Treasurer’s Top 10: Washington County

Washington County CourthouseThis week, we highlight Washington County! Here’s a look at the Top 10 people there with unclaimed assets. Do you know anyone below?

If so, have them check out www.kansascash.com  and search their name to make a claim. They can also call 800-432-0386 (toll-free) or 785-296-4165.

  1. Gerald C. Richard
  2. Robert & Beverly Clifton
  3. Gertrude Marlowe Trust
  4. Ralph Bolejack
  5. Harry & Nellie Vanscoyk
  6. William B. Droegemueller
  7. Emilio Aguirre-Chavez
  8. Nicholas R. Adkins
  9. Albion J. Avery
  10. Gertrude Cumro

National Association of State Treasurers brings Treasury Management Training Symposium to Kansas City

Treasurers Estes and Zweifel collaborated to bring this event to Kansas City

KANSAS CITY, Mo. – Missouri State Treasurer Clint Zweifel (ZWY-ful) and Kansas State Treasurer Ron Estes today welcomed State Treasurers, investment officers and other financial leaders to Kansas City for the Treasury Management Training Symposium. The Symposium, offered by the National Association of State Treasurers (NAST), will be held from May 12-15 at the Westin Crown Center and includes workshops to share and promote the best practices for managing public finances. More than 400 attendees are expected from across the country and will have the opportunity to visit venues across the Kansas City area such as the Kaufman Center for Performing Arts and the Sporting KC Stadium.

“I am excited to welcome hundreds of financial experts, elected officials and other public investment officers to Kansas City for what will be an invaluable educational experience,” Treasurer Zweifel said. “State Treasurers and public financial officers are on the frontlines of responsible fiscal policy, and events like these, which include financial officers from around the country, are a great way to ensure we all are using the most efficient and secure methods to invest and safeguard the public funds we manage. Treasurer Estes and I are proud of the Kansas City region for the role it plays in our respective states. This event is an opportunity for us to spotlight the city, its residents and the many unique qualities that make it not only a major business venue but also a wonderful place to visit and a great place to live.”

NAST was founded in 1976 and serves as an educational association for state treasurers and their staff by advocating for and supporting states in their efforts to pursue and administer sound financial policies and programs that benefit the citizens of the United States.

“NAST offers a valuable platform for all State Treasurers to discuss matters of mutual concern, exchange information regarding innovative programs and policy, and communicate state positions on financial matters pertinent to our states,” said Kansas State Treasurer Ron Estes. “By reaching across state lines and working shoulder to shoulder through NAST, we accomplish more in our collective efforts to cultivate and improve each state’s respective programs. I’m honored to be co-hosting this conference with Treasurer Zweifel and look forward to the many public finance discussions to be had with all our attendees.”

The Symposium specifically focuses on training for state treasury staff members and will address topics geared toward managers of public funds including college savings, debt management, banking and investments, and unclaimed property. Attendees will have a chance to participate in breakout sessions, hear from experts and share ideas with their counterparts in other states. A complete conference agenda can be found at: http://ow.ly/MxElL.

This is the second time a NAST conference has been held in Kansas City and the sixth time the organization has held an event in Missouri. To learn more about NAST and its members visit NAST.org. Treasurers Estes and Zweifel will be sharing pictures from the event on social media via @RonEstesKS and @MOTreasurer respectively. You can follow NAST on Twitter at @StateTreasurers.

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Treasurer’s Top 10: Grant County

This week, we highlight Grant County! Here’s a look at the Top 10 people there with unclaimed assets. Do you know anyone below?

Grant County Courthouse

Grant County Courthouse, Ulysses, Kansas (Photo by J. Stephen Conn)

If so, have them check out www.kansascash.com  and search their name to make a claim. They can also call 800-432-0386 (toll-free) or 785-296-4165.

1. Mildred Michael

2. Carl Dart

3. Metcalf Trucking Inc.

4. Lester Bullock

5. Robert Butler Sr.

6. Elsie Ellis

7. Dove Rexroat

8. Norma Melder

9. Lillian Walters

10. Homero Leos

Money Matters: How to Make Up for Lost Time

The following post comes from the Military Saves Blog.

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We all know that it’s best to start saving for retirement at a young age. But what if that isn’t possible? For many, it isn’t; other financial obligations can prevent making retirement savings a priority.

clockOr maybe these late savers did not have the option of starting a retirement savings account through their employer. Whatever the reason, it’s never too late to start saving. In this article by Dr. Barbara O’Neill from eXtension, tips are offered to these late savers to maximize their savings in a short amount of time, including:

· Increasing the amount saved each month
· Reducing expenses in order to increase savings
· Accelerating household debt repayment
· Taking on a second job
· Investing aggressively
· Automating investment deposits
· Maximizing tax-deferral opportunities
· Preserving lump sum distributions by using a roll-over option

In addition to increasing savings, late savers should also consider reducing the amount of money they will need in order to retire. Suggested ways to reduce post-retirement expenses include:

· Downsizing to a smaller home
· Moving to a less expensive location
· Delaying retirement
· Working during retirement
· Tapping into home equity thought a reverse mortgage or a sale-leaseback arrangement
· Making tax-efficient retirement asset withdrawals

Using these strategies to catch up on retirement savings takes discipline and may require some sacrifice. But no matter the time, the best day to begin saving for retirement is today!

