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Jackson County CASA: Light of Hope

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Court Appointed Special Advocates (CASA) is a national nonprofit network of 946 programs that recruit, train and support volunteers to represent the best interests of abused and neglected children in the courtroom and other settings.

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Since 1983, Jackson County CASA has existed as one of seven local CASA affiliates providing services to children and families in the Kansas City metropolitan area. Each year, there are nearly 3,000 children in the Jackson County court jurisdiction who suffer from abuse and neglect. And even with the involvement of every dedicated volunteer at Jackson County CASA, they can serve only 1,000 of those 3,000 children.

To better serve these children, CASA hosts an annual fundraising breakfast to raise awareness and donations for this great organization. I was proud to serve as honorary chair of the 13th Annual CASA Light of Hope Breakfast on April 18, 2013. Take a look at this video to see what this truly wonderful organization is doing to help abused and neglected children in Jackson County.

Visit jacksoncountycasa-mo.org to support CASA and/or to learn more about the organization’s programs and services.

When you click links marked with the “‡” symbol, you will leave UMB’s website and go to websites that are not controlled by or affiliated with UMB. We have provided these links for your convenience. However, we do not endorse or guarantee any products or services you may view on other sites. Other websites may not follow the same privacy policies and security procedures that UMB does, so please review their policies and procedures carefully.


Mr. Hagedorn is president and chief executive officer of UMB Bank and vice chairman of UMB Financial Corporation. Prior to this role, Hagedorn served as chief financial officer and chief administrative officer of UMB Financial Corporation. He joined UMB in March 2005.



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Happy Independence Day

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Happy Independence Day to our readers!

American Flag

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We hope that you have a safe and happy holiday. On this day we recognize our independence and freedom as a nation. We remember those who have fought to obtain and preserve that freedom on this day and every day.


UMB Financial Corporation (Nasdaq: UMBF) is a diversified financial holding company headquartered in Kansas City, Mo., offering complete banking services, payment solutions, asset servicing and institutional investment management to customers. UMB operates banking and wealth management centers throughout Missouri, Illinois, Colorado, Kansas, Oklahoma, Nebraska, Arizona and Texas, as well as two national specialty-lending businesses. Subsidiaries of the holding company include companies that offer services to mutual funds and alternative-investment entities and registered investment advisors that offer equity and fixed income strategies to institutions and individual investors.



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How to generate income during retirement

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Senior Couple WalkingWith the baby boomer generation already in or quickly approaching retirement age, it is important for current and soon-to-be retirees to determine the best approach to collecting the money from their 401(k), IRA, Roth IRA, pension plan, 403(b)  or social security.

You don’t want to spend your retirement years worrying about money. You should spend the time enjoying your family and hobbies or traveling! Planning ahead and working with a professional can help alleviate your anxiety.

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Here are some important things to remember about saving and spending during retirement:

  • Generate income using assets and investments

    Discuss with your financial planner how to generate income during retirement with the money you’ve set aside for this time in your life. Your planner can help you separate your assets into three groups: taxable, tax-favored and tax-free. If you take a blended approach to meeting your required minimum distributions, your money can last significantly longer.

  • Diversify your portfolio

    It is always recommended to have a portfolio of assorted investments. You don’t necessarily have to rely completely on safe, income-producing investments. Adjust your rate to your needs when necessary and don’t be afraid to spend capital from your retirement portfolio. Traditional IRAs, 401(k)s, 403(b)s, and self-employed plans are structured for you to withdraw from it over your lifetime. You might be nervous spending down these accounts, but a financial advisor can help you distribute these funds appropriately over the course of your retirement so that you can live comfortably.

  • Remember: taxes, timing, spending

    These three items are the most important factors to creating income during your retirement. You should understand your tax obligations because tax rates could help determine acceptable savings withdrawals.It’s also important to carefully time your retirement. The point at which you begin taking money from your retirement accounts can make a significant difference in the amount that is available several years into your retirement. Remember that some retirement funds charge a penalty if you withdraw before a certain age.Finally, it’s vital to spend wisely during this time in your life to ensure that you will have enough funds to last throughout your retirement. Do you want to splurge on a Hawaiian vacation during your retirement? If so, this is something you should plan for in advance. Talk to your advisor about any major spending you would like to do in your retirement. You might not be on a completely fixed income, but you need to be mindful of how much money you have to spend.

