits will be recalculated to a higher amount to make up for what was withheld. For details and examples of how this is calculated, see ssa.gov/retire2/whileworking3.htm.

Tax Factor
You also need to factor in Uncle Sam. Because working increases your income, it might make your Social Security benefits taxable. Here's what the IRS says. If the sum of your adjusted gross income, nontaxable interest, and half of your Social Security benefits is between $25,000 and $34,000 for individuals ($32,000 and $44,000 for couples), you have to pay tax on up to 50 percent of your benefits. Above $34,000 ($44,000 for couples), you could pay on up to 85 percent, which is the highest portion of Social Security that is taxable. About a third of all people who get Social Security have to pay income taxes on their benefits.

Savvy Tips
For more information on how working can affect your Social Security see ssa. gov/retire2/whileworking.htm and ssa. gov/pubs/10069.html, or call the Social Security helpline at 800.772.1213 and ask to receive a free copy of publication number 05-10069, "How Work Affects Your Benefits." And for information on Social Security taxes call the IRS at 800.829.3676 and ask for their free publication 915, "Social Security and Equivalent Railroad Retirement Benefits," or see www.irs.gov/pub/irs-pdf/p915.pdf.

Jim Miller is author of the book, The Savvy Senior, and a contributor to NBC's Today Show. Visit Jim's website: SavvySenior.org.


The material presented on this Planned Giving website is not offered as legal or tax advice.
Read full disclaimer|Sitemap|Planned Giving Content © 2012 VirtualGiving