The Tennessean from Nashville, Tennessee • Page 44

Inside view 2E Executive suite 3E See our Expanded iVterrarialBay autorrotivB section MONDAY, MAY 31, 1999 "Hie transference of responsiblity for retirement funds has had a big influence in bringing investment into the living room, into family talk Americans see a need for educating themselves. Their children are absorbing that" MARGARET DRAPER, Spokeswoman, Securities Industry Association Money Matters Candy McCampbett BUSINESS LLi 1 -uTsiig? zvmlable around speedway I i r', Jr'l tV- i maining acreage) a combination of ways: They may build-to-suit some properties and just sell off others." Work on the L3-mile NASCAR track is expected to begin in August or early September he added. The total $130 milliontoro-ject will also include seating for a minimum of 50.000 spectatorsand five additional tracks, including a dirt track, a short track and a track for mini-car races. A S16 million 840 interchange near the site and water and sewer services should give the area prune development potential in an underserved area, Brooke said. "Driving 840 from Murfrees-boro to Lebanon recently, I realized I was low on gas, but there wasnt even any place to pull over and fill up." The additional acreage probably will be included as part, of a master plan for the area "Dover has not spent a 1 it of time yet thinking about the extra acres, but once construction gets started, I think it will come up on their radar," Brooke said.

Turn to PAGE 2E, Column 6 jknooiJOCi acres surrounding Bt xrrmgd will be open aixmaa-Heveianmenttmce con-snmiari snint.N ASCAR focilrty pgixnnerigrnfiar Eiadevilie. a -KMSHsry BpoKssmansaid. iarrj iraae. vrac; is itevelop-jstIk 33rojecliorlov2r Downs 22KnainmeiiL "toid commercial aEsmaers of the Greater jTiiasmilk; Association ofRealtors irom auto manu-lacffirxEEiiarasto iiifr-end smidrasions are likely JCHffiEEOeE. Eharlotte Speed-saj iavf teen a lot of mo-agrBorirTeiateri businesses locat-EElHer: ami subdivisions," iscoase-saic.

one devel-reaHsnt rath 2300.000-S350.000 siamsi wnhm, i iaM mile of the iKreerirowns as iuymg 2.100 HQisari ami Rutherford xo2Eiss Tiear 840. w3t -id. H) -TPht closings lakmg xaet weekly. Brooke raid. Just XOOt acres will be seeded 2s-iaexaeeriHcl: ate.

-exBectmeyll handle tthe re NINA LONG STAFF Cason Lane Academy students, from left, Megan Neal, Elizabeth Kneidinger and Amy Rkteour, were part of the team earning first-place honors in stock investing competition. Other team members are Crystal Wilson and Megan Snyder. Savvy investors wise beyond their years fr- ''iJT'. i fn "twin -iT' 3 MS Commentary Retirement doesn't have to be taxing My spouse is planning to retire in September. He will receive about $14,400 in Social Security and a $32,400 pension, for a total of $4600.

He will be 64 in September. He is desperate to know what his tax liability will be. I also plan to retire in September, but I have no pension. I am only 60, and might be eligible for only about $800 in Social Security later. I have an IRA but I'm not getting it out What will our tax be? There will be some tax if you and your husband dont have any deductions to offset any of your income.

But you dont have to get socked in the jaw by the Internal Revenue Service each April 15. In fact, it was an IRS person who suggested you soften the tax blow headed your way every year. Actually, you have a choice, said Gaye Parnell, communications manager for the IRS here. You can file quarterly estimated tax payments or you can fill out a Form W-4P to have part of your pension income set aside all during the year, just as you did with your salary when you were working, she said. Check with your pension fund provider for the form or call the IRS at 1-800-829-3676 or on the 'Net at www.irs.ustreas.gov.

