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Lewes, Delaware
Jim's Towing Service
December 26, 1997     Cape Gazette
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December 26, 1997
 

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CAPE GAZETTE, Friday, December 26 - January 1, 1998 - 41 BUSINESS & REAL ESTATE Bagel Cafe & Deft bak,00',s up the goods at Peddler's Village By Jen Ellingsworth A baker arrives each morning at 2 a.m. to warm up the ovens and start making fresh bagels, pastries, muffins, croissants and cookies. A small neon sign in the window indicates that by 6 a.m., the Bagel Cafe & Deli is open and ready for business. Owned and operated by Jeanne Tuoni, the establishment has been open at its site in Peddlers Village for the past four weeks. Tuoni, a native of Philadelphia who moved to the area seven years ago, said the reception to her business has been great, and that she's seen lots of repeat customers. "What's been good about it is the fact that the people I see are coming back every day," she said. "I feel like I must be doing some- thing right." Tuoni said she decided to go forth with the business venture be- cause she feels that it fills a niche for the area. Although the Bagel Cafe & Deli, which is open from 6 a.m. to 3 p.m. daily, caters primarily to its take-out customers, there are a few tables and chairs set up in the front area for patrons to use. Tuoni said she intends to start construction to expand the walk- in freezer space in the back of the business. Besides its bevy of bagels (al- most any kind you can imagine) and 11 different flavors of cream cheese (walnut-raisin, scallion, berry and veggie to name a few), the Bagel Cafe & Deli's reason- ably priced menu features break- fast sandwiches, deli sandwiches, fresh baked breads, four different types of croissants (including strawberry/cream cheese, choco- late, butter and cinammon), muffins and cookies. All of the baked goods are made on-the- premises. Tuoni also said she's got nine different types of cheesecakes (with six different types of double crusts) available by special order. Breakfast and lunch specials are posted on the lunch board each day, as well as fresh, homemade soups such as hearty ham-and- bean, beef vegetable and home- Continued on page 42 Jen Ellingsworth photo Jeanne Tuoni is the proprietor of the Bagel Cafe & Dell, located on Route 24, in Peddlers Vil- lage. The establishment, which has been open for the past four weeks, is already receiving rave reviews for its wide selection of baked goods for breakfast and lunch. Candy maker introduces 'Crunchy Cremes' at Rehoboth Mall They're crunchy. They're creamy. They're peanut buttery. They're "Crunchy Cremes," the newest confection of "Mother Maude's Fabulous Fudge," introduced at the Rehoboth Mall on Saturday, Dec. 12. Mother Maude' s, a local family-oriented, candy-making business, gave "Crunchy Cremes" a second taste test at the booth in Rehoboth Mall recently. "So many people kept coming back for seconds and thirds last weekend that we ran out halfway through the day and not every- one who wanted to got a chance to try them," said Mother Maude's Duane Whit- man. "So we'll be back this weekend with more Crunchy Cremes in addition to our fudge and other favorites for the holidays." Duane, Kathy and Megan Whitman have been in the candy-making business for three years. They started out with Duane Whit- man's mother's original "Fabulous Fudge" recipe for chocolate fudge. They now offer, on a rotating basis, more than 20 flavors of homemade fudge, a variety of other family specialties, including Megan's award-win- ning "Fudge Nutty Bar" and "Peanut Butter Cream Bails," as well as lollipops, choco- late-covered pretzels and several sugarless delectables, including sugar-free, choco- late-covered pretzels, peanut butter cups and salt water taffy. There is no Mother Maude's Fabulous Fudge store yet (though the idea is the stuff of sweet dreams), so customers must catch the candy-making family at shows and fairs or place orders by phone or mail. The Whit- mans sell their confections at about 20 events each year, including about 12 Re- hoboth Mall shows throughout the year, the Milton Balloon Festival in the spring, and the Gov. Ross Plantation Seaford Towne & Country Fair on Labor Day weekend. The holiday season is a particularly busy time for Mother Maude's at their Millsboro headquarters. "Nothing is better than my mother's fudge in my eyes and never will be," said Continued on page 42 Tips on planning for your retirement FINANCIAL FOCUS life span. What if you run out of retirement savings at age 85 and live 10 more years...or 20? Annuitization may help. Ensur- ing that retirement savings last long enough is where annuitiza- tion comes in. Annuitization, available through insurance contracts called Almost every working person in America is, in some way, plan- ning for retirement. Most of us are aware that traditional sources of retirement income, such as Social Security or an employer-spon- sored petition, probably will not fully fund our retirement as they did for past generations. More and more it is up to us to prepare financially for our retire- ment years. As we build our per- sonal retirement assets, we gener- ally estimate our needs based on the cost of our expected or desired retirement lifestyle, the current outlook for inflation, what we can currently afford to save and our estimated life expectancy. This seems reasonable, but what if one or more of these factors prove to be other than anticipated and the money just doesn't last? People are living longer today, and it's especially necessary to plan for the possibility of a longer annuities, guarantees the annuity owner income payments for a pre- defined period of time, typically ranging from as short as five years to as long as the lifetime of the owner and his or her spouse. Additionally, many financial advisors consider this an excellent method of building future income because annuities are tax-advan- taged investments - that is, their assets grow on a tax-deferred ba- sis during what is called the initial "accumulation phase." How does an investor fund an- nuitization? First, assets are in- vested and built up for a number of years in an annuity, during the accumulation phase. As a hypothetical example, a man who is currently 55 years old places assets into an annuity to be- gin the accumulation phase. When he turns 75, he will de- cide for how long he wishes to re- ceive payments and "annuitize" his annuity contract. Thus, he will begin his "income phase" of the contract and start receiving a check every month. If he elects a lifetime payout, he will receive checks for the rest of his life, re- gardless of how long he lives. How assets build during the ac- cumulation phase depends on which annuity you purchase. There are many types of annuities from which to choose. Some an- nuities (fixed annuities) guarantee a fixed rate of return, while others (variable annuities - which are sold by prospectus only) offer professionally managed portfolios that usually invest in the stock market. Most variable annuities provide a range of features and benefits, including provisions for your heirs in the event of your death. All offer the advantage of tax de- ferral on investment earnings which, over the long term, can represent a significant increase in value over the investments with earnings subject to annual taxes. As with other investments, diver- sifying assets can provide a desir- able mix of liquidity, stability, lifetime income and opportunity for growth. It is best to talk with an invest- ment professional to learn what choices might suit your individual circumstances. In the end, one of the greatest advantages of annuitization is that you do not have to know in ad- vance how long you will require income. Therefore, you can rest a little easier knowing that you'll have at least one source of ongo- ing income throughout your re- tirement years. Bruce W. Chilcoat is an account executive and certified financial planner with Dean Witter Reynolds in Rehoboth. To reach Chilcoat, call 226-5100.