Page 6 - Jupiter Spotlight - December '22

Page 6, Jupiter Spotlight
Financial Focus

Avoid Becoming “Burden” On • Plan for health care costs. Once you are retired, • Evaluate your housing needs. As you enter retirement,
health care costs will be a significant expense. You may
you may want to evaluate your living situation. Could you
Grown Children have Medicare, but you’ll also want to consider your need downsize to a smaller home, or perhaps a condominium
for supplemental health insurance to cover traditional or apartment? Not only might you save money with such
By Sally Sima Stahl medical costs. And you’ll want to consider another a move, but you could also end up relieving your grown
Here’s an interesting potential health-related expense: long-term care. You may children of the responsibilities and hassles involved in
statistic: Some 72 percent never need the services of a home health aide or a stay clearing out and selling your home should you become
of retirees say one of their in a nursing home, but no one can predict the future. unable to do so yourself during the later years of your
biggest fears is becoming Medicare does not cover most costs for long-term care, retirement.
a burden on their families, which can be quite high. In 2021, the annual national By taking these measures, along with others, you can
according to a 2021 survey median cost for a private room in a nursing home was go a long way toward maintaining your independence
by Age Wave and Edward over $108,000, while the median cost for a full-time home and putting yourself in a place where you won’t burden
Jones. Both before and health aide was nearly $62,000, according to a survey your grown children. And that’s a good place to be.
during retirement, what by Genworth, an insurance company. You may want to This article was written by Edward Jones for use by
steps can you take to avoid consult with a financial professional on strategies for your local Edward Jones Financial Advisor, Edward
burdening your loved ones protecting yourself from these costs. Jones, Member SIPC.
in the future? • Create necessary legal documents. If something were Edward Jones is a licensed insurance producer in
Here are a few suggestions: to happen to you, and you didn’t have the appropriate all states and Washington, D.C., through Edward D.
• Build your retirement savings. The greater your financial legal documents in place, your loved ones could be placed Jones & Co., L.P., and in California, New Mexico and
resources, the less likely it becomes that you’d ever have to in a bind, both financially and emotionally. That’s why Massachusetts through Edward Jones Insurance Agency
count on your grown children for financial support. You may it’s a good idea to create documents such as a durable of California, L.L.C.; Edward Jones Insurance Agency
have access to a 401(k) or similar retirement plan at work, financial power of attorney, which lets you name someone of New Mexico, L.L.C.; and Edward Jones Insurance
so take advantage of it. Even with an employer-sponsored to manage your finances if you became incapacitated, and Agency of Massachusetts, L.L.C.
plan, you also may be eligible to contribute to an IRA. In a durable power of attorney for health care, which allows Edward Jones, its employees and financial advisors
addition to offering a variety of investment options, a 401(k) someone to make medical decisions on your behalf if you cannot provide tax advice. You should consult your
and IRA provide potential tax advantages. And once you do can’t make them yourself. You’ll want to work with a qualified tax advisor regarding your situation.
retire, be careful about how much you withdraw each year legal professional to develop the documents appropriate Contact us at (561) 748-7600, Sally Sima Stahl, AAMS,
from your retirement plans and other investments. for your needs. 1851 W. Indiantown Road, Ste. 106, Jupiter, FL 33458.
Get Creative At Lighthouse ArtCenter

ArtCenter Offers Ongoing Classes Or Low-Commitment, in the covered patio
One-Time Evening Workshops To Explore A Variety Of space outside Vintage
Disciplines Wine & Charcuterie,
Located in the heart of Tequesta, Lighthouse ArtCenter where guests can
(LAC) offers a vibrant school of art, unique exhibitions, enjoy a glass of
and dynamic special events. The nonprofit’s three- wine while painting
building campus includes multiple galleries, 2-D and 3-D in a group setting.
studios, and an art shop filled with art supplies, handmade Low-commitment,
one-time evening
workshops called
Advertise, “Select Fridays” are Give the wheel a whirl
offered on Friday
Check out our website! Metalsmithing at Lighthouse Wine Down Wednesdays with nights, where people

www.seabreezepublications.com ArtCenter Jewelry Studio Pam Ayres can explore wheel throwing, glass fusion, enameled
jewelry, shibori, and raku firing. Each workshop is led
or call 746-3244 jewelry, textiles, photography, and pottery. Classes in the by an experienced instructor in a small group setting and
school’s spacious studios include all levels of painting geared for the curious beginner or the experienced artist.
(including acrylics, oils, and watercolors), glass, textiles, Private party workshops are available to entertain a
mixed media, metalsmithing, and ceramics with multiple group of friends or clients. The instructors will lead you
specialized kilns. through each step as you learn to create your piece of
Enjoy the warm Florida breezes in their open-air art. Take classes with friends or meet new friends at the
workspaces in the ceramics studio or on a serene chickee LAC. For more information or to register for a creative
hut and deck. Wine Down Wednesday workshops offered experience, visit lighthousearts.org.

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