Page 20 - Abacoa Community News - April '21

Page 20, Abacoa
Financial Focus

Help Protect Your Family’s significantly limited the stretch IRA strategy. Now, most provide a specific dollar amount to your heirs or be used
Changes in laws affecting retirement accounts have
to help cover additional taxes. This may be especially
Inheritance non-spouse beneficiaries must withdraw all assets from advantageous if you are 72 or older, in good health,
the IRA within 10 years of the IRA owner’s death. The and taking withdrawals – technically called required
By Sally Sima Stahl beneficiary generally does not have to take out any money minimum distributions – from your retirement accounts,
You might contribute to during that 10-year period, but at the end of it, the entire such as your traditional IRA and your 401(k). If you don’t
your IRA for decades to help balance must be withdrawn – and that could result in a really need the money, you can use these withdrawals
pay for your retirement. But pretty big tax bill. to pay for some or all of the insurance premiums. Life
if you don’t need all the The stretch IRA strategy can still be used for surviving insurance can’t replace an IRA as a means to save for
money, you may want to spouses, beneficiaries who are no more than 10 years retirement, though, so you should consult with your
leave what’s left to your younger than the deceased IRA owner, and beneficiaries financial advisor to make sure you are working toward
children or grandchildren. who are chronically ill or disabled. Minor children of all your goals.
However, if you want to the original account owner are also eligible for a stretch In any case, if you have a sizable IRA or you don’t
ensure they get the most IRA – but only until they reach the age of majority, at need the funds that you’re required to take from your
from this inheritance, you’ll which time the 10-year rule applies. retirement accounts, you may want to start thinking about
need to do some planning. So, if you want to leave your IRA to family members what you want to do with the money. The more thorough
Here’s a little background: Up until a couple of years who don’t meet any of the above exceptions, what can your legacy planning, the better your chances of meeting
ago, when you left the proceeds of your IRA to your you do? your legacy goals.
beneficiaries, they could choose to “stretch” required One possibility is a Roth IRA conversion. You could This article was written by Edward Jones for use by
withdrawals over a long period, based on their life convert a traditional IRA to a Roth IRA over your lifetime, your local Edward Jones financial advisor. Edward Jones.
expectancies. These required withdrawals were generally so your heirs would receive the Roth IRA. They would member SIPC.
taxable, so this “stretch IRA” allowed your beneficiaries still be required to withdraw the assets within 10 years, Edward Jones, its employees and financial advisors
to greatly reduce the annual taxes due, while benefiting but unlike with a traditional IRA, Roth IRA withdrawals are not estate planners and cannot provide tax or legal
from longer tax-deferred growth potential. And the are generally tax-free. These conversions are taxable, so advice. You should consult your estate-planning attorney
younger the beneficiary, the longer the life expectancy you’ll want to consult your tax professional in addition or qualified tax advisor regarding your situation.
and the lower the withdrawals, so this technique would to your financial advisor, to determine if this strategy can Call me for a free portfolio review at (561) 748-7600.
have been especially valuable for your grandchildren or help you achieve your legacy goals. Sally Sima Stahl, AAMS, 1851 W. Indiantown Road, Ste.
even great-grandchildren. Another option is to purchase life insurance, which can 106, Jupiter, FL 33458.
Review Of Palm Beach Opera

Palm Beach Opera’s Boheme of Moore revealed a sensitive artist giving her very best. Here fashion, hardly ever seen, “distanced” at the rear, but always

