Page 10 - Jupiter West - August '22

Page 10, Jupiter West

Financial Focus Young Friends Of Palm Beach

When Can You Choose Symphony And The Norton Museum

Retirement? Of Art Celebrated The End Of The

By Sally Sima Stahl
If you’re like most Social Season Together
people, your work has been
a central part of your life.
So, wouldn’t it be nice In a soaring social season finale that hit
to have the flexibility to all the right notes, Young Friends of Palm
decide when you no longer Beach Symphony and Young Friends of the
want to work? Norton Museum of Art enjoyed cocktails
Many people of and an intimate recital in the Great Hall at
retirement age have the Norton Museum.
achieved this type of “Tonight we celebrate the performing
control. In fact, two-thirds and visual arts as well as the longstanding,
of workers ages 65 and older say they work primarily because collaborative partnership between the Norton
they want to, not because they have to, according to a 2021 Museum and Palm Beach Symphony,” said
study by Edward Jones and Age Wave. But that means Norton Museum of Art Chief Development
that one-third of workers in this age group feel financially Officer Abby Ashley as she welcomed the
compelled to work. This doesn’t necessarily mean they exuberant crowd.
dislike the work they do — but it’s probably fair to say they The event featured the three winners of the
would have liked the option of not working. How can you season’s inaugural Mary Hilem Taylor Music Anderson Tallent, Bryan Garces, Christina Calderaio, Isora and Steve Sherman
give yourself this choice? Scholarship Competition which provides
You can start by asking yourself these questions: scholarships and performance opportunities to students of “Felicia Taylor Gottsegen, who created the scholarship, is
• When do I want to retire? You’ll want to identify the strings, woodwinds, brass and percussion who are between 18 here this evening,” said Palm Beach Symphony CEO David
age at which you wish to retire. You may change your mind to 24 years of age and reside or are enrolled at an educational McClymont. “Felicia is also a supporter of the Norton, which
later and move this date up or back, but it’s a good idea to institution in the tri-county South Florida area. is a testament to all of our supporters who understand the
have a target in mind. value of cultural organizations here in Palm Beach County.
• What sort of retirement lifestyle do I want? When you Both the symphony and the Norton are grateful for each and
retire, do you anticipate staying close to home and pursuing every one of you.”
your hobbies or do you hope to travel the world? Would Scholarship competition winners Katie Riley, Alexandre
you like to spend your time volunteering? Open your own Meyer and Rafael Mendez, who received a total of $24,500
business or do some consulting? Clearly, some of these in scholarship cash prizes, performed alongside Palm
choices will require more resources than others, so you’ll Beach Symphony principal musicians Valentin Mansurov,
want to follow a financial strategy that aligns with the Chauncey Patterson, Laura Sherman and Sheng-Yuan Kuan
retirement lifestyle you intend to pursue. as well as section players Marina Lenau and Brent Charran.
• Am I saving and investing enough? As you chart your Following the performance, attendees voted to award an
course toward your retirement journey, you’ll want to assess additional $500 prize to Riley.
the sources of income you’ll have available. If you think you Other attendees included Palm Beach Symphony Music
may be falling short of achieving your retirement goals, you Adam Wolek, Todd Dahlstrom, and David McClymont Director Gerard Schwarz and his wife Jody, Otto Berges,
may need to consider saving more. Todd Dahlstrom, Bryan Garces, Carla Georgiades, Carl
• When should I start taking Social Security? You can Hildebrand, Morgan Hosseinipour, Aramas Kaloustian,
begin collecting Social Security benefits as early as 62, but Nicholas and Courtney Lala, Lindsay Scherr, Michele
your monthly payments will be much bigger if you wait until Schimmel, Kate Stamm, Olga and Serge Strosberg, Ryan
your “full” retirement age, which will likely be between 66 Swenson, Anderson Tallent, Krystian von Speidel and
and 67. Your decision about when to take Social Security Adam Wolek.
will depend on several factors, including your other sources For more information on membership with The Young
of income and your family history of longevity. Of course, as Friends of Palm Beach Symphony, contact (561) 655-2657
you’re probably aware, the Social Security system is facing or register online at www.palmbeachsymphony.org. To join
significant financial stress, so it’s possible that we may see the Young Friends of the Norton Museum of Art, visit norton.
changes to Social Security, based on actions Congress could org/youngfriends or call (561) 659-6786.
take. In any case, you might want to be fairly conservative
in estimating how much Social Security can contribute to Megan Clark, Kate Stamp and Susan Dyer Young Friends Of Palm Beach Symphony on page 11
your retirement income.
By addressing the above questions, you can get a clearer
sense of when you might reach the point at which work is
optional. But you’ll also need to consider other factors, too, BUILDING LIFE’S CHAMPIONS
such as how much you enjoy working or when your spouse or
partner is planning to retire. In any case, the sooner you start
planning for this next phase of your life, the better position imagine collaborative personalized insightful creative learning
you’ll be in when it’s time to make the transition.
This article was written by Edward Jones for use by
your local Edward Jones Financial Advisor, Edward Jones,
Member SIPC.
Edward Jones is a licensed insurance producer in
all states and Washington, D.C., through Edward D.
Jones & Co., L.P., and in California, New Mexico and
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
of Massachusetts, L.L.C.
Edward Jones, its employees and financial advisors
cannot provide tax advice. You should consult your qualified
tax advisor regarding your situation.
Contact us at (561) 748-7600, Sally Sima Stahl, AAMS,
1851 W. Indiantown Road, Ste. 106, Jupiter, FL 33458.

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