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The Association of Mature American Citizens

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  • Trace Your Genealogy Visit Historic Charleston, SCHave a Heart-Healthy Year Consider Going Solar

    AmacAdvantageSPRING 2008 FREE

    The Greatest

    The magazine of The associaTion of maTure american ciTizens

    Medical Care in the World

  • 4$)8"35;"1'&-536)084,:."3$644"$)41$ M$06/4&--034"5-"8*ERICHO1UADRANGLE*ERICHO.9 0 & WWWlGHTINGFORYOUCOM

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    0VSGJSNJTDPNNJUUFEUPPCUBJOJOHDPNQFOTBUJPOGPSSFTJEFOUT

    OFHMFDUFEJOOVSTJOHIPNFT

    IFC

  • Special one week pass

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    15% off any kitchen order

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    5 Orville Drive Suite 400 Bohemia, NY 11716 1-888-262-2006

  • 2 www.amac.us

    Publishers Letter

    Dear Reader,Welcome to the second edition of AMAC Advantage. In this issue, we focus on Americas great health care system. Statistics clearly show the more education you have, the better your health will be. As you learn

    more about healthy living, preventive medicine, and health care in general, you increase your chances of staying in good health. Our feature article takes a look at advances in our health-care system over the last century. Is Michael Moore rightis our health care system Sickoor is Mr. Moore guilty of sick thinking?

    AMAC Advantage will carry a regular section on Health, to focus on this important issue and find ways we can continue to improve our health-care system for all Americans.

    We would like to thank Steve Levy, the County Executive from Suffolk County on Long Island, for his thoughtful letter to our Association.

    Its nice to know the 1.3 million citizens of Suffolk County have an elected official who is willing to listen and respond to the people.

    In 2008 well strive to increase our membership and to be your advocate on issues affecting your well-being. AMAC is expanding into Florida this year. Our first chapter is located in central Florida, between Ocala and Leesburg, just north of Orlando.

    Watch us grow!Best regards,

    Dan Weber, Publisher

    P.S. Please tell a friend or neighbor about AMAC. For the first part of 2008, well be offering a one-year Free Membership to new members. (See the membership ad in this issue, or visit our website, www.amac.us)

  • Daniel C. Weber Publisher

    Rebecca Weber Keiffert Associate Publisher

    Gary J. Christiansen Production Director

    Bill Terpenny Advertising (contact)

    David G. Weber Account Executive

    David G. Weber Gary J Christiansen Web Developers

    Gary J. Christiansen Contact for Membership

    Rebecca Weber Keiffert Editorial Inquiries

    AmacAdvantage

    Association of Mature American Citizens 5 Orville Drive Bohemia, New York 11716 631-589-6675

    Page 18

    Page13

    Page 9

    Produced for AMAC by Footprint Media Custom Publishing

    Footprint Media inc51 Gibson Avenue Huntington, n.Y. 11743

    SPRING 2008ISSUE NUMBER 2

    2 Publishers Letter

    5 Money Leave a living legacy

    7 Health Have a heart-healthy 2008

    9 Home Consider going solar

    10 Food Satisfying soups and stews

    13 Commentary AMAC publisher Dan Weber comments on our nations health-care system

    16 Genealogy Start at home to track your familys roots

    20 Travel Americas Historic Cities: Charleston, SC

    22 Essay Thoughts from Brother Juniper

    23 Did You Know? Tidbits to think about

    24 Parting Thought Words of inspiration

    Contents

    www.amac.us 3

    The magazine of The associaTion of maTure american ciTizens

  • SecureLiving SmartRate NY is subject to policy form series GENY601410/05 et al. and GENY6018 10/05 et al., Product ID: SP2. Ask your representative for details.

    Fixed annuities are long-term contracts designed for retirement purposes.There is no additional tax deferral benefit for annuities purchases in an IRA or any other tax-qualified plan since these plans are already afforded tax-deferred status. The other benefits and costs should be carefully considered before purchasing an annuity in a tax-qualified plan.

    All guarantees are based on the claims-paying ability of Genworth LifeInsurance Company of New York.

    Genworth Life Insurance Company of New York is a Genworth Financial company.

    Genworth, Genworth Financial and the Genworth logo are registered service marks of Genworth Financial, Inc.

    2008 Genworth Financial, Inc. All rights reserved.

    SecureLivingSM SmartRate NYSingle premium fixed deferred annuity issued by Genworth Life Insurance Company of New York

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    To learn more, call:

    Initial Guaranteed Period

    One-Year Period*Year 1 5.80% 6.30% 6.80%

    Three-Year Period**Years 1-3 4.80% 4.90% 5.00%

    Five-Year Period***Years 1-5 4.15% 4.25% 4.35%

    Minimum Guaranteed Rates

    Years 1-7 3.00%

    * Year 1 includes an additional interest credit between 2.00% and 3.00% depending on premium amount.** Years 1-3 include an additional interest credit between 1.25% and 1.45% depending on premium amount.

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    Minimum guaranteed rates will renew annually after the specified period based on state guidelines and willbe between 1% and 3%. State variations may apply.

    Annual effective yields:All rates are as of 02/06/08 and are subject to change.

    GUARANTEES DO EXIST AFTER ALL!

    Premium Amount----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------Less than $50,000 - $100,000$50,000 $99,000 or more

    Robert DeAngelis CLU, ChFC631 589.0100Hometown Agency 5 Orville DriveBohemia, N.Y. 11716

  • Leave them a Legacy

    Money

    How $10,000 left for your grandchild can turn into $1 million

    How would you like to leave your grandchild $1 million dollars tax-free? By taking advantage of two simple ideas you can easily do just that.Most of us would love to leave a financial nest egg for our

    grandchildren. The problem is we dont have enough money to do all the things we would like to. Here is a way to use a Roth IRA and put time on your side so your grandkids can be receiving money from you for each year of their life.

    The key reason the following projections result in such high numbers is because of the effect of compound interest over a long period of time. Another point of this example is to demonstrate

    how it is possible to take advantage of legitimate provisions in the tax code and use them wisely.

    Unlike most retirement funds, a Roth IRA doesnt have to be paid out in your lifetime (its not subject to mandatory distributions). The money must be distributed over your benefi-ciarys lifetime.

    In other words, you could leave a relatively small sum to a grand-childand your grandchild could inherit a windfall. Take a look at the following chart, which shows how you can leave your 6-year-old grandchild $10,000 in a Roth IRA and how your grandchild could receive over 1 million tax-free dollars in their lifetime.

    Assumptions: One single deposit of $10,000 is made into a Roth IRA with

    your 6-year-old grandchild as the beneficiary. The funds earn 9.25% each year (i.e. the S&P 50 year average). The donor dies nine years after the plan is set up and the ben-

    eficiary begins collecting the minimum distribution at age 15. The beneficiary starts collecting more than the minimum

    required, beginning at age 40.The above example works out the way it does because the

    grandchild (the beneficiary) leaves most of the funds in the IRA instead of raiding it and losing future growth.

    While it is possible to leave instructions with the beneficiary

    about how you would like them to withdraw the funds, the choice would be theirs.

    It is to be expected that inflation could lessen the purchasing power of the funds; however, imagine how happy your grandchild will be to still be receiving money from your gift 70 or more years from now. Of course, there is no guarantee that the investment return will be what is projected, but because the majority of the funds would not be withdrawn for many years, the likelihood of matching the historical returns is incr