Page 3 - The Shores of Jupiter - February '25
P. 3
The Shores, Page 3
Financial Focus ® Bill’s Box from page 1
What Should You Know About prior December 31 by a life expectancy factor published Speaking Of Our HOA Board Of Directors
RMDS? by the IRS. Your financial professional should be able to Our little village is a standout among developments in
perform this calculation for you.
Jupiter, and at the lowest annual homeowner’s fees of all.
• If I have multiple accounts, do I have to take an RMD Our grounds, infrastructure, home upkeep, appearance,
By Sally Sima Stahl from each one? If you are taking RMDs from a traditional and ACC compliance makes The Shores desirable, and
You may spend many IRA, you must calculate each RMD individually, but our property values are preserved. All this is due to
decades contributing to you can take the total amount from one or more IRAs. If outstanding HOA board members and their keen judgment
your IRA and 401(k), but you’re taking RMDs from a 401(k) or similar plan, you and management. Credit also goes to RealTime Property
eventually you will likely must take the RMD from each of your accounts. Management for its close attention to The Shores affairs
need to take the money out • How are RMDs taxed? You are typically taxed at your and compliance with our requirements. Their appointment
— in fact, you must take the income tax rate on the amount of the withdrawn RMD. of Alexa Schuck as our Property Manager was a blessing.
money out or face penalties. You may be able to avoid taxes in a particular year if you Congratulations to her are in order for the recent birth of
What should you know transfer your RMDs to a qualified charity in what’s known a brand-new baby.
about these mandatory as a qualified charitable distribution. Shores History
withdrawals? • If I inherit an IRA or 401(k), am I subject to RMDs? A number of homeowners have expressed interest in
Here are some of the Yes. When you take RMDs from an inherited account, the history of our community. Mostly, the interest is by
basics: you generally must withdraw all the funds within 10 owners who were not around at the beginning. There are a
• What are they called? Mandatory withdrawals are years, as opposed to over your lifetime, which is the RMD few of us Oldtimers who bought lots and built homes back
technically called required minimum distributions, or RMDs. window that applies to your own accounts. The rules are in 1987. For instance, Dave Whelihan, Mike Stevens and
• When must I take RMDs? If you were born before somewhat different if you inherit an IRA or 401(k) from I come to mind. Dawn and I bought our lot and built our
1951, you’ve probably already begun taking RMDs. If your spouse. In any case, though, you’ll want to consult home in 1988. Both Dave and Mike were already here,
you were born between 1951 and 1959, your RMD age with your tax advisor about how to take RMDs from an having stood in line early in the morning when lots went
is 73. And if you were born in 1960 or later, your RMD inherited account. on sale. A few other current residents were buyers that
age is 75. You can postpone accepting your first RMD If you’re already subject to RMDs, be sure you’ve far back, but not many. I have committed to put together
until April 1 of the year after you reach your RMD age, taken them before the year ends. And if you haven’t yet a brief history for our homeowners and have started
but this will result in two RMDs for the year. After you started taking RMDs, learn as much as you can about putting together a list of sources for factual information.
take your first RMD, you must take subsequent ones by them — because the more you know, the more likely Whelihan and I have talked about this. He will be a great
December 31 of each year. you’ll make the right moves at the right time. source as he was a prominent realtor within The Shores
• What penalties will be assessed if I don’t take all This article was written by Edward Jones for use by early on. The development site was within Palm Beach
my RMDs? For every dollar not withdrawn, the IRS will your local Edward Jones Financial Advisor, Edward County at the beginning. Later it was annexed to Jupiter.
charge a 25 percent penalty, but this can drop to 10 percent Jones, Member SIPC. I could go on now with lots of information on how The
if you subsequently withdraw the correct amount within Edward Jones is a licensed insurance producer in Shores evolved to date. But a story must contain suspense.
two years. all states and Washington, D.C., through Edward D. Soon, I will have talked to Jupiter and County staff who
• Which accounts have RMDs? RMDs apply to traditional Jones & Co., L.P., and in California, New Mexico and can provide some specific details on the nature of the site
IRAs, as well as other types of IRAs, including SIMPLE Massachusetts through Edward Jones Insurance Agency of our development before it was converted into a choice
and SEP IRAs. RMDs don’t apply to Roth IRAs. RMDs of California, L.L.C.; Edward Jones Insurance Agency of spot for our special village. Stand by.
also apply to traditional 401(k)s, but not Roth 401(k)s. New Mexico, L.L.C.; and Edward Jones Insurance Agency
• Can I withdraw more than the RMD for any given of Massachusetts, L.L.C.
year? Yes, you are free to take out as much as you want. Edward Jones, its employees and financial advisors
However, if you take out more than the RMD for one year, cannot provide tax advice. You should consult your
you can’t apply the excess to the RMD for the next year. qualified tax advisor regarding your situation.
• How are RMDs calculated? Typically, your RMDs Contact us at (561) 748-7600, Sally Sima Stahl, CFP ,
®
are determined by dividing your account balance from the AAMS , 1851 W. Indiantown Road, Ste. 106, Jupiter, FL 33458.
™
HIGHEST PRICES PAID!
DIAMONDS
.
