Page 10 - Jupiter Spotlight - April '22
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Page 10, Jupiter Spotlight
Financial Focus It’s The Law!
Did You Know That, In handle (speaking to doctors, accessing medical records,
Will Your Money Last As Florida… applying for benefits, etc.). A durable power of attorney
(for financial matters) designates a person to act as the
Long As You Do? attorney-in-fact (AIF) to make financial decisions – and
By Adam S. Gumson, Esq. is not revoked upon incapacity.
By Sally Sima Stahl Did you win the lottery? In a divorce action, there is no “community property.”
We all hope for Print your name on the back Florida courts follow the doctrine of equitable
long, healthy lives. But of the ticket and complete distribution when dividing marital assets, which means
there’s a serious “side the information requested that the distribution of assets is supposed to be “fair,”
effect” of longevity – the there immediately. A albeit not necessarily equal.
possibility of outliving winning lottery ticket is With both distribution methods, each spouse receives
our money. How can you like a check: Anyone in some share of marital property. The difference between
help prevent this? possession of it can present the two methods is how the court determines each
It’s useful to know the it, along with a government spouse’s share of marital property.
seriousness of the threat. issued identification card JUPITER LAW CENTER is a private neighborhood
Consider this: About 41 (and Winner Claim Form law firm located in the RiverPlace Professional Center,
percent of all U.S. homes if over $600) and walk away with the winnings. Don’t 1003 W. Indiantown Road, Suite 210, Jupiter, Fla., (561)
in which the head of the household is between 35 and make any other alterations as doing so could delay the 744-4600, jupiterlawcenter.com. The firm provides
64 are projected to run short of money in retirement, payment of your winnings. peace of mind by solving problems with integrity and
according to the Employee Benefit Research Institute. A guardian is a surrogate decision-maker appointed compassion in the areas of estate planning (wills and
While this statistic indicates a cause for concern, it by the court to make either personal and/or financial trusts, powers of attorney, health care surrogates, living
certainly doesn’t mean that you are necessarily headed decisions for a minor or for an adult with mental or wills, probate estates, succession planning, contracts
for trouble – because there’s a lot you can do to help build physical disabilities. After adjudication, the subject of and purchase/sale agreements), family law (divorce,
and manage enough resources to last a lifetime. Here are the guardianship is called the ward. paternity, child support and time sharing, alimony,
a few suggestions: A durable power of attorney (for health care), often property distribution, modifications, collaborative law,
• Consider your estimated longevity. On average, called a health care surrogate, designates someone to pre/post nuptial agreements) and real estate (community
a 65-year-old man can expect to live another 17 years, make medical decisions if the person is incapacitated association law, residential and commercial transactions,
while a 65-year-old woman can anticipate about 20 years, and defines what type of matters that designee can deeds, closings).
according to the Centers for Disease Control. Of course,
you’ll want to take into account your health and family
history of longevity to arrive at a reasonable estimate.
You can then use this figure to help determine how much “Service is our number one priority”
money you’ll eventually need. To play it safe, you might
even want to try to build an income stream that can last 561-743-0070
beyond your estimated lifespan, possibly up to age 90.
• Don’t overlook health care costs. When budgeting www.palmspoolservices.com
for retirement, allow enough for your health care expenses,
which can be considerable. Even with Medicare, you can
expect to spend anywhere from $4,500 to $6,500 per year,
per person, for traditional medical costs. Also, you may
want to prepare for two to three years of long-term care
expenses, which currently range from about $50,000 per
year for home health care to over $100,000 per year for
a private room in a nursing home.
• Keep building assets for retirement. While you’re
working, constantly try to put away as much money as
possible for your retirement years. Each year your salary
goes up, increase your contributions to your 401(k) or
similar employer-sponsored retirement plan. You may
also want to contribute to an IRA, depending on your Expires 4/30/22.
goals. And within your retirement savings, make sure
you devote a reasonable percentage of your investment
dollars to growth-oriented vehicles that align with your State Licensed & Insured
goals and risk tolerance. Serving Palm Beach County CPC # 1457468 • LPG#30099
• Seek out sources of guaranteed income. As a retiree,
you will receive Social Security benefits – and the longer
you wait before claiming them, the bigger your monthly
checks will be. But you might also consider investments
that can provide a source of income you can’t outlive,
such as annuities.
• Revisit your strategy before you retire. As you
near retirement, you may want to review your investment
strategy, possibly adjusting your risk level so that your NoN-Toxic cancer immunotherapy
portfolio would be somewhat less susceptible to market
volatility. This is also a good time to review your spending
needs in retirement.
• Maintain a reasonable withdrawal rate. Once you Available NoW
are retired, you’ll likely need to start withdrawing from your
401(k), IRA and other investment accounts. To avoid taking Safe and Effective!
out too much money too early in your retirement, you’ll need
to set a reasonable, sustainable withdrawal rate based on your
assets, age and retirement lifestyle. A financial advisor can This is the Original Immunotherapy that
help you determine an appropriate rate.
It will take dedication and determination to help ensure balances and optimizes your immune system to
your money doesn’t run out during your lifetime. But fight almost any type of cancer.
you’d probably agree that it’s well worth the effort.
This article was written by Edward Jones for use by
your local Edward Jones Financial Advisor, Edward Hundreds of successes over the years.
Jones, Member SIPC.
Edward Jones is a licensed insurance producer in Continuously available since 1977
all states and Washington, D.C., through Edward D.
Jones & Co., L.P., and in California, New Mexico and in Freeport, Grand Bahama Island
Massachusetts through Edward Jones Insurance Agency
of California, L.L.C.; Edward Jones Insurance Agency of
New Mexico, L.L.C.; and Edward Jones Insurance Agency See our website for more info:
of Massachusetts, L.L.C.
Edward Jones, its employees and financial advisors www.Quantumimmunotherapy.net
cannot provide tax advice. You should consult your
qualified tax advisor regarding your situation. or call for more information: Toll-free number (561) 766-0878
Contact us at (561) 748-7600, Sally Sima Stahl, AAMS,
1851 W. Indiantown Road, Ste. 106, Jupiter, FL 33458. Email: Quantimmuno@gmail.com