Page 25 - Boca ViewPinte - March '24

March 2024 Viewpointe, Page 25
The Symphonia’s 2023/24 ‘Journey To Discovery’ Concert

Season Continues With Fourth Concert ‘Europe’s Shores’

Sunday, March 17 music advisor at Chicago Opera Theater. A graduate of
Yale College, King’s College Cambridge (where he was
The Symphonia, South Florida’s premier chamber a British Marshall Scholar) and conducting fellowships
orchestra, will present its fourth concert of its “Journey at both Aspen and Tanglewood, he has guest-conducted
to Discovery” earth and environment themed season countless orchestras across the globe.
with “Europe’s Shores.” The concert will take place on Roettges has been the principal flute for the
March 17 at 3 p.m. at Roberts Theater at Saint Andrew’s Jacksonville Symphony since 1986. During the summer
School in Boca Raton. The performance will feature artists he is the principal flute for the Eastern Music Festival, and
Alexander Platt and Less Roettges. he is also a member of the six-time Emmy award-winning
Platt has built a unique career spanning the worlds All-Star Orchestra, led by Maestro Gerard Schwarz.
of symphony, chamber music, and opera. He is music Before winning the position in Jacksonville, Roettges
director of the La Crosse Symphony Orchestra, the performed as the principal flute for the Philharmonic
Waukegan Symphony Orchestra, and the Wisconsin Orchestra of Mexico City, Solisti New York, and the Opera
Philharmonic, and spends his summers as the music Ensemble of New York.
director of the Maverick Concerts in Woodstock, N.Y. Roettges regularly tours with the San Marco Chamber Music
He also spent 12 seasons as resident conductor and Alexander Platt Less Roettges Society. He holds a bachelor’s degree from the New England
Conservatory and a master’s from The Juilliard School.
Information on tickets is available at thesymphonia.
org, by calling (561) 376-3848, or by emailing tickets@
thesymphonia.org.
Pre-Concert Conversation
A Pre-Concert Conversation hosted by The Symphonia’s
Minimizing Taxes of Highly Appreciated Assets Principal Conductor, Alastair Willis takes place from 2 to
2:30 p.m., giving ticket holders an opportunity to learn
more about the works to be performed that afternoon.
Introduction This is free for concert ticket holders.
If the value of your stocks, bonds, or other capital investments has increased substantially, there are a few steps you can take to Meet The Orchestra
minimize taxation. These include timing the sale of your capital assets, using capital losses effectively, and passing assets to heirs at your The Symphonia’s most popular, interactive program
death. In addition, you might consider charitable giving. for kids returns on Saturday, March 16, coinciding with
The Symphonia’s rehearsal and includes an instrument
Timing the sale of assets is important petting zoo. Children can attend for free, and adults are
Generally, you can choose when to sell your investments, potentially shifting taxes owed. Therefore, if your capital assets have just $5 per person. The event also takes place at Roberts
appreciated substantially, you can control when you recognize the profit (capital gain) on these investments. If you are in a high tax Theater at Saint Andrew’s School located at 3900 Jog
bracket, you may want to hold on to your highly appreciated investments for longer than 12 months in order to get favorable long- Road, Boca Raton.
term capital gains tax treatment. Long-term capital gains are generally taxed at special capital gains tax rates of 0%, 15%, and 20%
depending on your taxable income. By contrast, because short-term capital gains are taxed as ordinary income, the top short-term About The Symphonia
capital gains tax rate can be 37%. Higher-income taxpayers should be aware that they may be subject to an additional 3.8% Medicare The mission of The Symphonia is to inspire, educate and
unearned income tax on net investment income (unearned income includes capital gains) if their adjusted gross income exceeds engage the lives of our diverse South Florida community
$200,000 (single filers) or $250,000 (married joint filers). As you can see, a little patience can pay off handsomely. through extraordinary musical experiences. Founded in
Moreover, if you expect to have substantial tax deductions in a particular year, it may be wise to wait until that year to sell, so 2004 and recognized as the region’s premier chamber
that the resulting gain can be offset. orchestra, The Symphonia’s annual concert series features
a repertoire blending classic and contemporary works,
Using capital losses effectively showcasing compositions from diverse composers that
You can minimize taxation of your capital gain income by using capital losses effectively. More specifically, you can generate capital can best be brought to life by a chamber-size ensemble.
losses to offset capital gains, and you can use your capital gain income to utilize unused losses. Capital losses must be netted against The Symphonia takes great pride in its longstanding
capital gains in a specific manner. Excess losses may offset up to $3,000 ($1,500 if married filing separately) of ordinary income per year. community partnerships, including its Building a String
