Page 6 - The Shores of Jupiter - January '24
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Page 6, The Shores
      Volunteer Opportunities Available



      For 2024 ArtiGras Fine Arts Festival



        The ArtiGras Fine Arts Festival, presented by Tampa   Art Competition Committee, Unlimited Auto Wash Club   Art Competition. As a Top-10 fine arts festival recognized
      General Hospital, is calling on the community to join   Information Booth and Hubbard Radio Merchandise Booth.   by Sunshine Artist magazine, ArtiGras offers patrons the
      in creating a spectacular event by offering volunteer     In appreciation of their dedication, volunteers will   chance to meet over 300 top artists from around the world.
      opportunities for the upcoming 2024 festival. With over   receive a complimentary T-shirt, free admission to the
      600 volunteers needed to ensure the seamless execution of   festival on the day of their shift, special parking, and
      this renowned arts festival, individuals aged 13 and older   complimentary food and beverages in the designated
      are invited to register online at www.artigras.org.   volunteer area. Students participating in the volunteering
        “Volunteers are the backbone of ArtiGras. They play a   initiative will also earn community service credit for their
      pivotal role in making sure everyone onsite from the artists   contributed hours.
      to the patrons and everyone in between are enjoying their     For more information on how to become a volunteer for
      experience at ArtiGras,” remarked Noel Martinez, president   ArtiGras and to learn more about the festival, please visit
      and CEO of the Palm Beach North Chamber of Commerce,   www.artigras.org or contact (561) 746-7111.
      the organization that creates the ArtiGras Fine Arts Festival     Tickets are still available for those who want to attend
      each year. “We are seeking volunteers to help us enhance   ArtiGras for the advance price of $15 ($20 at the gate).
      the experience at the Gardens North County District Park     The 39th Annual ArtiGras Fine Arts Festival is scheduled
      for all involved.”                                 for Feb. 17 to 18, at the Gardens North County District
        Volunteers can select from two shifts per day and can   Park on 117th Court North. The festival will showcase
      contribute their time to various areas, including the Amazon   a  juried  exhibition  of  exceptional  fine  art  and  feature
      ArtiKids Zone, Chef Showcase, Artist Relations, Site   live entertainment, a new Culinary Arts Studio, a special   Volunteers at the Information Booth during the ArtiGras
      Operations, Volunteer Committee, Hanley Foundation Youth   Amazon ArtiKids Zone, and the Hanley Foundation Youth   Fine Arts Festival
      Financial Focus                          ®



      Don’t Leave Your IRA To                              The tax and investment issues surrounding inherited IRAs   and in California, New Mexico and Massachusetts through
                                                         can be complex, so consult with your tax and financial advisors
                                                                                                           Edward Jones Insurance Agency of California, L.L.C.; Edward
      The IRS                                            before making any moves. And, as with many areas relating   Jones Insurance Agency of New Mexico, L.L.C.; and Edward
                                                         to inheritances, the sooner you start planning, the better.   Jones Insurance Agency of Massachusetts, L.L.C.
      By Sally Sima Stahl                                  This article was written by Edward Jones for use by     Edward Jones, its employees and financial advisors cannot
        If you’ve invested in an                         your local Edward Jones Financial Advisor, Edward   provide tax advice. You should consult your qualified tax
      IRA for many decades, it may                       Jones, Member SIPC.                               advisor regarding your situation.
      well turn into a key source of                       Edward Jones is a licensed insurance producer in all states     Contact us at (561) 748-7600, Sally Sima Stahl, AAMS,
      income for your retirement.                        and Washington, D.C., through Edward D. Jones & Co., L.P.,   1851 W. Indiantown Road, Ste. 106, Jupiter, FL 33458.
      Still, you might not deplete
      your IRA in your lifetime,
      especially if you also have                            Under
      a pension or a 401(k) and                             ContraCt                          6684 Breezeloch Ct.
      other investment income. So,                                                         Sweeping panoramas of the pool and lake in
      if your IRA still has sizable                                                          this 4 bedroom CBS Rutenberg home.
      assets after your passing, it
      would likely end up in your estate plan. If you leave your IRA
      to grown children or other family members, could they be hit                           18079 Lake Bend Dr.
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        Here’s a little background: Up until the Secure Act of                              This 3-bed, 2-bath pool home boasts a
      2019, those who inherited traditional IRAs could extend their                        captivating lake view. Embrace tranquility
      required withdrawals over their lifetimes, which stretched out                       and schedule your private viewing today!
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      Act changed the provisions for non-spouse beneficiaries who   Your Shores Specialist       questions or needs
      inherited an IRA after 2019, meaning that beneficiaries of
      inherited IRAs had only 10 years (beginning the year after
      death) to withdraw the entire balance. For some beneficiaries,
      this could potentially create a tax burden. (Inheritors of Roth
      IRAs are also required to follow the 10-year distribution rule
      but are not subject to income taxes on account earnings if the
      Roth IRA’s five-year holding period has been met.)
        However, not all beneficiaries were affected by the new
      rules. Spouses can stretch their inherited IRA distributions
      over their lifetimes and exceptions exist for certain non-spouse
      beneficiaries. Minor children of the IRA owner (until the
      age of majority), chronically ill or disabled individuals, and
      beneficiaries who are no more than 10 years younger than the
      IRA owner may opt to stretch their distributions.
        The new 10-year requirement applies to IRAs inherited
      on or after Jan. 1, 2020. But due to confusion over changes
      to required minimum distribution (RMD) rules for some
      beneficiaries of inherited IRAs, the IRS waived penalties for
      individuals who failed to take RMDs in 2021 and 2022 and
      extended the RMD penalty waiver for 2023.
        Although these rulings give beneficiaries – those not eligible
      for the exemptions listed above – more time to plan, they will
      eventually need to start taking RMDs, which could affect their tax
      situations. To help protect your heirs, consider these suggestions.
        • Using permanent life insurance. A properly structured
      permanent life insurance policy could help you replace the
      assets your family might lose to the taxes resulting from an
      inherited IRA. You might even consider naming a charity as
      the beneficiary of an IRA, rather than your family members.
      The charity would receive the IRA proceeds tax free, and the
      life insurance could then provide tax-free benefits to your heirs.
        • Leaving taxable investment accounts to your heirs. Apart
      from your tax-deferred IRA, you may own other, fully taxable
      accounts containing investments such as stocks or bonds.
      Typically, these investments receive what’s known as a “step-
      up” in their cost basis once they are inherited. This means your
      heirs will essentially inherit all the gains your investments
      earned by the time of your passing – but they won’t be taxed
      on these gains if they sell the assets immediately. This type
      of sale could help offset the taxes your heirs will incur from
      the inherited IRA.
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