Chester County Food Bank Needs Turkey Donations — Now

Map of Pennsylvania highlighting Chester County

Map of Pennsylvania highlighting Chester County (Photo credit: Wikipedia)

Exton, PA – An anticipated donation of 500 turkeys fell through Friday morning and now Chester County Food Bank is scrambling to collect frozen turkeys by Monday.

“We have families and a number of our food cupboards that are depending on having these turkeys Monday afternoon and we are in need,” said Phoebe Kitson, the Food Bank’s manager for agency and community partnerships.

The Food Bank serves more than 100 organizations in Chester County. The yearly average distribution of turkeys is about 2,000, but this year requests for turkeys increased about 20 percent compared to previous years.

Read more: http://www.dailylocal.com/general-news/20141121/chester-county-food-bank-needs-turkey-donations-now

Killings, Shootings, Crashes Mark Violent Weekend In Philadelphia Area

The weekend in the Philadelphia region was marked by a series of violent incidents, including shootings and car crashes that have left at least eight people dead since Friday night.

The deaths include two fatal shootings in Camden and three in Philadelphia, as well as two deadly traffic accidents in South Jersey and one in Bensalem.

Other violent incidents also added to the weekend mayhem, including the shooting of a Temple University student, two double shootings and a robber who threatened to give his victim AIDS.

In Camden, authorities are investigating two deadly shootings that occurred hours apart Sunday morning.

Read more at http://www.philly.com/philly/news/Killings_shootings_crashes_mark_violent_weekend_in_Philadelphia_area.html#0hUiZaOfGhfvm0Iv.99

Voter Turnout Around 45 Percent, About Average For Governor’s Race, Officials Say

Although nice weather and busy poll stations may have given the impression of above-average voter turnout Tuesday, election officials in Chester, Berks and Montgomery counties indicated it was anything but.

“It was a little lower than it was four years ago,” said Deborah Olivieri, director of the Berks County Office of Voter Services.

“But it’s better than 17 percent,” she said, referring to the anemic voter-turnout in the spring Primary Election.

According to figures posted on their respective websites, voter turnout ranged between a high of 48.2 percent in Montgomery County, where 262,738 votes were cast, to a low of 41 percent in Berks County, where 100,731 votes were case.

Read more: http://www.timesherald.com/general-news/20141106/voter-turnout-around-45-percent-about-average-for-governors-race-officials-say

HOOVER FINANCIAL ADVISORS ADDS TAX SPECIALIST

Malvern, PAJohnFureyHoverAssociates2014-0009-1, recently joined Hoover Financial Advisors as a senior tax advisor. His appointment was announced by Peter K. Hoover, CFP, president and HFA founder. “We are delighted to have someone with such impressive credentials on our team,” says Hoover. “He is an asset for clients, particularly seniors.”

Furey’s primary duties are to help HFA clients with tax planning and preparation. His expertise concerning executive compensation tax implications, stock options and restricted stock, 401(k), pension plans and employee benefits is essential in guiding clients to financial goals and comfortable retirement. In addition, Furey’s knowledge of the intricacies of incentive programs and deferred compensation is beneficial in the tax planning process. He is a volunteer preparer through the AARP tax aide program. “I enjoyed learning how to apply HFA’s state-of-the-art software to my job. I first came here as a seasonal tax preparer and it evolved into an exciting and challenging year ‘round position,” concludes Furey.

Furey was an executive for Campbell Soup Company for more than 25 years. He served as vice president and corporate secretary for 18 years and received Campbell’s prestigious Influence with Honor leadership award. He holds a bachelor’s of science degree in business administration from Villanova University. He earned a doctor of jurisprudence and master of laws in taxation from Villanova, as well. Furey and his wife Jill reside in Villanova.

