Fairfield, CT April 2024

photos courtesy of Moss Design

CLASSIC GREENFIELD HILL COLONIAL

111 Joan Drive, Fairfield, Connecticut

With a wonderful Greenfield Hill location, this very spacious 3220 square foot, four Bedroom, two and one-half Bath Colonial is beautifully situated on a private 1.01 acre property.Special features include Living Room with fireplace, an expansive Family Room, Kitchen with Dining Area and adjacent Deck opening onto a glorious Sun Room, and a very spacious Primary Bedroom. Within easy access of all Fairfield amenities; enjoy the convenience of great dining, shopping, beaches, excellent educational and cultural venues, and train service to and from New York City!

Offered at $1,095,000

April 2024 Publisher's Letter

Investment, by definition, is the act of devoting time, effort, energy, or finances to a particular undertaking with the expectation of a worthwhile result. We can invest in a lot of things, such as our community, our relationships, our finances, and our health, with the hope that the effort will have a positive impact. We can invest in our community by supporting our local businesses, schools, and local organizations. We can serve the community through volunteerism and investment in future generations. On a larger scale, we can participate in public surveys and stay educated and involved with future town planning. Investing in our finances helps create wealth, meets long-term financial goals, and secures our retirement. On a personal level, we can invest in our families and enrich relationships by giving time and effort to the people in our lives that mean the most to us. This type of investment has the most meaningful impact not only on ourselves but on the people closest to us.

For me, my family is the investment I'm most proud of, and it has given me my life's greatest return on investment!

While investing in ourselves, relationships, community, and finances can look very different from person to person, the effort we put into these areas of our lives is made with the common goal of having a positive impact that yields results. In this issue, we wanted to share some of the ways that we can invest in our community, our finances, and with those that we love. In this issue, we feature On The Harbor and the best places to invest in your home; Rollerri & Sheppard's Ryan Sheppard educates us on commonly overlooked tax credits, and Adam J Lewis Academy highlights investing in the community.

BRUCE BERNSTEIN, PUBLISHER @FAIRFIELDLIFESTYLEMAGAZINE

April 2024

PUBLISHER

Bruce Bernstein | bruce.bernstein@citylifestyle.com

EDITOR

Samantha Beranbom

samantha.beranbom@citylifestyle.com

ACCOUNT MANAGER

Pam Antonacchio | pam.antonacchio@citylifestyle.com

Heidi Curran Photography, Michele Tereso Photography

Corporate Team

In Fairfield County

I n v e n t o r y o f h o m e s f o r s a l e i s l o w .

B u y e r I n t e r e s t i s H I G H !

W i t h l i m i t e d s u p p l y a n d s t r o n g d e m a n d , n o w i s t h e i d e a l t i m e t o c o n s i d e r l i s t i n g y o u r p r o p e r t y .

C h o o s e a r e a l e s t a t e p a r t n e r w i t h c o n f i d e n c e a n d

s e e w h y w e c o n t i n u a l l y r a n k h i g h e r t h a n t h e t o p

1 % i n F a i r f i e l d a n d S t a t e y e a r a f t e r y e a r .

Let’s connect:

(203) 258-9912 | jackiedavisteam.com

city scene

WHERE NEIGHBORS CAN SEE AND BE SEEN

Fresh Flower Bar Galentine’s Day Flower Arranging Class 1: Melissa Byczek and Alex Thompson 2: Susan Mao, Julia Dzafic, Alex Thompson, Sarah O’Brien, Eva Amurri, Li-er Fradella, Melissa Byczek 3: Eva Amurri 4: Susan Mao 5: Li-er Fradella 6: Laney Carroll 7: Julia Dzafic

Photography by Dariusz Terepka Photography

Elicit’s Sneak Peek Charity Event Benefiting Operation Hope with ConnectFairfleld 8: Chris and Karl Linford 9: Adrianna Smith, Louise Vivona, Dina Kalagher, Krysten Golier and Millie DeVito Pollack 10: Cooper Bergeron 11: Jeff Galdenzi, Danielle Gorski, Lori Burns Galdenzi, and David Gorski 12: Shannon Hubler and Victoria Zegler 13: Sharon Risley, Debbi O’Keefe, Darrin Foror, Kelsey-Leigh Devane, and Joan Ryan 14: Jordan Loucks, Cam Clement, Kelly Ann Clement, and Scott Clement Photography by Garrett Uhde

107 John Street, Southport, CT 06890 (203)327-1212 | www.5thstreetadvisors.com

Shane Pendley, CFP® | spendley@5thstreetadvisors.com

Cesar Manent, CFP® | cesar@5thstreetadvisors.com

Abelardo Curdumí, CFP® | curdumi@5thstreetadvisors.com

5th Street Advisors, LLC is a Registered Investment Adviser. The content in this message is provided for informational purposes and should not be relied upon as recommendations or financial planning or investment advice. A copy of the firm's most current written disclosure brochure filed with the SEC is available on our website, www.5thstreetadvisors.com and on the SEC's website at www.adviserinfo.sec.gov.

