LEGISLATIVE UPDATE:
Pension Protection Act of 2006

"Under current law, a distribution from an IRA to a charity was included in the gross income of the owner of the IRA. For tax years 2006 and 2007, each taxpayer may rollover up to $100,000 per year from their IRA to a qualified charity without including the rollover amount in gross income. A qualified charitable distribution must satisfy all of the following..."

Read about the definition of a qualified charitable distribution for an IRA and other new charitable provisions in the Pension Protection Act of 2006 by clicking HERE.

RENAISSANCE PRACTICE DEVELOPMENT FORUM

The next Practice Development Forum will be held in Las Vegas on October 5th and 6th at the Las Vegas Hilton.

The May Practice Development Forum in Indianapolis was a huge success! After 1 1/2 intensive days of training, attendees were treated to an afternoon at the Indianapolis Motor Speedway to watch Indy Car practice for the weekend qualifications.

Special Fee Discount:

We are currently offering a 10% lifetime CRT administration fee discount for all CRTs who name the Renaissance Charitable Gift Fund as at least a 50% irrevocable beneficiary. Call Renaissance today at 800.843.0050 to learn how you can take advantage of this special offer.

CASE STRATEGY:
Henry - IRA Rollover to Benefit Charity During 2006 and 2007

Sam Henry was facing a required minimum distribution from his IRA which would increase his income taxes from Social Security and hurt his chance of deducting his medical expenses. Through the recent passage of the Pension Protection Act of 2006, Sam has found a solution through the Charitable IRA Rollover. The permissible rollover recipient will be a Restricted Fund at the Renaissance Charitable Foundation. From the Restricted Fund, Sam will be able to ensure the library will receive annual grants while not having to recognize income from his IRA.

Click Here to learn more about this exciting new charitable solution example.

RENAISSANCE:
Out and About

• October 5-6 - Kevin McGrath and Ted Batson present the Renaissance Practice Development Forum in Las Vegas, NV

• October 5-6 - Greg Baker will be attending the Notre Dame Tax and Estate Planning Institute in South Bend, IN

• October 18-20 - Ted Batson will be exhibiting (Booth 59) at the FSC/ACC Conference in Atlanta, GA

• November 10 - Kyle Christopherson will be attending the Financial Planners Association quarterly meeting in Indianapolis, IN

• November 16 - Jeff Christie will be speaking at NAIFA in Greenfield, IN

IRS Discount Rates for 2006:

October: 5.8%
September: 6.0%
August: 6.2%

CHARITY PROFILE:
Little Red Door

Fighting cancer is tough enough, but it's even harder when you don't have medical insurance or the resources to afford proper care. Since 1945, the Little Red Door Cancer Agency has worked with the central Indiana community to help those in need make the most of life, and the least of cancer, by reducing the physical, emotional, and financial burdens of cancer for medically underserved residents of central Indiana.

According to Executive Director John Aleshire, $0.85 of every dollar goes directly to programs and services; and this year, Little Red Door will serve more than 10,000 people in central Indiana. Visit their website to learn more about The Little Red Door.

ADMINISTRATION CORNER