Page 12 THE MALDEN ADVOCATE–Friday, November 11, 2022 Golden Tornadoes get healthy for stretch run Malden hopes to take a step in the right direction with strong fi nish By Joe McConnell A fter a week off to get key personnel healthy for the stretch run, the Malden Golden Tornadoes were scheduled to face visiting Beverly in a non-playoff game on Thursday night, Nov. 10, at MacDonald Stadium. “We should be healthy up front on both the off ense and defensive side of the ball,” said Head Coach Witche ExilhomTORNADOES | SEE PAGE 15 SHORT TERM LADDERED U.S. TREASURIES has only 6 months to mature and the 6 month Treasury Bill now has only 3 months to mature. The process repeats itself. The laddered short-term W ith the Federal Reserve increasing the overnight federal funds rate once again by .75%, interest rates on US Treasuries have not been this good in many years. The interest rate on the 90 day US Treasury Bill as of Friday, November 5th, was 4.06%. Interest rates will continue to rise into the new year until the Feds are convinced that infl ation is under control and refl ects consistent downward trends. At some point the Feds will begin lowering the federal funds rate and the rates on US Treasuries will fall. Once approach to investing in such Treasuries is by utilizing a laddered short-term Treasury Bill portfolio. For example, if you invested $50,000 in such a portfolio, you could have fi ve different maturing Treasury Bills, each with $10,000. There would be a 3 month Treasury Bill, a 6 month Treasury Bill,a 9 month Treasury Bill , a 12 month Treasury Bill and a 15 month Treasury Bill. As the 3 month Treasury Bill matures, interest is added to the $10,000 and that amount is then invested in a 15 month Treasury Bill. The original 15 month Treasury Bill now has only 12 months to mature, the 12 month Treasury bill now has only 9 months to mature, the 9 month Treasury Bill now Treasury bill portfolio offers very good liquidity and of course, tremendous safety. The Treasuries are backed by the full faith and credit of the United States government. As long as you hold on to each bond until maturity, you will not lose any money, even if interest rates continue to rise. There is an inverse relationship between interest rates and an existing bond price. When interest rates rise, the price of that bond will decrease. When interest rates fall, the price of that bond will increase. The benefi t of the short-term duration laddered Treasury portfolio is that every three months you are investing in a new Treasury. If interest rates rise, the new Treasury will refl ect the higher rate. Also, they are state income tax free. If you needed to access monies, you could decide not to roll over a 3 month Treasury Bill into a 15 month Treasury Billupon maturity. You could simply cash in the 3 month Treasury Billwith the interest earnings added to the original bond purchase. This strategy could be on option for those that wish to invest safely while earning rates of returns that we have not seen in many years. This strategy could also complement a typical stock and bond portfolio designed for long-term results. Hard to believe that only one year ago the interest rate paid on a 3 month Treasury Bill was only .05%. Joseph D. Cataldo is an estate planning/elder law attorney, Certifi ed Public Accountant, Certifi ed Financial Planner, AICPA Personal Financial Specialist and holds a master’s degree in taxation. Malden RB Kervenson “Kevin” Exilhomme on the carry Malden Quarterback Aidan Brett battled for some yardage against Lynn English recently. (Advocate fi le photos) ~ LEGAL NOTICE ~ NOTICE OF FUNDING AVAILABILITY (NOFA) American Rescue Plan Act Funds Available for Vacant Property Acquisitions NOFA RELEASED: QUESTIONS DUE: ADDENDUM RELEASED: APPLICATIONS DUE: APPLICATION OPENING: NOVEMBER 9, 2022 AT 10:00 A.M. DECEMBER 1, 2022 AT 10:00 A.M. DECEMBER 1, 2022 AT 4:00 P.M. DECEMBER 12, 2022 AT 10:00 A.M. DECEMBER 12, 2022 AT 10:00 A.M. DELIVER SEALED APPLICATIONS TO: Malden Redevelopment Authority 215 Pleasant Street, Third Floor Malden, MA 02148 The City of Malden has received $45.7 million in American Rescue Plan Act (ARPA) Local Fiscal Recovery funds and has granted $2 million to the Malden Redevelopment Authority (MRA) to acquire, rehabilitate, and sell vacant properties as affordable homes to income-eligible households. The MRA is accepting applications from qualified applicants for the acquisition of vacant properties. Applicants must be owners of vacant property located in the city of Malden. Applications are available upon request. Applications are due on December 12, 2022 at 10:00 A.M. The City’s Office of Strategic Planning and Community Development (OSPCD) will review applications for accuracy and completion. OSPCD staff may request additional information after an application has been received. Please submit any application requests or questions in writing to OSPCD Housing Program Coordinator Kristina Tseng at ktseng@cityofmalden.org with “Vacant Properties Acquisition” in the subject line.
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