Page 10 - Juoiter Spotlight - November '22
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Page 10, Jupiter Spotlight
      Financial Focus

       What Should You Know                              doesn’t offer as many investment choices as you want,   similar employer-sponsored retirement plan to an IRA. This

       About IRA Rollovers?                              then you might choose to move your IRA assets to another   can occur when you retire or change jobs, although if you do
                                                                                                           take on another job, you might have the options of leaving
                                                         provider. How should you go about making this switch?
                                                           Here are some options to consider:              your 401(k) with your former employer or rolling it over into
       By Sally Sima Stahl                                 • Trustee-to-trustee transfer or direct rollover – You can   your new employer’s plan. However, if you do want to move
         If you’ve been                                  ask the financial institution holding your IRA to move the   your 401(k) funds into an IRA, you can make what’s known
       contributing to an IRA,                           money directly to another IRA. No taxes will be withheld   as a direct rollover, in which the administrator of your old
       you’ve chosen a great                             from the amount transferred at the time of the transfer. This   retirement plan will send you a check made payable to the
       way to save and invest                            method is generally hassle-free, but some IRA sponsors will   custodian of your IRA. No taxes will be withheld, but you
       for retirement. All IRAs                          still only mail the check to your address of record, so you’d   need to get the funds transferred within 60 days to avoid
       have potential tax benefits                       have to forward it to your new IRA.               any potential tax issues.
       and a range of investment                           • Indirect rollover – If you take an indirect rollover, also     You spend years contributing to your IRA and 401(k) —
       possibilities, but not all                        known as a 60-day rollover, the assets from your existing   and for good reason. So, when it’s time to move that money,
       IRA providers offer the                           IRA will be liquidated and the custodian or plan sponsor   be careful and consider getting help from your financial and
       same features. So, if you                         will send you a check or deposit the funds directly into your   tax professionals. These funds can play a big role in your
       decide that your current IRA                      bank or brokerage account. This payment may be subject to   retirement income, so manage them wisely.
       provider is charging higher fees than you’d like, or perhaps   withholding for federal taxes, and possibly state taxes, unless     This article was written by Edward Jones for use by
                                                         you opt out of withholding. You have 60 calendar days from   your local Edward Jones Financial Advisor, Edward Jones,
        Language Based                                   the time the funds were withdrawn to deposit the money,   Member SIPC.
                                                         including any amount withheld, into a new IRA. If you miss
                                                                                                             Edward  Jones  is  a  licensed  insurance  producer  in
                                                                                                           all  states  and  Washington,  D.C.,  through  Edward  D.
                                                         this 60-day deadline, the withdrawal may be taxable at your
        Learning Disabilities                            personal income tax rate, and it could also be subject to an   Jones & Co., L.P., and in California, New Mexico and
                                                         early withdrawal penalty if you’re younger than 59½.
                                                                                                           Massachusetts through Edward Jones Insurance Agency
                                                           Given the immediate withholding and the possibility of   of California, L.L.C.; Edward Jones Insurance Agency of
        By Jim Forgan, Ph.D.,                            further taxes if you don’t move the money into a new IRA   New Mexico, L.L.C.; and Edward Jones Insurance Agency
        School Psychologist                              before the 60 days are up, you’ve got much to consider   of Massachusetts, L.L.C.
          Your child’s smart but                         before initiating an indirect rollover. Consequently, you     Edward Jones, its employees and financial advisors
        has unexpected struggles.                        should consult with a financial advisor and tax professional   cannot provide tax advice. You should consult your qualified
        Perhaps it worries you so                        before you make this type of move.                tax advisor regarding your situation.
        much that you awake during                         In addition to a rollover from an existing IRA, you may     Contact us at (561) 748-7600, Sally Sima Stahl, AAMS,
        the night thinking about                         someday want to move the money from your 401(k) or   1851 W. Indiantown Road, Ste. 106, Jupiter, FL 33458.
        your child’s difficulties.
        There is a subset of children
        who have language-based                           Medicare Corner With Kathy O
        learning disabilities which
        interfere with learning.
