Page 10 - Jupiter Ocean Mile - September '23

Page 10, Jupiter Ocean Mile
Financial Focus ®

Retirees: Talk Finances With If you have children in this age range or older, or who soon During your working years, you may have invested primarily
for growth – after all, you could be retired for two or more
will be, how can you address their concerns and potentially
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
if you’ve invested regularly One such step may be to reduce your cost of living – the long-term care, such as a nursing home stay. This burden is
and followed a long-term less you spend day to day, the better your ability to preserve certainly 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 You may also be able to reduce or consolidate your debts. Edward Jones Insurance Agency of California, L.L.C.;
a 2023 study by Age Wave and Edward Jones: Start by understanding how much and what kinds of debt Edward Jones Insurance Agency of New Mexico, L.L.C.; and
• 66 percent of millennials (generally defined as ranging you have. Then, consider ways to lower your payments, such Edward 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 Here’s another move to consider. Adjust your investment Contact us at (561) 748-7600, Sally Sima Stahl, AAMS,
their parents pass on less money to them. mix to possibly provide you with more income in retirement. 1851 W. Indiantown Road, Ste. 106, Jupiter, FL 33458.
Bon Appetit!

Flavor Palm Beach Announces blown away by this New to Palm Beach County, Blackbird and Jupiter Grille
year’s restaurants and
will be participating in Flavor Palm Beach for the first
2023 Restaurant Lineup their menus.” time. In southern Palm Beach County, delight in restaurant
The most anticipated staples across Boca Raton and Delray Beach, including
Sout h Fl ori da ’s restaurant extravaganza Serena Pastificio, Kapow Noodle Bar, Dada, and Yakitori
renowned restaurant will feature dozens Sushi Bar. Venture to northern Palm Beach County and
month is almost here! of Ja m e s Be a r d enjoy Galley at the Hilton West Palm Beach, La Masseria
Flavor Palm Beach Foundation, Michelin in Palm Beach Gardens, and 1000 NORTH in Jupiter.
returns on Friday, Sept. Star, and celebrity chefs To participate in Flavor Palm Beach, no tickets or
1, and will feature special with plans to serve up passes are required. Simply make a reservation, visit the
prix fixe menu offerings some of the tastiest restaurant, and enjoy the menu. Starting Tuesday, Aug. 8,
at dozens of Palm Beach cuisine from around diners can view the full list of participating restaurants at
County’s hottest bistros, the world. This year, flavorpb.com.
diners, and restaurants. Flavor Palm Beach About Flavor Palm Beach
For the entire month of will see the return of Flavor Palm Beach was established in 2007. It’s the
September, Flavor Palm restaurants owned by original and oldest monthlong dining experience in South
Beach will introduce renowned celebrity Florida, with participating restaurants spanning from
diners to local restaurants Chef Stephen Asprinio chefs, including Café Galley food spread Tequesta to Boca Raton. Diners can experience a vast
across the county – from Boulud owned by array of restaurants in the county from American, Italian,
Tequesta to Boca Raton. legendary, award-winning chef Daniel Boulud, The French, and Greek, just to name a few. Flavor menus are
Customers will receive Butcher’s Club owned by Top Chef season 13 winner available at participating restaurants and offered online
lunch and dinner three- Jeremy Ford, Honeybelle owned by Top Chef season 9 at flavorpb.com. Follow us at @flavorpalmbeach on
course prix fixe menus, finalist Lindsay Autry, and AquaGrille owned by Top Chef Facebook, Twitter, and Instagram.
with prices ranging from All-Star Stephen Asprinio. Photos courtesy of Flavor Palm Beach
$35 to $85.
Flavor Palm Beach’s
CEO Kerri Paizzi is a
20-year restaurant and
marketing veteran who is
dedicated to helping local
restaurants thrive during
one of Florida’s slowest
tourism months.
“Every day is an Blackbird General Tso’s “Tikka Masala”
uphill battle for the Chef Lindsay Autry 1000 NORTH She Crab Soup Honeybelle Fried Chicken spread Chicken
hospitality industry,
and it’s important that “Service is our number one priority”
we support our local
restaurants as much as 561-743-0070
we can,” said Paizzi.
“Restaurants and locals www.palmspoolservices.com
have grown to love what
Flavor has brought to the
community for the past
15 years, and they’ll be Chef Jeremy Ford

Expires 10/15/23.

State Licensed & Insured
Serving Palm Beach County CPC # 1457468 • LPG#30099