Mars Hill Our Mission Contact Us:
Rarely used benefit
Phone: 828-484-4203
Our mission at
PO Box 2293 • Weaverville, NC 28787
Fax: 828-484-4204
The Weaverville Tribune
Volume 7, Issue 31
Advertising: 828-712-6117
is to deliver fair and accu-
Pat Starnes 828-273-7672
rate articles on the people,
The Weaverville Tribune is a publication of
to be discussed
Tribune Papers in association with Mountain
places, and events in North
editor@weavervilletribune.
Sentinel, Inc.
Buncombe. We hope to help
Publisher & Sr.Editor Clint Parker
com
further a sense of commu- Editor Matt Tate
www.weavervilletribune.com
nity and understanding for
Graphic Design Bob Leary
On Feb. 23, a special informa- the above mentioned healthcare
the residents of the area..
Patrick Braswell & Steve Jencks
Mail: P.O. Box 2293 Weaver-
tion meeting will be held at Mars cost.”
Advertising Pat Starnes
ville, NC 28787
Hill Retirement Community, ex- The benefit has been around
The Weaverville Tribune is published weekly by The Asheville Tribune and Mountain Sentinel, Inc. at 40 N. Merrimon Avenue, Suite
posing a rarely used pension ben- since 1952, but the veterans and
308, Asheville, NC 28804. It can be picked up at 40 N. Merrimon Avenue and many other locations throughout Buncombe County.
efit available to veterans of World widows who know about it are Periodical postage USPS permit No.023736 at the Weaverville, NC Post Office. POSTMASTER send address changes to The Weaverville
War II, Korea, Vietnam, the Per- very few and far between.
Tribune, PO Box 2293, Weaverville, NC 28787. Subscription price $24.99 a year in Buncombe County, $25.99 a year outside
Buncombe County, $26.99 a year outside North Carolina.
sian Gulf and their widows. “Most veterans think of a pen-
The meeting is scheduled to take sion as a retirement pension, but
place from 6:30 until 7:30 pm and this can be used anytime if you
Financial Focus
will be held by Bob Carlson, a vet- qualify,” said Carlson.
eran and financial consultant. Qualifiers include one day of
“It’s a little known pension for serving time during times of con-
veterans and their widows,” said flict, disability or veterans older
Carlson. “They can apply it to than 65.
Financial gifts for
health care cost, such as assisted The range of the benefit is up to
living facilities, long term care, $23,396. per year, which is also tax
home health care and things like free.
that” For more information, call 828-
Carlson said the pension is based 689-7970.
on the veteran’s current income
and net worth, after subtracting This special to the Tribune. your Valentine
Valentine’s Day is fast approach- interest payments. Furthermore, age 50, although these limits may
Thunder Hawks reschedule fundraiser
ing, so you’d better get going with if you give a municipal bond, you be increased if they’re indexed for
the flowers and chocolates for your may also be supporting a local in- inflation.)
Area youth wrestling group WNC Thunder Hawks rescheduled its
sweetie. But this year, why not go frastructure project, such as the • Make a charitable gift in your
spaghetti fundraiser from Feb. 13 to Feb. 27. Tickets are $8 and the
beyond the traditional gifts and construction or improvement of a valentine’s name. Charitable orga-
event will be held at St. Matthews Anglican Church on Reems Creek
give a present that can make a dif- hospital or school, that can ben- nizations need financial assistance
Road. For more information, call 712-0389.
ference in your loved one’s life for efit the community in which your more than ever. Consider making
years to come? Specifically, why valentine lives. And the interest a gift to a charity that’s important
not give a financial gift? payments on a tax-free “muni” are to your valentine. You’ll be sup-
New phone number
Of course, you could always put exempt from federal taxes and may porting a worthy cause, and as an
some cash or a check in a card, also be exempt from state and lo- added bonus, you may receive a tax
but with a little creativity, you can cal taxes. (Municipal bonds may be deduction yourself.
The Weaverville Tribune office has a new temporary phone number. We
make a financial gift that has a lon- subject to the alternative minimum • Issue a “Get Out of Debt” card.
can be reached at 484-4203 and our fax number is 484-4204. We are still
ger-lasting and more profound im- tax.) You probably can’t take all your
working to regain our previous phone numbers, but in the meantime, we
pact. Here are a few suggestions: • Help fund an IRA. If your val- valentine’s debts, but you may want
can be reached at the above numbers. Thank you so much for your pa-
• Give stocks. You will almost entine has an IRA, he or she has to give a card stating you’ll handle
tience during this transition.
certainly surprise someone by giv- chosen a good vehicle in which to one car payment or a monthly
ing a gift of stock, perhaps rep- save for retirement. A traditional credit card bill. The lower your val-
resenting a company that makes IRA’s earnings grow tax deferred, entine’s debt load, the more he or
weaverville
products or services favored by the while a Roth IRA’s earnings can she can invest for the future.
recipient. If you’re giving shares of grow tax free. (However, distri- By taking any of these steps, you
stock that you own, you can give butions from a Roth IRA may be can help make Valentine’s Day
up to a value of $13,000 per year subject to taxes and a 10 percent even more meaningful for your
without incurring gift taxes. Since penalty if the account is less than loved one — and your gift will be
Subscription
the recipient will be liable for in- five years old and the account hold- remembered long after the holiday
come taxes if he or she eventually er is under age 59½.) While you is over.
sells the stock for a gain, you will can’t make a direct contribution to
$24
.99
need to provide the recipient with someone else’s IRA, you can write a This article was written by Ed-
in Buncombe County the stock’s “cost basis” — the check for that purpose. And it will ward Jones for use by Bill Bough-
amount you paid for the stock. likely be appreciated, because many ton, Weaverville’s local Edward
$25
.99
outside Buncombe County
• Give bonds. Some people may people have trouble fully funding Jones Financial Advisor. Edward
not think of bonds as particularly their IRAs each year. (In 2010, the Jones, its employees and Finan-
$26
.99
outside North Carolina
exciting investments, but they have IRA contribution limit is $5,000, cial Advisors do not offer tax or
much to offer — including regular or $6,000 if the IRA owner is over legal advice.
for one-year subscription
Less than 50
¢
an issue delivered
CONTACT US BY:
Name __________________________________________
Address _____________________________________
Phone or Fax Letter E-mail
City ___________ State __________Zip___________
Phone ______________________________________
Method of payment:
Phone 484-4203 or PO BOX 2293
editor@
Check ______ Money Order ______
712-6117 Weaverville, NC
weavervilletribune
PO Box 2293 Weaverville, NC 28787 Fax 484-4204 28787
.com
4 THE TRIBUNE - February 11 - February 17, 2010
www.weavervilletribune.com
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