http://dreambigsite.org/ en cdemedeiros@icmarc.org Copyright 2012 2012-05-17T20:56:34+00:00 http://thedreambigsite.org/articles/choosing-a-college-education-savings-plan-part-one-529-plans/ http://thedreambigsite.org/u/335/ My husband and I have thought of many different ways to save for our baby’s education and when we started researching, we had many questions: Do we open a regular savings account that accrues minimal interest? Could we just put money away in a long-term certificate of deposit? What types of savings plans are available to us? With so much information on the Internet we became overwhelmed.   During our search, we saw information about college-savings plans. Neither of us were familiar with them since we funded our college education through scholarships, loans, and money from working part-time.  After reading more about these plans, we found that there are actually two commonly used savings account types: the 529 plan and the Coverdell Education Savings Account (ESA).   We’re still researching, but here’s what we have learned so far about 529 plans. This type of savings account allows parents or other relatives to contribute money each month toward the future costs of a child’s college education. There are two types of 529 plans: prepaid tuition plans and college-savings plans. Prepaid Tuition Plans are state-managed investment accounts sponsored by a state, state agency or educational institution. The plan allows you to pay for future college fees at today’s costs, and the invested money is guaranteed by most state governments. This can be a good option if you have a good idea of where your child will be attending college.  College Savings Plans give parents or other relatives who may be contributing to a future college students’ education the opportunity to open an account for the purpose of saving for college expenses. Investment options include stock mutual funds, bond mutual funds and money market funds. Like target-date funds, there are age-based portfolios that automatically shift from aggressive to more conservative as the account’s beneficiary nears college age. With this type of plan, you are not able to “lock-in” current college costs, but your investment will cover qualified fees associated with higher education, including room and board, administrative fees, books and computers. Funds from this type of account can be used at any college or university. Unlike prepaid tuition plans, there is no state guarantee on your money; your money may not make a profit and could decline in value. In addition, there may be an enrollment period. Finaid.org has additional information on prepaid college tuition plans and college-savings plans. With this and other information, my husband and I have lots to consider! Check back for my next update where I’ll explore the Coverdell ESA.   While we believe the external websites listed above are reputable, we neither endorse them nor can vouch for their complete accuracy. AC: 0512-5668 Saving 2012-05-17T19:56:34+00:00 http://thedreambigsite.org/articles/retirement-its-not-too-early-to-plan-/ http://thedreambigsite.org/u/334/ Often, young workers think, “Retirement? I’m much too young to think about that …”   Wrong. Upon my introduction into the workplace and landing my first real job with a financial institution, I believed I had it all figured out. I was making more money at this point in time than I had made in my entire life. My goals were to purchase a car, continue my education, buy clothes, and maybe save a small amount in the bank.   I was fortunate to work for a vice president who took on a one-man crusade to educate his staff about joining the company’s retirement plan. He explained the importance of setting aside money in your 401(k) plan for the future. At the young age of 19 I thought, “Why would I want to give my money to someone else to hold and invest?” I need my money now. My feeling was, “Retirement? Puhleaseee … I’m not even planning on working at this company for seven years.”     At that time seven years represented when you would be 100 percent vested. He showed us visuals illustrating how your money (contribution) would grow. He also stated that the company would match up to 4 percent of whatever we contributed. But in order to qualify for the match, we had to contribute. No contribution, no match. With that, he had my attention but I still thought, “I need my money now.”   Then the one-man crusader said, “Think about it this way. When you receive an increase in your pay, contribute the amount of your increase into your retirement plan. Just think, you budgeted and managed just fine before you got your raise, right? So pretend you didn’t receive an increase and place it in your retirement plan; and remember, the company will match up to 4 percent of whatever you contribute.”    I thought to myself, now that sounds sweet. I believe I can do that. And that I did. I contributed the 4 percent that my employer matched. My only regret many, many years later is that I did not contribute more.   Why save in a retirement plan? In retirement, you will need to cover expenses such as, insurance, medical, dental, home ownership or rental, and long-term care. Social Security may not be around and even if it is (or if you qualify), retirement plan money can help cover your expenses. Lessons learned: Start contributing to your employer’s retirement plan early and increase your contributions periodically, even if there is no match.  