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Julian , California
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May 30, 2012     The Julian News
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May 30, 2012
 

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The Julian News Financial Focus 529 Plan Can Help with College Funding and Estate-planning Considerations Now that another school year is drawing to a close, your young children are a step closer to the day when they'll be heading off to college. Of course, as you're probably aware, higher education doesn't come cheap and the costs seem to continuously climb. You can help your children or even your grandchildren -- meet these expenses by investing in a 529 plan. And this college savings vehicle offers estate- planning benefits. As a college funding vehicle, a 529 plan offers some significant benefits. When you contribute to a 529 plan, your earnings accumulate tax free, provided they are used for qualified higher education expenses. (Keep in mind, though, that 529 plan distributions not used for qualified expenses may be subject to federal and state income tax and a 10% IRS penalty.) Furthermore, your 529 plan contributions may be deductible from your state taxes. However, 529 plans vary, so be sure to check with your tax advisor. And the lifetime contribution limits for 529 plans are quite generous; while these limits vary by state, many plans allow contributions well in excess of $200,000. Plus, a 529 plan is flexible: If the child, grandchild or other beneficiary decides against college, you can transfer the unused funds to someone else, tax and penalty free. Now, let's turn to a 529 plan's estate-planning benefits. If you think that you may need to reduce the size of your taxable estate, and you also want to create a legacy you may be able to enjoy during y.ur lifetime, you may fin6 Plans For StarFest Come To Light Organizers of the Fifth Annual Julian StarFest have announced the popular astronomy event will be held once again at the Menghini Winery. This years .festival will be from Thursday, August 16 through Sunday, August 19. Presented by the San Diego Astronomy Association and the community of Julian, the event draws thousands of Southern "Californians to Julian to enjoy the dark skies. Telescope and accessory manufacturers, astronomical software, and other exhibitors of astronomical interest will again have an exhibition area from 9 a.m. to dusk Friday, Aug. 17, and Saturday, Aug. 18. This provides an excel ent opportunity for expert and novice astronomers to ask questions face-to- face with vendors and often solve troublesome technical difficulties with equipment. The manufacturers enjoy being among their customers and sharing two-way knowledge. Entry fee for the Astronomy Manufacturers Fair, other exhibitors, a Saturday Astronomy Swap Meet and lectures is $5 for adults, $2.50 for teens 13 to 18, and free for ages 12 and under. Wristbands are valid, but not May 30, 2012 transferrable, for all days of the Perhaps the most popular event and include an opportunity " aspect of StarFests past has drawing Saturday evening with thousands of dollars of donated astronomy equipment. Wristbands can be shown at dozens of participating shops and restaurants in Julian and Wynola for exciting discounts and special offers. A special primitive camping opportunity exists for tent campers and RVs for up to three nights at the beautiful winery. Camping fees, which include daily admission to the events on site, are $30 per adult, $15 per teen and free for those 12 and under. Reservations for camping can be online at www. julianstarfest.com, by mail (forms on web site), or at the gate. Camping regulations, including no open fires, are stated on the website. The Julian Lions Club will have available burgers and hotdogs for purchase Friday evening, a pancake breakfast Saturday, and burgers, hot dogs and barbecued