Brought to you by:
Jeffrey N. Schweitzer, EPA, CEP, ATP
Northeast Financial Strategies Inc
667 South Street
Wrentham, MA 02093

Facebook LinkedInTwitterBlog

Bookmark and Share
About Our Firm:
Offering Financial & Estate Planning, Investments, Insurance, Accounting, Payroll, and Income Tax Preparation for Individuals & Small Business. "Financial Strategies That Fit YOUR Needs!"
QUOTES from the Masters...
On Expectation On Risk-Taking
"Realize that true happiness lies within you. Waste no time and effort searching for peace and contentment and joy in the world outside. Remember that there is no happiness in having or in getting, but only in giving. Reach out. Share. Smile. Hug. Happiness is a perfume you cannot pour on others without getting a few drops on yourself." -- Og Mandino

"We make a living by what we get, but we make a life by what we give." -- Norman MacEwan
"Necessity is the mother of taking chances." -- Mark Twain

"The new frontier of which I speak is not a set of promises – it is a set of challenges. It sums up not what I intend to offer the American people, but what I intend to ask of them. It appeals to their pride, not their pocketbook -- it holds out the promise of more sacrifice instead of more security." -- John F. Kennedy

"Too many people are thinking of security instead of opportunity. They seem more afraid of life than death." -- James F. Byrnes

Retirement Readings Goals and Charitable Giving

There are a variety of charitable giving techniques that can be matched with a donor's goals in making the gift.  These include:

Charitable Planning Goal

Charitable Giving     Technique

The Outcome

A quick and easy gift

An outright gift of cash, securities or personal property

Income tax deduction and possible avoidance of capital gains taxation

A large gift with little cost

Name a charity as owner and beneficiary of a life insurance policy

Current income tax deduction equal to value of policy; possible future deductions for premiums

Avoid capital gains tax on the sale of an appreciated asset

Donate real estate, securities or other appreciated assets

Current income tax deduction and avoidance of capital gains tax

Make a charitable donation after death

Name a charity in your will or establish a revocable living trust

Control of property during lifetime and possible estate tax savings

Donate personal residence, but continue to live there

Donate ownership of the home to a charity, but retain the right to live there during lifetime (retained life estate)

Charitable income tax deduction and lifetime use of home

Avoid the double taxation (income and estate) of retirement plan assets

Name a charity as beneficiary of retirement plan assets remaining at your death

Avoids passing a heavily taxed asset to heirs; removes remaining value from estate

Receive a fixed income from assets

Create a charitable remainder annuity trust that pays a fixed annual income

Immediate income tax deduction and fixed income for life

Receive a potentially increasing income from assets

Create a charitable remainder unitrust that pays a percentage of trust assets, which are valued annually

Immediate income tax deduction and potentially increasing income for life

Reduce gift and estate taxes on assets passing to heirs

Create a charitable lead trust that pays income to a charity for a set term and then passes to heirs

Current income tax deduction and potential gift and/or estate tax savings

Supplement income from assets

Transfer assets to a charity in return for a lifetime income (charitable gift annuity or pooled income fund)

Current income tax deduction and lifetime income

Maintain control over how donated funds are used

Donate assets to a donor advised fund or set up a family foundation

Current income tax deduction and take an active role on how donation is managed and distributed

Please contact my office if you’d like more information on charitable giving.

MESSAGES from the Masters...

Parents, leaders, employers, teachers and volunteers, have you discovered one of the great positive mysteries of life?  Here it is - All life seems to wish to reward its benefactor.

If you become the benefactor, you will receive these incredible rewards. If you are the benefactor to the garden, the flowers seem to bloom and say, "Look at me.  Look how bright and beautiful I am because you took care of me.  I wish to reward you by being beautiful, lovely, spectacular."

Your own children, if you become their benefactor, they want to reward you with their progress. I taught my daughters how to swim. And my daughters would say, as they were about to dive, "'Daddy, daddy watch, watch, look, look, watch" as if to say; 'look what you have created here, you've spent the time with me and now look at me.  This is the payoff.' Watch me dive."   I was their benefactor.

I have found that all life wishes to respond to the benefactor. The ones who give their time, give their effort, give their patience, give their ideas, the benefit of their experience. Whatever has benefited from that, wishes to respond. The crop wishes to grow. The child wishes to show you how much progress they've made.

And remember that whatever you move towards tends to move towards you. Just as when you move toward education, and education starts to seek you out. Or when you move toward progress and progress seems to want to now embrace you.  You will find that, just as predictably, as you move towards helping those in your care they will wish to repay you with their own success and accomplishments.

We don't want to add to your e-mail clutter!  If you do not enjoy my newsletter, just reply to this e-mail and ask to be removed or call my office.  Thanks!

The purpose of this newsletter is to provide information of general interest to our clients, potential clients and other professionals.  The information provided is general in nature and should not be considered complete information on any product or concept described.  For more complete information, please contact my office at the phone number above. 

Published by The Virtual Assistant; 2011 VSA, LP