Dear Savvy Living,

What tips and resources can you recommend to folks interested in retiring abroad? My wife and I will be retiring next year and are intrigued with the idea of living in a foreign country. What can you tell us?

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VisionsVisionsVisionsVisionsVisionsVisionsVisionsVisionsVisionsVisionsAn Estate And Charitable Planning Guide

www.chomplegacy.org • 831-625-4506www.chomplegacy.org • 831-625-4506

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Savvy Living is written by Jim Miller, a regular contributor to the NBC Today Show and author of “The Savvy Senior.” The articles are offered as a helpful and informative service to our friends and may not always reflect this organization’s official position on some topics.

Researching ToolsYou can find lots of information and articles on the countries and cities you’re interested in retiring to at websites like International Living (internationalliving.com), Escape Artist (escapeartist.com) and AngloINFO (angloinfo.com). International Living even offers a short quiz you can take and help you discover your ideal overseas retirement location.

There are also some great books on this topic like “How to Retire Overseas: Everything You Need to Know to Live Well (for Less) Abroad” by Kathleen Peddicord, and “Retirement Without Borders” by Barry Golson. These books and others like it are available in book stores nationwide, online and at the local public library.

Another good tip is to talk or network with some expatriates who have already made the move you’re thinking about making. They can give you tips and suggestions, as well as the advantages and disadvantages and day-to-day reality of living in a particular country. Some popular sites to finding expat resources are expatexchange.com and expatforum.com. Here are some other areas you need to investigate.

Cost of living: See numbeo.com and xpatulator.com for a country-by-country cost of living comparison.

Safety and stability: The U.S. State

Department offers fact sheets on 200 countries (see state.gov/r/pa/ei/bgn).

Weather: Use worldclimate.com to get weather information on cities around the world.

Taxes: No matter what foreign country you decide to retire in, as long as you’re a U.S. citizen you still have to pay U.S. taxes. For details see the IRS publication 54, “Tax Guide for U.S. Citizens and Resident Aliens Abroad,” at irs.gov/pub/irs-pdf/p54.pdf, or call 800-829-3676 and ask them to mail you a copy.

Health care: Medicare does not cover retirees outside the U.S. Contact the embassy or consulate (see usembassy.state.gov) of your destination country to see how you can be covered as a foreign resident. Many countries provide good, inexpensive government-sponsored health care. Outfits like the Association of Americans Resident Overseas (aaro.org), April Medibroker (medibroker.com) and Bupa International (bupa-intl.com) offer or broker affordable health plans.

Social Security: No worries, you can receive your monthly Social Security benefits almost anywhere you live around the world. To learn more, see ssa.gov/pubs/10137.pdf.

Test run: Be sure you visit your destination multiple times during different seasons to be certain you’re happy with your choice.

Than

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Call us at831-625-4506to get your freeWills Guide and

Advanced Healthcare Directive

It’s what wise people

know and everyone else

can’t believe — when you

give money away

you get more in return.

Saving On Taxes: Prosper Now and in

the FutureEveryone is looking for a way to save or invest for the

future. Did you know that you can enjoy the benefits of a charitable gift, whether you are of modest or considerable means? A gift of any size benefits our hospital’s programs and services and helps your income and tax situation at the same time.

Have your stock returns declined or remained flat? Is your real estate still under value? Are your CDs not performing the way you anticipated? Then you owe it to yourself to learn more about charitable planning options with tax and income benefits. There are many ways that you can make a gift and enjoy benefits such as these:

Receive income paid at an attractive rate for your life and your spouse’s life.

Eliminate or reduce capital gains tax on the sale of your appreciated assets.

Receive an income tax deduction this year and enjoy tax savings in future years.

Help further the good work of Community Hospital Foundation and our mission for many years.

Please contact Community Hospital Foundation or visit our website to request a free personal illustration with your personalized benefits. With a little knowledge you can plan to prosper this year and in the future!

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FIND LIFETIME

SECURITY WITH YOUR

HOME

REMAIN LIVING IN YOUR HOME

Are you looking for a way to remain living in your home long-term and also make a charitable gift? A charitable life estate is an easy way for you to accomplish your goals. You deed your home to Community Hospital Foundation and include a provision in the deed that permits you to make use of and live in your home for the rest of your life. In the future, we will use the cash proceeds from the sale of your home to continue our mission.