  • Educate

    Take the time to educate yourself before and during your retirement. Start planning early so you can enjoy this time in your life. Do your best to educate your children about saving for retirement and encourage them to start saving at an early age.

 

When you click links marked with the “‡” symbol, you will leave UMB’s website and go to websites that are not controlled by or affiliated with UMB. We have provided these links for your convenience. However, we do not endorse or guarantee any products or services you may view on other sites. Other websites may not follow the same privacy policies and security procedures that UMB does, so please review their policies and procedures carefully.


UMB Financial Corporation (Nasdaq: UMBF) is a diversified financial holding company headquartered in Kansas City, Mo., offering complete banking services, payment solutions, asset servicing and institutional investment management to customers. UMB operates banking and wealth management centers throughout Missouri, Illinois, Colorado, Kansas, Oklahoma, Nebraska, Arizona and Texas, as well as two national specialty-lending businesses. Subsidiaries of the holding company include companies that offer services to mutual funds and alternative-investment entities and registered investment advisors that offer equity and fixed income strategies to institutions and individual investors.



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Big fun at UMB Big Bash®

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Last week we had BIG fun at the third annual UMB Big Bash®. Huey Lewis & The News put on a fantastic show at The Midland and we raised $100,000 for Drumm Farm Center for Children (Drumm Farm) and Turner House Children’s Clinic (Turner House).

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We want to say a big thank you to:

  • Our sponsors and additional supporters, for helping raise money for two wonderful Kansas City non-profits
  • Our vendors, for providing delicious food for the concert-goers
  • The numerous people and organizations who donated items and trips to the silent auction
  • The people of Kansas City for giving us another sold out concert for our big fundraiser

Everyone had a great time at the show. Take a look.

UMB Big Bash 2013

Photo courtesy of Mark McDonald Photography

Pictured from left to right: Jim Rine (UMB President, Kansas City region), Brad Smith (Executive Director. Drumm Farm), Kathy Killip (Board President, Drumm Farm), Peter deSilva (UMB president and chief operating officer)

UMB Big Bash 2013

Photo courtesy of Mark McDonald Photography

Pictured from left to right: Jim Rine (UMB President, Kansas City region), Skip Gast (Board President, Turner House), Janet Burton (Executive Director, Turner House), Peter deSilva (UMB president and chief operating officer)

UMB Big Bash 2013

Photo courtesy of Mark McDonald Photography

UMB Big Bash 2013

Photo courtesy of Mark McDonald Photography

 

When you click links marked with the “‡” symbol, you will leave UMB’s website and go to websites that are not controlled by or affiliated with UMB. We have provided these links for your convenience. However, we do not endorse or guarantee any products or services you may view on other sites. Other websites may not follow the same privacy policies and security procedures that UMB does, so please review their policies and procedures carefully.


Mr. Hagedorn is president and chief executive officer of UMB Bank and vice chairman of UMB Financial Corporation. Prior to this role, Hagedorn served as chief financial officer and chief administrative officer of UMB Financial Corporation. He joined UMB in March 2005.



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Why Accept Credit Cards?

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Consumers are increasingly using credit and debit cards to buy everything from a pack of gum to a new car. Small business owners need to adapt to this trend and accept credit/debit transactions from their customers so they don’t miss out on potential revenue.

The numbers don’t lie. Take a look at this infographic to learn more.

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Why Accept Credit Cards Infographic


Mr. Brown serves as a product sales specialist, supporting sales channel strategy for the business segment in Consumer Banking. He joined UMB in 2010. Brown received a master's degree in business administration from Arizona State University in Tempe, Ariz. and a bachelor's degree in economics from Morehouse College in Atlanta, Ga.



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Wellness Counts: Invest in You

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Here at UMB, we encourage our associates to take personal responsibility for improving their health and that of their families. Already an important part of the company culture, we saw room for improvement in our current wellness plan and we knew we could do more. So in 2012, UMB rolled out a Health and Wellness program that was more thorough than anything we had done before. I volunteered to be the executive champion for this program because it’s important to me and it’s important to our associates.

