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What golf can teach us about retirement planning
Investing
money ladder

If you’re a golfer, you know the joys (and occasional frustrations) of the game. But you might not realize that some of the lessons you learn on the links can carry over to other areas of your life — such as retirement planning.

So whether you’re already retired or are planning to retire in the next few years, consider the following:

• Try to overcome the "yips." When you miss those short puts — the ones you know you should be making — you might be in the grip of the "yips." It’s not easy to shake this problem, but many golfers have benefited by working to improve concentration, especially by adhering to a strict pre-shot and in-shot routine. When investing for retirement, or managing their portfolios during retirement, many people can get the investment "yips" — that is, they get nervous during market downturns, and then make mistakes, such as selling quality investments when the price has dropped. (Remember: Buy low and sell high.) The solution is the same as for golf: Maintain your focus and concentrate on making appropriate moves, such as building and maintaining a diversified portfolio that’s suitable for you.

• Forget about that hole-in-one. It’s every golfer’s dream: a hole-in-one. When you tee up on that tempting par 3, you might want to go for it — but when you do, you could end up overshooting the green. Many investors also try for a "hole-in-one," in the form of pursuing that one "hot" stock that’s going to make them rich. However, by the time they hear about such a stock (if it even exists), it may have already cooled off — and, in any case, it might not be right for their needs. Instead of looking for that one-time winner, look for solid investments that you’d be comfortable holding for the long term.

• Study the course. The more you know about a course you’re going to play, the better. You can plan the approaches you’ll take on various holes and think about how to avoid the sand, water and rough. When planning for your retirement, or even when you’re living it, you also need a strategy, one that addresses questions such as: How can I structure my investment mix to provide a long-term income stream? How much should I withdraw from my portfolio? When should I take Social Security?

• Visualize. Consider these words from World Golf Hall of Famer Nick Faldo: "Visualization is the most powerful thing we have." If you can visualize what you want to do on each hole, you are on your way toward a successful round. The same holds true for retirement planning: If you can envision the type of retirement lifestyle you want, you’ll be more likely to achieve it by sticking with appropriate financial strategies.

So, there you have them — some ideas that play well on the links and in retirement.

This article was written by Edward Jones and provided by Evans, your local Edward Jones financial adviser.

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Record April boosts Savannah's container trade at port
GardenCityTerminal
The Port of Savannah moved 356,700 20-foot equivalent container units in April, an increase of 7.1 percent. - photo by Provided

The Georgia Ports Authority's busiest April ever pushed its fiscal year-to-date totals to more than 3.4 million 20-foot equivalent container units (TEUs), an increase of 8.8 percent, or 280,000 TEUs, compared to the first 10 months of fiscal 2017.

"We're on track to move more than 300,000 TEUs in every month of the fiscal year, which will be a first for the authority," said GPA Executive Director Griff Lynch. "We're also anticipating this to be the first fiscal year for the Port of Savannah to handle more than 4 million TEUs."

April volumes reached 356,700 20-foot equivalent container units, up 7.1 percent or 23,700 units. As the fastest growing containerport in the nation, the Port of Savannah has achieved a compound annual growth rate of more than 5 percent a year over the past decade.

"As reported in the recent economic impact study by UGA's Terry College of Business, trade through Georgia's deepwater ports translates into jobs, higher incomes and greater productivity," said GPA Board Chairman Jimmy Allgood. "In every region of Georgia, employers rely on the ports of Savannah and Brunswick to help them become more competitive on the global stage."

To strengthen the Port of Savannah's ability to support the state's future economic growth, the GPA Board approved $66 million in terminal upgrades, including $24 million for the purchase of 10 additional rubber-tired gantry cranes.  

"The authority is committed to building additional capacity ahead of demand to ensure the Port of Savannah remains a trusted link in the supply chain serving Georgia and the Southeast," Lynch said.

The crane purchase will bring the fleet at Garden City Terminal to 156 RTGs. The new cranes will support three new container rows, which the board approved in March. The additional container rows will increase annual capacity at the Port of Savannah by 150,000 TEUs.

The RTGs will work over stacks that are five containers high and six deep, with a truck lane running alongside the stacks. Capable of running on electricity, the cranes will have a lift capacity of 50 metric tons.

The cranes will arrive in two batches of five in the first and second quarters of calendar year 2019.

 Also at Monday's meeting, the GPA Board elected its officers, with Jimmy Allgood as chairman, Will McKnight taking the position of vice chairman and Joel Wooten elected as the next secretary/treasurer.

For more information, visit gaports.com, or contact GPA Senior Director of Corporate Communications Robert Morris at (912) 964-3855 or rmorris@gaports.com.

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