Social Security Matters

REICH: Hands off Social Security, Medicare and Medicaid – Chicago Sun-Times

4 Questions to Ask Yourself as You Plan for Retirement | Social Security Matters


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State of Retirement

Here Are the Best — and Worst — USA States where to Grow Old

Welcome to the age of ‘million-dollar poverty’ – A cool $1 million has long been considered the gold standard of retirement savings, yet these days, it’s only a fraction of what you will really need – Read more…

– Three Smart Strategies to Finance Your Home in Retirement | Want to live abroad? Here are the 5 easiest places to relocate – Read on to see what International Living ranks as this year’s top 5 easiest places to move abroad for retirement or just for a change of pace – Annuities as retirement savings options: The good, the bad and the ugly – Cash-strapped seniors should weigh pros, cons of reverse mortgages

Baby Boomers: Take a page from Daffy Duck and his stash of gold | How a quarter-point rise in interest rates can hit your wallet | The mistake that will upend your retirement security | The new retirement is … not to retire | Many Americans are woefully unprepared for a surprise medical expense | Best cities for your ‘anti-retirement’

STRAIGHT TALK FROM THE CNBC MONEY EDITOR


Back in the “good old days,” you worked until you reached 65. You had a party, got a gold watch, said farewell to your fellow employees and never looked back. You had a pension, Social Security benefits and some savings, and could fund a reasonably comfortable retirement. Sadly, those days are gone and they are never coming back.

Pension plans have given way to 401(k) plans, and there are concerns that Social Security will no longer be a sure bet. To make matters more “interesting,” many Americans are retiring with small nest eggs and little income to live on. In fact, 80% of “average American workers” said they “cannot save enough on their own to guarantee a secure retirement,” according to a National Institute on Retirement Security survey. Since knowledge is power and information is liberating, the CNBC personal finance team will continue to supply our audience with high-level, reliable and useful content to help them make smart retirement investment and planning decisions. This will help them generate the income they’ll need in those Golden Years.

For more cool stuff, follow me (Jim Pavia) on Twitter  @jimpavia

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Jim Pavia
Money Editor
@jimpavia

Millionaire retirees: Here’s what’s even better than saving $1 million – A couple that saved $1 million to retire at age 43 share the first steps they took | Why investors may need to lower their sights | The Future Way of retirement and work by 2024 – The retirement plan for people who never retire – Boomers Fueling a Boom In Low-Volatility ETFs | 5 Baby Boomer Retirement Trends | Are We In a Baby Boomer Retirement Crisis?

  1. Retirement Communities 55 – TollBrothersActiveLiving.com
  2. Del Webb Community Homes – DelWebb.com
  3. Edmond, OK Senior Living | Touchmark at Coffee Creek
  4. Bend, OR Senior Living | Touchmark at Mt. Bachelor Village

 

 

 

As I age I find myself being just a little bit more retired each day. Retirement came to me as an evolution, certainly well planned for in my younger years, but I never had an exact finish line established. I guess the best description I can muster; is that I fell over the finish line and life retired me.

The following will detail the aforementioned statement as best I can, whereby I view this current state of retirement a decline of my participation in history which somehow must be changed to continue contributing and shared efforts for the future way. HOWEVER, first I want to describe “Connection Behavior,” the details of this topic can be found in its own post @ Connection Behavior.

The number of people living to 90-years or older more than doubled in the U.S. from 720,000 in 1980 to 1.5 million in 2010 and may swell to 9 million by 2050, according to a 2011 report from the U.S. Census Bureau and the U.S. National Institute on Aging.

Most are redefining retirement to fit their own needs and interest. Finding it impossible to predict the future way, many are learning to manage the future. Solid savings, low overhead, conservative investment portfolio, healthy lifestyle all help define a better more robust retirement. Mostly you must be nimble to embrace change and modify your lifestyle to better align with challenges. Some love to travel, others keep busy with part-time work learning, or business. Keeping active with hobbies or joining clubs can be rewarding. Many find the online world a good way to keep the mind active without much travel.

Retirement for me personally has become merely another chapter of life, with perhaps an alteration of the prior chapters of my life, and retiring or reducing those parts which have been somewhat completed or I just don’t have the energy or capacity to perform any longer. It appears that we tend to learn from our personal history, however we do make that history a little bit better as we carry with us into the future. The past to me is somewhat vague, I want to learn from my past, to reroute the not-so-good events and place as much energy as I can going forward on creating new EXCELLENT events for me and others.