business monthly

A ROUNDUP OF NEWS FROM LOCAL BUSINESSES

ONIT

ONIT is a brand new Fairfield-based business that connects you with local students to complete odd jobs around the house. ONIT saves you time and money, as you can avoid paying expensive professionals and give the work to students instead. Within 24 hours of requesting work, you will be connected to a student near you who can complete the job. ONIT workers can do anything from yard work to dump runs to walking your dog! onitllc.net

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Fairfield Center Jewelers

For nine decades, Fairfield Center Jewelers has been Fairfield, CT's premier jewelry destination. Our offerings include loose diamonds, engagement rings, fine jewelry, custom creations, Swiss timepieces, and designs by renowned artists. Our core values include exceptional customer service, competitive pricing, and earning the trust of our cherished patrons. Ali and Lauren Zeeshan, the new owners, are proud contributors to Fairfield's vibrant community, cherishing the opportunity to uphold a longstanding tradition. Explore more at FairfieldCenterJewelers.com .

Photography Provided by Fairfield Center Jewelers

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Robinson's Painting & Home Improvements, LLC

Robinson's Painting & Home Improvements, LLC is proud to offer comprehensive elite painting services for residents and business owners of Fairfield County and the surrounding areas. For over 26 years, we have been helping our customers improve the interiors and exteriors of their homes and businesses. Family-owned and locally operated, we'll collaborate with you to choose the right color and finish for your project, regardless of size. robinsonspaintingco.com

Photography Provided by Robinson’s Painting

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Photography by Emma von der Linden

Active Dog

You're busy.. but your dog isn't. That's where Active Dog comes in! We’ll take your dog off your hands and treat them to a fun day of running free through the woods on our private property with a pack of friends. With over 650 acres of private land to hike on, we are the largest dog hiking company in New England! Join the pack today! activedog.org

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New Petal Flower Farm

New Petal Flower Farm is a chemical-free cut flower micro-farm in Monroe, CT. Miranda and her husband Cam cultivate unique specialty cut flowers using sustainable practices as well as the propagation

Photography by Catie James

of many native flower varieties. Miranda's loose, organic arrangements feature ample foliage and unique, hard-to-find focal and accent flowers. Find New Petal Flower Farm at the Fairfield Farmer's Market this summer. newpetalflowerfarm.com

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ZIGZAG By Juliet

In 2023, Juliet Rueben discovered her passion for sewing while working at The Beehive. Initially drawn to the beauty of The Beehive's leftover designer fabric swatches, she was motivated to learn how to sew. From that inspiration, her small business was born. Specializing in handmade bags and accessories, ZIGZAG has experienced rapid growth. Embracing creativity and craftsmanship, Juliet's journey reflects her commitment to promoting sustainability by transforming unwanted materials into functional and stylish products.  zigzagbyjuliet.com @zigzag_by_juliet

Mōltō's Pappardelle scarpariello and Butternut squash gnocchi

PIZZERIA MŌLTŌ MOZZERELLA & WINE BAR:

Big Menu…Small Plates…Cool Crowds

Mōltō ingeniously mixes tablecloth and sauce nostalgia with a cool modern twist. This ideology is reflected in the atmosphere and skillfully echoed in the delectable menu. The decor has recently been refreshed but still evokes that cinematic feel. La Dolce Vita with a downtown vibe. Quite simply, Mōltō is for the cool crowd.

Mōltō was born out of the trending changes in lifestyles and habits. With their background in more classic fine dining around NYC, the owners were innovators, anticipating a desire away from the traditional huge portions of heavy entrees with the inevitable once ubiquitous doggy bag leftovers for the next day’s lunch and dinner - to a more modern approach.

Gone are the days of old-school, family-style Italian establishments. Mōltō fills that need for the growing preference for elevated smaller dishes, where the energy is high, and the attitude is youthful, where you can easily frequent multiple times a week to try yet another delicious - something else. As Co-owner Daniel Camporeale perfectly sums up, “Big menu, small plates, and consistently great food.” Also known for its pizzas, salads, pasta, comprehensive wine list, and specialty cocktails, “There’s something for everyone.”

Before the April air warms up enough for dining alfresco at the place to see and be seen on their patio, Mōltō has shared two customer favorites.