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We want to have a healthier workforce. When we live a healthier lifestyle, we can positively affect our team. Living healthy often means you’re more alert, energetic and have fewer sick days. Not all health conditions are within our control, but many of them are. With our wellness plan, we focus on what our associates can control and put into place initiatives that give them the power to change their lifestyles for the better:

  • Medical plan discount incentive for associates enrolled in our medical plan who participate in various activities and receive a discount toward their monthly premium. Activities include completing health screenings (cancer, dental, vision, etc.), engaging in physical activity, and certifying that they are tobacco free.
  • Wellness coaches hired through Wellness Coaches USAto confidentially discuss health and wellness related topics and answer questions our associates might have. They can simply ask questions or even set goals with the coaches. The coaches will give them advice and tools to meet those goals and meet with associates to check on their progress.
  • Monthly newsletters to share our program offerings with associates. It includes an associate spotlight, information about what fruits and vegetables are in season, healthy recipes, and different ideas for exercise.
  • My blog to share with associates my thoughts and experiences on the monthly wellness topics. I also let them know about my wellness goals and how I’m progressing. For example, I’ve shared how I am working with our wellness coach about nutrition so I can develop healthier eating habits. Then in a later blog post I will share how I have been progressing toward that goal.

So far we’ve seen some fantastic progress. Our wellness coaches and health insurance carrier reported these findings over the past year:

Wellness Results Infographic

I’m extremely proud to say we’ve been recognized for the amazing efforts of our associates. UMB has been recognized as a Healthiest Employers finalist in Milwaukee (2012), St. Louis (2012), Wichita (2013) and Denver (2013). Just recently, the CEO Roundtable on Cancer honored UMB with the CEO Cancer Gold Standard for our efforts to reduce the risk of cancer for associates and their family members.

I realize this is only the beginning. We’re starting with awareness and slowly moving into building more engagement in the programs over time. We encourage our associates to evolve beyond any unhealthy habits they’ve developed and learn to lead a healthier lifestyle. As I’ve learned with the goals I’ve set with our wellness coach, the small successes will build over time and lead to a big difference.

 

When you click links marked with the “‡” symbol, you will leave UMB’s website and go to websites that are not controlled by or affiliated with UMB. We have provided these links for your convenience. However, we do not endorse or guarantee any products or services you may view on other sites. Other websites may not follow the same privacy policies and security procedures that UMB does, so please review their policies and procedures carefully.


Mr. Hagedorn is president and chief executive officer of UMB Bank and vice chairman of UMB Financial Corporation. Prior to this role, Hagedorn served as chief financial officer and chief administrative officer of UMB Financial Corporation. He joined UMB in March 2005.



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Financial planning is a marathon, not a sprint

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Whether you have just started the race and you are at the beginning of your career, or you are closing in on the finish line of retirement, you should stay on track with your financial planning. Much like running a marathon is different than a sprint, planning long-term financial goals is different than simply paying your bills every month. A knowledgeable financial partner can coach you through this and make the process seem less daunting. Similar to a mile marker showing you what point you are at in a marathon, certain life events signal when and how you should financially prepare.

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  • Just starting out

    Start saving as soon as possible to set the pace for this long-distance run. Consider opening a savings account and set aside whatever you can from each paycheck. With most banks, you can set up an automatic transfer from your checking account to a savings account so you won’t even have to think about it. Also consider a retirement fund—either a 401(k) or similar employer-sponsored plan, or an Individual Retirement Account (IRA) separate from your current job.

  • Planning for a family

    Thinking about starting a family? This is an important decision and one that you must be prepared for financially. Much like training before you run a marathon, adjusting your budget and saving for having kids is important. Paying for medical bills when the baby is born or financing adoption fees is no simple task. Not to mention childcare and other expenses related to children once you have them. Bottles, diapers, clothes, toys, it all starts to add up quickly!

  • Children’s education

    If your children plan to pursue higher education after high school, you will need to save for that expense. A four-year degree is estimated to cost $442,697.85 for students enrolling in 2031 if tuition increases seven percent per year. Does that number make you nervous? Planning ahead and starting to save when your children are born will help with some of that anxiety.

  • Pre-retirement

    As you see the retirement finish line in the distance, it is important to meet with your financial partner(s) to understand when you can retire and feel comfortable with your finances at that time. Ask how your retirement fund(s) is/are performing and whether or not you need to increase/decrease your contributions. Want to spend your retirement vacationing at that lake house you have always dreamed of? It doesn’t have to be a dream if you start budgeting now.

  • Post-retirement

    Now it’s time for the post-run cool down and stretch. After you retire, it is more important than ever to monitor your finances. You aren’t contributing to a retirement fund or planning to pay for your children’s college; instead you are now working on a fixed income and have to ensure that it will last for the rest of your life.

