Town Topics Newspaper August 19, 2020

Page 25

It has become a summer tradition for Princeton High boys’ soccer alums to meet up when they are back in town for some spirited pickup games and camaraderie. “Over the summer whenever we are home, we will always get together and have a couple of beers and kick around,” said former PHS soccer standout Chase Ealy ’15. “We hang out and get to see each other again.” But with the COVID-19 limiting field availability, Ealy and his buddies decided to enter a team in the Mercer County Amateur Master Soccer League (MCAMSL). “We were having a really hard time finding somewhere to play casually so we said ‘you know what, this league already exists, why don’t we see if we can play in the league,’” said Ealy of the league which plays at Mercer County Park. “A bunch of Princeton boys have always played in the league on other teams but this year I said we have enough guys that we could have a Princeton team. As we reached out to people, they were saying yes.” For ming a squad, t he Princeton Wanderers, the PHS alums got a spot in the MCAMSL men’s Open Division which featured teams from West Windsor-Plainsboro, Lawrence, Bordentown, and Florence as well as sides called Barcelona FC and the Young Guns including players from a mix of schools.

25 • TOWN TOPICS, PRINCETON, N.J., WEdNESday, auguST 19, 2020

Looking for Outlet to Play in COVID-19 Summer, PHS Soccer Alums Enter Team in Mercer League

“We know these guys from falling 2-0 to Bordentown our high school days and our in the quarterfinals in their college days,” said Ealy, the debut campaign, Ealy is manager of the Wanderers. hoping that the squad will “It is always fun, the mental- be an annual fixture in the ity is right.” MCAMSL. After playing against the “We would love to keep Young Guns on August 3, playing on the league,” said Ealy was all smiles even Ealy, who played college t h o u g h t h e Wa n d e r e r s soccer at Rider and Monttrailed 2-0 before the game clair State. was postponed at halftime “One of the things that due to thunderstorms. made me really happy about “It is great to be out here, this team is the young guys it is competitive,” said Ealy, who are getting out here this a defender/midfielder. “We year like Seb Ratzan and want to compete out here Atticus Lynch. As guys get and we want to win games older and we can’t make it but ultimately we are out one year, we can tell Seb, here to enjoy each other’s you are in charge of the company again and play Wanderers this year. It is a ball. Even when it is com- nice thing we can pass on.” petitive in there, we are still In Ealy’s view, though, the having a couple of laughs.” nicest thing about joining With a roster including the league was the chance to such former PHS standouts reconnect with former PHS as Gustavo Vega, Lido Guz- teammates. man, A xel Galeano, Seb “After this we will get toRatzan, Alex Ratzan, Alec gether and we will have some Korsah, Atticus Lynch, Rue- food; it is that really great ben Morales, Nick Kapp, atmosphere again that a lot Kyle Brady, Henry Dobbs- of the guys miss,” said Ealy. Allsopp, and current Tiger “You have that bond at star Nick Petruso, the squad PHS. All of us are good has a comfort level on the soccer players. We have pitch. Qualified Retirement Plans and Accounts played everywhere in many “We know what to expect different places all over the Qualified retirement accounts include 401(k) and other employer spons of each other because we world but I have never had plans and Individual Retirement Accounts (IRA’s). Typically, contribution all played together,” said as much fun playing soccer to income tax when made, the account grows tax deferred (without tax) Ealy. as I did at PHS. I think a lot “But I know if I get tired of these guys would agree. in retirement (after age 59.5) are subject to ordinary income tax. Other q I can tell whoever to come That bond and that culture accounts include Simplified Employee Pension Plans (SEP); Savings Inc on the field for me. That is is something you want back. Plans (SIMPLE); and Defined Benefit Pension plans. the real nature of this league You want to play with these and we are all enjoying it.” guys again. That is what makes this special.” With the Wanderers end- Retirement Qualified Plans and Accounts Plan HANDS-ON EXPERIENCE: Chase SEP Ealy, left, battles a foeSIMPLE during recent action in401(k) the Mercer ing up going 2-3-1 in regu—Billinclude Alden 401(k) Qualified retirement accounts and other employer sponsored retirement May Master Be Best Soccer for: Businesses Businesses seeking Self-employed and at Mercer County Amateur League (MCAMSL) County Park. Former Princetonseeking lar season action and then plans and Individual Retirement Accounts (IRA’s). Typically, contributions are anot subject High boys’ soccer star Ealy helped organize team of PHS Princeton Wanderers, to salar plan flexibility, analums, easy tothe administer small, closely held play in the summer. (Photo by Frank Wojciechowski) to income tax when made, the account grows tax MCAMSL deferredthis (without tax), and looking distributions deferrals and match plan that permits businesses for

Financial Planning For

Retirement Plans

Financial Planning Forum

Retirement Plans

Financial Planning Forum

salary deferrals a simple plan retirement in retirement (after age 59.5) are subject to ordinary income tax. Other qualified accounts include Simplified Employee Pension Plans (SEP); Savings Incentive Matching Plans (SIMPLE); and Defined Benefit Pension plans.

