Page 9 - Palm City Spotlight - December '19
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Palm City Spotlight, Page 9
ReaL esTaTe
Treasure Coast Real Estate Report boaters and waterfront property owners, located west of the nearby. The width of the channel would also increase from 50
trestle, are facing when the planned passenger train service feet to 180 feet, making it much easier to navigate.
The Old Florida East Coast Railway Train Bridge from Miami to Orlando by Virgin Trains – formerly Brightline, Presently it looks like the local county governments and
Over The St. Lucie River Could Be Replaced formerly All Aboard Florida gets going. Along with the marine industry are in support of the new bridge. Everyone seems
By Jim Weix inconvenience, waterfront property values were likely to take a to be in agreement that it should have been replaced years ago.
Imagine leaving your dock major hit. Along with making navigation easier, and preventing a
at 6:30 a.m. to go fishing. In reality, that may have happened already. Waterfront home potential collapse of waterfront property values, I envision another
Then imagine sitting for sales have been slower than normal in some Palm City waterfront positive. Wouldn’t that old trestle make a great artificial reef!
an hour waiting for one of communities. Along with the news coverage, many real estate Let’s hope that Martin County, along with groups like the
32 passenger trains, plus firms will disclose the potential issue to prospective buyers. Martin County Artificial Reef Fund, get involved. Construction
additional freight trains, to However, Virgin Trains has announced plans to replace the old of the new bridge is expected to start in 2025, so now might be
pass so that the 94-year-old bridge with a new one. The proposed new bridge would increase a good time to start figuring out where to get the funds to finally
railroad trestle would rise up the present vertical clearance under the closed bridge of 6.6 feet put this old bridge to use for something beneficial.
to let you through. That is if it at mean high tide to 18 feet. This means that most boats would Jim Weix is a Broker Associate with The Keyes Company.
is not malfunctioning as it is be able to get under it even when it is down. Jim has 24 years of experience selling real estate full time. If you
known to do frequently. This new double-track vertical lift bridge, when in the raised have questions or want the services of an experienced expert,
That is the prospect that position, would be 65 feet or as high as the Roosevelt Bridge you can reach Jim at (772) 341-2941 or jimweix@jimweix.com.
FinanCiaL FoCus
Millennials May Need To question depends somewhat on your stage of millennial-ism. to everyone, because everyone’s situation is different. A
Boost Life Insurance If you’re a young millennial, perhaps just out of college, financial professional can look at various factors – your age,
your marital status, number of children, size of mortgage,
single, and living in an apartment, your need for life insurance
may not be that great. After all, you may well have other, etc. – to help you arrive at an appropriate level of coverage.
By Bryce Buchanan, more pressing financial needs, such as paying off your student Keep in mind, also, that your employer may offer life
Edward Jones loans. But if you’re an older millennial, and you’ve got a insurance as an employee benefit. However, it might be
If you’re a millennial mortgage, a spouse and – especially – children, then you insufficient for your needs, especially if you have a family,
– born between 1981 and unquestionably need insurance, because you’ve got a lot to and it will probably end if you leave your job.
1996 – you’re either in the protect. What type of life insurance should I get? Many people
very early or relatively early How much do I need? Millennials who own life insurance initially find life insurance to be confusing, but there are
stages of your career, and as have, on average, $100,000 in coverage, according to New basically two types: term and permanent. As its name
the old song goes, you’ve got York Life’s 2018 Life Insurance Gap Survey. But that same suggests, term insurance covers a given time period, such
a lot of living to do. Still, it’s survey found that millennials themselves reported they as 10 or 15 years, and provides only a death benefit. It’s
not too soon to think about a need coverage worth about $450,000, leaving an insurance generally quite affordable, especially when you’re young
financial issue you may have deficit of approximately $350,000. That’s a pretty big and healthy. Permanent insurance, on the other hand, offers
overlooked: the need for life gap, but of course, these figures are averages and may not a death benefit and a savings component that allows you to
insurance. apply to your situation. Still, you should know how much build cash value. Consequently, the premiums are higher
Regarding this topic, millennials need to ask three key insurance you require. You might have heard that you need than those of term insurance. Again, a financial professional
questions: life insurance worth about seven or eight times your annual can help you determine which type of insurance is most
When should I purchase insurance? The answer to this salary. And while this isn’t a terrible estimate, it doesn’t apply appropriate for your needs.
Thus far, we’ve only been talking about life insurance. But
you may also need other types of protection, such as disability
insurance, which can replace part of your income should you
become ill or incapacitated. And you may eventually want to
explore long-term care insurance, which can help cover you
for the enormous costs of an extended nursing home stay.
You should at least consider all forms of insurance
as part of your overall financial strategy. The future is
unknowable – and as a millennial, you’ve got plenty of
future ahead of you.
This article was written by Edward Jones for use by your
local Edward Jones financial advisor.