A combination of Social Security income and pension, 40100, 403(b) or other investment income could result in taxation of part of your Social Security, said Lechelle Moore, certified financial planner at First American Investment Services. Up to half of your Social Security can be taxed if your other income is between $32,000 and $44,000. If your other income is more than $44,000, that taxablechunkgoesto85, Moore said. So how miieh wll you be taxed? There's not a simple answer, because the IRS makes you wander through one of its "if line 5 is zero, use line 7" worksheets. Parnell worked it out using a couple of assumptions: that one of you is age 65, that you are married filing jointly, that you have no other adjustments to your income and that you have no deductions.

You end up with about $3X) worth of taxable Social Security income and about $3,450 in total tax to pay. Receiving a pension, no matter how large the payment might be, is not going to affect that Social Security payment you get each month, said John Trollinger, spokesman for the agency. "No matter how much income you have, no matter what the source pension, 401(k), IRA, investments you will get Social Security as determined by the number of years you worked and the credits accumulated," he said. But since 1994, you may not have been able to keep it all if you have other income. "For years, Social Security wasnt taxable at all," Parnell observed.

And who said nothing changes? Freebie: Taxes and mutual funds are for just about everbody, but not everbody knows about them Invesco, a big funds manager, published an annual "Taxes Mutual Funds Guide" to help lead you through the mazes. It's free by calling 1-800-2556927. Candy McCarnpbel is personal finance edrtor at The Tennessean. Got questions about money matters? Send them to her at 1100 Broadway, Nashvile, Tenn. 37203, by fax at 259-8093, or by e-mail at and look tor answers in this column each Monday Students play market with play money and clean up Learning returns Student teams in Middle Tennessee took a hypothetical $100,000 and in 10 weeks generated thousands more in the Stock Market Game.

Here's how the leaders fared in each division. Junior division Fall 1 998 Senior division Fall 1 998 1. Cason Lane Academy $175,005 1. Franklin County $173,849 Murfreesboro High School 2. Cason Lane Academy $167,272 Winchester Murfreesboro 2.

Franklin County $161,846 3. Ensworth School $159,032 High School Nashville Winchester 3. Page High School $158,808 Junior division-Spring 1999 Franklin 1. White House $142,922 Senior d'rvision Spring 1999 Middle School 1. Gallatin High School $169,033 White House Gallatin 2.

Battle Ground Academy $139,245 2. The Webb School $165,647 Franklin Bell Buckle 3. Battle Ground Academy $139,128 3. Spring Hill High School $153,444 Franklin Columbia TrshandoverSiscDvery II irnpsals to Amencan drivers' quirky side MngrftgE-tetmerJpraEcomlortobte as most sports utility vehicles. Land Rover appeals to our quirkier side DREW WHITE STAFF SOURCE: Stock Market Game The Steering Increasing growth Increasing numbers of students (in grades 4-12 have participated in the Stock Market Game over the last 15 years.

Ky "iesHmve sfi Ihe new lamr 3ioverItecoven- Series int tt, a jmirnalistir 3S2an3Hr'. imrj 1 start this -review uriilneseanr Should I "irvpiLTsariersirwTlhtne Ssr. iiatari issenual day In millions nn. Bv CANDY McCAMPBELL Pcwmal Finatice Ixtilor They were handed $100,000 to invest in the stock market Middle Tennessee youngsters given that opportunity picked stocks as diverse as Amazon.com, eBay, Hershey's and Clorox as they invested their hypothetical $100,000. Like their peers nationwide, they weren't as market-shy as their parents were at the same age, thanks in part to the vast sea of information available to them via print, broadcast and even the Internet, said Margaret Draper, spokeswoman at the Securities Industry Associatioa It started with their parents, she said.

"The transference of responsibility for retirement funds has had a big influence in bringing investment into the living room, into family talk. "People are responsible for determining their retirement" as more companies set up 40100 savings plans for workers, she said. "Americans see a need for educating themselves. Their children are absorbing it" They're absorbing it to the tune of turning that $100,000 nest egg into $173,005 in 10 weeks, as in the case of five seventh-graders at Cason Lane Academy in Murfreesboro. The team Megan Neal, Megan Snyder, Amy Rideout Elizabeth Kneidinger and Crystal Wilson outperformed 500 Middle Tennessee teams in the semi-annual Stock Market Game.