        Language infiltrates all areas of life from our thinking to our     As  an insurance               with United Healthcare Medicare plans encouraged me
        talking. When a child has difficulty processing language, they   agent who specializes             to take the training necessary to be appointed and I
        often struggle in reading, spelling, writing, and with math   in Medicare plans, I am              joined him in 2013 working with Medicare consumers.
        word problems since these areas require language.   often asked  “why do I                         My mom was my first client.
          A language-based learning disability refers to a spectrum   need a local agent?”                   Many people are great at Internet research and can
        of difficulties related to the understanding and use of spoken   Me di c a re  c a n be            analyze and choose a plan that works for them. But
        and written language. A language-based learning disability   complex and confusing                 did you know; if you choose a plan and enroll, you
        is often the root cause of a child’s academic struggles since   with all the different             cannot add a local agent later? Your only resource is
        weak language skills impede comprehension, oral and   options and all the                          the 800 number on the back of your card.
        written communication. It can also interfere with your   mailers, commercials                        Most extra benefits of a local agent happen after
        child’s attention, memory, social skills, perseverance, and   that promise the moon,               you enroll. I am a resource for my members. I can
        self-regulation. A child can have a general language-based   suggestions,  “facts”  or             reorder lost cards, answer benefit questions, give a list
        learning disability or a specific type such as dyslexia or   stories you might hear from friends, relatives or   of specialists, review notices, claim statements and so
        dysgraphia.                                        neighbors. In fact, my mom fell into this web of   much more. The best part is there is no cost to you the
          Warning signs of a language-based learning disability in   confusion, and I watched her struggle with navigating   Medicare recipient!
        young children include: a history of a speech and language   plans  as she moved between North Carolina  and     I’m an educator of Medicare Basics: I guide you
        impairment (remediated or ongoing), poor phonics,   Florida and during annual enrollment each year. She   through enrollment. We meet one on one to review
        slow choppy reading, poor reading comprehension,   had complex medical issues and a fixed income so   and analyze your specific health situation and needs.
        difficulty following multi-step verbal directions, difficulty   additional benefits were very important to her. When I   We review the features and benefits and limitations
        putting thoughts into writing, forgetting small sight   would ask her questions about her coverage, she had no   of plans. I also look up costs of medications, check
        words, knowing what to say but difficulty getting it out,   idea and no one to turn to for help. It broke my heart to   out doctors and networks and compare multiple plans
        difficulty getting to the point when speaking, and poor test   see her struggle and frustrated me that I didn’t have the   with you.
        performance despite having studied.                knowledge to help her. I had a life and health license     I  speak  Medicare:  Supplement,  Drug  Plan  and
          Some students with language-based learning disabilities   since 2008 but was only trained in life insurance. I   Advantage Plan.
        are diagnosed young while other children perform well in   also did customer service for property and casualty     For a free Medicare Plan review please call me.
        early elementary school and are diagnosed later when the   but could not offer my own mom the type of support I           Kathy Olejniczak, Agent,
        demands of language in middle or high school increase.   could give my clients at work. A close friend working                    (561) 212-7640
        In addition, adolescents with a language-based learning
        disability have difficulty managing the heavy reading load
        from multiple classes.
          Most individuals with a language-based learning disability
        need instruction that is specialized, explicit, structured, and
        multisensory, as well as ongoing, guided practice aimed at
        helping their specific areas of weakness. School is often a
        struggle for kids with a language-based learning disability but   Peripheral
        once you get them through school, these smart kids inherit
        a world of opportunities.                             Neuropathy?
          If you need help with your child call as we test
        children ages 5.5 through college for language based
        learning disabilities, dyslexia, ADHD, depression,   FREE Consultation
        anxiety, and other processing disorders. Visit JimForgan.
        com or call (561) 625-4125.
                                                            for Acupuncture

        Captain’s was established in 1980 servicing
        Palm Beach County and is a privately
        owned and managed company.                                                                                      561-745-1002
        Captain’s is committed to providing
        dependable, reliable and professional
        ground transportation to and from all               THE PATIENT AND ANY OTHER PERSON RESPONSIBLE FOR PAYMENT HAS THE RIGHT TO   654 West Indiantown
        South Florida Airports and Seaports.  PBCVH212      REFUSE TO PAY, CANCEL PAYMENT OR BE REIMBURSED FOR PAYMENT FOR ANY OTHER   Road, Jupiter, FL 33458
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       561-798-2180 or 800-634-7890  OR REDUCED FEE SERVICES, EXAMINATION OR TREATMENT.
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