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
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