Page 26 - PGA Community News - February '24

Page 26, PGA C.A.N.! February 2024 February 2024

21st Archival Evening Celebrates from page 25 Pitt, Katie and Jim
Robinson IV, Frances G.
HSPBC Board Chair Scaife and Gerry Seay.
Richard S. Johnson Jr. and Host Committee:
President and CEO Jeremy Lee Ann and Jeffrey
W. Johnson thanked those Alderton, John P.
who helped make the event Archer, Judy Berkowitz,
a resounding success. Camille Branca, Alex
This year ’s maj or and Joe Chase, Susan
sponsors, who ensure the and Christopher Cowie,
success of the gala, were Robert J. Desnick, Lora
Grand Benefactor, the Drasner, Susie and Leonard and Judy Lauder
Richard and Pat Johnson Edward Elson, Christine
Family; Evening Dinner Schott Ledes and George Ledes, Peg and Grey Marker,
Sponsor, Jim McCann; Lori Kanter-Tritsch and OUMERE-Wendy Ouriel, Joe G. Pacetti, Anka K. Palitz, Hillie Mahoney and Russel Lee A nn and J ef f rey
E v e n i n g C h a m p a g n e William Lauder Deborah Pollack, Kelly and Andrew Sciame, Lindsay and Kelley Alderton
Sponsor, The Boca Raton; Daniel Seigel, Jean and Martin Shafiroff, Anne Speiser,
Evening Photography Sonja and Mark Stevens, Evelyn Treacy, Michael Waring, achievements have substantially contributed to the unique
Sponsor, Susan and Mary and Donald Weiss and Stephen Whitehill. character of this region, from its extraordinary physical
Dominick Telesco; Evening About Archival Evening beauty and world-renowned architecture to its unique
Invitation Sponsor, Hillie The annual event pays tribute to individuals whose cultural institutions and glittering social scene.
Mahoney; Evening Music
Sponsor, Pioneer Linens;
Evening Floral Sponsor, Financial Focus ®
Nievera Williams Design;
and Evening Exclusive
Media Sponsor, Palmer. Treasury Bonds: Still Safe always remain the same, the market value of your Treasury
Legacy Circle: Bill Bone, security can change. So, you might not get face value for a
The Burkhardt Family, Lisa For Investors Treasury bond if you sell it before it matures, particularly
and James Cohen, Nancy Jean Shafiroff and Taylor if market interest rates are higher than the rate you’ve been
Goodes, Ellen Levy, Pauline Materio By Sally Sima Stahl receiving. Because longer-term bonds have more payments
You may have read left to make than shorter-term ones, they are more sensitive
reports about an impending to interest rate changes and market price fluctuations.
“debt crisis” in the United • Taxes – Interest income from Treasury securities is
States. Should you be subject to federal income tax but exempt from state and
worried about investing in local taxes.
Treasury securities? In addition to the traditional Treasury bonds, bills and
Part of the concern over notes, another option is available: Treasury Inflation-
debt has been driven by Protected Securities (TIPS). Unlike other Treasury
the cost of government securities, in which the principal is fixed, the principal
borrowing, which has risen of a TIPS can move up or down, based on movements in
because of higher interest the Consumer Price Index for Urban Consumers (CPI-U).
rates. But it’s worth noting Once your TIPS matures, if the principal is higher than
that while interest expenses have risen to nearly 2 percent of the original amount, you’ll get the increased amount; if
gross domestic product (GDP), this measure had exceeded the principal is equal to or less than the original amount,
3 percent in the early 1990s. So, while the upward trend you’ll get the original amount. TIPS pay a fixed interest
Carol and Tom Kirchhoff Kelly and Andrew Sciame of federal debt could prove problematic down the road, rate semiannually until maturity, but because interest is
the claims of a current crisis may be overblown. And paid on the adjusted principal, the amount of your interest
Treasury securities are still considered among the safest payments can vary. As with other Treasury securities, you
investments in the world, as they are secured by the full can hold a TIPS until maturity or sell it before it matures.
faith and credit – that is, the ability to borrow and tax – of Don’t let scary or gloomy predictions discourage you
the United States. from considering Treasuries – they remain a good option
In any case, if you haven’t invested in Treasury as part of the fixed-income portion of your investment
securities, you’ll want to know the basics. First of all, when portfolio.
you purchase a Treasury security, you’re lending money This article was written by Edward Jones for use by
to the federal government for a specific period of time. your local Edward Jones Financial Advisor, Edward Jones,
Here are your purchase options: Member SIPC.
• Treasury bill – Typically matures in four, 13 or 26 Edward Jones is a licensed insurance producer in
weeks, although some have maturities of up to a year all states and Washington, D.C., through Edward D.
• Treasury note – Matures in between one and 10 years Jones & Co., L.P., and in California, New Mexico and
• Treasury bond – Typically matures in 10 to 30 years Massachusetts through Edward Jones Insurance Agency
Kathy and Paul Leone Chris and Susan Cowie When you buy Treasury notes or bonds, you receive of California, L.L.C.; Edward Jones Insurance Agency of
semiannual interest payments, but when you purchase a New Mexico, L.L.C.; and Edward Jones Insurance Agency
Treasury bill – a T-bill – you generally buy it at a discount, of Massachusetts, L.L.C.
and when the bill matures, you receive its face value. So, Edward Jones, its employees and financial advisors
for instance, you might pay $4,700 for a 13-week T-bill cannot provide tax advice. You should consult your
and get $5,000 back at the end of the three months. qualified tax advisor regarding your situation.
When investing in Treasury securities, you’ll want to Contact us at (561) 748-7600, Sally Sima Stahl, AAMS,
keep these features in mind: 1851 W. Indiantown Road, Ste. 106, Jupiter, FL 33458.
• Price fluctuation – While your interest payments will
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