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In today’s Scoop:
🛍️ Owners want retail zoning beside Pine Wood Estates on Highway 29
🚗 The applicant estimates 994 daily vehicle trips from its retail proposal
Play Pétanque Three Days a Week at Lay Park
Classic City Pétanque Club gathers at Lay Park to play pétanque, a game of tossing metal boules toward a small target. Play runs year-round on Tuesdays, Thursdays and Sundays, currently starting at 10 a.m. at the courts past the pool and tennis courts, 297 Hoyt Street. Adults and first-timers are welcome, and you can play without joining the club. The club says play is always free; check its page for seasonal start-time changes.
Your Retirement Plan Has a Silent Partner (It's the IRS)
Every dollar in your 401(k), 403(b), and IRA has a silent partner: the IRS. You haven't paid tax on that money yet, so the bill grows right along with your balance.
Here's a hypothetical: You're 30 with $100,000 in a 401(k), and it grows 8% a year. By 60 it's worth about $1 million, and every dollar you withdraw gets taxed as income…but at unknown future tax rates!
A Roth conversion flips the order, so you pay tax on the $100,000 now and move it into a Roth IRA, and qualified withdrawals in retirement come out tax-free.
Your 30s and 40s are often the cheapest time to do this. Income tends to be lower, and credits like the Child Tax Credit can absorb part of the bill.
It isn't right for everyone. It depends on your tax bracket today versus in retirement, and whether you can pay the tax without dipping into the account.
Zach is an Athens-based advisor who runs these numbers for local families. Grab a free coffee with him and find out whether a conversion makes sense for you.
Hypothetical example for illustration only. Not a projection of any investment's performance. Results depend on individual circumstances. Consult a tax professional before converting.
Thank you to our local sponsors who help make this publication possible!
🏬 Pine Wood Estates could get two retail buildings next door
The Gist: The owners of 1295 US Highway 29 North have asked Athens-Clarke County to rezone 2.38 vacant acres from agricultural residential to general commercial, which would allow retail development. Their nonbinding site plan shows two buildings totaling 19,600 square feet. The rest of the 4.169-acre parcel would keep its current zoning.
Why It Matters: The site borders Pine Wood Estates, a manufactured-home community, and sits near Athens Christian School. The applicant estimates the proposed stores would generate about 994 vehicle trips a day and says nearby commercial zoning makes retail a fit for this stretch of Highway 29. The applicant also says it needs a variance from the required buffer beside Pine Wood Estates.
What's Next: The Mayor and Commission is scheduled to consider the rezoning at a public hearing Tuesday, Oct. 6, at 6 p.m. in City Hall.
Read more here.
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🌱 Sweet Pea Club | Alice H. Richards Children's Garden | Athens | Thu, Oct 8, 10:15 AM | More | Children ages 3 to 5 explore nature through songs, stories and games.
🕵️ Family Day: Museum Mystery | Georgia Museum of Art | Athens | Sat, Oct 10, 10 AM | More | Follow clues through the galleries to solve a mystery among the artworks.
🎻 North Georgia Folk Festival | Sandy Creek Park | Athens | Sat, Oct 10, 11 AM | More | Browse art and crafts between live folk music performances.
🎬 Sandy Creek Park Open House and Movies by Moonlight | Sandy Creek Park | Athens | Sun, Oct 11, 3 PM | More | Crafts and field games start at 3; Harry and the Hendersons screens at 7.
📖 An Evening of Poetry with Anne Boyer and Magdalena Zurawski | Athenaeum | Athens | Wed, Oct 7, 6 PM | More | Anne Boyer reads with UGA creative writing professor Magdalena Zurawski.
🎤 The Heavy Hitters of Comedy | The Classic Center Theatre | Athens | Thu, Oct 8, 8 PM | More | Earthquake and Adele Givens headline stand-up with Bishop and MC Lightfoot.
🪴 15th Annual Native Plant Sale | Mimsie Lanier Center for Native Plant Studies | Athens | Fri, Oct 9, 2 PM | More | Garden staff can help you choose native plants for yards or pots.
🏃 AthFest Educates 5K | Classic Center Pavilion | Athens | Sat, Oct 10, 3 PM | More | The course heads from Foundry Street to the Firefly Trail and back.
If you want to read any of our previous issues, check them out HERE on our website.
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