ࡱ> @ qbjbjFF *,,~ddddddd$pppP$ '  ^jjj &&&&&&&$'R*\&dkkk&ddjjh&555k"djdj&5k&55#dd%j Pp:d%4p&&0 '%Xq*Xq*h%ddddq*d%,05&&d TODAYS SPENDING DECISIONS How a person spends money is far more important than how he or she invests it. It is much easier to reach retirement goals by deciding how to live, rather than how to invest. Deciding what to do with the money we earn - how to spend it - is what brings about peace of mind, not how much we make or how much we have. The late Loren Dunton, founder of the non-profit National Center for Financial Education in San Diego, wrote about his lifestyle decisions to buy new cars and spend weekends in Reno, instead of investing a hundred dollars each month in a mutual fund when he was in his late twenties. That fund would have been worth over a million dollars today. AN EXPENSIVE CAR Perhaps you think the difference between a full sized car, fully equipped, and a compact is only about $10,000. Actually, it is more like a million dollars. Consider this, borrowing $25,000 for a new car over four years will cost about $634 a month, while borrowing just $15,000 will cost only $381 a month. If one saved the difference of $253 each month for 35 years, earning an 8% average rate of return, it would swell to $580,352. However, that is just the accumulation of the funds. What about the earnings as the funds are withdrawn during retirement? If one were to get monthly payments of $4,479 from that sum from ages 65 to 90 (and some predictions say there may be over 250,000 people over the age of 100 in America in the 21st century), the total amount collected would be $1.3 million. This is the magic of compound interest. However, it is not retroactive! One must save now to enjoy the benefits of compound interest in the future. WAITING TO INVEST For instance, if the difference in the example above were saved for only 25 years it would grow to just $240,000. Paid out at $1,857 a month, the total would be $557,000. It is amazing that the difference in saving an additional ten years is about a half million dollars. However, the monthly difference in payments of $2,622 monthly shows how todays lifestyle decisions can be worth a million dollars in retirement years. When should people begin saving money? Never soon enough. If ten years could mean a difference of $2,622 in retirement income each month, can you imagine what 15 or 20 additional years of savings would mean when you reach age 65? JUST A LITTLE POSTPONEMENT For some, no doubt saving now would be easier if there was more current income. People 17 to 23 years old may think: Me save? Are you