.
.
.
DIAMOND & ESTATE JEWELRY WATCHES ANTIQUES ART OBJECTS OIL PAINTINGS
GIVE BRUCE KODNER GALLERIES THE OPPORTUNITY TO EXCEED YOUR EXPECTATIONS!
.
.
.
GOLD & SILVER COINS PAPER CURRENCY 14kt 18kt 22kt GOLD
IMMEDIATE PAYMENT - HIGHEST PRICES PAID 3rd Generation Expertise . Call Today
.
.
.
DIAMONDS SAPPHIRES RUBIES EMERALDS
ROLEX WATCHES HIGHEST PRICES PAID
new text
Rolex • Cartier • Patek Phillippe • Tiffany • Bvlgari Wrist Watches & Pocket Watches
Harry Winston • David Yurman • Chimento • Buccellati • David Webb • Van Cleef & Arpels
Mid-Century 1950’s - 1980’s Furniture • Paul Evans • Phillip Laverne • Nakashima • Dunbar
MID-CENTURY FURNITURE & ACCESSORIES MID-CENTURY FURNITURE & ACCESSORIES
ARE AT ALL TIME RECORD HIGHS! Picasso Works of Art & Ceramics ARE AT ALL TIME RECORD HIGHS!
.
.
.
DIAMOND JEWELRY Calder Miro LePho Beanie Backus & All Highwayman Paintings
.
STERLING SILVER ANTIQUE FURNITURE TAPESTRIES MOSAICS CLOCKS ORIENTAL RUGS CHANDELIERS SCONCES
.
.
.
.
.
.
.
FLATWARE & TEA SETS TIFFANY GALLE DAUM NANCY LAMPS & ART GLASS ORIENTAL FURNITURE JADE CORAL SILVER & PAINTINGS
.
.
.
.
.
.
.
.
GORHAM MARTELLÈ GEORGE JENSEN TIFFANY CARTIER AMERICAN . EUROPEAN & MODERN OIL PAINTINGS KPM MEISSEN SÈVRES . ROYAL VIENNA TEPLITZ
.
.
.
.
.
.
.
BRONZE & MARBLE STATUARY PIANOS BIRD BOXES
BUCCELLATI CHRISTOFLE KIRK STEIFF WALLACE REED & BARTON Estate Jewelry Gold Coins Oil Paintings Sterling Silver
Diamonds
Watches
.
INTERNATIONAL & ALL EUROPEAN AND SOUTH AMERICAN STERLING SILVER RUSSIAN ENAMEL OIL PAINTINGS AND OBJECTS D’ART MID-CENTURY FURNITURE & ACCESSORIES
ARE AT ALL TIME RECORD HIGHS!
.
.
.
.
LALIQUE BACCARAT DAUM STEUBEN WATERFORD AMERICAN POTTERY . GEORGE ORR . ROOKWOOD . ROSEVILLE
GOLD COINS PREMIUM PRICES FOR . KPM • SEVRES • MEISSEN AMERICAN & EUROPEAN PAINTINGS
.
Sterling Silver
.
.
.
.
LOUIS VUITTON BIRKEN CHANEL HERMES LIEBER GUCCI ERTE BRONZES & LITHOGRAPHS FREDERICK HART SAME DAY SERVICE CALL TODAY!
Gold Coins
ry
STERLING SILVER
MICRO MOSAICS
.
.
.
.
LLADRO COPENHAGEN ROYAL DOULTON . HUMMELS
HANDBAGS CLOTHING JEWELRY & SHOES ROYAL VIENNA • ANTIQUE IVORY HOUSE CALLS AVAILABLE
FLATWARE & TEA SETS JUDAICA • SWARVOSKI BRONZE & MARBLE STATUARY
GORHAM MARTELLE TIFFANY • DAUM • GALLE RUSSIAN ENAMEL
GEORG JENSEN • CARTIER ROYAL DOULTON • ROOKWOOD ORIENTAL RUGS • CHANDELIERS
WATERFORD • FINE CHINA DISHES B & G • WELLER • LLADRO ORIENTAL FURNITURE
LALIQUE • STEUBEN • LIBBEY COPENHAGEN • HUMMELS ORIENTAL HARDSTONES
We come to you With payment on the same day
HAWKES • METTLACH, DESIGNER ANTIQUE FURNITURE • TAPESTRIES OBJECTS D’ART • PIANOS
OIL PAINTINGS HANDBAGS • BIRD & MUSIC BOXES ANTIQUE CLOCKS • ART GLASS ERTE BRONZES & LITHOGRAPHS
3rd GENERATION EXPERTISE Jupiter/PB Gardens (561) 585-9999 Appraisals
ANTIQUE OIL PAINTINGS
AS SEEN
Gemologist On Premises Upon Request
Toll Free (800) 356-3637
BUYING RESIDENTIAL & COMMERCIAL REAL ESTATE • AUTOMOBILES SAME DAY
BKG antique Mall
Over 100 Dealers ON TV SERVICE
Next Door To Gallery
BRUCE KODNER GALLERIES CALL TODAY!
24 Hours On Call (800) 920-0067
561-533-7707
STERLING SILVER