Margarito Announces His Retirement: Fan Reaction
Posted: June 9, 2012 at 5:12 am
A few days after Shane Mosley and Ronald "Winky" Wright announced their retirement from boxing, former WBO welterweight champion, Antonio Margarito, added himself into the mix.
Margarito announced his retirement on June 7, bringing an end to the controversial fighter's 18-year professional career.
"After 22 years of full dedication to the profession I love, I have made the decision to announce my retirement from boxing," Magarito stated. "After much thought and extended conversations with my family and team, we have all agreed that the time to hang up my gloves and begin a new chapter in life has arrived."
The 34 year-old was scheduled to face Abel Perry on July 21, but that bout has obviously been cancelled.
Margarito's aggressive fighting style made him a favorite amongst boxing fans, with 27 of his 38 victories coming via KO. Unfortunately, his legacy will always be linked to the hand-wraps controversy prior to his 2009 bout against Mosley - when California State Athletic Commission officials discovered a plaster-like substance in his wraps.
Prior to his bout against Mosley, some already had their suspicions about Margarito, due to the devastating effects of his punches against Miguel Cotto. Margarito damaged Cotto's face to the point that the Puerto Rican boxer was forced to throw in the towel.
The "Tijuana Tornado" was never the same after getting busted for loading his gloves, losing three of his next four fights. He simply didn't have the same power on his punches anymore, prompting some to question the legitimacy of his resume.
Margarito injured his orbital bone during his 2010 showdown with Manny Pacquiao, and that probably had something to do with his retirement as well. He took a serious beating in his rematch against Cotto (who still feels that the Mexican loaded his gloves for their first fight), and I'm sure the Puerto Rican boxer is feeling pretty good about himself right now, knowing he's the man that retired Margarito.
David is a Brazilian Jiu Jitsu and boxing practitioner that has watched and studied MMA for the past 7 years. Follow him on twitter @davidkingwriter and check out his blog.
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How To Balance Retirement Savings With Your Child's Tuition Costs
Posted: at 5:12 am
When you become a parent, the rationale behind your financial decisions will likely change, as you will now need to plan for the financial future of your child instead in addition to your own. This becomes even more apparent when it is time to save for their education and your retirement. It might seem like you have to choose one or the other, however, it is very possible save for both by implementing effective money management and cost-cutting strategies.
Work on Cutting College CostsThe studies show that the cost of attending college increases each year. However, the cost can be reduced with educational scholarships, athletic scholarships and community service scholarships. If your child has a school that he or she wants to attend, check with the school to find out about the scholarships that are available. You can work with your child to help ensure that he or she is eligible for one or more of those scholarships. Alternatively, your child can attend a college with lower tuition costs for the first two years and complete his or her college education at his or her preferred college later. Your child may also be eligible for grants, which the college would determine based on the information provided in its Free Application for Federal Student Aid (FAFSA).
Choose Student LoansAccording to the College Board Advocacy and Policy Center, tuition and fees at private nonprofit four-year colleges averaged $28,500 for the 2011-2012 academic year. This is a 4.5% increase from the previous year. Take this into consideration unless you can comfortably afford to finance your child's education and have enough left to finance your retirement. It may make better financial sense to have your children use student loans to finance the cost of education that is not covered by grants and scholarships. If you choose to do so, you can help your child repay the loans if you can afford to.
Saving for Both at the Same Time Saving for your child's education while saving for your retirement can be an ideal solution if you can afford to do both. Under this option, the majority of your savings can be allocated towards your retirement nest egg . Consider that if you only put $200 a month towards your child's education, and assuming a rate of return of 2.5%, you would have saved about $54,400 after 18 years. This amount can be added to a 529 Plan, where earnings grow tax-deferred and are tax-free if distributions are used for qualified education expenses . If your child does not use the amount that you save in an education savings account or 529 Plan, the balance can be rolled over to another eligible child's account.
Save in a Retirement Account You can add money to a traditional IRA and/or a Roth IRA, where earnings grow tax-deferred. If you are eligible, you can even claim a deduction for the contributions made to your traditional IRA and receive a nonrefundable savers tax credit. These are retirement savings account, which means that amounts are intended to finance your retirement. However, if you find that you have no option but to make withdrawals from these accounts to cover educational expenses for your child, the amount that you withdraw would be exempted from the 10% early distribution penalty even if you withdraw the amount before you reach age 59.5.
