Page 10 - Jupiter Ocean Mile - June '24

Page 10, Jupiter Ocean Mile
Financial Focus ®

Financial Tips For Widows on what you have and what you owe. And if your spouse had Review Your Estate Plans
The death of a spouse can certainly affect your family’s estate
provided a large amount of your household income, you will
And Widowers also need to determine what changes you may need to make plans. So, it’s a good idea to review these plans to see what
to your lifestyle. changes, if any, need to be made. When conducting this review,
By Sally Sima Stahl Address Insurance Issues you’ll benefit from working with an estate-planning professional.
Losing a spouse is If you will receive a death benefit from your spouse’s Finally, keep in mind that you don’t have to go it alone
one of the most painful insurance policy, what will you do with the money? It may during this difficult time. If you’re already working with a
experiences anyone can have. prove helpful in funding your own retirement or meeting financial professional, they can help. If you aren’t currently
Unfortunately, widows and other financial goals. But you’ll also want to be clear about working with one, now might be the time to start. By looking
widowers have to deal with what other beneficiaries, such as your children, might receive. at your finances and your family situation holistically, a
more than just the emotional And while you’re looking at insurance, you also might financial professional can provide guidance that can help
trauma – they also must want to look at your own policies – do you need to change ease the stress you are naturally feeling.
consider a range of financial beneficiaries? Few events are as sad as losing a spouse. But when you
issues. If you’ve recently Review Your Social Security Options feel ready, start taking the steps necessary to continue forward
been widowed, what financial If you are at least 60 and you were married at least nine on your life’s journey.
moves should you consider? months, you may be entitled to Social Security survivor This article was written by Edward Jones for use by
For starters, don’t rush into any major decisions. If you’re benefits. (If you remarry before age 60, you typically your local Edward Jones Financial Advisor, Edward Jones,
still in the grieving process, you are unlikely to be in the best cannot receive survivor benefits, but you can reinstate Member SIPC.
shape to make significant choices affecting your finances and them if this subsequent marriage ends.) The amount of your Edward Jones is a licensed insurance producer in all states
your life. survivor’s benefits depends on your age and the age of your and Washington, D.C., through Edward D. Jones & Co., L.P.,
But once you feel ready to look at your situation objectively deceased spouse. You can’t claim your deceased spouse’s and in California, New Mexico and Massachusetts through
and make appropriate choices, consider the following steps. benefits along with your own retirement benefits, so if Edward Jones Insurance Agency of California, L.L.C.;
Review Your Finances you qualify for survivor and retirement benefits, you’ll Edward Jones Insurance Agency of New Mexico, L.L.C.; and
Look at your entire financial picture – your assets, receive the larger amount. Depending on your situation, Edward Jones Insurance Agency of Massachusetts, L.L.C.
investments, debts and income. If you and your spouse had you might come out ahead by delaying your retirement Edward Jones, its employees and financial advisors cannot
communicated well about your finances, and you shared benefits, giving them the chance to grow, while you accept provide tax advice. You should consult your qualified tax
decisions, you hopefully won’t encounter any big surprises. survivor benefits. For more details on receiving Social advisor regarding your situation.
But if your spouse was the partner who mostly handled Security benefits, visit the Social Security Administration’s Contact us at (561) 748-7600, Sally Sima Stahl, AAMS,
financial matters, you may need to get up to speed quickly website at www.ssa.gov. 1851 W. Indiantown Road, Ste. 106, Jupiter, FL 33458.
Impact The Palm Beaches Awarded $396,000 To Five Local

Nonprofits At Ninth Annual Impact Awards Celebration

Impact the Palm Beaches hosted the Ninth Annual
Impact Awards Celebration on April 17, at the Cohen
Pavilion, Kravis Center in West Palm Beach. During this
exciting evening, Impact the Palm Beaches awarded high-
impact grants totaling $396,000 to nonprofit organizations
in Palm Beach County.
The winners of the three $100,000 impact grants were
the American Association of Caregiving Youth (Caregiving
Youth Project), Healthy
Mothers, Healthy Babies
(Basics4Babies Emergency Erin Standish, Aleese Kopf and Kristen Grace Kurian, Lisa Johnson, Christina
Pantry), and The Lord’s Perrone Delvecchio Anne Messer, Julie Dow, Angela Williams
Place (Project Divert: A
Homeless Shelter Diversion members voted and distributed multiple $100,000 grants and The 2024 Impact event was an exhilarating and inspiring
Pilot Initiative). Additionally, sizable merit grants. Everyone went home a winner.” evening. The finalists presented their requests for funding to
two $48,000 merit grants Before the presentations began, more than 300 members Impact the Palm Beaches members, a vote was taken, and the
were awarded to Busch and guests enjoyed cocktails and light bites while mingling awards were immediately distributed. Since its establishment
Wildlife Sanctuary (for the with the finalists. Hollani Davis, an Emmy-winning TV
rehabilitation flight cages for anchor of Today on 5 on WPTV, served as the event emcee. Impact The Palm Beaches on page 11
large birds) and Take Stock in
Children Palm Beach County
(for the program expansion
in Central and Northern Palm Lisa LaFrance and Hollani
Beach County). Davis
“This is my favorite night
of the year,” said Lisa LaFrance, 2023/24 president of Impact
the Palm Beaches. “The work these nonprofits are doing in
the community is changing lives. The desire our members
have to support these nonprofits is a refreshing expression
of compassion. When people come together to accomplish
a purpose-filled goal, it feels like anything is possible. Our

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