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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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