Tag Archives: retirement

#Retirement is Seeing a Play at 12noon on a Weekday! #retire #over50 #50plus

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What’s on your bucket list? One of my bucket list items is to see a professional play in the middle of the day! We belong to a free discount service called TravelZoo, which advertised play tickets for 50% off at the historic Ford’s Theater in Washington DC. My husband prefers to go out in the daytime, so we found a 12 noon performance of “Jefferson’s Garden” for $15 per ticket! We ate a big breakfast and headed downtown for our mid-day adventure! We were curious about the ages of the attendees. We assumed we would see mostly senior citizens, but we were surprised when we saw a range of ages.

Ford’s Theater was the site of the assassination of U.S. President Abraham Lincoln on April 14, 1865. The museum offers tours of exhibits on Lincoln’s presidency, the Civil War, and the moments leading up to his assassination. The tickets are only $3 for the tour, so it’s a great deal to experience a slice of history.

We love being able to enjoy activities on weekdays when the traffic is light, the crowds are light, and the tickets are cheap! The only downside to the experience was the seating. There isn’t much room in front of you, and the chairs don’t have much cushioning or lumbar support.

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What to Do About Choppy #StockMarkets! #retired #retirement #over50 #50plus

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If you are retired, or within a few years of retiring, the recent volatility in the stock market must be unnerving … Retirees depend on their savings and investments to fund their lifestyle. Any risk to their nest egg raises red flags! For years and years you work to save for retirement, and one stock market crash can cut in it half! What to do?

  1. Don’t panic and sell into the crash. Remember — a loss is not a loss until you sell.
  2. Think long-term. It may take years to recover from a stock market crash, but as Mitt Romney said, “the market always comes back.”
  3. Calculate your annual living expenses and make sure you always have 2 – 3 years of living expenses saved in an FDIC-insured account.

We are old enough to remember the stock market crash of 1987. We were just starting out in our careers. On Monday, October 19, 1987, my husband called me around 4pm in the afternoon. He whispered to me, “the stock market lost over 500 points on the Dow.” The Dow Jones Industrial Average was only 2,246 points prior to the crash, so a loss of 500 points was a significant loss! At that time, we had a retirement account invested in Legg Mason Value Trust, a mutual fund. The mutual fund lost a third of it’s net asset value on that day. We panicked and sold the mutual fund the next day. We learned a valuable lesson: Stick it out because eventually the market will recover. To learn more about mutual fund investing, click Bogle On Mutual Funds: New Perspectives For The Intelligent Investor (Wiley Investment Classics).

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Saying Goodbye to Your #Career … #retire #retirement #retireinspired

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When I left my job for the last time, I drove away with a tear in my eye. I played a sad song on the CD player, drove down the street, and prayed that I made the right decision. My mind still wanted to work, but my body was tired. Job stress was affecting my health. When I was younger, I could ignore or shake off the stress. In my mid 50s, I started feeling the effects of stress. I had to make a choice between the nice paychecks and my health/life. I had worked so long and hard to establish my career, and advance through the corporate ranks. I didn’t want to give it up, but I had to. I did not want to push the limits, and end up on a gurney in an emergency vehicle heading to the hospital! I wanted to walk away on my own terms with my head held high.

It has been one year since I retired. I don’t regret my decision at all. During the past year, my focus has been my health. Every single day, I focus on getting enough rest, eating right, drinking lots of water, exercising at least 30 minutes per day. I try my best to stay calm, but I have had some challenges. My husband and I retired at the same time, so we are both in the house at the same time (smiles). It is a huge adjustment. We talk alot so we can work though the logistics, misunderstandings … The one thing I miss about the workplace is the social interaction. I miss some of my co-workers, so I try to stay in touch via email, and having lunch every now and then. For a delightful book on getting older and better, click Over 60 and Picking Up Speed: A Spring Chicken Tells How Not To Make A Career Out of Growing Older. For more on mid-life career changes, click Mid-Life Career Rescue Series Box Set (Books 1-3):The Call For Change, What Makes You Happy, Employ Yourself: How to change careers, confidently leave … you hate, and start living a life you love,.

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#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. To learn more about bull and bear stock markets, click Stock Market 101: From Bull and Bear Markets to Dividends, Shares, and Margins―Your Essential Guide to the Stock Market (Adams 101).

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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.

