Page 10 - Jupiter West - October '22

Page 10, Jupiter West
Financial Focus

Should You Consolidate In fact, at the end of 2021, there were nearly 25 million • Greater ease in calculating RMDs – Once you turn 72,
you will need to start taking withdrawals — called required
forgotten 401(k) accounts, worth about 20 percent of all
Retirement Accounts? 401(k) assets, according to an estimate by Capitalize, a minimum distributions, or RMDs — from your traditional
financial services company that helps individuals roll over IRA and your 401(k) or similar plan. If you don’t take out
By Sally Sima Stahl retirement plan assets into new accounts. It’s possible that at least the minimal amount, which is based on your age and
One of the rewards for employers can even move small, old accounts out of their account balance, you could face a penalty. If you have several
working over several decades 401(k) plans and into an IRA on behalf of their former accounts, with different providers, it could be cumbersome
is the ability to contribute to employees, thus increasing the chances that savers will and difficult to calculate your RMDs — it will be much easier
tax-advantaged retirement lose track of their money. By consolidating your retirement with all accounts under one roof.
accounts, which can help plans with one provider, you can ensure you don’t lose So, if you do have multiple retirement accounts, give
provide needed income for track of your hard-earned money. some thought to consolidating them. The consolidation
you when you do retire. As the • Ability to follow a unified strategy – With multiple process is not difficult, and the end result may save you time
years went by, you may well retirement accounts, and different investment portfolios, and hassles, while also helping you manage your retirement
have accumulated several you might find it difficult to maintain a unified financial income more effectively.
retirement accounts, such as strategy that’s appropriate for your goals and risk This article was written by Edward Jones for use by
IRAs and 401(k)s or similar tolerance. But once you’ve consolidated accounts with your local Edward Jones Financial Advisor, Edward Jones,
employer-sponsored plans. But you might find it advantageous a single provider, you’ll find it easier to manage your Member SIPC.
to consolidate these accounts with a single provider. investment mix and to rebalance your portfolio as needed. Edward Jones is a licensed insurance producer in all states
Consolidating them can provide you with several potential The need to rebalance may become more important as you and Washington, D.C., through Edward D. Jones & Co., L.P.,
benefits, including these: near retirement because you may want to shift some of and in California, New Mexico and Massachusetts through
• Less confusion and clutter – If you have multiple your assets into investments that aren’t as susceptible to Edward Jones Insurance Agency of California, L.L.C.;
accounts in different locations, it may be difficult to keep swings in the financial markets. Edward Jones Insurance Agency of New Mexico, L.L.C.; and
track of tax documents, statements, fees, disclosures and • Possible improvement in investment options – Often, Edward Jones Insurance Agency of Massachusetts, L.L.C.
other important information. Consolidating accounts could 401(k)s may have limited investment selection, so Edward Jones, its employees and financial advisors
help provide clear, simplified account maintenance. consolidating accounts with a full-service firm may allow cannot provide tax advice. You should consult your qualified
• Less likelihood of “lost accounts” – It may be hard to for a wider array of products and strategies. This broader tax advisor regarding your situation.
believe, but many people abandon their retirement accounts, exposure can potentially help you improve your overall Contact us at (561) 748-7600, Sally Sima Stahl, AAMS,
leaving thousands of dollars behind and unclaimed. retirement income strategies. 1851 W. Indiantown Road, Ste. 106, Jupiter, FL 33458.
Volunteers Welcome At Equine Rescue

And Adoption Foundation (ERAF)

Many people like horses but have no opportunity opportunities, such as those listed above, have more
to be around them. The Equine Rescue and Adoption flexible hours.
Foundation (ERAF) in Palm City has many volunteer Junior volunteers, ages 10 and up, are welcome. Junior
opportunities available that will give you a chance to be volunteers under 16 must be accompanied and supervised
around horses and help care for them. Equine experience by a parent/guardian at all times.
is not required to participate but training is provided. If you are interested in becoming a volunteer, please
There are a variety of ways to participate including stable visit the volunteer page on the eraf.org website and submit
maintenance, horse care, social media, donor outreach and the online interest form. A volunteer registration form
fundraising, administrative assistance, landscaping and will then be sent to you for completion.
grounds maintenance and community outreach such as Volunteer orientations are held the first Saturday of
visiting schools or making group presentations. every month with a few exceptions. Upcoming dates are
When working barn and paddock chores, volunteers Sept. 10, Oct. 1, Nov. 5 and Dec. 3. Future dates can be
work specific shifts and tasks. The shifts are 8 to 11 a.m. found on the website. There is a $25 individual or $30
and 2 to 5 p.m. daily, seven days a week. Other volunteer per household volunteer registration fee.
Founded in 2000, ERAF is a 501(c)(3) nonprofit
organization devoted to the rescue, rehabilitation,
retraining, and adoption of abused, neglected, abandoned,
and slaughter-bound horses. You may contact ERAF at Among other activities, volunteers shower off the horses to
(772) 220-0150 or by email at eraf2000@gmail.com. keep them cool and clean.
ERAF is located at 6400 Martin Highway, Palm City. Photo by Beverly Jones

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