HFA, which is headquartered on Moores Road in Malvern, was launched in 2005 by Hoover, who has been an independent financial advisor for more than 30 years.  Since its inception, HFA has tripled in size. Employees include client relationship managers, financial planners, insurance and tax specialists, investment analyst and an information services manager. Two years ago, HFA was selected as 2012 Small Business of the Year by Chester County Chamber of Business & Industry. For more information, visit its website at www.petehoover.com or call 610.651.2777. To reach Furey, call the tax department at 610.651.2777 (Ext. 123).

West Chester Chili Cookoff Shares More Than 70 Recipes With Patrons

Map of Pennsylvania highlighting Chester County

Map of Pennsylvania highlighting Chester County (Photo credit: Wikipedia)

West Chester, PA On a chilly fall day, residents warmed up in the borough with hot peppers for the 12th year in a row during the Rotary Club’s Chili Cookoff.

More than 70 chili recipes were shared with thousands of patrons on Gay Street Sunday in an effort to raise more than last year’s $50,000 to support 14 local nonprofits.

Among the dozens of recipes shared at the festival were some crowd favorites, like those of the Habanero Brothers.

The brothers, who have been coming to the event for the past 10 years, compete in Pennsylvania, New Jersey and New York, for chances to show off their varying recipes.

Roadwork Planned On Routes 100, 422

Drivers relying on Route 100 or 422 to get around next week should plan some extra time for their commute.

According to the Pennsylvania Department of Transportation, Route 100 North will be reduced to one lane between Worthington Road and Route 113 in Uwchlan from 9 a.m. to 3 p.m. Oct. 13-17. The lane closure is due to road widening in the area and is part of a $17.4 million project to add a lane to the highway in each direction.

PennDOT said slowdowns will occur when traffic is restricted to one lane during construction. The contractor’s schedule is weather dependent.

Read more: http://www.pottsmerc.com/general-news/20141010/roadwork-planned-on-route-100-422

Amid Ridership Surge, SEPTA Trains Are Packed

English: personal photo

English: personal photo (Photo credit: Wikipedia)

SEPTA is shuffling equipment and workers to try to deal with chronic crowding problems on Regional Rail trains, as ridership rises and old cars and locomotives break down more frequently.

Even the 120 new Silverliner V cars that have arrived since 2010 to replace 73 old cars have not solved the overcrowding issue.

About 15 percent of SEPTA’s rail cars are out of service on any given day, while passenger counts are up 4 percent from last year and 50 percent from 15 years ago.

“The trains are so full that it’s even hard to find room to stand,” said Katrina Claghorn, a dietitian who commutes daily from Wayne to 30th Street Station. “It started getting bad over the summer, and now the trains are packed when they pull into 30th Street Station on the Paoli line.”

Read more at http://www.philly.com/philly/business/transportation/20141009_Amid_ridership_surge__SEPTA_shuffles_workers__trains_to_ease_crowding.html#WCQjedUsbj5PMw5Y.99

Philadelphia Archdiocese Sells Delco Property, 2 Others For $56.2M

The Archdiocese of Philadelphia on Thursday announced the sale of three suburban properties for $56.2 million and said it will use the proceeds to help plug gaps in its balance sheet.

In addition to the previously reported sale of a 200-plus-acre property in Delaware County to Jenkintown-based Goodman Properties for $47 million, the Archdiocese said that it had an agreement to sell a 454-acre property in Northampton County for $5.5 million, and that it had sold 55 acres in Chester County for $3.7 million.

The $3.7 million from the sale of excess land at the St. John Vianney Center in Downingtown, a behavioral-health center for clergy and woman religious, was deposited into the archdiocesan priests’ pension fund, which previously had a $76.3 million deficit. The buyer was Woodbine Partners L.P.