kidding? I am just getting my education and besides I want to have a good time. When I get out of college and start my career, Ill start saving. People 24 to 30 may be tempted to think: You dont expect me to save now? I have only been working a few years. Right now, it is important to dress well. Ill save later. From 31 to 42, the reasoning may go something like this: How can I save now? I am married with small children. Perhaps when they are older I can think about saving. Those 43 to 55 wish they could save now. However, many just do not, saying they cannot because of children in college and education loans to pay. From 56 to 65 most recognize the urgency to begin saving now. However, money is tight. It is not easy for people that age to better themselves. It is tough to break years of over-spending habits. Maybe something will turn up, many say. At age 65 and older, it is too late to begin saving money. You cannot save when there is no income. Many older people live with their children and are dependent on Social Security, which is inadequate, since Social Security was only designed to be supplemental. If the choice between cars can impact retirement income, imagine the possibilities when applied to lifestyle choices such as a home, vacations, dining out, entertainment, wardrobes, furnishings, etc. Try to develop the art of money accumulation now. Begin by saving every day. Start today!  Paul E. Ferraresi  Founders Group Report  CREATEDATE \@ "MMMM d, yyyy" \* MERGEFORMAT September 2, 2004 PAGE 1 For advice on this topic or other areas of your financial life, contact me at:  HYPERLINK "mailto:pferraresi@foundersgroupinc.net" pferraresi@foundersgroupinc.net * (713) 871-5919 Founders Group, Inc * 4635 Southwest Freeway, Suite 162 Houston, TX 77027 * Fax (713) 425-0346 Page  PAGE 2  CREATEDATE \@ "MMMM d, yyyy" \* MERGEFORMAT September 2, 2004  EFG}~uu`uVP h?0Jjh?0JU)h6B*CJOJQJmHnHphu'jh?6B*CJOJQJUph+h>+h?56B*CJ4OJQJaJ4phh?6B*CJOJQJph(h>+h?6B*CJOJQJaJph h}h?h}h?CJOJQJaJjh?UhCh?CJ^JaJ hH*hh73h?[ \  EFG/01gd73gdgdgd gdgd?~p1LMkl[\NOWX !}~ !$$& #$/Ifb$gd4}gdgdvvvtkit&`#$ !$&dPgdN ! $&dPgd4} ! $&dPgd5Kkd$$IflTT t 6 644 lae4 PQ!"()*+ƶ̫֞֞ƓlcVcKVh0JmHnHujhlh?0JUhlh?0J(h>+h?6B*CJOJQJaJph"h?6B*CJOJQJaJphh}h?OJQJh}h?CJ^JaJh0uh?0JCJjAh0uh?CJU h?CJjh?CJUh?CJ^JaJh? h?0Jh?0JmHnHujh?0JUPnopq !$&dPgdN$$dNa$gds+n$a$gdQ +,-Z[lmnopqÿhCh?CJ^JaJhh?)h6B*CJOJQJmHnHphu'jh?6B*CJOJQJUphh?6B*CJOJQJph n&P+p h,p h-p h.p h/R 4 h5 h6 h7 h:p?/ =!"#`$%n&P+p h,p h-p h.p h/R 4 h5 h6 h7 h:p?/ =!"