Issue # 9, September 2013                                                                                                             

 

Happy Labor Day!

 

Labor Day; the unofficial end to summer and vacations. The good news is that it's the official kick off of the football season! Yea! For some, it's back to school month. For those of us in Florida, we prepare for Hurricane season, and for those not in Florida,  a nice break from the heat of summer.

 

Labor Day was originally created to  celebrate workers and their achievements, and originated during one of American labor history's most dismal chapters, in  the late 1800s, and at the height of the Industrial Revolution in the United States. Things are quite different now as productivity and technology have increased by leaps and bounds.  This makes working and investing in American Companies quite attractive.

 

This year, for my annual charity event, I was      

"coerced" into bartending for one of my favorite charities.  I thought, "how hard could that job be?".  Boy, was I naive. I could not keep up with the demand of all my friends and clients ordering drinks, keeping open tabs, and of course all those "special" orders.  It made me love my day job even more.

 

So, as we close out the summer, and celebrate Labor Day  we should  be grateful for the jobs we have, no matter what the job might be and the fact that we work in the best country in the world.  For my friends and colleagues who are retired, thanks for contributing to improve the Labor Market. 

 

 

Sincerely, 

William "Bill" Cummings, CPA
Cummings Financial Organization 

September is Life Insurance Awareness Month!

 

What would happen if suddenly you were not around and your family was on their own? 

 

According to LIMRA, a research and consulting group, 30% of Americans have no life insurance. This is considered a crisis because too many Americans' lives are shattered due to financial hardship from an unexpected death or terminal illness. Life Insurance Awareness Month was established to raise awareness on the importance of having adequate life insurance that can help protect your family.

 

Having adequate life insurance can:

  • Keep your family in their home
  • Pay off debt
  • Pre-fund your children's college
  • Keep your family business open
  • Help your family with cash flow
  • Maintain your family's standard of living

To assess your life insurance needs click here

  
  

Tax Update 

 

 

Bill was in Chicago at the American Institute of  Certified Tax Coaches Conference.

The conference offered more tips on how to help clients reduce their tax bill and we can't wait to share those tips with you! 

  
  
In This Edition
A personal message from Bill
Life Insurance Awareness Month
Tax Update
Bill in the News
Cummings Charity Event
College Planning
Check out CFO in the News!
 

  

 

Bill talks with Russell about college planning on FOX 13's Good Day Tampa Bay! 


Click here to see the full video and receive more tips on how to plan for college expenses.Remember to 'Like' our Facebook page to see interviews as they happen!   


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_______________________________ 
 
'Thank you' to all of you who supported Bill bartending at the Voices for Children charity event.
  
It was a fun time at Ciro's Speakeasy!
  
  
  
  
College Planning

You and your family can look to the future far more positively when you have a well-planned strategy for education costs.  With a plan that features tax-savvy investment advice and guidance, you can get closer to realizing your education funding goals and reap the benefits they deliver.

  • Obtain a timely, diverse college investment strategy designed around your financial resources, child's age, risk tolerance and projected education costs
  • Understand tax credits and deductions that can defray education costs, and the tax implications of education-related investment and savings deductions
  • Learn about ways for the student to become involved in the planning process and contribute to the education fund
  • Keep your plan updated to reflect changes in your employment situation, investment options, savings plan, financial aid requirements and tax laws
  
  
  
William Cummings is an Investment Advisor Representative with securities and investment advisory services offered through Transamerica Financial Advisors, Inc. (TFA) Member FINRA, SIPC, and Registered Investment Advisor. Cummings Financial Organization, Inc. and TFA are not affiliated. Neither TFA nor its representatives provide legal, tax nor accounting advice. Persons who provide such advice do so in a capacity other than as a registered representative of TFA. 

LD047470-08/13.