DOES IT PAY TO BE UPFRONT?


by Michael Creasman, CFP


instance, a traditional Individual Retirement Account (IRA) provides an upfront tax deduction while all funds withdrawn in retirement are taxed at the IRA holder’s ordinary income tax rate. On the other hand, Roth IRAs defy this convention by foregoing the upfront tax break. All withdrawals from Roth IRAs and Roth 401(k) plans can be withdrawn tax-free, which could prove to be ad- vantageous in the event that future income tax rates rise. Tose consid- ering contributing to a Roth account must have income below $120,000 ($177,000 if married) in 2010. Tere are no income-eligibility limits to contribute to a Roth 401(k). HINT: Anyone can now convert


a traditional IRA to a Roth IRA re- gardless of income as long as he or she pays the taxes owed on the entire amount. Investing money in an IRA helps


Conventional ta x-planning wisdom holds that it is bet- ter to defer a tax bill. For


Weaverville Carpenter’s Heart caps off successful first year


you save for your retirement years and can provide a deduction on your tax return. At CREASMAN 401(k) PLAN ADVISOR, INC., we have served clients in the greater Asheville area since 1978 with pro- fessionalism and integrity. Our ser- vices include financial, retirement, and estate planning. Our balanced portfolios consist of a mix of IRAs, stocks, bonds, and mutual funds. Most importantly, we routinely re- view your financial plan and make adjustments if needed. Please call us at 828-253-7231 to schedule a con- sultation. We are located at 1328F Patton Ave. Best wishes for a happy holiday season! www.creasmanfp.com


The Carpenter’s Heart is spreading out to Central America. Christmas came early for a young


ministry based out of Weaverville this year. On Nov 30, the Carpen- ter’s Heart purchased a beautiful five-acre piece of land in San Fran- cisco De Yajoa, Honduras. Eight months of prayer and more than $17,000 in fundraising paid off with the signing of a deed in a small city hall in Honduras. Tis property will be used as


a light into lives of the people of Honduras. It will serve not only as


Holiday warmth from J.F. Robinson


Ashley Wood Stoves too


75 Roy Edwards Lane • Mars Hill, NC 28754 (828) 689-4323


• Shopping convenience for all your home improvement needs


• Services and experienced assistants for do-it-yourselfers


• Ace - a trusted name for more than 80 years


• Locally owned and operated


a home to the fatherless but a place of refuge for the weak. Te land is such a lush green fer-


tile piece of soil. A place of grow- ing and of crops, filled with mango, lemon and banana trees. However the most precious crop is the people who surround it. It capped off a successful first


year for the ministry. In April 2010 the only thing the


ministry had was $125 and a bur- den to share Christ with the world. Because some members of the min- istry had built a house in worship in the San Francisco De Yajoa area, the Carpenter’s Heart knew of the


need in the area. In late April three team members took a trip to look for property. Te Carpenter’s Heart purchased one acre and held an agreement to pay off the other por- tion by Dec 30. To raise the additional funds,


members became busy with car- washes, a night at Fun Depot, sell- ing lots of cotton candy and funnel cakes, a spaghetti dinner, pancake breakfast at Fatz, softball tourna- ment and a barbecue, just to name a few. Te last two events of the year, a


5K sponsored by Trinity of Fairview and a barbecue pushed the group


over its goal. Te Carpenter’s Heart thanked all the individuals and businesses for their support. Te Carpenter’s Heart will re-


turn to Honduras in April, so more fundraising events are planned in the coming months, including an event from 5 pm to 8 pm on Jan. 14 at the Fun Depot in Asheville, and a breakfast on Feb. 5 at Fatz in Enka. For more information, call Andy


Plemmons at 775-6646, go to car- pentersheart.org or on Facebook by searching Carpenters Heart.


Tis special to the Tribune.


6 THE TRIBUNE/LEADER - December 16 - December 22, 2010


www.weavervilletribune.com


Store Hours


Mon-Fri. 8am - 8pm Sat. 8am - 6pm Sun. 10am - 6pm


J.F. Robinson Leather by Lane


Page 1  |  Page 2  |  Page 3  |  Page 4  |  Page 5  |  Page 6  |  Page 7  |  Page 8  |  Page 9  |  Page 10  |  Page 11  |  Page 12  |  Page 13  |  Page 14  |  Page 15  |  Page 16  |  Page 17  |  Page 18  |  Page 19  |  Page 20  |  Page 21  |  Page 22  |  Page 23  |  Page 24  |  Page 25  |  Page 26  |  Page 27  |  Page 28