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Protecting Your Investments: Feds Issue Rule to Protect Retirement Savings

Federal rules will require financial advisors to place their client's best interest first when it comes to retirement investments. (Tax Credits/Flickr)

Federal rules will require financial advisors to place their client’s best interest first when it comes to retirement investments. (Tax Credits/Flickr)

Until now, not all financial advisors in Tennessee and the rest of the country were required to put their clients first, before any investment funds they represent. This month that’s expected to change after the U.S. Department of Labor issued a fiduciary rule, taking full effect in 2018, that requires all financial advisors who give retirement advice to act in the best interest of their clients. Jim Lardner, communications director for Americans for Financial Reform, explains what the problem was. “Brokers, insurance companies, sales people and others can take advantage of loopholes and have taken advantage of loopholes to promote high-commissioned investment products that do very well for them,” he says. “But are not so good for the investor.” This is the first time the rules have been updated in 40 years. Opponents say it requires excess paperwork and will result in higher costs for investors in the long run. Though the policy hasn’t been mandated by law before now, many reputable investment companies require their advisors to sign a contract committing to act in the best interest of their client. Experts say to protect yourself, ask your advisor if they’ve committed to such a standard. Americans for Financial Reform estimates the lack of consumer protection until now has cost savers more than $17 billion annually. Lardner says financial advisors looking to make extra profits on the backs of their clients can cost big bucks over time. “The cost of this kind of conflicting so-called advice, which is really a sales pitch disguised as advice,” says Lardner. “Can run into the tens of thousands of dollars for an individual worker or retiree.” According to a study by the Center for American Progress, even a seemingly small extra fee on an investment in a mutual fund can add up over time. A 25 year old, earning $30,000 a year and investing 5 percent of her salary annually, would end up paying almost $100,000 extra over a lifetime with an extra fee of less than 1 percent.

It’s National Work Zone Awareness Week

TDOTThe Tennessee Department of Transportation is joining states across the nation to remind motorists “Don’t be THAT driver: Work on safety. Get home safely. Every day.” TDOT will spread that message statewide during National Work Zone Awareness Week (April 11-15) in an effort to improve safety in Tennessee’s interstate and highway construction and maintenance work zones.
“Work zones include everything from major interstate widening projects to pothole patching and mowing, and conditions in those areas can change quickly,” said TDOT Commissioner John Schroer. “We want everyone to get home safely, so don’t be that distracted or aggressive driver in work zones. Please pay attention to signs, reduce your speed, and move over when possible.”
The spring and summer months provide perfect weather for highway work, and motorists will encounter work zones across Tennessee in downtowns, along interstates and in rural areas. Last year in Tennessee, 18 people died in work zone crashes, including workers, drivers and passengers.
Work zone safety messages will be displayed on TDOT’s overhead Dynamic Message Signs on interstates in Memphis, Nashville, Chattanooga and Knoxville. There will also be special displays across the state to honor the 109 TDOT workers lost in the line of duty since 1948.

04/14/16-Charles Leroy Mitchell

On April 12th, 2016 Mr. Charles Leroy Mitchell, age 84 of Tullahoma, TN passed from this life surrounded by his loved ones. Mr. Mitchell was a very kind hearted and loving man that devoted his life to his family. He was a loving husband, father and grandfather. Mr. Mitchell was a devoted member of the Anne Arundel County Police Department for 29 years, a Lifetime Member of the Glen Burnie Masonic Lodge #213 in Maryland, The Boumi Temple in Baltimore, MD, and a Past Master at The Farris Creek Lodge #509 in Lynchburg, TN.
He is preceded in death by his parents Edward T. Mitchell and Mary (Chalk) Mitchell and Brother Edward Mitchell JR. He survived by his loving wife of 66 years Augusta “Guss” Mitchell; Son Charles Mitchell JR. and wife Debra; Sister-in-Law Katherine Lane; Grandchildren Melissa Long and Gary W. Briggs JR; Great Grandchildren Maison Long, Brayden Long and Carson Long.
The family will receive friends Thursday, April 14th, 2016 at Eleven O’clock in the morning until One O’clock in the afternoon with a Graveside service following at Rose Hill Memorial Gardens in Tullahoma, TN. In lieu of flowers the family asks that you make donations to the Shriners Hospital.
Tullahoma Funeral Home is honored to serve the Mitchell family and asks that you sign the guest book at www.tullahomafuneralhome.com.

04/14/16-James Darnell Sr.

