THE LOREM IPSUMS
W I N T E R
WINTER 2012
2 0 1 3
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Fayetteville,
NY 13066
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www.hansensadvisory.com
Securities offered through Cadaret, Grant & Co., Inc. Member FINRA, SIPC ~ Hansen’s Advisory Services and Cadaret, Grant are separate entities.
Gifting Words
Giving can take so many
forms. What we would like to
give to you this season are alliterative thoughts to carry you
through the holiday weeks!
Tax Update
There were several changes to
the tax rules and provisions in
2013. The American Taxpayer
Relief Act (ATRA), passed in
January of 2013, extended many
of the tax rates and provisions that
were in effect previously. It did
include some changes: notably,
the creation of a 39.6% tax bracket
for high income taxpayers. This
bracket applies to income in excess
of $450,000 for joint returns,
$425,000 for head of house hold,
and $400,000 for individual taxpayers. Although the 15% capital
gains rate was maintained, a 20%
capital gains bracket was created
for taxpayers at the same high income levels.
The Affordable Care Act (ACA)
provided for an additional Medicare tax of .9% for incomes in excess of $200,000 for individuals or
$250,000 for joint return filers.
Continued on page 2
May you be grateful each day for
your accomplishments or actions.
May you have grandiose plans
to be generous with your
knowledge and be genuinely
willing to generate geniality
and garnish your goals with
gems of wisdom while galvanizing others to action.
May you inculcate the
idea of investing
money for yourself or
others regularly and
consistently in increments through the
year. May this insistence to do so become an integral and invigorating part of
your life while impacting ideas
for further inspirations!
May you have the
foresight to feast on
financial facts that
foster a flourishing
future for you, your
friends and your fam-
ily. May your focused words
flow fluently and fund a forthcoming fortune as you find
freedom in the frivolity of life.
May you triple your
total treasure as you
tenaciously target
each dollar for a specific theme of your savings routine. May you tap your talents
so you thrive in the theater of
life with a twinkle in your eyes.
May the texture of each day
touch the creativity of your
tranquil soul.
As a stream meanders sedulously
through its surroundings, may
you stroll by local
stores seeking splendid holiday
offerings that convey the synergy that special gifts express to
others. Like the soothing water
that flows salubriously within
our environs, may you spread
your sense of health for our
world sentiently to those
you love.
Be kind whenever possible.
It is always possible.
~ Dalai Lama
Tax
Update,
cont’dIPSUMS
:
THE
LOREM
The ACA also created a
Medicare tax of 3.8% on
net investment income for
taxpayers at those income
levels. This act also raised
the threshold for deducting medical expenses from
7.5% of AGI to 10% for
taxpayers except those
over 65. ACA also capped
flexible savings accounts
at $2,500.
When the Supreme
Court ruled that the Defense of Marriage Act
(DOMA) was unconstitutional, the IRS ruled that
same sex couples who are
legally married will be
treated as married for federal tax purposes. This is
mandatory going forward
and prior open returns can
be amended.
As a reminder, the annual gift exclusion
amount is $14,000. The
business mileage reimbursement rate is 56.5
cents per mile. The contribution limit for Individual Retirement Accounts
(IRA) is $5,500 or $6,500
for taxpayers over 50.
This limit applies to traditional and Roth IRA accounts; contributions can
be made to either or both,
only up to the limit. Contributions may be made
until April 15th, but please
allow time for processing.
We make a living by
what we get. We make
a life by what we give.
Winston Churchill
WINTER 2012
Passing It On—Giving the Gift of Giving
If you’re still deciding what to give someone on your holiday list –consider making it
a gift that they can give to a meaningful cause. Here are some ideas we came across:
Know someone who has a favorite US region they’d like to help protect? Go to The
Nature Conservancy at http://adopt.nature.org/us/, and ‘adopt an acre’ in their
name. You can choose from threatened habitats across the US, and even pick the
‘exact’ acre if you choose critical need areas. They have worldwide adoption areas
also. Or try The Wilderness Society, at https://secure.wilderness.org/site/
Ecommerce?store_id=4201, to select an area of wild lands to help protect, from Maine
to Alaska.
Maybe your receiver would want to help animals during disasters, or protect farm
animals from abuse – try the Humane Society of the US at www.hsi.org/givingtuesday
for some unique ideas. If your ‘giver’ is concerned about the global warming affect on
polar bears, or grey wolf recovery in Yellowstone – check out National Wildlife Federation at https://www.shopnwf.org (click on “Adoption Center”). They’ll receive an
adoption certificate, information about the program and the animal, a poster, and a
stuffed animal to represent the donation.
Your gift could go to helping women survivors of war, through Women for Women
International, at http://www.womenforwomen.org/ and help someone overcome difficult circumstances.
Happy Giving!
Note: if you go to our website www.hansensadvisory.com, you can find an electronic version of
this newsletter with active links to the websites mentioned here.
In the spirit of
the holiday and
all that is local
celebration,
HAS
womaned a
HAS NEWS
table with our
brochures and
new video on November 25th titled
“Local Bash” at the MOST. It sure
was a celebratory event in which to
partake!
ally; Dividends may help generate
income.
The SRI conference energized our
thinking about methods of evaluating
sustainable corporations, and increased our knowledge of groups that
build economies and communities
through our investments. The organizers of the conference, First Affirmative Financial Network has an overall
theme for themselves and the conference; “Create a world where every
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