Page 7 - The Shores of Jupiter - November '22
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The Shores, Page 7
      Financial Focus



      What Should You Know                               including any amount withheld, into a new IRA. If you miss     Edward Jones, its employees and financial advisors cannot

      About IRA Rollovers?                               this 60-day deadline, the withdrawal may be taxable at your   provide tax advice. You should consult your qualified tax
                                                                                                           advisor regarding your situation.
                                                         personal income tax rate, and it could also be subject to an
                                                         early withdrawal penalty if you’re younger than 59½.     Contact us at (561) 748-7600, Sally Sima Stahl, AAMS,
      By Sally Sima Stahl                                  Given the immediate withholding and the possibility of   1851 W. Indiantown Road, Ste. 106, Jupiter, FL 33458.
        If you’ve been contributing                      further taxes if you don’t move the money into a new IRA
      to an IRA, you’ve chosen a                         before the 60 days are up, you’ve got much to consider before
      great way to save and invest                       initiating an indirect rollover. Consequently, you should   Language Based
      for retirement. All IRAs                           consult with a financial advisor and tax professional before
      have potential tax benefits                        you make this type of move.                        Learning Disabilities
      and a range of investment                            In addition to a rollover from an existing IRA, you may
      possibilities, but not all IRA                     someday want to move the money from your 401(k) or similar
      providers offer the same                           employer-sponsored retirement plan to an IRA. This can occur   By Jim Forgan, Ph.D.,
      features. So, if you decide that                   when you retire or change jobs, although if you do take on   School Psychologist
      your current IRA provider is                       another job, you might have the options of leaving your 401(k)     Your child’s smart but
      charging higher fees than                          with your former employer or rolling it over into your new   has unexpected struggles.
      you’d like, or perhaps doesn’t offer as many investment   employer’s plan. However, if you do want to move your 401(k)   Perhaps it worries you so
      choices as you want, then you might choose to move your IRA   funds into an IRA, you can make what’s known as a direct   much that you awake during
      assets to another provider. How should you go about making   rollover, in which the administrator of your old retirement plan   the night thinking about
      this switch?                                       will send you a check made payable to the custodian of your   your child’s difficulties.
        Here are some options to consider:               IRA. No taxes will be withheld, but you need to get the funds   There is a subset of children
        • Trustee-to-trustee transfer or direct rollover – You can ask   transferred within 60 days to avoid any potential tax issues.   who have language-based
      the financial institution holding your IRA to move the money     You spend years contributing to your IRA and 401(k) —   learning disabilities which
      directly to another IRA. No taxes will be withheld from the   and for good reason. So, when it’s time to move that money,   interfere with learning.
      amount transferred at the time of the transfer. This method is   be careful and consider getting help from your financial and   Language infiltrates all areas of life from our thinking to our
      generally hassle-free, but some IRA sponsors will still only   tax professionals. These funds can play a big role in your   talking. When a child has difficulty processing language, they
      mail the check to your address of record, so you’d have to   retirement income, so manage them wisely.  often struggle in reading, spelling, writing, and with math
      forward it to your new IRA.                          This article was written by Edward Jones for use by your   word problems since these areas require language.
        • Indirect rollover – If you take an indirect rollover, also   local Edward Jones Financial Advisor, Edward Jones, Member     A language-based learning disability refers to a spectrum
      known as a 60-day rollover, the assets from your existing   SIPC.                                     of difficulties related to the understanding and use of spoken
      IRA will be liquidated and the custodian or plan sponsor     Edward Jones is a licensed insurance producer in all states   and written language. A language-based learning disability
      will send you a check or deposit the funds directly into your   and Washington, D.C., through Edward D. Jones & Co., L.P.,   is often the root cause of a child’s academic struggles since
      bank or brokerage account. This payment may be subject to   and in California, New Mexico and Massachusetts through   weak language skills impede comprehension, oral and
      withholding for federal taxes, and possibly state taxes, unless   Edward Jones Insurance Agency of California, L.L.C.; Edward   written communication. It can also interfere with your
      you opt out of withholding. You have 60 calendar days from   Jones Insurance Agency of New Mexico, L.L.C.; and Edward   child’s attention, memory, social skills, perseverance, and
      the time the funds were withdrawn to deposit the money,   Jones Insurance Agency of Massachusetts, L.L.C.  self-regulation. A child can have a general language-based
                                                                                                            learning disability or a specific type such as dyslexia or
                                                                                                            dysgraphia.

            SOLD                                6691 Lost Lake Ct.                                            Warning signs of a language-based learning disability in
           $460,000                               Lot available for purchase                                young children include: a history of a speech and language
                                                     or build to suit.                                      impairment (remediated or ongoing), poor phonics,
                                                  Call Tracey for more info                                 slow choppy reading, poor reading comprehension,
                                                                                                            difficulty following multi-step verbal directions, difficulty
           UnDer                                 102 Jeanette Way                                           putting thoughts into writing, forgetting small sight
          COntraCt                              Meticulously maintained and
                                                upgraded four bedroom pool                                  words, knowing what to say but difficulty getting it out,
                                                home in the gated community                                 difficulty getting to the point when speaking, and poor test
                                                 of The Preserve at Jupiter.                                performance despite having studied.

          COming              Shorewood Estates                                                               Some students with language-based learning disabilities
           SOOn
                     3 bedroom plus Den, 3 baths, pool home on .32 acres                                    are diagnosed young while other children perform well in
        Your Shores Specialist               Call for any Real Estate                                       early elementary school and are diagnosed later when the
                                                                                                            demands of language in middle or high school increase.
                                               questions or needs
                                                                                                            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
                                                                                                            once you get them through school, these smart kids inherit
                                                                                                            a world of opportunities.
                                                                                                              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,
                                                                                                            anxiety, and other processing disorders. Visit JimForgan.
                                                                                                            com or call (561) 625-4125.



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