ˇ ´ VESTNIK
Volume 106 Number 13
S P J S T
Benevolence
EASTER BLESSINGS
H E R A L D
★ Humanity
ISSN —07458800
District Two Duke Tyson Bilbrey of Lodge 47, Seaton and District Two Duchess Molley Taisler of Lodge 80, Holland are pictured at the silent auction held during the District Two Spring Meeting at Lodge 29, Taylor on Sunday, March 18. The auction raised funds for district youth projects.
Joining Hands . . . making a difference Lodge 30, Taiton youth, left to right, Millie Garrett and twins Vanessa and Hudson Riha don gloves to assist with the lodge’s Join Hands Day project of cleaning the inside and outside of Taiton Community Center on March 4. More on page 9.
★ Brotherhood
April 4, 2018
The Power of Tax Deferral
With a tax deferred investment, the earnings on your money is reinvested and no money is taken out for taxes. You potentially have more money to compound and grow. That means when you withdraw the funds, your investment i may be larger than a similar investment that is subject to tax each year.
The chart below illustrates the potential benefits of a tax-deferred investment versus a taxable investment assuming $100,000 deposit in Year 1 earning an annual return of 3 percent for 20 years and the investor paying 24 percent in federal income tax on taxable earnings.
By Richard Hrbacek, SPJST Operations/Marketing Manger
Future Values of Funds Years
Taxable Accumulation
Tax-Deferred
Years
Taxable Accumulation
Tax-Deferred
1
$102,280
$103,000
11
$128,144
$138,423
2
$104,612
$106,090
12
$131,066
$142,576
3
$106,997
$109,273
13
$134,054
$146,853
4
$109,437
$112,551
14
$137,110
$151,259
5
$111,932
$115,927
15
$140,236
$155,797
6
$114,484
$119,405
16
$143,434
$160,471
7
$117,094
$122,987
17
$146,704
$165,285
8
$119,764
$126,677
18
$150,049
$170,243
9
$122,494
$130,477
19
$153,470
$175,351
This chart illustrates the potential benefits of a taxdeferred investment versus a taxable investment. This chart is for illustrative purposes only using a hypothetical rate and is not indicative of investment performance or future incomes. In addition, it does not 10
$125,287
$134,392
reflect any federal income tax that may be due when an investor receives distributions from a tax-deferred investment. This information should not be construed as legal or tax advice. Consult a tax advisor regarding your specific situation. 20
$156,969
$180,611
Annuities provide tax-deferred growth
An annuity is a tax-deferred insurance product which can be used to accumulate funds for retirement and other long-term objectives. Annuities provide interest earnings on the deposits, but also earn in-
terest on the interest, which is known as compounding. In addition, interest is earned on money that would have gone Continued on Page 3.
Camp Kubena Volunteer Work Day this saturday, april 7 8 a.m. till ? • Camp Kubena • 2001 Waldeck Rd • Ledbetter, TX 78946 Come in on Friday, April 6 and spend the night at Camp Kubena. Saturday’s breakfast and lunch will be provided.
N N N N N N N N Inside This Week’s Věstník N N N N N N N N Please RSVP to jeb@campkubena.com or call 979-249-5674
Important Dates ...................................3 Interest Rates ......................................3 SPJST Car Show Info..........................3 Fraternal News.....................................4 District News........................................5 Lodge Section .....................................8
In Memoriam ......................................15 Youth Section ....................................17 Vestnik Project ..................................18 Czech Culture ....................................21 Advertisements .................................21 Lodge Calendar .................................22
Page 10
5 generations of Christmas caroling with Lodge 39 Bryan
Page 13
Lodge 160 San Angelo provides frisbees to Manila/Nepal youth
Page 19
Youth participate in District Two Spring Meeting