Page 14 - Talk of Tequesta - June '23

Page 14, The Talk Of Tequesta

loggerhead news

Loggerhead Marinelife Center Awarded Grant

To Expand Educational Outreach

Loggerhead Marinelife Center (LMC) has been display in-room education for residents and guests about
awarded a grant from the Admirals Cove Foundation to current sea turtle research and ocean conservation efforts.
expand its community outreach across Palm Beach County “Admirals Cove Foundation is proud to partner with
with engaging and informative sea turtle nesting programs the Loggerhead Marinelife Center to protect and preserve
and educational materials. The grant, named “Respect marine ecosystems through free educational programs for
the Locals: Sea Turtles of the Palm Beaches Community children and adults of all ages,” said Rebecca Divine,
Outreach Program,” will deliver high-quality ocean executive director for Admirals Cove Foundation.
and sea turtle educational resources and presentations LMC is grateful for its support from local communities
to approximately 500 visitors and locals at community to continue its mission of sea turtle research, conservation,
resource centers, resorts, and senior living facilities. and education!
About Loggerhead Marinelife Center (LMC)
“This generous support from the Admirals Cove Loggerhead Marinelife Center, located in Loggerhead
Foundation will help us empower more residents and Park, Juno Beach, Fla., is a sea turtle research,
visitors to be better stewards of these coastal ecosystems rehabilitation, education, and conservation center. The
in Palm Beach County,” said Hannah Campbell, vice center also manages the Juno Beach Pier across the street
president of education for Loggerhead Marinelife Center. from the park. Established in 1983, LMC seeks to promote
Attendees of “Respect the Locals” will see a live conservation of ocean ecosystems with a special focus
presentation conducted by one of the center’s experienced on threatened and endangered sea turtles. Its facilities
staff, featuring the latest information on sea turtle include a sea turtle hospital, a research laboratory, and
nesting season and resources on local involvement. exhibit areas, including live sea turtles and other coastal
Hotels, condominiums, and associations will receive creatures.
free informational brochures and have the opportunity to Photos courtesy of Loggerhead Marinelife Center

finanCial foCus

New Law May Offer Financial Opportunities

By Sally Sima Stahl
Your own decisions and tax penalties. Previously, this penalty was 50 percent of sharing contributions. This credit is capped at $1,000 per
actions typically determine the amount you were supposed to have taken but now it’s employee and phases out gradually over five years.
your financial strategies. reduced to 25 percent. • Military spouse tax incentive – If you have 100 or
But outside events can • New options for qualified charitable distributions – If fewer employees who earn at least $5,000 annually, you
affect your choices, too. you’re 70½ or older, you can make a one-time qualified can earn a tax credit of up to $500 for three years if you
And that may be the case charitable distribution (QCD) of up to $50,000 to entities make military spouses eligible for a retirement plan, such
with the recent passage of that previously couldn’t receive these QCDs, including as a 401(k) or SEP IRA. You can receive the credit for the
the SECURE 2.0 Act. charitable remainder annuity trusts, charitable remainder year in which the military spouse is hired, plus the next
This piece of legislation unitrusts and charitable gift annuities that meet certain two taxable years.
covers many areas. But criteria. Because QCDs are typically excluded from These aren’t the only provisions in the SECURE 2.0
here are some changes that your taxable income and could satisfy some or all of Act that may be relevant to you, and some parts of the
may be of interest to you, your required RMDs, which are otherwise taxable, these new law go into effect in the future. You may want to
depending on your situation: expanded opportunities may prove beneficial from a tax contact your financial and tax advisors to see just how
If you’re a retiree … standpoint. Consult with your tax advisor to determine if you might ultimately be affected by this legislation, and
• Higher age for RMDs – The age at which you and how QCDs make sense for your situation. how you could take advantage of it.
must take withdrawals — known as required minimum If you’re still working … This article was written by Edward Jones for use by
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