CONTINUED >

ARTICLE BY SAMANTHA SCHOENGOLD BERANBOM PHOTOGRAPHY BY MICHELE TERESO PHOTOGRAPHY

Pappardelle Scarpariello

Ingredients:

• 3/4 lbs of Durante fresh pappardelle

• 2 oz Colavita olive oil

• 2 cloves garlic minced

• 1/8 cup cherry peppers sliced

• 1/3 cup of Longhini ground sausage

• 1/4 grilled chicken breast

• 3 oz white wine

• 1/8 cup grated pecorino romano

• Touch of marinara to flavor (optional)

• 1 teaspoon salt

• Basil leaves for garnish

Directions:

1. Bring a large pot of lightly salted water to a boil. Add pasta and cook to al dente.

2. Drain the pasta reserving some of the pasta water and set aside.

3. Heat the olive oil in a large saute pan. Add garlic and cherry peppers to the hot oil.

4. Continue cooking 1 to 2 minutes or until garlic is golden brown and very fragrant.

5. Add Longhini sausage, grilled chicken breast, and white wine.

6. Season with salt. Cook 5 to10 minutes or until slightly thickened.

7. Add pasta to mixture and toss.

8. Add desired amount of reserved pasta water to reach desired consistency.

9. Cook pasta an additional 1 to 2 minutes or until heated through.

10. Stir in Pecorino romano. Garnish with basil and serve.

Butternut Squash Gnocchi

Ingredients:

• 1lb fresh Durante gnocchi

• 1 large butternut squash

• 1/2 cup light brown sugar

• 1 1/2 cups 36% heavy cream

Directions:

1. Pre-heat oven to 450°

2. Cut squash in half and remove seeds.

3. Place on sheet pan and cover open halves of squash with brown sugar

4. Bake for 1 hour or until soft but slightly firm

5. Remove skin and dice. Set aside.

6. Boil water and cook gnocchi until desired firmness

7. In a medium saute pan bring heavy cream to simmer

8. Add the diced squash and let simmer for 2 minutes to allow flavor to spread into cream

9. Add pasta and toss for 1 minute while cream thickens

10. Serve and enjoy!

Pizzeria Mōltō Mozzerella & Wine Bar

1215 Post Rd  Fairfield CT 06824 pizzeriamolto.com @pizzeriamolto

ON THE HARBOR

ARTICLE BY ON THE HARBOR PHOTOGRAPHY BY BORGATTA PHOTOGRAPHY

The Best Places to Invest in Your Home

Wendy Ryan, Andrew Whiteley, and Libby McKinney Tritschler of OTH

Located in Southport, CT, On the Harbor is a full-service real estate group providing distinct service across all price points in Fairfield County and beyond. With unmatched knowledge and experience, the team at On the Harbor is an industry leader. Libby McKinney Tritschler, Andrew Whiteley, and Wendy Ryan offer an individualized approach that goes beyond client expectations. Whether you are thinking of selling soon or about to embark on renovations and want to understand what adds the most value, On the Harbor shares the best places to invest in your home. Learn what areas are most important and why - especially in today’s highly competitive market. - SB

1. KITCHEN & BATHROOM RENOVATIONS:

Kitchens: Investing in a kitchen renovation should prioritize modern appliances to appeal to the contemporary buyer. Quality countertops enhance both aesthetics and functionality. Ample storage space is crucial, with well-designed cabinets and pantry areas to maximize organization. Bathrooms: Upgrading bathrooms can significantly increase a home’s value. Consider adding new fixtures, such as faucets and showerheads. Improving the overall aesthetic through tile work, updated vanities, and contemporary lighting can create a spa-like atmosphere that attracts potential buyers.

2. EXTERIOR/FIRST IMPRESSIONS:

Landscaping: A well-maintained lawn and thoughtfully designed landscaping can improve the curb appeal of a property. Low-maintenance greenery and attractive hardscaping can enhance the visual appeal without requiring extensive upkeep.

Front Door & Garage Door: The front door and garage are focal points. Consider investing in new ones or adding a fresh coat of paint to an existing door. This simple update can substantially impact the first impression of the home.

Outdoor Structures: If space allows, adding a deck, patio, or porch can be a valuable addition. These exterior structures not only provide a space for relaxation but also contribute to the perceived value of the property.

Pool Investment: The demand for pools may have shifted since the pandemic. Homeowners should consider current trends and preferences, as some buyers may now prioritize outdoor spaces differently.

3. ADDING SQUARE FOOTAGE/MAKING THE HOME LARGER:

Finished Basement or Attic: Converting unused space into a functional area adds valuable square footage. A finished basement could become a guest room, home office, or entertainment space, providing additional living space and increasing the home’s appeal.

Below Grade Considerations: Sellers should be aware that anything below grade does not typically count toward the overall square footage. One advantage to this is that it is excellent usable space that won’t increase your taxes.

4. PAINTING:

Painting is crucial for maintaining a fresh and clean appearance. Removing any blemishes that draw attention, such as scuff marks or outdated color schemes, contributes to a well-maintained and aesthetically pleasing home.

