Record Night - The End of New Wave

Record night traveled south last Friday to the Heinz household, allowing for ping-pong, barbecue and s’mores, but music was still front and center.  Kevin attempted to answer the question: what happened to new wave, when did it end, and what did it morph into?  He came prepared, even going month by month from October of ’85 into 1986 to illustrate what was happening musically at that time (our senior year).  Turns out there was more going on than the classic rock I was listening to.  Go figure. 

John brought a 45 grab bag.  We primarily stuck to the following rule: grab a 45 without looking and play the B-side.  By this method, we heard some of the worst Tom Petty songs ever recorded.  Also, the “no Pink Floyd” rule was also broken for the first time.

Paul’s theme was pick any song he felt like playing, resulting in the first Carpenters song ever played on record night, and neighbor Kevin came to offer a few selections as well. 

Without further ado, here’s the list.  Note that we warmed up with a few tunes prior to beginning the various themes. Forgive any typos or erros.

Kevin                    Stevie Nicks                       Voilet and Blue

Kevin                    Peter Gabriel                     Walk through the Fire

Paul                      Tom Petty                          Rebel

John                      Buddy Holly                        Not Fade Away

John                      Falco                                   Auf Der Flucht

Kevin                    ABC                                      How to be a Millionaire (beginning the theme, 10/85)

Kevin                    Kate Bush                           Running up that Hill

Kevin                    Dream Academy               The Party

Paul                      Graham Parker                  Discovering Japan

John                      Queen                                 Radio Gaga (A-side)

Kevin                    Arcadia                               Goodbye is Forever

Paul                      Everly Brothers                 Love Hurts

Paul                      Everly Brothers                 Cry, Sigh, Almost Die

John                      Bruce Springsteen            Shut out the Light (B-side of Born in the USA)

Kevin 2                 BoDeans                             First side of Outside Looking In

Kevin                    Dokken                               In my Dreams

Kevin                    Motley Crue                       Too Young to Fall In Love

Paul                      Producers                           She Sheila

Paul                      Rolling Stones                   Miss You (12 inch disco remix)

John                      Rolling Stones                   Emotional Rescue

John                      Elvis Costello                     Veronica

Kevin 2                 Alison Moyet                     Resurrection

Kevin                    Level 42                              Something About You

Kevin                    Falco                                   Vienna Calling

Kevin                    Art of Noise                       Peter Gunn

John                      Rod Stewart                       I’m Losing You

John                      Supertramp                        Rudy (B-Side of Take the Long Way Home)

Paul                      Fleetwood Mac                 Beautiful Child

Paul                      Fleetwood Mac                 Gypsy

Kevin                    Chameleons UK                Mad Jack

Kevin                    REM                                     Superman

John                      Rolling Stones                   All the Way Down (B-side of Undercover of the Night)

Paul                      Led Zeppelin                      Celebration Day (live version)

Kevin                    Ministry                              We Believe

Paul                      Simple Minds                     Up on the Catwalk

Kevin                    Peter Gabriel                     Ga Ga and Walk into the Fire (B-sides of 12 inch Red Rain)

John                      Pink Floyd                           One of my Turns (B-side of Another Brick in the Wall)

Paul                      James Taylor                     That Lonesome Road

Kevin                    Billy Idol                              Don’t need a Gun

John                      Tom Petty                          Heartbreaker’s Beach Party (B-side of Change of Heart)

John                      Tom Petty                          Change of Heart

Paul                      The Carpenters                 Goodbye to Love

Kevin                    Peter Murphy                    Bauhaus

Kevin                    Sigue Sigue Sputnik          Love Missile F1-11

Paul                      Stevie Wonder                  You Haven’t Done Nothin’

John                      Tom Petty                          It’s Raining Again (B-side of Refugee)

Paul                      Supertramp                        It’s Raining Again

Paul                      Supertramp                        Crazy

Kevin                    The Cure                             Just Like Home

John                      Supertramp                        Just Another Nervous Wreck (B-side of Logical Song)

Paul                      Elton John                          Sweet Painted Lady

Kevin                    Elton John                          Funeral For a Friend/Love Lies Bleeding

Radio Essay on Milwaukee's NPR Station

My essay on Charging Children as Adults appeared on Milwaukee's NPR station, WUWM, 89.7 on May 15, 2014.  Check it out.

May 15, 2014 Charging Children as Adults

Paul Heinz

Yes you can: Open an IRA for your Child

Money seems to be a preoccupation of mine these days, which is ridiculous, as there are more important things to consume one’s time, like albums, ping-pong and baseball.  But one aspect of money management I’ve embraced recently is one that every parent should at least consider: opening Roth IRAs for your children. 

Back in college, when my friend Mark announced that he’d just opened an IRA, not only did I not know what an IRA was, but once explained to me, I didn’t understand what the hurry was.  After all, I was still visiting the TYME machine (ATM to those of you from outside Wisconsin) three times a night to buy “just one more” pitcher of Hamm’s; the only foresight I possessed was drinking a glass of water to minimize the inevitable hangover the following morning.

Over time, I learned about saving early and saving often, and by now my family has reaped the benefits of this strategy, but I could no doubt be in a better position had I started saving prior to obtaining a full-time job after college graduation.  As a father of three, I’ve looked for ways to get my kids on the right track earlier than I did, particularly since debt accumulation is higher than ever and wages for many careers are stagnant.  Saving money might be more important for those currently in their teens and 20s than it ever was for those currently in their 40s and 50s.

