By Michael Christodoulou
As we enter the holiday season, your life may well become busier. Still, you might want to take the time to consider some financial moves before we turn the calendar to 2025.
Here are a few suggestions:
Review your investment portfolio. As you look at your portfolio, ask these questions: Has its performance met my expectations this year? Does it still reflect my goals, risk tolerance and time horizon? Do I need to rebalance? You might find that working with a financial professional can help you answer these and other questions you may have about your investments.
Add to your 401(k) and HSA. If you can afford it, and your employer allows it, consider putting more money into your 401(k) before the year ends — including “catch-up” contributions if you’re 50 or older. You might also want to add to your health savings account (HSA) by the tax-filing deadline in April.
Use your FSA dollars. Unlike an HSA, a flexible spending account (FSA) works on a “use-it-or-lose-it” basis, meaning you lose any unspent funds at the end of the year. So, if you still have funds left in your account, try to use them up in 2024. (Employers may grant a 2½ month extension, so check with your human resources area to see if this is the case where you work.)
Contribute to a 529 plan. If you haven’t opened a 529 education savings plan for your children, think about doing so this year. With a 529 plan, your earnings can grow tax deferred, and your withdrawals are federally tax free when used for qualified education expenses — tuition, fees, books and so on. And if you invest in your own state’s 529 plan, you might be able to deduct your contributions from your state income tax or receive a state tax credit.
Build your emergency fund. It’s generally a good idea to keep up to six months’ worth of living expenses in an emergency fund, with the money held in a liquid, low-risk account. Without such a fund in place, you might be forced to dip into your retirement funds to pay for short-term needs, such as a major car or home repair.
Review your estate plans. If you’ve experienced any changes in your family situation this year, such as marriage, remarriage or the birth of a child, you may want to update your estate-planning documents to reflect your new situation. It’s also important to look at the beneficiary designations on your investment accounts, retirement plans, IRAs and insurance policies, as these designations can sometimes even supersede the instructions you’ve left in your will. And if you haven’t started estate planning, there’s no time like the present.
Take your RMDs. If you’re 73 or older, you will likely need to take withdrawals — called required minimum distributions, or RMDs — from some of your retirement accounts, such as your traditional IRA. If you don’t take these withdrawals each year, you could be subject to penalties.
These aren’t the only moves you can make, but they may prove helpful not only for 2024 but in the years to come.
Michael Christodoulou, ChFC®, AAMS®, CRPC®, CRPS® is a Financial Advisor for Edward Jones in Stony Brook, Member SIPC.
This article was written by Edward Jones for use by your local Edward Jones Financial Advisor.
In perfect tandem with the season of giving, Gallery North in Setauket presents Deck the Halls, its annual group exhibition of small original works for the holidays, from Nov. 14 to Dec. 21. The community is invited to an opening reception on Thursday, Nov. 14 from 6 p.m. to 8 pm.
Enjoy artworks by over 50 local and regional artists in a range of media, including painting, printmaking, works on paper, sculpture, glassware, and more.
The exhibition offers an excellent opportunity to support local artists, and features a diverse selection of affordable, exciting, original artworks for everyone on your list.
In addition, Gallery North also features a large assortment of artisan-created jewelry, handmade crafts, and decorations within the Shop at Gallery North, as well as clothing and artist-made greeting cards produced in the Studio at Gallery North. They also offer the gift of an art class or workshop to an aspiring artist, child, or adult.
As a complement to the exhibition, Gallery North will also host a Holiday Gift Bazaar inside the Gallery and the Studio on Saturday, Dec. 14 from 11 a.m. to 6 p.m.
The purpose of the Holiday Gift Bazaar is to provide the community with a way to “buy local” this holiday season instead of shopping in malls and shopping centers.
The Holiday Gift Bazaar will offer an excellent opportunity to support local artists and businesses, complete with warm beverages and treats from LevelUp Kitchen.
