Page 14 THE SAUGUS ADVOCATE – FriDAy, AUGUST 18, 2023 THE SOUNDS | FROM PAGE 13 Founders Day Book Sale in the Community Room. They are asking for donations of gently used adult hardcover and softcover adult fiction and children’s books. Please limit donations to only adult fiction and children’s books; they do not have storage space for adult nonfiction or media like music CDs and DVDs. And please... clean and newer books only. No tattered pages, odors, stains or battered/ dirty covers! Books may be dropped off at the Library’s Main Circulation Desk during business hours. Please do not place donations in the outdoor book drops. What’s happening at the Saugus Public Library For schoolchildren looking for interesting projects and programs to participate in this fall, there’s plenty to do at the Saugus Public Library. There are some very good programs offered for grownups, too. Meet Eleanor Roosevelt at the library: At the Saugus Public Library, you will have the chance to meet Eleanor Roosevelt as actress Sheryl Faye brings her to life in a one woman performance. Faye, a graduate of Emerson College, has appeared in movies (“Analyze That,” “The Perfect Storm”) and television shows (“Sex and the City,” “The Sopranos”). Since beginning to portray famous women – from Laura Ingalls Wilder to Queen Elizabeth II – Faye has received rave reviews. Please register to join us at the Saugus Public Library on Tuesday, August 22, at 6:30 p.m. to meet Eleanor Roosevelt, the First Lady of the World – Sheryl Faye Presents Tea with Eleanor Roosevelt. The event is free, but you must register at https://www.sauguspubliclibrary.org Storywalk: Check out a Storywalk – also on Thursday, August 24, at 3:30 p.m. – at the Iron Works. This event, which is led by Coordinated Family & Community Engagement (CFCE), will feature a back-toschool story, “All Are Welcome,” by Alexandra Penfold. Snakes of New England: Snakes of New England – and the World! On Monday, August 28, at 10:30 a.m. at the Iron Works! Meet some amazing snakes presented by Rick Roth of Cape Ann Vernal Ponds. All outdoor events at the Iron Works are subject to change due to the weather. Please check the online event calendar on the morning of the event for updates. Teen Summer Reading 2023! Through August 25: Visit our website (sauguspubliclibrary. org) to fill out a book review form for every book you read or listen to over the summer. All books count – fiction, nonfiction, manga, graphic novels, audio books, required reading, etc. One reader will win a $50 gift card to Amazon! The more you read, the better your chance! Tween and Teen Crafts & Snacks! August 18 and 25; weekly summer crafts on Fridays from 10-11 a.m. in the Brooks Room; fifth through 12th grades. No registration necessary, just come by and bring your friends! Attendees will be making bracelets, clay animals, flower prints, earbud holders, wizard wands, mini light sabers and fabric bookmarks and doing some cookie decorating. Join our Teen Advisory Board: first Tuesday of each month at 6 p.m. in the Teen Room; fifth grade and up. Meet with the Teen Librarian once a month to talk about what you’d like for programs and materials at the library. Your opinion matters! No registration required. Snacks provided! (sauguspubliclibrary.org – 781-231-4168) Just Sew! Saugonians are welcome to join a monthly sewing class for adults that is held the third Monday of each month from 6:30-7:30 p.m. in the Community Room of the Saugus Public Library. The class covers basic topics like sewing buttons, hemming clothing and mending torn fabric and will move on to more advanced topics in the coming weeks. This class is free. (See sauguspubliclibrary.org) “Sketch Artist” exhibit: This month’s exhibit in the Reading Room features the Saugonian luminaries of 2020, done by the Saugus Advocate Sketch Artist in the “Guess Who Got Sketched” series. Portraits of individuals from Saugus (and one special location) who were featured in The Saugus Advocate during the unprecedented events of COVID-19 during 2020 are up on display. For the past three years, Saugus’ only newspaper ran a sketch each week done by the formerly secret sketch artist – unveiled this year as Joanie Allbee. Readers could guess the identity of the portrait subject and there would be a drawing from the correct answers. The person whose name was drawn would receive an award, usually a gift card to a local business. Adult Coloring Group: Come 529 PLANS AND ROTH IRA ROLLOVERS B eginning in calendar year 2024, 529 College Savings Plan account holders will be able to roll over the funds in a 529 plan investment account into a Roth IRA in the name of the beneficiary of the 529 plan up to a $35,000 lifetime limit. The 529 plan must have been owned by the beneficiary of the plan for at least 15 years. This is a valuable option when a child or grandchild decides not to go to college. If there are no other children or grandchildren with their own 529 plan to roll the monies into, rolling the 529 plan assets to a Roth IRA in the name of the beneficiary not going to college is a good option, so long as the amount rolled over does not exceed $35,000. If the remaining assets in the plan then need to be cashed