The Bottom Line The main thing that you should remember is that, financially speaking, you come first. Your children have more options to finance their education, including loans, grants and scholarships. On the other hand, your only option for financing your retirement is your retirement savings and Social Security income if it is still available at that time. Therefore, if it ever gets to the point where you have to make the choice between your retirement and your child's college education, you should choose your retirement. A financial planner can help you to decide the best financial path you should take towards both options.
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Tate wins hurdles, LSU Track teams in title contention on Day 3
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From LSU Sports
DES MOINES, Iowa Lady Tiger senior Cassandra Tate kicked off Friday's finals by taking home the NCAA title in the 400-meter hurdles with a personal-best performance to lead a point barrage by the Lady Tigers as they totaled 40 points with their five scoring opportunities on the third day of the 2012 NCAA Division I Outdoor Track & Field Championships being held at Drake Stadium.
Senior Rebecca Alexander and juniors Kimberlyn Duncan and Charlene Lipsey also enjoyed silver-medal winning performances in their respective events, while senior Semoy Hackett captured a bronze medal for her effort as the Lady Tigers wrapped up the day in a 40-40 tie with the Oregon Ducks.
LSU and Oregon have emerged as the leading contenders for the women's team title this weekend as they head into Saturday's NCAA Championships finale at Drake Stadium.
The Tigers have also positioned themselves for a run at the men's team championship on the strength of a bronze-medal finish by senior Kyron Blaise and the scoring efforts by senior Michael Lauro and freshman Aaron Ernest to highlight Friday's final-round action at the NCAA Championships.
The Tigers have tallied 23 points in three days of competition as they will head into Saturday's finale with the fourth spot in the team standings, trailing Florida (36), Virginia Tech (28) and Arizona (24).
"This group really understands what it means to make a run at the national championship," said LSU head coach Dennis Shaver. "They had an attitude about it today to go out there and get it done. I am proud with the way both of our teams competed again today. They went out there and did exactly what they had to do to give themselves an opportunity to compete for the team title tomorrow.
"To have Cassandra Tate go out there in the very first event and win the (400) hurdles was huge. That just sparked our team today. The other girls in the warm up area getting ready to compete saw it and really got even more excited to go out there and run themselves. What a great way to start the day."
Tate led off with a bang as she became the fourth Lady Tiger all-time to be crowned the NCAA champion in the 400-meter hurdles as she sprinted past UCLA's Turquoise Thompson over the final hurdle and set a new personal record of 55.22 seconds to take the title. Thompson finished as the NCAA runner-up to Tate with a time of 55.28, while Tennessee's Ellen Wortham took third place in 55.82.
While running in Lane 4, Tate ran strong down the backstretch and overtook Wortham in Lane 6 at the 250-meter mark before pulling even with Thompson to her outside in Lane 5 down the homestretch. That is when she outlasted Thompson over the final hurdle in a sprint to the finish line to take the victory.
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Personal finance: It's rarely black and white
Posted: at 5:11 am
Every person out there has different income levels, different debt levels, different retirement accounts at work, different stress levels, different risk tolerances, and so on. All those issues matter.Thats why its personal finance.
Lets look at two people, Bob and Charlotte. Each of them has only one outstanding debt, a $100,000 mortgage with a 3.75% interest rate that has 28 years to go.
The Simple Dollar is a blog for those of us who need both cents and sense: people fighting debt and bad spending habits while building a financially secure future and still affording a latte or two. Our busy lives are crazy enough without having to compare five hundred mutual funds we just want simple ways to manage our finances and save a little money.
Bob is single and doesnt enjoy dating, so he plans on remaining single for the rest of his life. He wants to retire early so he can get involved with managing the local food pantry, where he works part time right now. He is fully funding a Roth IRA and contributing 20% a year to his 401(k), but he still has extra money each month because he lives simply. He doesnt really enjoy taking risks and he strongly desires having debt freedom as a personal goal as soon as possible.
