Page 5 - Hobe Sound Reflections - May '23

Hobe Sound, Page 5

cLeveLand cLinic martin HeaLtH news

Minimally Invasive MitraClip
™
Mitral valve degeneration disease is often treated with
Procedures For Patients With medical therapy. However, patients for whom medical
Structural Heart And Valve therapy fails and for whom surgery is too much of a risk may
be candidates for less invasive, catheter-based options, such
Diseases as MitraClip , the first device approved by the FDA to treat
™
high-risk patients with degenerative mitral regurgitation.
Open-heart surgery has long been the standard of care for Cleveland Clinic participated in the COAPT clinical trial
most patients with valve disease. More recently, however, for MitraClip, which has shown the device provides a
minimally invasive procedures, such as transcatheter aortic tremendous benefit and improvement in survival and quality
valve replacement (TAVR) and the MitraClip procedure, of life when used in patients with reduced heart function.
™
have emerged as safe and effective alternatives for patients Not all patients are candidates for minimally invasive
with advanced and complex valve disease. Michael Howard, M.D. Ronald Cossman, M.D. treatment for structural heart or valve disease. Cleveland
There are a variety of minimally invasive approaches to Clinic Florida’s multidisciplinary team evaluates each patient
valve repair or replacement, but all offer the same benefits: a recent years the minimally invasive transcatheter aortic for the appropriate solution to their structural heart disease
smaller scar, lower risk of infection, less bleeding and trauma, valve replacement (TAVR) procedure has revolutionized or valve problems.
a shorter hospital stay and a shorter recovery period. management of this condition. It is now a treatment option To schedule an appointment with Dr. Ronald Cossman,
Transcatheter Valve Replacement (TAVR) for some patients with severe aortic stenosis who are too ill Dr. Michael Howard or another Cleveland Clinic Martin
Open procedure valve replacement has been the standard to have traditional open-heart surgery to replace the aortic Health heart specialist, call (844) 630-4968 or visit
of care for most patients with aortic stenosis. However, in valve. ClevelandClinicFlorida.org/Heart.
FinanciaL Focus

Can You Count On Social 2022 to $160,200 in 2023. And in looking down the road, example, you probably shouldn’t put in so much into your
further increases in this earnings cap may also help reduce
retirement accounts that you feel significant stress in your
Security? the gap in the trust funds. Increasing the payroll tax is another monthly cash flow. But when you do get a chance to invest
possibility for boosting funding to Social Security. more in these accounts, such as when your salary goes up,
By Sally Sima Stahl And here’s a political reality: Social Security is a popular you may want to take advantage of the opportunity.
If you’re getting closer program and it’s unlikely that any future Congress wants Ultimately, you should be able to count on Social Security
to retirement, you might be to be blamed for reducing benefits. Of course, there are no as part of your retirement income. You may want to consult
thinking more about Social guarantees, but it seems fair to say that you can reasonably with a financial professional to determine when taking Social
Security. Specifically, can expect some benefits from Social Security when you retire. Security makes the most sense for you and how you can also
you count on it to contribute But perhaps the bigger issue is just how much you should get the most from your other retirement accounts. You’ll want
part of the income you’ll depend on Social Security for your retirement income. On a retirement income strategy that’s built for the long run.
need as a retiree? average, Social Security benefits will provide about 30 This article was written by Edward Jones for use by
There’s been an increase percent of a beneficiary’s preretirement earnings, according your local Edward Jones Financial Advisor, Edward
in alarming language to the Social Security Administration. But the higher your Jones, Member SIPC.
surrounding the solvency earnings before you retire, the lower the percentage that will Edward Jones is a licensed insurance producer in
of Social Security, but in be replaced by Social Security. all states and Washington, D.C., through Edward D.
reality, its prospects are not nearly as gloomy as you Still, you’ll want to maximize the benefits that are Jones & Co., L.P., and in California, New Mexico and
might have heard. available to you — and that means deciding when to start Massachusetts through Edward Jones Insurance Agency
Here’s the story: Under current law, Social Security is taking Social Security. You can begin as early as 62, but of California, L.L.C.; Edward Jones Insurance Agency of
estimated to exhaust its trust funds by 2035, after which your monthly payments could be as much as 30 percent New Mexico, L.L.C.; and Edward Jones Insurance Agency
benefits could be cut by 20 percent, according to the 2022 lower than your normal (or “full”) retirement age, which of Massachusetts, L.L.C.
Social Security Trustees report. However, the large cost of will likely be between 66 and 67. Edward Jones, its employees and financial advisors
living adjustment (COLA) (8.7 percent) for 2023 could cause Even if you were to wait until your full retirement age cannot provide tax advice. You should consult your qualified
the trust funds to use up their resources sooner. before collecting Social Security, you’ll also need to draw tax advisor regarding your situation.
But this outlook may represent a worst-case scenario. on other sources of funding. So, while you are still working, Contact us at (561) 748-7600, Sally Sima Stahl, AAMS,
For one thing, the cost of the 2023 COLA will be somewhat it’s a good idea to keep contributing to your IRA and 401(k) 1851 W. Indiantown Road, Ste. 106, Jupiter, FL 33458.
offset by higher taxes on workers contributing to Social or other employer-sponsored retirement plan.
Security. The maximum amount of earnings subject to the The amount you contribute should depend on your
6.2 percent Social Security tax jumped from $147,000 in overall financial strategy and your financial needs, so, for

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