Page 15 - Jupiter West - October '21
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Jupiter West, Page 15
Financial Focus
What Does Retirement goes up. Remember, especially early in your career, time is often predicted, such as those connected with health care. Even with
your biggest asset. Be sure to save early, since the longer you
Medicare, you could easily spend a few thousand dollars a
Security Mean To You? wait, the more you’ll need to save to help reach your goals. year on medical expenses, so you may want to budget for these
• Look for ways to boost retirement income. When costs as part of your emergency savings, and possibly purchase
By Sally Sima Stahl transitioning to retirement, you can take steps to align your supplemental insurance. You may also want to consider the
October is National income with your needs. For example, consider Social Security. possibility of needing some type of long-term care, which is
Retirement Security Month. You can start collecting it as early as 62, but your monthly not typically covered by Medicare and can be quite expensive.
But what does retirement payments will be much larger if you can wait until your “full” The average annual cost of a private room in a nursing home is
security mean to you? And retirement age, typically between 66 and 67. (Payments will more than $100,000, and it’s about $55,000 per year for a home
how can you work toward “max out” at age 70.) So, if you have sufficient income from a health aide, according to Genworth, an insurance company. To
achieving it? pension or your 401(k) and other retirement accounts, and you address these costs, you may want to consider some form of
Here are some suggestions: and your spouse are in good health with a family history of protection, such as long-term care insurance or life insurance
• Build your resources. longevity, you may consider delaying taking Social Security. with a long-term care component.
While you’re working, save You also might want to explore other income-producing • Do your estate planning. It’s hard to feel totally secure in
in tax-advantaged accounts vehicles, such as certain annuities that are designed to provide retirement if you’re unsure of what might happen if you have
such as your IRA and 401(k) a lifetime income stream. an unexpected health event, become incapacitated or die earlier
or similar employer-sponsored retirement plan. In your 401(k), • Prepare for unexpected costs. During your retirement, you than expected. That’s why you’ll want to create a comprehensive
contribute at least enough to earn your employer’s match, if one can anticipate some costs, such as housing and transportation, estate plan – one that might include documents such as a durable
is offered, and increase your contributions whenever your salary but other expenses are more irregular and can’t always be power of attorney, a will and a living trust. A review of your
insurance coverages and beneficiaries can also help protect
your assets and ensure they are distributed the way you want.
In creating your plan, you will need to work with your financial
advisor and a legal professional, and possibly your tax advisor
as well.
Thinking holistically about your retirement security and
developing and executing a strategy aligned with your goals
may help free you to enjoy one of the most rewarding times of
your life.
This article was written by Edward Jones for use by your
local Edward Jones Financial Advisor. Edward Jones. Member
SIPC.
Edward Jones, its employees and financial advisors are not
estate planners and cannot provide tax or legal advice. You
should consult your estate-planning attorney or qualified tax
advisor regarding your situation.
Call me for a free portfolio review at (561) 748-7600, Sally
Sima Stahl, AAMS, 1851 W. Indiantown Road, Ste. 106, Jupiter,
FL 33458.
2021 Loggerhead
Triathlon
Report and Photos by Penny Sheltz
The Tampa General Hospital Loggerhead Triathlon,
produced by the Palm Beach North Chamber of Commerce,
is one of the longest enduring triathlons in the state of Florida.
Dating back to 1985, triathletes have made the trip to Jupiter
year after year to enjoy the magnificent oceanside setting, the
family-friendly atmosphere and the competition. The event
has become a “must do” on the southeast race circuit and has
spawned some of the top triathletes in the United States. The
triathlon was held on Saturday, Aug. 28, beginning at 7 a.m.
at Carlin Park in Jupiter.
The race course consists of a 3/8-mile ocean swim, 13-mile
bike ride and flat 3.1-mile run. Awards were given to the top
three overall in each division.
Oxbridge Academy kicks off its Football
program starting in Fall 2022.
An Oxbridge education goes beyond the classroom by encouraging
all students to participate in athletics and offering a well-rounded program First place, No. 167, John Second place, No. 82,
that is an integral part of the Oxbridge experience. Reback, 51 years old, Pierre Henri Soero, 38,
Jupiter Palm Beach Gardens
Register for an Admission event to learn more at oapb.org/visit.
Celebrating 10 Years
AN INDEPENDENT, CO-EDUCATIONAL SCHOOL FOR GRADES 7-12
West Palm Beach, FL | admission@oapb.org | 561.972.9826 Third place, No. 61, Kyle Fourth place, No. 42, Jared
Oakes, 34, Deland Howell, 33, Clewiston