050-890 exam plan - Advanced Novell Network Management;Netware 6.5

Fish assessment

If you have an existing pond on your property, the next step after setting pond management goals is to assess the current status of the pond. This will deliver you a starting point for pond management decisions as well as a baseline to evaluate future changes. Without knowing what fish and plants are in the pond, it is impossible to plan for the future. It is also important to conduct routine assessments of fish populations so that you can determine if your management is yielding the desired results, or to identify problems before they get out of control. Detailed information on pond assessment can be found in FNR-598-W.

Fish assessment can be as simple or comprehensive as you’d like. Simple fish assessment can be done by going fishing and recording the species and size of each fish caught. It is important to use fishing methods that are likely to capture a wide range of species and sizes (e.g. bobber fishing with nightcrawlers, fishing with soft plastic and other lures). It is essential that you record accurate data on the fish that you catch, and that you keep these records for a number of years. You can then review your fishing records to determine specific fish management, harvest and stocking requirements. You can find tables to record your fish data in FNR-599-W.

Other fish sampling methods, such as netting and electrofishing, can be done to get a more comprehensive idea of the fish community in your pond. It’s best to work with fish biologists, such as Purdue Extension Educators or private consultants, to conduct these comprehensive fish assessments.

Fish species identification

There are hundreds of fish species that live in streams and lakes in Indiana, and many of these can show up in ponds. However, there are relatively few fish species that are well-suited to Indiana ponds. Many fish species can cause problems with overpopulation or habitat degradation. Therefore, it is important to know what fish are in your pond.

Our fish species identification guide will help you identify the 30 most common fish species found in Indiana ponds. The guide will also highlight which species are best suited to ponds and which species should be avoided or eradicated. For help with Indiana pond fish species identification, please refer to Purdue Extension Publication FNR-584.

Fish stocking

Fish stocking is typically only required for new or renovated ponds, or ponds that have undergone a significant fish kill. Many other fish problems, such as stunted fish populations, are actually made worse through fish stocking and are best addressed through harvest or other fish management.

Fish stocking is a lot like planning for retirement – you need to have a vision of your ultimate goal. It is important that you start off on the right foot so that you can reap the rewards down the track. Stocking the wrong species or the wrong balance of fish often results in many problems that are difficult to rectify later.

Four fish species are recommended for stocking in Indiana Ponds: bluegill, redear sunfish, largemouth bass and channel catfish. These species can yield balanced fish populations that provide good fishing opportunities and food for the table. Bluegill and redear are important prey for bass, while bass are important predators of these sunfishes. This predator-prey relationship is what maintains balance in pond fish populations. Therefore, it is essential to stock these species at the correct sizes and ratio to start off on the right foot. Channel catfish do not significantly contribute to this predator-prey relationship in ponds and can be stocked in combination with these species or on their own.

Grass carp and tilapia are two species that can be stocked in ponds to help control aquatic vegetation. Grass carp only eat pondweeds and do not eat filamentous algae, duckweed or cattails. Tilapia prefer to eat filamentous algae, although they may also consume some pondweeds. It is recommended that you work with a pond consultant of fish biologist if wishing to stock these species.

Fish should always be sourced from a licensed fish hatchery. This will ensure that 1) you get the correct species for your pond, 2) you get high-quality and healthy fish, and 3) you don’t introduce disease or parasites into your pond. While it may seem tempting to collect your own fish from other ponds, lakes or streams, this may cause significant problems for your pond down-the-track.

For more information on stocking fish in Indiana ponds, please refer to Purdue Extension Publication FNR-569.

Linda Ray is an award-winning journalist with more than 20 years reporting experience. She's covered business for newspapers and magazines, including the "Greenville News," "Success Magazine" and "American City Business Journals." Ray holds a journalism degree and teaches writing, career development and an FDIC course called "Money Smart."

Debt management plans are a way to pay off your balances by working with a nonprofit credit counseling agency. With this approach, you can pay off your debts in five years or less and get other help managing your money. However, debt management plans are not for everyone, and there are some downsides to consider. Here’s what you need to know about the advantages and disadvantages.

We independently evaluate all recommended products and services. If you click on links we provide, we may receive compensation. Learn more.

Alison McConnell is a writer based in Washington, DC. She has more than 13 years of experience covering courses in economics, business, personal finance, fitness, health and nutrition. She has worked as a writer and editor for newspapers, magazines, websites and radio. McConnell holds a BA in economics from Bowdoin College and has worked as a strength and conditioning coach since 2009.

Sky-high inflation, turbulent markets and ballooning interest rates have made life tough for consumers. To wit: Half of Americans reported that they are financially worse off now compared to last year, according to a recent Gallup poll. 

