Page 6 - The Shores of Jupiter- March '23

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. www.drlaruffa.com
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
Update
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.