Page 17 - Talk of Tequesta - March '24

The Talk Of Tequesta, Page 17

finanCial foCus ®

When Should You Take Social Security?

By Sally Sima Stahl

One of your important Social Security, you don’t need to know your exact lifespan – you spouse’s benefit can be reduced by the amount of their own
sources of retirement income just need to make a reasonably good estimate. So, for example, retirement benefit and whether they took Social Security before
will likely be Social Security if you’re approaching 62, you’re enjoying excellent health and their full retirement age.) But with a survivor benefit, your
– but when should you start you have a family history of longevity, you might conclude it’s decision about when to take Social Security can make a big
taking it? worth waiting a few years to collect Social Security, so you difference. A surviving spouse can receive the larger of their
You can start collecting can receive the bigger payments. Conversely, if your health is own benefit or 100 percent of a deceased spouse’s benefit, so if
Social Security benefits at questionable and your family has not been fortunate in terms of you take benefits early and receive a permanent reduction, your
62, but your checks will be longevity, you might want to start taking your benefits earlier. spouse’s survivor benefit may also be reduced for their lifetime.
considerably bigger if you wait • Employment – You can certainly continue working and still When to take Social Security is an important – and
until your full retirement age, receive Social Security benefits. However, if you’re under your irrevocable – decision. So, consider all the factors before
which is likely between 66 and full retirement age for the entire year, Social Security will deduct making your choice.
67. You could even wait until $1 from your benefits for every $2 you earn above the annual This article was written by Edward Jones for use by
you’re 70, at which point the payments will max out, except for limit of $22,320. In the year you reach your full retirement age, your local Edward Jones Financial Advisor, Edward Jones,
yearly cost-of-living adjustments. But if you need the money, Social Security will deduct $1 in benefits for every $3 you earn Member SIPC.
you need the money, even if you’re just 62 or any age before above $59,520. So, you may want to keep these reductions in Edward Jones is a licensed insurance producer in all states
full retirement age. mind when deciding when to begin accepting benefits. Once and Washington, D.C., through Edward D. Jones & Co., L.P.,
However, if you have adequate financial resources to meet you reach your full retirement age, you can earn any amount and in California, New Mexico and Massachusetts through
your monthly needs, whether through earned income, your without losing benefits. (Also, at your full retirement age, Social Edward Jones Insurance Agency of California, L.L.C.; Edward
investment portfolio or a combination of the two, you could Security will recalculate your benefit amount to credit you for Jones Insurance Agency of New Mexico, L.L.C.; and Edward
have some flexibility in choosing when to take Social Security. the months you received reduced benefits because of your excess Jones Insurance Agency of Massachusetts, L.L.C.
In this case, you may want to weigh these considerations: earnings.) Edward Jones, its employees and financial advisors cannot
• Life expectancy – For all of us, it’s one of life’s great • Spouse – Spouses can receive two types of Social Security provide tax advice. You should consult your qualified tax advisor
mysteries: How long will we live? Of course, we can’t see benefits: spousal and survivor. With a spousal benefit, your regarding your situation.
into the future, so the question can’t be answered with total spouse can receive up to 50 percent of your full retirement Contact us at (561) 748-7600, Sally Sima Stahl, AAMS, 1851
confidence. But to make an informed decision on when to take benefits, regardless of when you start taking them. (Your W. Indiantown Road, Ste. 106, Jupiter, FL 33458.

mediCaL matters

Jupiter Medical Center Celebrates 45th Anniversary

Leadership Reflects On 45 Years Of Growth And Looks Ahead To Future

Jupiter Medical Center (JMC) is celebrating 45 years of “Jupiter Medical Center started as a local hospital for
service as the area’s only independent, not-for-profit hospital emergency access,” said Amit Rastogi, M.D., MHCM,
in its region. The hospital opened its doors for patient care president and CEO of JMC. “But as the population grew, we
on Feb. 14, 1979, as a 34-bed facility treating just 1,800 worked diligently to evolve in order to meet the needs of the
patients a year. Today, the health system employs more than community and the region. Today, we’ve expanded the depth
2,500 dedicated team members, oversees 400 volunteers and and breadth of our clinical services, and we are the number
has over 750 affiliated physicians to care for nearly 400,000 one rated hospital in our region for patient safety, healthcare
patients annually. Leadership for the hospital is reflecting on quality and patient experience.”
the organization’s tremendous growth while also looking Jupiter Medical Center’s stellar reputation is supported by
ahead to the future. peer, industry and community accolades from local, regional

and national organizations. Notably, in December, JMC was
the only hospital in Palm Beach County to earn the recognition
of “Top Hospital” from The Leapfrog Group, the most elite
distinction given by the national not-for-profit patient safety
watchdog group. The recognition followed an “A” Hospital
Safety Grade from the same organization one month prior.
Last year JMC was also named an “America’s Best-in-State
Hospitals” for 2024 by Newsweek and U.S. News & World
Report named the hospital a High Performing hospital for stroke,
colon cancer surgery, lung cancer surgery, heart failure, knee
replacement, and leukemia lymphoma and myeloma. Additional
recognitions were achieved from Becker’s Healthcare, The Palm
Beach Post and the Association of Healthcare Philanthropy.
Since Jupiter Medical Center opened, Jupiter and the
region have grown in population exponentially. In 1980, the
U.S. Census recorded nearly 10,000 people lived in Jupiter.
Four decades later, the census reported that more than 60,000
people resided in Jupiter.
In 2020, under Dr. Rastogi’s leadership, JMC launched
its cardiac surgery program at the Robson Heart & Vascular
Institute and opened its comprehensive Anderson Family
Located in Gallery Square North Cancer Institute. Last year, the hospital completed more
367 Tequesta Drive, Tequesta, FL expansion projects – starting the year with the completion
Now accepting phone orders (561)295-5962 of a significant renovation and expansion to its emergency
department and finishing the year with the completion of its
new, highly anticipated, state-of-the-art Johnny and Terry
Stop in to try our delicious scooped ice cream, blend Gray Surgical Institute.
one of our 16 flavors into a milkshake or if you're New projects on the horizon for the hospital’s main campus
include a new five-story, 92-bed Patient Care Tower and a five-
feeling adventurous try our signature drilled ice cream deck garage with 800 parking spaces. The tower will connect
where you are creating your own custom flavor of soft to the surgical institute and is on track to open in 2025.

serve ice cream with each order! For more information about Jupiter Medical Center, visit
jupitermed.com, call (561) 263-2234, or follow Jupiter Medical
Center on Facebook and Instagram @jupitermedicalcenter or
on Twitter @JupiterMedCtr.