Marathon runners train very hard for a long time to prepare for those 26.2 miles. Often they don’t do it alone and will work with a trainer who helps them through the preparation. Utilize the expertise available at your bank and start preparing for the long-term so you can reach the finish line when and how you want.

 

When you click links marked with the “‡” symbol, you will leave UMB’s website and go to websites that are not controlled by or affiliated with UMB. We have provided these links for your convenience. However, we do not endorse or guarantee any products or services you may view on other sites. Other websites may not follow the same privacy policies and security procedures that UMB does, so please review their policies and procedures carefully.


Mr. Miles serves as assistant vice president and banking center manager in Denver. He is also a member of the UMB Consumer Advocate Team. He joined UMB in October of 2007. He is currently studying Organizational Leadership at Colorado State University.



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How to get your identity stolen

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You’ve read hundreds of articles about how to avoid identity theft, but if you actually want to lose your identity then just follow these ten simple steps:

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  1. Use your pets or child’s name as your email password
    Fluffy1234. Who would ever think of that? Identity thieves are using sophisticated technology to crack your passwords and steal your information. Using your dog’s name and a common number sequence will make it so easy that these identity thieves won’t even need a computer to figure it out.
  2. Over-share with your neighbor or a friendly stranger
    Always use the same personal identification number (PIN) or code for all your accounts, credit and debit cards. Remember when you had your neighbors watch your house and you gave them your garage code? Well now they also have your PIN for all your accounts. And what about that friendly stranger who offers to sell you a tropical vacation for pennies on the dollar? Once you give them your name, address and payment information, your identity could be as good as gone!
  3. Throw away personal documents without shredding
    Throw away receipts, old bill statements and credit card applications without shredding them. A more low-tech identity thief will just dig through your dumpster and use the information in receipts and bills to access your personal information. Then he will sign up for a credit card in your name with the application you threw away the other day. He’ll be sitting on a beach sipping a frozen drink after he spent all your money on that tropical vacation we mentioned while you spend months recovering your lost finances and clearing up your credit report.
  4. Make yourself an easy target for pickpockets
    Don’t pay attention to your surroundings in a crowd. Leave your fanny pack unzipped so anyone can reach right in and grab your wallet. This saves an identity thief from the trouble of looking for your information. He can just use your ID and credit or debit cards.
  5. Don’t password protect any personal devices
    Don’t password protect any of your personal devices (laptops, tablets, smartphones, etc.) and leave them out where anyone can access them. Why waste the time pushing buttons to unlock your smart phone when you could be taking a picture of your dinner!
  6. Respond to suspicious emails
    Even if it seems suspicious, respond to all emails asking for your personal information. Click on suspicious links too! This will route you to a website or file download that will make it really easy for you to share all of your online activity with the identity thief – user names, passwords, card numbers, you name it!
  7. Respond to suspicious requests on social media
    Easily hacked passwords on your social media sites allow identity thieves to pose as you and try to con your friends out of their personal information and even their money. Oh, and your ex really is stuck in London without a passport or money! Wire that $5,000 right away!
  8. Transfer money on an unsecure website or via email
    Speaking of sending money, be sure you give out your bank account info via email because it’s definitely a safe way to shop online. Throw in your Social Security number and your mother’s maiden name while you’re at it.
  9. Be careless with logins and personal information in public
    Openly log in to your personal accounts while you’re on a laptop or phone in a public setting. Balance your checkbook in a coffee shop and be sure you move out of the way so the identity thief can clearly read your account number.
  10. Never review your bank account statements
    They say ignorance is bliss. It’s true. If you never look at your account statements, you’ll never know if someone has your account information and is spending all your money. You’ll also never know when your spouse dropped a couple hundred dollars on a shopping spree!

Of course, we are joking and having a little fun with this post. At UMB we take privacy and security very seriously, especially when it comes to our customers. You might think identity theft can’t happen to you, but it is still very common and a few simple things can keep you protected. Just do the exact opposite of everything on this list. Or, take a look at our website to learn more tips and tricks to protect your information and your identity.

 

Bank deposit products provided by UMB Bank n.a., Member FDIC. Equal Housing Lender


Ms. Flores serves as senior vice president and Chief Information Security Officer, providing oversight of UMB’s information security and privacy programs. She joined UMB in 2010 and more than 15 years of experience in information technology and information security. She attended Kansas State University with a focus on management information systems and is a Certified Information Security Manager (CISM), Certified Information Privacy Professional (CIPP/US) and Certified Information Systems Auditor (CISA).



