Archive for April, 2008

Over 95% of taxpayers will receive tax rebates from the Federal government. Some will spend it, some will save it, some will give it away.

Did you know that giving it away will yield a larger benefit than saving it? Here’s proof that by giving you can truly receive:

If a couple in the 25% tax bracket donates $1,200 in rebate funds, they could enjoy $300 in tax savings. A donor who saves the rebate might earn 3% on a certificate of deposit. It would take eight years or more to earn as much as the charitable deduction will save in the year of the gift.

So, invest in the Lord’s work, and always remember your local church first!

The fear of volatile markets and lower returns has many looking for secure streams of income. This has opened the door to millions of seniors being sold Equity-Indexed Annuities. Dateline NBC just aired a hidden-camera investigation that focused on how seniors across the nation are being taken advantage of by unscrupulous insurance agents.

Certified Financial Planner Jeffrey Voudrie has been warning against these products for several years. You can explore his articles on this subject here>>>

Village Missions markets Charitable Gift Annuities, which have some of the same benefits and drawbacks of commercial annuities. But we take an altogether different approach:

We will -
□ Explain the benefits and the drawbacks;
□ Encourage you to remember your local church first;
□ Always take your entire financial situation into account;
□ Not make a recommendation that is not in your best interest;
□ Never recommend that you put all of your savings in one place;
□ Always seek to involve your advisors – lawyers, accountants, adult children, etc.

If you would like to explore the options give us a call at 800-617-9905 x 112, or email us. Village Missions provides charitable tax planning information as an educational service to friends, and there is absolutely no cost or obligation.