#Retirement Planner Recommends 2-3 Yrs of Living Expenses for #Retirees!

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We got up at 5:30 am on Saturday morning to attend a retirement planning seminar. The most important advice imparted by the speaker was the following: Retirees should have 2 – 3 years worth of living expenses stashed away for emergencies! Why? The reason is that it takes 3 years (on average) to recover from a bear market. What is a bear market? Think back to the Autumn of 2008, when the stock market dropped 50% over a 6 month period of time from September 29, 2008 to March 5, 2009. That was the beginning of the bear market. The speaker said that it usually takes about 3 years for the economy to recover from a bear market. Therefore, it is crucial to retirees’ survival to have 2 – 3 years of living expenses to pay bills, and stay afloat. If a retiree has to spend down their retirement accounts to pay bills, they may have to sell stocks or mutual funds at depressed prices. In farmer parlance, that is called “eating your seed corn.”

Where To Stash Emergency Fund?

When saving for the emergency fund, the speaker advised safe bank accounts insured by the FDIC. Brick and mortar banks pay less interest than online banks, but pre-retirees and retirees are most likely more comfortable with brick and mortar banks. It is reassuring to know we can reach our brick and mortar bank in a few minutes, and access our funds.

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Squats + Shoulder Presses = Total Body #Workout! #health #healthy

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I used to work with a young man who had a sideline business as a personal trainer. He told me that the best exercise anyone can do is squats. Squats work our largest muscles, which are our leg muscles. When we workout our leg muscles, it burns the most amount of fat. Therefore, at least twice per week, I do 3 sets of 10 squats. To work my upper body, I hold 3 pound weights and do shoulder presses when I stand up. The effect is a total body workout! In between the squats, I walk to give my muscles a break. It’s an efficient use of time because it only takes a few minutes, and an effective workout because it works the largest muscles. My goal is a 30 minute workout, which includes the 3 sets of squats and walking. Let’s get healthy at The Fifty Plus Network!

Of course, check with your doctor before beginning any exercise program. Alert1 Medical Alert Systems has a variety of senior care technology products to alert your loved ones or 911 if you have a medical emergency.

If you are over 50, have you discovered health and exercise tips? If so, please share your tips by joining us at thefiftyplusnetwork.com!

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Stretch Your Body! Move Your Body! Otherwise … #health #healthy

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For new retirees, one of the most important activities to incorporate into your TDS is exercise. Why? If you are spending more time around the house, chances are you are less physically active than you were when you were working. Less physical activity leads to stiff joints. Stiff joints lead to pain. What’s the solution? Move your body! Start with daily stretching. Stand up, spread your feet about 2 feet apart, and raise your hands as high in the air as you can. Feel the stretch from your fingertips all the way down to your toes! Hold the stretch for 30 seconds. Then, bend over at your waist and try to touch your toes. If you cannot reach your toes, do the best you can. Hold the stretch for 30 seconds. For 7 early morning stretches, click here. After stretching, it’s time for a 10 minute walk to get your juices flowing! If you can go outside for your walk, great! If not, walk around your home, or up and down the stairs. You can even walk in place while watching TV! We try to walk for at least 10 minutes after every meal. Walking after every meal provides 3 benefits:

  1. Walking helps with food digestion
  2. Walking increases metabolism
  3. Walking burns calories

Before starting your walk, make sure your ankles are flexible and strong by performing the following ankle stretch:

Of course, check with your doctor before beginning any exercise program. Alert1 Medical Alert Systems has a variety of senior care technology products to alert your loved ones or 911 if you have a medical emergency.

 

Have you recently retired and discovered health tips for new retirees? If so, please share your tips by joining us at thefiftyplusnetwork.com!

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Consider #RealEstate for Your Next #Career or #Business! #over50 #50plus

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Do you like looking at houses? Do you keep track of the good schools in your town or city? Are you aware of the good neighborhoods and not-so-good neighborhoods in your city or town? When you see a home for sale or a new residential development, are you curious about the asking prices for the home(s)? If you answered yes to any of these questions, real estate might be a good career or business choice for you! According to CNN Money, the U.S real estate market is hot again! Interest rates are still low, and unemployment is at a 10-year low of 4.5%. This might be the perfect time to consider a career or business in real estate. Typically, when we ponder a career in real estate, we automatically think “real estate agent.” However, there are many different types of careers or businesses in the real estate industry, such as:

  1. property manager
  2. rental manager
  3. real estate investor
  4. real estate analyst
  5. property maintenance (cleaning, painting, repairing, installing)
  6. home inspector
  7. mortgage broker
  8. insurance agent

Some of the aforementioned careers or businesses require a license or certification. Other careers or businesses require no official credentials, such as property management, rental manager, and real estate investor. “Over50” individuals have decades of experience, which can be the most important factor when considering a career or business in real estate. To determine if real estate is the right business for you, click here. To learn more about career opportunities in real estate staffing, consulting, mergers and acquisitions, click here.

Are you looking for a second career or business? If so, please share your thoughts by joining us at thefiftyplusnetwork.com!

