Page 19 - Lifestyles in Palm Beach Gardens - March '20

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Lifestyles in Palm Beach Gardens, Page 19

Commissioner’s Update

The Loxahatchee River: A and recreational values in a free-flowing condition for the On a recent tour I attended of the Northwest Fork of
enjoyment of present and future generations.
the Loxahatchee River with members of the Coordinating
Local Natural Resource With This designation required the formation of the Council, we observed projects underway to reduce saltwater
National Significance Loxahatchee River Management Coordinating Council intrusion that has killed so many of the cypress trees along
to assist SFWMD and the Florida Department of
the river. The Moonshine Creek oxbow restoration project
Environmental Protection to develop a management plan was formulated by the Coordinating Council and is under
By Commissioner for the river. I have had the pleasure of serving on the construction through a partnership of the Jupiter Inlet
Hal Valeche council as the County Commission’s representative during District and the Loxahatchee River Preservation Initiative.
Palm Beach County my two terms on the board. Its membership is comprised The project will keep water in the channel and push the
is working closely with of elected officials, federal and state agencies, Palm Beach saltwater out, eliminating a cut through at the oxbow where
the U.S. Army Corps and Martin counties, water control districts, environmental the sand has been moving upstream.
of Engineers, the South and planning agencies, and river users and landowners. Over the next two years, Florida Fish and Wildlife
Florida Water Management Principal goals of the management plan are to preserve Conservation Commission (FWC) plans to restore
District (SFWMD), and and enhance the river’s unique natural values, restore the freshwater grasses, much of which disappeared following
municipal partners on water river’s historical hydrology, and reverse harmful saltwater Hurricane Irma. Manatees love the grasses and they will
resources, water quality, intrusion on the river, affected by more than a century of help resolve turbidity issues in the river. FWC is also
storage and restoration ditching, draining and re-engineering along the river for working with Friends of Jonathan Dickenson State Park to
projects as part of the agricultural and urban development. plant 100 new cypress trees per acre. This project started
ongoing Comprehensive Everglades Restoration Plan. The county has led restoration efforts in the Loxahatchee along the riverbanks in 2017 and is continuing into the
This includes collaboration on the Loxahatchee River River watershed over the years by acquiring nearly 28,000 flood plain.
Watershed Restoration Project. acres of land and restoring wetlands for the benefit of the By restoring fresh water flows from tributaries to the
From the Jupiter Inlet, the Northwest Fork of the ecosystem. Our environmental and water resources staff north, this will push back the saltwater wedge, which
Loxahatchee River traverses 14 miles up through Jonathan are collaborating with SFWMD and the Army Corps and pushes up the river during the dry season. Sea level rise
Dickenson State Park in Martin County. From there, it Coordinating Council members to promote cost-effective also contributes to the problem.
winds south back down to Riverbend Park in Jupiter. In solutions that will provide significant benefits to the The Loxahatchee Slough is a large wetland just east of
1983, that 10.3-mile section earned the designation as a Loxahatchee River watershed, increase flood control and the Beeline Highway and south of Jupiter Farms that helps
National Wild and Scenic River. The National Wild and water supply benefits on a wider scale, and additionally recharge the river, but greater flows are needed. Historically,
Scenic River System was created by Congress in 1968 to improve conditions in interconnected water resources such the river flowed from south to north, receiving water from
preserve certain rivers with outstanding natural, cultural as the Lake Worth Lagoon. Grassy Waters Preserve Water Catchment Area (West Palm
Beach’s water supply) and the Loxahatchee Slough. When
the C-18 canal was constructed, it cut off the river from
the larger watershed. The SFWMD uses control structures
suit what is most important to you. We are celebrating our fourth to hold water for the dry season, but we need more water
decade of providing the highest level of care to our clients. storage facilities to supplement flows to the river.
Our advisors at AAS take the time to get to know you and your U.S. Army Corps officials recently toured the
family and take pride in the practice of ‘relationship investing’. Loxahatchee River with county staff and officials from the
Realizing that your needs and experiences will shift over the years Loxahatchee River District. Their observations reinforced
from Accumulating your Wealth to De-cumulating your Wealth, their understanding of the importance of protecting
our intention is to invest in you as a partner in your process.
The Retirement Planning Specialists Crafting Financial “Our approach gives us a unique perspective that allows us publicly owned natural lands within the watershed and
Solutions with Insight and Integrity since 1980 to create the right plan for you and your investments.” restoring water flows to the river through appropriate
The experienced team at Asset Advisory Services brings infrastructure improvements.
The Setting Every Community Up for Retirement strength of a unified team approach. Our ‘big-picture’ mindset As progress continues on the Loxahatchee River
Watershed Project, the county will work with federal
Enhancement (SECURE) Act was a bipartisan retirement to financial wholeness keeps us focused on actively retaining
bill that was included in a larger legislative package. It was ‘financial staying-power’ vs. passively pursuing simple ‘financial and state agencies to improve design solutions that are
signed into law on December 20, 2019. management’. This care is what clients have come to count on supported by area stakeholders.
from us throughout the years. Our system of review meetings and If you haven’t spent time on the Loxahatchee River,
What are some of the Act’s major Changes to Retirement meaningful updates helps us keep a pulse on what is happening particularly the Northwest Fork, I hope you will make it
Planning? in your life, and assist you with mapping out new strategies as
Allows for Multiple employer sponsored retirement plans. you navigate each stage of life. a point to do so. You will thoroughly enjoy the abundance
Moves the Required Minimum Distribution (RMD) starting age Is the financial planning process new to you, or are you simply of plants, birds and wildlife species along this peaceful,
from 70½ to 72. in need of a second opinion? We are happy to help. magnificent natural resource.
Allows anyone with earned income the ability to contribute to an As always, if I can be of assistance, please contact me
IRA after age 70½. Managing your Wealth in Alignment with your Life - at (561) 355-2201, or by email at hvaleche@pbcgov.org.
In most instances, eliminates ‘Stretch’ IRAs and now mandates Our 5-Step Approach:
inherited IRAs with most non-spouse beneficiaries (i.e. kids or Discovery – Assessment – Evaluation – Implementation – Adaption
grandkids) must be withdrawn within 10 years.
Proactively managing the income tax consequences Our top goal is to exceed expectations with care. One way we
of the ten-year Rule. accomplish this is by offering educational workshops to expand
As it relates to the new ten-year rule, the purpose of considering your knowledge and illuminate our wide array of services to you.
ROTH Conversions can be to spread distributions over many At Asset Advisory Services, we lend our expertise in helping
years and lower brackets. you manage the many and complicated factors that contribute
to a stable and sustainable Financial Home.
Our clients count on us to review market trends and current
events, monitor and advise them on cash flow and performance,
and to keep their portfolios on track to the highest consistent level
of performance possible. Throughout the year we review current
tax returns, and advise on strategies to secure better deductions,
to minimize your tax liability in conjunction with saving for your
retirement.
When questions about your investments, your tax planning,
your complex estate concerns, your retirement, planning and
maintaining proper levels of your insurance arise, think of Asset
Advisory Services – we are here to keep you on the path to
Financial Freedom.
We look forward to hearing from you at: 561.747.9550
To schedule your Complimentary Financial Review

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