Page 6 - Jupiter Ocean Mile - October '21

Page 6, Jupiter Ocean Mile
Financial Focus

What Does Retirement Security. You can start collecting it as early as 62, but your • Do your estate planning. It’s hard to feel totally
secure in retirement if you’re unsure of what might
monthly payments will be much larger if you can wait until
Security Mean To You? your “full” retirement age, typically between 66 and 67. happen if you have an unexpected health event, become
(Payments will “max out” at age 70.) So, if you have sufficient incapacitated or die earlier than expected. That’s why
By Sally Sima Stahl income from a pension or your 401(k) and other retirement you’ll want to create a comprehensive estate plan – one
October is National accounts, and you and your spouse are in good health with a that might include documents such as a durable power
Retirement Security Month. family history of longevity, you may consider delaying taking of attorney, a will and a living trust. A review of your
But what does retirement Social Security. You also might want to explore other income- insurance coverages and beneficiaries can also help
security mean to you? And producing vehicles, such as certain annuities that are designed protect your assets and ensure they are distributed the way
how can you work toward to provide a lifetime income stream. you want. In creating your plan, you will need to work
achieving it? • Prepare for unexpected costs. During your retirement, with your financial advisor and a legal professional, and
Here are some suggestions: you can anticipate some costs, such as housing and possibly your tax advisor as well.
• Build your resources. transportation, but other expenses are more irregular and can’t Thinking holistically about your retirement security
While you’re working, save always be predicted, such as those connected with health care. and developing and executing a strategy aligned with
in tax-advantaged accounts Even with Medicare, you could easily spend a few thousand your goals may help free you to enjoy one of the most
such as your IRA and 401(k) dollars a year on medical expenses, so you may want to rewarding times of your life.
or similar employer-sponsored retirement plan. In your budget for these costs as part of your emergency savings, and This article was written by Edward Jones for use by
401(k), contribute at least enough to earn your employer’s possibly purchase supplemental insurance. You may also want your local Edward Jones Financial Advisor. Edward
match, if one is offered, and increase your contributions to consider the possibility of needing some type of long-term Jones. Member SIPC.
whenever your salary goes up. Remember, especially early care, which is not typically covered by Medicare and can be Edward Jones, its employees and financial advisors
in your career, time is often your biggest asset. Be sure to quite expensive. The average annual cost of a private room in are not estate planners and cannot provide tax or legal
save early, since the longer you wait, the more you’ll need a nursing home is more than $100,000, and it’s about $55,000 advice. You should consult your estate-planning attorney
to save to help reach your goals. per year for a home health aide, according to Genworth, an or qualified tax advisor regarding your situation.
• Look for ways to boost retirement income. When insurance company. To address these costs, you may want Call me for a free portfolio review at (561) 748-7600,
transitioning to retirement, you can take steps to align your to consider some form of protection, such as long-term care Sally Sima Stahl, AAMS, 1851 W. Indiantown Road, Ste.
income with your needs. For example, consider Social insurance or life insurance with a long-term care component. 106, Jupiter, FL 33458.
Northern Notes

Owls – Silent And Effective can rotate their heads up over the wing – this essentially makes an owl virtually
to 270 degrees (not 360
silent in flight. In addition, an owl’s feathers can separate
Predators degrees like sometimes from each other on the same wing; therefore, the air flows
believed) in order to view over each of the individual feathers and their comb-like
By Katie Roundtree, their surroundings. The structures, which maximizes how silently owls fly.
Finance Director, Northern unusually high number Most of these species of owls are fairly common,
Palm Beach County of light-sensitive cells however, the burrowing owl is Florida’s only state-designated
Improvement District in their eyes, their large threatened species of owl. Florida Atlantic University’s Boca
Florida is home to five pupils, and a reflective Raton campus was designated as a burrowing owl sanctuary
resident species of owls, layer behind the retina give in 1971 and even though the campus has expanded, breeding
including the barn owl, them excellent nocturnal vision, useful when hunting at pairs still exist on the grounds.
barred owl, burrowing night or navigating dark forests. Next time you’re outside in wooded areas around dawn
owl, eastern screech owl Their ability to locate prey by sound alone is the most or dusk, look up; or if you’re in an open area, watch your
and great horned owl. The accurate of any animal that has ever been tested. Owls step and keep an eye out for ground burrows. You may be
largest of these owls is the can catch mice in complete darkness in the lab, or find lucky enough to catch a glimpse of one of nature’s most
great horned owl, which is prey hidden by vegetation or snow out in the real world. accomplished predators.
generally 18 to 25 inches tall, followed by the barred owl Their ears are placed unevenly on their head and point NPDES tip: Please pick up after your pet. When pet
and barn owl. The eastern screech owl and burrowing owls in slightly different directions, giving the ability to hear waste is washed into lakes or canals the waste decays,
are the smaller species and measure only about 6 to 10 inches where a sound is coming from without moving their using up oxygen and sometimes releasing ammonia.
tall. All but the burrowing owl prefer to live high in trees, in heads. Owls can also funnel sound toward their ears by Low oxygen levels and ammonia combined with warm
either tree cavities or nesting boxes. Burrowing owls live in manipulating different types of feathers around the ears temperatures can kill fish. Pet waste also contains
areas with wide-open spaces and little vegetation and spend and face. nutrients that encourage weed and algae growth. Perhaps
most of their time on the ground or in burrows. They are silent predators. Both primary and secondary most importantly, it is considered a significant source of
Each of the species have their own distinctive feathers have comb-like structures at the edge of the feather pathogens like fecal coliform, a disease-causing bacteria.
characteristics, but they all have one thing in common, that are responsible for muffling the sound of the air going Source: Cornell University Cornell Lab of Ornithology
they are voracious eaters and can consume thousands of
small rodents in a year. Because of this, they are a welcome
addition in most farms and neighborhoods. Owls are mainly
nocturnal creatures and have developed some amazing
adaptations to be successful hunters, such as the ability to
rotate their heads 270 degrees, ears that are offset on the
sides of their head in order to pinpoint location of prey,
the ability to control feathers on their dish-shaped face to
direct sounds into their ears, and comb-like structures on
their feathers to silence them in flight.
Owls cannot move their eyes in their eye sockets
like humans and most other animals. Instead, they
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