Was Superb I take issue with a small quibble. Director James Robinson has right there on cue. So too was the orchestra in fine fettle.
They played the rapturous music of Puccini as if their very
Moore dying, legs akimbo seated on a chair in reverse, her body
leaning on the chair back. An unceremonial death scene. The lives depended on it being heard to perfection. Palm Beach
New Ideas For New Audiences world renowned mezzo-soprano Isabel Leonard debuted the Opera Orchestra has always been in the top rank. At one
By Rex Hearn role of Musetta here. It was a fine performance but on a couple time under Maestro Bruno Aprea, they gave symphonic
The pundits tell us life will of occasions I sensed she was pushing in the upper register. It performances in the Eissey Campus Theatre, they are
be different after the pandemic. did not have the lilt and gay abandon I was expecting. Along that good. Mention has been made earlier of the excellent
By switching to outdoor with tenors Polanzani and Fabiano she will sing in The Met’s camera work. I honestly believe the future of opera is with
performances Palm Beach all star At-Home Gala on April 25, free for everyone to watch. the brilliant techies who man the cameras. Imagine seeing
Opera may have stumbled In fairness, I must report that at the height of Leonard’s arias the front of Maestro David Stern as he conducts, instead of
on a panoply of new ideas and those of Moore, aeroplane engines overhead competed with trying to find him in the pit with his back to the audience.
for its future, using the iThink both ladies. The flight pattern to PBI will be an issue for some. And the close-ups of the singers bring their very being into
Financial Amphitheater at Mention of the excellent chorus work at the beginning of life with emotions and expressions we need to see as well
the fairground, with singers’ Act II must not be overlooked, they were simply marvelous as hear. Cameras intensify the operatic experience. Kudos
voices slightly enhanced, to hear and supported the action throughout in ghostly to everyone involved in this memorable Boheme.
made for reproductive quality
not usually heard in smaller houses. Also, having each artist’s
aria featured on a central huge screen is like watching the show
from the front row. Facial expressions and emotions are close
up, no need for opera glasses. Better yet, the translation from
foreign language into English runs under their picture, in easy-
to-read big letters. Introducing one 40-minute intermission is
a brilliant idea. The rush and crush for bathrooms is gone. The
quality and variety of foods on offer is provided at reasonable
prices. Separate bars serve wines, soft drinks, liquor and beer.
Dozens of tables provide seating where people meet, talk about
the opera and compare notes. It’s a wonderful new way to enjoy
opera. General Director David Walker has added a new chapter
to the young history of opera. And the young may come in
droves.
La Boheme opens with the four students in their attic rental.
The first 20 minutes is magnificent, devoted to the back and
forth of student repartee; tuneful singing conversation that is
masterfully written by Puccini. Their strong voices fill the air
and we are reminded most have already sung at the pinnacle
of American opera: New York’s Metropolitan. Tenor Michael “Service is our number one priority”
Fabiano sustained amazing volume throughout as Rodolfo.
His voice has the squillo of a Di Stefano and the tenderness 561-743-0070
of a Gigli in quiet passages. He was truly excellent. Baritone
Quinn Kelsey’s strong supple intonation was unique as www.palmspoolservices.com
Marcello, so pleasing on the ear. I could have listened to him
all night. Ryan Speedo Green’s beautiful baritone gave life
to the philosopher student, Colline. Another great voice was
a newcomer, the young Korean, Heeseung Chae, singing
Schaunard. His delightful personality leaped into our hearts
with a delicately shaded performance. Their landlord, Benoit,
denied his rent, settled for a drink. The distinguished and
sonorous voice of bass-baritone Jake Gardner pulled off the
miracle of also singing Alcindoro, with convincing aplomb in
Act II, as Musetta’s put upon sugar daddy.
At one point in the Cafe Momus scene, all seven leading
artists sing, each 10 feet from the other. Distancing, they call it.
It was breathtakingly beautiful. Apart, yes, but the magic of the
cameramen brought them together on the big screen: a stroke of
genius! Latoya Moore’s lovely soprano continually soared into Expires 4/30/21.
heavenly, sweetly rounded sounds as the dying Mimi. Happily
Moore did not overdo the coughing, signaling that she’s dying State Licensed & Insured
of consumption; Anna Moffo had the Met audience coughing Serving Palm Beach County CPC # 1457468 • LPG#30099
along with her when she sang this role! The camera close-ups