Clinton Township Newsletter

1 8 j a n u a r y 2 0 2 6 W W W . C L I N T O N T W P N E W S L E T T E R . C O M a S e C o n d a C t : F i n a n C i a l b e n e F i t S o F w o r k i n g i n r e t i r e M e n t Retirement for many marks the end of a career and a transition into a work-free life, but that does not mean you have to stop working completely. Many retirees find satisfaction and comfort in transitioning from a main career to a second act that may require less time. If you are on the fence about whether to continue your career, transition to a new full or part-time role or retire completely, you are not alone. Consider the following benefits of working another year or more in retirement. Boost your nest egg. Continuing to earn a paycheck provides more time to save and invest in your future. You can use this extended earning period to make catch-up contributions to your retirement accounts and maximize employer contributions to your 401(k), if applicable. Allowing your investments to continue to grow can strengthen your ability to weather potential market volatility down the road. Additional savings may also give you confidence that you'll have enough money to live the lifestyle you want in retirement. Plan your healthcare strategy. Approaching retirement means planning for how to maintain healthcare insurance coverage while costs for care are on the rise. Working farther into retirement can give you time to figure out your game plan for managing these expenses, while possibly remaining on an employer's health plan. Starting at age 65, you can register for Medicare. Do your research to ensure you understand what expenses are covered by Medicare Parts A and B, and drug insurance (Part D) and consider if you need to purchase supplemental insurance to fill in any coverage gaps. Also, review your long-term care policy, health savings account (HSA) or other designated healthcare funds, so that you know how you can handle potential health expenses. Determining your retirement healthcare strategy while on an employer's healthcare plan can allow time to evaluate which plan is right for you without being underinsured. Maximize Social Security. Retirement income often comes from a complex patchwork of sources, and a key income source for many is Social Security. Working a year or two into or beyond retirement to attain supplemental income can allow you to delay the starting date of Social Security. Each year you delay, your overall benefits from Social Security increase, which can help establish an income cushion for your later retirement years. Keep in mind that Social Security benefits max out at age 70, so working beyond then may not be to your advantage. Working longer gives you time to figure out what's next. Crafting a retirement plan is about more than money. It's also about deciding what activities you'll pursue to make your retirement meaningful. Use the last months or years of your career to plan your next chapter. If you're not ready to leave the workforce, explore your options for part-time or consulting work. Or consider community service, board or advocacy roles you may not have had time for while working a full-time job. Extra time in the workforce can help supplement your savings and grant time to plan for your ideal retirement. Work with your financial advisor and tax professional to determine the right time for you to leave the workforce. Michelle Heide, CFP ® , CRPC ® , BFA, is a Private Wealth Advisor with Gentlestone Wealth, a financial/private wealth advisory practice of Ameriprise Financial Services, LLC, located at 16 Leigh Street in Clinton. She specializes in fee-based financial planning and asset management strategies and has been in practice for 32 years. To contact her, go to: www. GentlestoneWealthampf.com or call 908.713.6600. Certified Financial Planner Board of Standards, Inc. (CFP Board) owns the CFP ® certification mark, the CERTIFIED FINANCIAL PLANNER™ certification mark, and the CFP ® certification mark (with plaque design) logo in the United States, which it authorizes use of by individuals who successfully complete CFP Board's initial and ongoing certification requirements. Investment products are not insured by the FDIC, NCUA or any federal agency, are not deposits or obligations of, or guaranteed by any financial institution, and involve investment risks including possible loss of principal and fluctuation in value. Ameriprise Financial, Inc. and its affiliates do not offer tax or legal advice. Consumers should consult with their tax advisor or attorney regarding their specific situation. Ameriprise Financial cannot guarantee future financial results. Securities offered by Ameriprise Financial Services, LLC. Member FINRA and SIPC. © 2025 Ameriprise Financial, Inc. All rights reserved. File #AMP7265650.1- (Approved until 01/31/2027) The Confident Retirement approach is not indicative nor a guarantee of future financial results. Securities offered by Ameriprise Financial Services, LLC. Member FINRA and SIPC. © 2025 Ameriprise Financial, Inc. All rights reserved. 16 Leigh St, Units 1b & 1c, Clinton, NJ 08809 gentlestonewealth@ampf.com gentlestonewealthampf.com Call us today to get started 908.713.6600 Gentlestone Wealth A private wealth advisory practice of Ameriprise Financial Services, LLC What matters most to you in life? It's a big question. But it's just one of many questions we'll ask to better understand you, your goals and your dreams using our Confident Retirement ® approach. All to help you live more confidently – today and in the future. Art is one of the most powerful forces on earth. It can change how we see ourselves and each other, and it can change how we see the world. Art has the power to inspire, to challenge, to heal, and to create new ways of thinking about ourselves and our world. Art is a language that everyone speaks—whether you're an artist or not. And we believe art is for everyone. Exhibitions on View Beginning January 25: n Paul Deery – Bach in Color: The Goldberg Variations www.hunterdonartmuseum.org/exhibitions/paul-deery n Semiquincentennial Exhibition: Contemporary Artists Respond: www.hunterdonartmuseum.org/exhibitions/semiquincentennial- exhibition-contemporary-artists-respond/ Beginning on May 17: 2026 Claybash Exhibition Call for Entries (entries must be received by February 9, 2026) www.hunterdonartmuseum. org/exhibitions/2026-claybash-exhibition-call-for-entries/ January Workshops: n Silkscreen Monotypes with exhibiting artist Sheila Goloborotko: www.hunterdonartmuseum.org/events/silkscreen-monotypes-with- exhibiting-artist-sheila-goloborotko n Drawing 101 Workshop w/Lena Shiffman: www.hunterdonartmuseum. org/events/drawing-101-workshop-2. January Classes n Winter Open Studio for Adults (January 17, 24, 31) www. hunterdonartmuseum.org/classes/winter-open-studio-for-adults/ Winter Teen Open Studio (FREE). (9 Mondays: 1/12-3/23. No studio on 1/19 & 2/16). www.hunterdonartmuseum.org/classes/winter-teen- open-studio-free/. Gallery Hours: Tues- Sun, 11:00 am-5:00 pm | Office Hours: Tues-Fri, 9:00 am-5:00 pm Admission: $7 per person, Members Free, NARM Members Free Seniors/Military/Students: $5 | Children 12 and under FREE! Lives are saved every day by blood donors in our community. Giving blood is the most generous act of kindness that one human being can do for another. When you give blood, you save lives. You never know when you may need blood, or when someone you love may need it. Donating regularly can help ensure that our community is never short on blood. Can I donate blood? to be eligible to donate blood, a person must be at least 17 years of age, be in good health, weigh at least 110 pounds, have not donated in the past eight weeks, and is not currently taking antibiotics or insulin (only if of a "bovine" nature). Please note: Our 17-year-old donors must weigh at least 130 pounds. Call: 908.788.6405 to schedule an appointment. Find out more at: www.HunterdonHealth.org/ services/laboratory-services/blood-donor- services. g i v e b l o o d t o d a Y a t H u n t e r d o n H e a l t H

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