Page 14 - Jupiter Spotlight - March '25

Page 14, Jupiter Spotlight
Financial Focus ®

Key Decisions For Retired 75 if you were born in 1960 or later, you will have to take • Have you finished your estate plans? If not, now is the
time. You’ll want to work with your legal professional to
certain amounts, based on your age and account balance,
Couples from your traditional IRA and traditional 401(k) each year.) create whatever documents are needed – a will, living trust,
• When should you take Social Security? The answer to this power of attorney – to help ensure your assets go where
By Sally Sima Stahl, question depends on many factors, such as your age and other you want them to go, and that your financial and health
Edward Jones sources of income. You can take Social Security as early as care choices will be protected if you become physically or
Once you and your age 62, but your monthly payments will typically be bigger mentally incapacitated.
spouse retire, you’ll have if you wait until your full retirement age, which will be age Of course, many of these same issues will apply if you
some decisions to make – 67 if you were born in 1960 or later. And if you can afford to are single, divorced or widowed. But if you are married, you
decisions that could affect wait even longer, your payments will “max out” when you and your spouse will want to discuss all your choices and
your quality of life in your reach age 70. Your decision on when to take Social Security then decide which steps to take. Once you’ve got your plans
retirement years. What are can affect your spouse – and vice versa. If the lower-earning in place, you may well find that you can fully enjoy your
these choices? spouse claims Social Security before their full retirement retirement years.
Here a few of the most age – again, age 67 – their own retirement benefit and any This article was written by Edward Jones for use by
important ones: potential spousal benefit will be reduced. (Spousal benefits your local Edward Jones Financial Advisor, Edward Jones,
• How much should you are given to the lower-earning spouse if their full retirement Member SIPC.
withdraw from your retirement accounts? By the time you benefit is less than half the other spouse’s full retirement Edward Jones is a licensed insurance producer in all states
retire, you may have contributed for decades to an IRA and benefit.) and Washington, D.C., through Edward D. Jones & Co., L.P.,
a 401(k) or similar employer-sponsored retirement plan. • Should you downsize? If you live in a big home and your and in California, New Mexico and Massachusetts through
But once you retire, you’ll probably need to draw on these children are grown, you may find it economical to downsize. Edward Jones Insurance Agency of California, L.L.C.;
accounts to help pay your living expenses. Consequently, Of course, this is also an emotional decision, but you may Edward Jones Insurance Agency of New Mexico, L.L.C.; and
both of you will need to be sure that you don’t withdraw find that you can save money by moving into a smaller home. Edward Jones Insurance Agency of Massachusetts, L.L.C.
so much each year that you risk running out of money later • Where should you live? Some states are far more Edward Jones, its employees and financial advisors cannot
in your retirement. One common guideline is to aim for an expensive to live in than others. You’ll want to weigh your provide tax advice. You should consult your qualified tax
annual withdrawal rate of 4 percent, but everyone’s situation decision carefully, considering the cost of housing, food, advisor regarding your situation.
is different based on age, pre-retirement income, lifestyle, income and real estate taxes, transportation and health care Contact us at (561) 748-7600, Sally Sima Stahl, CFP ,
®
health, travel plans and other factors. (Once you turn 73, or in whatever state you choose. AAMS™, 1851 W. Indiantown Road, Ste. 106, Jupiter, FL 33458.
Smart But Scattered Adolescent Workshop

By Jim Forgan, Ph.D., is limited to 12 students. We use classroom instruction skills can handle uncertainty and stressful situations with
Licensed School combined with games, scenarios, and videos to illustrate more resilience. By understanding and supporting the
Psychologist points and practice skills. Students receive written handouts development of these skills, your student can improve their
A parent described her to keep which summarize the new skills. ability to navigate the complexities of adolescence and
son to me, “Sam is struggling Developing executive functioning skills is an ongoing prepare for greater independence as they grow into adulthood.
with school and his grades. process in adolescence, and teens often need instruction to Join us so your student can learn these important skills for
This year in sixth grade he is improve these areas. Weak executive functioning skills can success.
struggling with the workload, impact academic performance, relationships, and overall Call (561) 625-4125 if you would like to sign up or if you
executive functioning, and well-being, so interventions like workshops and coaching need school neuropsychological testing for dyslexia, ADHD,
expectations of the grade. can be helpful if your teen struggles in these areas. autism, or to give you understanding and answers about your
The demands are more. I Adolescents face academic pressures, social dynamics, child. Learn more at www.JimForgan.com/executive.
constantly have to stay on and life changes. Teens with strong executive functioning
top of him or he’d be failing.” This mom was describing her
son’s executive functioning weaknesses. He was smart but
scattered. Executive functioning skills are crucial for success
in school, social settings, and everyday life.
This month I am offering an in-person one-day executive
functioning course for students in grades six through nine.
Your student can join us fun, interactive activities to learn
executive functioning skills related to organization, planning,
time management, memory, and attention. The group size

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