Read more at http://www.philly.com/philly/business/20141003_Archdiocese_sells_Delco_property__2_others_for__56_2M.html#85J5QPF07OFiZsCw.99

HOOVER FINANCIAL ADVISORS DESIGNATES OCTOBER FUNDS FOR FOOD MONTH TO BENEFIT CHESTER COUNTY FOOD BANK

petehoovernewheadshot (1)Malvern, PAWe all know that wonderful feeling of satisfaction when we see our seasonal tables laden with delicious food,” says Pete Hoover, president of Hoover Financial Advisors, P.C. “My mouth waters just thinking about holiday turkey, ham, cranberry sauce, yams, a bounty of vegetables and an array of tantalizing desserts. We are very blessed, but many folks in America and even Chester County are not so fortunate. Some 70,000 people in our area are food insecure and rely on the good will of others for help.”

This concern by Hoover and his staff prompted them to adopt the local food bank as its charity of record. Earlier this year, the HFA staff spent a day at its distribution center packing produce. Chester County Food Bank, which was founded in 2009, is comprised of a network of 90 food cupboards and feeding sites. In the past two years, it has distributed 1, 717, 689 pounds of food; of that total, fresh produce amounted to 432, 763 pounds. In addition, there is a children’s backpack program.

The financial planning firm has designated October as HFA Funds for Food Month. “This means that throughout October, we will collect money to support Chester County Food Bank and its many programs, including the Community, the Classroom and the Cafeteria, which increases equitable access to fresh healthy food for school children,” explains Hoover. “Last year, we raised $8,600 during our fall campaign, an increase of $3,100 over 2012. Our goal was $7,500 and we were delighted to go beyond our target objective. We are hoping to bring in $10,000 for the Food Bank this fall. Contributions from organizations and individuals have helped the Food Bank increase distribution by 119 percent providing the equivalent of 1.7 million meals since 2011”, concludes Hoover.

To participate in HFA Funds for Food Month: Send or drop off a check made out to Chester County Food Bank to HFA’s office at 112 Moores Road, Malvern, PA. (For each dollar donated, the food bank can provide four meals or five pounds of food.)

HFA, which is headquartered on Moores Road in Malvern, was launched in 2005 by Hoover, who has been an independent financial advisor for more than 30 years.  Since its inception, HFA has quadrupled in size. Employees include client relationship managers, financial planners, insurance and tax specialists, investment analyst and an information services manager.  HFA selected as 2012 Small Business of the Year by Chester County Chamber of Business & Industry. For more information, visit its website at petehoover.com or call 610.651.2777. To learn about Chester County Food Bank, call 610.873.6000 or go to http://www.chestercountyfoodbank.org.

Why Philly Area Gets Slighted By ‘Best Places’ List

Two of Philadelphia’s bigger burbs got mentions in Money Magazine’s annually perplexing exercise titled “Best Places to Live.”

If that seems disappointing, know this: The fault lies not in ourselves. It’s a very limited list.

Overall, Bensalem, ranked at No. 43, was the only area municipality to make Money’s Top 50, which was led by not-exactly-famous McKinney, Texas; Maple Grove, Minn.; and Carmel, Ind., in that order.

Money lauded Bensalem’s “access to stunning state parks” and such leisure options as concerts at the TD Bank Amphitheater, gambling and racing at the Parx Casino and Racetrack, and shooting at the Philadelphia Gun Club, noting “the local job market benefits from the presence of Fortune 1000 company Charming Shoppes as well as Ibanez Guitars and Tama Drums.”

Read more at http://www.philly.com/philly/blogs/phillylists/Local-town-No-2-for-Best-Places-to-Be-Rich-and-Single.html#7eG0vfTvDgxtwcMI.99

HOOVER FINANCIAL ADVISORS STAFF VOLUNTEERS AT CHESTER COUNTY FOOD BANK

Shown left to right at the Food Bank warehouse are: Gail Coxe; Kelly Hoover; Phil Gagliardi; Carol Olver; Pete Hoover; Jerry Fahey; Beth Hoover; and Tim Curvan.

Shown left to right at the Food Bank warehouse are: Gail Coxe; Kelly Hoover; Phil Gagliardi; Carol Olver; Pete Hoover; Jerry Fahey; Beth Hoover; and Tim Curvan.

