R E T I R E M E N T I N S I G H T
MONTHLY NEWS AND INFORMATION FOR CURRENT AND FUTURE RETIREES
“Nothing in life is to be feared, it is only to be understood. Now is the time to understand more, so that we may fear less.’”
– Marie Curie
Your Knees Need Your Care
How can you strengthen your knees? Try some simple knee extensions. Keeping your back straight, step forward with one foot, until the front knee is at a right angle. Begin by doing a set of 20 for each leg. Holding small dumbbell weights with your hands at your side can increase the intensity.
A Sticky Puzzle.
DID YOU KNOW?
Robots have classical roots
Archytas, the Greek mathematician regarded as the father of mechanical engineering, built an artificial bird in the 4th century B.C. that qualifies as the first robot. It was made out of wood, powered by steam, and suspended from a pivot bar. Records show that it “flew” roughly 650 feet.5
NEED TO CATCH UP ON RETIREMENT SAVING?
If life events have hampered your retirement savings effort, what can you do to get back on track and improve your prospects for the future?
You have some options. If you will be 50 or older in 2016, you can take advantage of the catch-up contribution rules on retirement accounts. As an example, the limit on annual 401(k) and 403(b) deferrals is currently $18,000 for most people, but $24,000 for people 50 and older. You can also free up money that can be directed into savings by reducing your revolving debt and your housing and transportation costs. Accept the fact that you will need to invest for growth and assume risk in doing so. An overly conservative investment approach may thwart your potential to boost your savings. A balanced portfolio may provide some insulation in downturns as well as strong potential for gains as the market rises.1
Desperation can plague boomers with scant retirement savings, but you do not need to succumb to it. Refrain from directing your money into investment opportunities that seem too good to be
BABY BOOMERS SET A NEW RECORD FOR CHARITABLE GIFTING
In 2014, donations to U.S. charities and nonprofits reached an all-time peak of $358 billion according to Giving USA. The 2015 total has not yet been compiled, but it is expected to be larger.
A recent AgeWave/Merrill Lynch survey shows that retirees are the most charitably inclined demographic. Seventy
ON THE BRIGHT SIDE
This material was prepared by MarketingPro, Inc., and does not necessarily represent the views of the presenting party, nor their affiliates. This information has been derived from sources believed to be accurate. The publisher is not engaged in rendering legal, accounting or other professional services. If assistance is needed, the reader is advised to engage the services of a competent professional. This information should not be
construed as investment, tax or legal advice and may not be relied on for the
purpose of avoiding any Federal tax penalty.
*TRIVIA ANSWER: Stumped? Contact me for the answer!
1 – money.usnews.com/money/personal-finance/mutual-funds/articles/2015-12-16/9-tips-for-investors-getting-a-late-start-on-retirement-savings [12/16/15]
2 – tinyurl.com/js8vsns [7/25/15]
3 – thestreet.com/story/13404202/1/charitable-donations-hit-new-record-as-baby-boomers-join-mark-zuckerberg-in-giving.html [12/21/15]
4 – forbes.com/sites/steveforbes/2015/05/06/good-news-you-wont-retire-broke/#2715e4857a0b3e702e5940a4 [5/6/15]
5 – todayifoundout.com/index.php/2010/10/the-first-known-robot-was-created-around-400-bc-and-was-a-mechanical-bird/ [10/23/10]