#`$%Dd4   c hA. Paul's picS`TS`T"`bEڥ`M6~ DnEڥ`M6~ PNG  IHDRksRGB>IDATx^$ywaN܀\"  D&EѴl+6_$c"AHK6ؖ%4%,Xt9gϭ;3;A语[]]u| Ov?u+vt< o xyk~p`rm0ͦt{z[o l9ez~rf G|;hx0`>|}d nDy׉cZ=<:f_u}ݮ{|zӉz.ywONcWvu?-n1Sc̬Lqhl}RrR;!(xX{}}&uZn1v}v;h{@yʂG}S^c@kwd(1y]vZ:BѪe2u2zygs"1v!P!go4ܩc~3Nfns=s;}6N~drfK/qѺ >pء{<s/ ^W]J,8ǖ'kDu.euvtmf2neg>v7u{#b[[B x?-_|$Ky,`v s֯bAFΌ8wϩdpzgs~}L0I;<>_1B:N'āΠ{t}B!-e(F>~g?&'McHKMW FOB_1`|Ja=blь bvUpC2q}7}Qp] 0rlxL`LB|{`aUU֢G`Wh[zGuڹ2s'|Ga=cS8 [>_3x;"׋V0\rUE@O>{~O<!?wcqlNs18c1<R8W|D"0(:&\SNjdqu?nq&0Ԍ8!fū==P0Pp~(/ 2?O3 wF-p:FRjJ$k4Z? ow8'n L( EtD0rl66n/ \Зwu:=;\ӺiF/U~MCtuȊ頑 Rbl̟L%$B~tQ7I.5}kIY" !4=rʈ {dvq@/8hՐrz!tg_/x@dDvɔ7D#?wAoS7ݎD Ѫ?b 7~)7;z][/Mo6q#~uB9F-쭼e$7 &=e7&-P M 4pF$˅獄M#$`'}QQG#@m40n  Z'U!Z ܇j[0 vQ*D 0| o!!@,j91\>$1j)&w3@ :AA~[H- 5j {3 S!Äf`#w5i$z(T6'v$JUJ:ft^(՝HYƣL*ֆ>NtoAMD:3xh+Ξmm?&u "C6IcIƸMynLѷ&$H_U0 ^u !t:vP:5*`ܟ ::+OF1<^Ԛf)$|AĪbf6jM(`93ǎO%cgЩ?ƂD"vd\Y__ B1nccBsb)[Pٮ4t, < U- nқֵU,Tf aP #^ 1'J pa}ClLF h!>b"R"P)F"@ksd,0Ou7V\w3Ntf2ĜA6GυBzJB"]| sH(M&C~G@h ^TjHf;Cry3̯SNYi^9y$}:qLbIn<:fF"a.'G1 a5uB/&o9# b":R*X(l^mTJT ,KjzDꞹTz"tax l l5W~t:ÝO8qҥg&33xbwwInTkN2T*6*} l? |U$7&)2YLEpI*8@va]y xo?8~wz͛}f Sl6=ϐh@[#/m1/yvC`,bE\6$qw`F 45 Oz &yLiPLF`M{{K֔k|g}Ony NuV^.䷃n$ `0p> P.A8 \rpvUǰ1`}DV*'_:[]r @ #g-bzR&0E^]UJJhX<6}*9?88H]_szؚM([{a~ 3D&k|%nO0 u#K&]7Ah1Y?CgH`{D_7RZ,9W)=FҬƓɇy=} _LdP*p+W2eǎUQc ŌG3p2NbȼW*eT^A* (I2'RD|0/ZVjRwT, %zh[TK^pd$6={po"S*̰.5D;95$II?ȠQwR7>7+ˡR-<8hhY@A1p1a4 ڵ,S4ꫯ*3lú^ye9F+N7Gx2',-=UkLq S lD*y=í8'zU6;,n烽ݸqp8(+myq?#TBR^V=ǃKH/y;͡\#6-CSXW~`~0]?CGg'8`7Tp)._zۛ˫T+ϊ `I h A0[ZsClnq3p5>D @ŢS&`ZMBJ C^\?c &I Ur8lhb[ca$dp_<^r=ɅII`7 Q7A 8 Qp$ŋb~c[m.GO\X3Y/,ɀ(QZPI@GL0٩{;vf"ɼ3< kB&V5gP'DEJ =KH(H+N@pQ(, 8F8w! aB %LU#0;c'9.Rz;d[*(&!j$PLPߒB)PPXϿp?PB,d:lTXaV҆fY͢CP&<l]"~ @/(&tIh-Qsu'{uS{nuL0DxhGjX&$97JPYpPk?x'nE@XZ( ЪEj3h違%H'2ǀ.SA(\>y\rI xԄL({*5}R nfjl"WG".:yVHq;[@e*yʌ:U \*EdBjfa!sb!՘>B"ʤv f7.8y􇚝~oV%!xOg@l[7pM4`$c'nbN;bRgn6„׋g_ioFQTB@~h8 rGD5 :3"8s^jI'pl:3=55H| wPH܊Z`,@³ /G@~D A{B *F٬6jentY:;x#lYNrة'Nuڇ}, X[{~3q  H_5CAH.bsQG^.k`ToEPJ-jXz{ v+@қz[] CEy c2uQjh7ţñj47qr] {)2)AbbvWh;KvK`S,f5LGQ-t@r"[:< 'D9&sl<"hIXO&%'0PyiD Ւw ^  wLuB6"%_BdDb T4F槲\Hęh8!òAc zݎ0dW &S?Ī \$F ؠJ 1/&&p u4jDW $U ;Y0`yL>VNˠK_SfX4wȴFG&oE)c7,1sS???43Yۼ4 8onjQ#ə5Qq|Hl.fpB :QD<ެYCrLDv,^M$Rpd&;I "D2Pe>J{%BqabX:f%w#Ț57@8e d]u?Qxȝ_CYl7c!g2wKkWl!ɂֈXl-Aplly"ܩfc˄n+nw[^Y.D C zzx+}\80%j:pgwiqHA :ىd61^ej;@F 2uBj7ͺd;I\cG qPg:PP` gkvIh&fS.^D3sk܏ v. Ytn6k,,J{*$0D00~fpt~fT*=::6h$p[Ȳ xO'L=#OPØCk}@%hӀlxT';^Veok1ݹ\\jO5X7-/K2d&Oh8(/ӅQ= tJ+AkBq%pRT2Q t#0-!&zzZag{eot0toNϤvb0!(#A:ɂhBS?.M VvPj#I{#29⁸9( ҅259H6wM ֛5 ESS-bn2Vܴ~ZeD?}fDB/' 2XS@< "%J 9yxըHq^4 #:d=YOѥNL#!BJ6*9IBB{EiD"BϬ g; pI$n:i2HZ|5JXR*r& ^SYB#Ľ!O&Lr!VJnwZA`׋j2$JPLN w@c.8[E贮n(k0(4[H/;݆.d̰H@1͍._Ò%!