One of the best features of retirement for me is to NOT be locked into a day-by-day EXACT routine. Presumably retirement describes at least some sort of releasing the wage-earning and people-rearing requirement of each day. Thus freeing ( FREEDOM ) me from the decades of day-in/day-out reactions to family, friends and work.

The selfishness now of not giving my all moment-by-moment to others, has now become precious to me – my own personal remaining moments of living time are mine to use wisely.

I have chosen to use some of these precious personal remaining moments to mentor my friends & family – FRAMILY. Young or old, either gender, friend or the most personal family member can benefit from mentoring. I learned a lot of what NOT to do from the mentoring of my elders, and that kept me from the pitfalls of many severe disasters. So I will discuss the pitfalls & benefits in the following of mentoring friends & family, obviously the entire human race is out there and a possible candidate for mentoring, but that requires a more robust infrastructure to implement and I will stick to the discussion of friends & family in this particular post.

One big hurdle to jump is the Direct Connection Behavior issue. As you leave the daily workforce, and your children become adults and live their own life sometimes thousands of miles away from you, and your friends are not expecting you at a moments notice to join them for lunch since either you or they (or both) have moved away from each other – you must establish a way to keep a Direct Connection Behavior with only intermittent 1-on-1 personal meetings, telephone call, letter, email or text interactions. Thankfully technology can provide some solutions to keep us all in touch, but the interactions with these people which you had direct minute-by-minute contact with fades and you must do your best to be aware of the communication changes and gaps of understanding or appreciation of the communication. I realize many of my remaining framily members are now much better at providing me feedback, so I can understand whether or not they feel there is a benefit or if they rather be just social or perhaps fade away completely. I have experienced about a 50% reduction in the contact with my heretofore daily interactions, but clearly established going forward a mutual benefit of those that appreciate the mentoring.

My guess is that just a very small behavior change penetrating into the soul of the unsuspecting, from the thoughtful mentoring efforts can change the world.





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Nothing Saved

50 And Nothing Saved For Retirement: What To Do, Where To Start


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Fiduciary Rule

The fiduciary rule is now in effect: What you need to know [Video]


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Estate Planning & Doing

Why I am giving my children their inheritance now


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Sgt. Peppers

Hear A Rare Outtake From The Beatles’ ‘Sgt. Pepper’s’ Recording Sessions : All Songs Considered : NPR
Newly Released Beatles Outtake From ‘Sgt. Peppers Lonely Hearts Club Band


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Financial Abuse

Declaring war on financial abuse of older people


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Medical Supplies $50 Off

Receive $50 off your order of $600 or more with coupon code “AFFSPRING50”. – spend $99 and receive free shipping!


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Medicare/Medicaid Threat

Former CBO Director: Americans can’t Rely on Medicare or Medicaid

[Medicare] [Medicaid]


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Social Security Reviews

Retirement Pixabay
Authentication – The White House and Equifax Agree: Social Security Numbers Should Go

Trump’s Budget Won’t Touch Entitlement Programs, Mnuchin Says | David Asman: Your Social Security checks aren’t safe from the prying hands of big government | Last Year’s Medicare ‘Doc Fix’ Is Already Breaking Down–Here Are Some New Fixes | New ‘doc fix’ won’t cure ailing Social Security checks

Very simply stated… provide MORE profitable choices – reduce the beginning eligibility age to draw early benefits (both Social Security & Medicare) by a decade, whereby ALSO reducing the benefit payouts accordingly – 2016 Summary Report – After 2019, interest income and redemption of trust fund asset reserves from the General Fund of the Treasury will provide the resources needed to offset Social Security’s annual deficits until 2034, when the reserves will be depleted.

Thereafter, scheduled tax income is projected to be sufficient to pay about three-quarters of scheduled benefits through the end of the projection period in 2090. The ratio of reserves to one year’s projected cost (the combined trust fund ratio) peaked in 2008, declined through 2015, and is expected to decline steadily until the trust funds are depleted in 2034 – The 2016 OASDI Trustees Report | Social Security’s looming $11 trillion shortfall | Sam Johnson Unveils Plan to Permanently Save Social Security – The Social Security Reform Act of 2016

UPDATED(10/27/2016@09:10 Pacific Time)Robert Reich, Alan Simpson Take On Social Security, Debt Problems

UPDATED(03/06/2016@09:10 Pacific Time)$2,639/monthly-max 20 Things You Should Know About Social Security

UPDATED(08/25/2010@09:10 Pacific Time)Alan Simpson: Social Security Is Like a “Milk Cow with 310 Million Tits!”


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