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28 November 2024 NHTownCrier.com

paying stocks perform better.”

3. What are the risks associated with dividend-paying
stocks?
“Firms can reduce or cancel their dividends —
especially during times of economic uncertainty and HARP Museum Kicks Off
times of crisis,” says Pickle. “And there’s still the risk
that dividends could be cut periodically, even without Youth Lunch & Learn Series
the trigger of a crisis event. And if tax rates change, it The H.A.R.P. Museum at the Irish Cultural Center of
could mean you’d pay more, as well.” the Mohawk Valley hosts a November to remember,
Explore your options with professional advisors introducing a “Youth Lunch and Learn” series, with
Christopher J. Carbone Pickle stresses that investors should discuss the pros free classes for young people in Irish dance, Irish fiddle,
and cons of dividend-paying stocks with a financial tin whistle, bodhran, and a workshop aimed at helping
to build a family tree.
Dividend-paying Stocks: advisor to help make sure they fill a need within an The slate of classes and teachers is as follows:
individual investment portfolio and make sense for a
Pros and Cons specific financial situation. “Introduction to Irish Dance” - This four-hour class

A dividend is a portion of a company’s profit that’s “You should also talk to your CPA or tax professional will be presented by the Butler-Sheehan Academy of
paid to shareholders. That means dividend-paying to make sure that you understand what the tax Traditional Irish Dance on Saturday, November 2nd,
stocks may provide a source of income. But they can consequences are for your particular situation,” he from 10 AM-2:30 PM, and will teach students about
also carry some degree of risk. advises. the history and styles of traditional Irish dancing,
So, what do investors need to consider when it Equity securities are subject to market risk, which with demonstrations and performances of many
styles of Irish dance. Instructors will also be bringing
comes to dividend-paying stocks? In this Q&A, Austin means their value may fluctuate in response to general a representative selection of dresses, dance shoes and
Pickle, senior wealth investment solutions analyst with economic and market conditions, the prospects of wigs. At the conclusion of the class, students will be
Wells Fargo Investment Institute, provides important individual companies, and industry sectors. Investments invited to participate in a dance specifically designed
information for investors to keep in mind. in equity securities are generally more volatile that other for them.
1. What are the potential benefits of dividend-paying types of securities. There is no guarantee that dividend- “Irish Fiddle Class” – Learn the basics of the fiddle,
stocks? paying stocks will return more than the overall stock and how to play some simple tunes. Students can bring
“One of the big benefits is that these stocks may market. Dividends are not guaranteed and are subject their own instrument, but additional instruments will
provide a more reliable income stream compared to to change or elimination. be on hand. Mike Hoke is the instructor. Two identical
some other investment options,” Pickle says. Wells Fargo Investment Institute, Inc. is a registered two-hour classes are offered, at 10 AM on Nov. 9th and
Companies tend to issue dividends on a routine basis, investment adviser and wholly owned subsidiary of Nov. 16th. Each class is capped at 10 students.
such as quarterly or semi-annually, which may create Wells Fargo Bank, N.A., a bank affiliate of Wells Fargo “Tin Whistle Class: - Students will be taught the basics
& Company.
a dependable income stream. Another benefit? The of reading music and how to play tunes on a tin whistle.
stocks can yield some favorable tax treatment. Our firm does not provide legal or tax advice. Each student receives a tin whistle and an introductory
“It’s going to depend on your tax situation,” Pickle This article was written by/for Wells Fargo Advisors book to bring home. Mike Carroll is the instructor. Two
says, “but in general, you may have a relatively lower and provided courtesy of Christopher J. Carbone, CFP®, identical two-hour classes are offered, at noon on Nov.
tax rate for dividends compared to income gained by AWMA®, LUTCF® First Vice President - Investment 9th and Nov. 30th. Each class is capped at 10 students.
selling investments.” As long as the dividend-paying Officer - Financial Advisor in New Hartford, NY at “Bodhran (Irish drum) Class - Students will be taught
stock meets IRS requirements for a qualified dividend, (315) 723-7386 the basics of how to play the bodhran (Irish drum).
the dividend is taxed at the lower long-term capital Investment and Insurance Products are: • Not Insured Students can bring their own bodhran, but additional
gains tax rate instead of being taxed as regular capital by the FDIC or Any Federal Government Agency • Not bodhrans will also be on hand. Sue Romero is the
gains income. “So an investor could receive income a Deposit or Other Obligation of, or Guaranteed by, instructor. This class, taking place at 11 AM on Nov.
from a dividend-paying stock without selling the stock the Bank or Any Bank Affiliate • Subject to Investment 30th, is capped at 10 students.
and have a lower tax bill compared to that of a non- Risks, Including Possible Loss of the Principal Amount “Family Stories, Genealogy and the History and Art
dividend-paying stock, which must be sold to receive Invested of Storytelling” - Thanksgiving is all about family (and
income,” he says. Wells Fargo Advisors is a trade name used by Wells pie), sitting around the table, sharing stories from the
2. Who should include dividend-paying stocks in Fargo Clearing Services, LLC, Member SIPC, a “old days” and making new memories. Armed with the
their portfolio? registered broker-dealer and non-bank affiliate of Wells information and tools presented at this workshop, the
Many types of investors have the potential to benefit Fargo & Company. students will come to the Thanksgiving dinner table
from dividend-paying stocks. “But these stocks may ©2022 – 2023 Wells Fargo Clearing Services, LLC. All primed for conversation, with questions for their aunts,
be more valuable for investors who are a bit older rights reserved. CAR: 0723-01137 uncles, and grandparents as they start to build their
— maybe those in retirement or close to retirement own family tree. The class, facilitated by Patty Foley, is
who really value a more reliable income stream,” at noon on Nov. 16th, and is capped at 20 students.
Pickle says. “I think they’re typically beneficial from There is no charge for these classes, which is being
a diversification perspective, especially when interest offered to children of all ethnicities aged 10-14. As
rates are low. Dividend-paying stocks tend to have an each class has limited seating, advance registration is
inverse relationship with interest rates: When interest required, at https://bit.ly/3Ym1kBP. Lunch will also
rates go down, you may see some of these dividend- be included for the students. Parents/guardians are
welcome to attend any of the events (they won’t count
against the cap, but will have to pay for their own
lunch).
This youth programming series, aimed at introducing
Retirement — irst get to it. young people of our area to the history and culture of

