The Magee Courier from Magee, Mississippi • Page 6

6A, THE MAGEE COUNTY NEWS, THURSDAY, once you've reached your retirement years. The Basics of IRAs How you handle your IRA in your retirement will likely depend on the type of IRA that you have: The traditional IRA, created by the U. S. government in 1974, allows you to invest up to $2,000 annually with two major tax benefits: you may be able to deduct each year's contribution from your federal income taxes, and the money grows taxdeferred. However, you'll owe income taxes on your distributions from your traditional IRA.

By law, you're required to begin receiving minimum distributions from a traditional IRA at age 70- A rollover IRA is a type of traditional IRA used to hold: distribution from a 401(k) or similar employer-sponsored retirement plan. To avoid the tax penalties associated with receiving a large sum of tax-deferred money, you may want to "roll over," your retirement plan funds directly into a qualified account such as a rollover IRA. A rollover IRA allows you to retain the option of transferring your rollover funds into a new company's retirement plan, as long as you don't make any individual contributions to the rollover account. Because the rollover IRA is a traditional IRA, you're required to begin receiving minimum distributions from a rollover IRA at age The Roth IRA allows you to invest up to $2,000 every year. While contributions to a Roth IRA are not tax-deductible, your contributions can grow tax-free, and you won't have to pay taxes on your withdrawals after retirement (provided you hold the account for at least five years and begin withdrawals after age And, unlike the traditional IRA, you're not required to begin making withdrawals from a Roth IRA at any age, making the Roth IRA a potential estate- Obituaries ries Wilma C.

Craft Strayham of Gautier; ten grandchildren and one great-grandchild. He was preceded in death by his wife, Lavon Stringer Dollar, and a Wilma C. Craft, 88, retired nurse, died of heart failure January 3, son, Paul David Dollar. 2001 at her residence in Magee. 1219q 190 Mrs.

Craft was an LPN at Mississippi State Sanitorium Hospital Emma Johnson (199) for 29 years. dati Her funeral was held January 5 at Corinth Baptist Church, where Emma Johnson, 106, homemaker, of Magee died January 2, 2001 she had been the oldest living member. Burial followed in the church of heart failure at Magee General Hospital. cemetery. Funeral services for Mrs.

Johnson were conducted at Mims She is survived by a son, Gene Craft of Magee; daughters, Mitchel Funeral Home Chapel on January 4, Burial followed in the Verbalene Walker of Jackson, Voda Mullen of Koscuisko, and Linda Rocky Hill Baptist Church Cemetery. She had been a member of Stephens of Magee; seven grandchildren and two great-grandchil- that church for 94 years. dren. She was preceded in death by her husband, Elmer Craft. She is survived by a son and daughter, Lonnie Johnson of White Oak and Gladys Baldwin of Laurel, nine grandchildren and 11 greatCarlos Dollar grandchildren.

She was preceded in death by her husband, Frank Johnson, and sons Gatha Johnson, Sam Johnson and Delton Johnson. Carlos Dollar, 92, retired, of Magee died of heart failure at Magee 86 General Hospital on January 3, 2001. He was of the Presbyterian Annie Mae Neely faith. Services were held January 6 at Mims Mitchell Chapel. Interment Annie Mae Neely, 89, homemaker, of Braxton died of pneumonia was in Pine Grove Cemetery.

on January 4, 2001 at Simpson General Hospital. She was a memMr. Dollar is survived by four sons, Hershel Dollar of ber of First Baptist Church of Braxton. Chattanooga, Ray Dollar of Lake Jackson, Douglas Services were held January 6 at Colonial Chapel Funeral Home Dollar of Starkville and Mark Dollar of Magee; a daughter, Carolyn Chapel with burial in Braxton City Cemetery. Making the most of your IRA in re retirement by Gary N.

Garner, after retirement. If you've ance all at once keeps you from ation calls for making steady financial advisor already entered the year in which converting to a Roth IRA, keep withdrawals over time, or allowyou turn you can't escape in mind you can convert to a ing the funds to grow taxThe popularity of the individ- your first, mandatory withdrawal Roth gradually, over a number of deferred. ual retirement account (IRA) as a from a traditional IRA, but you years. Because you'll want to No matter what type of IRA retirement savings tool has may be able to convert the ensure that the income taxes you own, be sure your beneficiareached unparalleled heights in remainder of your traditional you'll pay now don't potentially ry designations are in accord recent years. In fact, according to IRA into a Roth IRA.

outweigh potential future earn- with your will or other estatea recent estimate by the Do you want to pass your IRA ings, consult with your tax advi- planning documents. IRA beneWashington, D.C. based on to your heirs? If you intend to sor for guidance on your specific ficiary designations supersede Employee Benefit Research leave the money in your IRA to situation. estate planning documents, so be Institute (EBRI), Americans had your heirs, you may want to con- Plan Your Withdrawals sure your beneficiaries match. invested $2.4 trillion in IRAs as sider converting to a Roth IRA, Carefully Turn to a Professional of year-end 1999.