Losses remaining after the limit may be carried forward indefinitely to offset future income.
Planning with capital losses can be an important method of minimizing taxes on highly appreciated assets. If you expect to recognize Orchestra and Self-Esteem children’s program at the
a substantial capital gain this year, you should review your portfolio to make use of any capital losses you may have. Boys & Girls Club in Delray Beach, and with the City
of Boca Raton. Additional outreach programs include
Is it better to gift highly appreciated assets during your lifetime or to pass them to others at death? Meet the Orchestra for kids 12 and under, and Box
Property that has already appreciated substantially may not be the best candidate for a lifetime transfer or gift. That is because the Lunch It, a program that allows adult patrons to meet
recipient of a gift takes a carryover basis in the property; that is, the recipient's basis in the property is the same as your basis was. In contrast, and learn from The Symphonia’s featured soloists and
the basis of property passed at your death is generally stepped up (or down) to its fair market value (FMV) at the time of your death. conductors in an intimate, casual environment. This past
You may not want to give highly appreciated property if the donee will recognize a substantial capital gain when the property is sold. year, The Symphonia also launched a program to provide
On the other hand, you may want to make that gift if the sale of the property is imminent anyway and the donee is in a lower tax bracket. complimentary tickets to service organizations such as
You (the donor) may increase the basis of appreciated property by the portion of any federal gift and generation-skipping transfer taxes Boca Helping Hands, Lighthouse for the Blind, Wounded
you pay that are attributable to the appreciation element. Since the donee takes a carryover basis, the capital gain recognized by the donee Veterans Relief Fund, and Schwedelson Special Need
will be less than it would have been without the adjustment. You cannot increase the basis of the property any higher than the property's fair
market value on the date of the gift. Department of the Jewish Community Center.
Remember, you can currently make federal tax-free gifts of $15,000 per recipient under the annual gift tax exclusion. If you exceed this For more information, visit thesymphonia.org; follow
amount, you may owe gift tax, however, gift tax owed may be offset by your applicable exclusion amount to the extent that is available. on Instagram @TheSymphonia and on Facebook @
SymphoniaBoca. 
Gifting highly appreciated assets to charity
When you donate stock or other intangible long-term capital gain property to a qualified public charity, you can deduct the full FMV
of the property to the extent that it does not exceed 30 percent of your adjusted gross income. Any amount that cannot be deducted in the
current year can be carried over and deducted for up to five succeeding years. You benefit in two ways: (1) you get a tax deduction, and
(2) you remove interest, dividends, and/or capital gains from your investment portfolio. If you wish to donate highly appreciated assets
to charity, however, it is important to apprise yourself of all relevant rules. Also, certain types of property may be more advantageous to
donate to charity than others.
This information, developed by an independent third party, has been obtained from sources considered to be reliable, but Raymond James Financial Services, Inc. does not guarantee that the foregoing
material is accurate or complete. This information is not a complete summary or statement of all available data necessary for making an investment decision and does not constitute a recommendation. The
information contained in this report does not purport to be a complete description of the securities, markets, or developments referred to in this material. This information is not intended as a solicitation
or an offer to buy or sell any security referred to herein. Investments mentioned may not be suitable for all investors. The material is general in nature. Past performance may not be indicative of future
results. Raymond James Financial Services, Inc. does not provide advice on tax, legal or mortgage issues. These matters should be discussed with the appropriate professional. Securities offered through
Raymond James Financial Services, Inc., member FINRA/SIPC, an independent broker/dealer, and are not insured by FDIC, NCUA or any other government agency, are not deposits or obligations of the
financial institution, are not guaranteed by the financial institution, and are subject to risks, including the possible loss of principal. Investment Advisory services offered through Raymond James Financial
Services Advisors, Inc. The information contained within this commercial email has been obtained from sources considered reliable, but we do not guarantee the foregoing material is accurate or complete

Raymond James Financial Services

Arthur Rottenstein

Registered Securities Principal

301 E. Yamato Road, Suite 3160
Boca Raton, FL 33431
561-241-6616

Arthur.Rottenstein@RaymondJames.com
bocaratonfinancialplanner.com