Page 10 - Jupiter West - July '19

Page 10, Jupiter West
Financial Focus

Fixed Annuity Could You can structure a fixed annuity to pay you for a A fixed annuity’s potential to help you extend the
Help Extend Lifespan Of certain number of years or for your entire lifetime, which lifespan of your IRA and 401(k) can clearly be of value
is the route many people choose. This is advantageous
to you. Still, a fixed annuity does carry some issues about
Retirement Accounts not only because of what it provides you – income for which you should be aware, such as surrender charges
life – but because it also may allow you to take out less for early withdrawals, along with other fees. Also, if you
By Sally Sima Stahl money each year from your other retirement accounts. take withdrawals before you reach 59½, you likely will
It’s almost impossible Here’s some background: Once you turn 70½, you are face a 10 percent penalty. And annuities can have tax
to save too much for required to begin taking withdrawals from your traditional implications, so before you start taking withdrawals, you
retirement. After all, you IRA and your 401(k) or similar employer-sponsored will want to consult your tax advisor.
could spend two, or even retirement plan. (This requirement does not apply to Roth Is a fixed annuity appropriate for you? There’s really
three, decades as a retiree. IRAs.) You must take out a minimum amount, based on no one correct answer because everyone’s situation is
And retirement is not cheap your age and account balance, but you are free to exceed different. However, if you consistently max out your IRA
– even if you maintain a that amount each year. But the more you withdraw from and 401(k) contributions, and you still have money left
relatively modest lifestyle, these accounts, the faster they are likely to be depleted. to invest for retirement, you might want to think about an
some of your expenses, So, when you reach retirement, it’s a good idea to annuity. An income stream you can’t outlive – and that
especially those involving establish an appropriate annual withdrawal rate, based on may help you protect your other retirement accounts – is
health care, may continue your retirement plan balances, Social Security, lifestyle, worth considering.
to rise over the years. Consequently, you will need several longevity expectations and other factors. You may want This article was written by Edward Jones for use by
sources of reliable income – one of which might be a to work with a financial professional to determine a your local Edward Jones financial advisor. Edward Jones,
fixed annuity. withdrawal rate that’s suitable for your needs. its employees and financial advisors cannot provide tax
Fixed annuities are essentially contracts between If you can count on the income from a fixed annuity, or legal advice. You should consult your attorney or
investors and insurance companies. When you purchase you might be able to take out less each year from your qualified tax advisor regarding your situation.
a fixed annuity, the insurer will guarantee the principal traditional IRA and 401(k), giving these accounts more Call me for a free portfolio review at (561) 748-7600,
and a minimum rate of interest. This means the money tax-deferred growth opportunities. Plus, if you don’t Sally Sima Stahl, AAMS, 1851 W. Indiantown Road, Ste.
you invest in a fixed annuity is designed never to drop in withdraw all the money from these accounts during your 106, Jupiter, FL 33458.
value. (However, this guarantee is based on the claims- lifetime, you can include the remainder in your estate
paying ability of the insurer that issues the annuity.) plans.
Northern Notes

Dispose Of Plastic Bags they photodegrade. That means that after sunlight breaks urban environments and creating severe safety hazards.
them down; they degrade, breaking down into smaller
Drainage systems blocked by plastic bags have been
Properly – Not In Waterways and smaller pieces, until it can ultimately enter the food identified as a major cause of flooding in countries like
chain. No one can honestly say they know for sure how India and Bangladesh during monsoon season. More
By O’Neal Bardin Jr., long plastic debris lasts. Estimates range into hundreds locally, plastic bags can get caught and damage aerator
Executive Director, and even thousands of years. motors and storm water pumps. Aerator maintenance
Northern Palm Beach Besides the environmental aspects of plastic bags, costs are higher because of plastic bag debris. Storm
County Improvement they can cause damage to storm water drainage systems. water pumps need to function at optimal levels to provide
District Plastic bags clog storm drains and waterways, threatening proper drainage following rain events and storms. They
Americans use about are critical to many of the storm water systems. If debris
100 billion plastic bags a gets caught in them, they can burn out and not work
year. These include plastic properly when most needed.
grocery, shopping, food If you choose to use plastic bags, please dispose of
storage, yard fertilizer them properly. Do not throw them in the waterways.
and pet waste disposal This not only pertains to shopping bags, but includes
bags. Plastic bags are fertilizer bags, pet waste disposal bags and food storage
so lightweight and bags.
aerodynamic, that even if we dispose of them properly, NPDES tip: Hurricane season began June 1. Make sure
they can escape with the wind. They escape from our your yards and trees are trimmed neatly to avoid flying
trash cans, garbage trucks and landfills and they go debris during a storm. Dispose of your trimmings and
where the wind takes them – into storm drains, canals, clippings properly – do not put them into storm drains
and lakes and eventually the ocean. Plastic bags remain or lakes!
toxic even after they break down. They don’t biodegrade,

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