since the distributions to your Deciding when to begin with- Because the rules governing Based on their total dollar vol- heirs will not be income taxable. drawing from your IRA and who IRAs are complex, you may ume, as well as the numerous And, the account will continue to to name as the beneficiary can be want to seek the advice of a proarticles written about funding grow tax-deferred for your bene- important in your overall estate fessional investment advisor, tax them, it's clear that investors ficiaries without requiring you to plan. For example, if your tradi- advisor and estate-planning know how to invest in IRAs. Yet take mandatory withdrawals at tional IRA is sizable, and you attorney when considering all of investors might not know as age make a large withdrawal, you your IRA options. With proper much a about an equally important When considering an IRA con- might save on estate taxes but advice, the plan you've worked a topic: what to do with your IRA version of any kind, be sure to may also incur a large income lifetime to build will be in prime remember that money converted from a traditional IRA to a Roth IRA will be taxed as current income.

If you're close to the top of your tax bracket range, the added income from the IRA could push you into a higher bracket, possibly causing problems beyond just having a higher tax bill. For example, if you have a child in college, the rise in your income caused by an IRA rollover might push you out of allowable limits for student aid. If the prospect of paying taxes on a large traditional IRA bal- Colonial Chapel Upton-Mims Magee, Mendenhall, Taylorsville, Laurel, Forest, Bay Springs Raleigh COLONIAL'S PRE-NEED Peace Of Mind For You Security For Your Loved Ones. 849-5031 847-1733 Service With Quality Dignity Since 1971 JANUARY 11, 2001 tax bite now. It's important to shape when you need it most.

determine if your particular situ- Heritage Oaks Memorial Engraving Death Dates Verses Lettering Done In The Cemetery Over 15 Years Experience fa Ask About Our Low Prices (601) 797-9507 Leave Message Come Worship With Us APOSTOLIC TABERNACLE Hwy 28 Magee, MS 849-5045 Pastor, Gary Meadows what does this word mean to you? Repent means to ask forgiveness, to be sorry for the sins you've committed, to turn away from sin, to change your sinful lifestyle and behavior. In other words, stop doing the things you used to do. We must live a clean and holy life, just like Jesus did. In 1 Corinthians, Chapter Paul tells us "Know ye not that ye are the temple of God, and that the spirit of God dwelleth in you? If any man defile the temple to God, him shall God destroy, for the temple of God is Holy." God's spirit lives within me. It is the Holy Ghost and and we already know God does not lie, so therefore, there's no way I'm going to defile His temple "my body" with sin.

I sure don't want God to destroy me. You know, It's so funny to me now, I used to smoke cigarettes, boy was I defiling by body, but the difference was, God wasn't there. yeah, I enjoyed the pleasures of smoking, the hacking, the coughing, the gagging and the spitting and, oh, yeah, I dont wat to forget the pleasure of not being able to breathe. But the most wonderful thing happened for me. Someone told me about Jesus and I repented of my sins and God cleaned up this old smoke infested body and filled me with the sweet Holy Ghost.

No more do I defile this temple with cigarette smoke. I think the word "Repent "is such a beautiful word. Billie Lack Only $20 To Anyone Who Needs Help But Has Hasn't Been In A Long Time) Dear Friend, If you've ever thought about going to a chiropractor but didn't because you weren't sure it was right for you, please read My name is Dr. Ron Little and I have agreed to "practically give away" (to anyone who asks for it) $100 worth of services for only $20. By this gesture, I'd like to introduce Simpson County residents to the many benefits our profession has to offer.

For instance, chiropractic care may be able to help you if you are suffering from any of the following conditions; Headaches Back Pain Neck Pain Pains In Your Arms Legs Numb Hands Feet Shoulder Pain Muscle Spasms And a whole host of other problems that may be relieved or eliminated by proper chiropractic treatment. For two weeks only, $20 will get you a consultation and X-ray services normally valued $100. (1 area X-ray study valued up to $100) This is what you will An in-depth consultation about your health and X-rays to see what may be causing your pain or Mrs. Neely is survived by a son, Thomas David Neely of Braxton, and a sister, Ruby Lee Frazier of Hazlehurst, four grandchildren and 12 great-grandchildren. She was preceded in death by her husband, M.

A. Neely, and a son, Jerry Clyde Neely. John Day Smith John Day Smith, 74, retired, died of emphysema at his home in Mendenhall on January 7, 2001. He had served in the U. S.

Navy. A memorial service for Mr. Smith will be held Sunday, January 21 from 11:30 a.m. until noon at First Baptist Church, Mendenhall, where he was a member. Survivors include his wife, Gloria Whalnen Smith; a son, John D.