Shoppers will find a diverse selection of affordable, exciting, original paintings, prints, photography, ceramics, pottery, woodwork, glassware, artisan created jewelry, handmade crafts, decorations, and clothing — perfect gifts for everyone on your list. ‘Tis the season to shop local!
The Deck the Halls exhibition is generously sponsored by WFC Architects, The Field Family, Suffolk County’s Department of Economic Planning and Development, and Jefferson’s Ferry.
Located at 90 North Country Road in Setauket, Gallery North is open Wednesday through Saturday from 10 a.m. to 5 p.m. and Sunday from noon to 5 p.m. For more information, call 631-751-2676 or visit www.gallerynorth.org.
Celebrate the season with the 40th annual production of A Christmas Carol at Theatre Three, 412 Main St., Port Jefferson from Nov. 9 to Dec. 28. Follow the miser Ebenezer Scrooge on a journey that teaches him the meaning of Christmas — past, present, and future. Tickets are $25 through November; $40 adults, $32 seniors and students, $25 children ages 5 to 12 in December. To order, call 631-928-9100 or visit www.theatrethree.com
A fall drought has driven Suffolk County water demand to record-breaking levels, typically seen only during peak summer months. The Suffolk County Water Authority reports that it pumped approximately 7 billion gallons of water in October, about 1.5 billion gallons more than usual for the month, following one of the driest months of September and October on record.
While SCWA’s system is currently meeting demand, the prolonged high-water usage is complicating routine seasonal shutdowns of certain wells. These wells are typically taken offline in colder months to prevent freeze-related damage, as they lack winterized structures. If they must remain operational into the winter, this could present infrastructure risks and potential costs for repairs.
“This fall surge in water demand is certainly concerning,” said SCWA Chairman Charlie Lefkowitz in a press release. “It isn’t putting immediate strain on the system as a summer drought might, but it does complicate our winter preparations. Demand levels are resembling those seen in late spring and early summer.”
SCWA attributes the higher water usage to increased outdoor irrigation, with customers running sprinklers later into the season to maintain lawns during the dry spell. SCWA has long promoted an odd/even lawn watering schedule as an effective measure for managing demand. Under this schedule, homes with odd-numbered addresses water on odd-numbered days, while even-numbered addresses water on even days.
This conservation measure has successfully reduced strain on SCWA’s systems over the summer and is part of SCWA’s broader strategy to ensure the reliability of Suffolk County’s water infrastructure.
About SCWA:
The Suffolk County Water Authority is an independent public-benefit corporation operating under the authority of the Public Authorities Law of the State of New York. Serving approximately 1.2 million Suffolk County residents, the Authority operates without taxing power on a not-for-profit basis.
By Daniel Dunaief
A male mouse embryo surrounded by a group of female embryos during development in some cases is protected against developmental delays caused by a viral infection of their mother.
That’s one of a host of intriguing observations and findings from a recent set of experiments conducted by postdoctoral researcher Irene Sanchez Martin, who works in the lab of Assistant Professor Lucas Cheadle at Cold Spring Harbor Laboratory.
Sanchez Martin is studying how maternal exposure to viruses triggers immune responses, particularly inflammation, which can contribute to developmental delays characteristic of autism.
In mice as in humans, males are much more susceptible to the onset of the kinds of neurological developmental behaviors that are characteristic of autism than their female counterparts.
“The advantage of our model is that it helps us understand why this happens, providing insights into the underlying mechanisms driving this increased vulnerability in males,” Sanchez Martin explained.
Researchers have been studying viral exposure and developmental disorders for a while. The new element in Sanchez Martin’s research is that she can observe phenotypic changes as early as 24 hours after a pregnant mouse is exposed to a virus, providing a much earlier window into how maternal immune activation affects development.
At an early stage of gestation, when sensory organs, the head, spine and other organs are starting to develop, the male mice demonstrate disruptions in normal development, which affects these structures in different ways. Sanchez Martin hopes these kinds of studies help uncover the pathways through which environmental factors contribute to the development of some cases of autism.
Sanchez Martin’s work is part of a broader effort in Cheadle’s research.
