6 Myths of Retirement
Do you want to know the 6 Myths of Retirement?
Of course, you do!
How much should you save for retirement ~
“Your retirement plan and withdrawal strategy should be as unique as you are, taking into account your current finances, future income, goals and dreams along with many other considerations.”
Medicare will cover healthcare needs during retirement ~
Medicare can be a godsend for doctor visits and hospitalization costs. However, it does not cover most long-term care needs such as extended nursing home stays, assisted living and many types of home health care. Keeping health care costs in mind is a vital part of retirement planning.
I can’t count on Social Security ~
You can’t count on Social Security payments to cover all your retirement needs. However, it can make sense to estimate what your payments will be as part of your overall retirement planning and budget. Consider delaying Social Security payments beyond your full retirement age up until age 70. You may receive significantly larger monthly checks.
We have provided a link to a Retirement Income Calculator for your use...Click Here
I can work as long as I have to ~
Did you know that half of all early retirements are due to illness or disability? Also, finding good paying jobs later in life can be difficult. The bottom line: it’s probably best not to rely too much on income that you may make during your retirement.
I’ll spend less and pay less taxes in retirement ~
You may actually be spending more in retirement than you thought. Think about traveling, visiting children and grandchildren as well as pursuing new hobbies and activities. It all takes money!
Home situation will stay the same ~
Moving is often a major part of retirement. You may decide to move closer to family members. Or, you may need an assisted living situation or an area with more transportation and maintenance services at hand.
Retirement Income Calculator - Use this calculator to determine how much monthly income your retirement savings may provide you in your retirement. Your annual savings, expected rate of return and your current age all have an impact on your retirement's monthly income. View the full report to see a year-by-year break down of your retirement savings.
Make sure you consult with a certified financial planner (CFP) and/or a lawyer with expertise in finance issues for retirement.
Avoid the 6 Myths of Retirement.
6 Myths of Retirement – Plan Now!
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Colorado Springs Over 50
There is much to do in Colorado Springs for those who are a bit older. The good news is this community has incredible resources to offer for most people. Exploring the outdoors or enjoying a fine meal is easy to do. Take a closer look at some of the Colorado Springs things to do that may appeal to you.
5 Myths About Alzheimer's Disease
Despite being the sixth-leading cause of death in the United States, and despite being the single largest risk to the health of our Medicare system, Alzheimer’s disease is not widely understood. Even some of the people most clearly at risk will go to great lengths to maintain a distance from the illness.
“Callers to our Helpline sometimes won’t even give us their name,” said Meg Donahue, director of Community Engagement for the Alzheimer’s Association of Colorado, which operates the Association’s free multi-language Helpline that is accessible 24/7, 365 days a year to provide information and counsel to individuals who have questions or concerns about their own or a loved one’s mental health.
“For some, acknowledging their concerns about memory loss may be an admission of their worst fears – that they have Alzheimer’s disease,” said Donahue. “For that reason, many people don’t want to address the subject. But it’s important for people to realize that there can be other causes of memory loss, making it crucial to get a doctor’s diagnosis.”
Yes, Alzheimer’s deserves its fearsome reputation. It kills more people annually than breast and
prostate cancers combined. More than 6 million people in the United States, including 76,000
Coloradans, are living with the disease which currently has no prevention or cure. And caring for people with Alzheimer’s and other dementias is currently taking 1 of every 5 Medicare dollars – a total expected to rise to $1 of $3 by 2050 if a cure is not found.
The Alzheimer’s Association is the largest non-governmental source of funding for research to find a
cure for the disease. That research is ongoing. Until a cure is found, people should be aware of some common myths regarding Alzheimer’s:
Myth 1: Memory loss is a normal part of aging
Reality: While it’s normal to have occasional memory challenges as we age, such as forgetting names of
someone you just met, when that memory loss disrupts one’s daily life, that is a cause for concern. The frequent memory loss that is part of Alzheimer’s results in needing to rely on memory aids or family members for things that one previously handled on their own.
Myth 2: Alzheimer’s is not a fatal disease
Reality: Alzheimer’s disease is America’s sixth-leading cause of death – ahead of breast and prostate cancers combined. It slowly destroys brain cells, ultimately leading to the loss of body functions and death.
Myth 3: Alzheimer’s only affects the elderly
Reality: 6.2 million Americans over age 65 are living with Alzheimer’s. More than 200,000 additional
people in the U.S. under age 65 are living with the disease.
Myth 4: The risk from Alzheimer’s is the same for everyone
Reality: While the main risk factor for Alzheimer’s is aging, some population groups are at greater risk than others. Black Americans are twice as likely as Whites to be diagnosed, and Hispanic-Latinos are 50 percent more likely. And, as a group, two-thirds of Americans with Alzheimer’s disease are women.
Myth 5: I can ignore the symptoms of Alzheimer’s and get by
Reality: Some people are able to temporarily work around the memory loss and other symptoms of
Alzheimer’s, compensating in other ways, but delaying diagnosis is detrimental because it also delays access to medications, supportive services, planning and other resources that help both the person with Alzheimer’s as well as caregivers and loved ones. Delaying the diagnosis does not delay the progression of the disease.
To learn more about Alzheimer’s disease and services available through the Alzheimer’s Association, go to www.alz.org or call the free 24-hour Helpline at 800-272-3900. All programs are available to families at no charge.
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The Alzheimer’s Association is the premier source of information and support for the more than 6.2 million people in the United States with Alzheimer’s disease, their families and caregivers. The Alzheimer’s Association offers education, counseling, support groups and a 24-hour Helpline at no charge to families. In addition, contributions help fund advancements in research to prevent, treat and eventually conquer this disease. The Alzheimer’s Association advocates for those living with Alzheimer’s and their families on related legislative issues, and with health and long-term care providers. For information call the Alzheimer’s Association 24/7 bilingual Helpline at
800-272-3900 or visit www.alz.org.
How to deal with clutter!
Clutter has been a growing problem in the lives of many people! Many of us have ineffective methods to cope with clutter, and we don't realize the drain it puts on our internal and external resources. So, what can we do about it?
We can use articles, books, and websites devoted to the "how-to" of dealing with clutter. One excellent source is Karen Kingston who is an international best selling author and clutter clearing expert. We especially like her best selling book, "Clear Your Clutter with Feng Shui."
In this book, Ms. Kingston defines "clutter" as:
* Things you do not use or love
* Things that are untidy or disorganized
* Too many things in too small a space
* Anything unfinished
This definition is a bit more complicated than the dictionary definition of "a crowded and untidy collection of things." Do you feel that decluttering is a daunting and impossible task? If so, take it "one bite at a time." Actually, getting out from under clutter doesn't have to be complicated and involved. We believe the best approach to dealing with clutter is to simplify (not clutter) the process.
Break any seemingly impossible task into more manageable steps. Take a simple approach to dealing with a complicated task.
So how do we deal with the clutter in our lives?
According to Dr. David Kantra, don't make it too complicated. Just two steps really:
Although simple in theory, this approach works. Whether we’re talking about cleaning out the garage, organizing your desk, writing a book, or losing weight, the process is the same…break the task into smaller, simpler steps.
For example, if your project is to clean out the garage, the steps may look like this:
Take pride in each step you accomplish…it’s another step toward reducing the clutter in your life.
Follow these same seven steps for the other areas of your home, office, and other areas of your life that need to be purged!
When our surroundings are cluttered and disorganized, we tend to feel burdened and uncomfortable. Clearing your external environment of unused and unwanted clutter, and sorting through the accumulated mess around you, will psychologically help you attain a healthier live style and live a happier life.