5. MAINTENANCE AND REPAIRS:

Structural Issues: Addressing structural issues promptly is essential. Fixing any foundation problems, ensuring proper drainage, and attending to cracks or settling can prevent more significant, costlier issues in the future.

Pre-Inspection: Conducting a pre-inspection allows sellers to identify and fix issues more cost-effectively. This proactive approach can instill confidence in potential buyers and streamline the selling process.

Mechanical Upkeep: Regular maintenance on mechanical systems, such as HVAC and duct cleaning, is crucial. Keeping windows and the roof up-to-date ensures energy efficiency and prevents potential problems. Roof treatments, like moss removal or protective coatings, can extend the lifespan of the roof.

On The Harbor

75 Station Street | Southport, Connecticut  ontheharborrealestate.com | @ontheharborrealestate

Libby McKinney Tritschler- 203-913-9454

Andrew Whiteley- 203-258-1595

Wendy Ryan- 203-964-7450

“Performs

Could

COMMONLY OVERLOOKED TAX CREDITS

EXPERT ADVICE FROM ROLLERI & SHEPPARD CPAS LLP

ARTICLE BY RYAN C. SHEPPARD, MANAGING PARTNER

PHOTOGRAPHY BY MICHELE TERESO PHOTOGRAPHY

It’s tax time and that time of year when millions of taxpayers prepare to send in their returns. Navigating one of the most complex tax systems in the world is no easy task. As taxpayers do so, they are looking to mitigate the tax burden on them and their families.

CONTINUED >

One of the ways to do that is through tax deductions and tax credits. But first, we must understand the differences. A tax credit reduces your tax dollar for dollar. Meaning a $2,000 tax credit will save you $2,000 in your pocket. Whereas a $2,000 tax deduction would save you roughly $500 to $700 dollars in your pocket.

Conceptually, tax credits are more valuable than deductions. Here are ten of the

most commonly overlooked tax credits on individual returns.

1. Retirement savings credit: This credit is for taxpayers who make retirement plan contributions but whose income threshold is low. Your gross income for married taxpayers filing jointly must be below $73k. Your credit can equal up to 50% of your retirement contributions if you qualify.

“Navigating one of the most complex tax systems in the world is no easy task.”

2. Child and dependent care credit: This credit is for taxpayers who pay for childcare for children under age 13 and whose parents are working. Even day camps during the summer qualify for this credit, so be sure to keep track of costs.

3. Adoption expenses: Expenses incurred in adopting a child are up to $15,950.

4. Lifetime learning credit: We often think about credits for college for children, but adults going back to school could qualify for one as well for post-secondary education and courses to acquire or improve job skills. The income limitation for this one is at $180k for married filing joint taxpayers.

5. Energy-efficient home improvements: Homeowners who install energy-saving improvements such as insulation, heat pumps, windows, or even for a home energy audit, can qualify for up to $3,200 per year.

6. Residential clean energy: This credit is different from energy-efficient home improvements in that it is designed for the installation of things like solar electricity, small wind energy, geothermal heat, and so on. This credit can equal up to 30% of the cost.

7. Credit for other dependents: This credit is allowed for dependents in the household who are not your children. It could be a parent, grandparent, etc. The credit amount is $500 per dependent.

8. Credit for elderly or disabled: Low-income taxpayers age 65 or older or permanently disabled can qualify. The maximum credit allowed is up to $6,604.

9. Foreign tax credit: If you have investments, chances are you may have paid some foreign tax within your portfolio. Be sure to pick up this credit.

10. Clean vehicle credit: Taxpayers who purchase a plug-in electric vehicle can qualify for up to $7,500 in tax credits. There are phaseouts depending on your vehicle, so check with your dealer first.

The United States tax code is incredibly complex. The credits listed above are just a sampling of options available to taxpayers. Some of these credits are permanent, and some are temporary. Stay tuned with political developments, as the tax code is the ultimate political football and is constantly changing. You can expect significant changes in 2025/2026 for two reasons: one, we have a presidential election this year, and two, many of the tax code changes from 2017 are set to expire at the end of 2025. This will force Congress to act one way or another by either pushing change or letting them expire. Either way, it’s going to affect taxpayers.

Best of luck as you finish another filing season!

For more expert tax advice and preparation, accounting services or estate planning visit rollerisheppardcpas.com

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Valuable Lessons

ARTICLE BY SAMANTHA SCHOENGOLD BERANBOM PHOTOGRAPHY BY HEIDI CURRAN PHOTOGRAPHY ADAM J. LEWIS ACADEMY

Investing in people brings great benefits. When those people are the children and families of your community, the return on investment is invaluable. Patty Lewis and Julia Mombello are doing just that and more. The founders of the Adam J Lewis Academy are leading this charge. They believe our children are the future.