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For #Over50 > Hold Onto Stair Railings! #50plus #avoidfalls #avoidfalling

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I am learning how important it is to hold onto the stair railing when going up and down the stairs! During the past week, I have tripped going up the steps, and missed a step when running down the steps … not good. Fortunately, I was holding onto the railing each time. Last summer, for the first time in my life, I slipped and fell in the shower at a hotel! Thankfully, the shower door had a handle bar, which I quickly grabbed. Otherwise, I would have cut myself and/or broken bones! At that point, I knew I was no longer a spring chicken! Have you ever noticed how careful President Trump is when he goes up and down the stairs? He actually looks at the stairs and steps very carefully. For the over 50 nation, it may not be natural to step carefully, but it should be. As we age, we don’t lift our feet up when walking, like we used to … Our reflexes have diminished too, so it is necessary to be very careful and conscious of where we are stepping. Another way to prevent falls is to improve your balance. Several years ago, when I was in physical therapy for back pain, the therapist demonstrated a method to improve balance.

  1. Stand up, look straight ahead and focus on on object in the distance.
  2. Place you hands into a praying position.
  3. Bend your left knee and raise your foot off of off the ground.
  4. Hold for 30 seconds (or however long you can hold it).
  5. Gently place your left foot down onto the ground and follow the same process with your right leg.

Of course, check with your doctor before beginning any exercise program. Alert1 Medical Alert Systems has a variety of senior care technology products to alert your loved ones or 911 if you have a medical emergency.

Do you have any tips to prevent falls? If so, please share your tips by joining us at thefiftyplusnetwork.com!

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Great Workout for #Over50 Men & Women! #menshealth #health

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Looking for an inexpensive exercise that gets your blood pumping all over your body, and releases pent-up stress, anger and aggression? Hit the speed bag and/or punching bag! After a long, hard day, your adrenaline is pumping, and what better way to release it than boxing? Pretend the bag is the one person in your life that gets under your skin, and hit that bag! Boxing has many health benefits such as hand-eye coordination, enhanced cardiovascular health, and stress relief. A bonus benefit is that boxing is an inexpensive workout that you can perform at home! You can start with shadow boxing, where you imitate your favorite boxer, move your feet and hit into the air. Next, you graduate up to a speed bag, such as a Everlast 6-Piece Platform Bag Set for less than $60 bucks. Install the speed bag in your man cave, and go for it! The next level up is the punching bag, which typically weighs 70 pounds, so you need a sturdy beam to attach it to. If you don’t have a sturdy beam, you can get a freestanding punching bag such as Everlast PowerCore Freestanding Heavy Bag.


Of course, check with your doctor before beginning any exercise program. Anyone over the age of 50 has to be careful about going overboard and putting too much stress on their heart and cardiovascular system. Alert1 Medical Alert Systems has a variety of senior care technology products to alert your loved ones or 911 if you have a medical emergency.

Do you have any health tips for men and women over the age of 50? If so, share your tips by joining us at thefiftyplusnetwork.com!

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5 Tips for Successful #ProjectManagement! #careeradvice #careers

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If you are over 50, you may be at the peak of your career. The most successful Project Managers have years of experience under their belts. They have seen it all! A successful Project Manager always shows appreciation and gratitude to his team for a job well done! How do you successfully manage a project to achieve the desired results? We have 5 tips:

  1. Pick a Great Team
  2. Manage Your Budget
  3. Understand Your Customer’s Needs
  4. Manage Your Schedule
  5. Manage Risks

How to pick a great team?

Focus on skills and personality. Team cohesion is critical. The Myers Briggs Type Indicator will help you adjust your management style based on a team member’s personality.

How to manage your budget?

Closely track expenses on a regular basis. The Earned Value Management System (EVMS) integrates costs, schedule, technical accomplishments and risk on a project. It can be painful, but it forces adherence to available resources.

How to understand your customer’s needs?

Maintain close and regular contact with your customer. Using the Agile Methodology incorporates periodic demonstrations and customer feedback.

How to manage risks?

Identify all possible risks and develop plans to mitigate each risk. Risk management sounds boring and unnecessary because you are planning for something that may never happen. However, if catastrophe strikes, you must be prepared!

Do you have any tips for successful project management? If so, share your tips by joining us at thefiftyplusnetwork.com!

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5 Steps to Take Control of Your Medical Care! #health #healthy

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If you are in your 50s, you have seen many doctors in your lifetime. The 50s are a critical decade because that is when the “chickens come home to roost.” If you have been health-conscious all of your life, maybe you can escape your 50s without too many medical problems. However, if you are like most people, and you ate what you wanted, drank what you wanted, and never got enough sleep or exercise, chances are you will experience a medical warning in your 50s! Washington Post contributor Sandra G. Boodman wrote an excellent article on examples of medical mysteries that occur for various reasons. She listed the following steps to reduce your chances of becoming a medical mystery:

  1. Get a Copy of Your Medical Records
  2. Be Persistent and Follow Up
  3. Don’t Go Alone
  4. Come Prepared
  5. Trust Your Instincts

Medical Records

When my gynecologist retired a few years ago, I asked for a copy of my medical records to give to my new gynecologist. I had been seeing my old gynecologist since I was 16, and when he gave me my medical records, there were only 3 – 4 pages! I asked him about the rest of the records, and he said there would be a $50 charge for him to copy  all of my medical records. I felt it was very important for my new gynecologist to see my entire medical history, so I paid the $50 and gave the big stack to my new gynecologist so she could determine what was important for her to keep.

