Page 9 - Abacoa Community News - November '24

Abacoa, Page 9
Financial Focus ®

Donor-Advised Funds: You can then decide how to invest the money, possibly deduction, even though the DAF may distribute funds to
following a strategy suggested by the DAF sponsor charities over several years.
A Smart Way To Give organization you’ve selected. The next step involves • Tax-free growth of earnings – Once you contribute
choosing which charities to support, how often to provide an asset to a DAF, any earnings growth is not taxable to
By Sally Sima Stahl support (such as once a year) and how much to give you, the DAF or the charitable groups that receive grants
You can find several each time. You’re essentially free to direct the money to from the DAF.
ways to make charitable any charities you like, provided they’re IRS-approved • Avoidance of capital gains taxes – When you donate
gifts but if you’re looking charitable organizations. appreciated stocks or other investments – or for that matter,
for a method that can provide Now, let’s look at the possible tax advantages offered virtually any appreciated asset – to a DAF, you can avoid
multiple tax benefits, along by a DAF: paying the capital gains taxes that would otherwise be due if
with an efficient platform • Immediate tax deduction – A few years ago, changes you were to simply sell the asset and then donate the proceeds
for giving year after year, in tax laws resulted in a vastly increased standard to charitable organizations. Plus, by receiving the appreciated
you might want to consider deduction, which, in turn, led to far fewer people asset, rather than the proceeds from a sale, the charitable
a donor-advised fund. itemizing on their tax returns and having less incentive, groups can gain more from your contribution. And you can
Once you open a donor- at least from a tax standpoint, to contribute to charities. also take a tax deduction for your donation.
advised fund (DAF), you But if you don’t typically give enough each year to While these potential tax benefits can certainly make a
can contribute many types of assets, including cash, itemize deductions, you could combine several years’ DAF an attractive method of charitable giving, you should
publicly traded stocks, bonds, CDs or non-cash items worth of giving into one contribution to a DAF and take be aware of some potential tradeoffs. Once you contribute
such as closely held business interests, art or collectibles. a larger deduction in that tax year. And you can claim that assets to a DAF, that gift is irrevocable, and you can’t access
the money for any reason other than charitable giving. Also,
The Singles Scene Column © your investment options are limited to what’s available
in the DAF program you’ve chosen. And DAFs can incur
administrative costs in addition to the fees charged on the
underlying investments.
Special Holiday Edition by: Kelly Leary, M.S. & Miranda season, when can you? Get out there and laugh. Dress like You may want to consult with your financial professional
Capparelli, The Real Matchmakers you are going to fall in love with someone during the day-- about other potential benefits and tradeoffs of DAFs and
5 Game Changing Dating even if it is your barber or your dry cleaner. You don’t have whether a DAF can help you with your charitable giving
to literally romantically fall in love. Just understand that the
goals. Also, different DAF sponsors offer different features,
Tips for November more we love and appreciate others, the more others will love so you will want to do some comparisons. And because DAFs
and respect us. I.E. Let’s see how many heads and hearts
we can touch in these last two months of the year. Got it? can have such significant implications for your tax situation,
“Love and gratitude 5. Spoil yourself this holiday. You’re single, so go wild you should consult with your tax professional before taking
can part seas...It can treating yourself. You will feel great. You deserve it too, action.
move mountains and right? Buy the date night outfit (even if you don’t have the If a DAF is appropriate for your situation, though,
it can create miracles. date yet). Buy the shirt. Book your hair appointment. Hire consider it carefully — it might be a good way to support
The power of love and the Matchmakers. Understand, every one of us (single or your charitable giving efforts for years to come.
gratitude will dissolve all taken) has a “Relationship Investment Spend” whether you This article was written by Edward Jones for use by
negativity in our lives no are aware of it or not. Any and all things that enhance your your local Edward Jones Financial Advisor, Edward Jones,
matter what the form has relationships with others—new and old—will increase Member SIPC.
taken.”~~Rhonda Byrne the quality of your life. Ask yourself: “What have I spent Edward Jones is a licensed insurance producer in all states
Hey Insiders! First and this year to enhance my relationships with others?” If it’s and Washington, D.C., through Edward D. Jones & Co., L.P.,
foremost, our heartfelt nominal—you know what to do next. It’s buying season. and in California, New Mexico and Massachusetts through
thanks to you for sharing your precious time with us again Celebrate YOU! Thank us later for this stellar holiday Edward Jones Insurance Agency of California, L.L.C.;
today. This is an excellent read to share with your single survival tip. Edward Jones Insurance Agency of New Mexico, L.L.C.; and
friends and family too. We are entering the most vital time In closing, there is no better time than November to ramp Edward Jones Insurance Agency of Massachusetts, L.L.C.
of year--and extra love is on the menu. Our commitment is up and show gratitude for how far you have come this year. Edward Jones, its employees and financial advisors
to love and support all individuals in their goals to connect, Let your wild streak shine and squash that inner self-critic. cannot provide tax advice. You should consult your qualified
especially in November, the most popular month to join
our club. This month, our gratitude knows no bounds for It’s time to reward yourself--with the gift of love. tax advisor regarding your situation.