It was a wonderful day for the Hoover Financial Advisors staff. Employees donated a day of service to work at the Food Bank’s new location on Pennsylvania Drive in Exton. Splitting into two shifts, the group repackaged vegetable, including onions, lettuce, beets, celery and cabbage. HFA adopted Chester County Food Bank as its charity of record last year. The Malvern-based financial planning company will hold a fundraising campaign this fall.

“Hoover Financial Advisors is a terrific asset to the efforts of the Chester County Food through its support in three-fold giving with food donations, monetary support and volunteering,” says Phoebe Kitson-Davis, manager for Agency and Community Partnerships. “HFA has hosted fund drives amongst its clients to strengthen giving for the Food Bank, packed food boxes in our warehouse, helped in our farm fields and held food drives. We are very appreciative. Hoover Financial Advisors is a true ambassador of the Chester County Food Bank.”

Flute Haven Native Flute School September 7-14, 2014

Lynne MillerWe believe that expressing yourself through music is as natural a means of communication as speaking, and often more joyful and healthy. The Flute Haven Native Flute School is an intensive workshop for people who play (or wish to play) the Native American Flute. It is a chance to deepen our experience with our music in general, and Native Flutes in particular. There will also be classes in drumming and singing. Come for a week or weekend.    For additional information and to register:   Visit our website

Schuylkill River Trail Extensions Will Connect Pottstown, Phoenixville

POTTSTOWN — It’s a simple truth, one that Kurt Zwikl repeats often: the longer a trail, the more people it attracts.

So perhaps that’s why as executive director of the Schuylkill River Heritage Association, he is so excited about the nearly $10 million of work being planned for his trail along the Schuylkill River.

Listed among hundreds of projects approved for funding in Pennsylvania and New Jersey by the Delaware Valley Regional Planning Commission, two relatively little items in Chester County are big news in terms of the Schuylkill River Trail.

Though small, they form crucial connections between two completed portions of the trail — from Mont Clare to Phoenixville and from Parker Ford to Pottstown.

Read more: http://www.pottsmerc.com/general-news/20140801/schuylkill-river-trail-extensions-will-connect-pottstown-phoenixville

$500M In Transportation Projects Listed In Montgomery, Chester Counties

Map of Pennsylvania highlighting Montgomery County

Map of Pennsylvania highlighting Montgomery County (Photo credit: Wikipedia)

Plans to spend more than $500 million in the next 10 years on transportation projects in the Chester and Montgomery county areas around Pottstown will move forward thanks to the approval of the Delaware Valley Regional Planning Commission.

The planning agency for the nine-county region around Philadelphia announced Thursday that it has added an additional $10.5 billion worth of work to its list of projects through 2040 as the result of the passage of last year’s transportation bill.

Locally, the list of projects includes the replacement of the Keim Street Bridge, major repairs and bridge replacements on Route 422 from Royersford to the Berks County line, as well as connections on the Schuylkill River Trail between Pottstown and Parker Ford.

Read more: http://www.pottsmerc.com/general-news/20140729/500m-in-transportation-projects-listed-in-montgomery-chester-counties

Hoover Financial Advisors’ Philip Gagliardi Earns Prestigious Destination

Philip A. Gagliardi

Philip A. Gagliardi

Malvern, PA – Philip A. Gagliardi, a planner with Hoover Financial Advisors HFA), recently became one of only 350 individuals in the U.S. to earn the Certified Portfolio Manager® designation. This prestigious program is presented by the Academy of Certified Portfolio Managers and was completed at Columbia University in New York.

The designation, which was created five years ago, is the first of its kind for portfolio managers. To qualify, Gagliardi successfully fulfilled course studies in advanced concepts of Fundamental Analysis, Option Valuation, Foreign Currency Exchange, Credit Default Swap Strategy and Valuation Analytics. He and other designees explored cutting-edge issues in finance and investing with internationally recognized Columbia professors. The program was developed to meet a missing need among money managers enabling them to achieve the highest level of expertise in all facets in an ever-changing global economy.

