(REDONDO BEACH, California) October 19, 2016  -- Have you planned for a steady income during retirement? That was the subject of today's speaker, Mark Basile of SearchLight Financial Advisors.
 
The key question you have to answer for yourself is whether your retirement portfolio ensure a livable stream of income for the remainder of your life, he said. Basile noted the average monthly income from Social Security nationwide is $1450.00 per month, and the maximum at full retirement is $2600.00 per month. "Unfortunately people can't rely on Social Security," he said.
 
When asked by Basile, Rotarians suggested numerous investment options including annuities, inheritance, real estate, index funds, mutual funds, CD's, money market accounts and more. "The average rate of return for all of these is about 1% (one percent)" he said.
 
He encouraged Rotarians to talk with their "financial advisor to deconstruct your existing plan."
 
SearchLight's "Smart Money Fundamental Program" can be heard Sunday mornings on AM 870 and KFI AM640.
 
Anne Shea was inducted into the club today. She appears third fro left in the photo to the right.  See the article immediately below titled New Member to learn more about Anne.
 
Guests included former club member Pat Haynes who now belongs to a Rotary Club near San Diego.
 
Birthdays:  Alexis Sheehy, Oct. 23, and Colette Paul, Oct. 27.
 
In other business, Walter Campbell brought us up-to-date on plans for the upcoming Casino Night. "we've developed a system to allow you to buy tickets in advance. It will be based on your credit card and you will receive a bidding number.  This system will eliminate the long line at check out."
 
 Dave Whitehead explained details about  the new website.  The site can be accessed from the home page of the club's website (see column to your left).  He showed the opening screen, ticket information and credit card application screens. "In the next couple of weeks we'll have a kiosk here during club luncheon to help you through the application process, especially for members who are not fully computer literate.," he said.