Page 13 - Jupiter Spotlight - December '19

Jupiter Spotlight, Page 13
Financial Focus

Invest In Your Family And to help send them to college. A college degree is still a pretty good term care, such as an extended stay in a nursing home, could
investment: The average lifetime earnings of a college graduate
you afford it? The average cost for a private room in a nursing
Community are nearly $1 million higher than those of someone with a high home is more than $100,000 per year, according to a study
school degree, according to a study by the U.S. Census Bureau. by Genworth, an insurance company. And Medicare typically
By Sally Sima Stahl To help your children or grandchildren pay for any college, pays very few of these expenses. So, to avoid burdening your
Why do you invest? For university, vocational school or other postsecondary education, adult children – while also preserving your own financial
many people, here’s the you may want to open a 529 savings plan. With this account, independence – you may want to consider some type of
answer: “I invest because I withdrawals are federally tax free, as long as the money is used long-term care insurance. A financial advisor can help you
want to enjoy a comfortable for qualified higher education expenses, including those from determine what coverage may be appropriate.
retirement.” And that’s trade and vocational schools. (However, if you withdraw some Moving beyond your family, you may want to invest in
certainly a great reason, of the earnings on your account, and you don’t use the money the social fabric of your community by contributing to local
because all of us should for qualified expenses, it will be taxable and can also incur a charitable, civic, educational or cultural groups. Of course,
regularly put money away 10 percent federal tax penalty.) Plus, you retain control of the now that we’re in the holiday season, it’s the perfect time for
for when we’re retired. But funds until it’s time for them to be used for school, so if your such gifts. Furthermore, your gift will be more appreciated
you can also benefit by original beneficiary chooses not to pursue some type of higher than in years past because one of the chief incentives for
investing in your family and education, you can name a different eligible beneficiary. charitable giving – a tax deduction – was lost for many people
your community. Another way to invest in your family is to help your adult due to tax law changes, which raised the standard deduction so
Let’s start with your family members, particularly the younger children avoid feeling obligated to provide financial assistance significantly that far fewer people chose to itemize deductions.
ones. How can you invest in their future? One of the best ways is to you. For example, if you ever required some type of long- However, you might still be able to gain some tax benefits from
your charitable gifts. To name one possibility, you could donate
financial assets, such as stocks that have risen in value, freeing
you of potential capital gains taxes. In any case, contact your
tax advisor if you’re considering sizable charitable gifts.
Saving for your retirement will always be important. But
don’t forget about investing in your family and your community
– because these investments can provide satisfying returns.
This article was written by Edward Jones for use by
your local Edward Jones financial advisor. Edward Jones,
its employees and financial advisors cannot provide tax or
legal advice. You should consult your attorney or qualified
2020 SPRING TRAINING tax advisor regarding your situation.
Call me for a free portfolio review at (561) 748-7600,
Sally Sima Stahl, AAMS, 1851 W. Indiantown Road, Ste.
106, Jupiter, FL 33458.

Jupiter Senior Softball

Association Veterans

Day Ceremony

Jupiter Senior Softball Association (JSSA) players were
reminded that “freedom is not free” during a Nov. 11 Veterans
Day ceremony honoring all men and women who have served
in the armed forces.
About 80 players attended the ceremony at Jupiter
Community Park that included a prayer for veterans by
Everett Barber who also led a sing-along of the national
anthem.
Players stood during the ceremony with heads bowed
as Barber said, “Freedom is not free. We thank the veterans
of our Armed Forces who have given of themselves – and
some sacrificed their lives – so that we may live free in this
wonderful land,” Barber concluded with, “We are the land
of the free because of these brave servants.”
Retired dentist and Army veteran Ricky Steckler, spoke in
honor of his neighbor, a former Special Forces commander,
and in honor “of all who have served to make our country
a better place and our world a better place.” Veterans in the
crowd were recognized with applause, and some cheers when
the name of their military branch was called out.
They included veterans of every military branch. Also
applauded for his service was Ben Walker, a retired police
officer and seasonal resident from Edmonton, Alberta, Canada
who served in the Canadian Air Force.
The men’s Jupiter Senior Softball League is open to
persons 55 and older and new players are always welcome.
Games are year-round, every Monday, Wednesday and
Friday morning at 8:30 a.m. at Jupiter Community Park,
3377 Church Street. Registration can be made online at www.
leaguelineup.com/jssa or for more information contact Dave
Summers at (561) 800-8230.

Senior softball players listen as Everett Barber, at right,
rOROGERDEANCHEVROLETSTADIUM.COM recites a prayer for veterans during a Veterans Day
ceremony by the Jupiter Senior Softball Association to
honor all those who served in the Armed Forces.