by NFS | Sep 11, 2012 | Archives
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:
FREE Income Tax Preparation from NFS
Jessica Sullivan of Wrentham
$50 Gift Certificate to Cafe Assisi
Steve LeBlanc of Wrentham
$50 Gift Certificate to Commonwealth BBQ
Kerri Lyons of Attleboro
30 Minute Massage or Reiki at Be Well Therapeutics
Kevin Fitzgerald of Wrentham
2 Tickets to KP Boosters VS New England Patriots Basketball Game
Barry Chaves of Sheldonville
$25 Gift Certificate to Village Ski & Snowboard
Tom Leveroni of Wrentham
Free Oil Change at Bill’s Automotive
Jennifer Burke of Wrentham
Erin Mahoney of Wrentham
Craig Wood of Wrentham
$25 Gift Certificate & T-Shirt to The Music Box
Heather Johnson of Wrentham
1 Hour Private Yoga Lesson from VirabhadraYoga.com
Danielle Pollard of Wrentham
$50 Gift Certificate to Keith Mueller Photography
Maureen Joyce of Wrentham
Framed Artwork from The Preservation Framer
Laura Whittier of North Attleboro
Eileen Moore of Wrentham
$25 Gift Certificate & T-Shirt to Dance & Beyond
Ann Regan of Franklin
All of the photos below are compliments of our friend Pat Coleman of WrenthamTimes.com – THANKS PAT!!
by NFS | Sep 6, 2012 | Archives
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.
- Lifetime Learning Credit. In 2012, you may be able to claim a Lifetime Learning Credit of up to $2,000 for qualified education expenses paid for a student enrolled in eligible educational institutions. There is no limit on the number of years you can claim the Lifetime Learning Credit for an eligible student.
You can claim only one type of education credit per student in the same tax year. However, if you pay college expenses for more than one student in the same year, you can choose to take credits on a per-student, per-year basis. For example, you can claim the American Opportunity Credit for one student and the Lifetime Learning Credit for the other student.
- Student loan interest deduction. Generally, personal interest you pay, other than certain mortgage interest, is not deductible. However, you may be able to deduct interest paid on a qualified student loan during the year. It can reduce the amount of your income subject to tax by up to $2,500, even if you don’t itemize deductions.
These education benefits are subject to income limitations, and may be reduced or eliminated depending on your income. For more information, visit the Tax Benefits for Education Information Center at IRS.gov or check out Publication 970, Tax Benefits for Education, which can be downloaded at IRS.gov or ordered by calling 800-TAX-FORM
(800-829-3676)
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by NFS | Sep 4, 2012 | Archives
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.
Register today as seating is limited.
Wrentham Day – Community Fun
Wrentham Town Common
Saturday, September 8th, 2012
9:00 am to 4:00 pm
Join NFS as we take part in Wrentham Day – the town’s community day on the common!
Stop by our tent and get….
FREE Wrentham T-Shirts
FREE Temporary Tattoos for the Kids
FREE Raffle for all (Massage, Photography, Auto Maintenance, Restaurants, Taxes, and more!!)
FREE FUN!!!
 |
| NFS @ Wrentham Day 2011 |
Medicare – Healthcare Options for Retirees
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.
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Medicare – Healthcare Options for Retirees
HarborOne U, Mansfield MA
Thursday, November 1st, 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.
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First Time Homebuyer Seminar
HarborOne U, Mansfield MA
Thursday, November 1st, 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.
Register today as seating is limited.
by NFS | Sep 4, 2012 | Archives
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.
There are 95 million adult Americans without life insurance, according to LIMRA, an insurance industry research group. The fact is, the vast majority of Americans need life insurance and, sadly, most people either have none or not enough. If someone depends on you financially, you need life insurance. It’s that simple.
September is Life Insurance Awareness Month, making it the perfect time to take stock of your life insurance needs. And there are three additional reasons why now is the best time to look into getting life insurance.
You’ll never be younger than you are now. While that may sound obvious, youth is on your side when it comes to life insurance. It makes good financial sense to get coverage when you’re young and healthy, as premiums are based on your age and health. For most policies, your premiums will be locked in at that rate over the life of the policy, and can’t be raised due to a change in your health status.
It’s affordable, with rates near historic lows. People overestimate the cost of life insurance by nearly three times, according to a recent study conducted by LIMRA and the LIFE Foundation, a nonprofit insurance education organization. In fact, life insurance rates remain near historic lows; the cost of basic term life insurance has fallen by nearly 50 percent over the past decade. For example, a healthy 30-year-old can buy a 20-year, $250,000 level-term policy for about $13 per month.
Life happens. One day life is going along smoothly, and the next, you’re thrown a curve ball. No one knows what the future holds. None of us expect to die prematurely, but the truth is roughly 600,000 people die each year in the prime of their lives. That’s why today is always the best day to take care of your life insurance needs.
Life Insurance Awareness Month is the ideal time for a life insurance review. I urge everyone to take a few minutes out of their busy schedules to make sure they have adequate life insurance protection.
Consumers can get a general sense of their life insurance needs by going to www.lifehappens.org/lifecalculator and using the online calculator offered by the LIFE Foundation. The next step should be to contact a local insurance professional, who can conduct a more comprehensive needs analysis and help you find the right products to fit your specific needs and budget.
Held each September, Life Insurance Awareness Month is an industry-wide effort that is coordinated by the nonprofit LIFE Foundation. The campaign was created in response to growing concern about the large number of Americans who lack adequate life insurance protection. Roughly 95 million adult Americans have no life insurance, and most with coverage have less than most insurance experts recommend. For more information on life insurance, visit LIFE’s website at www.lifehappens.org.
Call us at 800-560-4637 and we can help you through the entire life insurance process!
by NFS | Aug 13, 2012 | Archives
If the sweltering dog days of summer aren’t incentive enough to get out of the sun for awhile, the IRS suggests another reason to head indoors: organizing your tax records. Devoting some time mid-year to putting your tax-related documents in order may not only keep you out of the sun, but it should also make it easier for you to prepare your tax return when the filing season arrives.
Here are some things the IRS wants individuals and small business owners to know about recordkeeping.
- What to keep – Individuals. In most cases, keep records that support items on your tax return for at least three years after that tax return has been filed. Examples include bills, credit card and other receipts, invoices, mileage logs, canceled, imaged or substitute checks or other proof of payment and any other records to support deductions or credits claimed. You should typically keep records relating to property at least three years after you’ve sold or otherwise disposed of the property. Examples include a home purchase or improvement, stocks and other investments, Individual Retirement Account transactions and rental property records.
- What to keep – Small Business Owners. Typically, keep all your employment tax records for at least four years after the tax becomes due or is paid, whichever is later. Also, keep records documenting gross receipts, proof of purchases, expenses and assets. Examples include cash register tapes, bank deposit slips, receipt books, purchase and sales invoices, credit card charges and sales slips, Forms 1099-MISC, canceled checks, account statements, petty cash slips and real estate closing statements. Electronic records can include databases, saved files, e-mails, instant messages, faxes and voice messages.
- How to keep them – Although the IRS generally does not require you to keep your records in any special manner, having a designated place for tax documents and receipts is a good idea. It will make preparing your return easier, and it may also remind you of relevant transactions. Good record keeping will also help you prepare a response if you receive an IRS notice or need to substantiate items on your return if you are selected for an audit.
To help you jump start your organizing, you can download the NFS Income Tax Organizer
here.
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