˻|g%LMdgfГQ+)4"Zj;yQBh9fS1e'0"]ccz`l 􆊅ʢ^`8ǣat9Q רo@5~LQli+X|rK"EcJ2h wKkV $M9X4S cBZ|a®9fS,HQ LG26ze*_ %(>kZ‰OҎ@h--t(Vf@EHH4_eoMO 0r*+)$W.<~]&~9B7bIx܋c=CSo[u)>nA/OfLmT\H( Z/MY"puK"N 7[R;]2_ %t"&r6׮("A$D%d"G#M$$DEX BWZ9B8pxp}o3$&&z/|TBsoRwXhhD=9 [Z<QqΘL%gp$0%_^D\m# Gggt}sE€.|K!&# f`dqK>Ho4?0  5}=zD&*c7w@JN&5 4/jc T"ԝc!~ rBD}rS|3@R[i W0pv!-1LtK + $9tr׳ NaL dNK.b~běbuzr`^h]QS.E,i`sW*ph1$%]@i+K Gh0RT%IObALU TtHݭVn+B>0\Sρh0iԉ70)YVF ܘf~c%nPF; ?eQ ]eH ] oS/+qvۜ|# =FLxDxGQ!16\'&SmRꫭ6`P *qmlun g)Y; o9 {V LqI,c"&#^3l"&TkEDZirO%KpS?חT)cuSP?^rTFP x:<"cS.ӡY*f0rg5G`Z`V6̣-DKJ'z).SɎUE֑tUR2'Eg(vsOʻl6q쯈iQG۩;> M HNOyG K" 5eKJ&;-Aؔxu|׉hԺ.mE>t \Gc|rgmBjS 5Zmp"[0 ;vmeJ|S &cr"GK;[kr!(!T µ,3cvE!&=3:~˯D$%? DC"F dn$wUfJ3ƖeUEhh/CoIOP6/@T<[d̜JBl0'x s8Ěq϶غ'Hv:3{6y2K8N5$dX+e6ev݁} L dQN]L7;ˢ-(,p %J'-E aGQ xMHJ\ {/q.\$ cIUU!lP~G˰'"Ԅij%Tw:A D*vSt&^bpYw0Z4pF;]Ŋ4,UeŨxwd.ZK<FE"d,LJ ZzĠScP)jYO0%Ÿ$?fh>܁EDp>!&TiZX07:dtS4uLi =0ao5YRt#?·ӯuҾHtrjRhd {,1XFn t-(6*ʼw:'Cp!̋ұq |\7Ww7_b lDa-8zB;;[ FdP)4lp0,Jz;Ab{s=mn` 5X)xZ~2oÔHCU!3Y 'yf'ޚbj<V36! e2$J+SOa(F~N*2ҫA%n#*Si\}H(\·2g]'CE\ab`vu?ImwQo5#^Ѓ,bANJ^|%AQH39<6٠x72f+BzXH3F^b!Vj:3ʟt%ZQBaK.7[M7_}QHXZ(x!Ft8y T>H!C^XRz2qxp^e%H̹ƨGp\Yh\ + 9uHc\"O9w`(^$Y~ w xo/cTŚD*Iv%Jũ B& e!zn ,v?TqBPM8#h Ɋ'&됔8'ibLoB),(g_0T&EdxKP<7*ɳxEˆ_O! *!2BI jY@|} ؄W5/ZŊN` Q$h.!n)B1 }Q Obn$2=ܵ M|x;vjmE* G 0(XEp~P:m5N*6g (RJaC2=x*`%ubxV"nr{a{'& Ao%a\G׹7h^ D00d?IZ %v? h.%S3QIt-+rh;n ;CXNSi<ё)1Q #bHȢ !99g Y Ȗa?Dx$D80FB {( 'e,P0EM,JR D6yWj\tby3_vJ:WJ \4QK0fV[ 3T9VtQKݨ#HF-ia-9@FNμ @V$>'ګ,t*Ckm ,'$P/jہfƏT\77ĩCxc"Bb@8HEAIҁ6[AQd +bJ;dcr U_ lLO+d(@e8{d zdABGA@4)3 JTP"4űry'j <c9<4Wt|lcOքyzm*SkH-t yhH}h6)qꜢ ԛh|;Aqe&&j .(RDk "z D*:y(:PcSNYPrCLUVd"ău\'^LMPP&Qn$ A.(hZ c*{hq:K,|m? 2 $#f>e<7HPKd‰ś3\\\|u$uD zg#SV5ubsr+*p$@s-i^d,Yhw(L vNg(u+*U QgnCADv rKX)1yD?҃sHIR4 6bQnҊUV(N!Uos#f=gD\DrWj(wd^F3nsiqȡE Djͻ ú+:<id橪K h l7J'YaB8LX=%_f.͐Naʰ&c&@SX"&AYFLM81m ca_^Jjo"!Ku+w=._=sV>O/^BH%RQjE$bߝPv_>fdiNH1;dJG`D(!h;Q̎Ʌ&,u  JzE̗L! %pKՎ̊ זLtTXsSj;J1OFP "𡉙V"٤yI*5#Sܛ`}oT%7ݦsmeIH31`X~HSpz[//_^QiR< <cț=ḳC^zv}7_߸(D Lأ8m zߑ[,9GO/[P+Ԍh4M|w}63!ja"s`c0.aOZ-*qƑE&6LI.OwH2Tmri#hq`R} d&ҁdD;'O (>pb] &SL HiiХVH eKOCaʾ%jP,Fs*uE@iv#5PfcL4S Lb6 럇BV4K2C0wLR  hȻKj-JյUTG9~ɒGynasRid,-za0X#ԭj$" %.n>Ht=rEz운n`Ate6bV:'a_AAFLFTsXj>{cKdI-?+>>livw}:(m 犯\zy}j ' NS ń2όSi% )vFt1I?UP0GN)}1.@hv U%\ELv>7=/^_]ϗk7-LOMQ\S Z8C4bi; W>:-1kg 5;|KBvX;\&-mn4K9d쀧 ;^*⟜ &УTb뫛;[uhf%7C xR')O$YQ$RbA nt}o s>|"Y^J 7 lmmw4' kY+t!wI|m_Cb8`%С2M{"#3i]Jiە YSj.]YۦD~x~GlϾ}ϵΜ{_3ool "JBАFS@*r"2rHGqM819AV{˗Vfv?/VtO= ec3FYFH=Bˍϴ751 iúZJāMoȨ:pTXvig}0r)q!䲳ɖXr#= X[,΍[_So[qHr'ݱ#ň'GR!gJ 0Vzw2Q*nʸXͭݝ;T;D&rqu%45Qw>7Ӌ}o\^^<~/_sRp6:6A(qH .YiS۱ƈip:pϡj6ߓwo\}_hD`*ɨhԳiS@ZI Ld$8 SIJ܊n,rY4ӋNǨ_.6WڥȠ ; X=0?IZ9};l&8W3 U_ &)fE /CB- 'Modi,f]affHKV}kkk LD#i"5o\]Ug^}w?'