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Finding and Claiming Forgotten Funds

As a child, you may have dreamed about finding buried treasure, but you probably realized at an early age that it was unlikely you would discover a chest full of pirate booty. However, the possibility that you have unclaimed funds or other assets waiting for you is not a fantasy.

According to the National Association of Unclaimed Property Administrators (NAUPA), $41.7 billion is waiting to be returned by state unclaimed property programs. So how do you find what is owed to you, even if it's not a fortune?

State unclaimed property programs

Every state has an unclaimed property program that requires companies and financial institutions to turn account assets over to the state if they have lost contact with the rightful owner for one year or longer (such as when the account has been inactive). It then becomes the state's responsibility to locate the owner. State-held property generally can be claimed in perpetuity by original owners and heirs.

Q&As on Roth 401(k)s

The Roth 401(k) is 10 years old! With 62% of employers now offering this option, it's more likely than not that you can make Roth contributions to your 401(k) plan.1 Are you taking advantage of this opportunity?

What is a Roth 401(k) plan?

A Roth 401(k) plan is simply a traditional 401(k) plan that permits contributions to a designated Roth account within the plan. Roth 401(k) contributions are made on an after-tax basis, just like Roth IRA contributions. This means there's no up-front tax benefit, but if certain conditions are met both your contributions and any accumulated investment earnings on those contributions are free of federal income tax when distributed from the plan.

Who can contribute?

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.

New HAWK Traffic Signal over Sheridan Drive at Trail

New HAWK Traffic Signal over Sheridan Drive at Trail

TOWN OF TONAWANDA, NY : Town fo Tonawanda Police offer the following information about the new signaling system that is being installed over Sheridan Drive near Ted's Hot Dogs and Paula's Doughnuts. The Signals are a little different and may cause some confusion.

 

Th signal is calld a "Hawk" signal and photo is courtesy NYS DOT and TOTPD.

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"Pour Over Coffee" Created by "Mrs. Coffee" Melitta Bentz

"Pour Over Coffee" Created by "Mrs. Coffee" Melitta Bentz
The popular pour-over coffee brewing method is a fast efficient method of brewing coffee, producing a cup somewhere between french press and auto-drip.  If you use a "gold" filter, the brew will have a presence similar to the French Press and if you use a paper filter, it will resemble auto-drip coffee.  This method is also known as the Melitta process, after a German Hausfrau, Melitta Bentz (1873-1950) of Dresden, who originated it in 1908. The Melitta Company, which she founded and in whose operations she remained involved till her death in 1950, is widely believed to have done more than anyone else to popularize the pour-over method of brewing coffee; as a direct result, it has become one of the most widely-employed of all "hot brewing" methods The method, resulting in the paper coffee filter that we are familiar with today was created and invented by this inven

Why Ethical Coffee Matters and Fair Trade USA

Why Ethical Coffee Matters and Fair Trade USA
 ​A label that is beginning to appear in coffee and other retail products is fair Trade USA, but what does that mean and why should we care, as consumers?