Page 15 - Hobe Sound Reflections - February '24

Hobe Sound, Page 15

finanCial fOCus ®

Treasury Bonds: Still Safe For semiannual interest payments, but when you purchase a from considering Treasuries – they remain a good option
When you buy Treasury notes or bonds, you receive
as part of the fixed-income portion of your investment
Investors Treasury bill – a T-bill – you generally buy it at a discount, portfolio.
and when the bill matures, you receive its face value. So, This article was written by Edward Jones for use by
By Sally Sima Stahl for instance, you might pay $4,700 for a 13-week T-bill your local Edward Jones Financial Advisor, Edward
You may have read and get $5,000 back at the end of the three months. Jones, Member SIPC.
reports about an impending When investing in Treasury securities, you’ll want to Edward Jones is a licensed insurance producer in
“debt crisis” in the United keep these features in mind: all states and Washington, D.C., through Edward D.
States. Should you be • Price fluctuation – While your interest payments Jones & Co., L.P., and in California, New Mexico and
worried about investing in will always remain the same, the market value of your Massachusetts through Edward Jones Insurance Agency
Treasury securities? Treasury security can change. So, you might not get face of California, L.L.C.; Edward Jones Insurance Agency of
Part of the concern over value for a Treasury bond if you sell it before it matures, New Mexico, L.L.C.; and Edward Jones Insurance Agency
debt has been driven by particularly if market interest rates are higher than the rate of Massachusetts, L.L.C.
the cost of government you’ve been receiving. Because longer-term bonds have Edward Jones, its employees and financial advisors
borrowing, which has risen more payments left to make than shorter-term ones, they cannot provide tax advice. You should consult your
because of higher interest are more sensitive to interest rate changes and market qualified tax advisor regarding your situation.
rates. But it’s worth noting that while interest expenses price fluctuations. Contact us at (561) 748-7600, Sally Sima Stahl, AAMS,
have risen to nearly 2 percent of gross domestic product • Taxes – Interest income from Treasury securities is 1851 W. Indiantown Road, Ste. 106, Jupiter, FL 33458.
(GDP), this measure had exceeded 3 percent in the early subject to federal income tax but exempt from state and
1990s. So, while the upward trend of federal debt could local taxes. Library’s annual BookMania!
prove problematic down the road, the claims of a current In addition to the traditional Treasury bonds, bills and
crisis may be overblown. And Treasury securities are still notes, another option is available: Treasury Inflation- set to take place March 2
considered among the safest investments in the world, as Protected Securities (TIPS). Unlike other Treasury
they are secured by the full faith and credit – that is, the securities, in which the principal is fixed, the principal The Martin County Library System is excited
ability to borrow and tax – of the United States. of a TIPS can move up or down, based on movements in to announce that the 2024 BookMania! annual
In any case, if you haven’t invested in Treasury the Consumer Price Index for Urban Consumers (CPI-U). event, sponsored by The Library Foundation
securities, you’ll want to know the basics. First of all, Once your TIPS matures, if the principal is higher than of Martin County and Florida Humanities, will
when you purchase a Treasury security, you’re lending the original amount, you’ll get the increased amount; if take place on Saturday, March 2, 2024, at the
money to the federal government for a specific period the principal is equal to or less than the original amount, Jensen Beach High School Performing Arts
of time. you’ll get the original amount. TIPS pay a fixed interest Center, 2875 NW Goldenrod Road in Jensen
Beach, starting at 9:00 a.m.
Here are your purchase options: rate semiannually until maturity, but because interest is
• Treasury bill – Typically matures in four, 13 or 26 paid on the adjusted principal, the amount of your interest BookMania! is free and open to the public.
weeks, although some have maturities of up to a year payments can vary. As with other Treasury securities, you Authors will participate in one of multiple
• Treasury note – Matures in between one and 10 years can hold a TIPS until maturity or sell it before it matures. panel discussions featuring emerging and
• Treasury bond – Typically matures in 10 to 30 years Don’t let scary or gloomy predictions discourage you prominent writers. The auditorium can get
chilly, so please bring a sweater. Titles by
Tampa General news guest authors are available through the
library’s collections. Lunch from the Martin
