DuPont Wealth - October 2018

AREYOU USING EXTRA-VIRGIN OLIVE OILWRONG?

Understanding Cooking Oils and Their Uses

Not all cooking oils are created equal. Some cooking oils have distinct flavors, while others are suited for high temperatures. Every oil is unique. Here are six common oils and their best uses. EXTRA-VIRGIN OLIVE OIL An often misused oil, extra-virgin olive oil (EVOO) should not be used for cooking or frying. It’s simply too delicate and cannot withstand high temperatures, which can damage the flavor, ruining dishes. Instead, use it as a finishing oil — drizzle it over pasta, salad, or bread. OLIVE OIL Unlike EVOO, standard olive oil can be used for cooking and frying. It can withstand temps up to about 460 degrees. In many cases, you can use it in place of other cooking oils — just be sure you’re using plain olive oil and not EVOO. COCONUT OIL Better for baking than cooking, coconut oil is generally solid at room temperature. It can be used for some cooking, but like EVOO it doesn’t play well with high temperatures. Keep it at 350 degrees or below and use it as a butter substitute. CANOLA OIL/VEGETABLE OIL A good option for high-heat cooking, baking, and frying, these utilitarian oils are completely neutral in flavor, but they’re not heart-healthy. Vegetable oil

is a generic mix of oils, including soybean, canola (rapeseed), and palm oils, making it the most inexpensive cooking oil. PEANUT OIL Great for high-heat cooking, frying, and deep-frying, peanut oil has a neutral flavor, so you can easily use it in just about any dish that needs a cooking oil. It’s also a more heart-healthy option than canola and vegetable oils. AVOCADO OIL When you need an oil to withstand high temps, this is your oil. It has a smoke point of 510 degrees, making it perfect for grilling and stir-frying. What makes avocado oil particularly unique is it can also be used as a finishing oil, like EVOO. It’s light yet resilient.

Essential Questions to Ask Before Retirement PENNY FOR YOUR THOUGHTS

WHEN? Deciding when you retire largely depends on your financial goals and how much you enjoy working. It’s not uncommon for those passionate about their vocation to delay their retirement, and that’s okay. But setting a clear date for your exit from the working world can keep you from continuously putting off retirement and ensure you have time to enjoy your golden years. WHERE? Nowhere is it written that you have to spend your retirement in the same place as your working life. Maybe you want to downsize or move to be closer to family. Perhaps you always wanted to call the rugged mountains of the Northwest or the beaches of South Florida home. Maybe your ideal retirement is defined by where you travel and not where you stay. Careful planning can help you find that ideal place for retirement, even if it’s in your own home.

“Retirement” is one of those words that gets used so often that it can start to lose its meaning. Let’s take a moment to remind ourselves what this important but much discussed milestone really signifies: the rest of your life. Life after work can be an incredible experience, but it takes proper planning, and proper planning takes a concrete vision. Here are some prompts to jump-start you into serious retirement planning. DOYOU HAVE THE MONEY? It’s best to tackle the hard questions first. The No. 1 concern of retirees is whether they have enough money for the long haul. Take time to look at your finances and ask yourself about the kind of funding you’ll need for retirement. You should figure out the cost of living where you wish to spend your retirement, and ask yourself how much income you’ll need at each stage of your life.

WHAT? You’d be surprised how many people go blank when they’re asked what they want to do in retirement. There’s a lot of time to fill when you don’t have to worry about work any longer. What kinds of hobbies do you want to pursue? What’s a skill you’ve always wanted to master but never had the time? Knowing the answers to these questions can help you and your financial advisor chart the best course toward your ideal retirement. The earlier you start planning, the easier it will be to meet these goals. Give us a call today at 614-408-0529 to get started!

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