 

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Williamsburg’s New Town! #retire #retirement #williamsburg

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Join us at thefiftyplusnetwork.com as we explore a new retirement community in Williamsburg, Virginia … It’s called Williamsburg New Town! New Town is a brand new community built on 365 acres of bucolic countryside in Williamsburg, Virginia U.S.A. It has homes for singles, families, and retirees, as well as medical facilities, restaurants, and entertainment venues. We ate dinner at the Bonefish Grill seafood restaurant, and then took a walk around the outdoor shopping promenade. Residences are within walking distance of shopping and entertainment venues. The center of the shopping area is a large fountain. To learn more about Williamsburg New Town, click here.

Williamsburg, Virginia is considered the birthplace of America. The first immigrants to America arrived at Jamestown in 1607. The Jamestown Visitor Center takes you back in time to the arrival of the first Europeans and Africans. Williamsburg also has other attractions such as:

  1. Colonial Williamsburg
  2. Busch Gardens
  3. Water Country USA
  4. Outlet Shopping

If you are looking for a retirement home, consider Williamsburg. It is a slower pace, the people are very friendly, the food is excellent, and it is visually appealing!

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#Retirement is Good 4 Your #Health! #retireyourway #retireinspired

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The statement “Retirement is Good for Your Health” seems like a no-brainer … Of course it is … Well, now we have empirical proof from the National Bureau of Economic Research that shows how much of a good thing retirement can be for all of us! Naturally, it is important to take care of your physical and mental health. It is also important to stay engaged with a social network. Too much time alone can lead to loneliness. For more details, click here.

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Ladies — Prepare for #Retirement! #womenover50 #womenover40 #retire

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Women have special considerations when it comes to planning for retirement. Why? Here are 3 reasons:

  1. Women have a longer life expectancy
  2. Women “traditionally” have allowed their husbands to control the finances
  3. If a woman has children, she may have been out of the workforce due to child-bearing and childcare

According to the Center for Disease Control, the average life expectancy for women is 81, and for men it is 76. Therefore, women need to know how to manage their finances, and women need to prepare for a longer retirement! Women should be actively involved in managing the household finances. Women should know about all bank and investment accounts, insurance policies, real estate owned, automobiles, precious metals. Women also need to know about liabilities such as mortgages, automobile loans, personal loans, and credit cards. The best way to search for assets and liabilities is to order a credit report. For more on the importance of financial literacy for women, click here. To learn more about the affect of child-bearing on women’s wages, click here. For details on preparing for retirement, click here.

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What is “Cost” of Keeping Your Nest Egg in Cash? #invest #investing

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As you approach retirement, one of your biggest concerns will be what to do with your nest egg. Inflation and market volatility can eat away at your nest egg. It is crucial that you:

  1. Do your research
  2. Develop your plan
  3. Execute your plan
  4. Monitor and adjust your plan based on the economy, market performance, and your financial needs.

If you are a very conservative investor who abhors risk, you may be tempted to keep all of your nest egg in cash, such as bank deposits, certificates of deposit, and money market funds. If that is your plan, the following article discusses the “cost” of keeping your nest egg in cash. For details, click here.

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5 Ways to #Refresh & #Rejuvenate at the #Beach! #fitness

Going to the ocean is like going back to the source. Watching the waves crash to shore, feeling the sand vibrate and move beneath your bare feet, shows the powerful force of the ocean. Watching, listening, and feeling the power of the ocean is mesmerizing. Whenever we want to refresh, rejuvenate, and reduce stress, we head to the ocean! Here are 5 ways to refresh and rejuvenate at the beach:

  1. Take a deep breath of salty air. (Inhale and count to 7. Hold for 7 seconds. Blow out while counting to 7.)
  2. Dig your toes into the wet sand.
  3. Close your eyes and listen to the waves crashing to shore.
  4. Get up early and watch the pelicans hover over the ocean looking for breakfast.
  5. Watch the dolphins play in the morning. Virginia Beach has schools of dolphins that are very active in the morning. At the Ramada Inn on the north end, we could eat breakfast and look out of the huge picture window to see the dolphins! How exciting!

To save money, take a day trip to the beach. If you can drive to the beach in 4 hrs or less, make the trip and come back the same day. When I was a child, my Dad loved taking us to Ocean City. We would wake up on a summer Saturday morning and he would say, “Ready for the beach?!” Of course we were! We grabbed our towels and pillows, and raced to the car! Great memories …

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