PROPOSED NEW SIGN BYLAW TO BE VOTED ON AT SPECIAL TOWN MEETING ON NOVEMBER 6

The Proposed Sign Bylaw which will be presented at the November 6, 2017, Special Town Meeting. 

    The Planning Board, along with representatives from the Rehoboth Business Association, have been working diligently on providing the residents of Rehoboth with a sign bylaw that both preserves the rural, agricultural characteristics of the town while promoting a healthy business environment.

    To read the proposed new sign bylaw for the Town of Rehoboth, click here.

 

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ATTENTION: REHOBOTH BUSINESS OWNERS

Local business owners should be aware of a new police for filing a business certificate in Rehoboth. If you file a “Doing Business As” form, you must first go to the building inspector-zoning office before submitting your paperwork to the town clerk’s office.  They need to determine if your business is properly zoned and if any other filings are necessary before your business certification is authorized at the Town Office.  So, please go to the Building Inspector’s office at 320 Anawan Street first before seeing the town clerk.  Business certification is valid for a period of four years and will cost you $50.  If you have any questions, please contact Laura Schwall or Lynn Shaker at 508-252-6502, ext. 109.


PUT LESSONS FROM “RETIREMENT WEEK” TO WORK

To raise public awareness about the importance of saving for retirement, Congress has designated the third week of October as National Save for Retirement Week. What lessons can you learn from this event?  

First of all, save early – and save often. Too many people put off saving for retirement until they are in their late 40s – and even their 50s. If you wait until you are in this age group, you can still do quite a bit to help build the resources you will need for retirement – but it will be more challenging than if you had begun saving and investing while you were in your 20s or early 30s. For one thing, if you delay saving for retirement, you may have to put away large sums of money each year to accumulate enough to support a comfortable retirement lifestyle. Plus, to achieve the growth you need, you might have to invest more aggressively than you’d like, which means taking on more risk. And even then, there are no guarantees of getting the returns you require.

On the other hand, if you start saving and investing when you are still in the early stages of your career, you can make smaller monthly contributions to your retirement accounts. And by putting time on your side, you’ll be able to take advantage of compounding – the ability to earn money on your principal and your earnings.

Here’s another lesson to be taken from National Save for Retirement Week: Maximize your opportunities to invest in the tax-advantaged retirement accounts available to you, such as an IRA and a 401(k) or similar employer-sponsored retirement plan. If you have a 401(k)-type plan at work, contribute as much as you can afford every year, and increase your contributions whenever your salary goes up. At a minimum, put in enough to earn your employer’s matching contribution, if one is offered.

Apart from saving and investing early and contributing to your tax-advantaged retirement accounts, how else can you honor the spirit of National Save for Retirement Week? A key step you can take is to reduce the barriers to building your retirement savings. One such obstacle is debt. The larger your monthly debt payments, the less you will be able to invest each month. It’s not easy, of course, to keep your debt under control, but do the best you can.

One other barrier to accumulating retirement resources is the occasional large expense resulting from a major car repair, sizable medical bills or other things of that nature. If you constantly have to dip into your long-term investments to meet these costs, you’ll slow your progress toward your retirement goals. To help prevent this from happening, try to build an emergency fund big enough to cover three to six months’ worth of living expenses. Since you’ll need instant access to this money, you’ll want to keep it in a liquid, low-risk account.

So, there you have them: some suggestions on taking the lessons of National Save for Retirement Week to heart. By following these steps, you can go a long way toward turning your retirement dreams into reality.

Linda M. Ferreira, AAMS

Financial Advisor

Edward Jones

492 Winthrop Street, Unit 1

Rehoboth, MA 02769

508-336-4606


Edward Jones, its employees and financial advisors cannot provide tax or legal advice. You should consult your attorney or qualified tax advisor regarding your situation. This article was written by Edward Jones for use by your local Edward Jones Financial Advisor.

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BCSB OFFERS LOANS TO
SMALL BUSINESS

Bristol County Savings Bank is one of fifty-one Massachusetts banks participating in the Small Business Banking Partnership created by the Massachusetts State Treasury.  This program is redistributing state tax funds to insured, responsible community banks that will extend new loans to small businesses.

    Bristol County Savings Bank was originally approved for and received $5 million under the Small Business Banking Partnership in July 2011 and then received an additional $5 million in funds under the expanded program in March 2012.  The bank is currently one of only twenty-nine Massachusetts banks to have received the additional funding, up to the maximum of $10 million.

   Since July 13, 2011, Bristol County Savings Bank has originated 355 small business loans that meet the underwriting requirements outlined by the Small Business Banking Partnership, with committed original loan balances totaling $40,670,892.20, and with outstanding principal balances of $18,530,911 as of June 30, 2016.

     This initiative is not costing Massachusetts taxpayers as it simply reallocates previously paid tax funds from the treasury to local banks.  In this way, tax funds are being used to speed economic recovery through new loans to small businesses which, in turn, will lead to new jobs and more money available to engage in business activity.

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REPRESENTATIVE STEVEN

HOWITT SPEAKS AT REHOBOTH BUSINESS ASSOCIATION DINNER

The Rehoboth Business Association recently hosted a well-attended dinner meeting at M & D’s Restaurant on Route 44 in Rehoboth with guest speaker Representative Steven Howitt.

    Following a delicious dinner, the RBA membership discussed the town’s proposed new sign bylaw to be voted on by residents at the Rehoboth Special Town Meeting on November 6 in the DRRHS auditorium beginning at 7 PM.

     “The RBA played a big part in making it business friendly,” said RBA President Tim Johnson.  “If anyone has concerns or questions, please contact a board member so we can address it,” added Johnson.

     Representative Howitt gave an update from the state house and detailed current issues being addressed by state lawmakers.  One of the biggest issues facing the commonwealth is health care.  Howitt said that 40% of the state budget goes, in some way or form, to cover the Mass Health budget.

    Howitt also reminded the group the state Department of Transportation is scheduled to repave Route 44 from Seekonk to Taunton next year.

    New members are always welcome to join the RBA that represents the interests of local business people.  Visit rehobothbusiness.com for more information.