Page 21 - Southern Exposure - July '20

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Southern Exposure, Page 21

finanCial foCuS

Nearing Retirement? What Questions Should You Ask?

By Sally Sima Stahl
T he r e c e nt m a rke t • Retirement lifestyle – You probably created your • Social Security – You can file for Social Security
volatility has affected just investment strategy with a particular type of retirement benefits as early as 62, but you can get 25 to 30 perecent
about everybody’s financial lifestyle in mind. Perhaps you had planned to become a more if you wait until your full retirement age, which is
and investment situations – world traveler when your working days were over. Of likely between 66 and 67. As you created your retirement
so, if you were planning to course, in the near term, extensive travel may not be plans, you likely also calculated when you would take
retire soon, will it still be possible, anyway, but once we move past the pandemic, Social Security, but you may need to review that choice.
possible? your freedom to roam will likely return. But if your If you postpone retirement a few years, what effect will
Of course, the answer investment portfolio is not where you thought it might be, that have on when you choose to take Social Security and,
depends somewhat on your can you (or do you want to) adapt your lifestyle plans? consequently, the size of your benefits? You won’t want
employment situation. With And can you accept the same flexibility with your other to make a hasty decision, because once you start taking
so many people’s jobs being lifestyle goals, such as purchasing a vacation home, Social Security, you can’t undo your choice.
affected by the coronavirus pursuing hobbies, and so on? This is certainly a challenging time to be entering
pandemic, your retirement plans may also have been thrown • Tradeoffs – Based on your retirement goals and your retirement, and you’ll have some questions to answer.
into confusion. But assuming your employment is still stable, willingness to adjust your retirement lifestyle, you’ll But even in the midst of uncertainty, you still have many
what adjustments in your financial and investment strategies want to consider your options and tradeoffs. For example, choices. Consider them carefully and make the decisions
might you need to make for your retirement? would you be willing to work more years than you had that work for you.
Here are a few areas to consider, and some questions to originally planned in exchange for greater confidence in This article was written by Edward Jones for use by
ask yourself: your ability to enjoy a comfortable retirement lifestyle? your local Edward Jones Financial Advisor.
• Retirement goals – Now is a good time to review your By working longer, you can continue adding to your IRA Edward Jones, its employees and financial advisors are
retirement goals and assess your progress toward achieving and 401(k) or similar retirement plan, and you may be able not estate planners and cannot provide tax or legal advice.
them. You may want to work with a financial professional to to push back the date you start receiving Social Security Call me for a free portfolio review at (561) 748-7600,
determine if the current environment has materially affected to receive bigger monthly benefits. You might also review Sally Sima Stahl, AAMS, 1851 W. Indiantown Road, Ste.
your goals or if you need to make modest adjustments to your budget for opportunities to reduce spending today 106, Jupiter, FL 33458.
stay on track. and potentially save more toward your retirement goals.

loCal government

Property Appraiser’s Office

Taxpayers: phone: (561) 355-3230, email: PAO@pbcgov.org or utilize Since 1994, the PAO has awarded more than $140,000 in
Happy Independence our online services at our website: www.pbcgov.org/PAPA. college scholarships. The event is particularly special to the
Day! Be sure to follow us on social media for the most up-to-date PAO, because the money raised for the scholarships is 100
As my office monitors information. percent funded by our staff who participate in, “Friday Dress
the evolving impact of Recently, my office held its 27th annual College Casual Day,” a volunteer donation program.
COVID-19, we continue to Scholarship Awards ceremony virtually, and presented Also in this month’s newsletter, an update on the 2020
implement ongoing measures six outstanding high school seniors (from Palm Beach tax roll process and the status of applications for property
to ensure the health and County) with college scholarships in the amount of $1,500 tax exemptions, portability and agricultural classifications.
safety of our staff, while also each. I hope you find this information beneficial and wish you a
maintaining the highest level In addition to receiving a scholarship award, each recipient safe and happy Independence Day.
of safe service to the taxpayers has been offered a paid summer internship in my office. We Value What You Value.
of Palm Beach County. These six high-achieving, exceptional students demonstrated Respectfully,
We are following CDC guidelines and are open to the excellence in academic ability, persistence, leadership, and Dorothy Jacks, CFA, AAS,
public, however we still encourage you to contact us via service to others. Palm Beach County Property Appraiser

2020 Tax Roll Update
July is an important month as my office submits the 2020
CAMPBELL AND KARLIK, P.A. preliminary tax roll to Florida’s Department of Revenue
(DOR) and the local taxing authorities. The preliminary
ATTORNEYS AT LAW tax roll is a systematic listing of information pertaining to
the market valuation of all real property within Palm Beach
County, for purposes of ad valorem taxation. These values
assist taxing authorities in preparation for their upcoming
Wills • Trusts • Estate Planning • Probate budgets and setting their proposed millage (tax) rates.

Taxation • Real Estate • Corporations This year is unprecedented for our county as we continue
to manage the COVID-19 crisis. Florida law requires my
office to value property based on the status of the real estate
market and the property, as of January 1. Any adjustments
that were due to market conditions caused by the crisis will
be reflected in the 2021 assessments.
Palm Beach County-wide taxable property values have
increased 5.51 percent from 2019 to 2020.
Highlights Include:
• Market Value - $287,827,011,358
• Taxable Value - $209,512,748,976
• Net New Construction - $3,034,964,145

Local Government on page 22

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