Page 11 - The Jewish Voice - April '20

The Jewish Voice, Page 11

Local Happenings from page 10 we are witnessing a rise in anti-Semitism, it is important
to explore what has been the true impact of Jews and
Judaism’s Gifts to the World Judaism on civilization,” said Rabbi Dovid Vigler of
Chabad of Palm Beach Gardens. “Understanding Judaism’s
During the first quarter of 2020, Chabad of Palm historical contribution gives us a deeper appreciation for
Beach Gardens offered Judaism’s Gifts to the World, a its continuing relevance and a better understanding of how
six-session course by the Rohr Jewish Learning Institute the moral and ethical institutions we take for granted came
(JLI), unearthing the Jewish roots of some of the most into being.”
cherished values of Western
civilization.
Participants discovered
how common ideas of
personal responsibility,
the inherent sanctity of
human life, institutionalized Beth Am’s Disney(ish)
universal education, human
equality, the dignity of a Purim Spiel
day of rest and devotion
to family, and a sense of At Temple Beth Am’s musical Purim spiel, congregants,
purpose have their origins in religious school students, and Cantorial Soloist Marcy Morris
ancient Judaism. told the story of Purim through reimagined Disney music
“At a moment in which favorites. Performers donned costumes for their parts and
Rabbi Brett Tancer accompanied on the piano and also read
parts of the Megillah. The event was followed by cocktails
and Disney-inspired treats.
Photo courtesy of Jackie Alberts.

When you retire, your life changes in many ways – and so
do your finances. One of the biggest changes is that instead
of contributing to tax-deferred retirement savings plans that
reduce your taxes, you’ll start tapping those savings for
income and paying taxes at your regular rate (unless you’re
tapping a Roth account) – not the preferential capital-gains
rate reserved for stocks and bonds held in taxable accounts.

Reconsider your retirement account contributions, and Federations Provide Grant
increase them, if possible.
2141 Alt A1A South Suite 310 for Services to MorseLife for
Jupiter, Florida 33477 401(k) contributions reduce your AGI (that’s adjusted
gross income, or the amount of income on which you pay Survivors
The Retirement Planning Specialists Crafting Financial taxes). Increases toward your annual contribution limit,
Solutions with Insight and Integrity since 1980 which will increase from $19,000 to $19,500 in 2020, MorseLife Health System will receive a grant from The
reduce taxable income. If you’re self-employed or have Jewish Federations of North America’s (JFNA) Center
for Advancing Holocaust Survivor Care to The Lola and
self-employed income in addition to regular W-2 income, Saul Kramer Senior Service Agency. When combined with
consider opening a solo 401(k) to further reduce your AGI matching funds, this award will enable $184,000 in new
and protect your financial future.
programming for survivors. In addition, more than 100
paraprofessionals will receive intensive training on Person-
Planning for a lifetime of secure financial fulfillment is a Centered, Trauma-Informed (PCTI) care.
very personal endeavor. We at Asset Advisory Services Child survivors of the Holocaust often experience trauma
remain aware of this as we assist you in crafting a unique exposure-related concerns as they age, which may result
approach, tailored to fit your individual financial goals in significant emotional confusion, isolation, and physical
and best suited to what is most important to you. We are deterioration. MorseLife Health System in partnership
celebrating our fourth decade of providing the highest level with Next Generations of Holocaust Survivors will offer
of care to our clients. strategic community outreach and professionally facilitated
programing for survivors who were children during the
You may have a general goal in mind when it comes Holocaust, within a PCTI framework. The goal of this
It is Tax Season! to retirement, but you need a specific plan for effective program is to help child survivors better understand and deal
savings. Reassess your retirement planning goals annually
You should be looking at your taxes as and prioritize spending needs based on what will make with childhood loss now exacerbated by aging, reduce social
isolation, and increase well-being through peer engagement.
you happy and comfortable. Create a budget for early,
part of Retirement Planning. middle and late retirement, taking into consideration “It is inexcusable that amid the wealth in Palm Beach
different expenses for each stage. Don’t fool yourself that County thousands of survivors of the Holocaust are living
Did you know that the average cost of life in retirement will be less expensive than now. Did in poverty,” said Keith Myers, president and CEO of
MorseLife Health System. “This generous support of our
healthcare for a couple in retirement you know that the average cost of health care for a couple NOW for Holocaust Survivors mission enables us to continue
is close to $300,000? Don’t you think in retirement is close to $300,000? Don’t you think that to be a lifeline to this aging population while there is still
health care and Long-term care is something to plan for?
that health care and long-term care is We are here to help! time. MorseLife is the only provider in the area equipped
to offer health services such as medical assessment, care
something to plan for? management, medication management, skilled nursing,
We are here to help! and a nutritious meal service as well as quality-of-life
enhancements including housekeeping and errands, personal
Taxes don’t stop when your paycheck does. In fact, We look forward to hearing from you at: care, financial management, clothing, transportation, safety
tapping your retirement nest egg comes with all sorts system installation, home repairs and improvements, respite
of new rules and opportunities. Saving money for your (561) 747-9550 care, and music and art therapy.”
golden years is crucial. Without a solid nest egg, you’ll risk To schedule your Complimentary Financial Review “Antisemitism has shaken our community and Holocaust
struggling to pay the bills once your career ends.
Asset Advisory Services, Inc., survivors are deeply affected,” said Mark Wilf, chair of
Most seniors need about 70% to 80% of their former Three Palms Center JFNA’s Board of Trustees and past chair of JFNA’s National
Holocaust Survivor Initiative. “We are grateful for the Federal
income to live comfortably in retirement, and Social 2141 Alt. A1A South, Suite 310, Jupiter, FL 33477 government’s commitment to help survivors and ensure that
Security may not be enough if you’re an average earner. As To learn more about what we can do for you, please visit us at: this vulnerable group has additional support.”
such, you’ll need to save independently during your golden www.AssetAdvisoryServices.com Of the estimated 80,000 Holocaust survivors in the United
years, and the good news is that you have a number of tax- States, approximately one in three lives in poverty. Many
advantaged retirement plans that we can help you with in Securities and Advisory Services Offered through Commonwealth Financial Network live alone and are at risk for social isolation, depression, and
®
order to guide you through accumulating wealth. If you are Member FINRA/SIPC, a Registered Investment Adviser. Fixed Insurance products and other physical and mental health conditions stemming from
still working there are many options for retirement savings services offered through CES Insurance Agency periods of starvation, disease, and torture.
either at your workplace, on your own or possibly both.
Local Happenings on page 12