Club 50 eNewsletter
March 2021
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Connie Braceland
Vice President
Community Relations & Club 50
617-928-2338
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Contents
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Connie's Corner

Happy Spring!

As the weather continues to get nicer, and the vaccines become easier to get, we should all be feeling a little more hopeful about when we will be able to see each other again!  It may not be next month or the month after that, but it will happen!

I received my first dose of the vaccine and I have never been so excited to get a shot!!!!!

You still have to be a little patient when trying to schedule your appointments.  Hopefully most of you have been able to, whether it’s through the state sites, CVS, Walgreen’s or your healthcare provider system.  But keep trying!!!!!!  It’s the only way we can all be together again!

There is still no news on when we are able to travel again.  We will let you know as soon as we know!

We are no longer accepting recipes for our 25th Anniversary Cookbook.  We will start to put it all together, and let you know when it is completed.

The tax day for individuals has been extended to May 17th.  Be sure and check all the rules, as we know some things are not always as simple as they appear.

It is with a heavy heart that we report the passing of Fred Proia.

Fred was with Watertown Savings Bank for 43 years when he retired several years ago.

He was instrumental, along with Ann Barber, in starting up our Club 50 program.  It started with only a handful of members and with Fred’s guidance and direction, has grown to the very successful program we have today.  We celebrated 25 years in 2020.

Fred was responsible for the successful expansion of the Bank.  He loved his job, and made many lifelong friends with both co-workers and customers.

Our hearts go out to his wife Leslie, and his entire family.

Rest in peace, my friend.

 

To all our Club 50 members, stay well.

Looking forward to being “On The Road Again.”

 

Connie

 


*********Change to Newsletter*********

Our newsletter will now be published quarterly.

The next edition will be June 30, 2021.

If there is something you would like us to put in the newsletter, please let Connie know by June 11th, 2021.

Thank you!

Club 50's Collaborative, Commemorative Cook Book!
SUBMISSIONS CLOSED. COMING SOON!

Our submissions for the Cook Book are closed! We look forward to making this beautifully collaborative piece a reality. 

Thank you all so much, we cannot wait to share!

On the Mark Archery - Hosting Easter Egg "Hunting" Easter Weekend
@ Gore Place in Waltham, MA

WHERE: Gore Place, 52 Gore Street, Waltham
WHEN: Saturday, April 3rd 2021 (more dates and places available at the On the Mark Archery website)

Looking for a non-traditional Easter Egg Hunt?

Come over to the archery range at Gore Place on Saturday and join this safe, socially distant activity with friends, family and neighbors to challenge your aiming skills!

Never shot a bow before? No problem - our certified USA Archery instructors will teach you the fundamentals needed to find success with all equipment provided and a 1.5 hour session filled with fun.

Youths must enroll with an adult. Tickets are limited - sign up ASAP!

Head to On the Mark Archery's website to check out the details and reserve your tickets!

Using Life Insurance Riders to Pay for Long-Term Care

If you're thinking about buying a stand-alone long-term care insurance (LTCI) policy, you might have another option. An increasing number of states are permitting the sale of long-term care hybrid products that allow you to obtain long-term care coverage with a special rider added on to your life insurance policy.

How does it work?

When it comes to long-term care, you might be able to add an acceleration rider to your life insurance policy that will allow you to tap into (accelerate) your death benefit if you need long-term care during your life. For such a rider to take effect, most insurers require a prognosis of death within 12 months, and your benefits may be limited to a percentage of the face amount in your policy. Of course, your death benefit will be reduced by the amount of benefits you receive. If your long-term care costs are high, you may eventually deplete your death benefit (assuming your policy allows it). This would negate the original purpose of your life insurance policy--to provide financially for your family members after your death.

How do I get the funds?

