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Saving or Investing: Is There a Difference?

The terms "saving" and "investing" may be used interchangeably, but understanding how they are different may help you in working toward financial goals for you and your family.

Financially speaking, the terms "saving" and "investing" are often used interchangeably. But the concepts behind these terms actually have some important differences. Understanding these differences and taking advantage of them may help you in working toward financial goals for you and your family.

Small Employers Should Check Out the Health Care Tax Credit

 

New and existing small employers who do not yet benefit from the Small Business Health Care Tax Credit should look into whether the credit can help them provide insurance to their employees.

For tax years beginning in 2014 and after, the maximum credit is 50 percent of premiums paid for small business employers, and 35 percent of premiums paid for tax-exempt small employers, such as charities.

Beginning in 2014, a small employer may qualify for the credit if:

East Aurora Native Launches New Lifestyle Website for Men

East Aurora Native Launches New Lifestyle Website for Men

 

Steven Helmicki, an anti-concussion advocate and president of Primordial Strength Inc., a private gym located in Elma, announces the launch of his latest project, a lifestyle website for men — primordialman.com.  

Primordialman.com is an affiliate of Schott NYC, a premier USA-based manufacturer of leather goods. The website also features high-quality products such as Chanel Platinum, Omega Watches, Boston Whaler, Gustin Jeans and others.  

Rollover of After-Tax Dollars from 401(k) Plans

Background

Here's the dilemma. You have a traditional 401(k) that contains both after-tax and pre-tax dollars. You'd like to receive a distribution from the plan, convert only the after-tax dollars to a Roth IRA, and roll the pre-tax dollars into a traditional IRA. (By rolling over/converting only the after-tax dollars to a Roth IRA, you avoid paying any income tax on the conversion.)

For example, let's say your 401(k) plan account balance is $10,000, consisting of $8,000 of pre-tax dollars and $2,000 of after-tax dollars. Can you simply request a total distribution of $10,000, instructing the trustee to directly roll the $8,000 of pre-tax dollars to a traditional IRA and the remaining $2,000 of after-tax dollars to a Roth IRA?

Historic Hoover House Adopted by Erie and Niagara Insurance Association

Historic Hoover House Adopted by Erie and Niagara Insurance Association

 

Buffalo Niagara Heritage Village (BNHV) is proud to announce the adoption of its historic George W. Hoover House by Erie and Niagara Insurance Association. The adoption is part of BNHV’s new Adopt-a-House Program. The program offers local organizations, businesses and corporations the opportunity to sponsor a house for a five-year period. 

Wills: The Cornerstone of Your Estate Plan

If you care about what happens to your money, home, and other property after you die, you need to do some estate planning. There are many tools you can use to achieve your estate planning goals, but a will is probably the most vital. Even if you're young or your estate is modest, you should always have a legally valid and up-to-date will. This is especially important if you have minor children because, in many states, your will is the only legal way you can name a guardian for them. Although a will doesn't have to be drafted by an attorney to be valid, seeking an attorney's help can ensure that your will accomplishes what you intend.

Wills avoid intestacy

Enhanced Ebola Screening to Commence in U.S. Airports

Enhanced Ebola Screening to Commence in U.S. Airports

 

On Oct. 11, 2014, the Centers for Disease Control and Prevention (CDC) and the Department of Homeland Security’s Customs & Border Protection (CBP) commenced screening for the Ebola virus at select U.S. airports. Starting with New York’s JFK Airport, all travelers from Guinea, Liberia and Sierra Leone will now undergo enhanced entry screening in an effort to detect overt signs of the deadly illness. This week, Washington-Dulles, Newark, Chicago O-Hare and Atlanta International airports will follow suit. These five airports receive over 94 percent of travelers from the Ebola-affected nations.