=zۨPųoѫM ST[&vd砳#$J7l/8n" _87^y#6j>v`a{svzjz"`ZjçZ Gh,ɢ2H6d3]z! Tt2 = PNX \'wZ=Zq YŴ=ڷ-?+:7,=ٴٽz Nk7܂6Q$X{6X T,vxazҹ˥ւ\/%]:r+B%vOsj(Iғ D_HT n n4 @Js3s UAz _,iϨ=e='^QKnaփH|O$}0A[R$єԊxƶ6tkš~=D\[]vP;fQd/]v}:,)x"GI w~k?Iu$(B'S*OĽt kv_~Bep2ȌӘk41mHRDb;HHX|zs{T? b$Q7moу25$"'q@,2O< (;L[Rފv'ibKX70S`* J/D~S7AL؈v*DL#ӻM(ĹX#L*Ч(aHF-plM4[#/L|Vl2@jB~ J }$$q #_u,_v4JUudJrns"OI^Ը1e(ښӄh#Sۦ9lguc/$IMѩ[*TtM@N6$pAևQLװnNÅj $>L0-^I~$RUDA%o"D5.f3isӸ4~Le E[t%?t;KqLz{⭶zn]-iX~P~|@UɣJVQ|! aJf#Fo Fc9%f,D(dX4pC>A:{Z~]ZG!Jԧc"e\օI#1kfׯvөHث$Ha ֣9Xä:qC.S%0)NC`fzO͸0K$Sd514z4q=rsfRt4Y'\x/ C+y[KY=Tݡ9 EEQ'N1b&bEf֘GN:{\J颂ӬQ,Ō-i&&!` _f^`,^QppkVOO>ť=4PnrL&NM`^X.DRgm@E|`zjh1X .h $AWBlQ%Ny8V4iO* ' m/a,pnWZ:6 بọ4kN8|0;EX{R<1\/HȮmijô*"Q e$I%a,URj0,`x;6Lf٩t6'_G' O0p5vNQJ_Pn)邘}Q\: tYGf uh$co}Y}1N*5DA4G '>)<1{MUTr JCA rAUL λLOInitL$AqvCoX 1*&yJ\lTZ`YI`|P_( d Nai " bI<NQH?? 1($,9;L0! WG3~B4&P3ִW-"l[j6p"'51(v` >qu>YrUjY1Zy#[Sk6N)) Q>4r^Q5G7M3!kޣ^skbP5,B`S#F0nK50Lfx́f#STƭ4TqTǠSagIoh لY2QG>S,d Dըsٻqq?V`w_j3&;(n5O3juY̊L zLDj>=UE&ʫ(t-)"q^FF%dE G0Iq"/M%PO0CD=1DX~%& 5,pn rKX%Uc%Zjvi CXN R@g{Lhࠫ}.K7妸 M\{1(i:CnǦf!T%J%%T U4Z:!I4sHA5K:vaj H$3bP MF-~5%$؈\k#.+I_eˈ7v鄪̢Dj,aQ`3v$YE>I 14&)U7amw$3YhgsPH45I%laU>4*XJe!Hgℙ/5r8 4:8v ȐWE|:" RP]/ՕRKxGW;K,i)vO4aY(|K3ĕ PS0I1ƒ,5>^ '7@rE_ZsPE!iXRKeKҕ O҄7nuM;vlϼ8iWfG+Oj"!Fluҕï$sq.lmKPX2jIJu<?%⥓,Aa--u&B&E4%iS )JY8J|o&ɄLcTCm?T IAaR}s7E1 tu$Cnb7j&P] T0I :'!pаLD-CG^O!\_8f@Y^@)o+kTv{[ cgHAHmGfE!-!$X=LMb*Nȯ\E &< 6 mq#lm+e*dKL;S iG0%zG.@o㡪1>R=Zuj:ޞTtIbxx0:@6tǒri?#٧H\MT96Q2H;U&xN2kh]Q"t$9 '<ٖvˡ'u%}-/$fa # zܕ@>bMR^MMs,3\1褻鋡Vʼnz[%ȹ&,#m/ ۡ, !;Mj[$8{"bM8+#`k~$.h+PƄmIأSFeyI- Y &t1f!t(Ա(nY35$}n"<ҨNk0O,(y7џQӢBH-)|͐*NG{nIzZBN wjհDBG( #?^,0D{9#eJ(F1o@Vq& ZUEqa ؕE0qB$YH KU!([!Y*+%.%wʔۓHPz$ 1`dR ,ky?qܴvG(2OD0c%(~]I7<~uM=}L#R@:d^UM^-:,Uz- BoҬL9$[IP \D!ᥭ=L3r6 ♎r [mfX@Gbrd,ta_*'Q#!=h,NOB x( LkX/=nZ$\6wD, z'3VeJhjk1b,QEہdA$%PF752)~->Q,4@%Bf%7VVohȌ(R!G0eb!@303Ĵez+2:C7I: SpE1h?s`Qswv1`~0jHRQW#ا!b Y:3)h R l2߰"N:Dp!됬2ɔ̦jؤX,0j>~vSF\> vZF/-XD1H$c έոuJ=)WΌΏ=iABXnz|C$( I*fޝ&>]iEO2T|v1j&]jFʡ/"1R$L tsem?_-ef)'~ qC`RXBT&Y0$NWvx9Qmdzv%П{J@Ȼ Cc`C͝#ʜE\Cbv0$ "@#J }҅[^r==C2!65 ,a5WrBj`XTT7D[,If5ژJJ=L;0N أX5$w1I(̨}s fSFk:dPy4K=6DFR@(¥FE'2@vN-wk\%0B) P/3DM6=މ +C Q.Q!yZ/\`Le1F&K ֑Ԥ82(9Kƺ$I~% D! bҧ!fnX-mCXOPl#Q I͂R2TB6.T ]JTS3U/t>CVV[$30#%i2baBG> qF~j 5h\q*İd{ i{fRϘrVХ몔UAWB'[LЃ&%n\8n (X.BZz%堆R #\TS;sDN| W s_ן} @AH`368"# 4Bɜ?{5It_nV$-$s-NyF۰!7QIWns=PNLlV!cdK,ӄ,@DPn<#C[[wjr+zph˜-;,FZ@-H.X+/\O/LL'aIKY~2VGck#÷g.)7&yRa@)0x)Ѡf#fkkZoyC8 ȜHMba~h2nBjp/4 ,sר(L uM"eo:Z"\#aQ9Fh!5k%Sfۑp=!TR:2T<ϡr*YP0$բTj>TЧ5zI;EB~H NcWHN>+Xvˉ62@jceSvzxh{KQ-(jalCG>֭7}_޸zT:457 ӏAԃ(D2K'NZXjUjh1=Q\c$6!:XQNQ0T]ܬSM,&L0&1Q̋FF!