"We got into this thing during math, doing the research," Elizabeth Kneidinger said. "We talked it out" before making purchases during the game last fall. Where to learn more The Stock Market Game is sponsored in Middle Tennessee by J.C. Bradford the Department of Economics and Finance at Middle Tennessee State University, the Newspaper in Education department of The Tennessean and the Securities Industry Association. Competition is held each spring and fall.

Interested competitors, may contact state coordinator Bobby Corcoran at Box 485, Murfreesboro, Tenn. 37132, or via e-mail at bncorcoranACAD1 You can also check out the game at www.smg2000.org. 6.0 5.5 5.0 4.5 4.0 3.5 3.0 2.5 2.0 1.5 1.0 .5 sol Inis Discovery, leaving aMJXX 'worth ofiancy sportiitili-f TTamwr! forinf Tnaff Tteartprs icamaukii iead wnii the truly iut less rnrnguing, rsameiy Ihis new JmsHSF -isns is Teally a re-33Hraittt upon uiilnj' with many 1980 1 985 1 990 1995 SOURCE: Securities Industry Association nrrarr TfTmrnvpmenK over EE Commentary same, but its track spreads a couple of inches front and rear, iover-all length stretches 65 inches and the roofline lowers slightly. The windshield features taller glass, answering visibility complaints. All in all this Series II looks better balanced man the previous Discovery, whose tall profile and narrow stance appeared top-heavy, even if it was among the most surefooted sport utes out there.

Inside, increased width and length afford better room in the back seat and the optional rear-facing jump seats that expand seating to seven now become forward-facing. Cargo space improves, too. Answering another complaint of the first Discovery, Land Rover Turn to PAGE 3E, Column 1 DREW WHITE STAFF plans to continue later, "when I get older." So does Amy Rideout and both said they would "sit" on their stocks instead of frequently buying and selling shares. The spigot of research information available to investors is only starting I Turn to PAGE 2E, Column 6 TfeeL.wnatwouid you do? is Bans are new. SEBEHsiQiisysEEirantipowertiani asiwilnlffijiwojjtlakesa rpsa KBEtsyeiiiSinHuishthe Ssbsb I iram tne previous imt Inere are worthy 2e TOieelnafie the They invested in companies like Clorox Co.

and Hershey Food makers of everyday products, but computer problems at school prevented them from additional buys and sells or detemining margin positions. All five hove put extra money in savings but only one of them, Megan Neal, had invested in stocks. She Nashville Arena tabs Wootey senior director Tl hum dtor. UVRUL- ISUJ! Prime rate 7.75 Discount rate 4.50 3-month Treasury bills 4.50 6-month Treasury bills 4.63 10-year Treasury notes 5.62 30-year Treasury bonds 5.82 Credit cards 15.65 Bank money market accounts 2.06 Car loans 8.66 MORTGAGES 30-year fixed 724 15-year fixed 6.87 1-year adjustable rats 5.98 The Gresham Smith and Partners brings an artM interior design to its new downtown offices. A pair of architects create a warm errvironment out of a drafty space.

House CoturrtsaMHealtrKare Foundation Inc. cal oruai ligation where patients and families of palertts can wfiie iQCvng medk trea men! in Nashvie Hospitals. This donation en-aSied us to renovate an apartment we now use tor Extended-stay said MeSnda Hoffman, operations manager for Hospital -Hospcalty House. The apartment can accom-Tnodate those wffli special needs that we were unable to serve before." i Mike Wootey has been named senior director of aarrrtnistration for Leisure Management International at Nashville Arena. He wil be responsfole for facility booldng, managing evert services, marketing, and box office.

VVboley began his career with LMI as an event coorrJnator and was named Director .0 -JL lL a njri raan arm wnttrwE, See ps8S WOOLEY of quality services last year. 4.