Arts and More | ||||||||||||||||||||
Mountain Views News, Sierra Madre Edition [Pasadena] Saturday, March 18, 2017 | ||||||||||||||||||||
B2 ARTS & ENTERTAINMENT Mountain Views-News Saturday, March 18, 2017 On the Marquee: Notes from the Sierra MadrePlayhouse BUSINESS NEWS & TRENDS A DYING ART FAMILY MATTERS By Marc Garlett By Artistic Director, Christian Lebano “This is the best show I have ever seen – and I’ve seen a lot,” Third Grader from Sierra Madre Elementary School at a student matinee of A Wrinkle in Time. We opened Wrinkle and have started our run of matinee performances for local students. I attended a performance the other morning and was so happy to see how excited – no, ecstatically, the students were responding to what we had created. In this time of amped-up on-line media, the fact that these young patrons could get excited by a show that demands that they use their imaginations filled me with hope for the future of the art form. And then I saw the recently announced Federal budget proposed by the President. It calls for the elimination of the National Endowment for the Arts and the National Endowment for the Humanities. We have never received grants from either agency – we haven’t even applied, though with our recent achievements and new prestige it was definitely in our plans. This news made me very sad. Sad, because it speaks to a lack of appreciation in our culture for the Arts and our cultural patrimony. Every other developed country supports their arts organizations to a greater extent than we do as Americans. I don’t understand how this neglect and contempt came about. Study after study speaks to the value that the Arts bring to children – how quickly they learn lessons when they are taught through the arts, how test scores go up when an enriched arts curriculum is part of their education, the positive effects it has youth socially. There are many studies that prove that theaters and other arts institutions bring economic advantages to their communities, as well, but I don’t want to rely on the dollar value to make my argument. What constantly surprises me is that the great trove of dramatic literature that America has created is so rarely seen – we have classic plays to rival anything the Europeans or anyone in the world has written. There are very few theaters doing them, however. I wonder if that is because there is so little exposure to these wonderful plays. Plays read are not the same as plays seen. A text for a play was meant to be performed in front of a group of people. Or is it simply because we have not had enough exposure? I created the Field Trip Series to bring theater to young people and convinced the Board to support it. But even though each of the last four plays in the series has been wonderful – we have had low attendance from families. What I thought would be a slam-dunk – providing quality theater for young people once a year has proven to be a money-loser for SMP. And that brings me back to the proposed elimination of the two agencies through which our government, our people, support the arts – to the tune of $1 from every person in the country and the fact that it can be so easily gotten rid of. Having tried to get grants from various sources, I know how hard it is and how much competition there is for the small pot of money. I am despairing a bit today. We have worked so hard over the last few years to make Sierra Madre Playhouse a theater that the local community can be proud of. I’m wondering if we are trying to provide something for which there isn’t a demand? And then I think of that kid and I know that I’m wrong. Now I just have to convince everyone else. The Belle of Amherst opens this weekend and will run in rotating repertory with A Wrinkle in Time until April 23. I look forward to seeing you and the young people in your life (Wrinkle will truly captivate them) in the audiences. For tickets please call Mary in the box office at 626.355.4318 or go to SierraMadrePlayhouse.org. Hope to see you soon! 6 IRA BENEFITS YOUR 401(K) DOESN’T HAVE When it comes to retirement plans, IRAs and 401(k) s provide many of the same benefits. But in certain situations, an IRA can outperform a 401(k). IRAs aren’t right for everyone, so you should become familiar with the advantages IRAs have over 401(k)s before you transfer funds or set up a new account. To help you do this, here are a few benefits you can reap from an IRA which are not available in a 401(k). 1. Qualified Charitable Distributions (QCDs) IRAs allow you to take QCDs and send them directly to the charity without including the distribution amount in your taxable income. This often results in a lower tax bill. You can also use your QCDs to offset your required minimum distribution. 2. Penalty-Free Distribution for Higher Education A 401(k) distribution for higher education expenses will incur both a tax and a penalty. Taking an early IRA distribution to pay for higher education expenses for you or certain family members, however, is penalty-free. 3. Freedom from Distribution Restrictions Opportunities for early distributions of 401(k)s are limited at best. Subject to the plan administrator’s rules as well as the tax code, 401(k)s require a compelling reason such as a hardship, to receive an early distribution. Conversely, IRA distributions are restriction free. You can take an IRA distribution at any time and do not need an approved reason like you would with 401(k)s. 4. Aggregate Required Minimum Distributions (RMD) From Multiple Accounts If you have multiple IRAs, you can aggregate the RMDs for your accounts and then take that amount out of one or any combination of your IRAs. Doing this with your 401(k)s, however, results in steep penalties. 5. No Withholding You can opt-out of tax withholding from an IRA distribution but not with a 401(k) distribution. This is a great benefit for those who end up with little or no tax liability at the end of the year. 6. Self Direction One of the best parts of having an IRA, instead of a 401k, is that you have the most flexibility in how your IRA assets are invested, whereas with a 401k, your investment options are limited to those provided by the 401k Administrator. With an IRA, you can move your entire retirement account into a self-directed IRA account and then invest the money anywhere you want, including in real estate and start-ups. Yes, it’s true! You get to choose. Deciding whether to maintain your retirement account as an IRA or a 401k is an important decision and you should understand the benefits and limitations of both. Relying on generalized information found online is not enough to protect your interests. Guidance from your Personal Family Attorney provides personalized, legal assistance and empowers you to make the very best decisions when planning for retirement and all of life’s other big changes. Dedicated to empowering your family, building your wealth and delivering your legacy, A local attorney and father, Marc Garlett is on a mission to help parents protect what they love most. His office is located at 49 S. Baldwin Ave., Ste. G, Sierra Madre, CA 91024. Schedule an appointment to sit down and talk about ensuring a legacy of love and financial security for your family by calling 626.587.3058 or visit www. NUTS AND BOLTS OF ACTING TECHNIQUE A FOUR MONTH INTENSIVE Sundays, January 15 - May 7 (No class Easter, April 16) 2:00pm - 4:00pm Zydeco Casting Studios 626-355-4572 Nuts and Bolts begins at the beginning and proceeds in a clear and detailed step by step manner... clarifying your understanding of the process of acting... giving you a “tool kit” to own and use... providing you with a solid foundation from which to work. This will always be the most important step an actor can take on the path to a rewarding career. Career Launching Pad ZERO TO SPEED...in 6 weeks LEARN THE PROCESS ..step by step COMMERCIAL AUDITION TECHNIQUES... CAMERA TECHNIQUE... PROFESSIONAL TOOLS... CAREER ADMININSTRATION Be completely ready and... LAUNCH AT THE AGENT SHOWCASE! Can we brag? Over 80% of our graduates have signed with top industry agents. If working as an actor is your goal...this class was designed to meet it! COMMERCIALS A-Z Sundays, January 8 - Febuary 12 5:00pm to 9:00pm Zydeco Casting Studios Call: 626-355-4572 Mountain Views News 80 W Sierra Madre Blvd. No. 327 Sierra Madre, Ca. 91024 Office: 626.355.2737 | ||||||||||||||||||||