Retirement Plans

contributions

Financial Planning Forum

Is It Better to Save in a Qualified Retirement Account?

Plan

May Be Best for:

SEP Self-employed and small, closely held businesses looking for a simple plan

The conventional wisdom is yes,Benefit but the SIMPLE 401(k)Plans and Defined Qualified Retirement Accounts

common rationale is often base

assumptions. For instance, theother ending after-tax value in a 401(k) or IRA Qualified retirementBusinesses accounts include 401(k)Businesses and employer sponsored retirement looking seeking Businesses seeking andcompared Individual Retirement (IRA’s). contributions areaccount not subjectinvested in b to makeTypically, large plan flexibility, salary an easyplans to administer to the Accounts after-tax value of a non-qualified to permits income tax whendeferrals made, the grows tax deferred contributions on (without tax), and distributions andaccount matching plan that However, accounts are often in stocks and long-term in retirement (after contributions age retirement 59.5) are subject to ordinary tax.invested Other qualified retirement behalf of income the owner salary deferrals accounts is include Simplified Employee Plans (SEP); Savings Incentive Matching subject to lower tax Pension rates than bonds or cash (capital gains versus or Plans (SIMPLE); Defined plans. a qualified retirement account (e.g., a rates).and Even so,Benefit whenPension comparing

Readers’ Choice Award Winner

Best Financial Advisor/Planner

Is It Better to Save in a Qualified Retirement Account?account invested in stocks, in most cases, the after-tax va non-qualified Plan SEP SIMPLE 401(k) Defined Benefit The conventional wisdom is yes, but the common rationale often based on unrealisticBusinesses seeking May Be Best for: will IRA beis higher. Businesses looking Businesses seeking Self-employed and

to make large plan flexibility, salary to administer closely held assumptions. For instance, the ending after-tax value insmall, a 401(k) or IRAaniseasy usually deferrals and matching contributions on plan that permits businesses looking for compared to the after-tax value of a non-qualified account invested in bonds or cash. behalf of the owner contributions a simple planGuidesalary Reference fordeferrals 401(k) Plans However, retirement accounts are often invested in stocks and long-term stock appreciation 401(k) plans can be established to allow for pre-tax contributions, afteris subject to lower tax rates than bonds orIscash (capital gains ordinary income tax It Better to Save in aversus Qualified Retirement Account? safe harbor matching contributions, additional discretionary profit s rates). Even so, when comparing a qualified (e.g., 401(k) or rationale IRA) toand a often The retirement conventional account wisdom is yes, butathe common is based on unrealistic financial advisor andafter-tax Third Party Administrator (TPA) can work with th For instance, the ending value in aor 401(k) or IRA is usually non-qualified account invested in stocks, assumptions. in most Acases, the after-tax value of a 401(k) compareddevelop to the after-tax valuethat of a best non-qualified account invested in bondsand or cash. a plan fits the employer’s goals budget. Well des IRA will be higher.

Reference Guide for 401(k) Plans

However, retirement accounts are often invested in stocks and long-term stock appreciation help owners and key personnel maximize retirement contributions as we is subject to lower tax rates than bonds or cash (capital gains versus ordinary income tax retain talented employees. Employer contributions rates). Even so, when comparing a qualified retirement account (e.g., a 401(k)to or the IRA) plan to a and any o non-qualified account invested in stocks, in most cases, the after-tax value of a 401(k) or for pre-tax contributions, after-tax Roth contributions, deductible business expenses. IRA will be higher.

401(k) plans can be established to allow safe harbor matching contributions, and additional discretionary profit sharing contributions. With acan 45-year history in employer the Princeton A financial advisor and Third Party Administrator (TPA) work with the to area, Petrone Associates offers though Reference Guide for 401(k) Plans insurance and retirement planning services toafter-tax individuals and businesses. We develop a plan that best fits the employer’s goals and Well designed planscontributions, can 401(k) plans canbudget. be established to allow for pre-tax Roth contributions, Thank you for your continued confidence in us. of our clients to help them reach their financial goals. harbor matching contributions, and as additional profit sharing contributions. help owners and key personnel maximizesafe retirement contributions as well attractdiscretionary and A financial advisor and Third Party Administrator (TPA) can work with the employer to retain talented employees. Employer contributions to the plan and any other costs are develop a plan that best fits the employer’s goals and budget. Well designed plans can deductible business expenses. help owners and key personnel maximize retirement contributions as well as attract and retain talented employees. Employer contributions to the plan and any other costs are