“My lab is interested in understanding how interactions between the nervous system and the immune system shape the development and plasticity of the brain,” Cheadle explained. One goal is to understand how systemic inflammation during prenatal stages leads to heightened risk of autism in offspring.
To be sure, the genetic component suggests that inflammation is not necessary for the development of autism. Nevertheless, exposure to prenatal inflammation can increase autism risk by about three times, making inflammation a likely “key contributor to the development of autism in some, but not all, individuals,” said Cheadle.
Sanchez Martin found that female mice did not develop the same changes as males. She believes this is one of the most valuable applications of the model she’s working on with Cheadle, as it can reveal the biological and developmental differences that contribute to this gender disparity.
Timing
Sanchez Martin studied mice that were exposed to a virus between 12 to 13 days after fertilization, which is similar to the end of the first trimester in a human embryo. Mice develop more rapidly, so the process doesn’t track exactly the same as it would in humans.
About a day after the maternal exposure, some males looked different through ultrasound than they would during typical development. The differences are subtle and it is still too early to assume these changes could serve as a diagnostic marker for autism spectrum disorder.
A host of disruptions could affect the growth of the embryo. The placenta serves as a bridge between the mother and the developing embryo, allowing communication, filtering substances, and protecting the embryo during development. Each mouse embryo has its own placenta and its own amniotic fluid in its amniotic sac, creating a unique microenvironment.
In her lab work, Sanchez Martin is collaborating with Dr. Brian Kalish at Boston Children’s Hospital, who is helping to analyze molecular changes in the placentas of affected and unaffected embryos. Sanchez Martin has data indicating differences between the placentas of affected and healthy individuals, as well as in the amniotic fluid.
“This suggests a dysfunction in the placenta in affected cases” indicating it is not adequately performing its protective and filtering function, she explained.
Female mouse embryos may be more protected in part because of their more active immune response. Other studies have shown that female immune systems, as early as the developmental stage, express higher levels of interferon-stimulated genes and have stronger responses to infections, which may offer better protection than males.
While male mice in some cases benefit from the protection provided by their nearby sisters, Sanchez Martin and Cheadle are “still working to fully understand the underlying mechanism,” she explained.
Epidemiology
By looking at the prevalence of conditions such as autism in the aftermath of larger viral infections, researchers have demonstrated that these illnesses can and do have impacts on the incidence of autism and schizophrenia, among other conditions. It’s not only the pathogen that is responsible, but also the immune response triggered by the infection, as well as the timing of the infection during pregnancy.
Covid, which infected over 100 million Americans, may cause an increase in the number of children born with autism.
“There is precedent from studies of other viral infections during pregnancy, which suggest that maternal immune activation can contribute to altered neurodevelopment in offspring,” Sanchez Martin said. “There is some evidence that male children exposed to SARS-CoV-2 during pregnancy might have a slightly elevated risk of other neurodevelopmental disorders.”
Additional research with longer-term follow up is necessary to confirm these findings. The timing and the immune response during pregnancy could be key factors in determining the outcomes.
Cheadle appreciated the effort and dedication of Sanchez Martin, whom he described as being “bright, talented, motivated and an excellent experimentalist. Her work is among the most important projects in the lab.”
From Madrid to CSHL
Born and raised in Madrid, Spain, Sanchez Martin has been a master of motion. During her final years of her Veterinary Medicine studies at Universidad Alfonso X El Sabio in Madrid, she moved to the University of Helsinki to complete her clinical rotations.
She later earned her PhD at the Centre National de la Recherche Scientifique in Marseille, France and defended her thesis at the Aix- Marseille University. During her PhD, she was a visiting student at Biocenter Oulu in Finland.
Her first job was at Laboklin in Bad Kissingen, Germany, where she worked in a clinical laboratory.
She did her first postdoctoral research in the Microbiology Department at Mount Sinai. During the pandemic, she was involved in studying innate and adaptive immune responses in different in vitro models, focusing on vaccine candidates for Covid-19 and influenza.