Julia Mombello and Patty Lewis

“When we walk through the halls, looking at all the children actively engaged in their learning and watching the teachers so invested in helping them succeed, we’re so grateful to be a part of this incredible journey.”

Q: WHAT IS YOUR CONNECTION TO THE ACADEMY?

Patty: Julie and I are Co-Heads and Co-Founders of AJLA. We started the school with the idea that all children deserve a high-quality education regardless of their financial situation. We saw the inequities right over our border in Bridgeport and wanted to provide an option for  families that did not involve a lottery number. We strongly believe in the power of a good education and how it can transform lives.

Julie: Patty and I taught together and worked in Admissions at Greens Farms Academy. One day, over lunch, she mentioned that she wanted to open a Preschool in Bridgeport to provide an exceptional educational experience to children living in the city. She needed some help with public speaking when fundraising. I told her I would be happy to help but needed to understand the whole picture. The rest is history as we worked together to open the school and create a first-rate program.

Q: PLEASE TELL OUR READERS THE ORIGIN STORY OF THE ACADEMY. WHAT WAS THAT JOURNEY LIKE?

Patty: We named the school after my husband, Adam J. Lewis, who died on 9/11. He was a product of educational opportunities that transformed his life, and we hope our school can have that same effect on our students and families. As Julie mentioned, the idea for the school started when we were working at Green’s Farm Academy. I thought then - wouldn’t it be great if someone (someone else) opened a high-quality Pre-K Program, so more children could take advantage of the scholarship opportunities available? The idea stuck with me, and then, as my children got older, I decided to open one myself. We found a small multi-family house on the east side of Bridgeport, where we opened the Adam J. Lewis Preschool. It had a Montessori influence and was a mix of 3 and 4-year-olds. In 2018, we grew into an independent elementary school and became Adam J. Lewis Academy, moving into our current building on

State Street. Next year, we will open a middle school with our students graduating in 2027 as 8th graders. We plan to help our students and families find and apply to high-quality High Schools in the area and follow them into 9th grade with transition teams.

Julie:  Patty’s husband Adam’s life trajectory changed after receiving a scholarship to Dalton in NYC and then Hamilton College. Patty wanted to honor his memory when he was killed on 9/11. Patty decided to honor Adam’s legacy by creating a school with his name.

Q: HOW DO YOU DESCRIBE THE OVERALL PHILOSOPHY OF THE ACADEMY AND HOW IS YOUR APPROACH UNIQUE?

Patty: We firmly believe that relationships are the cornerstone of any effective educational program. The relationship between students and teachers is paramount, and the culture of our school is critical to the overall learning. We intentionally create a positive, safe, and joyful learning environment while providing a rigorous academic program. Our curriculum is a hybrid between science-backed skill instruction and a project-based themed curriculum, which allows students meaningful opportunities to practice those skills and increases the joy and engagement of each student. There is a strong emphasis on social-emotional learning, and that curriculum begins in PreK3 and continues throughout all grades. We are also proud of our cultural and socio-economic diversity. Our students are learning from the teachers but also from each other, and our hope is that through their 11 years with us, they will become moral leaders of tomorrow.

Julie:  Providing a strong foundation is absolutely essential for the acquisition of skills. We teach our skills using a project-based approach so that students are interested in what they are learning and not just memorizing facts. We also believe that the home/school connection is critical to the success of every child, so we have formed a parent commitment agreement that requires our families to get involved and stay involved with their children’s education.

Q: WHAT IS THE OVERALL MISSION OF OFFERING THIS OPPORTUNITY AND THESE SERVICES TO THE GREATER COMMUNITY?

Julie:  We want our students to be prepared both academically, emotionally, and morally for life after AJLA. We plan to be involved with finding high schools that are the best fit for all of our graduates and keeping in touch to help them navigate life in high school and beyond. We work hard to connect our families to opportunities and resources in Bridgeport and the surrounding areas. When a family’s life situation is improved, children are better prepared to learn. We offer in-house English classes to our families interested in improving their language skills. We also have a scholarship available for AJLA parents to take classes for free at neighboring Housatonic Community College.

Q: WHAT ARE SOME SHORT-TERM AND SOME LONG-TERM GOALS YOUR ARE LOOKING TO ACHIEVE?

Patty: One short-term goal is to prepare for our new 6th graders next year. It is a new grade and a new division that we have been planning all year. Our goal is to have the middle school be an extension of the overall school and also be its own distinct division. There will be a strong emphasis on the social-emotional development during these fragile years and helping to prepare them for the rigors of high school. Another short-term goal is to find more teachers to fill the growing positions. There are always the annual fundraising goals. We have a sliding-scale tuition model where families only pay what they can. No one pays the full tuition, and we do not accept public funding. Thus, we are always looking to introduce ourselves and find new funding opportunities. Long-term goals are to begin planning for our 8th grade graduates. We are identifying all possible high schools in the area, and we will connect with them and start preparing for placement in 3 years. We are also looking forward to possibly adding a gym and small theater to our campus.