When you receive your annual increase, pretend you did not receive it and contribute that amount or a part of the increase to your retirement plan. Retirement is closer than you think; today you may be starting a career, but tomorrow you may be a grandparent. Bottom line:   If you want to live the same type of life style or better in your retirement years, start saving today — save smart so you might be able to retire early.   While we believe the external website listed above is reputable, we neither endorse it nor can vouch for its complete accuracy.   AC: 0412-5646 Saving 2012-05-08T11:50:22+00:00 http://thedreambigsite.org/articles/baby-makes-three/ http://thedreambigsite.org/u/333/ As young professionals with a new baby, my husband and I have had to make many adjustments in the past few months since our son was born, and more recently, since I‘ve returned to work full-time. Let me be the first to say that babies are a wonderful blessing. They’re cute, cuddly and usually smell pretty good.   And the reality is that the addition of a little one can turn a relatively normal existence into a whirlwind of diaper changes, doctors’ appointments and middle-of-the-night feedings.   From a financial standpoint, they are expensive, and while it may be difficult to set aside money for all of the different long-term goals that we have as a couple in addition to putting away money for our baby’s college expenses, my husband and I are determined to make it work. I’ll share with you a few of our goals at this point: Research and open a college savings account for baby’s college expenses Create and stick to a budget to help us manage our new and existing expenses Get a better handle on our new routine in hopes of finding our work-life balance Staying  focused on our big financial picture Over the coming months, I’m going to share some of our challenges — and triumphs — with you, in hopes that you will also share some tips and tricks of your own.  It takes a village to raise a child, and it takes helpful resources to keep that village on the right track! Stay tuned! AC: 0412-5633 Saving 2012-04-30T20:09:31+00:00 http://thedreambigsite.org/articles/saving-for-retirement-dont-procrastinate-automate/ http://thedreambigsite.org/u/184/ Do you hear yourself saying, "I have plenty of time to save" or "I can do it later…"? Well, that's the voice of procrastination, a persistent, relentless pest that can easily steal time and money from you.  One of the easiest ways to start saving both time and money is by automating!   Here are some tips for automating your savings: Tax-deferred retirement savings plans – Authorize your HR department to automatically deduct your contributions via payroll for your tax-deferred 457 or 401 plan. If you can afford it, try to contribute the maximum amount allowed by law. See “Putting Your Employer’s Retirement Plan to Work” for more on tax-deferred plans. Automatic deductions for your Individual Retirement Account (IRA) – Most IRAs, whether through your employer or a bank, allow you to sign up for automatic deductions, so you don’t need to write checks on a regular basis. Savings, money market or CD accounts – These are great savings vehicles for emergencies and you can either have your HR department direct a portion of the pay check to these accounts or set it up yourself online through your bank. For example, if all of your pay check goes to your checking account, you can set it to have a certain amount of that money to go to your savings account regularly. Most automatic deposit services set up via your HR department or your bank are free. Confirm before enrolling. Plus, there are no envelopes or postage stamps, and no waiting in bank lines to conduct your financial transactions.   Waiting to save can cost you more in the long run, so why not automate today? Saving, Retirement 2012-04-04T12:00:18+00:00 http://thedreambigsite.org/articles/getting-a-foot-in-the-door-might-require-lots-of-baby-steps-/ http://thedreambigsite.org/u/251/ A tough economy affects everyone, and high unemployment increases the competition for workers at all levels looking to land a job. But what about those of us at the earlier end of our careers, who may not have many years of experience or well-connected past or present colleagues to help us?   A recent CNN Money article describes a young woman who has already been laid off twice by age 24 — and who graduated college with $132,000 of debt! That wouldn’t be easy to pay off even with a steady job.   And without a steady job, it can be very difficult to maintain a completely independent lifestyle. According to another article, as many as 85 percent of college seniors graduating in May 2010 expected to move back in with their parents for some length of time. That’s probably not the situation many college graduates — or their parents — had hoped for, but at least it can buy them some time to get on their feet without worrying about rent.   So how can young workers eventually get a job and get on their feet financially? Like other workers, they will just have to be persistent and keep trying. And it doesn’t hurt to get something, anything remotely relevant, on your resume. It’s no surprise that internships can help workers gain skills and prepare for future jobs, but today’s young workers might be looking at more than just one or two, often without pay. One young woman profiled on CNN graduated in 2009 and has completed seven internships since graduation, and is still looking for a permanent job.   