Page 10 - PGA Community News - October '23

Page 10, PGA C.A.N.! October 2023 October 2023

First Annual Fire Truck Pull from page 9

“We’re beyond grateful for the enthusiastic support of meaningful opportunity to show support for the Connections of young adults with autism who attend Connections’ Adult
the 2023 Fire Truck Pull,” says Debra Johnson, principal and community. Our students were thrilled to be part of the team Program, emerged as the highest fundraising team. One of
executive director of Connections. “This event was not only and to see so many people cheering them on.” their team members, Zach Edenzon, won top honors as the
a fun and challenging way to demonstrate strength, but also a The Fire Truck Pull showcased the true spirit of unity highest fundraising individual.
and generosity as teams pushed themselves to the limit, The success of the 2023 Fire Truck Pull is a testament
pulling a fire truck a distance of 30 feet in the quickest to the incredible support and generosity of the community
time possible. across the Palm Beaches. The event showcased the strength
The Palm Beach Gardens Police Department emerged of participants and highlighted the need to ensure that
as the champions in the fastest pull category, completing quality services are accessible to local students and young
the challenge with an impressive time of just 11 seconds. adults with autism.
In a second category – lowest combined weight pull – the Connections is grateful to the event sponsors: Presenting
Palm Beach Gardens Fire Rescue team took top honors Sponsor – CTA Media; Signature Sponsor – the Palm Beach
by pulling the fire truck 30 feet within the three-minute County Sheriff’s Foundation; Refreshment Sponsor –
time limit with team members only weighing a combined Wawa; and DJ Services Sponsor – Digital Vibez. This event
772 pounds. also would not have been possible without the generous
In addition to the athletic competition, the Fire Truck support of the Palm Beach Gardens Fire Rescue and Palm
Pull celebrated the spirit of philanthropy by recognizing Beach Gardens Parks and Recreation.
the teams and individuals who raised the highest amount To learn more about this event, visit connectedpb.com/
of funds for Connections. The Z Squad, a team composed fire-truck-pull.
Fire truck pull volunteers
Financial Focus ®

Should You Be “Selfish” In limit, which, in 2023, is $6,500, or $7,500 for those

Retirement? 50 or older. Also, if you have grandchildren, you could
contribute to a 529 education savings plan for them. A
By Sally Sima Stahl 529 plan can provide tax-free earnings and withdrawals
As a parent, you for qualified higher education expenses.
naturally want to help your However, even if you don’t think you can afford to
children – but is it always a make cash gifts, you might be able to provide some
good idea to provide them financial benefits in other ways. For example, you could
with support when they’re give your children shares of stock you’ve owned for
adults? You may want to several years. If these shares had appreciated in value, and
proceed carefully in this you were to sell them yourself, and then give the money
area – to protect everyone’s to your children, you’d have to pay the capital gains taxes.
Team Noah truck financial interests. By gifting the shares directly to your children, you’d avoid
This topic is on the these taxes, and while your children would have to pay
minds of many people: 63 the taxes when they sold the shares, they might be in a
percent of retirees and 69 lower tax bracket than you. And if they didn’t need the
percent of preretirees have either limited their financial money right away, they could hold the shares and hope
support to adult children or other family members, or that they appreciate further. (Keep in mind that you can
would limit this support, to preserve their own financial make financial gifts, including the value of stocks, of up
stability and avoid becoming a burden, according to a to $17,000 per person, per year, to as many people as you
recent survey by Age Wave and Edward Jones. want without incurring gift taxes.)
So, as this finding indicates, it isn’t that preretirees and Being cautious about providing financial support to
retirees are being “selfish” when they’re cautious about your grown children and other family members – and
providing financial assistance – their goal is to maintain being purposeful when you do provide it – isn’t selfish.
their financial independence, so they never have to depend It’s a thoughtful way to protect your own financial security
on their family members for help. And anyone can agree and avoid burdening your family – while still helping
that this is a worthy objective. them out when you can.
We won! Palm Beach Gardens Police In any case, the amount of support you can reasonably This article was written by Edward Jones for use by
offer will depend on several factors, including your your local Edward Jones Financial Advisor, Edward
monthly income, your expenses, your savings and your Jones, Member SIPC.
projected future expenditures. By taking these figures into Edward Jones is a licensed insurance producer in
account, you should be able to develop a good estimate all states and Washington, D.C., through Edward D.
of what you can – and can’t – do for your adult children. Jones & Co., L.P., and in California, New Mexico and
But if you do decide that you can afford to provide Massachusetts through Edward Jones Insurance Agency
some financial resources, at least on occasion, you may of California, L.L.C.; Edward Jones Insurance Agency of
want to be strategic about it. In other words, how can you New Mexico, L.L.C.; and Edward Jones Insurance Agency
do the most good? of Massachusetts, L.L.C.
You have various options. For one thing, if your Edward Jones, its employees and financial advisors
children have earned income, they can contribute to an cannot provide tax advice. You should consult your
IRA to help fund their retirement – and while you can’t qualified tax advisor regarding your situation.
put funds directly into their IRAs, you can give them Contact us at (561) 748-7600, Sally Sima Stahl, AAMS,
money for that purpose, up to the annual contribution 1851 W. Indiantown Road, Ste. 106, Jupiter, FL 33458.

Paid Advertisement
Palm Beach Gardens Fire pulling
HANDY-MAN Experience Dentistry with a Woman’s Touch

HOME SERVICES Cosmetic & Comprehensive Restorative Dentistry

NO JOB TOO SMALL State of the Art & Same Day Restorations

Nitrous Oxide/Oxygen Sedation Available
u Water Stains u Screen Repair
u Painting u Leak Repair
u Caulking u Misc. Repair Joanne Green, D.D.S.
u Interior/Exterior 10887 N. Military Trail, Suite 6

... and much more! Palm Beach Gardens, FL 33410

Housesitting Available • References Available (561) 622-2815 • www.joannegreendds.com
(Serving Palm Beach County since 1980)
Medical College of Virginia School of Dentistry - Cum Laude
Call Rubin Hospital of the University of Penn - General Practice Residency Training
Harvard Dental School - Former Instructor
Licensed & Insured 561-346-2467 Boston Brigham and Women’s Dental Group - Staff Dentist