chicken and beef with side dishes until'dusk on Saturday. Sunday morning, the Ioca American Legion will offer an all- you-can-eat pancake breakfast at their hall in Julian. been the free Saturday night star gazing offered by those who have telescopes present, as well as manufacturers. Also available is a live video feed from a telescope into a darkened tent so that you can see what the tel{}scope is looking at in near real-time. Providing this for both Solar and nighttime viewing will keep you from having to stand in line to look through an eyepiece at a telescope. The Star Party runs from dusk to 10:30 p.m. Saturday. Please bring a low- level red light, to protect night vision, while walking around the area. Red cellophane to cover flashlights as well as inexpensive key chain red flashlights will be available. Parking is limited so please carpool to limit vehicle traffic at the event. Visit the Julian StarFest web page for more information about camping, schedule of speakers, and other activities: http://www. julianstarfest.com or visit us on FaCebook. Net proceeds from the event will go to support the nonprofit San Diego Astronomy Association's astronomical education and outreach and future StarFest events. Apple Junction Real Estate, Inc., Paul Bicanic Owner/Broker Active over 30 years full time in Julian Real Estate www.AJRE.com 760.765.2878 / 760.484.7792 EdwardJones MAKING SENSE OF INVESTING 850 Mai St #104 Ramona, CA 92065 (760) 789-2804 Yvonne P. Catton that the 529 plan offers a solution for you. When you establish and contribute to a 529 plan, the assets leave your estate -- but they don't leave your control. If your named beneficiary decides against college and you don't have another family member to whom you can transfer the account-- or if you simply change your mind about funding the 529 plan -- you can get your money back at any time, although, as mentioned above, you'll have to pay taxes, and possibly a 10% IRS penalty, on the earnings. Your contributions to a 529 plan also qualify for the $13,000 annual gift tax exclusion, so you can give large amounts each year without incurring the gift tax. In the investment world, you can find many vehicles that can help you make progress toward one goal. But it's far less common to find something that may give you a boost toward two. And when the two goals are helping a child or grandchild go to college and lowering the value of your taxable estate -- while still maintaining control of your assets -- you've got an investment worth considering. So consult with your tax and financial advisors to determine if a 529 plan is right for you. And if it is, think about taking action soon, because the more years you can contribute to a 529 plan, the better the outlook for both yor future student and your estate plans. Edward Jones, its employees and financial advisors are not estate planners and cannot provide tax or legal advice. You should consult your estate- planning attorney or qualified tax advisor regarding.your situation. Sun Protection And More (NAPSA)-One of the smartest ways you can protect your skin from the damaging effects of sun exposure is with a sunscreen that blocks or absorbs ultraviolet light. But the latest sunscreens offer even more. "Proper use of a broad- spectrum sunscreen helps minimize skin tone irregularities while preventing premature skin aging," says Dr. Sherry Hsiung, hyperpigmentation specialist, skin cancer surgeon and Kiehl's Since 1851 consulting dermatologist. Sunscreens with antioxidants help protect against free radicals Protection is just the beginning. Kiehl's new sunscreen, DermatologistSolutionsActivated Sun Protector Sunscreen-Broad Spectrum SPF 50, includes powerful antioxidants to further protect skin from environmental aggressors. This formula is an oil-free, paraben-free, ultra- lightweight sunscreen with three distinct antioxidants-goji berry, vitamin E and einkorn wheat-to neutralize skin-damaging free radicals. The broad-spectrum formula features a patented photostable technology to provide longer- lasting protection, defend against UVA.rays, which cause the visible signs of premature aging, and guard against UVB rays, known to cause sunburn. For more information, visit www. kiehls.com/Activated-Sun. lulian Kand For Sale ,91ACRES - 2 Bedroom septic in ground, water, electric, house plans - $110,000 1 ACRE- Large Potential with water meter - $45,000, 1ACRE- Seller will provide County Approved septic layout - $50,000. 