You’re certainly not alone. According to one internet site, 39% of those age 55 have only $25,000 saved for retirement.Rethink expectations – Stuff happens and sometimes priorities change. Right now as you look down the tunnel of your life I hope you are able to get the vision for a modest retirement. Not one of poverty, but one of modest means. Postpone retirement- you can significantly increase your social security payout by waiting until age 70 instead of taking money out at age 62. Over your expected lifetime you will still receive the same – and possibly more- by waiting on social security. Postponing also gives you more time to WORK, paying off debt and Save! – Instead of saving 5% for retirement get deadly serious and start saving 15%, 20% or an even larger amount of your income towards your future. (If you plan on increasing your savings in a retirement account, you may have contribution limits. You may want to talk to your trusted tax or financial professional regarding increasing those percentages.) You ‘can’t afford’ to save? What are you going to do when you have to live on a possibly much smaller monthly income? Get serious.Invest wisely- take advantage of any match if a 401k is available at work that provides ‘free money’ if you contribute. Free money is an amount of money and employer is willing to add to your plan if you put in a certain percentage. In addition watch closely your investment options. Make good decisions for your risk and keep careful track of the market. Don’t be lazy with old accounts from former employers. Roll those monies to an account with a financial advisor or into your own care and track that money.It’s not ideal but it’s not too late to have a pretty good retirement if you act now.Citations:My retirement blog – savings figureshttp://www.myretirementblog.com/average-retirement-savings-by-age.htmlHow much to save now- Pullman
Turbines On Land 2% (17 votes)Off Shore Wind Power 12% (104 votes)Neither 72% (658 votes)Both 14% (130 votes)
By- Dr. Amy MoviusRespiratory illness season (including influenza) is in full swing AND thereâ€™s a nasty stomach flu â€œgoing aroundâ€.Â I spent most of last night at the hospital attending to such patients while sincerely hoping not to acquire or spread these infections further.Â This involves a lot of hand washing and sanitizing.Â What hand washing, as a subject, lacks in sensationalism it makes up for in usefulness. Whether talking about the common cold or more serious infections, it is often the single most important thing you can do to keep from getting sick.Â Take a moment to think about everything youâ€™ve touched in the past hour, much less the past day.Â Infection causing germs can be transferred to your hands by everything you touch, which can then be transferred into your body by touching your eyes, nose, or mouth.Â Likewise, if you are carrying an infection â€“ knowingly or not â€“ it can be spread to other people in the same manner.Â As a whole, we are not as diligent at hand washing as we think we are.Â Take after using the bathroom, for instance.Â One study found that although 91% adults surveyed reported always washing their hands after using public bathrooms only 83% – or 4 out of 5 – were directly observed to do so.Â In a study of middle and high school students only 58% of girls and 48% of boys cleaned their hands after using the school bathroom.Â Â People admit to hand washing even less at home after using their own bathrooms despite the fact they are still bathrooms.Â Only 32% people surveyed reported washing their hands after covering a sneeze or cough.Â Â Below is a reminder list for when you should wash your hands.Â 1.Â Â Â Â Â After using the bathroom (or changing a diaper).2.Â Â Â Â Â After blowing your nose or coughing.3.Â Â Â Â Â Before touching food (eating, serving, preparing).4.Â Â Â Â Â After touching animals (including pets).5.Â Â Â Â Â After outdoor activities.6.Â Â Â Â Â Before and after visiting anyone whoâ€™s sick: think about using an alcohol sanitizer here as well.7.Â Â Â Â Â Any other time your hands are dirty.Â Below is the proper hand washing technique. Â 1.Â Â Â Â Â Use soap (any type is fine) and warm water.2.Â Â Â Â Â Be thorough â€“ wash hands, fingers, nails, wrists â€“ front and back.3.Â Â Â Â Â Wash at least 15 seconds (one round of â€œHappy Birthdayâ€).4.Â Â Â Â Â After rinsing well, pat dry with a clean towel.5.Â Â Â Â Â Use paper towels to turn faucets and door handles in public bathrooms.Â Frequent hand washing can cause skin to become chapped or dry.Â If you have this problem you still need to wash diligently but pick a mild soap and generously moisturize after each washing.Â If there isnâ€™t a place to wash, waterless hand soaps or scrubs are a good alternative to keep nearby. Please follow these guidelines to protect yourself and those around you.Â Â When needed, gently remind others to do so as well.Â Reference: www.kidshealth.org