The operation of long-term care riders can differ from company to company. For example, in some cases you'll be reimbursed for your long-term care expenses as they're incurred, up to the limit set by the rider. In other cases, you may receive a percentage of the death benefit each month, which you can then apply to your long­ term care expenses. Before you purchase such a rider, make sure you understand exactly how you'll be reimbursed. In addition, you'll want to know what triggers the prepayment of your death benefit that can be used for long­ term care. For example, does simply needing home health care entitle you to benefits, or will you need to be chronically ill and unable to perform at least three activities of daily living to start receiving benefits?

How do I decide if I should buy a long-term care rider or a separate long-term care insurance policy?

Opinions differ on whether an acceleration rider can be an adequate substitute for a separate LTCI policy. The answer depends in part on the size of your life insurance policy, the money you'll receive while the policy is in force to pay your long-term care costs, and how much long-term care is expected to cost at the time you'll need it. If you do the math, you'll probably discover that an acceleration rider on your life insurance policy won't cover all of your long-term care expenses. In fact, it may give you a false sense of security that all of your needs will be met. And keep in mind that long-term care benefits you receive will reduce the policy's death benefit, possibly leaving little or nothing for your remaining family members. However, the premiums on a stand-alone LTCI policy can be very costly, depending on your current age, your health, and the benefits offered. If these costs make such a policy prohibitive, a long-te1mcare rider on your insurance policy may be a plausible middle-ground solution. A rider can allow you to tap into funds in the future should you need long-term care (even if that means less for your surviving loved ones).

-----------

Chris is here to help you meet your financial goals and he can be reached at cmara@infinexgroup.com or (617) 928-2349.   

Infinex Investments, Inc.
located at Watertown Savings Bank

Christopher P. Mara, CLU, ChFC
Financial Advisor/Vice-President

60 Main Street,
Watertown, MA 02472
(617) 928-9000
cmara@infinexgroup.com

Investment and insurance products and services are offered through INFINEX INVESTMENTS, INC. Member FINRA/SIPC. Infinex and the bank are not affiliated. Products and services made available through Infinex are not insured by the FDIC or any other agency of the United States and are not deposits or obligations of nor guaranteed or insured by any bank or bank affiliate. These products are subject to investment risk, including the possible loss of value.

NOT FDIC-INSURED. NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY. NOT GUARANTEED BY THE BANK. MAY GO DOWN IN VALUE.

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2021 DC Cherry Blossoms

From the cherryblossomwatch.com's archives -- Peak Bloom was reached March 28th, 2021.
Photo by David Coleman photography, found on the website's "Cherry Blossom Photos" section. 

Some background on their "Peak Bloom Forecast:"

On average, DC’s cherry blossoms bloom around the last week of March into the first week of April. But it varies year to year based on weather conditions, so it can also be a little before or after that period. This page tracks the latest information on the coming bloom.

Warmer temperatures in the late winter into early spring bring the blossoms out earlier. Cooler temperatures push them later. The flowers generally last a week or two, but again, just how long they stay around depends on the weather.

So far this winter, the temperatures averaged a little above normal during December and January, which happens to track with the National Oceanic and Atmospheric Administration’s long-range winter forecast.

But February brought a long colder stretch. So, for now, we’re tracking right around “normal” overall. And that, at this early stage, hints at a bloom that falls around the average of the last days of March into the first days of April. But it’s too soon to put any stock in that just yet–if we see a stretch of cold weather into March, it can push things much later, or a stretch of warm weather can still bring it much sooner.

March started cool but has warmed up considerably in the second week. But it won’t be enough to bring out a very early bloom like last year (when peak bloom was March 20). [See more on the cherryblossomswatch.com's website for past, present, and future peak bloom forecasts, including weather graphs!]

How Long Do the Flowers Stay Out? What if I Miss Peak Bloom?

The day the cherry blossoms reach peak bloom is not, of course, the only day you can see the flowers. At a minimum, you can expect a beautiful sight for at least a few days before the peak bloom date and at least a few days after. Sometimes they can be out for a couple of weeks.

