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Show Page 5 September 11, 2008 GOT PHOTOS? Check out our new color photo printer and scanner. Now you can upload images from your cameras memory card and copy to a CD or DVD or print your photos in three sizes: 4X6, 5X7, and 8X10. To add a touch of class, choose from more than 25 formats including Birthday, Christmas, Wedding, Halloween and many others. If you have old family photos, slides or documents, you can scan and print them. The Photo Enhancement provision provides a quick and easy way to brighten, darken, color correct, red eye correction and contrast. You can also crop, enlarge, or reduce, print multiples and many other options. Need a passport photo? We can do these to specifications required according to industry standards. Give Smart Financial Gifts to Your Grandchildren Article Provided by Brandon Henrie, Financial Advisor for Edward Jones Investments. Sept. 7 was Grandparents Day. If you are a grandparent, you probably like to help out your grandchildren. But if you’re thinking of making a financial gift, take your time to explore the options. For example, suppose you want to help pay for your grandchildren’s college educations. You could open an investment account and designate it for college. But you will probably be better off by putting the money in a plan that is specifically designed for college. Here are two possibilities: (1)Section 529 savings plan — In a Section 529 savings plan, you put money in specific investments, managed by an investment professional. You can give $12,000 per year, without incurring gift taxes, to every grandchild. In fact, you can even combine five years’ worth of contributions and give $60,000 (or $120,000 if it comes from you and your spouse) to a Section 529 plan in a single year. (However, if you do bunch the contributions in this manner, you won’t be able to make another $12,000 gift to the same grandchild for the next five years.) All withdrawals from a Section 529 savings plan will be free from federal income taxes, as long as the money is used for the beneficiary’s qualified college or graduate school expenses. (Withdrawals for expenses other than qualified education expenditures may be subject to federal, state and penalty taxes.) Also, if you participate in your own state’s Section 529 savings plan, your contributions may be tax-deductible. Keep in mind, though, that a Section 529 savings plan could affect a beneficiary’s ability to quality for financial aid. A Section 529 savings plan gives you, as the account owner, significant control over the money, so if the grandchild for whom you’ve set up the plan decides against attending college, you can transfer the assets to a different grandchild. (2)Coverdell Education Savings Account — Depending on your income level, you can contribute up to $2,000 annually to a Coverdell Education Savings Account (ESA). Your Coverdell earnings and withdrawals will be taxfree, provided you use the money for qualified education expenses. (Any noneducation withdrawals from a Coverdell ESA may be subject to a 10 percent penalty.) You can place your contributions to a Coverdell ESA into virtually any investment you choose — stocks, bonds, certificates of deposit, etc. If you’d like to give money to a grandchild, but you’re not sure you want to designate your gift exclusively for education, you might want to consider opening a custodial account, commonly referred to as an UTMA or UGMA. You can fund an UTMA/UGMA with most types of investments, and, like the Section 529 plan, you can put in up to $12,000 per year without incurring gift taxes. But once your grandchildren reach the age of majority (usually 18 or 21, depending on the state of residency), they can do whatever they want with the money from the UTMA/UGMA. You may want to consult with your financial and tax advisors to determine which gifting methods are most appropriate for your situation. But no matter which route you choose, your generosity may well ensure that Grandparents Day will always have special meaning in your family. 200 North 400 East • Panguitch, Utah • 676-8811 www.garfieldmemorial.org Family Practice Dr. Richard Birch Dr. Todd Mooney Becky Roberts, FNP Tim Dennis, PA-C Speech Therapy Flora Howard Certified Nurse Midwife DeAnn Brown, CNM Anesthesiology Lewis Barney, CRNA VISITING SPECIALISTS FOR september 2008 Dr. Robert Nakken 25 Orthopedist . ................................676-8842 Dr. Robert Pearson 9 Ear, Nose, Throat.........................676-8842 Dr. Mark Hansen 18 General Surgeon..........................676-8842 Dr. Brad Webb 3, 17 Podiatrist.............................. (800)260-3668 Dr. Osborne 11 Cardiologist...................................676-8842 Dr. Eric Maxwell 3, 17 Audiologist....................................676-8842 Dr. Ronald Crouch 10 Urologist.......................................676-8842 Dr. Randy Delcore 11 Orthopedist...................................676-8842 Our Pharmacist, Tim Smith, will provide Coumadin testing and results at outlying clinics. Please call clinic for available dates and times. Coumadin testing and results at the Garfield Memorial Clinic will be by appointment. Mammography will be availale in Panguitch on September 10th and in Enterprise on September 17th & 18th. To schedule and appointment, please call 435-676-1267. Clinics - Call For Appointments Garfield Memorial Clinic, Panguitch ..................................................435-676-8842 (Mon - Fri) Kazan Clinic, Escalante . ........................................................435-826-4374 (Mon., Wed., Fri.) Bryce Valley Clinic, Cannonville ...............................................435-679-8545 (Tues. & Thurs.) Circleville Clinic, Circleville .......................................................435-577-2958 (Tues. & Thurs.) Physical and Speech Therapy . ...........................................................................435-676-8840 Mammography ....................................................................................................435-676-1267 Diabetic Counseling(Jan Frandsen) ....................................................................435-676-8811 Garfield Memorial Hospital Long Term Care Center ...........................................435-676-1265 |
