Gospel singer sees youth flocking to Christianity

Gospel singer sees youth flocking to Christianity

| Originally published in the Fall 2020 edition of OurSeniors.net Magazine | On our magazine cover, we have Garrett Hornbuckle, his wife Danielle and daughter Ella Grace, because they are an inspiration that we should look to for hope for our next generation. When he was younger, Garrett grew up in a broken home, not having a close relationship with his biological father and his mother remarrying when he was nine into a broken marriage. After attempting to find validation in a variety of things during high school, he found a place in his youth group that changed his life forever. His youth pastor invested in him and believed in him telling him that he should pursue something with his music talent. When his band, All Things New, was climbing the charts and becoming very successful, Garrett went through a traumatic experience. His band members abandoned him just as their second song hit the radio and they were going on tour with famous...
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Are your Social Security benefits taxable?

Are your Social Security benefits taxable?

Will you have to pay income tax on the Social Security benefits you receive? It depends on many variables. The IRS uses a measurement called “combined income” to determine if you need to pay taxes on any part of your Social Security benefits. Combined income is made up of two parts: 50% of your Social Security benefits and; ALL of your other income. Your “combined income” equals ½ of your Social Security benefits + your adjusted gross income + nontaxable interest or other nontaxable income (if any). For many taxpayers, there is no difference because they do not have income that need to be excluded from their “Adjusted Gross Income” (AGI) total. If you are married, filing jointly and your total combined income is between $32,000 and $44,000, you may have to pay an income tax on up to 50 percent of your benefits. If your combined income is more than $44,000, up to 85 percent of your benefits may be taxable. If...
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What is a revocable living trust and do I need one?

What is a revocable living trust and do I need one?

| Written by Andrew C. Grant | One of the most frequent questions I get when meeting with new clients to plan for their estates is whether they need a trust or not.  This question is usually prompted by a lack of information, or misinformation, as to what a trust does as part of a person’s estate plan.  This article will attempt to provide a little clarity on the subject. A trust is most commonly used as a means of avoiding probate at the grantor’s death.  These trusts are referred to as revocable, or living, trusts.  As the name implies, they are created during a person’s lifetime and are fully revocable or amendable during that lifetime.  All assets transferred to the trust are treated as if the grantor (who is usually also the trustee) still owns them directly with no loss of control.  Upon the grantor’s death, assets that are already in the trust pass to the grantor’s beneficiaries without having to...
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