A resident of Manhattan, Sanchez Martin has contributed to Cheadle’s lab for two years.
She enjoys listening to classical music, reading, and swimming, which she likes to do several times a week as she has some of her best ideas when she’s in the water.
As for her work, Sanchez Martin appreciates the opportunity to conduct her research as a part of Cheadle’s team that is hoping to identify the molecular mechanisms that contribute to autism in mice.
“It’s an ongoing effort and we hope that with time and collaboration, we can gain more insight,” she explained.
By John Broven
The Jazz Loft at Stony Brook will be presenting an illuminating doubleheader on Friday, Nov. 15.
The main event will be the “Louis Jordan Tribute” starting at 7 p.m. Danny Bacher, also a soprano saxophonist, will be singing many of Jordan’s hits of the 1940s including “Caledonia,” “Choo Choo Ch’Boogie,” “G.I. Jive” and “Let The Good Times Roll,” accompanied by an all-star group of musicians.
In effect, Jordan introduced the small swing combos which took over from the big bands, popularized the saxophone as a lead instrument and made music fun.
Initially, at 6 p.m., music author John Broven of East Setauket will give a presentation entitled “Who Is Louis Jordan?” Included will be a video outlining Jordan’s impactful history, featuring film clips and excerpts from the artist’s key recordings, prepared by Debbi Scott of Stony Brook.
The evening will bring into focus the influential music of Louis Jordan, an all-time American great and Rock and Roll Hall of Famer.
Tickets to the 6 p.m. event are $10 per person. Tickets to the 7 p.m. event are $30 adults, $25 seniors, $20 students, and $15 children ages 6 and up at www.thejazzloft.org.
The Jazz Loft, which features a Louis Jordan exhibit in its museum, is located at 275 Christian Ave., Stony Brook. For more information, call 631-751-1895.
SMM Advertising, a full-service advertising, branding, and lead generation agency in Smithtown, has won three Davey Awards for their website work for Applied Technologies of NY (ATI), a leading manufacturer’s representative in the commercial and industrial boiler industry.
The awards include General-Manufacturing, Silver 2024; Best Home Page, Silver 2024; and Best Visual Appeal — Aesthetic, Gold 2024.
“We’re beyond appreciative of the Davey Awards’ recognition of our work with ATI,” said SMM Managing Director Judy DeBiase. “This large, complex project was a welcome challenge for the agency, and the fact that it has become not only a source of substantial lead generation for ATI, but also an award winner, is very gratifying.”
The website, designed and developed by SMM’s web development team, includes custom and CMS programming, in addition to dynamic product pages. Its launch last year has resulted in better positioning in searches, more user-friendly content, a better experience for ATI’s customer base, and an increase in leads.
The Davey Awards is an international awards program tailored to recognize and honor “small shops” with big ideas and outstanding creative and marketing work.
Brookhaven Town Councilwoman Jane Bonner and Suffolk County Legislator Chad Lennon joined the McDonald’s at 463 Route 25A in Rocky Point for a grand re-opening celebration on Oct. 26. The long-time fast-food restaurant was completely renovated, both inside and out. McDonalds mascot “Grimace” (center) and staff were presented with a Certificate of Congratulations from both local officials.
Join the Cinema Arts Centre, 423 Park Ave., Huntington for a special screening of The Girl Who Wore Freedom on Wednesday, Nov. 13 at 7:30 p.m. The documentary explores the untold stories of the men, women, and children of Normandy, France, who lived through German occupation, the D-Day invasion, and the liberation by Allied forces.
Long forgotten by the world, twenty thousand French civilians were killed during the Battle of Normandy. But those still living in Normandy haven’t forgotten, and continue to celebrate and embrace Americans for their liberation and the ultimate gift of freedom. Exploring D-Day through the personal stories of French survivors and American veterans, The Girl Who Wore Freedom captures the journey from war to forgiveness, and gratitude, honoring the legacy of those who fought for freedom.
Tickets are $16, $10 members. To purchase in advance, visit www.cinemaartscentre.org or click here.