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Fred Young Obituary

Young Jr., Fred J. Aged 98, died quietly at home surrounded by family and devoted caregivers early February 3, 2013. A 60-year resident of Winnetka, Illinois and member of the Congregational Church, Fred Young was born in Whitesburg, near Bull's Gap, Tennessee December 3, 1914. Beginning his education in a one-room schoolhouse, he graduated from Whitesburg High School and Maryville College, in Tennessee, and proceeded to the University of Missouri to receive a law degree in 1941. In 1941 he enlisted in the U.S. Navy and served most of his duty at the Navy Bureau of Medicine and Surgery in Washington, D.C. At the end of active duty he continued his service as a member of the Naval Reserve and retired at the rank of Commander. His first job after military service was in D.C. with the Veterans Administration where he met his future wife, Grace Woodward of Fort Scott, Kansas. Fred attained career success in Chicago in the world of banking, investment planning, and motivational speaking on the importance of personal finance management. His message is contained in his book How to Get Rich and Stay Rich published in 1979. During a long career with the Harris Bank he started an investment advisory service picked up by smaller banks around the nation. He was in the first class of CFA, Chartered Financial Analysts, registration number 211. Dedicated to fairness and integrity in the financial world, CFA members maintain self-discipline and professional skills in a field of continually proliferating new knowledge. His charter membership in CFA was an achievement of great value to Fred. He built on lessons learned at his father's general store in Grassy Valley, Tennessee adding his east Tennessee narrative style to mold a colorful business and personal life. He became a charismatic storyteller, known for his wit and dry humor, a man whose memory ranged far into the pages of history and forward into the complexities of economics. As a no-nonsense thinker he was an analyst whose financial advice was sought by institutions and individuals alike. Fred retained a deep connection to east Tennessee. He returned yearly, keeping family ties strong and visiting the various family homesites and farms. He drew his immediate family into the Tennessee circle through these visits and the detailed stories he told of people and places. Fred was preceded in death by his loving wife, Grace Woodward Young of Fort Scott Kansas; his mother, Chassie Walker Young; his father, Fred J. Young; brothers and sisters-in-law, Maxine Young White and Jack White, Sam and Agnes Young, and Joe and Ginny Young. Fred expressed gratitude for these and many enduring friendships he built throughout life. Fred is dearly remembered in the hearts and minds of surviving children, Fred J. Young, his wife Julie Youmans of Columbia, Missouri, Betty Ann Young and her husband Michael Smiley of Joshua Tree, California; grandchildren, Evan and Lydia Young; his sister, Nelle Telford of Decatur, Georgia; many nieces, nephews, and cousins; and cousin-in-law Linda Weiner of Raleigh, NC. The family wishes to thank Mina Alvarado, faithful caregiver for a number of years; and the irrepressible neighbors of Provident Avenue, "the best neighbors ever." Internment will be in Tennessee next to his wife in the Walker-Young family plot in historic Bethesda Cemetery, Morristown, Tennessee. In lieu of flowers, please send donations to the Harkness Outreach Center, P.O. Box 14, Winnetka, IL 60093, or the charity of your choice. Family will welcome friends at an open house Saturday, February 9, 2013, 2 5 p.m., at the residence.

To plant trees in memory, please visit the Sympathy Store.

Published by Evanston Review from Feb. 7 to Feb. 13, 2013.

Memories and Condolences
for Fred Young

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Lynn Tyson

March 24, 2013

March 21, 2013
My mother and father were old friends of Fred and Grace when they met in 1947 in Chicago. My mother, Isabel Leverton Schubert kept in touch until her death in January 2011. I wrote a letter to Fred informing him of my mother's death and Fred wrote me a very nice letter in response and followed up with a telephone call.
When sorting through my mother's papers today, I found his letter and decided to "google" Fred. I am sorry to hear of his death, but he certainly lived a full and useful life.

Lynn L. Tyson

Linda Ferguson

March 8, 2013

Just found this out today, 3/8/13. I knew something was wrong when we did not receive Fred's annual Christmas card. Fred was my first boss when I started work at Harris Bank in 1974. He was wonderful to work for, someone who drew admiration and respect, and taught me a great deal. I was so impressed by the fine example set by him and Grace, and credit him for our sensible financial outlook. A few years ago his card contained a portrait of Fred and Grace, and that is in a frame in my home among our family photos. Love, Linda (Hodges) Ferguson

Rick Mayhew

February 16, 2013

Fred was a fascinating guy. He and Grace made an incredible team. They will both be missed. If the following gets through, you can watch Fred describe his meeting with Warren Buffett at this link:

http://www.youtube.com/watch?v=oxak449p_Ak

Jim Bergstrom

February 13, 2013

Fred was one of a kind -- and we were all a little richer for having known him.

February 9, 2013

Thousands benefit from Fred's simple 11th commandment:"spend less than you make;put the rest in something that will go up". Fred was one-of-a-kind, and we will miss him.
Victor & Nancy Sidhu, Santa Monica, CA

February 7, 2013

We will miss a great friend and neighbor!
Jeanne and Donald Smith

February 6, 2013

I was sorry to hear of Mr. Young's passing.

Mike Dunigan

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