County Sheriff's Office BBQ team will be
available for cash-only at the event. Barnes
Tampa General Hospital: & Noble Booksellers will be onsite offering
purchased coffee and light refreshments in
Florida’s Premier Academic addition to facilitating book sales.
Health System Sea Stories - Fact & Fiction
9:15 am - 10:00 am
What is an academic health system, and why is it Moderator: Peggy Chittum
crucial to the future of health care in the state of Florida? Kevin Sites: The Ocean Above Me
An academic health system combines a large hospital Earl Swift: Chesapeake Requiem - a year with
aligned with a respected school of medicine. The hospital the Watermen of vanishing Tangier Island
utilizes all aspects of the school’s expertise, producing
high-caliber research and development that ultimately Thriller & Suspense
10:30 am - 11:45 pm
enhances patient care. Dr. Eduardo Sotomayor and Dr. Abe Schwarzberg of Tampa SIGNING 11:45 am - 12:15 pm
Experts with Harvard Medical School and others General Hospital Cancer Institute Moderator: Amanda Brack
published findings that community medical centers Darby Kane: The Engagement Party
associated with academic health systems provide better not only with patients, but also with physicians’ groups on Armando Lucas Correa: The Silence in her
patient outcomes. Florida’s East Coast interested in joining TGH’s network. Eyes
Through its alliance with the USF Health Morsani By increasing the breadth and scope of its offerings, TGH Megan Collins: Thicker Than Water
College of Medicine at the University of South Florida, has become an academic-regional health system, caring
Tampa General Hospital (TGH) is an academic health for potentially millions of patients, while continuing to LUNCH 11:45 am - 12:45 pm -
system evolving into a statewide center of excellence uphold the rigorous standards of excellence required of signing and lunch
through partnerships with community hospitals and a teaching hospital at the forefront of medical research.
physicians across Florida. “TGH is really a hospital for the state of Florida,” said Love, Friendship, and Ever After's
12:45 pm - 1:45 pm
“TGH is committed to providing our partners with Schwarzberg. “When you have complex, major changes SIGNING 1:45 pm - 2:15 pm
enhanced access to complex care and clinical trials that help in health care like COVID created, TGH’s infrastructure, Moderator: Linda Weiksnar
improve statewide patient outcomes,” said Dr. Abraham access to clinical trials and nimble approach enable us Kristy Woodson Harvey: The Summer of
Schwarzberg, executive vice president, chief of oncology, and to care for ongoing patient needs, plus provide subject Songbirds
president of the Tampa General Provider Network (TGPN), matter expertise coupled with cutting-edge treatment.” Melissa Rivero: Flores and Miss Paula
and vice president of clinical and translational research,
TGH-USF Health Joint Office of Clinical Research. Tampa General Hospital East Coast Providers Historical Fiction
There are many reasons why TGH is becoming a To reach any of the TGH East Coast providers listed 2:15 pm - 3:15 pm
center of excellence. First, TGH led the way in studies below, call (561) 659-6543. SIGNING 3:15 pm - 3:45 pm
and trials for novel COVID-19 treatments. It also quickly TGH Cancer Institute, Cancer Center of South Florida, Moderator: Paula Hundt
adapted to handle patient overflow from overwhelmed Palm Beach Gardens • Palm Springs Talia Carner: The Boy with the Star Tattoo
Patti Callahan Henry: The Secret Book of
local and regional hospitals, while continuing its normal TGH Advanced Kidney Care, West Palm Beach • Flora Lea
operations. Second, TGH is committed to providing care Jupiter Katherine Reay: The Berlin Letters
for underserved individuals and communities. “We are TGH Digestive Health Center, West Palm Beach • Palm
both a dedicated safety net hospital and a not-for-profit Beach Gardens This popular program has received national
institution,” said Schwarzberg. “TGH delivers care TGH Heart and Vascular Institute, Boynton Beach recognition for its stellar authors, record
regardless of insurance or socioeconomic background.” TGH General Surgeons of the Palm Beaches, West attendance, and impressive Barnes &
This approach solidified TGH’s reputation for Palm Beach Noble book sales. For more information,
prioritizing patient care over bottom lines. This resonates TGH Concierge Health, Palm Beach Gardens visit www.library.martin.fl.us and search for
“BookMania!” or call 772-288-5702.

Funding for this program was provided
through a grant from Florida Humanities
with funds from the National Endowment
for the Humanities. Any views, findings,
conclusions or recommendations expressed
in this program do not necessarily represent
those of Florida Humanities or the National
Endowment for the Humanities.