Getting a job just isn’t easy, especially in a time of high unemployment, and as a result, getting on solid financial footing can also be very difficult. What stories or ideas do you have about getting started in your career — and in your independent financial life — during such a challenging time? Let us know.  Also, see Out of College; Into the Frying Pan for more on this topic. Loans, Saving 2012-03-29T13:26:27+00:00 http://thedreambigsite.org/articles/what-you-own-and-why-you-own-it/ http://thedreambigsite.org/u/329/ Decluttering your investments isn’t just about owning too many mutual funds and the need to reduce the number of them.   It also can be about consolidating different accounts that may be scattered around, for example, accounts with a former employer’s retirement plan that are still with the employer or accounts you opened a long time ago, left to languish.   When you have too many accounts, it can be difficult to know what you own and why you own it. Following an investment strategy that’s personalized to you is key — after all, your goals, circumstances, experience, comfort level, etc., can be quite unique. But getting a handle on this can be challenging when you own several accounts, making it hard to: Be properly diversified; this means not being over diversified so that you own duplicate investments that could expose you to too much risk Maintain a level of risk that is right for you — by occasionally adjusting your investments In addition, decreasing the number of accounts might help you reduce: Account maintenance fees by combining accounts or adding new accounts under one or two financial institutions Paperwork you receive and have to keep track of — quarterly statements, tax forms, etc. Passwords you have to maintain and look up for online access Now there can be a good reason to not consolidate — to help ensure you keep access to certain investment options or services or, in certain situations, for tax planning reasons. And, of course, you might be comfortable managing several accounts at a few different companies and, you might even like taking advantage of certain features of each. But if you don’t have a good handle on what you own and why you own it, simplifying where you own it may be a good first step. AC: 0312-5554 Investing 2012-03-22T11:59:03+00:00 http://thedreambigsite.org/articles/7-day-limit/ http://thedreambigsite.org/u/328/ Do you know how much you spend on food and/or entertainment in one week? Many people cannot answer that question right away. I’ve made it easier to figure it out by setting a 7-day limit for myself.   Breaking down my expenses by week, is an idea I had been considering for a while. Now that I’ve implemented it, it helps me set a weekly spending limit. It gives me the space to adjust my spending habits as the week progresses, so that I can stay within my limit. And, most of all, it helps me save!   Here’s how it works: I create my weekly cash limit when I go to the ATM on Sunday. I take out an amount that I have figured based on what I want to spend and what I can afford to spend. There isn’t a magic formula for this or any one way to calculate weekly expenses. For me, it helped to look back at old receipts. You know your spending habits, and vices (coffee can be considered a vice) better than anyone. I withdraw $50 in cash for the week. That $50 then has to last me 7 days — no matter what.   This strategy was born from my pursuit of $2,000, as described in this article. I wanted a way to keep an eye on my spending, but not so rigid that I would feel like I was in budget jail.   After I take out the money I need, I remove my ATM card from my wallet so I can’t talk myself into impulsive spending, or be tempted to go on one of my occasional spending sprees during the week. This might appear to be a little extreme, but this 7-day-limit strategy works for me. I can see how much I spent and how much I saved in one week. If necessary, the following week I can adjust my spending and, hopefully, get closer to my goal of saving $2,000. How much will you withdraw for your 7-day limit? Have another saving strategy that has been effective for you? Do share. AC: 0312-5546 Saving 2012-03-15T17:59:29+00:00 http://thedreambigsite.org/articles/do-it-yourself-and-save/ http://thedreambigsite.org/u/283/ How much of your spending goes to tasks that aren’t necessarily too difficult or time consuming for you to do, but that you just habitually pay someone else to do? Doing some basic projects yourself can save you some money and leave you with new skills and accomplishments to be proud of.   