Be Persistent

Whenever I get bloodwork or any laboratory tests performed, I call in a few days and ask for a copy of the results. My spouse is just the opposite, who figures if there is anything wrong, the doctor’s office will call. According to Ms Boodman’s article, this is not always the case. I have had to “encourage” my spouse to be more proactive and follow up with the doctor’s office for test results.

Don’t Go Alone

I am a very independent person, so I have never thought twice about going to the doctor’s office alone. However, now that I am in my 50s, I realize that it is very important for someone else to know my medical history. A medical emergency can occur, and someone else needs to know what medications you take on a regular basis, and an overview of your medical history.

Come Prepared

Since you only get a few moments with your doctor, it is important to make the best use of your time! Before your appointment, make notes about your questions, symptoms and concerns. After your appointment, jot down the doctor’s answers to your questions, so that you won’t forget! Also, take a copy of your medical records and/or lab test results that you think may be related to your medical concerns.

Trust Your Instincts

If you have a gut feeling that something doesn’t seem quite right, get a second opinion! Listen to your intuition! The Internet is a valuable resource. I use it to search for prescription drug side affects. If I plan to see a new physician, I search the Internet for reviews. When I needed to have surgery, I searched for the top surgeons in my geographic area. Two names popped up and I searched for reviews on their names. One of the surgeons had hundreds of online reviews attesting to his bedside manner, his willingness to answer questions, and his follow-up after surgery. I met with 3 surgeons, one of whom was world-renowned, one at Johns Hopkins University, and the one I found on the Internet. The world-renowned surgeon was in his late 70s and was not willing to answer questions. The surgeon at JHU was recommended by my spouse’s co-worker, who recently had surgery. He was nice enough and answered my questions, but he didn’t have the number of surgeries under his belt. The medical literature stresses that the number of medical procedures a surgeon has performed is an important evaluation factor. The surgeon I found on the Internet, who was listed in Washingtonian Magazine’s Top Doctors, met all of my requirements. He had performed more than 3,000 surgeries, had excellent bedside manner, and answered all of my questions without rushing me. My instincts told he that he was the one! Now that several months have passed since my surgery, I am extremely happy with my decision!

For more details on taking control of your medical care, click here. Join us at thefiftyplusnetwork.com as we take more control over our medical care!

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6 #Businesses to Start with Little to No Cash! #over50career #50pluscareer

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Even if you have a successful career, and are in the “over 50” category, it still behooves you to consider an additional stream of income. You never know when your employer might merge, initiate layoffs, or offer early retirement. Due to technological and geopolitical changes in the economy, businesses must adapt to a constant state of change. Sometimes businesses will add employees to account for extra demand for their products or services; and sometimes businesses will eliminate employees to reduce liabilities. Some jobs may be lost to the increased use of robots. Fast food restaurants are already using robots to replace humans. Geopolitical changes in the economy result from trade agreements negotiated with other countries, such as NAFTA. Typically, the first employees laid off are workers over 50 because their salaries and benefits are higher than younger employees. If you are over 50, it is prudent to prepare for uncertainty in the economy by creating an additional stream of income. To learn more about 6 businesses you can start with little to no cash, click here. For more on preparing for economic change, click here.

If you are over 50, and you are concerned about economic changes affecting your career or business, please share your concerns by joining us at The Fifty Plus Network:

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3 Reasons to Visit #Historic Places in Your #Hometown! #over50 #travel

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Do you like to travel? Most of us do! Have you ever thought about visiting historic places in your own hometown? Why would you do so? We have 3 reasons:

  1. Educational and Cultural Experience
  2. Inexpensive
  3. Time-Efficient

Educational and Cultural Experience

All cities and towns have historic sights … you just have to look for them. Start with the Wiki page for your city or hometown. It will provide the history for your area, and it will identify interesting historic sights to visit. It is an opportunity to learn something new and grow new brain cells!

For instance, the Wiki page for the Church of the Ascension and Saint Agnes indicates that the church was built in 1874. Imagine what the country was like in 1874, 9 years after the end of the Civil War. It gives you a perspective on life and where you are today!

Inexpensive

If you are visiting historic sights in your own city or hometown, transportation costs are minimal because you are driving or using local transportation. You may have to buy a ticket to tour the historic sight. If you are a senior citizen, ask for a senior discount!

The cobblestone streets and historic buildings near the historic statehouse provides a quaint and peaceful environment to explore … perfect for over 50 travelers.

Time-Efficient

If you are visiting historic sights in your own city or hometown, it should take less than 1 hour to arrive. Become a tourist in your own city or hometown!

If you are over 50, and you have visited historic places in your hometown, please share your experience by joining us at The Fifty Plus Network:

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