Darnell Sr., James Wayne, age 76, of Tullahoma, passed this life on
Monday, April 11th, 2016 at Lynchburg Nursing Center. Mr. Darnell was
born in Moore County, Tennessee to the late James Albert and Annie Lee
Grammer Darnell. Mr. Darnell was a veteran in the United States Army
where he served as a cook and was a member of The Westwood Church of
Christ in Tullahoma. Mr. Darnell was a man of many talents and loved
fishing, golfing, UT football and the Dallas Cowboys. He especially
enjoyed playing with his grandchildren and was always ready with a joke
or a prank for his family and friends. He was a hard working provider for
his family, and was a former employee for Coca Cola in Tullahoma where he
was a driver and worked for Jack Daniels Distillery until his retirement
as a security guard. He also found unconditional love and gave the same
to his dog Prince. Mr. Darnell is survived by his wife, Charlotte Darnell
of Tullahoma; children, Jimmy Darnell of Tullahoma, Diane “Cilla” Ladd
and her boyfriend Mike Nelms of Tullahoma, Sherry Evans and her husband
Steve of Tullahoma, Terry Seckler and his wife Tina of Manchester, and
Jeff Seckler and his wife Cheryl of Unionville; three brothers, Terry
Darnell and his wife Dottie of Lynchburg, Larry Darnell and his wife
Alice of Franklin, and Ronnie Darnell and his wife Bonnie of Lynchburg;
grandchildren, AJ Ladd and his wife Lindsay, Rikki Caldwell, Nikki Madrid
and her husband Frankie, James Darnell and his wife Jessica, Travis
Seckler, Jennifer MacDonald and her husband Ryan, Jessica Seckler,
Julieanna Seckler, Chris Taylor and his wife Stephanie, and Amanda
Buchanan and her husband Ryan; great-grandchildren, Kara and Landen
Seckler, Easton MacDonald, Trey Caldwell, Morgan, Kaydence, and Elijah
Darnell, and Logen Madrid. Mr. Darnell is also preceded in death by one
sister, Frances Weddington, and one great-grandchild, Kaylin Caldwell.
Visitation will be held on Wednesday, April 13th, 2016 at Kilgore Funeral
Home from 5:00-8:00pm. Funeral services for Mr. Darnell will be held on
Thursday, April 14th, 2016 at 2:00pm in the Kilgore Funeral Home Chapel
with Bro. Jim Mickells officiating. Burial will follow at Lynchburg City
Cemetery. The family would like to thank the staff of Lynchburg Nursing
Center for their kindness and care of Wayne and his family.

Kilgore Funeral Home is in charge of arrangements.

Tuesday Prep Schedule

Sports Calendar22:00 PM – CHS Track at District Track Meet – Tullahoma
3:30 PM – CCMS/WMS Golf at Liberty/Harris – Riverbend
4:30 PM – WMS Softball HOSTS Cannon Co
5:00 PM – CCMS Baseball at Tullahoma
5:00 PM – CCMS Softball at Tullahoma
5:30 PM – CCMS Soccer HOSTS Lincoln Co
6:00 PM – CHS Baseball HOSTS Columbia – Thunder Radio Broadcast
6:30 PM – CHS Softball at Lawrence Co

Braves Fall to 0 & 6 on Monday Night in Washington

BravesWilson Ramos collected four hits and Daniel Murphy continued his hot start to the season as the Nationals defeated the Braves, 6-4, Monday night at Nationals Park. This was the first game of a seven-game stretch against the rebuilding Braves and Phillies for the Nationals, a schedule that gives them the opportunity to get off to a fast start to the season.

“That’s big, you can either get off to a good start or get off to a terrible start,” Nationals manager Dusty Baker said. “You need to win those games, this is the epitome of games you win in April you don’t have to win in August or September.”
The Nationals overcame a rocky outing from Max Scherzer, whom the Braves were on from the start, beginning with a two-run double from A.J. Pierzynski in the first. Scherzer battled through six innings, surrendering four runs on six hits with three walks and six strikeouts.
“They put some good at-bats against me in the first couple innings,” Scherzer said. “I just couldn’t find a pitch to get out of the jam there with runners on base. Sometimes you got to tip your hat to your opponents, and that was the situation.”
The Nationals answered the Braves’ two-run first with three runs in the bottom of the inning, punctuated by a two-run homer by Murphy off Braves starter Bud Norris. Norris pitched well against the Nationals last week in Atlanta, when he gave up three runs in seven innings, but he did not have the same success Monday. He threw 37 pitches in the first inning and surrendered five runs on nine hits over five innings
“If you lose five or six in a row in July, nobody worries,” Braves manager Fredi Gonzalez said after his team fell to 0-6. “It’s the beginning of a season, and I am worried, but I know we are playing good baseball, and we’re close to playing good baseball. We’re going to be better for it.”
After Pierzynski gave the Braves an early lead with his two-run double in the first, Nick Markakis softened the blow of Washington’s three-run first with the two-out, two-run double he delivered in the second inning. Markakis began the fifth inning with his fifth double within a span of nine at-bats. But he was left stranded at third as Scherzer retired Freddie Freeman, Adonis Garcia and Pierzynski without the ball leaving the infield. The Braves recorded just two hits over the final four innings.
With center fielder Ender Inciarte sidelined until at least April 24 with a hamstring strain, the Braves promoted highly-regarded prospect Mallex Smith on Monday and immediately inserted him into the leadoff spot. Smith highlighted his MLB debut with his first career hit — a second-inning single off Scherzer that enabled him to show off his speed when he scoring from first base on Markakis’ first double. But Smith’s memorable night ended when he suffered a laceration above his left eye when his forehead cracked his batting helmet as he slid headfirst toward second base on an unsuccessful stolen base attempt in the fourth inning.
“I’ll have a good story from my debut down the road,” said Smith, who said he’ll be ready to play on Tuesday after receiving five stitches to close the laceration. More >
Jhoulys Chacin will make his season debut when Atlanta and Washington resume this four-game series on Tuesday at 6:05 p.m. CT. Chacin earned a rotation spot during Spring Training, but to fit their roster needs the Braves had the veteran right-hander make his first start of the year with Triple-A Gwinnett.  Thunder Radio will bring you the broadcast of tonight’s game on the Braves Radio Network FOLLOWING our exclusive broadcast of Coffee County baseball.