The realm of things you could learn to do yourself, depending on your preferences, can vary greatly from minor repairs to home improvements to personal care: Clothing repairs and modifications: Learn some basic sewing techniques and you can fix your own buttons and hem your own pants. Interior decorating: It may not be your idea of a good time, but things like painting your own walls or replacing your own cabinet handles and knobs can easily be done by amateurs, and if you feel more ambitious, the possibilities for home projects are endless. Landscaping: It’s a lot of work making outdoor space look nice, but it can also be satisfying to eliminate unsightly areas and put plants and other features in place yourself, just where you want them. Personal grooming: From dyeing your own hair to painting your own nails, you can take care of a lot of personal tasks yourself instead of paying a salon. Pet care: You can take your dog or cat to a professional for coat care, nail clipping, and other tasks, or you can bond with your furry companion and do it yourself for free. Food preparation: Making your own food to save money instead of eating out is one of the most common tips suggested — because it really works, and you might actually enjoy learning to cook different things. Gifts: Making someone a homemade gift not only saves money, it also adds a more personal touch. Has learning to do some things yourself saved you money? Which tasks do you enjoy doing yourself, and which would you rather pay someone for, despite the cost? Let us know. AC: 0611-4919 Saving 2012-03-09T17:58:51+00:00 http://thedreambigsite.org/articles/the-rewards-of-credit/ http://thedreambigsite.org/u/298/ My life is consistently 1 to 5 percent cheaper because I use credit cards. For many, credit cards evoke negative emotions. We all have heard it, “Credit cards are evil.” And we’ve seen the torrent of people abandoning credit cards in fear of debt. Their fear is not baseless; banks want to make money, and they can be clever about it. Some people fall into the trap, but avoiding the trap can be simple. Let me tell you how.   A couple of years ago my family obtained a credit card with a gas station sponsorship. Each credit card purchase at the station rewarded us with 5 percent cash back. With the rise in the price of oil, the cash-back program actually helped me save. It was so effective (for us and probably lots of other consumers) that the bank stopped it altogether — by myself, I received close to $200 back for fuel purchases in one year! Of course, that meant I was doing a lot of driving.     Even getting back 1 percent of your total yearly spending could have a substantial impact. Don’t you sometimes wish you had an extra, say $50 to $200? It’s like getting a tax refund or payroll bonus.   With the slow economy, you want to retain as much money as possible. And being responsible with a good line of credit can be beneficial — even rewarding. Earning 1 to 5 percent on regular purchases adds up at the end of the year. So why not pay your bills with a credit card? Pay for everything when possible to get the rewards and an extra layer of insurance on your purchase.   Fire is a wonderful tool but still has the potential to harm, and so it is with credit cards. So before you get the urge to run out and go on a spending spree, there is a trick to participating in a cash-back rewards program. As this Kiplinger article discusses, you must be prepared to pay the credit card bill in full and before the payment due date, in order to avoid paying late charges or interest applied to unpaid balances. That would cancel out the cash-back rewards savings you are accumulating.     See Al’s article on this site, which summarizes that rewards actually drive people to overspend.  AC: 0911-5067 Credit 2012-03-06T13:06:46+00:00 http://thedreambigsite.org/articles/when-less-is-more/ http://thedreambigsite.org/u/325/ I once worked with a mutual fund collector. She owned more than 100 mutual funds, each holding about $5,000. Her actual performance was, well, not surprisingly, average. So no major worries there. And was she well-diversified? Yes, she was.   But there is also such a thing as being too diversified. Do you think she had a good handle on what she owned and why she owned it? Do you think she enjoyed the endless reams of paper account statements sent to her? Her portfolio was a source of stress.   Ok, her example is extreme. But it illustrates a few points if you want to simplify your investments (see Decluttered Investing for additional thoughts): You can actually own several funds and still be poorly diversified. Think of those investors in the late 1990s who owned several mutual funds concentrating on technology stocks and other “growth” industries, many of whom lost significant money when those industry bubbles burst. You probably don't need to dabble in investment products with complex strategies that often are high risk and high cost. Or products that are so specialized they are simple, but not diversified; for example, investing in one specific subset of one specific industry in one specific country. It’s not that they don’t have a place; it’s just that they are probably only suited for a small number of folks. You don’t need to own more than one, or even a small handful of mutual funds to be well-diversified. It’s what the fund invests in that matters, not the number of funds you own. So, to really keep it simple and still be diversified, look for what is known as a balanced fund that invests in many different types of stocks and bonds. Similar to balanced funds are target funds designed to either gradually reduce risk over time, or stay within a constant range from conservative to aggressive and somewhere in between.  