Julie: Our short-term goal is to finish renovating our new middle school facility, located in the building next door to our current location. We are excited about the creation of an AJLA campus. This year, we finished our elementary growth and now have grades PreK - 5th. We will continue growing until we reach 8th grade and then will graduate our 1st class in the Spring of 2027. Long term, we would like to expand our endowment to ensure our sustainability for years to come. We also would like to keep in touch with our graduates as they move into high school, college, and beyond so that we can see them mature into moral citizens and achieve success in ways that are most meaningful to them.

Q: WHAT DOES SUCCESS LOOK LIKE TO YOU? WHAT DOES IT LOOK LIKE DOWN THE ROAD?

Patty: Right now, success looks like the promising data we have on how 78% of our students are performing at or above CT standards. It also comes in the form of 98% approval ratings from our parents. But most importantly, it is the individual stories that inspire us the most. Students who came in with either academic or SEL challenges are now thriving. Students who spoke no English are now fluent and leaders in their class. Moms who have taken our in-house English classes. Parents who have taken advantage of our free classes at Housatonic Community College and are earning degrees and getting better jobs. It is the retention rate of our teachers. Down the road, success will be our first graduation in June of 2027! Some of those students will have been with us for 11 years. Seeing how they’ll have grown academically and personally and watching them step into their new chapter of life fully prepared for all that is to come.

Julie:  Success now and down the road means continuing to provide a high-quality education. We hope to develop 11 year relationships with our families as they enter AJLA in PreK and remain with us through 8th grade. Our students will learn to think creatively, problem solve and advocate for themselves. They will be emotionally intelligent and understand empathy and compassion. They will show resilience, initiative and integrity.

Q: HOW CAN AREA RESIDENTS LEARN MORE ABOUT JOINING THE SCHOOL AND THIS COMMUNITY?  HOW CAN THEY CONTRIBUTE TO THE OVERALL MISSION?

Julie: We invite anyone who would like to come for a visit to please call us. There are opportunities to read in our classrooms, come for a tour, and learn more about AJLA - we love to talk about our school and its mission. Right now, our biggest challenge is fundraising as we raise money for our operating budget and the renovations of the new middle school space. We welcome any chance to introduce ourselves to people who haven’t heard about AJLA or talk to potential corporate sponsors- spreading the word about our mission is essential to our continued success. We also have a wonderful party planned to celebrate our 10-year anniversary. Tickets are available on our website. Please join us!

Q: WHAT ARE YOU PROUDEST OF ACHIEVING THUS FAR?

Patty/Julie: We are very proud of the AJLA community, which is made up of parents, teachers, students, friends, and supporters. So many people have believed in and supported us from the very beginning. When we walk through the halls, looking at all the children actively engaged in their learning and watching the teachers so invested in helping them succeed, we’re so grateful to be a part of this incredible journey.  ajlacademy.org @ajlacademy

YOU ONLY GET ONE RETIREMENT

Retirement marks the culmination of years of dedication, perseverance and sound financial choices. It's often envisioned as a period of relaxation, exploration and deep connection with family and friends. However, this dream doesn't just manifest. It necessitates forward-thinking and detailed planning, regardless of one's financial status. Amid global economic changes, evolving life expectancies and intricate tax systems, an all-encompassing and strategic retirement plan is more crucial than ever.

A key element of effective retirement planning is diversifying your income sources. While staples like 401(k)s or IRAs are foundational, it's equally important to branch out. Dividend-bearing stocks can provide regular dividends, bonds offer both periodic interest and principal return and real estate, whether directly or indirectly owned, has potential for both rental income and value growth. Private investments can also yield passive income and impressive returns.

Tax considerations significantly influence retirement strategies. Each financial action, from asset sales to account withdrawals, can carry tax consequences. Knowing these details can greatly influence one's overall retirement income. Tactics such as Roth IRA conversions can help distribute tax liabilities over time, allowing for tax-free withdrawals later on. Using strategies like tax-loss harvesting can balance out capital gains, ensuring proactive steps to reduce tax impact.

SOURCES OF INCOME DURING RETIREMENT

Annuities have long been recognized as a popular retirement income source. An annuity is essentially a financial contract that can offer a steady and predictable income, with options that might even extend to lifetime payouts. Available in varieties like fixed, variable and indexed, they often come with tax advantages. However, retirees should also be aware of certain drawbacks. These might include fees and expenses, issues around liquidity, and potential concerns related to inflation.

