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CrossFit Event to Benefit Hope House Shelter

CrossFit Event to Benefit Hope House Shelter

CrossFit Nickel City (CFNC), 247 Virginia St., Buffalo, is hosting an in-house individual CrossFit competition at 10 a.m. Saturday, July 16, with a portion of the proceeds to benefit Hope House Shelter for Women & Children.

The Matt Urban Hope Center is a community-focused agency based on the East Side of Buffalo. Its mission is to revitalize neighborhoods, serve families and change lives by offering a full array of services and support to the community. This is accomplished through job training, housing assistance, financial planning and more. Each week over 300 people are assisted through the Center and over 250 families are served through the Hope House emergency shelter. Last year the organization helped 110 street homeless individuals secure housing and provided 88 permanent supportive housing units to the chronically homeless.

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Mid-Year 2016: An Investment Reality Check

Market volatility is alive and well in 2016. Low oil prices, China's slowing growth, the prospect of rising interest rates, the strong U.S. dollar, global conflicts--all of these factors have contributed to turbulent markets this year. Many investors may be tempted to review their portfolios only when the markets hit a rough patch, but careful planning is essential in all economic climates. So whether the markets are up or down, reviewing your portfolio with your financial professional can be an excellent way to keep your investments on track, and midway through the year is a good time for a reality check. Here are three questions to consider.

1. How are my investments doing?

Can I name a charity as beneficiary of my IRA?

Yes, you can name a charity as beneficiary of your IRA, but be sure to understand the advantages and disadvantages.

Generally, a spouse, child, or other individual you designate as beneficiary of a traditional IRA must pay federal income tax on any distribution received from the IRA after your death. By contrast, if you name a charity as beneficiary, the charity will not have to pay any income tax on distributions from the IRA after your death (provided that the charity qualifies as a tax-exempt charitable organization under federal law), a significant tax advantage.

No Frills Buffalo Publishing Company Launches New Website

No Frills Buffalo Publishing Company Launches New Website

No Frills Buffalo publishing company has launched a new website — www.nfbpublishing.com — after its previous website was lost due to a technical failure experienced by the website’s former host.

“Due to a massive failure of the No Frills Buffalo website hosting company, nofrillsbuffalo.com is now nfbpublishing.com,” said the Buffalo-based publishing company’s owner, Mark Pogodzinski. “All literary submissions and contact should now be conducted through the new website. Emails can also be sent to mark@nfbpublishing.com.

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Exit 2 Bar & Grille Gearing Up for a Great Summer

Exit 2 Bar & Grille Gearing Up for a Great Summer

Exit 2 Bar & Grille in Tonawanda will be the place to be during the summer months, with new menu items, a new patio and a golf tournament among the recently announced highlights.

Guests who enjoy outdoor dining will love Exit 2’s brand new patio, with interactive games such as Jenga and a bean bag toss adding to an already fun and entertaining atmosphere. Executive Chef Christopher Schork has been busy creating a new summer menu that rolls out on June 20 featuring several fresh seafood offerings, including fresh clams every Monday and Thursday night, and lighter fare. Guests who stop by for “Super Saturday” will enjoy drink and $2 jumbo hot dog specials at the bar or on the patio from 11:30 a.m. to 3 p.m. 

Limited-edition Jack Eichel-autographed Hat to be Raffled off by Bases Loaded Sports Collectibles

Limited-edition Jack Eichel-autographed Hat to be Raffled off by Bases Loaded Sports Collectibles

One of four signed and numbered 2015 NHL Draft hats autographed by Buffalo Sabres star center Jack Eichel will be raffled off by Bases Loaded Sports Collectibles on Monday, June 27, following the 2016 NHL Draft held in Buffalo.

This limited-edition NHL Draft hat is one of only four signed by Eichel and is numbered 4/4. The hat comes with a certificate of authenticity from the Upper Deck company. Eichel was the second overall selection in the 2015 draft which was held in Sunrise, Fla.

Can I make charitable contributions from my IRA in 2016?

Yes, if you qualify. The law authorizing qualified charitable distributions, or QCDs, has recently been made permanent by the Protecting Americans from Tax Hikes (PATH) Act of 2015.

You simply instruct your IRA trustee to make a distribution directly from your IRA (other than a SEP or SIMPLE) to a qualified charity. You must be 70½ or older, and the distribution must be one that would otherwise be taxable to you. You can exclude up to $100,000 of QCDs from your gross income in 2016. And if you file a joint return, your spouse (if 70½ or older) can exclude an additional $100,000 of QCDs. But you can't also deduct these QCDs as a charitable contribution on your federal income tax return--that would be double dipping.