Just one balanced or target fund might be all you need. AC: 0212-5499 Investing 2012-02-22T19:10:36+00:00 http://thedreambigsite.org/articles/can-shedding-the-pounds-really-save-you-money-this-year/ http://thedreambigsite.org/u/324/ Two of the most popular resolutions for 2012 may center on losing weight and saving money. But, is it possible to save money while losing weight? According to this Yahoo! Finance article, which quotes co-author of "Small Steps to Health and Wealth" Barbara O'Neill, shedding the pounds may pay off — a great reason to consider getting healthier this year.   Here are a few simple steps that may help you in your quest for better health in 2012. Pack a healthy lunch. Not only does packing a healthy lunch save you calories, the Economic Research Service estimates that eating out accounted for nearly half of per capita food expenses in 2010. Bringing your lunch to work can save up to $10 a day. That’s more than $200 a month in savings and potentially thousands of calories, depending on your food selection. Consider outdoor activities or fitness classes at a community facility. Joining a gym can cost upward of $70 a month. That’s a hefty fee considering that most Americans who are members of a gym only visit 4.3 times a month, according to a University of California Berkley study. Working out at a local community facility or exercising outside as opposed to joining a gym could potentially save you hundreds of dollars a year. Keep a food journal and track grocery expenses. Challenge a family member, spouse or friend to track monthly food expenses and overall weight loss with you. Having someone to keep you accountable can help you stay on track with both your financial and health goals.  Improving your overall health can lower health care costs and insurance premiums. Health care costs could go down as a result of a new or renewed healthy lifestyle. In addition, some health care companies offer wellness incentives to encourage such healthy lifestyles. By maintaining a healthy weight, you won’t have to worry about yo-yo dieting and fluctuating clothes sizes, and it could save you money in the long term — with a consistent size, your won’t need to shop as much for clothing.   Taking simple steps toward improving your health could help you save this year and in the future.   Are you working toward a healthier lifestyle in 2012? Have you saved money in the process?   While we believe the external websites listed above are reputable, we neither endorse them nor can vouch for their complete accuracy.   AC: 0112-5454 Saving 2012-02-17T17:52:02+00:00 http://thedreambigsite.org/articles/TheSkepticalSaversSimpleStepstoFinancialIndependence/ http://thedreambigsite.org/u/322/ Let me introduce myself: I’m a young professional who recently relocated to the Washington, DC area from Nashville, Tenn. My income increased as a result of the move — but so did my cost of living. The city is full of opportunities and I want to experience them all, while also building up my savings.   I will chronicle my journey to financial independence by saving $2,000 over the next six months. Please note, I started with a balance of $0. I see that Brandon is also in pursuit of $2,000 in savings — over 4 months. Maybe I can pick up a few tips from him.      Month 1   Like many young professionals, I’ve often found myself living paycheck to paycheck; with little to no money left over to pay off outstanding credit card balances or to even think about saving more toward retirement. I’ll admit, my finances haven’t always been in order, and I was more than a little skeptical to set aside money for anything other than a Saturday night out on the town. I’m 25, why would I need to think about saving? But then, reality set in … I’m 25 and have not built up any savings. That means no savings for travel, no savings for a rainy day or emergency fund, and certainly no savings for my eventual retirement. So, how can I build up my savings over time?   As a young person, it’s easy to get distracted when it comes to saving, but there are some simple ways, that you may have never considered, to save money on a regular basis. Transfer funds into a separate savings account, using your bank’s online transfer feature. As soon as you get your paycheck, have your bank take a percentage of your payment out of your primary account and transfer funds into your savings account. That way you won’t miss the leftover funds or spend it frivolously. Choose an amount you feel comfortable with — generally, I deposit around 20 percent of my paycheck. This month, I transferred $500 to my savings account ($200 went toward my credit card payment; the other $300 remains in my savings account). Keep in mind that you should consistently monitor your accounts and set up safeguards designed to prevent identity theft and other fraud. Use your bank’s “keep the change program.” Some banks have a rewards program in which you can opt to round your tab to the next whole dollar and keep the remaining change. Of course, it’s better to avoid spending your money in the first place. But when you must, this might work for you. This month I saved $176.00 by using my bank’s program. Assess your monthly spending. Look at your monthly budget and decide what expenses can be minimized. For example, this month I reduced my “grooming” budget by simply getting a polish change every month for $7 as opposed to a full manicure for around $20. Total savings this month: $476.00 Savings balance: $476.00 (Stay tuned for my total savings next month.) AC: 0112-5454 Saving 2012-02-03T20:53:09+00:00 http://thedreambigsite.org/articles/decluttered-investing/ http://thedreambigsite.org/u/320/ The beginning of a new year is as good a time as any to untangle your investments.   