With a 45-year history in the Princeton area, Petrone Associates offers thoughtful wealth management, deductible business expenses. insurance retirement planning services GETTING HIS KICKS: Gustavo Vega boots the ball up theand field in a game earlier this to individuals and businesses. We work closely with each With a 45-year history in the Princeton area, Petrone Associates offers thoughtful wealth management, of our clients to help them Soccer reach their financial goals. month for the Princeton Wanderers in the Mercer County Amateur Master League

(MCAMSL) at Mercer County Park. Princeton High boys’ soccer alum Vega helped the squad go 2-3-1 in regular season action before falling 2-0 to Bordentown in the league quarterfinals. (Photo by Frank Wojciechowski)

JUNCTION BARBER SHOP

Petrone Associates, Inc. 33 Princeton-Hightstown Rd 2 Research Way,Ellsworth’s Princeton, NJ Center 0 8 6petroneassociates.com 90 (Near Train Station)

insurance and retirement planning services to individuals and businesses. We work closely with each of our clients to help them reach their financial goals.

Petrone Associates, Inc. 2 Research Way, Princeton, NJ petroneassociates.com Michael G. Petrone

Andrew E. Petrone Michael G. Petrone

Michael G CFP®, J.D

609 Andrew E. Petrone

CFP®, Park Financial Advisor J.D.* Avenue Securities Securities products/services advisory services are offered through LLC (PAS), a registe CFP®,and Financial Advisor J.D.* advisor. Financial Representative, The Guardian Life Insurance Company of America, New York, NY (Guardian). P subsidiary of Guardian. Petrone Associates, Inc. is not an affiliate or subsidiary of PAS or Guardian. PAS is a mem Petrone Associates, Inc. Material is meant 2 Research Way,discussed Princeton, NJ for general informational purposes only and is not to be construed as tax, legal, or inve agents, and employees do not provide tax, legal, or accounting advice. Consult your tax, legal, or accounting profes petroneassociates.com 2019-73179 Exp 01/21 *Not practicing law for Petrone Associates, Guardian or its subsidiaries or affiliates.

609.452.9292 609.452.9292

1181 Hughes Drive, Hamilton NJ This award is not issuedand or endorsed by Guardian its subsidiaries. Securities products/services advisory services are offeredor through Park Avenue Securities LLC (PAS), a registered broker/dealer and investment advisor. Financial Representative,and The Guardian Insurance Company America, New NY (Guardian). PAS is an(PAS), indirect awholly owned broker/ Securities products/services advisoryLife services are offeredofthrough ParkYork, Avenue Securities LLC registered 609-584-6930 subsidiary Guardian. Petrone Associates, Inc. is not an affiliatebroker/dealer or subsidiary of PAS Guardian. PAS isCompany a member FINRA, SIPC. New York, NY Securities products/services and advisory services are offered through Park Avenue Securities LLC (PAS), a registered andorLife investment dealer andof investment advisor. Financial Representative, The Guardian Insurance of America, w w w. g r e e n h a v e n g a r d e n c e n t e r . c o m Material discussed is meant for general informational purposes only and is not to be construed as tax, legal, or investment advice. Guardian, its subsidiaries, (Guardian). PAS is an indirect owned subsidiary of Guardian. Petrone Associates, Inc. is not an affiliate or subsidiary of advisor. Financial Representative, The Guardian Life Insurance Company of America, New York,wholly NY (Guardian). PAS is an indirect wholly owned agents, and employees do not provide tax, legal, or accounting advice. Consult your tax, legal, or accounting professional regarding your individual situation. c t h o m a s @ g r e e n h a v e n g a r d e n c e n t e r . subsidiary c o m of Guardian. Petrone Associates, Inc. is not an affiliate PAS or Guardian. PAS a member FINRA, SIPC. Material discussed is meantorfor general informational purposes only and is or subsidiary PAS orisGuardian. PAS is a member FINRA, SIPC. 2019-73179 Expof01/21 *Not practicing law for Petrone Associates, Guardian or its subsidiaries affiliates.

799-8554

Tues-Fri: 10am-6pm; Sat 8:30am-3:30pm

not to is benot construed as tax, legal, or legal, investment advice. Guardian, its subsidiaries, agents, and employees do not provide tax, Material discussed is meant for general informational purposes only and to be construed as tax, or investment advice. Guardian, its subsidiaries, legal,Consult or accounting advice. your tax, legal, or accounting regarding your individual situation. agents, and employees do not provide tax, legal, or accounting advice. your tax, legal,Consult or accounting professional regarding professional your individual situation. 2019-87873 Exp 10/20 *Not practicing law for Petrone Associates, Guardian or its subsidiaries or affiliates. 2019-73179 Exp 01/21 *Not practicing law for Petrone Associates, Guardian or its subsidiaries or affiliates.


Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.