Smith III of Seattle, daughters, Comd. Pam Lanphere of Charleston, S.C. and Mitzi Aiello of Mendenhall; brothers, Pat Smith of Merit Island, Fla. and Jimmy Smith of Mendenhall; and three grandchildren. If you have brought any photographs to The Magee Courier or Simpson County News, you may pick them up after you see them featured in the paper.

Knowledge of the date of the paper is helpful in finding your pictures. Card of Thanks The family of Lillian L. Finch would like to thank everyone for all the phone calls, prayers, visits, food, flowers and contributions made in her memory. A special thanks to Bro. Jerry Sullivan, Bro.

Paul Padgett, Bro. Daniel Lee, Julie Lee and Bro. John David Lockhart for the beautiful service at First Baptist Church. Thanks to the doctors and nurses at Magee General Hospital and to the staff and nurses at Hillcrest. We will miss her greatly but we know she is in her heavenly home and we will see her again.

Whit and Sherrie McCall and family Mike and Lolette Finch and family Take the "ing" out of tax. struggle on your own? Let the professionals help. We understand the latest tax code changes to help get you the most on your return. hrblock.com or 1-800-HRBLOCK BLOCK 115 Maud Ave. Mendenhall 847-4356 Never Been To A Office Now Open surgery.

I then went for 2 weeks of physical therapy. But I was still in pain. What was I to do? I was taking 8 pain pills a day. I couldn't imagine spending the rest of my life like this. I needed help! Three of my friends recommended that I go see Dr.

Ron Little to see if he could help. I had everything to gain. Dr. Little examined me June 15th, took necessary X-rays, read my MRI's, and told me that he thought that he could help. One Week Later, I was nearly pain free, and I was off all pain pills.

I am now pain free and now getting on with my life. I highly recommend Dr. Little if you are experiencing back and leg pain. Bobby Campbell Florence, MS Limited Time Offer Obviously, with an offer like this, I cannot afford to do it for very long. I have extended this offer to January 18th.

If you would like to take me up on my offer, Phone 849- 2010 and ask for the Special Introductory Offer. Sincerely, Dr. Ronald B. Little Little Family Chiropractic Chiropractor In Magee Call Now planning tool. To Convert or Not To Convert If you own a traditional IRA and are at or near retirement, you may be tempted to convert it to a Roth IRA for the Roth's tax-free withdrawal benefits.

Yet doing so may not necessarily be in your best financial interest. Before deciding to convert, ask yourself the following: Do you want to contribute to your IRA beyond age Even though a traditional IRA requires distributions to begin after age you can continue contributing up to $2,000 annually to a Roth IRA at any age, as long as your earned income is at least equal to the amount contributed. This option may be beneficial if you plan on continuing in a part-time job An analysis of your x-rays and spinal exam results so we can see what needs to be done to help relieve your problem. The appointment will not take long at all. And like I said, the normal charge is up to $100.

MEET THE DOCTOR I am from Florence. My chiropractic education was completed at Sherman College in South Carolina where I received the Doctor of Chiropractic Degree. I also have a B.S. Degree from USM and had worked as an Electrical Engineer for a decade at Kennedy Space Center for NASA as well as for the U.S. Air Force.

I have now committed my life to mastering the scientific and comprehensive practice of chiropractic in order to solve the most difficult cases. Does Chiropractic Really Work? Absolutely! Here are some findings from studies done, not by chiropractors, but by orthopedic surgeons and medical schools. Harvard Medical School Health Letter Sept. 1990 treatment of low back pain, which affects 75 million Americans, is superior to the standard regimen administered by the medical doctors, a major British study has concluded. Chiropractic almost certainly confers worthwhile long-term benefit in comparison with hospital outpatient management." said Dr.

T.W. Mead, a British medical doctor who headed the study concluded at 11 hospitals and chiropractic clinics. Federal Medical Study Endorses Chiropractic for Back Pain US Agency for Health Care Policy and Research Dec 8, 1994 A panel of 23 doctors headed by Dr. Stanley Bigos, MD, Professor of Orthopedic Surgery, studied 3,900 medical articles on low back pain. Their conclusions were that "Chiropractor's manipulation of the spine was more helpful than any of the following: traction, massage, biofeedback, acupuncture, injection of steroids into the spine, back corsets, and ultrasound." Surgery was only beneficial out of 1 in 100 cases! Patient Success Stories I had been in constant pain for almost 4 months.

I spent two weeks in the hospital and had been given two epidurals. After running MRI's, my doctors agreed and informed me that I needed surgery, but because of blood clots in my right leg, I could not survive the 849-2010 Magee 845-3114 Florence LIT rU A ILY CHIROPRAL CIC 304 5th Avenue, S.W. Magee, MS 39111 Rail Road Center 3091 Hwy 49 Suite Florence, MS 39073 Magee Hours: Mon, Wed Fri: 8 AM-12 Tues Thurs: 3:00 6:00 PM Medicare, Medicaid, AHS State and Public School Employee, AETNA and most other insurances accepted..