Junior Achievement Provides financial education using volunteers from the community in lessons for kids. I have taught middle school students with lessons that have explain credit. Wow, is this a necessary program! Lesson book cost money and fundraisers are ongoing to expand the offering of these classes in more schools. I am most familiar with the middle school programs and have taught after some modification, the Savvy Shopper lesson. Focusing on cash and credit I would bring my old bag phone (here it is) and explain cash, debit cards, credit cards and the implication of spending decisions.Your twelve year-old doesn’t understand what you mean when she sees cash in your hand but you say “I don’t have money.’ Junior Achievement and in my modified Savvy Shopper lesson , I explain checking accounts, what you can expect to earn at various jobs, expenses, very basic budgets, and the cost of credit and the consequences of ‘buying on time, ‘as it used to be called. I use the bag phone as an example of buying something with credit, owing more than the simply the purchase price, paying well past the item is in fashion or technologically advanced as newer phones- as an example- become more sleek. You continue to pay for a very uncool item. Your budget is smaller as a result and when your friends are having fun you are paying for things you bought years ago.Other middle school lessons include learning about your credit score, choosing a career, and insurance.More classrooms each year want these programs in their schools so volunteers and donations are always needed. Your family or business can help. Contact JA today at:JA of Maine, Inc. 82 Elm StreetPortland, ME 04101Phone: (207) 347-4333Email: firstname.lastname@example.org
LIHEAP 53% (953 votes)Medicare 20% (362 votes)Defense 10% (186 votes)Social Security 17% (296 votes)
Less than 15% 14% (37 votes)15% 30% (79 votes)18% 7% (19 votes)20% 45% (116 votes)More 4% (10 votes)
Corrections regarding statements about high fructose corn syrup (HFCS): The controversy and common sense.By- Dr. Joan Marie PellegriniLast month I discussed HFCS in this segment. I have been doing this segment since 2000 and have never received any mail commenting on my segment. However, this segment generated two well-written letters from experts in Massachusetts and New Jersey. They wanted to point out a few wrong statements that I made and also wanted to point out that HFCS is safe and no different than any other sugar. It also seems there was some confusion that I may have implied that HFCS is there reason we are having such an obesity epidemic. I agree with the experts on most points. I stated that HFCS is sweeter than table sugar and this is wrong. I also stated that that HFCS has only been around since the 1990â€™s and this is also wrong. It became much more popular then but it has been around since the 1960â€™s.It is quite interesting to me how much controversy this segment generated. I was unaware of the controversy surrounding HFCS until friends of mine pointed out to me there are TV commercials that try to convince the consumer that HFCS is the same as any other sugar. A quick search of the medical literature with the term â€œfructoseâ€ reveals that there is some scientific excitement regarding this molecule. One of the main problems with studying nutrition is that there is little funding available. Pharmaceutical companies only pay for research that will generate a new drug and therefore have a potential for profit. The NIH and USDA have limited funds for nutrition research (probably less than 5% of that spent on cancer and heart disease. I have no study to quote here except a quick Google search.). Much of the â€œnutritionâ€ research that is being funded is looking at supplements and vitamins, not at true nutrition. Another problem with many of the studies is that the study participants are given an unrealistic diet and therefore the conclusions are not translatable to the real world.There are plenty of studies to show that HFCS is no different than any other sugar. However, there are also several studies showing the opposite. Why did the study that I mentioned come to the conclusion that HFCS is worse for you? One of the main problems with that study is that the participants were fed an unrealistic diet of pure fructose. This is quite different than HFCS. Because of the differences in study design, percentage and form of fructose, etc, it is quite difficult to make any certain conclusions from the available literature.Here are some points that are not controversial:1) Americans consume too much simple carbohydrates (sugars).2) Sugared drinks are a major problem .3) Many foods that you buy in the grocery store have sugar, honey, HFCS, or other sugars hidden in them.4) Fructose is absorbed and metabolized differently than glucose.5) A quick look at food labels will reveal the ubiquity of hidden sugars.6) The obesity epidemic is very complex. There is no one issue to blame and there is no one simple solution.When I chose to cover HFCS, I chose this topic as one of several that Iâ€™ve done over the years focusing on various aspects of our diet and goals towards healthy living. Although I made some minor incorrect statements, I stand by my original conclusions: HFCS is controversial and it may or may not be different than other sugars. However, limiting sugars and HFCS is just one small part of the overall program of healthy living. By no means should HFCS shoulder all the blame for Americaâ€™s obesity epidemic.
