Page 17 - Southern Exposure - July '21
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Southern Exposure, Page 17



                                               sPorts                                                            FinanCial FoCus




                          Jupiter Senior Softball                                                            How Does Social



                      Memorial Day Ceremony                                                                  Security Fit Into



        A Memorial Day ceremony by the Jupiter Senior Softball   President Tom Cosentino who conducted a quiz of players   Retirement?
      Association (JSSA) paid tribute to the men and women of the   about the origin and meaning of Memorial Day. More than
      military who died in service of their country. A crowd of about   1.3 million members of our military have died in wars since   By Sally Sima Stahl
      50 players attended the event prior to games at Maplewood   1776, he said.
      Community Park.                                     The Jupiter Senior Softball program features games every     Here’s something to
        Ron Nolan, an Army combat veteran of the Vietnam War,   Monday, Wednesday and Friday morning beginning at 8:30   think about: You could
      gave remarks honoring the fallen heroes whose sacrifices made   a.m. at Jupiter Community Park and is open to persons 55   spend two, or even three,
      it possible for us to enjoy the many freedoms we have.  and older. New players of all skill levels are welcome and   decades in retirement. To
        “We should be mindful that those who while living,   registration can be made online at www.leaguelineup.com/jssa.   meet your income needs
      were willing to risk making the ultimate sacrifice. Our very   For information contact Tom Cosentino at (412) 721-0173.  for all those years, you’ll
      way of life and the freedoms we                                                                       generally need a sizable
      enjoy today are the fruits of those                                                                   amount of retirement
      sacrifices,” Nolan said. Players                                                                      assets. How will Social
      removed their caps and held a                                                                         Security  fit into  the
      moment of silence, followed by the                                                                    picture?
      mournful recorded sound of taps.                                                                        For most people,
        Nolan and Bob Lascher, a                                                                            Social Security won’t be enough to cover the cost of
      Marine veteran who also served in                                                                     living in retirement. Nonetheless, Social Security benefits
      Vietnam, said in a YouTube video of                                                                   are still valuable, so you’ll want to do whatever you can
      the observance that they lost friends                                                                 to maximize them.
      whose names are on the Vietnam                                                                          Your first move is to determine when you should start
      Wall. Memorial Day was originally                                                                     taking Social Security. You can begin collecting benefits
      known as Decoration Day and was                                                                       when you reach 62 – but should you? If you were to turn
      created to memorialize American                                                                       62 this year, your payments would only be about 71
      soldiers who died in the Civil                                                                        percent of what you’d get if you waited until your full
      War. The name was changed to                                                                          retirement age, which is 66 years and 10 months. (“Full
      Memorial Day in 1971, said JSSA  Senior softball players honor members of the military who died for their country.   retirement age” varies, depending on when you were
                                                                                                            born, but for most people today, it will be between 66
                                                                                                            and 67.) Every month you wait between now and your
                                                                                                            full retirement age, your benefits will increase. If you still
                                                                                                            want to delay taking benefits beyond your full retirement
                                                                                                            age, your payments will increase by 8 percent each year,
                                                                                                            until you’re 70, when they “max out.” Regardless of
                                                                                                            when you file, you’ll also receive an annual cost-of-living
                                                                                                            adjustment.
                                                                                                              So, when should you start claiming your benefits?
                                                                                                            There’s no one “right” answer for everyone. If you turn
                                                                                                            62 and you need the money, your choice might be made
                                                                                                            for you. But if you have sufficient income from other
                                                                                                            sources, you’re in good health and you have longevity
                                                                     747-PALM                               in your family, or you’re still working, it might be
                                                                                                            worthwhile to wait until your full retirement age, or
                                                                          747-7256                          perhaps even longer, to start collecting.
                                                                                                              Another key consideration is spousal benefits. If your
                                                                                                            own full retirement benefit is less than 50 percent of your
                                                                                                            spouse’s full retirement benefit, you would generally be
                                                                                                            eligible to claim spousal benefits, provided you’re at least
                                                                                                            62 and your spouse has filed for Social Security benefits.
                                                                                                              Survivor benefits are another important consideration.
                                                                                                            When you pass away, your spouse would be able to
                                                                                                            receive up to 100 percent of your benefit or his/her own
                                                                                                            retirement benefit, whichever is higher. Thus, delaying
                                                                                                            Social Security could not only increase your own benefit,
         NoN-Toxic cancer immunotherapy                                                                     but also the benefit for your surviving spouse.
                                                                                                              An additional issue to think about, when planning
                                                                                                            for how Social Security fits into your retirement, is your
         Available NoW                                                                                      earned income. If you’re younger than full retirement
                                                                                                            age, your benefit will be reduced by $1 for each $2
                                                                                                            you earn above a certain amount, which, in 2021, is
         Safe and Effective!                                                                                $18,960. During the year you reach full retirement age,
                                                                                                            your benefit will be reduced by $1 for each $3 you earn
                                                                                                            above a set amount ($50,520 in 2021). But once you hit
         This is the Original Immunotherapy that                                                            the month at which you attain full retirement age, and
                                                                                                            from that point on, you can keep all of your benefits, no
         balances and optimizes your immune system to                                                       matter how much you earn (although your benefits could
         fight almost any type of cancer.                                                                   still be taxed).
                                                                                                              One final point to keep in mind: The more you
                                                                                                            accumulate in your other retirement accounts, such as
         Hundreds of successes over the years.                                                              your IRA and 401(k) or similar employer-sponsored plan,
                                                                                                            the more flexibility you’ll have in managing your Social
         Continuously available since 1977                                                                  Security benefits. So, throughout your working years, try
                                                                                                            to contribute as much as you can afford to these plans.
         in Freeport, Grand Bahama Island                                                                     This article was written by Edward Jones for use
                                                                                                            by your local Edward Jones financial advisor. Edward
                                                                                                            Jones. member SIPC.
                                      See our website for more info:                                          Edward Jones, its employees and financial advisors

                   www.Quantumimmunotherapy.net                                                             are not estate planners and cannot provide tax or legal
                                                                                                            advice. You should consult your estate-planning attorney
                                                                                                            or qualified tax advisor regarding your situation.
              or call for more information: Toll-free number (561) 766-0878                                   Call me for a free portfolio review at (561) 748-7600.
                                                                                                            Sally Sima Stahl, AAMS, 1851 W. Indiantown Road, Ste.
                                  Email: Quantimmuno@gmail.com                                              106, Jupiter, FL 33458.
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