NEVER INVEST IN AN ANNUITY!!!
You’ve no doubt seen this kind of headline in the financial pages or you’ve seen pop-up ads on your computer or you’ve heard some friend repeat what he’s heard from his buddy’s uncle. Are they serious?
Let’s start with the basics: An annuity is a tax-favored savings instrument. The government gives it special tax treatment because it’s designed for retirement income. An annuity can be qualified or in other words, funded with money that you have not yet paid taxes on, like an IRA or an RRSP in Canada. Or non-qualified, that is, funded with money you’ve already paid the tax on. Like money you take from your paycheck or out of your savings account. Either way, the tax on the growth in your Knights of Columbus annuity each year is deferred…you pay no current tax on it and pay only when you withdraw money.
I’ll tell you that I think an annuity is a is a great product in the right situation. Especially a Knights of Columbus annuity. In addition to tax deferred growth, here are a few more reasons why I think that way:
But let’s be fair; an annuity is not the answer every time. It’s not a short-term product. It’s not designed to be a “put and take” account where you stick some money in and then take it out a short time later. There is a reducing early withdrawal penalty over the first seven years if you take out more than the 10% free withdrawal. That feature, in all annuities, not just the KofC, is to encourage people to leave the money alone until retirement age.
So, although there are situations where an annuity is not the proper product, there are many where it is… And we haven’t even talked about triple compounding, protection from creditors and other features.
How do you know if an annuity is right for you? Meet with me and let’s look at your goals. It might be the perfect fit.
Where do you keep your safe money?
Field Agent, Council 4057
Some interesting history of St. Patrick Parish can be found here, including why there are St. Patrick parishes in Harrisburg, Carlisle, and York, as well as the photo of the Shrine church shown above: https://gardnerlibrary.org/encylopedia/st-patrick%E2%80%99s-catholic-church
This is a CALL TO MARCH. The Carlisle Memorial Day Parade is coming up this Monday, March 27th. The parade starts at 9:00 AM. We are forming at 8:00 AM to 8:30 AM on East North Street near Bedford Street. We will be behind the Fraternal Order of Eagles, and in front of the Boy Scout Pack #168.
We need about a dozen Knights to be flag bearers and carry our banner. If you have or haven't participated in a while, this is a good opportunity. The parade only last about 30 to 45 minutes. It's early in morning so you will have the rest of your day open.
Please email Robertrhirsch@yahoo.com or firstname.lastname@example.org to confirm your attendance. There was some confusion at our meeting if we were signed up. WE ARE SIGNED UP. If you have a Knights shirt, please wear it.
Let's show our patriotism and unity.
Pennsylvania Knights of Columbus State Council (at present headed by 4057's own Mark Jago) recently launched a new resource for KofC members: a PA Knights of Columbus smartphone app. The app provides statewide information, news, alerts to members and guests, links to prayers, and a prayer request feed. Especially useful will be the texts to the opening and closing odes. Download it now: https://apps.appmachine.com/paknightsofcolumbus
Students from St. Patrick Catholic School recently competed in Council 4057's Catholic Citizenship essay contest. The purpose of the contest is to encourage young people in our community to become citizens, grounded in their faith through creative writing. It was open to eighth grade students at St. Patrick's who were judged on grammar, style, and how clearly they present the theme.
Contest winners - who showcased creativity, imagination and overall development of the topic - were Jose Centenera, first place; Mikey Miekley, second place and Silas Gross, third place. They are pictured above with 4057 Grand Knight Jay Raines.
Dear Brother Knights,
It was in Rome, towards the end of the eighteenth century, one fine evening in May. A child of the poor gathered his companions around him and led them to a statue of Mary, before which a lamp was burning, as is the custom in that holy city. There, these fresh young voices sang the Litany of our Lady. The next day, the little group, followed by other children, again gathered at the feet of the Mother of God. Next came their mothers, to join the little assembly. Soon, other groups were formed, and the devotion rapidly became popular. Holy souls, troubled by the disorderly conduct which always increases and becomes graver at the return of the pleasant springtime, saw in these growing practices the hand of God, and they cooperated with the designs of Providence by approving and promoting this new devotion, as a public and solemn act of reparation. The Month of Mary was founded. (CNA resources)
I encourage each of you this month to spend time with our Blessed Mother, say an extra Rosary, bring flowers to her at Church. Today more than ever our Church and our Country need Her intercessions.
May 4/5 Our Heavenly Hoagie sales will be taking place after the Masses.
May 7th and the 21st Bingo at the Claremont Nursing Home. Please contact Brother John Kahle or Brother Kevin Kayda, if you can help.
May 11/12 we will be handing out flowers for Mothers Day after the Masses.
May 14th is our regular business meeting. Please make every effort to attend as we will be reading the slate for new officers.
May 18th from 8:30-11:00 is our Project Share distribution day. Contact Brother Jim McGarry if you would like to participate.
May 28th Is our quarterly Rosary night. It is also St. Patrick Catholic School 8th Grade graduation night. So we are encouraging our members to attend the Rosary that is held at the Shrine Church. They start at 6:30pm.
I pray that our Blessed Mother will intercede for you and your families this month.
Follow the Carlisle Knights of Columbus as they serve St. Patrick's Church and the Carlisle community.
SAINT MICHAEL THE ARCHANGEL, defend us in battle, be our protection against the wickedness and snares of the devil. May God rebuke him, we humbly pray; and do thou, O Prince of the Heavenly Host, by the power of God, cast into hell Satan and all the evil spirits who prowl about the world seeking the ruin of souls.