How long they remain out depends heavily on weather conditions. In ideal conditions (cool, dry, calm), there can still be flowers to see a week or even more after the peak bloom date. So there might be a period of two weeks or more when the flowers are looking beautiful. In less-than-ideal conditions (wet, windy, hot, stormy), the flowers disappear more quickly, perhaps a week or less. I’ve put together a timeline with photos from previous years to give an idea of what you can expect to see during the different stages of the bloom. The crucial point is that you don’t have to be there precisely on that specific day to be greeted with a beautiful sight. There are still flowers to see in the days before and after that.

If you’re too early for the main cherry blossoms, your timing might be good for saucer magnolias (also called tulip magnolias). There’s a particularly beautiful collection of them in the garden behind the Smithsonian Castle, but there are plenty of others scattered around the city, including a small grove at the George Mason Memorial next to the Tidal Basin.

And if you’re too late for the Yoshino peak bloom by two or three weeks, you might be in luck for a different variety that is also very pretty: the Kwanzan cherry blossoms. Tulips are another spring highlight around the area, and you can find them at a number of places around the National Mall as well as further afield.

Estate from 1680 Hits the Market!

From realtor.com
By Becky Bracken on March 30th, 2021

465 Union Street, Marshfield, MA
Year built: 1680

Giddyup, historic home lovers! The oldest home to land on the market this week is a honey of a horse property spread across 5 acres, smack-dab between Boston and Cape Cod and built back in 1680.

While equestrian pursuits probably weren’t top of mind when ground was broken to build the home, it’s since become a horse lover’s paradise. The property is outfitted with riding ring, pen, and pastures. And while the home is a classic, there are a few nods to modern lifestyle outside—like the in-ground pool with cabana and hot tub.

Antique equestrian: This four-bedroom home has been updated over the centuries, but still has original features, like a beehive oven, wide pine floors, and wood-beamed ceilings. Besides the historic home, a buyer will also acquire a prime property for horses.

Situated on a little under 5 acres, this parcel has a five-stall horse barn, lighted riding ring, round pen, and three pastures. There’s also a vegetable garden, storage shed, and a two-car garage with a lift.

*Historical Fact! In 1680, New Hampshire separated from the Massachusetts Bay Colony. In 1684, King Charles revoked the independent charter of the colony. 

 

 

Dozens of rare whales return to waters off Massachusetts

Photo from the Club 50 Gloucester Whale Watch, 2019

Article from Boston25 News
by Associated Press
March 29th, 2021

BOURNE, Mass. — Dozens of rare whales have returned to the waters off Massachusetts for the spring.

The whales are North Atlantic right whales and they have been sighted in Cape Cod Bay this month. The National Oceanic and Atmospheric Administration said there were 89 right whales spotted in the bay on March 21, including three pairs of mothers and babies.

The whales number only about 360 and they are vulnerable to ship strikes and entanglement in fishing gear. NOAA said it is asking vessel operators to slow down to 10 knots or less and respect other speed restriction methods that are in place in state and federal waters off New England.

Cape Cod Bay is subject to a mandatory speed restriction of 10 knots or less until May 15.

 

*Club 50 members remember the last Whale Watch we took in 2019! Very windy, but very successful! The picture you see above is from this trip. Can't wait to be back on the water!

Disclaimer - All content contained in this newsletter is for informational purposes only and should not be relied upon to make any financial, accounting, tax, legal or other related decisions. Each person must consider his or her objectives, risk tolerances and level of comfort when making financial decisions and should consult a competent professional advisor prior to making any such decisions. Any opinions expressed through the content in this newsletter are the opinions of the particular author only.
 
External links are provided for your convenience.  The Bank does not endorse or guarantee the products, information, or recommendations provided by linked sites and the Bank is not liable for any products or services advertised on these sites.  Each external site may have a privacy policy that differs from the Bank.  Any linked site may provide less security than the Bank’s website and e-newsletter site.
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