Income Tax Reduction & Estate Tax Elimination In-Person Presentation

Income Tax Reduction & Estate Tax Elimination In-Person Presentation

 Income Tax Reduction & Estate Tax Elimination Presentation

Please join us on Tuesday October 25th 2pm, for a live presentation at Orchard View by the Mississippi Retirement Community.

DATE: Tuesday, Oct. 25 2022
Welcome & Registration Time: 2 p.m.
Presentation: 2:30 p.m.

Orchard View by the Mississippi Retirement Community
219 Paterson St, Almonte, ON K0A 1A0

Seats are COMPLIMENTARY but limited.
Contact Sophie Prescott to secure your seat today!
(613) 256-2500 ext. 2296 or
email your response sprescott@agh-fvm.com

AGH Run/Walk for Women’s Health funds fetal monitors for birthing centre

AGH Run/Walk for Women’s Health funds fetal monitors for birthing centre

Families giving birth at the Almonte General Hospital are now benefiting from three new Fetal Heart Monitors thanks in part to funding from the annual Run/Walk event held each fall.  The three state-of-the-art units combine the abilities to monitor and trace the heart rates of both baby and mother, record the information which can then be shared with the delivery team, and offer several other options for gathering real time information when necessary. The monitors cost $48,000.

All of the funds used to purchase this new equipment were provided to the Hospital by the AGH FVM Foundation.  Several large donations were received towards them and monies collected from the AGH Run/Walk for Women’s Health held last September was also used.

“Most people are still surprised to learn that although the operation of the Hospital is funded by the Ontario government, money is not provided to purchase replacement or new equipment,” said Julie Munro, chair of the Hospital’s annual Run/Walk for Women’s Health. “That’s why we need community members to get involved in our annual fundraiser.”

The 2022 AGH Run/Walk presented by Canadian Tire (Carleton Place) will take place Sept. 3-10.  Routes include 3km, 5km, and 10km distances, with timing for competitive participants. Runners and walker can participate virtually during the week or come out on event day, Saturday, Sept. 10.  The start and finish line will be behind the Hospital.  Activities get underway at 8 a.m. and wrap up at noon. Post and pre-event activities include breakfast, musical warm up and post event food, music and awards for best times and most funds raised individually and as a team.

In honour of the Birthing Unit, families are encouraged to participate, particularly as a team.  Children’s activities including a multi-general relay race will also take place.

Go to www.almontehospitalfoundation.com to find information on registering, sponsoring and/or volunteering. Register before Aug. 1 to save on registration fees.

Estate Planning: Putting Together the Pieces of the Puzzle

Estate Planning: Putting Together the Pieces of the Puzzle

3 Pillars of Gift Giving

When it comes to goals, most people want to pay as little tax as possible at their deaths and therefore maximize the amount that will get paid out to their families. This takes us to one very big and misunderstood fallacy – the erroneous belief you have to choose between your family and supporting your favourite charity, which couldn’t be farther from the actual truth.

The reality is that there are many different ways you can do both. As a result of integrating some plans for charitable gifts, you might even enhance or increase the benefits to your family by saving money in taxes and via the charitable tax receipt.

Estate Planning is a critical component of your Financial Plan. All the pieces of the puzzle need to fit together, creating a picture that makes sense and gives you clear, concise information about how each piece works together. If you would like to learn more, I invite you to read my newest blog article, Estate Planning: Putting Together The Pieces of the Puzzle, where I discuss tax planning, wills, powers of attorney, and probate! 

Till next time,
Betty-Anne Howard / Athena Wealth and Legacy Solutions

 

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The 3 Pillars of Gift Giving to our Communities: Prepare, Plan and Prosper

The 3 Pillars of Gift Giving to our Communities: Prepare, Plan and Prosper

3 Pillars of Gift Giving

Most people wonder about how best to support their favorite charities and want to better understand the processes involved to have an impact while reducing their income and estate taxes. Let’s look at the 3 pillars which are; Prepare, Plan and Prosper. 

Prepare: In many instances, you can leave more to your family when you die when using strategies that incorporate gifts to your favorite charity. Did you know that?  Most of us don’t, which is why Almonte Hospital Foundation has been providing donors and supporters access to webinars on this popular topic of how to reduce income taxes and eliminate estate taxes while ensuring you and your family are well taken care of. Our next event will be in person in the Autumn of 2022 to be held at the Orchard view Retirement Home, please let us know if you’d like to receive an invitation to attend this hugely popular event.

Plan: Most of us want to know – do we have enough saved and invested to see us through our lifetime? Great question, and that’s where a comprehensive financial plan can help answer that question along with projecting what your tax liability will be at your death. You can then determine how much and in what way to incorporate charitable giving into your overall retirement and estate plans. 

Prosper: Did you know that when we give gifts to others we release a “feel good” hormone into our brains that makes us happy? In addition, what we’ve found is that the majority of people want to live long and happy lives as well as making a difference in the world, our communities and the lives of others. Getting involved with your favorite charity, identifying the needs of your community coupled with the extreme sense of well-being that comes along with doing this, helps us all to prosper.

Till next time,
Betty-Anne Howard, Athena Wealth and Legacy Solutions

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Good To Know – Financial Life Planning Tips from Betty-Anne Howard, Athena Wealth and Legacy Planning

Good To Know – Financial Life Planning Tips from Betty-Anne Howard, Athena Wealth and Legacy Planning

Our fight or flight response is automatic and part of our amygdala, that part of our brain that dates back centuries and was meant to protect us from saber tooth tigers. Given our evolution you’d think that that part of our brains would no longer be active however, it’s still very active and that’s a good thing, in many situations! 

For example, if we find ourselves in a burning building or if our senses tell us someone is getting too close for comfort, our brains alert us to take action, to run or defend ourselves.  

But thinking about or discussing the topic of money can sometimes elicit a similar response. It could be that the perceived threat that creates our fear or anxiety is being triggered because we’ve avoided addressing our money situation, or what we’re doing with our money and how we’re intending to take care of our needs in the future. 

What we’ve also found is this; people’s fears are often much greater than what is warranted. In fact, fear and anxiety interfere with our ability to think things through in order to obtain a clear picture of what is.  

We need to be aware of these emotions and find ways to constructively deal with them to recognize that we do have a relationship with money that is unique to each of us.

We want to encourage you to find ways to approach money as your dance partner (not the saber tooth tiger!) and recognize that any dance we learn with a partner starts off rather tentative and awkward. In time, the more we engage and practice the steps based on whatever dance we want to learn, we can improve and enjoy the experience. 

Till next time

Betty-Anne Howard / Athena Wealth and Legacy Solutions

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