Debtholders, thanks to higher borrowing costs, have had it particularly rough. If your red ink has become overwhelming, one option to consider is a debt management plan (DMP). 

What is debt management?

In a debt management plan (DMP), clients work with a consumer credit counseling agency to come up with a repayment plan and follow through on it.  

“We also work with your creditors to lower interest rates, waive or eliminate fees and stop collection calls,” said Tayri Martinez-Orza, a quality assurance specialist at GreenPath Financial Wellness, a nonprofit financial counseling service. 

If the creditor is willing to negotiate, “clients end up saving money on interest and getting out of debt sooner because more of the payment goes toward reducing the principal balance,” Martinez-Orza said.

Who would need a debt management plan?

A debt management plan is best for people who are stressed about their obligations, but aren’t yet in dire straits. If you have a pile of debt built up, are struggling to make payments and starting to fall behind, it might be for you. 

“DMPs are generally best for those facing a less-severe financial hardship,” said Sean Fox, president of Achieve Debt Resolution, a personal financial services company.

If you are several months behind on all of your payments, and getting regular calls from debt collectors, you might benefit from a DMP.

How debt management works

Think of the DMP itself as a roadmap, crafted in consultation with a credit counselor, that will help you work down unsecured debt, such as credit cards, as cheaply and quickly as possible.

Your debt management counselor negotiates with your creditors to reduce fees and interest rates, then helps you to both create the plan and stick with it. In many cases, you’ll make one payment to the agency, which will then pay your creditors on your behalf. You do not open a new loan or take on more debt. In fact, the accounts in debt may be closed. 

A plan with a non-profit provider will likely come with a free initial consultation, but you’ll likely have to pay a fee for the service. (National rates are capped at $79, but some states have lower limits.)  Beware for-profit providers, and make sure to avoid credit counselors that charge exorbitant fees. The Consumer Financial Protection Bureau (CFPB) recommends you receive a fee quote in writing. 

You will need discipline, though, to succeed. Most plans are three-to-five years long, and only work if you keep up with your payments. 

Pros of debt management plan

Setting a goal and getting a professional on your side can help you to see a light at the end of the tunnel of debt.

Lower interest rates and fees

If your creditors agree to work with your debt counselor, you could get a lower interest rate and cancel or, perhaps, stop incurring fees. Your creditors may agree to lower rates or fees because you’ve made a concerted effort to pay them back. The debt is unsecured, after all, and they may receive less if you ultimately declare bankruptcy. 

Stop collection calls

With a DMP in place and money being paid, your creditors may stop contacting you and causing you stress. 

Whether you have a DMP or not, you have the right to tell a debt collector to cease communicating with you based on the Fair Debt Collection Practices Act (FDCPA).

If you are dealing with constant calls, follow these steps outlined by the CFPB:

• Identify who the creditor is, including their address and phone number.
• Find out how much is owed, including any fees, interest or collection costs.
• Ask when the debt was incurred and for what purpose.
• Determine the name of the original creditor.
• Make sure it is you, and not someone else, who owes the debt.

Work with a non-profit organization

You work with a credit counseling agency to craft a DMP. They are not-for-profit organizations and their goal is to assist consumers. Other debt solutions require you to work with for-profit businesses like lawyer firms and debt settlement companies. 

Nonprofits typically charge fewer fees than for-profit businesses. Search the National Foundation for Credit Counseling or Financial Counseling Association of America to find a counselor that fits your needs. 

A single payment

One of the biggest benefits of a debt management plan is that you could get a streamlined, single payment.

A single payment can help you save money, as you’re less likely to miss a payment, incur late fees and face mounting interest. Moreover, the simplicity of dealing with one monthly payment, rather than several, will make your finances easier to manage. 

A financial road map 

The payment schedule sets a goal for you to reach and tells you how to get there. It provides a timeframe and you can see when you’ll eliminate your debt. 

A DMP, with a payment due each month, will hold your fee to the fire, and make it less likely that you delay your debt payments. 

A chance to Strengthen your credit

The largest factor used to calculate your FICO credit score is payment history (35%), followed by amounts owed (30%), length of credit history (15%), credit mix (10%) and new credit (10%). 

“Making those timely payments will typically Strengthen your credit over time,” said Martinez-Orza.

You might also be able to re-age your credit accounts, changing their status to current, then your DMP payments will be recorded as one-time, and thereby incrementally improving your credit.

However, if your credit cards are closed, then your credit utilization may rise, which could negatively affect your credit.

Regardless, you need to take the longview: working down your debt will help your score in the long run.

Cons of debt management

A DMP isn’t always the answer and following through on one might not be easy. 

