Page 22 - Abacoa Community News - September '23

Page 22, Abacoa
Financial Focus ®

Retirees: Talk Finances With will be, how can you address their concerns and potentially During your working years, you may have invested primarily
If you have children in this age range or older, or who soon
for growth – after all, you could be retired for two or more
Your Grown Children improve your financial outlook? Communication is the key. By decades, so you’ll need to draw on as many financial assets
openly communicating with your family about your financial as possible. But once you’re retired, your investment focus
By Sally Sima Stahl status, you can reduce anxieties and misperceptions. If you’re may need to shift somewhat toward income-producing
When you’re retired, in good financial shape, your adult children may be reassured opportunities. Keep in mind, though, that you’ll still need
you’ll likely have some that you won’t be needing their assistance. And if you are some growth potential to help keep ahead of inflation.
financial concerns – just feeling some financial pressures, you can inform your children One final suggestion: Let your children know if you already
like all retirees. However, of the steps you are taking to improve your situation. have a strategy in place to meet the potentially high costs of long-
if you’ve invested regularly One such step may be to reduce your cost of living – the term care, such as a nursing home stay. This burden is certainly
and followed a long-term less you spend day to day, the better your ability to preserve something you won’t want your children to take on.
financial strategy, you your investment and retirement accounts. You may be able to By informing your children about your financial picture,
should be able to address reduce costs in many small ways, such as ending streaming and how you’re trying to improve it, you can ease everyone’s
most issues that come services you no longer use, but you could make an even minds – so keep the lines of communication open.
your way. But there’s one bigger impact by downsizing your living arrangements. In This article was written by Edward Jones for use by
important action that’s fact, 72 percent of today’s retirees have downsized or are your local Edward Jones Financial Advisor, Edward Jones,
sometimes overlooked by retirees: sharing their financial willing to downsize to reduce their housing costs, according Member SIPC.
situation with their grown children. And this knowledge to the Age Wave/Edward Jones survey. Downsizing isn’t for Edward Jones is a licensed insurance producer in all states
can benefit everyone in your family. everyone, but if it’s a possibility for you, it may be worth and Washington, D.C., through Edward D. Jones & Co., L.P.,
You might be surprised by the concern your children have considering because the savings could be significant. and in California, New Mexico and Massachusetts through
for your financial well-being. Consider these findings from a You may also be able to reduce or consolidate your debts. Edward Jones Insurance Agency of California, L.L.C.; Edward
2023 study by Age Wave and Edward Jones: Start by understanding how much and what kinds of debt Jones Insurance Agency of New Mexico, L.L.C.; and Edward
• 66 percent of millennials (generally defined as ranging you have. Then, consider ways to lower your payments, such Jones Insurance Agency of Massachusetts, L.L.C.
from 27 to 42) worry that their parents or in-laws may not as refinancing. For example, if you’re carrying a balance on Edward Jones, its employees and financial advisors
have enough money to live comfortably in retirement. multiple credit cards, you might be able to transfer the amounts cannot provide tax advice. You should consult your qualified
• 83 percent of millennials would rather know their parents you owe onto a single card with a more favorable interest rate. tax advisor regarding your situation.
are financially secure in their retirement, even if it means their Here’s another move to consider. Adjust your investment Contact us at (561) 748-7600, Sally Sima Stahl, AAMS, 1851
parents pass on less money to them. mix to possibly provide you with more income in retirement. W. Indiantown Road, Ste. 106, Jupiter, FL 33458.
Advancing Vascular Health: A Closer Look At Palm Beach

Gardens Medical Center’s Premier Vascular Surgery Program

Palm Beach Gardens a vascular surgeon, explains the benefits of TCAR, “This diet, engaging in regular exercise, maintaining a healthy
Medical Center and its Heart procedure offers a safer alternative for patients who may weight, and avoiding smoking, can significantly reduce
and Vascular Institute (Palm not be suitable candidates for traditional carotid surgery. the risk of vascular disease and associated complications.
Beach Gardens Heart and By using advanced technology and innovative approaches, Boyes emphasizes, “Preventive measures are a cornerstone
Vascular Institute) provides we aim to enhance patient safety and recovery.” of our approach. We work closely with our patients to
some of the latest treatments Vascular Disease: A Concern For All Ages develop personalized strategies to reduce risk factors and
for vascular disease. It is essential to recognize that vascular disease can impact maintain overall vascular health.”
Spearheaded by surgeons, individuals of all ages, although the risk tends to increase with Conclusion
Dr. Richard Faro and Dr. age. Various risk factors contribute to the development of With a focus on patient-centricity and the expertise
Christopher Boyes, this vascular disease, including family history, pregnancy, illness in innovative techniques like TCAR, the program is at
program provides hope for or injury, prolonged periods of inactivity, and conditions the forefront of advancing vascular health. It serves as a
patients seeking advanced like diabetes or high cholesterol. Lifestyle factors, such as reminder that vascular disease can affect anyone, and early
vascular health solutions. Dr. Richard Faro smoking and obesity, also play a significant role in vascular detection, preventive measures, and utilizing some of the
Let us explore the program’s health. Faro advises, “Being proactive about your vascular latest treatments are vital for maintaining a healthy and
features, including their health is crucial, regardless of your age. Regular checkups, fulfilling life.
expertise in transcarotid a healthy lifestyle, and knowing your family medical history Rest assured, your heart is in experienced hands at Palm
artery revascularization can aid in early detection and prevention.” Beach Gardens Medical Center. To request a complimentary
(TCAR), and learn more Preventing Vascular Disease referral to a vascular surgeon, please call (844) 968-4570
about the risk factors Prevention is key in maintaining vascular health. Making or visit https://www.pbgmc.com/services/cardiovascular/
associated with vascular lifestyle changes, such as losing weight, adopting a balanced find-a-vascular-surgeon.
disease and preventive
measures.
The Expertise Of Doctors
Faro And Boyes
At the helm of the
Vascular Surgery Program
are two surgeons, Faro and Dr. Christopher Boyes
Boyes. Both bring a wealth
of experience and expertise to the table, ensuring patients
receive a high quality of care. Faro emphasizes the
importance of their patient-centric approach, stating, “Our
priority is to understand each patient’s unique needs and
concerns, tailoring our treatments accordingly. By working
collaboratively with our patients, we achieve better outcomes
and lasting results.”
Transcarotid Artery Revascularization (TCAR)
One standout feature of Palm Beach Gardens Medical
Center’s Vascular Surgery Program is its proficiency in
transcarotid artery revascularization (TCAR). TCAR is
a minimally invasive procedure designed to treat carotid
artery disease, which is a leading cause of stroke. This
technique involves temporarily reversing blood flow
away from the brain to protect against potential stroke
while placing a stent to open the narrowed artery. Boyes,