Discover the benefits of charitable planning with your personal residence.

RECEIVE INCOME FOR YOUR LIFETIME

If you are also looking for ways to increase your future income, you might consider a charitable gift annuity with a life estate. You can remain living in your home and receive income for life. The gift annuity will pay you (and a loved one) fixed income for the rest of your life at a rate based on your age(s). Check with us to see how high your income could be and also ask about the possibility of receiving tax-free payments.

SAVE ON TAXES THIS YEAR

An added benefit of a charitable life estate and gift annuity arrangement is the charitable deduction you will receive when you create your plan. The income tax deduction could provide valuable tax savings to you and offset some or all of your taxes this year.

Life Estate

Life Use

Home

CHOMP

Life Estate Reserved

Tax Deduction and Lifetime Payouts

HIDDEN TREASURE OR DELAYED

DISAPPOINTMENT?

For many of us our greatest asset, apart from perhaps our home, is our IRA or other retirement plan. While most people would like to care for family members after they are gone, the problem with giving your unspent retirement savings to your family (other than your surviving spouse) is that the majority of your savings will be taxed. First, your estate will pay tax on the asset and then your family members will pay tax at their ordinary income rate resulting in very little of your remaining money actually going to your family.

The better solution is to give your family the assets that step-up in basis at death such as stock and real estate. Unlike your retirement assets, these assets may be received and sold by your family without paying any tax. If you are looking for ways to save on estate tax, your retirement assets actually make a better gift to charity. This is because a charitable organization like ours can receive the entire asset tax-free and make use of it to further our mission.

Thinking of Making an Outright Bequest?Suggested language for your will or trust:

“I give, devise and bequeath to the Board of Trustees of Community Hospital Foundation, a California nonprofit corporation located in Monterey, CA, all assets herein described. This gift shall be used for (purpose).”

For other examples, please call the Development office at (831) 625-4506Community Hospital FoundationTax I.D. #94-2789696

As part of the fiscal cliff law, Congress reauthorized the IRA rollover for 2013. This means that if you are 70½ or older you can make a charitable gift of up to $100,000 from your IRA. Your gift will qualify for your 2013 required minimum distribution and you will not have to pay federal income tax on the amount given from your IRA to charity.

To make an IRA rollover gift, simply contact your custodian and request that an amount be transferred to us. Your gift could be $1,000, $10,000, $50,000 or even $100,000. Contact us to learn more about how you can redirect unneeded IRA income to charity, help further our mission and enjoy valuable tax savings this year.

HOW TO MAKEAN IRA ROLLOVERGIFT TO US

WHAT IS AN IRAROLLOVER GIFT?

REDUCE YOUR2013 TAXES

WITH AN IRA GIFT

DID YOU KNOW... that you can reduce your taxes for 2013 by making a gift from your IRA to charity? An IRA rollover is a simple and easy way for you to

use your IRA to help us fulfill our mission.

Grace was a registered nurse and a volunteer for her favorite charity. During her working years, Grace’s IRA had grown substantially and she had almost $450,000 in her IRA ac-count. Since Grace’s income meets her needs, she decided to make a gift of $2,000 from her IRA to her favorite charity. Grace called her custodian and requested a transfer of $2,000. It was easy for Grace to make the gift and she liked the fact that she could help her favorite charity without increasing her taxes.

EASY IRA GIFT

RETIREMENT ASSETS FOR LIFE INCOME You can make a gift to Community Hospital Foundation after your passing and care for your loved ones by creating a testamentary charitable remainder unitrust funded with your retirement assets. You can actually put this plan into motion now by creating the trust and making the trustee the beneficiary of your retirement funds. At your death, the trust will be funded and begin paying income to your loved ones. Your estate will benefit from an estate tax charitable deduction and you will have the satisfaction of knowing that your family and charity are well cared for.

BEQUEST OF RETIREMENT ASSETS Perhaps the easiest way to make a gift of your retirement assets through your estate is with a bequest. Your attorney can help you include language in your will or trust directing that a gift be made to us. The benefit is twofold. Your estate will receive a charitable deduction to help offset estate taxes and you will be happy knowing your gift will enable us to continue our work into the future.