Page 6 - The Shores of Jupiter- March '23
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Page 6, The Shores
      Financial Focus

      Should Investors “Go It                              How do financial professionals help their clients in   still appropriate for your long-term strategy. Other times,
                                                         these ways?
                                                                                                           of course, the advice may be different – but it will always
      Alone”?                                              First, consider the issue of determining how much   be advice based on your goals, needs and time horizon.
                                                         money will be needed for retirement. It’s not always easy     Furthermore, if you’re investing on your own, you may
      By Sally Sima Stahl                                for  individuals  to estimate  this  amount.  But  financial   always be measuring your results against the major market
        If you’re going to enjoy a                       professionals can help clients like you arrive at this figure   indexes, such as the S&P 500 or the Dow Jones Industrial
      comfortable retirement, you                        by exploring your hopes and goals. How long do you plan to   Average. But in reality, your portfolio should contain a wide
      should know, among other                           work? What kind of lifestyle do you anticipate enjoying in   range of investments, some of which aren’t contained in these
      things, how much money                             retirement? Where would you like to live? How much would   indexes, so you might not be assessing your performance
      you’ll need. And you may                           you like to travel? Are you open to pursuing earned income   appropriately. A financial professional can help you develop
      have a much better chance of                       opportunities, such as consulting or working part-time?   your own, more meaningful benchmarks that can show the
      knowing this if you get some                         Next comes the other key question: How much money   progress you’re actually making toward your goals.
      professional help.                                 will be available for retirement? This big question leads to     In some areas of life, going it alone can be exciting – but
        Consider these findings                          many others: How much do you need to save and invest each   when it comes to investing for your future, you may benefit
      from a 2021 study by Dalbar,                       year until you retire? About what sort of investment return   from some company on the journey.
      a financial services market                        will you need to reach your retirement income goals? What     This article was written by Edward Jones for use by
      research firm:                                     level of risk are you willing to take to achieve that return?   your local Edward Jones Financial Advisor, Edward Jones,
        • Investors who worked with a financial advisor were three   What is the role of other income sources such as Social   Member SIPC.
      times more likely to estimate what they would have saved at   Security or any pensions you might have?     Edward  Jones  is  a  licensed  insurance  producer  in
      retirement than “do-it-yourself” investors.          Having a financial professional help you gain a clear   all states and Washington, D.C., through Edward D.
        • More than two-thirds of investors with a financial advisor   idea of your retirement income picture can certainly be   Jones & Co., L.P., and in California, New Mexico and
      were satisfied with the amount they would have saved at   reassuring. But there may be other reasons why “going it   Massachusetts through Edward Jones Insurance Agency
      retirement, compared to about 27 percent of the do-it-yourselfers.  alone” as an investor might not be desirable.   of California, L.L.C.; Edward Jones Insurance Agency of
                                                           For example, when the financial markets are down, as was   New Mexico, L.L.C.; and Edward Jones Insurance Agency
                                                         the case for much of 2022, some investors make decisions
                                                                                                           of Massachusetts, L.L.C.
        Town Of Jupiter                                  based on short-term volatility, such as selling investments to     Edward Jones, its employees and financial advisors
                                                         “cut their losses,” even if these same investments still have
                                                                                                           cannot provide tax advice. You should consult your qualified
        News                                             solid business fundamentals and good prospects for growth.   tax advisor regarding your situation.
                                                         But if you work with a financial professional, you might
                                                                                                             Contact us at (561) 748-7600, Sally Sima Stahl, AAMS,
                                                         decide to stick with these investments, especially if they’re
                                                                                                           1851 W. Indiantown Road, Ste. 106, Jupiter, FL 33458.
        By Jim Kuretski,
        Mayor, Town of Jupiter
          The Town  Council                                  Peripheral
        works with our town
        manager, staff and                                   Neuropathy?
        others to address issues
        affecting our residents
        and  businesses. The                                FREE Consultation
        following provides a
        summary of actions and
        achievements since last                             for Acupuncture
        month’s Community
        Newspaper report:
        Fire Rescue (F/R) Service Costs
          Jupiter’s contract with Palm Beach County (PBC) to
        provide F/R services expires on Sept. 30. It is subject to
        periodic renewals. Other municipalities including Palm
        Beach Gardens, Tequesta and North Palm Beach have                                                              561-745-1002
        their own F/R departments. The Town Council received
        a presentation at its Jan. 17 meeting about costs to create                                                      654 West Indiantown
        and operate a new Town F/R department.              THE PATIENT AND ANY OTHER PERSON RESPONSIBLE FOR PAYMENT HAS THE RIGHT TO   Road, Jupiter, FL 33458
                                                            REFUSE TO PAY, CANCEL PAYMENT OR BE REIMBURSED FOR PAYMENT FOR ANY OTHER
          Town of Jupiter residents currently pay a significant   SERVICE, EXAMINATION OR TREATMENT WHICH IS PERFORMED AS A RESULT OF AND
                                                            WITHIN 72 HOURS OF RESPONDING TO THE ADVERTISEMENT FOR THE FREE, DISCOUNTED
        premium (164 percent) on a per resident dollar basis versus   OR REDUCED FEE SERVICES, EXAMINATION OR TREATMENT.
        that which Lake Worth, Palm Springs and Royal Palm Beach
        residents pay for the same PBC F/R services. The Town is
        collaborating with PBC about a prospective agreement for
        it to continue providing F/R services to Jupiter at a more
        equitable cost per resident basis. Stay tuned.
        Harbourside Settlement Agreement
          Harbourside initiated a lawsuit against the Town and
        Community Development Agency (CRA) in January
        2016. This case has been in the court system and mediated
        for the past seven years. The Town Council worked
        earnestly and held a number Attorney/Client Sessions
        from November 2022 through January 2023 to resolve
        these matters.
          A Settlement Agreement was unanimously approved
        by the Town Council and authorized by the parties on
        Jan. 17. The next steps entail public hearings on Feb.
        21 and March 7 to amend the Harbourside Planned Unit
        Development Order to incorporate settlement agreement
        items, after which the complete set of litigation settlement
        documents will be submitted to the court to bring final
        closure to all litigated matters.
        Community Redevelopment Agency (CRA) Plan
          The Town established a CRA in 2003 to guide the
        development/redevelopment of 400 acres of property,
        which subsequently became known as Jupiter’s Riverwalk
        and Jupiter’s Inlet Village. The CRA is scheduled to
        sunset in 2034. There is a CRA Plan that sets goals and
        objectives for development/redevelopment and defines
        planned community investment projects. The CRA Plan
        was last amended in 2012.
          The CRA at its Feb. 8 meeting, embarked upon an
        effort to update the CRA Plan to rechart the course for
        development/redevelopment through the 2034 sunset
        ending of the CRA. It is currently expected that the CRA
        Plan update will be implemented in two phases, phase
        one in 2023 and phase two in 2024.
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