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

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

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!


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.

Mark was just 30 when he was killed in an auto accident less than a mile from his Bradenton, Fla., home. He was the passenger in a car that was broadsided by a driver who ran a red light. He died less than a week after celebrating his first wedding anniversary and just 19 days before the birth of his daughter, Madison Grace.

The life insurance has allowed Melissa to remain in the family home, take time off from her career so she can be a full-time mom, and put money into a college fund for Madison Grace.

The insurance has also given Melissa the opportunity to keep Mark’s spirit alive through two important causes. She formed the Mark Wandall Foundation to raise money for worthy causes in her community. She also is the driving force behind a citizens’ coalition pushing for a new state law, the Mark Wandall Traffic Safety Act, that would stiffen criminal penalties for red-light running. “Melissa is making a difference in the community and in the state of Florida,” says Joseph St. Onge, ChFC, a family friend who worked with Mark at John Hancock Financial Network.

Life insurance has provided Melissa with options that wouldn’t otherwise have been available to a young, single mother. “Without it, I don’t think I would have the time or the energy to put into the foundation and the coalition,” says Melissa. “It has allowed me to do these things and to be at home with my daughter.

If you want to provide something for your family, please contact our office.

-from lifehappens.org

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.