Delving into the world of Alternative Investments, retirees can consider assets such as hedge funds, private equity and real assets, among others. These investments may promise higher returns and provide diversification away from traditional stocks and bonds. However, the complexities of these investments mean they often come with challenges like illiquidity, higher fees and the need for a thorough understanding of the investment itself.

Delaware Statutory Trusts (DSTs), while not familiar to everyone, can be a potential retirement income source. Historically rooted, DSTs offer a form of passive real estate investment, which can lead to regular distributions. They also open doors to 1031 exchange possibilities, offering tax deferral benefits. But, just like any other investment, DSTs have their limitations, notably the lack of liquidity and the heavy reliance on trust management.

“USING STRATEGIES LIKE TAX-LOSS HARVESTING CAN BALANCE OUT CAPITAL GAINS, ENSURING PROACTIVE STEPS TO REDUCE TAX IMPACT.”

Retirement

Introduced by the Tax Cuts and Jobs Act of 2017, Qualified Opportunity Zones (QOZs) were designed to spur economic development. Investing in these zones can lead to deferral, reduction and even the potential elimination of certain capital gains taxes. However, they often require a long-term investment horizon, and retirees must be well-versed with the specifics of the chosen opportunity zone.

Rental Income remains a favorite for many looking for consistent returns. Whether through direct property ownership or Real Estate Investment Trusts (REITs), real estate can offer passive income, tax benefits and appreciation. Yet, the responsibilities tied to property management, the uncertainties of market fluctuations and other associated costs must not be ignored.

The backbone of many retirement plans, Social Security Income, provides a safety net for millions. Established with the intent of financial assistance, the amount one receives depends on various factors. There are also strategies retirees can employ to maximize these benefits, such as deciding on the optimal time to claim or considering the implications of working while receiving benefits.

ESTATE PLANNING AND PHILANTHROPY

Beyond the immediate realm of retirement, estate planning emerges. This encompasses not just post-retirement arrangements but also asset distribution for future generations or charitable endeavors. Regularly reviewing wills, trusts and beneficiary designations ensures alignment with changing circumstances.

Philanthropy seamlessly integrates with retirement plans. Beyond fulfilling a personal mission to give back, it also carries financial benefits. Using instruments like donor-advised funds or charitable trusts lets individuals make impactful societal contributions while enjoying tax advantages.

You only get one retirement. In the ever-evolving world of finance, staying updated and flexible is essential to ensure the continued relevance and efficiency of one's retirement strategy.

PHILANTHROPY SEAMLESSLY INTEGRATES WITH RETIREMENT PLANS. BEYOND FULFILLING A PERSONAL MISSION TO GIVE BACK, IT ALSO CARRIES FINANCIAL BENEFITS.

Disclosures

Securities offered only by duly registered individuals of Madison Avenue Securities, LLC (MAS), member FINRA/ SIPC. Advisory services offered only by duly registered individuals of Csenge Advisory Group, LLC. MAS, Csenge Advisory Group, LLC and Impact Wealth, LLC are not affiliated entities.

Investing involves risk, including the potential loss of principal. This is intended for informational purposes only. It is not intended to be used as the sole basis for financial decisions, nor should it be construed as advice designed to meet the particular needs of an individual’s situation. Our firm is not permitted to offer and no statement made during this presentation shall constitute tax or legal advice. Our firm is not affiliated with or endorsed by the U.S. Government or any governmental agency.

Every retirement journey is distinct, and each vision merits expert guidance. Impact Wealth is based in Boulder Colorado. You can contact them at Impact@ImpactWealth.com.

APRIL 2024

events

A SELECTION OF UPCOMING LOCAL EVENTS

APRIL 2ND

Chamber Coffee Connect

Tabitha's Ice Cream | 8:00 AM

Wake up with the Chamber Members over a cup of joe to start your day! Bring a friend and network or just learn about new and existing businesses in the area. Make new friends and business contacts. Free for members. $5 for non-members. Visit fairfieldctchamber. com for more information.

APRIL 4TH

ConnectFairfield

Sip + Support

Non-Profit Showcase

Elicit Brewing Company | 6:00 PM

This free event is all about highlighting the charities in our community. The evening promises a wealth of volunteer opportunities and invaluable information for prospective donors. Attendees can expect to explore various organizations, each dedicated to unique causes, and learn about the meaningful impact they can make through their time or resources. Sponsored by: 203local  connectfairfield.com

APRIL 5TH

Rufus Wainwright

SHU Community Theatre | 8:00 PM

Rufus Wainwright has established himself as one of the great male vocalists, songwriters, and composers of his generation. The New York-born, Montreal-raised singer-songwriter has released ten studio albums to date, three DVDs, and three live albums including the Grammy-nominated Rufus Does Judy at Carnegie Hall. Part of the Victoria Fingelly Singer Songwriter Series. shucommunitytheatre.org for tickets.