Ë*nC n.8;t1 I1%R,IC)RL5+5E_BҤgHci >xHFU$ tvoii~y X`]3n:ޚUVaAGԃe rR.D x2Vf8ㇸ. 23ɹEvuJ^X@g(gF)#<7z-24V'l6(JEܫXApD!Sh;jnbzTwU=q~(rkྞmox2/9[љ6 &]/ZQ$h0d(!5`%|]h\dxᩩ3Kgr.2AL[٥a& MpG Cz)sQ]8rccT!gGIzĀI;ytF'vH-F4hmĨv䆓$I&D`8drTCj$Y8Lv5&X-bϨ8.g)Y-F:ʤ8`bʸ_&jBt:9HlQЏJ2D5#ߋ᜙1PS.p,J|vv{ŋ\MLO;1sp2vF`?W>)̣$M͹vӫ@qXh%@'\/W|l[ Q:7W?[rj5HϤÛ0`"/jJYW?٦)xpR `"H0:q &Oxf1 `釱U\XY}7?]HHw}KGB,[Tཬ\آ6¢=I|2H߾m [z'Gf5j*'ߪ+5|B 7K/le;x=Rś("aj PrƤUc[T{Ս*BjqQW?p:zfV._]7[Ej*WD4 ƎCTl;]BjPl勻]4Gr)O9g;`tmmTkQ.3VJćG=p0QC. !Fk@jb铡CkMl2) Ю8l"J<ZP"Pׯ"S'I$i4Sn{dЕJ6.]& ̀vE7MA23`olݠ+=Az>&=Ԛ L";&MN&'zknF2.]n[)Tvr͝Vqck3;%OFb>/5'UN-.ӧ?ypn6 SpHy=pf+,U2F>QRM!'5kI0L{ ץ*L{uݗJX;MIOZ E,4!*>!N)N?>qF3L,-&RL*xI%=KDx Oɵ9<8;S`T5 !s<Ce(+[Sjgt Jp+|#ANXtbt)v# -ןbٷYQk?r:!"6NiJY3YmbR.#b$jpD)hbL9R^V Y9-Z4ғJQ Nhb=z^5ժPx)7HԈEN; P<(MZݵk4>~Csv<8qⴟ G8sl|*)=R8mjK6}x:ϊ%"1#= l%C{ ӔbM-saBU7 qۡ$)hH*H-Hrgҁ!4solj,w®2yVYb"p<47 1M68J솖80bxlQG |ԉYKeVN#5^{%[*ʄSp!HOh[؝ NjvrmkӃuyaT7%\g~{ꍹh* KɶTzH,s0XgTነP}HMXmAE;UBT?BU3/n!?3+zU-'66/͗ əpz3 1I4 F2 2эI*X I_?m &Wz@jaIa\ڣRٞ1 V3Uv#Du!w~ wiouo]r pn%҃$hHAL-L Ae$F Y, #ELHK]DC e,৆5*BS>]Z~Z@N2:`yœĿ7N1r&oO6)scU= I_A#vSO2ސ{" !sb7=F>I"!V *(F1j ڕOI|3Pl-_(H*AN i*W>| vU]0v,qʖ&L!E)\f֤-4a@L=6$tj$*Eh܈5QPbo2!аXҫ-说{o_]/$^F8/սo139 "@G njNMβ@jNY4f {LAD>`|،7%u?HQ@ o9 &y6~ BOĒ,X*8p KcԔA2Дph6;8H2UP2M'|@)5*:8H?fS /!+b5ᄒ,uZ̆X~oN-2B]h.wZN RNa&Zk]:צSG I̱d6my.,}x=%uTO]/9M@{HA0.ڕXH\jl;:dd,粝dFlp6^I@D2ǧHzBH_J7ғQ>˜lh@ B@׻g@P-"JI C1d),jց@<$\?P8(&_kWWUkQ؞ 5֡ ps[hD3R]3h8.uQ} }JE!_tuIl"mw=fzP2 v١ eSLܗJ,9R~XbRqB΋/2L 0V0 -  5n/'M5nֱtQZn ",gP,/\WkٹK!"o% P^[-LZ־bKIj7x (4fDa_i+yr{AoP4ISh"U ֪nRǬlZ"-Fюm0E]v6R%i 4-'Lg"`FEE$rJk)Jyyj,0u%;'q&`;WGNI3PeC%I&g/=u?CQp1PT= Z:D$P)SGԱPGaAwEW WSK= |73 c_KZ LޥH:Ȗ/IY@j%:v@/3v*=ɑMt?!EEM>&ߪNiW#trC]Tc)0a%l"0(E5)̤6`PkJ*Aq Rav"b(Ի#l|TMPh@OW=܋BWLGe_I3 1w}v÷SɸftK:kOiㅧr_IgzvQz;B3yAd{M"(ؾG .837*]d,R ;j/*ڒ+9kK CE%-ESUFqTp5Ly,}-IG(.Ʉ>%R)++JYJP6%btQ"!2O=K&]Pk6~ȁ(O'zp 96ޭ+7^|+Xұp<Y (K_=$[r N` )=xcn dTl\ Z^$3'?\> ‘7On4*3yHKo(fT@F0-(Xt^sd=:ЈoIR cӌ l'̣Sj##TR[JA-}L[r$TѸL.&a0IKۊh<:!/8x/"509_2F\DUYP#f:YfBѺyTzMoz;ykYOwۺ/p&XLkqTeT/Ap^#ͦ Eq/aئa.?zl'l4"]y+YL֩! IiX2I}-b[ 82r,]t1)mi QC'´k:m0g'mxN~s<υ&f~̲\~3v%+=}onrPZVȸ*:0[5Rhz]̠|t:ok}s/S5[$"u!ta͵sRe3&Dx |K%RDB)n3wȃ>AFTX|XUKٸJVDXL0uޣ7rε"&}%3LT-#]N̮X.KVI+ "`D:>`=)=:]zTX *EI1>"3 \)#4X&d**A _ZS,! w: tfe'Jt'7_zͱtOS[7l"犔!snQghv-Y=n5ݒi+B.JNȓ??r7ŕIJpvz$Z@2m);*G'b#C)պ04e>yj"~TDkuάn;pωHr{3HocH,RAT"YZ={1b^aݓ~K\VnLK:~l}p{KԴ :6$6F+bTz2D60הKtdt&[:p0C;eSF%]j+!Yߥ:FY r #R!ԏP|XdB L26qe_]P<;I /G-=%F1zfQB fly|IΣ, Mnq*f R{1=Ptbdq; Oc{I ioE;sK6)xg@܀Ԡ;+tiCoLBX(}CZ;@8ʍ+~ڍre>yQiΒV"'؎)CJ#m^M+Y gV 8q1Gq{نohbajx*Z4ċDt0 S"Q‡~']i,O=? p.-6om(5 L~u̎=~.q:'GC=[%2N+f7"uXL e*R²(7jWz>+&vK3>rƳhI }ܛޕj~}]j/Moe3u%ʒΎ@RHʟxH+VЬ+\@BIZҒoך2 >456?