Gagliardi joined HFA in 2011. Prior to that, he was a trust officer with Charles Schwab Bank in Wilmington, Delaware. Before that he held a similar position with Wachovia Bank in Wilmington. He holds a master’s degree in taxation and financial planning from Widener University, Chester. His Bachelor of Science degree from Cabrini College is in accounting.

“I am now better able to enhance portfolio models for our clients,” says Gagliardi. “The CPM program expanded my practical and pragmatic skills through in-depth theory and insight.” “We are very proud of Phil,” adds Peter K. Hoover, CFP, founder of HFA. “Achieving such a high-level designation is an excellent asset to the firm. Phil’s dedication to serving our clients is evident and testament to his commitment to the industry, as well.”

HFA, which is headquartered on Moores Road in Malvern, was launched in 2005 by Hoover, who has been an independent financial advisor for more than 30 years.  Since its inception, HFA has more than tripled in size. Employees include client relationship managers, financial planners, insurance and tax specialists, investment analyst and an information services manager.  HFA selected as 2012 Small Business of the Year by Chester County Chamber of Business & Industry. For more information, visit its website at http://www.petehoover.com or call 610.651.2777.

SEPTA Regional Rail Strike Begins; Corbett To Seek Federal Help

SEPTA logo with text

SEPTA logo with text (Photo credit: Wikipedia)

SEPTA railroad engineers and electrical workers went on strike early Saturday, halting commuter rail service in the Philadelphia region, after last-ditch efforts by federal mediators failed to break an impasse in the long-running labor dispute.

The strike shut down 13 Regional Rail lines that provide 60,000 passengers with 126,000 rides on a typical weekday. That promised to snarl already clogged highways with additional cars and to hamper commuters and their employers throughout the region.

Service on SEPTA’s buses, subways, trolleys and the Norristown High-Speed Line – which carry about 85 percent of SEPTA’s riders – were not affected.

Gov. Corbett was prepared to ask President Obama to quickly appoint a presidential emergency board to mediate the rail labor dispute. Under federal railroad law, the creation of such a board would compel the workers to return to the job for 240 days.

Read more at http://www.philly.com/philly/business/transportation/20140614_Last-ditch_talks_pending_as_Regional_Rail_strike_looms.html#v26c8poq4F1xhoJB.99

DA Announces Chester County’s Biggest Ever Drug Bust

Map of Pennsylvania highlighting Chester County

Map of Pennsylvania highlighting Chester County (Photo credit: Wikipedia)

WEST CHESTER, PA — Law enforcement officials gathered at the Chester County District Attorney’s Office Wednesday to announce dozens ofarrests in what officials called the largest drug ring prosecution in the county’s history.

Forty-four people were arrested and 12 more are wanted on outstanding warrants in what authorities dubbed “Operation Telaraña,” a year-long multi-agency probe targeting a major cocaine trafficking network with ties to a dangerous Mexican drug cartel.

Chester County District Attorney Tom Hogan led a press conference Wednesday morning that included members of local police departments, state police, a regional drug enforcement task force, and federal agentsfrom the Drug Enforcement Administration.

Salvadore Lemus, 65, was arrested on May 1 after a lengthy investigation identified him as the leader of a major cocaine trafficking network with ties to a violent Mexican drug cartel, according to police. Authorities said his 23-year-old son, Francisco Lemus, acted as Lemus’ lieutenant. A nephew, Mario Hernandez Garcia, was also arrested.

Read more: http://www.dailylocal.com/general-news/20140528/photo-gallery-da-announces-countys-biggest-ever-drug-bust

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PROTECTING HEIRS REQUIRES PRUDENT PLANNING

petehoovernewheadshotMalvern, PA – Recently, a profusion of Internet and print articles proclaimed problems with the will of Philip Seymour Hoffman, who died in February. The late actor’s estimated net worth at the time of his death was $35 million. A tax exemption on the first $5.34 million is provided by federal law. However, a tax of up to 40 percent can be levied against the excess.