When I say ‘A man’s not a financial plan,” besides quoting the great free bumper sticker available from WIFE.org, I am not saying I dislike men. I have been happily married for more than thirty-five years and have two great sons. I AM saying that your financial plan is your individual responsibility and that you may not wait for a prince or your daddy to lift this job from your shoulders. and I have been married for more than thirty-five years but unless we ‘go through the Stargate together’ ( which is our silly way of saying we hope to die together), one of us may predecease the other and other marriages may end in divorce.Talk about money- You need to know what’s going on and bring your views to the joint money table. Different attitudes about money are important to share and help provide better security for both of you. You see things differently, and those views are each helpful.Map out your money plan- Make a budget for how the money is spent today and a plan for where you’ll live in retirement, how much your income will be at the phase of your life, and get your legal documents in place so that when trouble comes, you will be more able to manage the pain.Set priorities- Speak your mind about what’s important to you about money. Communication is not a perfect medium so use various approaches to make your point heard. Be willing to compromise on issues on which you feel more flexible. Examine your attitude to check for fear and try to operate in good sense and not too much emotion.Credit in your name – make sure you know how the family credit is used and have credit in your name. I have told you stories of rich and famous who have been ignorant about their money suffered badly because of that error. Please learn from their mistakes! And for a free bumper sticker or an electronic newsletter sign up at www.wife.org. Citation:My book, Real Deal: Making Big Changes with Small Changehttp://www.wife.org/man-is-not-a-plan.htm Marion R. Syversen, MBA – PresidentNorumbegaFinancial207.862.2952Marion@NorumbegaFinancial.com
In this edition of Take This Job and Love It, Chelsey Anderson traveled Downeast to help a nonprofit.She visited the First Light Farm Equine Shelter in Perry.Chelsey: “I rode a horse at a fair when I was child, but that’s about the extent of my knowledge of horses. Thankfully, the ladies at the farm were more than willing to show me the ropes.”——————-“Yes babe. We’ve got to bring you some hay, huh?” Chelsey: “Hi! She’s like, ‘Where’s my food?’ We’re getting it!”(Andrea:) “We’re going up to the hay loft.”(Chelsey:) “Heads up!”(Chelsey:) “Mariah! Look, look at the hay.” Andrea: “No, she says she’s going to eat Zippy’s.” Chelsey: “Zippy’s looks pretty good!”I fill her water and I’m on to the next task.(Andrea:) “The best part is mucking out. We’ll muck out our paddock, our run in sheds and the stalls.”(Vicky:) “We’re going to clean a stall.” Vicky: “And I left her some special frozen stuff!” Chelsey: Thank you!(Andrea:) “You can start with just picking up off the surface.” Chelsey: “Okay.” Andrea: “She’s made a bit of a mess.”(Andrea:) “Just give it a little shake. You want to shake out your shaving over an area you’re not going to be shaking again.” Chelsey: “Oh, that’s a good idea.”I banged some of the shavings out to get the remaining mess, but I wasn’t going quite fast enough. So, the self-proclaimed Barn Goddess took over and I moved on to churn-in some new pine shavings in Zippy’s stall.(Chelsey:) “Okay. One stall down.”Moving on to Delia’s paddock.(Andrea:) “I first start trying to rake it into a pile.”(Chelsey:) “Delia, I love you girl, but I don’t love the presents.”Then I filled the muck buckets.(Chelsey:) “And that’s a lot of poo to deal with.”(Andrea:) “I hope they pay you well for this feature!”(Chelsey:) “Another one.” Vicky: “You’re not done yet!”(Chelsey:) “Well, I think they’re definitely eating enough.”(Andrea:) “That’s probably as full as we’re going to be able to get.” Chelsey: “Okay.”(Andrea:) “Now you’ll get the wheel barrel and dump that one too.”(Chelsey:) “Oh! I’m going to go up this little bridge. Oh my goodness.”(Andrea:) “You’ve got to get a running start.”(Chelsey:) “Okay!” (grunting) Andrea: “There you go! Alright!”Now that Delia’s paddock was clean, it was time to get her groomed.(Andrea:) “The first thing that happens is we have to clean out her feet.”(Andrea:) “You’re going to run your hand down, and she knows what I’m going to be doing so she’s going to pick up her foot for me.”It didn’t work that way for me.(Chelsey:) “Come on! You can do it!”(Chelsey:) “Err!” Andrea: “Delia!” Chelsey: “Come on! Are we friends? I thought we were friends!” Well, the talk must have helped.(Chelsey:) “Come on! Yes!”I cleaned that foot up and moved to the back, which wasn’t any easier.(Andrea:) “Do it real quick!” Chelsey: “Errr!” (laughter)(Andrea:) “And we’re going to give her a quick grooming.”I removed the dirt and dander from Delia’s coat, then shined her up.(Andrea:) “She is definitely enjoying this.”I topped off the grooming with a treat.(Chelsey:) “Ah, yeah! Yummy!”So after all the feeding, scooping, and brushing, would I get the job?(Andrea:) “Absolutely, because it’s not about knowledge, it’s about having the heart and compassion to do it.”(Chelsey:) “Thank you so much, and thank you so much. You were very friendly.”Before I left, I was presented with a major award.(Andrea:) “We don’t hand these out to just anybody, but anyone who’s gone above and beyond the call of duty.”For climbing Mt. Manure.Whoo!—————-On Sunday the 13th, the New Friendly Restaurant on Route 1 in Perry will give 10% of their proceeds to Have a Heart for Horses to help the shelter.If you have an idea for our next Take This Job and Love It, email Chelsey: email@example.com.