Thursday, September 27, 2012

The Three Toads




How often I recall the tale of the three toads...

They decided to cross the road to a greener field on the other side,
but were momentarily delayed by a deep rut in the auto tracks.
Two toads hopped over the rut successfully,
but the third misjudged the distance and fell in.

His friends waited for him as he tried to jump out but failed.
Finally, they deserted him and went on across the field.

A few moments later,
they were amazed to see their friend hopping merrily toward them.
“What happened?
The last we saw, you were in a rut and couldn’t get out.”
“I know,” he replied. “But a car came along and I had to!”

Please call my office if you’re in a “financial rut”…
we may be able to help.

To read the Full NFS September '12 Retirement Readings, click here

Tuesday, September 25, 2012

Federal Income Tax Rates for Corporations




For Taxable Corporate Income:

From: To: The Tax Is: Plus: Of the Amount Over:
$0 $50,000 $0 15% $ 0
50,000 75,000 7,500 25% 50,000
75,000 100,000 13,750 34% 75,000
100,000 335,000 22,250 39% 100,000
335,000 10,000,000 113,000 34% 335,000
10,00,000 15,000,000 3,400,000 35% 10,000,000
15,00,000 18,333,333 5,150,000 38% 15,000,000
18,333,333 unlimited 5,150,000 35% 18,333,333
Are you making effective use of corporate dollars to achieve your personal financial security goals?
To read the Full NFS Spetember '12 Business Briefs, please click here

Wednesday, September 19, 2012

Why People Buy Life Insurance



For the Death Benefit:

  • To replace earning power at death
  • To pay for cash needs that arise at death

As a Disciplined Savings Program*:

  • To help pay for educational costs
  • To supplement retirement income
  • To take advantage of business opportunities
  • For financial emergencies

Because of the Risk of Waiting:

  • To replace earning power at death
  • To pay for cash needs that arise at death

For the Tax Advantages:

  • Death proceeds are received free of income tax
  • Cash value accumulations are tax deferred
  • Cash value loans or withdrawals* are free of tax, as long as the policy stays in force
  • Accelerated death benefits are received free of income tax

In Recognition of Personal Responsibility to:

  • Family
  • Banker
  • Mortgage company

For the Flexibility:

  • Benefits may be available regardless of whether the policyowner lives, quits, dies or becomes disabled
  • Life insurance is portable; benefits are not lost due to job changes
* Withdrawals and loans will reduce the policy’s death benefit and cash value available for use.

To Read the entire NFS September '12 Financial Facts, click here.

Please call my office for an appointment if I can assist in evaluating your life insurance needs. Remember, September is LIFE INSURANCE AWARENESS MONTH!


Monday, September 17, 2012

Keeping His Spirit Alive


As a young insurance agent, Mark Wandall didn’t needed to be convinced to buy life insurance. But even Mark would be amazed at all that the insurance has meant for his wife, Melissa, and for many other people he never met.

Wednesday, September 12, 2012

What Are the Implications of Dying Without a Will?




People who die without a valid will, die intestate. In this event, the state in which they resided effectively provides a will through the state's intestacy law. This means that the state dictates who will receive the estate owner's property and in what proportion.

While state intestacy laws do attempt to provide for a "fair" distribution of property, the state's "one-size-fits-all" will simply cannot reflect the specific wishes of the estate owner in regard to either property distribution or the unique needs of the estate owner's heirs.

In addition, state intestacy laws require that the probate court appoint a guardian for any minor children. The court-appointed guardian, who may not even be a relative, may be required to post bond and the guardianship will be supervised by the probate court.

Finally, when a person dies intestate, the probate court appoints an administrator of the estate. This administrator can be anyone of the court's choosing and is required to post bond, an additional expense that must be paid by the estate.

To view the entire NFS September '12 Estate Ideas, click here.

Medicare - Healthcare Options for Retirees

Medicare - Healthcare Options for Retirees - TODAY!!!
HarborOne U, Mansfield MA
Wednesday, September 12th, 2012
1:00 pm to 2:30 pm

Medicare Overview:
Eligibility / Enrollment / Coverage Options/cost
Prescription Drug Coverage:
Medicare Prescription Drug Program (Part D) / Employer Retiree Coverage / Other Options for Prescription Coverage / Help with Health Care Costs

Discussion & Questions on Medicare Planning & Retirement Strategies

Presented by James Schweitzer and Jeffrey Schweitzer of Northeast Financial Strategies Inc. and Peggy McDonough, Regional Director of the SHINE Program at HESSCO Elder Services.

Register today as seating is limited. 

Tuesday, September 11, 2012

Wrentham Day 2012 Winners

Wrentham Day 2012 was a great day and Northeast Financial Strategies Inc was excited to take part!

In addition to meeting lots of new people and seeing our old friends, we gave out hundreds of Wrentham T-Shirts, put temporary tattoos on kids of all ages and had a FREE Raffle for some great prizes from lots of local businesses! We thank them all for their support and generosity!!

Here is the listing of the raffle winners:

Thursday, September 6, 2012

Back-to-School Tips for Students and Parents Paying College Expenses



Whether you’re a recent high school graduate going to college for the first time or a returning student, it will soon be time to head to campus, and payment deadlines for tuition and other fees are not far behind.
The IRS offers some tips about education tax benefits that can help offset some college costs for students and parents. Typically, these benefits apply to you, your spouse or a dependent for whom you claim an exemption on your tax return. 
  • American Opportunity Credit. This credit, originally created under the American Recovery and Reinvestment Act, is still available for 2012. The credit can be up to $2,500 per eligible student and is available for the first four years of post secondary education at an eligible institution. Forty percent of this credit is refundable, which means that you may be able to receive up to $1,000, even if you don't owe any taxes. Qualified expenses include tuition and fees, course related books, supplies and equipment.

Tuesday, September 4, 2012

Upcoming NFS Events

All Events are FREE!!!

First Time Homebuyer Seminar
HarborOne U, Mansfield MA
Thursday, September 6th, 2012
6:00 pm to 9:00 pm

Make a well-informed decision when you buy your first home. This seminar provides you the opportunity to get answers to your many questions from the professionals involved in the home buying process. Professionals include Mortgage Originator, Buyers Agent & Realtor, Real Estate Attorney, Insurance Agent, Tax Advisor and Home Inspector. A light dinner will be served.

Why now is the best time to buy life insurance


The sluggish economy continues to put financial strain on many of us. So it just makes sense to examine our budgets and look for ways to trim the fat from our monthly expenses and put more into savings, if possible.

That’s a great way to help stabilize your finances, but it’s also important that you have a financial safety net in place in case something were to happen to you. Life insurance is one of the few guarantees your family could rely on to maintain their quality of life if you were no longer there to provide for them.