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THE EVERETT ADVOCATE – FRiDAy, JunE 27, 2025 Page 21 Everett resident receives degree from AIC during 140th Commencement Ceremony E verett’s Max Nicolas has graduated from American International College (AIC) with a Bachelor of Arts in Sociology. On Sunday, May 4, AIC conferred degrees to graduates in the Class of 2025 — receiving bachelor’s, master’s and doctorate degrees from its School of Health Sciences, School of Education and School of Business, Arts, and Sciences. Amie Parnes, senior political correspondent for The Hill covering national politics, delivered the Commencement address and was awarded an honorary Doctor of Humane Letters from AIC. Founded in 1885, AIC is a private, coeducational, doctoral granting institution located in Springfield, Massachusetts. AIC supports and advances education, diversity and opportunity for its students and the community. AIC students named to spring 2025 Dean’s List A merican International College (AIC) was proud to announce that 468 students have earned a place on the Dean’s List for the spring 2025 semester. These full-time students have attained GPAs ranging from 3.3 to 4.0. AIC applauds the dedicaEVENTS | FROM PAGE 4 Book Talk: Summer Reading Edition: Shute Children’s Room, Wednesdays at 10 a.m. Have you been keeping up with your summer reading? Drop in to share your opinions, get recommendations and find out what everyone else has been reading (and doing) during summer break! Registration is not required. Open to children of all ages; parALL-STARS | FROM PAGE 18 Select All-Star Game. He was also a GBL All-Star selectee this season. Two Everett High players represented the Crimson Tide in the MBCA Sophomore Select All-Star Game: righty pitcher Derek Soper and slugging outfielder Tyler Freni. Soper was one of the top pitchers in the GBL this year and was named a GBL All-Star (3-2 W-L record, 1.49 ERA and 40 strikeouts). Freni was one of the Crimson Tide’s top producers at the plate with 15 RBIs and a .337 batting average. Three Malden High 9th -graders represented the Golden Tornados on the Freshmen Select All-Star Team: Middle infielders Davante Layne and Devin Otero Milonopoulos and third baseman/pitcher Nicholas D’Anna. Layne started for Malden at second base every day this past tion and achievements of these enterprising students. Everett’s Shane Mackenzie and Max Nicolas achieved the Dean’s List. Founded in 1885, AIC is a private, coeducational, doctoral granting institution located in Springfield, Massachusetts, ents and guardians are welcome to join in or have their own book discussion. Tune In: Music Class at the Library! Shute Meeting Room, Wednesday, July 2, from 2-3:30 p.m. Join us at the Shute Memorial Library for a fun and interactive music class where you’ll learn to read music and sing! Recommended for ages 10-14. Materials for this program have been generously season and batted leadoff. He ended up as the Greater Boston League batting champion with a .556 average (30-for54). His batting average was the highest for a Malden player in 30 years, since MLB Atlanta Braves Kevin McGlinchy, MHS Class of 1995, hit .589 in his senior year at MHS. Layne made several outstanding snags and throws at second base in the Freshman Select All-Star game and received the Gold Glove Award. Layne also led off the game with a missile line drive down the left field line for a standup double, scoring the team’s first run later in the inning. D’Anna, who hit .378 for Malden and was the everyday third baseman, and Otero Milonopoulos, a .345 hitter at DH for Malden this past season, batting fifth, both pitched and played in the infield in the Freshman Select All-Star Game. Rmd’s for 401(K) Plans W hen must you begin taking Required Mincomprising the School of Business, Arts and Sciences, the School of Education and the School of Health Sciences. AIC supports and advances education, diversity and opportunity for its students and the community. provided by the Friends of the Everett Public Libraries. Master Builders: Lego Freeplay: Shute Children’s Room, Thursdays from 3-5 p.m.; freeplay session with Legos and other building blocks. Bring a buddy, or make a new one, as you explore your imagination brick by brick! We provide the space and the materials to let your vision take shape. What will you create? “All three of our freshmen showed they can compete with the best players in the state in their class,” Coach Freker said. “Davante [Layne] won a nice award for his defense in a year where he made plenty of noise on offense with his bat.” From Everett, freshman catcher MJ Guida had a tremendous first-year varsity season for Everett. He was among the team’s leading hitters and threw out eight runners from behind the plate. “We are very proud of our three underclassmen State AllStars, Derek [Soper] and Ty [Freni] in the Sophomore Game and MJ [Guida] in the Freshman All-Star Game,” said Everett High second-year Head Coach Malik Love, who was in attendance at the games. “Those guys will be the core of our returning guys next season and it’s a strong group because of them.” imum Distributions (RMDs) from a 401(k) plan? You must begin taking RMDs from a 401(k) plan in the year you reach age 73 if you have retired and simply left the 401(k) plan account open. This is no different than for a Traditional IRA account. You can wait until April 15th following the year in which you turn 73 to take your first RMD distribution. However, if you do that, you will be doubling up on the RMD distribution. In other words, you will have to take two RMD distributions during that calendar year. However, if you are still working and you are an active participant in the employer’s 401(k) plan, you do not have to take any RMDs from that 401(k) plan until you actually retire. Upon retirement, it might then make sense to roll over any and all 401(k) plans or 403(b) plans into a Rollover IRA account in order to simplify the management of these retirement accounts, avoid overlap in portfolio positions and also to reduce the burdensome paperwork. Furthermore, you eliminate the risk of certain restrictions found in the 401(k) plan document regarding distributions to beneficiaries in the event of your death. The RMD is based upon the account value as of December 31st in the year prior to you reaching age 73. You look to the IRA life expectancy table pursuant to IRS publication 590-B in order to determine the number of years to divide the December 31st balance by. If, for example, the balance in your 401(k) plan or Rollover IRA plan on December 31, 2024 was $1,500,000, and you turned 73 in calendar year 2025, you would divide the $1,500,000 by 26.5 years to arrive at an RMD of $56,604 for calendar year 2025. If you were still working and the only existing retirement account was your 401(k) plan at your current employer, no RMD would have to be taken until you retire. You can work until any age and still not be required to take an RMD. If you name a spouse as the beneficiary of your 401(k) plan, he or she can establish a beneficiary 401(k) account and then roll it over to his or her Rollover IRA account. Your surviving spouse can then withdraw RMDs based upon his or her own life expectancy. When it comes to children beneficiaries, the “stretch” IRA option has been eliminated under the SECURE Act. Children, prior to the Tax Cuts & Jobs Act of 2017, could roll the 401(k) monies into a Rollover IRA account and stretch the RMDs over their lifetime. This resulted in tremendous tax efficiency and the opportunity to grow the investment account further. Under the SECURE Act, children must now withdraw the account in full by the end of the 10th year following the year of the 401(k) owner’s death. This also applies to Traditional IRA accounts. The tax implications to the children are significant and cannot be overlooked. Joseph D. Cataldo is an estate planning/elder law attorney, Certified Public Accountant, Certified Financial Planner, AICPA Personal Financial Specialist and holds a masters degree in taxation.

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