APRIL 13TH

Fishing Derby

Gould Manor Pond | 9:00 AM

The trout derby is free and open to any child ages 3-15. On-Site Registration will begin at 8am. All participants must bring their own fishing equipment. fairfieldrecreation.com

APRIL 13TH

Greater Bridgeport Symphony

Klein Memorial Auditorium | 8:00 PM

Closing the 78th season with Beethoven’s joyful  Symphony No. 8, and two great 20th-century Russian composers who revered Beethoven. Prokofiev’s  Classical Symphony and Shostakovich’s Cello Concerto No. 1, featuring Dr. Nicholas Hardie soloist, GBS’ own Principal Cellist – pay homage to Beethoven, a century and a half later and a thousand miles east. gbs.org

APRIL 17TH

What’s That Tree? A Guided Spring Tree Walk

Fairfield Museum Commons | 12:00 PM

Join the Fairfield Forestry Committee and Fairfield Pollinator Pathway for a walk surrounded by spring blooms on the Museum Commons. Learn how to identify trees on the Museum Commons and discover their stories. Recommended for ages 10+. Please dress for the weather and wear comfortable shoes. Free with Museum Admission.

Rain Date: April 18th. fairfieldhistory.org

APRIL 21ST

Earth Day Community Clean Up

Jennings Beach Sail House | 2:00 PM

Help clean up to keep Fairfield a cleaner and greener place for all. Trash bags and gloves will be provided. Parking available in the marina next to the skate park.

APRIL 25TH

CTARR Presents: Mark Lundholm "I'm Bringing My Very Best!"

Klein Memorial Auditorium | 7:30 PM

Experience the fast-paced, original material and sharp tongued humor of this one man force of nature. VIP Dinner & Meet Greet 5pm. Show only doors open at 6:30. Visit theklein.org for more information and tickets.

APRIL 26TH

Spring Fling Dance

Jacky Durrell Pavilion | 7:00 PM

Boys & Girls in grades K-8 along with their special adult will enjoy a night of dancing and light refreshments. Carnation corsage or Boutonniere add on available for pick up at the dance thanks to Hansen's Flower Shop. Semi-formal Attire. $20 per person. Registration required.  fairfieldrecreation.com

INVESTING IN WINE

ARTICLE BY MONICA MCCALL

PHOTOGRAPHY PROVIDED BY KINDRED SPIRITS AND WINE

LEARN FROM THE WINE DIRECTOR OF KINDRED SPIRITS AND WINE

You may not think of wine as an investment in your well-being. However, wine has been a part of all social classes and many religious organizations dating back to the Middle Ages. It was a way to connect with people while sharing a meal. Today, a few will buy wine as a financial investment, and others see it as a leisure activity. But I believe all who enjoy wine conclude that it brings pleasure and happiness, particularly at the end of a long day or week. As wine professionals, we challenge everyone to explore different flavors and the cultural richness of wine. Invest a little more in your selection. Take time to discover different wines from around the world. Look beyond the big brands that are often more interested in quantity and money than producing a high-quality product. The small winery cares about the land and chooses to farm organically so the next generation can continue the tradition. They pay more attention to the quality of the ingredients (grapes) and do not add multiple additional ingredients to create a formulaic style that tastes the

“As wine professionals, we challenge everyone to explore different flavors and the cultural richness of wine. Invest a little more in your selection. Take time to discover different wines from around the world.”

same every year. If you are curious to purchase and collect high-quality wine to put aside for several years, we can assist in this process. These bottles typically start around $70 and come from top producers with a pedigree and history in renowned regions such as Bordeaux, Burgundy, Barolo, Tuscany, Napa, and Rhone. Storing wine for later enjoyment can be a fun investment in long-term pleasure. Do not be intimidated by wine. In simple terms, it is an agricultural product; above all else, it is a beverage that brings pleasure on multiple levels. Join in the social fun. Explore the many regions around the world and learn what you like and what you don’t like. It is subjective, and there are no right or wrong answers. But at every price point, do not sacrifice quantity (big brands, you know them) for quality. Lean to the small producer who works tirelessly to bring their wines to you. Passion, history, and tradition in a glass shows that wine can go beyond just being a beverage.

Kindred Spirits & Wine is a local wine shop with four locations – Fairfield, Westport, Monroe, and Shelton. They have a well-curated shelf of wines from around the world. The Kindred Select section consists of small producers and family wineries that are thoughtfully resourced, hand selected, and specially chosen by the Kindred wine team. Each weekend, they offer in-store tastings, and monthly, they have educational wine tasting events to enhance your discovery. Monica McCall is the Wine Director who goes above and beyond to bring wines of excellent quality and value at every price point.

Kindred Spirits & Wine

2260 Black Rock Turnpike Fairfield CT 06825

kindredspiritsandwine.com

@kindred_spirits_wine