1.19 ACRES - Recently surveyed, Nice building site with existing septic system, all utilities available, Harrison Park - $110,000: 1.29 ACRES - Approved 3 Bedroom septic layout, outstanding views - $42,000 2.5 ACRES - Fabulous View and Privacy - $49,000. 2.SACRES. View from Coronados to Catalina, Driveway and pad roughed in, Water meter, Seller is motivated to negotiate All CASH Offer - $85,000. Z5ACRES - Water meter, County Approved 3BR septic layout, Vew, House plans - $110,000. ZSACRES - Paved roads, Underground utilities, Approved for 3BR,Large Oaks - $150,000. 2.5 ACRES - Gorgeous Wynola Estates Parcel, Seller will provide County Approved 3BR septic layout. Cedars, Oaks, Manzanita - $158,000. .2.SAGRES-Approved septic layout, grading plans, building plans, water meter, all utilities, Big oaks, Paved road - $219,000. 2.63 ACRES - Very private with rural views, Approved County septic layout - $135,000. 2.77ACRES. Foundation, 3 Bedtic system, water storage tank - $109,000 2.97ACRES Unobstructed view property, From Mt Palomar to the Salton Sea, Water meter, County Approved for 3BR residence, All utilities + Cable- $199,000. 8 ACRES- Driveway and pad roughed in, County Approved for 3 BR,Terraced for orchard, Area for Pond, Huge Pine Tree, Oaks, Manzanita. View from Mt Palomar to Ranchita - $259,000. 9.92ACRES- Usable parcel, with Well, Storage Tank, 3 BR se ptic system in ground, view- $135,000. 13ACRES - Usable undeveloped parcel. Level to rolling to sloping (Ranchita) - $60.000. Manufactured Homes - Golden Nugget Park $59-0 Space Rental - trash, electric, water, extra 2BR - 2BA 1600+ S.F. $120,000. 1150+ S.F. $65,000. /I i/ Need help paying for college? Let's t00k. Business Consulting Accounting Financial Statements Tax Planning and Preparatior Individual Busines, Trust Nonprofit Eslablishcd 1904 LUERS & DYER CPAS, LLP CERTIFIED PUBLIC ACCOUNTANTS 760 765-0343 REBECCAorJAN @ LuersCPA.com www.LuersCPA.com Wynola Center. 4367 Hwy. 78, Suite 112 Santa Ysabel. CA 92070' THIS LOAN IS HERE NOW!!! IS YOUR HOME LOAN UNDERWATER? HAVE YOU MADE YOUR LAST 6 PAYMENTS ON TIME? IT TOOK THEM A WHILE BUT THE LOAN IS NOW HERE ANDWE ARE CLOSING LOANS. FOR THE NORMAL LOAN IN YOUR AREA. WE ARE LOOKING AT HIGH 3% TO LOW 4% CALL ME WITH THE ADDRESS AND YOUR NAME AND I WILL GO ON SITE TO SEE IF YOUR LOAN WAS SOLD TO FANNIEMAE OR FREDDIEMAC. IN MANY CASES YOU CAN GO FROM A 30 YEAR TO A 15 OR 20 YEARS LOAN AND NOT INCREASE YOUR PAYMENT. IN MANY CASES PAYMENT WILL BE LOWER. OFFER EXPIRES DECEMBER 31ST. 2013. GET IT STARTED NOW WHILE RATES ARE DOWN. ONCE AGAIN IF THIS LOAN DOES NOT MAKE SENSE TO YOU I WON'T PUT YOU INTO IT. ANY QUESTIONS PLEASE CONTACT ME. RULE OF THUMB IF I CAN COVER MY COSTS IN A 5 YEAR PERIOD IT MAKES SENSE, IN MANY CASES WE ARE COVERING COSTS IN LESS THAN 2 YEARS. ALSO DOING FHA, VA. CONVENTIONAL LOG HOMES-MANUFACTURED HOMES Mike AND CONST00O0000ION 00OANS Mclntosh CALL ME WITH QESTIONS... MORTGAGE LENDER 619- 5 61-6241 NMtS,: 226000 FAX: 619-749-3667 BACK COUNTRY CELL: 619-316-7732 SPECIALIST I IEFi r EMAIL:MMCINTOSH@AMERIFIRST.US__ 6370 LUSK BLVD. F209 SAN DIEGO, CA 92121 Licensed by the Department of Corporations under the t I 'NCIL INC. CaliforniaReidentialMortgageLendingAct813-G596 LENDER ANTHONYJ, ROMAN0 Attorney-At-Law Real Estate, Estate Planning, Business and Water Law (619) 696-9916 1901 First Avenue, Suite l 10 San Diego, CA.