Page 12 - Talk of Tequesta - October '21

Page 12, The Talk Of Tequesta

finanCial foCus

What Does Retirement Security Mean To You?

By Sally Sima Stahl

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

in your CommuniTy

Wills • Trusts • Estate Planning • Probate

Local Church Gets Taxation • Real Estate • Corporations

New Reverend

The First Presbyterian
Church of Tequesta,
482 T equesta
Drive, Tequesta,
Fla., announces
the appointment of
Rev. Kathleen Dain
as Interim Pastor
effective Oct. 1. Rev.
Dain is an ordained
minister with the
Presbyterian Church
U.S.A. and the Church of Scotland. She has a bachelor’s Diane L. KarLiK
degree in broadcast journalism from Central Michigan
University and Master of Divinity from Pittsburgh
Theological Seminary. She served as executive director
for Beth-El Farmworker Ministry in Wimauma, Fla. Prior Tel: (561) 625-5220
to entering ministry, Dain worked in sales and television 3450 Northlake Boulevard Suite 210 Fax: (561) 625-5201• Mobile: (561) 797-5004
production. Her shift to ministry was featured in a 2013 Palm Beach Gardens, FL 33403 EMail: dlkarlik@aol.com
Wall Street Journal article “Leap of Faith.”