The information in this post is based on an article written by Dr. Barbara O’Neill on behalf of eXtension. Dr. O’Neill is the FAQ coordinator for the Personal Finance group of the Military Families Learning Network.

State Treasurer Estes Thanks Governor Brownback for Signing Disability Savings Bill

FOR IMMEDIATE RELEASE
April 29, 2015

TOPEKA, Kan. – State Treasurer Ron Estes thanked Governor Sam Brownback today for signing HB 2216 for the Kansas Achieving a Better Life Experience (ABLE) Savings Program.

Gov. Sam Brownback signs HB 2216

Gov. Sam Brownback signs HB 2216 while joined by the state treasurer, state legislators and members of disabled advocacy groups who were instrumental in the success of the bill April 29, 2015.

The program, introduced by Kansas State Treasurer Ron Estes and Representative Erin Davis (R-Olathe) in January, is an initiative that will provide individuals living with disabilities a new way to save for their future.

“I’d like to thank Governor Brownback, Representative Davis, Senators Baumgardner and Smith; Jawanda Mast, and the many disabled advocacy groups for their support of this initiative,” said Kansas State Treasurer Ron Estes. “The signing of this bill marks yet another milestone for the Kansas ABLE Savings Program as it marks one step closer to our end-goal of helping Kansans living with disabilities take charge of their future.”

The Kansas ABLE Savings Program will be administered by the State Treasurer’s Office and will allow disabled individuals and their families to save for their child’s future education, health and wellness costs, housing, transportation and related expenses in a tax-deferred savings account comparable to a Roth IRA.

“Under current law individuals with disabilities face significant challenges when it comes to maintaining employment and living an independent life since access to certain Federal support programs like Medicaid and Supplemental Security Income can be lost if they exceed an asset ceiling limit of $2,000 in savings,” explained Estes. “This restriction is particularly concerning as it makes any degree of long-term financial planning extremely difficult and creates a disincentive to work.”

Assets in ABLE accounts will be sheltered from asset tests for Medicaid and Social Security Disability benefits within limits established by federal legislation.

Children and adults whose disability occurred before age 26 and who meet Social Security disability standards or have a disability certification will be eligible to have an ABLE account. Friends and relatives will be able to contribute up to $14,000 per beneficiary each year.

“Now that we’ve worked our way through the legislative process, we plan to immediately shift efforts to the nuts and bolts of building this program and will continue to see this initiative through to the finish line,” said Estes.

Ron Estes is the 39th state treasurer for the state of Kansas and is the first state-wide elected official from the city of Wichita in 20 years. He was elected to serve as the Midwest Regional Vice President for the National Association of State Treasurers 2012-2013, and now serves on the College Savings Plans Network Executive Board. Ron has also served as Sedgwick County Treasurer and as the treasurer for the Kansas County Treasurers’ Association. He was born in Topeka and is a fifth-generation Kansan. His family continues to run a farm in Osage County. Ron and his wife, Susan, have three children.

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For more information:
Ashley Murdie
Director of Communications
785.296.3538
ashley@treasurer.ks.gov

State Treasurer Warns of Telephone Scam Requesting Taxes

FOR IMMEDIATE RELEASE: 

April 28,2015

TOPEKA, Kan. — State Treasurer Ron Estes warns Kansans of suspicious phone calls using the number for the Unclaimed Property Division on caller ID to make it appear that the state or Internal Revenue Service (IRS) is calling to request taxes.  State Treasurer Ron Estes

The automated phone calls claim to be part of the IRS and state that individuals still owe taxes. The recording then directs callers to select a preferred payment plan.

“These automated phone calls should be ignored as they are not being sent from our Unclaimed Property Division,” said Ron Estes, Kansas State Treasurer. “I urge all Kansans to be vigilant against phone and email scams that use the IRS or Kansas state agencies as a lure and avoid responding.”

Estes reminds Kansans that the State Treasurer’s Office will never request individuals to provide personal information to an automated phone call or charge a fee to return unclaimed property—both common indicators of scams related to unclaimed property in the past.

“If you ever question the validity of any correspondence or phone calls related to the State Treasurer’s Office, please don’t hesitate to contact our office for verification,” said Estes. “We take great pride in the integrity of our program and work hard to ensure safeguards are in place to protect personal information and unclaimed property belonging to Kansans.”

Kansans who receive suspicious phone calls claiming to be from the IRS can call and report them to the Treasury Inspector General for Tax Administration at 1-800-366-4484.  Kansans who believe they may have unclaimed property available to claim at the State Treasurer’s Office should search the state’s official website, http://www.kansascash.com, or call the Unclaimed Property Division at 1-800-432-0386 (toll free).

Ron Estes is the 39th state treasurer for the state of Kansas and is the first state-wide elected official from the city of Wichita in 20 years. He was elected to serve as the Midwest Regional Vice President for the National Association of State Treasurers 2012-2013, and now serves on the College Savings Plans Network Executive Board. Ron has also served as Sedgwick County Treasurer and as the treasurer for the Kansas County Treasurers’ Association. He was born in Topeka and is a fifth-generation Kansan. His family continues to run a farm in Osage County. Ron and his wife, Susan, have three children.

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For more information:
Ashley Murdie,
Director of Communications
785.296.3538
ashley@treasurer.ks.gov

Spring into action!

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