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UMB Big Bash® beneficiaries: Drumm Farm and Turner House are doing big things in Kansas City

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Have you heard of Drumm Farm Center for Childrenor Turner House Children’s Clinic? These two organizations are doing amazing work right here in Kansas City to support local children. And they just happen to have been chosen to be the two beneficiaries of the 2013 UMB Big Bash®.

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Drumm Farm Center for Children farmers market gardenDrumm Farm Center for Children (Drumm Farm) supports children in foster care and their foster families. Their mission is “to provide stable nurturing environments for children in foster care, keep siblings together, and inspire lifelong connections by being a resource for children and families.”

 

 

 

Drumm Farm provides support programs, counseling services and on-campus accommodations, and offer stability for children in foster care. The on-site housing combined with support from the professionals on staff creates a home environment where both the families and the children can work toward achieving permanency.

One of their more unique programs is the Drumm Farm Farmer’s Market. Open from May through September, this program includes a three-acre garden and small livestock. The children on campus help with farm operations, so they can learn valuable life skills and connect with nature. The Drumm Farm Farmer’s Market is open to the public from 8 a.m. to noon on Saturday from May through September.

Drumm Farm also provides programs to transition young adults who have aged out of the foster care system. The staff provides instruction, life-skill development and supervision to prepare these children to be successful adults.

Turner House Children's Clinic flu shotTurner House Children’s Clinic (Turner House) serves low income, uninsured and underserved children in the Kansas City Metro. Their goal is “to ensure that underserved and uninsured children have a medical home in which they receive quality affordable healthcare to treat acute conditions, prevent disease through regular well-child exams and immunizations, and manage chronic conditions such as asthma and obesity.”

 

 

Turner House serves approximately 4,000 patients and completes more than 9,200 visits each year. They offer many services, including well-baby and well-child physicals; school and sports physicals; immunizations, same day sick child appointments, hearing and vision screenings, developmental screenings, referrals to specialists and Medicaid enrollment. They also provide patient and community education. Turner House is open each weekday plus two evenings a week and Saturday mornings. This expanded schedule helps keep children away from expensive, non-urgent emergency room visits.

Each year, Turner House offers Back to School Physicals. Between July 1st and Sept. 30th, they provide close to 1,000 children with physicals and immunizations before they go back to school. Without up-to-date shots, children are in danger of being exposed to childhood diseases, which can keep them from attending school and expose other children. When area school districts realized several years ago there were large numbers of children without current physicals and shots, they decided to strictly enforce state immunizations requirements. Turner House works to ensure these children are healthy and ready to go back to school in the fall.

You’re probably wondering, “What can I do to support these two fantastic organizations?” Of course I encourage you to volunteer or make a donation, but you can also have big fun supporting Drumm Farm and Turner House by attending UMB Big Bash on June 20. The annual fundraiser will include a concert by Huey Lewis and The News, as well as great food from local Kansas City restaurants and a silent auction.

 

When you click links marked with the “‡” symbol, you will leave UMB’s website and go to websites that are not controlled by or affiliated with UMB. We have provided these links for your convenience. However, we do not endorse or guarantee any products or services you may view on other sites. Other websites may not follow the same privacy policies and security procedures that UMB does, so please review their policies and procedures carefully.


Mr. Hagedorn is president and chief executive officer of UMB Bank and vice chairman of UMB Financial Corporation. Prior to this role, Hagedorn served as chief financial officer and chief administrative officer of UMB Financial Corporation. He joined UMB in March 2005.



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Your Bank: It’s more than a place to get free candy and custom checks

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Banks and technology have evolved in the past 20 years and this has changed the way you interact with your bank. Even though the buildings, technology and even the industry have changed, your relationship with your bank is still the same.

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You should still expect a partner in your bank. The professionals at your bank should walk you through financial situations so you can plan beyond simply paying your monthly bills.

Your bank should:

  • Help you create a financial plan that is a series of relatively simple steps that fit into your life in a practical way,
  • Advise on relevant, current topics, and
  • Connect the dots between global economic issues that could impact your goals

Banks have a responsibility to be transparent and to provide you the tools to achieve your financial dreams! Check out this video about what an advisor at your bank can do to help you do just that.

Bank deposit products provided by UMB Bank n.a., Member FDIC. Equal Housing Lender




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