out, income taxes will be paid on the earnings as well as a 10% penalty. The contributions each year to the Roth IRA are subject to a limit. The limit for 2023 is $6,500. The conversion of 529 plan assets apply only to Roth IRA’s, not Traditional IRA’s. This was included in the SECURE 2.0 Act passed by Congress at the end of calendar year 2022. If, for example, there was $32,500 in your son’s 529 plan and he decided not to go to college, you could roll over $6,500 per year over the next five years into his Roth IRA account until the 529 plan assets were fully exhausted. At the end of the five-year period, the 529 plan assets would be depleted and your son’s Roth IRA account would be equal to $32,500 plus any earnings over that five-year period. There are no modified adjusted gross income limitations with respect to the ability to fund the Roth IRA contribution each year by rolling over monies from the 529 plan. However, your son or daughter would have to have at least $6,500 in earned income in order to max out on the Roth IRA contribution each year. The Roth IRA contribution limit will increase to $7,000 in 2024. There is an additional $1,000 contribution allowed for those individuals who are 50 years of age or older. The IRS needs to clarify whether or not there needs to be sufficient earned income in order to rollover funds from the 529 plan to the Roth IRA in the name of the 529 plan beneficiary. If your son or daughter had $32,500 in the 529 plan and the funds were rolled over to a Roth IRA, if the monies were invested over a 40-year period earning 8% per year, the balance in the account would exceed $706,000. This is another good reason to consider opening up a 529 plan for a child or grandchild. You now have more options available down the road if circumstances change and a child or grandchild decides not to attend college. relax with our continuing Adult Coloring Group. It’s a great opportunity to take time to unwind, be creative and have fun – no experience necessary! We have pencils and coloring pages ready and waiting… See you there! Space is limited; please call to register (781231-4168 x 3106). The next session is Wednesday, Sept. 20, at 10 a.m. in the Brooks Room on the second floor of the library Legion Breakfasts returning soon Debbie Faust, building manager of Saugus American Legion Post 210, announced this week some good news for folks who enjoy the Friday morning breakfasts at Legion Hall: “The American Legion Post 210 at 44 Taylor Street in Saugus will be starting its weekly Friday morning breakfasts for the 2023-24 season on Friday, September 8. Doors open at 7:30, with breakfast served from 8-9:00 a.m. for an $8 donation. Veterans who cannot afford the donation may be served free.” Veterans Food Market The Veterans Food Market will always be held on the third Wednesday of each month. The distribution point is at the Saugus Senior Center. The food market will take place from 10:30 to noon each month. The next Veterans Food Market is Wednesday, August 16, 2023. ln order to ensure that we have the proper amount of food and to avoid waste, we are no longer going to make telephone calls to clients to confirm their monthly participation. lf you are on our list, we are going to assume that you will be attending. We would ask that you contact us one week in advance if you will not be participating. lf you no-show twice without notifying us, you may be dropped from our list and may not be able to participate in the future. Veterans and/ or eligible dependents of Veterans must be preregistered with the Saugus Veterans’ Services Office to participate in the food market. PIease feel free to contact the Saugus Veterans’ Service Officer, Paul Cancelliere, or Nancy Stead at 781-231-4010 or email nstead@sauqus-ma.gov to register or with any additional questions. Kowloon launches outdoor dining The Kowloon Restaurant, which is located at 948 Broadway (Route 1 North) in Saugus, has opened its outdoor dining venue, serving a full food and bar menu. The restaurant’s outdoor concert series has kicked off. The Kowloon Restaurant is open every day from noon till closing, and the outdoor venue is open Wednesday to Sunday from 5 p.m. to closing. Rockin’ 4 Vets concert at Kowloon! Rockin’ 4 Vets presents a classic rock Summer Sun-Days Veterans Benefit Concert on August 20 with an initiative to assist veterans’ organizations throughout Massachusetts with PTSD, addictions and homelessness. The concert details: Dyer, Goodwin, Chakour with special guest Brian Templeton, longtime members who played with Joe Cocker, Tina Turner and the J. Geils Band. For tickets, go to the ticketing link gimmeLIVE.com. VIP tickets are available for preshow meet and greet with performers. Doors open at 12:15 p.m. and the shows are at 1:00 p.m. One hundred percent of the concert series’ profits will benefit the veterans’ organizations, including: Hidden Battles Foundation, https://hiddenbattlesfoundation.org/ Massachusetts Military Support Foundation, https://mmsfi.org/ Veterans Northeast Outreach Shelter, https://vneoc4vets. org/ Boston Rescue Mission and 22 Mohawks, https://22moTHE SOUNDS | SEE PAGE 15
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