Page 8 - Abacoa Community News - December '19

Page 8, Abacoa
17th Annual Feast Of Little Italy

Report and Photos by Penny Sheltz Thousands of residents
The 17th Annual and guests embarked on a
Feast of Little Italy cultural journey filled with
was held at Abacoa on authentic food, music, art
Friday, Saturday, and and tradition, strolling the
Sunday. The three-day streets and enjoying all the
family Italian street vendors from food to home
festival had national furnishings. The Atlantic
entertainment, authentic City Boys performed the
food, festival rides and music of Frankie Valli with
games, free wine and great songs like What a Night, Sherry Baby, Big Girls
cooking demonstrations Don’t Cry, Walk Like a Man, Can’t Take My Eyes Off You,
and lots more. There In the Still of the Night and many more!
was a classic car show
by Southeast Classics. 17th Annual Feast Of Little Italy on page 10
Little Smiles was the
official charity of the
feast. General admission
was $8; children 12 and
under were free.

Philippe Harari performed with Francesca Stallone.

South East Classics

‘Tis The Season To Be Jolly . . .

And Giving!

The end of the year is the best time to assess your You may have a general goal in mind when it comes
financial wellbeing, and to consider your capacity to retirement, but you need a specific plan for effective
for Charitable Giving. As with other aspects of your savings. Reassess your retirement planning goals annually
finances, it’s important for charitable giving to be part and prioritize spending needs based on what will make
of a broader financial plan, this is why we discuss this you happy and comfortable. Create a budget for early,
when applicable during a year-end portfolio review. middle and late retirement, taking into consideration
different expenses for each stage. Don’t fool yourself that
By giving a large amount one year and not the next, life in retirement will be less expensive than now. Did you
you could maximize your itemized deductions in that know that the average cost for health care for a couple in
year and take the new increased standard deduction the retirement is close to $300,000? Don’t you think that health
next year. Some CPAs refer to this as “lumping and care and Long-Term Care is something to plan for? We are
clumping.” Giving appreciated assets in this manner here to help!
is a great way to maximize your charitable giving
deduction, and a donor-advised fund (DAF) could be
used to facilitate that gift.
If you’re 70½ or older, you can donate directly from
your retirement account using a “Qualified Charitable
Distribution.” There are many tools available, designed
NEED A/C? We’ve Got You Covered! for the maximization of charitable giving deductions
that Asset Advisory Services can illuminate, making it
much easier for our clients to understand the benefits
and positive implications of well-timed donations.
As year-end approaches, retirement planning often
“WE SHOW becomes a focus for investors. Year-end planning Crafting financial solutions with insight and integrity since 1980.
discussions address other topics as well, such as required
UP!” minimum distributions (RMDs), beneficiary reviews, We look forward to hearing from you at: 561.747.9550
and Roth IRA conversion strategies. Missing an RMD
to schedule your Complimentary Financial Review
or an aggressive Roth conversion can be quite costly.
This is why we have planning sessions with our clients’
CPAs in order to be pro-active versus reactive.
We work with our Clients to help them Maximize Three Palms Center
their Retirement Savings. 2141 Alt A1A South Suite 310
Contributions to tax-deferred retirement accounts— Jupiter, Florida 33477
such as a 401(k)—reduce your taxable income and
provide tax-deferred growth until retirement. End-of- To learn more about what we can do for you, please visit us at:
year is a good time to re-evaluate your overall savings, www.AssetAdvisoryServices.com
Call Today for a FREE estimate! do a portfolio checkup and determine if you can increase Member FINRA/SIPC, a Registered Investment Adviser. Fixed Insurance products and
Securities and Advisory Services Offered through Commonwealth Financial Network
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561.575.2173 what you’re putting away for retirement. services offered through CES Insurance Agency
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