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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