Page 6 - Palm City Spotlight - January '25

Page 6, Palm City Spotlight

happeNiNGs

House Of Hope’s Cirque Du programming. Project HOPE strengthens families, community. Sponsorship opportunities at varying levels
prevents homelessness, equips students to learn and grow,
are available at hohmartin.org/soiree.
Soirée Gala Goes Electric improves health, encourages employment, and changes To learn more about House of Hope or make a donation,
For 2025 lives for the better. visit House of Hope’s website at www.hohmartin.org or
call (772) 286-4673.
Tickets sell out fast. They’re available now at hohmartin.
org/soiree. Sponsors of Cirque du Soirée are assured of For more information about House of Hope, visit
House of Hope’s glamorous gala, Cirque du Soirée, prime seating at the event, recognition in event-related hohmartin.org or call (772) 286-4673. Updates and
presented by Pedersen Family Foundation, is going electric communications, and the satisfaction of helping House announcements can also be found on Facebook, Instagram,
this year! With a reputation for surprising and delighting its of Hope care for individuals and families throughout the and X.
guests, the Third Annual Cirque du Soirée is promising an
unforgettable evening with an exciting atmosphere, fantastic
entertainment, exquisite food, and an opportunity to change
the lives of people in need in Martin County.
This annual event takes place on February 1, at Piper’s
Landing Yacht & Country Club in Palm City. The gala is a
celebration of the generous community of support that has
enabled House of Hope for over 40 years to empower area
residents to overcome hunger and hardship.
“The gala has earned the reputation of being a terrific
evening of fun and fellowship,” House of Hope CEO
Rob Ranieri said. “At the same time, it has a very serious
purpose – to remind us that helping others is a continuing
challenge and it requires high energy and commitment
from all of us every day.”
Soul Survivors Band is returning to the event this year to
provide the lively soundtrack to a great evening of dancing
and entertainment. Guests will enjoy a full gourmet dinner,
open bar, and lots of unexpected experiences to make the
evening memorable.
All proceeds from the evening will benefit House of
Hope’s Project HOPE (Helping Others Progress through
Empowerment). Through Project Hope, individuals and
families can receive food, access the clothes closet, meet
with case managers to locate needed resources, obtain
financial or housing assistance, and chart a better future House of Hope CEO Rob Ranieri, center, is joined by members of the Pedersen Family Foundation, the Presenting Sponsor
with workforce development and self-improvement for Cirque du Soirée 2024: Cory Pfister, Timothy Pfister, Stephen Pedersen, Kari Pedersen, Kenny Gould, and Jack Waldroup.
FiNaNCial FoCus ®

When Is A Good Time For • Tax-free withdrawals—you put in after-tax dollars to a But even if you were aware of these advantages, you might
not have been able to invest in a Roth IRA for much of your
Roth IRA, so you can withdraw your contributions at any
Roth Conversion? time, free of taxes and penalties. And if you’ve had your life. For one thing, you might have earned too much money— a
account for at least five years and you’re at least 591⁄2, you Roth IRA, unlike a traditional IRA, has income limits. Also, a
By Sally Sima Stahl, can also withdraw your earnings free of taxes. Roth IRA has only been around since 1998, so, in the previous
Edward Jones • No RMDs—With a traditional IRA, you’ll have to years, you were limited to a traditional IRA.
In life, you often get second start taking withdrawals — called required minimum You’ll want to consult with your tax advisor before
chances—and the same is true distributions, or RMDs — when you turn 73, or 75 if you embarking on this conversion—but if it’s appropriate for your
with investing. To illustrate: were born in 1960 or later. But there’s no RMD requirement situation, you could find that owning a Roth IRA can benefit
You might not have been able with a Roth IRA — you can essentially leave the money you and your family for years to come.
to contribute to a Roth IRA intact as long as you like. As you approach retirement, though, you might start thinking
during your working years Timing also comes into play with the financial markets. of just how much you’d like to benefit from a Roth IRA.
due to your income level, but When the market is going through a decline, and the value This article was written by Edward Jones for use by your local
you may get that opportunity of your traditional IRA drops, you could convert the same Edward Jones Financial Advisor, Edward Jones, Member SIPC.
as you near retirement or number of shares of the underlying investments and receive Edward Jones is a licensed insurance producer in all states
even when you are retired— a lower tax bill or convert more shares of these investments and Washington, D.C., through Edward D. Jones & Co., L.P., and
through a Roth conversion. for what would have been the same tax bill. in California, New Mexico and Massachusetts through Edward
And you can do so by converting your traditional IRA • Tax-free legacy for your heirs—When your heirs Jones Insurance Agency of California, L.L.C.; Edward Jones
to a Roth. While this sounds simple, there’s a major caveat: inherit your Roth IRA, they can withdraw the contributions Insurance Agency of New Mexico, L.L.C.; and Edward Jones
taxes. You’ll be taxed on the amount in pre-tax dollars you without paying taxes or penalties, and if the account has Insurance Agency of Massachusetts, L.L.C.
contributed to a traditional IRA and then converted to a Roth been open for at least five years, they can also withdraw Edward Jones, its employees and financial advisors cannot
IRA. (If you have both pre- and after-tax dollars in your earnings tax-free. provide tax advice. You should consult your qualified tax advisor
traditional IRA, the taxable amount is based on the percentage Finally, you could lower your tax bill in any given year regarding your situation.
of pre-tax dollars.) by stretching out your Roth IRA conversions over several Contact us at (561) 748-7600, Sally Sima Stahl, CFP ,
®
Why is a Roth IRA desirable for some people? Here are the years, rather than doing it all at once. AAMS , 1851 W. Indiantown Road, Ste. 106, Jupiter, FL 33458.
™
key benefits:
If you have large amounts in a traditional IRA, the tax bill on
conversion can be significant. The key to potentially lowering
this tax bill is timing. Generally speaking, the lower your income
in a given year, the more favorable it is for you to convert to a
Roth IRA. So, for example, if you have already retired, but have
not started collecting RMDs, your income may be down.

Editorial copy appearing herewith is not necessarily the viewpoint of
Seabreeze Publications of Central Florida. Most editorial copy is created by
the homeowners and is edited by their appointed editor.

1102 W. Indiantown Rd., Suite 5, Jupiter, FL 33458
(561) 746-3244
FAX (561) 746-2509
Seabreeze Publications

Publisher
M. Sean Reid
S. Miller • E. Miller

Sales
Tom English, Laura Berrio, Bret McCormick
www.seabreezepublications.com