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Parade of Homes is here!

This is it! The Catawba/Marblehead Parade of Homes is this coming weekend. Be sure to check out our 40-page special section inserted into this week’s Beacon for all the particulars. Extra copies will be available at the Lake Erie Shores and Islands Visitor’s Center and at Bassett’s Market. It all kicks off Thursday night at the Crow’s Nest on Ohio 269 N. on Marblehead from 6 to 8 p.m. There will be a special wine tasting and lots of hors d’oeuvres. Tickets are $20 and will be available at the door. We have a tremendous group of developments in our area that will have some fantastic condos, villas, etc. on display. Hours of the tour are 11 a.m. to 4 p.m. on Saturday and noon to 4 on Sunday.

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Locals among top performers in Mills Trophy Race

We had a lot of local folks as well as folks with local ties perform well in last weekend’s Mills Trophy Yacht Race. Jim Fredericks and his crew got first place in the multi hull class sailing Big Storm. My nephew Chip Schaffner was tactician aboard the J-122 First Tracks took first in class and second overall on the long course —72 miles. Dave Caracci of Catawba sailed his 24-foot Cracker Jack to first place in JAM D. Also Rob Kyle, a member of Port Clinton Yacht Club, sailed Sally Jo to second place in his class.

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Faith United Methodist Flea Market June 23

Another correction!!! We apologize for giving you the wrong date for the Faith United Methodist Women’s Group’s Fabulous Flea Market, Artists and Crafters Show at Port Clinton’s City Park. It will be held from 9John Schaffner a.m. to 4 p.m. Saturday, June 23, not on Tuesday, July 31, as we reported. They are looking for Flea Market and Garage Sale Vendors. If you are interested, call Stacy at 419-635-2257. For me to make two mistakes in two weeks is unheard of!!! I usually only make one or two a year!!!

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The demise of the estate tax

An estate tax is a tax levied for the honor of dying. There were only 17 states that levied this tax. This January there will only be 16. Jeff Roth
Effective Jan. 1, 2013, the Ohio Estate Tax is no longer. This tax was one of several reasons why Ohioans would exit the state and establish residency in a non-tax state.  Gov. Kasich vowed to repeal this tax if elected and he has followed through with his promise. This tax was 7 percent of all of a deceased individual’s assets over $338,333. This was the lowest exemption amount in the nation.
It is anticipated that the repeal will entice those couples to return to Ohio. These same couples also moved to a state that has no income tax so it will be interesting to see if the repeal will be enough to have them return.
The reason for the delay in its starting date was to give villages, townships and cities time to correct future budgets reflecting the eliminations of the funds. These entities received eighty percent (80%) of the estate tax revenue. Actually, I am not sure how the municipalities and especially the townships will replace this revenue but there has been very little complaining and it appears that the repeal will stand.

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Redbone Walleye Tournament June 21-22

Correction!!! We gave you the wrong dates for the Ken Landon Family Lake Erie Fishing Classic. It will be held Thursday and Friday, June 21 and 22, not June 14 and 15 as we reported John Schaffnerlast week. It will still be held at Catawba Island Club. It is still a Redbone Walleye Tournament that was started 10 years ago by Susan and Ken Landon to find a cure for Cystic Fibrosis. Susan passed away much too soon last year after a long battle with cancer. The event is one of the biggest on Lake Erie. Angler Boat Entrée Fee is $1,100 (four people). For information, contact Glenda or Len Partin at Jack Bradley Realty, 419-734-5551, or you can visit their website at http://northernOH.cff.org/lakeeriefishing. Once again, when we screw up, I make sure the correction appears prominently!

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529 Plan Can Help

Now that another school year is drawing to a close, your young children are a step closer to the day when they’ll be heading off to college. Of course, as you’re probably aware, higher Gary Cooneducation doesn’t come cheap — and the costs seem to continuously climb. You can help your children — or even your grandchildren — meet these expenses by investing in a 529 plan. And this college savings vehicle offers estate-planning benefits.
As a college funding vehicle, a 529 plan offers some significant benefits. When you contribute to a 529 plan, your earnings accumulate tax free, provided they are used for qualified higher education expenses. (Keep in mind, though, that 529 plan distributions not used for qualified expenses may be subject to federal and state income tax and a 10% IRS penalty.) Furthermore, your 529 plan contributions may be deductible from your state taxes. However, 529 plans vary, so be sure to check with your tax advisor. And the lifetime contribution limits for 529 plans are quite generous; while these limits vary by state, many plans allow contributions well in excess of $200,000. Plus, a 529 plan is flexible: If the child, grandchild or other beneficiary decides against college, you can transfer the unused funds to someone else, tax and penalty free.

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Happy Memorial Day!

It is Memorial Day Weekend and the traffic in our area will be crazy, so just take your time and enjoy the ride if you have to get somewhere, especially in the area close to the Walleye John SchaffnerFestival near downtown Port Clinton. Also, remember what this weekend is REALLY all about. It is about honoring the memories of those who gave the ultimate sacrifice in defense of freedom. Port Clinton’s Memorial Day services begin at 9 a.m. at Port Clinton Yacht Club to honor those who lost their lives at sea. At 10 a.m. the Memorial Day Parade will form at the Middle School and proceed to the newly refurbished Veterans Park on Monroe Street. Lt. Col. Barbara Herrington-Clemens, Garrison Commander at the Camp Perry Training Center, will give the principal address.


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Rally for the Kids!

The Knoll Crest Shopping Center parking lot will be the site for a very special event this Saturday, May 19. It is a Rally for Kids in support of CASA — Court Appointed Special Advocates — and Joyful Connections. There will be gobs of activities for young and old alike. All of the activities for the kids will be free. The Ottawa County Sheriff’s office will be there for child Schaffnerfingerprinting. There will also be a 5K run/walk, a Cornhole Tournament, a sidewalk sale with 20 vendors, basket raffles, food and a Grocery Run Raffle for a 3-minute shopping spree at Bassett’s Market. So, make it a point to stop by and join in the fun this Saturday.

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Conestoga group holds first potluck of the season

One of Port Clinton’s top success stories is the Conestoga Neighborhood on the City’s east end. Since the neighbors joined together to make that part of Port Clinton a better place, crime rates and police calls have dropped dramatically. The first meeting/potluck of the year for the group will be from 5:30 to 7 p.m. tonight (Thursday, May 10). The meeting will be held at John Schaffnerthe Lakeview Park shelter house. Mayor Vince Leone will be the featured speaker and Charlene Watkins from WSOS will also be on hand to discuss the Chip Program.

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Think long-term this Mother’s Day

If you’re a mother, you’ll probably get some nice cards and flowers on Mother’s Day. But of course, your greatest gifts are your children themselves. And since you want to see them Gary Coonhappy and financially secure, perhaps you can use this Mother’s Day as an opportunity to consider ways to help your children at various stages of their lives.
So, let’s take a look at steps you can take:

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