BY DAVE BARTRUFF
Doing income taxes this year for the AARP TaxAide program, I had the opportunity to talk to Panorama residents who were dealing for the first time with having to begin making withdrawals from their IRA accounts due to the Required Minimum Distribution (RMD) laws that kick in at age 70½. Many were shocked by the amount of additional income taxes that had to be paid on these distributions and some wondered what they could do to minimize the additional income taxes.
Sadly, the RMD laws can’t be avoided. They are the last phase of the “pay me now or pay me later” choice that was given to everyone back in the 70’s when traditional IRA’s were created with the promise of being able to avoid income tax on contributions and their growth until they were withdrawn. Continue reading “Qualified Charitable Deductions”
BY GAIL MADDEN
February 9th, 2017
The Benevolent Fund Board wants you to mark 3:00– 5:00 p.m. on the afternoon of February 9th on your calendar and come to the Annual Fund Drive Kick-off Silent Auction. This year the theme is Mardi Gras Masquerade. Please join us for a glass of wine, appetizers and a 50/50 raffle as well as a silent auction of goodies, services, and treasures you can bid on through the afternoon. And don’t forget to wear a Mardi Gras masque and perhaps win a prize. What about a sailboat ride or a catered picnic, movie tickets, some cookies, or a spring garden basket? Individual items as well as small and large baskets of items will be up for auction. The 50/50 Raffle is a chance to buy a ticket where one winner will split the proceeds of the raffle with the Benevolent Fund––certainly that’s worth a chance or two. Continue reading “Mardi Gras Masquerade Madness Gala and Silent Auction 2017”