One of many other glitches involves Hoffman’s three children. When the will was signed in 2004, he had one son. Thus, his daughters are not mentioned in the will, which leaves everything to his companion Marianne O’Donnell, the children’s mother. A Trust is provided for their son, but nothing is allocated to the girls. The family resided in New York and the state allows only a $1 million exemption. Thus, New York can tax O’Donnell up to 16 percent on assets left to non-spouses. A total of more than $15.1 million in combined state taxes was reported in an article in Forbes. Without a marital deduction, O’Donnell’s assets could be taxed again upon her death.

Last year, news sources stated that $30 million of actor James Gandolfini’s $70 million estate would be eaten up in state and federal taxes. Subsequent reports clarifying the earlier claim indicated this was unlikely to happen.

Peter K. Hoover, CFP, is intrigued with all these reports and sees essential value in alerting people to potential disaster if proper measures aren’t in place concerning estates and beneficiaries. “If ownership, beneficiaries and implementation of assets are not worded correctly, the Trust outcome will not work as intended by the testator. One way Hoffman (or anyone) could have prevented financial crises for his heirs was by adding one or two sentences to the will to provide for future children,” he notes.

“I believe that Gandolfini had an irrevocable Trust, which is tax free,” continues Hoover. “However, there are many misconceptions that can cause estate problems for heirs. To simplify, think of an estate as moving parts that must work together.

“For example, if a married couple prepare their wills when they are relatively young and name children beneficiaries of a sizable estate, it would seem there would be no issues. But say both parents die unexpectedly a few years later and the kids are under the age of majority. A court guardian may have to be appointed and fights over the estate could ensue, disrupting the family and perhaps denying one or more children the inheritance wished for them. To prevent this, children’s estate assets can be directed toward a Trust until they reach specified ages; a Trustee could be named to administer this Trust.”

Hoover suggests another possible inheritance problem prevalent in divorce situations. “If someone re-marries and immediately revises his will naming his new wife beneficiary, one would assume she would receive the estate. Not so, if all insurance and retirement beneficiaries are not updated, as well. Because a beneficiary supersedes the will, the former spouse could get nearly everything. This is because insurance policies, 401Ks and IRAs were not changed when the will was drawn up. These are only two of many situations that could be prevented with proper planning.”

Hoover notes that other stumbling blocks to a smooth estate execution include tax law changes, improper signatory or power of attorney, even lifestyle modifications. “An individual’s estate should be carefully structured and then reviewed on a regular basis. In short, planning today provides peace of mind for heirs tomorrow.”

HFA, which is headquartered on Moores Road in Malvern, was launched in 2005 by Hoover, who has been an independent financial advisor for more than 30 years. Since its inception, HFA has more than tripled in size. Employees include client relationship managers, financial planners, insurance and tax specialists, investment analyst and an information services manager. HFA selected as 2012 Small Business of the Year by Chester County Chamber of Business & Industry. For more information, visit its website at http://www.petehoover.com or call 610.651.2777.

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Gains And Losses In Philadelphia Region’s Population

A number of communities in the region’s Pennsylvania suburbs, notably in Chester and Montgomery Counties, grew substantially between April 2010 and July 2013, Census Bureau population estimates released Thursday show.

In Chester County, there were noteworthy upticks in municipalities such as Malvern, West Chester, East Brandywine, and West Goshen, and the same was true in Chester/Delaware County border towns such as Bethel and Chadds Ford. In central Montgomery County, Upper Hanover, Towamencin, and Salford were among the burgeoning towns.

Meanwhile, Philadelphia remained the fifth-largest U.S. city, with a population estimated at 1.553 million through July 2013, an increase of just over 27,000 from April 2010. It was the seventh year in a row of population growth, the census data showed.

(Population estimates for neighborhoods within the city limits will not be available until December.)

Read more at http://www.philly.com/philly/business/20140523_Gains_and_losses_in_Phila__region_s_population.html#MHpPEge1UgkCE6DR.99

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