Page 10 - Jupiter West - April '22
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Page 10, Jupiter West
      Financial Focus




      Will Your Money Last As                              • Seek out sources of guaranteed income. As a retiree,     It will take dedication and determination to help ensure
                                                                                                           your money doesn’t run out during your lifetime. But
                                                         you will receive Social Security benefits – and the longer
      Long As You Do?                                    you wait before claiming them, the bigger your monthly   you’d probably agree that it’s well worth the effort.
                                                         checks will be. But you might also consider investments     This article was written by Edward Jones for use by
      By Sally Sima Stahl                                that can provide a source of income you can’t outlive,   your local Edward Jones Financial Advisor, Edward
        We all hope for long,                            such as annuities.                                Jones, Member SIPC.
      healthy lives. But there’s                           •  Revisit your strategy before you retire. As  you     Edward  Jones  is  a  licensed  insurance  producer  in
      a serious “side effect” of                         near retirement, you may want to review your investment   all states and Washington, D.C., through Edward D.
      longevity – the possibility of                     strategy, possibly adjusting your risk level so that your   Jones & Co., L.P., and in California, New Mexico and
      outliving our money. How                           portfolio would be somewhat less susceptible to market   Massachusetts through Edward Jones Insurance Agency
      can you help prevent this?                         volatility. This is also a good time to review your spending   of California, L.L.C.; Edward Jones Insurance Agency
        It’s useful to know the                          needs in retirement.                              of New Mexico, L.L.C.; and Edward Jones Insurance
      seriousness of the threat.                           • Maintain a reasonable withdrawal rate. Once you   Agency of Massachusetts, L.L.C.
      Consider this: About 41                            are retired, you’ll likely need to start withdrawing from your     Edward Jones, its employees and financial advisors
      percent of all U.S. homes                          401(k), IRA and other investment accounts. To avoid taking   cannot provide tax advice. You should consult your
      in which the head of the                           out too much money too early in your retirement, you’ll need   qualified tax advisor regarding your situation.
      household is between 35 and 64 are projected to run   to set a reasonable, sustainable withdrawal rate based on your     Contact us at (561) 748-7600, Sally Sima Stahl, AAMS,
      short of money in retirement, according to the Employee   assets, age and retirement lifestyle. A financial advisor can   1851 W. Indiantown Road, Ste. 106, Jupiter, FL 33458.
      Benefit Research Institute.                        help you determine an appropriate rate.
        While this statistic indicates a cause for concern, it
      certainly doesn’t mean that you are necessarily headed
      and manage enough resources to last a lifetime. Here are  Could It Be Dyslexia?
      for trouble – because there’s a lot you can do to help build
      a few suggestions:
        • Consider your estimated longevity. On average,   By Jim Forgan, Ph.D.,                           learning to read slower, more time intensive, and it
      a 65-year-old man can expect to live another 17 years,   Licensed School                             can be frustrating for your child and you.
      while a 65-year-old woman can anticipate about 20 years,   Psychologist                                If your child is dyslexic, he or she requires
      according to the Centers for Disease Control. Of course,     Many kids struggle                      specialized reading instruction much different from
      you’ll want to take into account your health and family   with reading but not                       what the public schools offer in general education
      history of longevity to arrive at a reasonable estimate.   all struggles are due to                  classrooms. Without this your child may start to feel
      You can then use this figure to help determine how much   dyslexia. There are many                   dumb about reading and develop low self-esteem. Not
      money you’ll eventually need. To play it safe, you might   reasons why smart kids                    many schools teach reading using Orton-Gillingham
      even want to try to build an income stream that can last   struggle with reading.                    based multisensory reading instruction. If you suspect
      beyond your estimated lifespan, possibly up to age 90.   Some have not been                          your child has dyslexia get testing and start specialized
        • Don’t overlook health care costs. When budgeting   taught using the optimal                      instruction  using  Orton  Gillingham  based  reading
      for retirement, allow enough for your health care expenses,   reading program, other                 instruction or instruction at a Lindamood Bell reading
      which can be considerable. Even with Medicare, you can   kids have gaps due to the instruction during COVID,   center. Many parents teach their own child using the
      expect to spend anywhere from $4,500 to $6,500 per year,   while still others have problems with memory or   Orton-Gillingham  influenced  Barton  Reading  and
      per person, for traditional medical costs. Also, you may   phonics.                                  Spelling System.
      want to prepare for two to three years of long-term care     Dyslexia as a broad term for a language-based     We specialize in identifying reading difficulty and
      expenses, which currently range from about $50,000 per   learning disability.  This implies your child might   solutions for helping your child. Contact us so you can
      year for home health care to over $100,000 per year for   have difficulty with pronouncing unfamiliar words,   pinpoint how to best help your child.
      a private room in a nursing home.                    spelling words, reading fluently, and understanding.     Dr. Forgan is a licensed school psychologist and
        • Keep building assets for retirement. While you’re   Dyslexics often have a breakdown in one or more   certified dyslexia testing specialist who can evaluate
      working, constantly try to put away as much money as   of these processing areas: the awareness of sounds,   your child for  ADHD, gifted, dyslexia, and other
      possible for your retirement years. Each year your salary   remembering sounds, or rapidly naming which is   concerns. Call 625-4125 or visit JimForgan.com.
      goes up, increase your contributions to your 401(k) or   related to reading speed.  This breakdown makes
      similar employer-sponsored retirement plan. You may
      also want to contribute to an IRA, depending on your
      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
      goals and risk tolerance.

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