Page 10 - Juoiter Spotlight - November '22

Page 10, Jupiter Spotlight
Financial Focus

What Should You Know doesn’t offer as many investment choices as you want, similar employer-sponsored retirement plan to an IRA. This

About IRA Rollovers? then you might choose to move your IRA assets to another can occur when you retire or change jobs, although if you do
take on another job, you might have the options of leaving
provider. How should you go about making this switch?
Here are some options to consider: your 401(k) with your former employer or rolling it over into
By Sally Sima Stahl • Trustee-to-trustee transfer or direct rollover – You can your new employer’s plan. However, if you do want to move
If you’ve been ask the financial institution holding your IRA to move the your 401(k) funds into an IRA, you can make what’s known
contributing to an IRA, money directly to another IRA. No taxes will be withheld as a direct rollover, in which the administrator of your old
you’ve chosen a great from the amount transferred at the time of the transfer. This retirement plan will send you a check made payable to the
way to save and invest method is generally hassle-free, but some IRA sponsors will custodian of your IRA. No taxes will be withheld, but you
for retirement. All IRAs still only mail the check to your address of record, so you’d need to get the funds transferred within 60 days to avoid
have potential tax benefits have to forward it to your new IRA. any potential tax issues.
and a range of investment • Indirect rollover – If you take an indirect rollover, also You spend years contributing to your IRA and 401(k) —
possibilities, but not all known as a 60-day rollover, the assets from your existing and for good reason. So, when it’s time to move that money,
IRA providers offer the IRA will be liquidated and the custodian or plan sponsor be careful and consider getting help from your financial and
same features. So, if you will send you a check or deposit the funds directly into your tax professionals. These funds can play a big role in your
decide that your current IRA bank or brokerage account. This payment may be subject to retirement income, so manage them wisely.
provider is charging higher fees than you’d like, or perhaps withholding for federal taxes, and possibly state taxes, unless This article was written by Edward Jones for use by
you opt out of withholding. You have 60 calendar days from your local Edward Jones Financial Advisor, Edward Jones,
Language Based the time the funds were withdrawn to deposit the money, Member SIPC.
including any amount withheld, into a new IRA. If you miss
Edward Jones is a licensed insurance producer in
all states and Washington, D.C., through Edward D.
this 60-day deadline, the withdrawal may be taxable at your
Learning Disabilities personal income tax rate, and it could also be subject to an Jones & Co., L.P., and in California, New Mexico and
early withdrawal penalty if you’re younger than 59½.
Massachusetts through Edward Jones Insurance Agency
Given the immediate withholding and the possibility of of California, L.L.C.; Edward Jones Insurance Agency of
By Jim Forgan, Ph.D., further taxes if you don’t move the money into a new IRA New Mexico, L.L.C.; and Edward Jones Insurance Agency
School Psychologist before the 60 days are up, you’ve got much to consider of Massachusetts, L.L.C.
Your child’s smart but before initiating an indirect rollover. Consequently, you Edward Jones, its employees and financial advisors
has unexpected struggles. should consult with a financial advisor and tax professional cannot provide tax advice. You should consult your qualified
Perhaps it worries you so before you make this type of move. tax advisor regarding your situation.
much that you awake during In addition to a rollover from an existing IRA, you may Contact us at (561) 748-7600, Sally Sima Stahl, AAMS,
the night thinking about someday want to move the money from your 401(k) or 1851 W. Indiantown Road, Ste. 106, Jupiter, FL 33458.
your child’s difficulties.
There is a subset of children
who have language-based Medicare Corner With Kathy O
learning disabilities which
interfere with learning.
Language infiltrates all areas of life from our thinking to our As an insurance with United Healthcare Medicare plans encouraged me
talking. When a child has difficulty processing language, they agent who specializes to take the training necessary to be appointed and I
often struggle in reading, spelling, writing, and with math in Medicare plans, I am joined him in 2013 working with Medicare consumers.
word problems since these areas require language. often asked “why do I My mom was my first client.
A language-based learning disability refers to a spectrum need a local agent?” Many people are great at Internet research and can
of difficulties related to the understanding and use of spoken Me di c a re c a n be analyze and choose a plan that works for them. But
and written language. A language-based learning disability complex and confusing did you know; if you choose a plan and enroll, you
is often the root cause of a child’s academic struggles since with all the different cannot add a local agent later? Your only resource is
weak language skills impede comprehension, oral and options and all the the 800 number on the back of your card.
written communication. It can also interfere with your mailers, commercials Most extra benefits of a local agent happen after
child’s attention, memory, social skills, perseverance, and that promise the moon, you enroll. I am a resource for my members. I can
self-regulation. A child can have a general language-based suggestions, “facts” or reorder lost cards, answer benefit questions, give a list
learning disability or a specific type such as dyslexia or stories you might hear from friends, relatives or of specialists, review notices, claim statements and so
dysgraphia. neighbors. In fact, my mom fell into this web of much more. The best part is there is no cost to you the
Warning signs of a language-based learning disability in confusion, and I watched her struggle with navigating Medicare recipient!
young children include: a history of a speech and language plans as she moved between North Carolina and I’m an educator of Medicare Basics: I guide you
impairment (remediated or ongoing), poor phonics, Florida and during annual enrollment each year. She through enrollment. We meet one on one to review
slow choppy reading, poor reading comprehension, had complex medical issues and a fixed income so and analyze your specific health situation and needs.
difficulty following multi-step verbal directions, difficulty additional benefits were very important to her. When I We review the features and benefits and limitations
putting thoughts into writing, forgetting small sight would ask her questions about her coverage, she had no of plans. I also look up costs of medications, check
words, knowing what to say but difficulty getting it out, idea and no one to turn to for help. It broke my heart to out doctors and networks and compare multiple plans
difficulty getting to the point when speaking, and poor test see her struggle and frustrated me that I didn’t have the with you.
performance despite having studied. knowledge to help her. I had a life and health license I speak Medicare: Supplement, Drug Plan and
Some students with language-based learning disabilities since 2008 but was only trained in life insurance. I Advantage Plan.
are diagnosed young while other children perform well in also did customer service for property and casualty For a free Medicare Plan review please call me.
early elementary school and are diagnosed later when the but could not offer my own mom the type of support I Kathy Olejniczak, Agent,
demands of language in middle or high school increase. could give my clients at work. A close friend working (561) 212-7640
In addition, adolescents with a language-based learning
disability have difficulty managing the heavy reading load
from multiple classes.
Most individuals with a language-based learning disability
need instruction that is specialized, explicit, structured, and
multisensory, as well as ongoing, guided practice aimed at
helping their specific areas of weakness. School is often a
struggle for kids with a language-based learning disability but Peripheral
once you get them through school, these smart kids inherit
a world of opportunities. Neuropathy?
If you need help with your child call as we test
children ages 5.5 through college for language based
learning disabilities, dyslexia, ADHD, depression, FREE Consultation
anxiety, and other processing disorders. Visit JimForgan.
com or call (561) 625-4125.
for Acupuncture

Captain’s was established in 1980 servicing
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Captain’s is committed to providing
dependable, reliable and professional
ground transportation to and from all THE PATIENT AND ANY OTHER PERSON RESPONSIBLE FOR PAYMENT HAS THE RIGHT TO 654 West Indiantown
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WITHIN 72 HOURS OF RESPONDING TO THE ADVERTISEMENT FOR THE FREE, DISCOUNTED
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