<=O>O%?>o}[|-/u ND%~r C<|(K4htoA>šDzCD7zNƅm7čKb>orӁA,FajxĈ@mz $ǪSPǠXZ֒F~ր䑭&b6eAɳ2$QEv?~Cj{=bnZDawnn>+'x&@YsCrI8\HNHaJ:D +lYˁFdMk%mz>$Z+./hG[vxLNa5$(CB+|r]LN!x?+/>?C_rt"5 J*F@ eJ0 I.!rsk,z?q?RNlg$O~#,g%Z|t7,L*'8vaHi{M3.;w+_k6s!⊅VX 2%l?Ƌ1WJvqqY +$Jϰ/UC!,˟Ds@ЀEEw7saLFqvB 2S*aR;~#wFVu46ڠwsc 9vҝԿ6엺oIIokQ X?K^}_k&;ŘuZM?IB:E0l_i6hP`}#t/{ͷK?}*HūXDHcxKñ80wT!A*Κ]gv,']&N;! K޾#c e4xJa.ow'Hegޏ/T,]UC]jUj-zak7Vn& $;C\o`Pwۓ쇛*4i"IOd)zi;赥)! h:49Jڹqv7U:Re݂5l.cn#?o66굳o4kN/o=Ta*lYL㖵Q 7nY)"DZ9`O^i@]ќۥBȃ_C'Nm6VpWD#ҖwUb,7 ,[#mR}VC\6JFjӊtRNnzaqq&wQ^Q"ȫZ3r^xk֙7p&&P$G떛])nѓQ^|yn?JO>IĨad_8FԖA<kj؏ۄP&M.L&3'ąvM*7v;ʉG{lrx ' mo?{3W6 8QFK nN5JyNwܻy JӁ/?(;.Woo~/]T0Bfj!YO}Gk<%q[pڣ1в5I,cRig1܍ꕷ6g3kgcܤ5jj Bȶ)Ӂ1lY4\TnwO?}~ȇ櫕0⋕Poj;bԍ8e;cvb#;\wG#"`%_ju&O_>$֡\^YCv]&[aE, & nte5*(1BHv3zջ'waO+^|OqEfوmD1J!c &Ṳø%hc/@;0*r³vvsPd?JI}B[6?@i‚g")rqDPu C*:hGOcDZ_ws`v_pK_␥ۊpٷs#'vq ֯``+e3h%vegk+_^Hsf'Ԧ@5Bo bw L 'N:A'-,q$sE!ц٠|$(ęmX[8ӥJwо;GmU7Oa' ")M//"5 Cy"5/M0YZR绷B`%v ()ӗ3o+ Xp–vSB"pzgeK >o}kW^m>K<] >aE7|.e(A[YB#I n~ءV*9RGɇ!hT(͒b#5`\F_Ab`%kof`67]dcʊB_E _>ߴ$ۅs/]{ oo[bD b}6>n =Pny1X`Hz3Hzϻ6R%,2p!5J{hLr0%@$b '2|k4?c?'O?gQkj/[elHTb:o{wE2r̋Wy+3 &t$~HV"[,cC " PG(DG=J|fȡ`<c"RՀy~,*ngG>Dc&S}|{> PWkTv7>>-7.fmlP4rFt"q 1nz 9o"C{IuCk$~苧O<(uG(+UЃB68O|j#ׯW[}±*% &NKK.]ݼw_Yo|~ީlө<J# H?Q|mz q {,~2Uڲ6664)ӆKq*>y`eb% WN~4Hd$BwjBə>>䓡bx@ɳnnT_WJCEn hn1SGS^: K :t a&~5nY+JECvF[$@RYѣ"ռ6iU&=zcBΠwF01s>x5EgF0^DF(qFvS)Ftax {͓$?E@S3 JF>^JtW~E3slnnbwQ+jJx1 2"zb?!J6tQĂ_Fø@>FR9ٓO,#ssqR9I)*g!Iu~s#:IBnnr;Kws ԕ/5+VK0|J:A #KO{߻ӘPcz\R 8-vX0\3S RC~/轧O"wƓDTnTXzPN?'O?nO4I*a %8e*'Y^^&Ԅ< ~߳Mz%wii$>|䞏}c QSn$tTv05իɹL***ZLK`&yd,:`;;; /A&{p3oge]ny'Z`(SQeNi7ًLvN^8}מW/G;r6!FKg(hvY}Tv&;nnw/[d-TKիWuF,l'n+^ k^:9m*et"#1%ɛc*s~30Ɏ;;X)JNZkq * xv~w~sȠW}33 Wy?m za}A9=!ضᤴɢt.Ǭ\ 3ˇ{ӟz拟N2{f=uso~g^0"bwn*xJi/4# E}(16wp螈[Nʝq;xԒP&2vg^_Iwx_{xGo'w~gJ4% Q|&zJ}E_QU;|BSn˘c~N̆Pn&m?]\"!BY 4콝{ˉϯ|eCw$ԧ}}6K?=ʗnTxZGSQҩ&աHyWؑ?կ\>DLn#~OCmvlv491Qfwg,%z럺>t޾=n/2(-HM'OI]'?O]Ho_짎O}ꏪ|<$]4JTU"P-^;V$q{ F!1ԯ@{lI#<:p`4J>s?ɍs?ͧ?O7[_y\\>PߺvL')',)w) ~+_ATLu~;='3@ͱ"{"܄Hٸ̚VԘ,AA~`k'c}}䕯Pϕڅ/b"3W0[`+F, 56Vɠn3ܿl؟z;t 3Dɪ>vXz SSX݀Dkˀl1\?\~|k7czz/FׯsD<4<}Η $Ix6r\ԣ}kDXpΣ$ ?w YƳ݁An~UW%D\̉cē IF̿l}>> '~r+#?#fxsO1ZszR+8Xp.u;otLB-:0WjX$ _cưo ΑGN|]C6?v9OS D=m^c)Cd ,p"bN ;^#B"]yر57W)@'Hd%^_rnG99;ј3!\U6|3+gpqjn~o]~ɯ%3.7 KȞxl{{}{OAR  wyҬV>B6ɃFv:ɛv'2Bގ6TIn[d4]z+]j[J7@:wTiھt2}7O|Dѡ9ʍ# ﺏ5?2~?ŗkgZO/M>oe{BNj@bfZ9׋zMF1TtO?V,"y52G ǘH[CdI5g'—>ZY'~A?u==I^jw>4#3\צBt  dXa?'-;$I#<6uwF1.|{~/0-#PRp:*y7;sKTqw`fKO~knٯ]_ Z5oL,.AQfǪ< tx T. ߙT}f?0Ot@IT*p&P Vd6:2=+<^7.^=sgO'>Np >L{KuZ-OϷzmu#p;.? W 3wx+?Tºd0ife瘓ERtKTS_8Cɋ5ouzSkl>?yJ^4-$8(N奊 O97ׯ}n"6؁I2r:SR(.Jnަ3tJ;,.~7ɝw\:? f_UsjeΉo/Z(3[|qlS޺^ڔ1JkJ{5 c<=yߒ,[񝣅$n6 Iw]"6BZϽқZ_4uOy~vY~=z:27]J'?!