®
our community, couples, clients, and all of our American Warm wishes for a joyful Thanksgiving to you and Contact us at (561) 748-7600, Sally Sima Stahl, CFP ,
™
Heroes (First Responders). Our team appreciates all of you. your loved ones. Seize the opportunity to transform AAMS , 1851 W. Indiantown Road, Ste. 106, Jupiter, FL
your love life before the “big” holy holidays come in 33458.
Thanks to our Matchmaking Dream Team, countless couples December. Once again, thank you for following THE
will be celebrating the 2024 Holiday Season together. There Award-Winning Matchmakers!
is still time for you to find love too. Last year, between
November and December, we connected more new couples We can’t wait to meet you in
than ever before. People are more willing to let their guard our corporate headquarters of
down in November. It is time to spread your wings. There love on PGA Boulevard soon
is also less judgment in November--and people are typically (where we have gratefully
kinder and more gentle this time of year. Sounds like a good been rooted since 2014 and
time to date? In a nutshell, YES! ’Tis the season! Please counting). Reserve your
enjoy and study our coveted tips... appointment today so that
you can avoid the up-and-
1. Cast your love line in well-stocked crystal clear waters, coming waitlist! The early
not in bargain Black Friday basements or risky online bird gets the worm--and the
shopping sites. You are only as good as the crowd in front guy--or the girl.
of you. Just as you may visit Bloomingdales, Macy’s, or
Saks for that special outfit, your approach to dating should XOXO from Your Favorite Cupids,
be equally selective. If you are seeking love in bars or on Kelly & Miranda
online dating sites, you may be putting yourself at financial, P.S. Want some bonus points with us? Mention this article
emotional, and physical risk. Half the dating challenge can and how long you have been reading it when you schedule
be overcome by looking in the right places—where quality, your first appointment. Some of you have been following
honest, and successful singles gather. It's that simple. this column for more than 17 years. We thank you for that Best Bin Caddy#
2. Once you've found a promising person to date, be your too. Keep spreading the love!
best self and get to know them. Effective communication #LoveOffline #CuffingSeason #Gratitude
is the cornerstone of any successful relationship. Early on, #MatchmakingRoyalty #AlmostPerfect #TellYourFriends NEW!
determine if your communication styles align. Refrain from #HolidayRomance #Privacy
judging a book by its cover; delve into the pages and read
the story. If you need assistance with this, don’t hesitate to Kelly Leary© has 33 years in the dating industry and a
reach out. This Team is here to help--it’s in our DNA. We master’s degree in clinical psychology. She has also been
provide services far beyond matchmaking. Connection and written about in Modern Luxury Magazine Palm Beach
compassion are the language we speak, offering coaching and Modern Luxury Manhattan, The Palm Beach
and networking throughout our community of members and Post, PalmBeacher Magazine, Stuart News, Jupiter
concierge services. Magazine, and many more. Revolution Dating members On sale
are pre-screened in person including background checks. $ 95
3. Be fun and light! Who wants to be around a perpetual Professional photos are taken by the staff. Revolution 79
grouch? Is whining attractive? Is constant drama and Dating is NOT online dating or blind dating. In addition Tax Inc.
complaining appealing? We think not. If this describes to providing matchmaking services that make singles
you, it might not be the right time to join the revolution yet. “UN-single” through their exclusive club memberships, Recycling Bin Caddy
Take some time for introspection—try yoga, read a book, Kelly and her Team also provide feedback from your
create a gratitude journal, or go for a nature walk. We attract dates when appropriate. Mock Dates are available by Made in the USA
physically and emotionally available people who are ready to request. Single Coaching Sessions and Evaluations are
take the next step. Always remember, an attitude of gratitude also available by request for non-members or as an add- Using Heavy Duty PVC and All Terrain Wheels.
will get you farther than being critical and judgemental. on to some memberships. *All inquiries are confidential Easy To Use Design. Arrives Fully Assembled With
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