Charlotte is married with four children. She and her husband love to go on family trips and plan to keep on traveling as long as they are both healthy.She contributes some to retirement enough to get her employers match but she intends to stick with her wonderful career until she cant do the work any more. Charlotte was thrilled to get a mortgage with such a low rate because it meant she has a bit of extra money free to help her children enjoy extracurricular activities and help her parents out as they struggle with retirement. Charlottes biggest focus in life is bringing up her children well.
Bob and Charlotte are facing the same debt situation, but are living very different lives. If I were giving these two people advice, Id tell Bob to pay down his mortgage quickly and tell Charlotte to make minimum payments for now.
Personal finance is rarely black and white. Every person out there has different income levels, different debt levels, different retirement accounts at work, different stress levels, different risk tolerances, different personal and professional goals, different levels of family support, and so on.
All of those issues matter. Thats why its personal finance.
Right now, in my life, I am closer to Charlottes situation. We have similar goals in that we want to raise our children well, and we both have multiple children and a spouse. However, I dont really enjoy travel all that much and feel more like Bob when it comes to retirement in that Id rather be careful with my money now and retire a bit earlier.
My closest friends are either single or married without kids. They have different income levels, different goals, and different risk tolerances. Some of them are like Bob. Others are like Charlotte. Most of them really arent like either one of them. Every time I talk with my friends about money, Im fascinated to find how everyone is doing something different, but everyone has sensible reasons for doing what theyre doing.
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Travel: Five great free things you can do in Bangkok
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BANGKOK Chaos is part of Bangkoks charm.
But the savvy traveller quickly learns how to navigate Bangkoks legendary traffic jams and discover its soul, a mix of urban jungle and Buddhist serenity where shopping and eating are national pastimes.
Despite the weak U.S. dollar, Bangkok remains one of the best deals in Asia. Some of the worlds tastiest street food sells for as little as 25 baht (80 cents) a plate. Beat traffic by zipping down side streets in a tuk-tuk or cruising up the Chao Praya on public express boats for stunning views of the citys premier attractions both for about a dollar. Other favourite outings are free:
Lumpini Park: An oasis of tropical gardens and paved jogging paths in the middle of the city. Beat the heat by avoiding the park in midday. There are early morning tai chi classes and after work aerobics classes. You can rent paddle boats, take the kids to one of Bangkoks best outdoor playgrounds or marvel at the massive monitor lizards in the lake.
Chatuchak Market: Browsing is free at the largest outdoor market in Thailand, and its a sight to see whether or not you take something home. Chatuchaks thousands of stalls are divided into sections that include antiques, home decor, clothing and food. You can find everything from Buddha statues and Thai handicrafts to handmade jewelry and the occasional endangered species in the live animal section. For upscale, air-conditioned window shopping, head to shopping malls Siam Paragon, Emporium or Central World.
Temple hopping: Catch some karma at Bangkoks many Buddhist temples, known in Thai as wats. Some of the most popular, Wat Po and Wat Arun, ask foreigners to pay a minimal entrance fee but hundreds of others are free, including the impressive Temple of the Golden Mount, also known as Wat Saket. A temple compounds shaded walkways and quiet corners are a perfect place to escape the sensory overload on Bangkoks busy streets.
Flower market: Bangkoks largest flower market, Pak Klong Talat, is open 24 hours but its busiest just after 2 a.m. when traders unload their fresh-cut blossoms in bulk. Its a kaleidoscope of colours with an incredible selection of orchids at jaw-droppingly cheap prices. The market is just south of Wat Pho and not far from the Grand Palace in the historical section of old Bangkok.
Patpong Road: For a walk on Bangkoks wild side, take an evening stroll along Patpong Road. It offers the incongruous mix of go-go bars and evening shopping. A thriving night market selling T-shirts, pirated DVDs and other souvenirs runs through the red-light district and spills onto the adjacent Silom Road, which is packed with street food vendors, restaurants and bars.
Have your say
Do you know a great free thing to see or do in Waterloo Region or Wellington County? Write by email to reporter Barbara Aggerholm at baggerholm@therecord.com. Later this summer, shell report back on your suggestions.
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Travel: Five great free things you can do in Bangkok