Then get through it. Celebrating our 150th Ireland, is funded through the auspices of a Legislative
Initiative Program grant, secured by Assemblywoman
Making it to retirement these days is no small feat. And Marianne Buttenschon, and is being administered out
once you arrive, you’re not done. Contact me today so year of business!! of the New York State Office of Children and Family
we can help keep your income stream lowing through Services.
the next chapter. Upcoming classes in the series include “Ogham
Auto-Home-Business-Life
writing” – the ancient alphabet of Ireland; “Make-and-
Christopher Carbone, CFP®, AWMA®, LUTCF® Take: Create a Christmas Angel,” a creative “Children
First Vice President - Investment Oicer
CERTIFIED FINANCIAL PLANNER™ 315-735-9201 Designing for Children” Challenge Workshop, and
178 Woods Park Drive more. In an effort to make the workshops easily
Clinton, NY 13323
Direct: (315) 801-2546 accessible, they will be held on Saturdays and/or school
christopher.carbone@wellsfargoadvisors.com www.turnbull-insurance.com holidays.
https://fa.wellsfargoadvisors.com/christopher-
carbone The H.A.R.P. Museum at the Irish Cultural Center
of the Mohawk Valley, located at 623 Columbia St. in
Investment and Insurance Products:
NOT FDIC Insured NO Bank Guarantee MAY Lose Value Utica, NY, is a nonprofit organization that promotes
understanding of Irish Culture and the legacy of the
Irish people who settled in the Mohawk Valley. H.A.R.P
Wells Fargo Advisors is a trade name used by Wells Fargo Clearing Services, LLC, Member
SIPC, a registered broker-dealer and non-bank ailiate of Wells Fargo & Company. stands for “History, Ancestry, Research, and Programs.”
©2023 Wells Fargo Clearing Services, LLC. CAR-0323-04468