THE MALDEN ADVOCATE–Friday, December 30, 2022 Page 17 ~ Mystic Valley Regional Charter School Sports ~ Swim team takes down Minuteman By Emily Brennan T he MVRCS swim team hosted and raced against Minuteman High School last week. The team had a very successful day, tallying 100 points to Minuteman’s 73. There were several standout performances in the pool Wednesday evening. On the boys’ side Christian Antonucci placed first in the 100-yard freestyle with a lifetime best time of 56.45, and in the 50 freestyle, seniors Jeremy Cheng and Armando Indresano completed a 1-2 finish, both with state qualifying times of 22.91 and 23.18. Jason Yan finished first in the 200yard freestyle (1:58.61), a lifetime best. Yan touched in first again in the 100-yard breaststroke with a time of 1:07.93. Freshmen Jaden Anthony and Dylan Phan were in the pool for the 500 freestyle, and they did not disappoint. Both shaved off 20+ seconds from their lifetime bests to come in with another Eagles 1-2 finish. For the girls, the medley relay team of Tia Anthony, Miriam Johannes, Nicole Kelso and Makda Johannes came in for a 1-2 finish. Lana Albuquerque finished second in the 100-yard freestyle with a time of 58.88, and Isabella Cirame completed the 200 freestyle in third with a time of 2:11.99. Isabelle Pennachio rounded out the Eagles 200 freestyle scorers with a lifetime best of 2:36.43. After a successful start of their season, the swim team took a short break from racing over the week and was back in action on December 21 against Northeast. ELIGIBLE DESIGNATED BENEFICIARY owner. In this situation, the 10 year rule does not apply. A surviving spouse can Eagles swimmers in action I f you are a disabled or chronically ill individual or you The Eagles’ Dalton Kinnon led the team in scoring. Dalton Kinnon led Eagles in 68-42 win over Nashoba In its first conference game of the regular season, Mystic Valley Regional Charter School defeated Nashoba Valley Technical High School, 68-42, on Friday at Eastern Avenue. Sophomore guard Dalton Kinnon led Mystic Valley in scoring with 28 points. Others contributing to the points parade column were senior guard Giovanni Soto (18), senior guard Michael Tayag (8), sophomore forward Carl Damas (8), sophomore guard Jack Mangone (3), junior guard Matt Banwait (2) and senior center Gui Silva (1). The balanced Eagles saw seven different players score in the game as MVRCS got the 202223 season off to a flying start before a spirited home crowd in Malden. The Eagles started the game on all cylinders, jumping out to a 9-1 lead. Several fast break layups and key outside SWIM | SEE PAGE 19 MVRCS Swimming Gains Victory Against Northeast By Emily Brennan T he Mystic Valley Regional swimming team wrapped up their last meet before winter break against Northeast on Wednesday. The team did not disappoint, going 1-2-3 in every event on way to a 90-64 victory. In the 100 butterfly, the Freshman trio of Khloe Co, Isabelle Pennachio and Nicole Kelso, picked up a 1-2-3 sweep of the event. Sydney Cao and Lucas Freitas were close behind Kevin Sodeyama-Cardoso with another 1-2-3 finish in the 100 free. Isabelle Pennachio, Isabella Cirame, Khloe Co, and Miriam Johannes picked up a third-place finish in the medley relay with a time of 2:12.16. Thomas Sodeyama-Cardoso finished the 200 breaststroke with a time of 1:07.63, just 4 tenths of a second off of another state cut. Aiden Acuna-Rosa sprinted the 50 free with a time of 23.29, followed closely by senior Ramy ElAafer and freshman Dylan Phan. The Eagles will return to action after the holidays to compete against Weston and Reading on December 29. REAL ESTATE TRANSACTIONS BUYER1 LE, TY SHRESTHA, SABIN BUYER2 ALTIDOR, JERRY PIYA, JESBINA SELLER1 MILTER PROPERTIES LLC HANTER PROPERTIES LLC SELLER2 are not more than 10 years younger than the deceased IRA owner or 401(k) plan participant, you can establish an Inherited IRA account in the name of the deceased account owner with you listed as the beneficiary. Sometimes this type of account is referred to as a Beneficiary IRA account. If the account owner dies prior to the RBD (Required Beginning Date), the date at which RMD’s (Required Minimum Distributions) commence, then the annual RMD’s going forward for the beneficiary of the IRA account will be based upon his or her own life expectancy. Distributions must begin no later than December 31st of the year following the year of death. Furthermore, the beneficiary may withdraw any amount at any time as long as the entire balance in the IRA account is withdrawn by December 31st of the 10th year following the date of death of the original IRA account owner. If the IRA account owner or 401(k) participant dies after the Required Beginning Date, the annual RMD’s going forward are based upon the beneficiary’s age and life expectancy or the age and life expectancy of the deceased original account owner, whichever is longer. Distributions from the Inherited IRA account must begin no later than December 31st of the year following the year of death of the original account simply roll the IRA account or 401(k) account of the deceased spouse into a Spousal IRA account and not have to take RMD’s until age 72. The RMD’s will be based upon his or her own life expectancy. The Secure Act 2.0, which is part of the most recent spending bill passed by Congress, extends the Required Beginning date to age 73 commencing in calendar year 2023. It will be increased to age 75 in calendar year 2033. When the account owner dies prior to the RBD, a non-eligible beneficiary of an IRA account or 401(k) account, such as a child in the typical situation, may withdraw the monies in the account at any time as long as the entire balance is withdrawn by December 31st of the 10TH year following the account owner’s date of death. If the account owner dies after the RBD, the annual RMD’s are based upon the child’s age and life expectancy or the age and life expectancy of the account owner, whichever is longer, but the entire balance in the account must be distributed by December 31st of the 10th year following the date of death of the account owner. Distributions must begin no later than December 31st of the year following the date of death of the original account owner. These new RMD rules prevent children of the IRA or 401(k) account owner from “stretching” distributions over their life expectancy. A $500,000 IRA, for example, would have to be cashed out at the rate of $50,000 per year resulting in much higher income taxes over a much shorter period of time, not allowing for the account to grow tax deferred over the life expectancy of the child. Joseph D. Cataldo is an estate planning/elder law attorney, Certified Public Accountant, Certified Financial Planner, AICPA Personal Financial Specialist and holds a master’s degree in taxation. Copyrighted material previously published in Banker & Tradesman/The Commercial Record, a weekly trade newspaper. It is reprinted with permission from the publisher, The Warren Group. For a searchable database of real estate transactions and property information visit: www.thewarrengroup.com. ADDRESS 9 MILTON ST 12 ROCKWELL TER CITY MALDEN MALDEN DATE 12.07.22 12.09.22 PRICE 700000 700000
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