Just recently the House of Representatives passed the Securing a Strong Retirement Act, sometimes called the Secure Act 2.0, by a vote of 414-5. Currently, it is being considered by the Senate and is not yet law. One key provision within the act is having the required minimum distribution (RMD) rise to age 75 over …
For many people, the new year is the perfect time for resolutions. Although common resolutions include losing weight or saving money, choosing to have your will drafted or updated is another great resolution! Here are a few things to consider: 1. Analyze your financial situation Make a comprehensive list of your assets and debts, so …
On Labor Day weekend, September 4 and 5, 2021, Bingham Group held its 8th annual Monroe Life Balloon Festival, raising $50,000 for Boys & Girls Clubs of the Ocoee Region. The festival was held at The Sequoyah Birthplace Museum in Vonore, TN. Ten hot-air balloon pilots entertained the large crowds who also enjoyed the various …
With the new SECURE ACT that went into effect in December 2020, the rules around your retirement account (Traditional IRA/401K) have been re-written. Here’s one thing you need to know! Individuals[1] (excluding spouses) who inherit a retirement account from a loved one must now distribute the entire amount within 10 years of the owner’s death! …
Spectrum today announced that five different Boys & Girls Club organizations in Tennessee have each received $6,000 Spectrum Digital Education grants (totaling $30,000) as part of its five-year, $7 million commitment to digital education in Spectrum communities across the country. Representatives from Spectrum joined Ryan Hughes, Executive Director for Boys & Girls Clubs in Tennessee …
For many reasons 2021 is another year to reflect upon. While you may want to forget many things aboutit, you should keep in mind from a charitable perspective that 2021 has extended several uniquecharitable giving options that will expire at the end of the year. The Consolidated Appropriations Act (CAA) extended numerous provisions contained in …
Ford’s cyber-orange 2021 Bronco, “Black Diamond Edition,” goes to family with a heart for improving kids’ lives Madisonville, TN—Ellijay, GA resident and foster parent, Dustin Long, was the lucky ticket holder whose name was drawn at the Monroe Area Clubs Annual Auction on Saturday night, August 14. For the last 22 years, Boys & Girls …
EXCITING NEWS! At our July 2021 Board Meeting, we had the privilege of introducing the newest member of our Administrative team, Jay Duggan! Jay will be serving in a part-time/consulting role, primarily as our Legacy Giving Consultant. When you begin the legacy planning process, you are helping ensure that the future needs of our youth …
In 2007, First Cumberland received a generous bequest (property given by will) from the estate of two church members, Paul and Juanita Hays. The gift was a large one, and for Rev. Jennifer Newell and the First Cumberland leaders, the possibilities seemed endless! However, before they made any decisions about how best to use the …