Sounds Take Opening Game Against Sky Sox

Sounds7Everything clicked for the Nashville Sounds as they opened a new series with a 7-1 win over the Colorado Springs Sky Sox Monday night at First Tennessee Park.

A’s top pitching prospect, Sean Manaea, got the ball in game and was solid from the start. The southpaw went three up and three down in three out of his first four innings. The former Indiana State product got out of a bases loaded jam in the third by striking out Sky Sox left fielder Michael Reed.

Manaea picked up the win in his first start of the season. He allowed one run on four hits in 5 1/3 innings with six strikeouts.

The Sounds (2-3) got out to an early 1-0 lead with a bang. Lead-off hitter Tyler Ladendorf launched a 2-1 pitch from Hiram Burgos over the left field wall to give the Sounds an early advantage.

They added to their lead when Ladendorf doubled to right field to begin the third. Two batters later, Jake Smolinski singled to left to put runners on the corners for Andrew Lambo. The designated hitter hit an RBI single to right, scoring Ladendorf to double the lead to 2-0.

Nashville extended the lead with a big four-run fourth inning. Rangel Ravelo started the rally when he lined a single back up the middle. Sounds catcher, Bruce Maxwell, then doubled home Ravelo to put the Sounds on top 3-0. Back-to-back walks issued to Smolinski and Joey Wendle loaded the bases for Andrew Lambo who cleared the bases with a triple down the left field line. The three-bagger gave the Sounds a 6-0 lead.

Colorado Springs started the sixth with back-to-back singles against Manaea. The lefty came back to strike out Andy Wilkins before Sounds Manager Steve Scarsone turned to his bullpen.

A base hit by Jake Elmore scored Orlando Arcia in what would be the only Sky Sox run of the night.

Smolinski answered quickly in the home half of the inning when the left fielder hit the Sounds’ second home run of the night to increase the lead to 7-1.

Sounds relievers Daniel Coulombe and Nashville native Andrew Triggs would not allow a run over the final three innings. Triggs came on in the ninth and struck out the side to nail down the series-opening win.

The Sounds continue the four-game series with the Sky Sox with game two Tuesday night. Nashville sends right-hander Chris Smith (0-1, 7.20) and the Sky Sox (2-3) counter with right-hander Zach Davies (0-0, 1.80). First pitch is set for 6:35 p.m.

The 2016 season is the Sounds’ 19th year in the Pacific Coast League and their second as the Oakland Athletics’ top affiliate. Season ticket memberships are available now by calling (615) 690-4487 or by visiting www.nashvillesounds.com.

Monday Prep Sports Cancellations/Reschedules

RainHere is a look at the local sports prep events cancelled on Monday and the date/time of any rescheduling.

* WMS Baseball HOSTS Community – CANCELLED & rescheduled for Saturday at 1 PM
* CCMS Baseball HOSTS Tullahoma – 8th Grade Night – CANCELLED & rescheduled for Thursday – 5 PM
* CCMS Softball HOSTS Tullahoma – CANCELLED & rescheduled for Thursday – 5 PM
* CHS Softball HOSTS Davidson Academy – Special Needs Night – CANCELLED. Special Needs Night is rescheduled for Thursday – 7 PM

* WMS Tennis at Warren County – CANCELLED
* CCMS Tennis at Shelbyville – CANCELLED
* CCMS Track HOSTS South Franklin – CANCELLED 

4/11/16

birthday cakeBirthdays:
Louise Vandagriff — Pizza Winner!

Matthew Levengood, 2

Marilyn Carroll, 73

4/10/16

birthdayBirthdays:
Danny Campbell — Pizza Winner!

Lyda Mae Bryan, 94

Shannon Henley

Ross Simmons

Anniversaries:
Ewan & June Davis

Tonda & Brent Saine, 13