Page 6 - Martin Downs Bulletin - July '20
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Page 6, Martin Downs
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money or sanity on internet dating or blind flirting. You lEgal talk
don’t have to either. Don’t think of what you have to lose
today, think of what you have to gain. Be confident, smart,
and carry on my friend! It’s time you start dating smart How SECURE Is Your IRA simultaneously controlling the beneficiary’s ability
too. You got this--and so do we! to withdraw greater amounts from the account).
Let’s claim some internet-independence! Planning? Under these two options, income tax would only be
XOXO, paid on amounts actually distributed to the beneficiary
Kelly By Ryan Abernethy (typically just the RMD amount), with remaining
Kelly Leary, Founder of Revolution Dating has a You may have heard account funds continuing to grow tax-free.
master’s degree in psychology and 29 successful years of the “SECURE Act” Under the SECURE Act, this income tax deferral
in the dating industry. A top matchmaker, now known as and how this new opportunity has been eliminated for most designated
THE Florida Matchmaker, she has been profiled by ABC legislation brought beneficiaries.
News, The Palm Beach Post, PalmBeacher Magazine, changes to retirement Now, with very limited exceptions, a designated
The South Florida Business Journal, and numerous other planning. beneficiary must receive distributions from inherited
media outlets. Please call our hotlines seven days a week It has many benefits, retirement plan interest over a maximum ten-year
at 561-630-XOXO (9696) in the Palm Beaches and South including allowing period.
Florida area or 772-932-HERE (4373) on the Treasure retirement plan For individuals intending to have retirement plan
Coast. You may also visit our informational only website at owners to refrain from assets pass in trust for the benefit of their beneficiaries
www.revolutiondating.com. All inquiries are confidential. withdrawing required (whether a spouse, child or otherwise) and have those
All applicants must be prescreened in person at our private minimum distributions (RMDs) from IRA and 401(k) assets be managed for that beneficiary outside of the
practice to be eligible. This is NOT online dating. accounts until they have reached age 72 (as opposed beneficiary’s direct control, changes to the estate plan
to 70½) and allowing them to continue to make may be necessary.
Around Town Photos. contributions to their retirement plans after age 70½, If you have significant retirement plan asset
so long as they continue to work.
holdings, the SECURE Act may make it necessary
July 2020. The SECURE Act has also brought changes that will to consider alternative planning strategies if lifetime
significantly affect many individual’s estate plans. asset protection for beneficiaries is a primary goal.
One of the BEST ways to find love is by introduction It has eliminated almost entirely the opportunity You can do this while also avoiding the negative
through a friend. Say no more. A photo speaks 1000 words! for those inheriting an interest in a retirement plan income tax consequences typically associated with
Happy Fourth of July from Revolution Dating! at the plan owner’s death (designated beneficiary) to having retirement plan assets accumulated in a trust—a
“stretch” annual RMDs from the plan’s interest over double win for your beneficiaries!
the designated beneficiary’s remaining lifetime. If these changes have you worried about how your
The benefit of the stretch was that income tax retirement plan assets will pass to your beneficiaries,
liability associated with distributions from an inherited contact a qualified estate planning attorney to discuss
retirement account could be spread (or stretched) over if you’re affected and what changes need to be made
that designated beneficiary’s lifetime if he or she to your plan.
only withdrew annual RMD amounts, or by naming Ryan C. Abernethy, associate attorney and counselor
a special form of trust as beneficiary of a retirement at law at Abernethy Law Group, 130 S. Indian River
account, with the trust distributing RMD amounts Dr., No. 201, Fort Pierce can be contacted at (772)
directly to the trust’s beneficiary each year (while 489-4901 or rabernethy@abernethylawgroup.com.
kids cornEr
What Is My Child’s Learning Other children are primarily visual learners, they learn
Style? best by seeing a diagram, map, or watching a video.
Children who are visual learners study their notes for
Jim Forgan, Ph.D., a test and then during the test can visualize the page of
School Psychologist notes that has the answer.
If you are like many Many children are multisensory learners and they
parents, helping your child learn best using a variety of strategies. They benefit from
complete schoolwork touching flash cards and sorting them into categories as
online was a tiring process. they study. Color coding important information helps
Many kids struggled with multisensory learners.
focusing, maintaining Kinesthetic learners need to be moving as they learn.
effort, and getting every These children can bounce a ball to a rhythm while saying
assignment done without aloud their multiplication facts. Some children stand or
a battle. One parent told walk around as they study. Kinesthetic learners benefit
Wear The Bear from page 1 me she developed a new from hands on learning.
appreciation for what teachers do in the classroom. Being I can test your child to determine his or her learning
Nicklaus Children’s Hospital. As a gesture of heartfelt your child’s home education teacher might have made style and then give you recommendations on how to build
thanks, you will receive the special hat. you wonder about your child’s preferred learning style. upon these strengths to help your child excel in school.
“This pandemic has reminded us of the things we Some children are primarily auditory learners. These You can also Google “online learning style survey” and
hold dear, our families and our health,” said Barbara kids learn best by listening to audio books, podcasts, complete a free one.
Nicklaus, founder and chair of the Nicklaus Children’s and discussion. Auditory learners have stronger reading I also test for ADHD/ADD, dyslexia, gifted, and other
Health Care Foundation. “As the threat continues, we comprehension when they softly read aloud so they can processing disorders. Contact me at (561) 625-4125 or
want to make sure the professionals who risk their hear themselves. JimForgan.com.
health to care for us have the protective equipment
they need to stay safe. We have to pull together to get
through this challenge.” Advertise in This Newspaper! Call 561-746-3244
Nicklaus Children’s Hospital is currently spending
$20,000 a week to provide PPE for the staff. This
expense is expected to increase as the hospital
implements a universal mask policy to protect patients, Dyslexia, ADD/ADHD,
workers and visitors. Funding from the “Wear the Bear.
Show You Care.” campaign will help the hospital to
continue its critical work, while safeguarding patients, Gifted Testing
their families and health care workers.
The “Wear the Bear. Show You Care.” campaign
will continue through the crisis and as long as the need NOW OFFERING: Dr. Jim Forgan & Associates
for PPE exists. Donations can be made on the Nicklaus • Jupiter & Stuart Offices
Children’s Health Care Foundation website at nchcf. Licensed School Psychologist
org/wearthebear. • Testing for Processing www.JimForgan.com
Jack and Barbara Nicklaus founded the Nicklaus Problems, Anxiety,
Children’s Health Care Foundation in 2004 to provide Defiance (561) 625-4125
world-class, pediatric care to children in Palm Beach • Weekend and After
County and beyond – raising more than $125 million School Appointments
to date. The foundation supports Nicklaus Children’s
Hospital, which has helped children from every state
in the union and 119 countries. “Helping Parents Help Children”