Enter the custodial Roth IRA.  Yes, your kids can open an IRA (or, more accurately, you can open one for them if they’re under age 18).  Any money your kids earn up to $5500 this year can be put into an IRA.  That doesn’t mean your child can’t spend or save the money she’s earned this year; my two daughters earned small amounts in 2013, and they were allowed to spend or save that money as they saw fit, but I matched their amounts and put it into their respective IRA accounts.  Some companies don’t allow you to open up a custodial IRA – Fidelity is one example – and some brokerage firms require minimums that my 16 year-olds couldn’t reach, but there are several options to fit most people’s needs.  I ended up opening accounts through E*Trade, though I could just as easily have opened accounts at TRowe Price, Vanguard, Charles Schwab or TD Ameritrade. 

The idea of course is twofold: get your kids to become accustomed to saving (even if they’re currently not flipping the bill, they’re learning that saving for one’s retirement is important), and start growing their money.  My daughters only earned $900 and $1500, respectively, in 2013.  But if they manage to earn 7% for the next 50 years, that money will grow to $26,511 and $44,186.  Not a bad start.

If you can’t afford to match your children’s income in total, perhaps come up with a compromise and have your kids save a portion of their savings and you match that portion.  Even a couple of hundred dollars is better than nothing, and there are funds that will allow you to open an IRA for as little as $100.

One note: you can only invest legitimate earnings, so keep good records of your child’s income and file a tax return even if they don’t have any withholdings to recoup.  One of my daughters earned all of her income by babysitting and doing other odd jobs that didn’t require a W2 or generate a 1099, but I still had her fill out a tax return (form 1040EZ only took her 5 minutes to complete).  Throughout the year, I kept track of all of her earnings on an Excel spreadsheet and included it with my tax records.

There are great resources to get you up to speed on opening Roth IRAs for your children.  Three than I perused before taking the plunge are below:

http://www.forbes.com/sites/baldwin/2011/04/18/make-your-kid-rich-with-a-roth-ira/

http://www.investopedia.com/articles/personal-finance/110713/benefits-starting-ira-your-child.asp

http://www.kiplinger.com/article/saving/T046-C001-S001-give-the-gift-of-a-roth-ira.html

Now start keeping track of your children's savings, open up an IRA, select an index mutual fund, and watch it grow.

Hodgson in Milwaukee

Prior to his performance on Saturday night at the Northern Lights Theater in Milwaukee, I hadn’t seen Roger Hodgson grace the stage since his final tour with Supertramp in 1983, and it was hard to believe the same man could belt out the same tunes as forcefully as he had three decades ago.  Sporting a white shirt and black vest, Hodgson alternated between keyboards and acoustic guitar, backed up by a four-piece band and a largely superfluous 17-piece orchestra. 

Beginning with “Take the Long Way Home,” Hodgson stuck largely to his Supertramp repertoire, performing each of his songs from 1974’s breakout album Crime of the Century and the mega-hit Breakfast in America, along with several from the intervening albums.  Particularly surprising were the inclusions of “Easy Does It” and “The Two of Us” from 1975’s Crisis?  What Crisis?  Notable absences on this particular evening were songs he performed on other nights of his four-night run in Milwaukee: “A Soapbox Opera” and “Even In the Quietest Moments.”  That he mostly ignored his solo career was a little disappointing, as I would have loved to have heard “Had a Dream” and “In Jeopardy” from his debut solo album, and I wish the Supertramp song “Crazy” would have been part of the setlist.  Also oddly absent from the evening was electric guitar.  Hodgson is a master at the tasteful solo or well-placed wail – placing him in the same category as David Gilmore – but these parts were instead arranged for the orchestra, whose presence was most appreciated on “Fool’s Overture,” Hodgson’s epic composition from 1977, and “Hide in Your Shell” from Crime of the Century. 

Roger seemed genuinely pleased at both being able to perform his old material at such a high level and by the audience’s reaction.  Supertramp made their North American debut in Milwaukee, and back when radio stations had more leeway to support particular artists, Milwaukee was one of the band’s hubs.  Hence the four successive shows at Northern Lights, an intimate theater that allowed Roger to give special dedications and wishes to various members of the audience between songs.  When he was with Supertramp, Hodgson and fellow singer/composer Rick Davies yielded audience interaction duties to saxophonist John Helliwell.  Now Hodgson takes on these duties himself, and he seems more comfortable in his own skin today than when he was at the height of his career. 

Hearing Hodgson’s band faithfully reproduce the parts originally played by Dougie Thomson, Bob Siebenberg, John Helliwell and Rick Davies only made me appreciate how adept the original band was at creating a “sound.”  Tastefully understated parts made the whole bigger, and though they may not have been household names, these guys what they were doing.  Current woodwind virtuoso Aaron Macdonald blew through recognizable solos from tunes such as “The Logical Song” and “It’s Raining Again,” and it highlighted how innovative and integral John Helliwell’s contributions to the original band were.  Drummer Bryan Head played behind a drum shield of Plexiglass, and while this may help with sound separation, it was visually unappealing.  More intricate bands have managed happily without one, and I wish sound engineers would employ other techniques to improve their live mixes.

Back in 1979, when Supertramp temporarily ruled the Billboard charts, “Take the Long Way Home” was a favorite of mine, but when I heard Hodgson sing it on Saturday, the following lines hit home harder than they ever had before:

When you look through the years and see what you could have been

Oh, what might have been

If you’d had more time

When I last saw Hodgson in 1983, I was fifteen, and the world’s expanse was limitless, the future so vast, I could hardly contain the very thought of it, my arms unable to open wide enough to embrace what lay ahead.  I no longer feel that way.   I suspect Roger doesn’t either, but it was cool to see a man happy to revisit the past for an evening and share it with an appreciative audience.