If you’re like most people, it’s easy to get overwhelmed.   It’s not too different from the challenges in organizing your time, your email, your closets, your garage. Too much clutter!   In the case of your investments, you may…   1.  Own too many – when you may be nicely diversified with just a small number of funds instead.   2.  Have them spread across too many accounts – making it hard to know what you own, why you own it, and how to manage it.   3.  Dwell too much on the past – even though most of the time it’s not likely to be repeated or it’s irrelevant.   4.  Think too hard about when to invest – even though you may be better off setting up a schedule and going on auto-pilot.   5.  React too quickly to media “noise” – even though most experts and talking heads really don’t know what’s going to happen.   6.  Make too many changes – even though odds may be you’d be better off doing nothing.   In the coming weeks, I’ll expand on each of these, including my own challenges. And I’ll try to do so without jargon – especially since in recently explaining an investing concept to my wife, she responded “Not only do I not understand what you just said, I don’t know the meaning of half the words you said.”   Stay tuned. AC: 0112-5453   Investing 2012-01-26T14:30:12+00:00 http://thedreambigsite.org/articles/i-resolve-to-save-x-amount-for-retirement-by-x-date/ http://thedreambigsite.org/u/319/ At the start of each new year people make resolutions to gain or lose something, e.g., “I resolve to lose x amount of weight, by x date.” They may even resolve to reach a certain amount in general savings by a certain date. But you rarely hear resolutions to save specifically for a comfortable retirement, yet it’s something most of us would say we desire.   So how do you make saving for a comfortable retirement a reality? Begin by planning for it. Here are three ways you can get started. Save early and often. If your employer offers a retirement plan, you can save regularly, because your contributions will be made directly to your retirement savings account through payroll. You won’t need to write checks or visit a bank to deposit your savings. You simply choose the amount or percentage of your income you want to contribute, and you’re on your way. Consider also saving in an individual retirement account (IRA). The earlier you start saving, the more time you will have to save before retirement. Pay down debt and curb spending. Paying for debts that you’ve accumulated can rob your retirement savings efforts. Instead of paying for things that you could delay, find at a lower cost, or better yet, do without, cut back on spending and increase contributions to your retirement account instead. Determine how much money you will need to enjoy your retirement. What will it take to live out your comfortable retirement? Start by using a retirement calculator like this one on msnmoney.com, which will take your current situation and future expectations into account. Consider also using the services of a financial planner for additional guidance. The Financial Planning Association and National Association of Personal Financial Advisors are good starting point to search for one. Fill in the blanks. How much do you resolve to save for retirement, and by when? Have any tips on how to achieve it? Share them here. While we believe the external websites listed above are reputable, we neither endorse them nor can vouch for their complete accuracy. AC: 0112-5425 Retirement 2012-01-18T14:40:14+00:00 http://thedreambigsite.org/articles/expecting-cash-from-uncle-sam-/ http://thedreambigsite.org/u/263/ If you got $3,000 dollars in the mail, what would you do with it?   Well, for the average American, that’s a question many will have to figure out the answer to very soon (if they haven’t already). CNNMoney reports that the average tax refund in 2011 is $3,129.    Now I don’t know about you, but $3,000 is a lot of money to me, and lots of money deserves a plan to make sure you maximize it.  Debt – I would suggest using a portion of it to pay down current debt. Like those Christmas gifts that are preventing you and your credit card company from being BFFs again. Give the credit card company a little extra, if you can’t pay it off with one payment. Savings – I know it could be tough to save your entire tax refund. I don’t expect you to save it all, but saving a portion of it would make a lot of cents (pun intended). Investing – I won’t even try to provide investing tips here because I don’t know much about that.  But whether it’s putting something in your retirement plan or another type of tax-advantaged savings, plan for the day you plan to retire. Enjoy – It’s rare that you will hear “have fun” on a financial wellness site like this. But let’s be realistic, you will spend money on yourself whether I tell you to or not. If you wait ‘til after you have done steps 1-3 first, I guarantee you’ll feel better about it. What plans do you have for your tax refund this year? Saving, Investing 2012-01-04T13:42:00+00:00