It’s not debt elimination 

It’s important to note that DMP doesn’t erase debt; you will still be paying it off. This can cause challenges if you’re not prepared.

“In many cases, consumers attempt a debt management plan, but eventually wind up filing bankruptcy because they can’t afford the payments,” said Fox.

Unsecured debt only

A DMP only applies to what you owe from credit cards, personal loans and other such unsecured debt. It doesn’t apply to things like mortgages and car loans.

Creditors have to agree

The businesses and people you owe money to don’t have to agree to waive fees or charge less interest. In most cases, they’re under no legal obligation to work with you and have the right to refuse to accept less money.

There are likely fees

You may need to pay the debt counseling agency that administers your plan. 

“DMP fees vary based on your state of residence and debt amount,” says Martinez-Orza. For example, her agency charges a one-time set up fee and a monthly fee. 

However, these fees could be minimal considering the amount of money you can save in reduced interest charges, waived fees and in preventing future financial problems. 

No new lines of credit

Enrolling in a plan can also limit your ability to access ongoing credit. You typically aren’t able to take out a new home loan or car loan while you have a DMP. 

Also credit cards enrolled in the plan will be closed as you pay them off, “although most creditors will usually allow you to use one credit card for emergencies,” Martinez-Orza said. 

Debt management vs. debt consolidation 

Debt management and debt consolidation have the same aims – to help you simplify your finances, reduce what you owe, stop collection calls and set you up for success. However, they differ in how they accomplish those goals and are better for different people. 

In debt consolidation, you take out one new loan and use it to pay off all (or most) of your other debt that has higher interest rates. You then make monthly payments on the debt consolidation loan until it’s paid off. 

Debt consolidation makes sense if you can both secure a lower interest rate than what you owe on your credit cards, and receive a big enough credit line. 

The average credit card interest rate in March, 2023 was 24.10%, whereas the best debt consolidation loans have rates ranging from 6.99% to 35.97%.  

Debt management vs. debt settlement

With a debt management plan you work with a trusted non-profit credit counseling agency to pay back all debt. By contrast, in a debt settlement situation, you work with a for-profit company and ultimately pay less than what you owe. 

Debt settlement can severely impact your credit, you will likely owe taxes on the amount of debt that is forgiven and debt settlement companies charge fees that range from 15% to 25% of your enrolled debt.

Alternatives to debt management

It’s important to select the debt relief strategy that works for you. Each of these options have their own pros and cons that you should consider carefully before committing.

• See if you’re eligible for hardship assistance. Many creditors and government agencies have options for people who are facing financial hardship. 
• Get financial counseling. You can talk with a credit counselor and get help without signing up for a DMP. 
• Do a balance transfer. Rather than keeping your credit card debt in an account that’s charging interest, transfer it to a credit card that has no interest or low interest. Here are the best 0% intro APR credit cards. 
• Use a debt payback method. To structure your finances, you can adopt a proven plan to attack debt with the snowball method.
• Consider debt settlement. If things are looking bad and your credit score is already doomed, debt settlement might have more pros than cons. 
• Look at bankruptcy. If things are really bad and there’s no feasible way out of debt, bankruptcy might be the answer. Be aware though that you must qualify for it and it’s not an easy solution. 

SHELBURNE, Vt. (WCAX) - Vermont towns are better prepared for worst-case scenarios thanks to their emergency management plans. The Vermont Emergency Management Center helps town leaders come up with their plans and in some towns, the exercises and discussions are ongoing.

At the end of May, the town of Shelburne is hosting a regional exercise to prepare for catastrophic situations related to railways. The tabletop exercises are discussion-based where a scenario is posed and the group discusses their role in responding.

“We’re going to talk about sheltering and we’re going to talk about evacuating from an area. We’re going to talk about the different resources, both within the town as well as external to the town, and how those communications would work between the towns and what sort of requests towns would make of one another during a response. It’s not just the hazmat component of whatever has spilled out of that train or what potential fires occur, but also the evacuation and sheltering and communication, and then the clean up afterward,” said Emily Harris with Vermont Emergency Management.

These exercises are funded by federal dollars and are not required but towns can request them. recent exercises included one at Rutland Airport, Burlington International Airport.

The next full-scale mock rehearsal exercise is in October 2024, where southern Vermont agencies will be testing resources and communication techniques.

Copyright 2023 WCAX. All rights reserved.

Wealthtech has enabled wealth advisors to better serve clients and manage their practice but less so with retirement plans where complexity, regulations and technology have inhibited innovation, according to Dani Fava, Envestnet’s head of product innovation.

Hear what wealthtech retirement plan advisors and providers can leverage to benefit consumers in their plans through quick and constant value.

Fred Barstein is founder and CEO of TRAU, TPSU and 401kTV.