>(Q5\wfa] T7c=95$/URܓ@ ?;M/?=wf7~~~gѯvv?8wOѯDkW?tB!&^5ge'=3AɭmV~˾k@Vʝ' -ı.Cip[_j3xP]G~қG,]u_9=wS| utg KA>쳴ung,xfɺşۏwC׆ɷ)\iG澺r??xX44 <kk/.~kٙ3z=԰ڎՕnF$LD"y;Fv[:6Dϻ5NfoIkd1&|;""}~i>yS}G~$ШFJ`"Ic¡GO^+aޕd˶7n\DU3RK]Y{"[ϟ;&YvCD ZX_wv)c|brrZro2<`HPGբʻj^,tYN~5& ["-!ʪIENDB`$$If!vh5#v:VlT t 6 065e4DyK  pferraresi@foundersgroupinc.netyK Nmailto:pferraresi@foundersgroupinc.netD@D NormalCJOJQJ_HmH sH tH T@T Heading 1 $$ @ @@@@&a$5CJT@T Q Heading 2$<@&56CJ\]^JaJ@@@ Heading 7@&CJhtH uDA@D Default Paragraph FontVi@V  Table Normal :V 44 la (k@(No List P @P Footer$ H$$da$B*CJOJQJ.)@. Page Number4@4 Header  !TO"T 1st Hanging Indent  & F CJOJQJTO2T 2nd Hanging Indent  & F CJOJQJl$@Bl Envelope Address!@ &+D/^@ ;CJOJQJ0U@Q0 Hyperlink>*B*PObP Mail Labelp]^p;CJOJQJHH@rH List Continue 56CJtH uNF@N List Continue 3$a$5CJtH uNG@N List Continue 4$a$CJhtH uj@j } Table Grid7:V0<B@< Q Body Text7$8$^JaJVC@V 73Body Text Indenthx7$8$^h^JaJEq*p*[\EFG/ 0 1 L M k l   [ \ N O WX !}~Pnr000000000000000000x0x0x0000000x00000000000000000@0@0@0 @0 @0@0@0@0@0@0\~00C\~00C\~00C\~00C@0@0@0@0\~00@0@0@0@004 ~r 0,^~00El;(l   0`dv+q 1qp3asv}(4!X!4t  ,b$Eڥ`M6~ @ 0(  B S  ?H0(   Docheader~rrG 4H isI J \hK  kL <"M ljN ďO  #P kQ D"R kS \wT tVsU <"V dW !X %Y l)Z 4-[ l  1  r     5 r   =*urn:schemas-microsoft-com:office:smarttags PlaceType=*urn:schemas-microsoft-com:office:smarttags PlaceName?*urn:schemas-microsoft-com:office:smarttags stockticker:*urn:schemas-microsoft-com:office:smarttagsStreet9*urn:schemas-microsoft-com:office:smarttagsState>*urn:schemas-microsoft-com:office:smarttags PostalCode8*urn:schemas-microsoft-com:office:smarttagsCity9 *urn:schemas-microsoft-com:office:smarttagsphone;*urn:schemas-microsoft-com:office:smarttagsaddress9*urn:schemas-microsoft-com:office:smarttagsplaceB *urn:schemas-microsoft-com:office:smarttagscountry-region $6425$$$$6871$$$o:ls phonenumbertrans     kq~orrwHKo~or333}~!+or~orB ⦿D|{6ewg"{6~%^(t175{6*:¨ruJ:^(?^(oeEtL>xOJ^(%L^(/LoSR^(kR^(oIR{6?V^([^^(B.8_2Da^(+tr^(!9s{6^`OJQJ^Jo(^`o(.^`o(.^`OJQJ^Jo(^`o(.^`OJQJ^Jo(^`o(.^`o(.^`.pLp^p`L.@ @ ^@ `.^`.L^`L.^`.^`.PLP^P`L.^`OJQJ^Jo(^`OJQJ^Jo(hh^h`B*OJQJo(^`OJQJ^Jo(^`OJQJ^Jo( hh^h`OJQJo(^`OJQJ^Jo(^`OJQJ^Jo(^`o(.^`OJQJ^Jo(^`OJQJ^Jo(^`.^`OJQJ^Jo(^`OJQJ^Jo(^`o(.oeE/L~%?VoSR+trruJ:[^>xOJkRa?%LB D|wg"oIRt175*:!9sB.8_@l        }5<#>+73MSZI^fs+n4}m`QJ?[K#:MNlYC~r@}}}}q`@UnknownGz Times New Roman5Symbol3& z Arial"qh4?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghjklmnopqrstuvwxyz{|}~Root Entry F0Data D1Tablei*WordDocument*SummaryInformation(DocumentSummaryInformation8CompObjj  FMicrosoft Word Document MSWordDocWord.Document.89q