From the Real Deal Retirement website
The recent market volatility has been frightening for anyone hoping to achieve a secure retirement. But the prospect of a major slump in stock prices can be especially upsetting for people who have recently retired or are close to calling it a career.
If you’re in that position, here’s how to gauge the risk you might face, and how to reduce the possibility you’ll have to completely revamp your retirement plans should the latest turbulence lead to a full-fledged rout.
When drug giant Pfizer announced earlier this year it was exiting the neuroscience business, including the search for a drug to treat Alzheimer’s, doctors involved in the race to find a cure were caught off guard.
“I was surprised, because I knew they had interesting compounds in the pipeline,” said Dr. Jeff Cummings, director of the Cleveland Clinic Lou Ruvo Center for Brain Health in Las Vegas. For Cummings, though, it was ultimately just one more addition to a long record he has maintained, documenting the failure of Alzheimer’s treatments. “It is another statement that development of drugs, particularly for neurodegenerative diseases like Alzheimer’s and Parkinson’s, has proven to be enormously difficult.”
We ran across Dr. Gildo Soriano in the Navy Exchange during the current scratch-off promotion. As you can see in the photograph, he remains in great shape. He retired from his medical practice but continues to deploy to the Philippines as part of those medical missions.
Dr. Soriano served with the 154th Wing’s medical unit for many years. He retired in January 2001 as a lieutenant colonel.
Great seeing Doc after all these years. Thanks for your service on those medical missions.
From the U.S. News & World Report website
Today’s elderly are healthier, better educated and live longer than any previous generation, according to a report from the Federal Interagency Forum on Aging-Related Statistics. Supportive public policies and decades of economic growth have helped retirees to enjoy unprecedented increases in well-being.
Here are some of the details about the lives and living standards of retirees. Take a look and see how you compare to the averages.
From The Washington Post website
In December, the Defense Department declassified two videos documenting encounters between U.S. Navy F-18 fighters and unidentified aircraft. The first video captures multiple pilots observing and discussing a strange, hovering, egg-shaped craft, apparently one of a “fleet” of such objects, according to cockpit audio. The second shows a similar incident involving an F-18 attached to the USS Nimitz carrier battle group in 2004.
#Chinook is mission ready: moving troops + cargo + evacuees to humanitarian assistance. #CH47 #DIMDEX pic.twitter.com/p4BJmbNzWG
— Boeing Defense (@BoeingDefense) March 12, 2018
From the Boeing Twitter feed
As an older car buyer, just walking into a car dealership gives me a feeling of dread: I feel like I’m going to be taken in by a slick salesperson, tricked into buying something I don’t want and into spending more than what I want to pay. Maybe you feel this way too.
Edison Van Vlimmeren, a sales associate with Dulles Motor Cars in Leesburg, Virgina, insists that older car buyers aren’t viewed as pushovers anymore. “The days when car salesmen looked at older car buyers as easy marks are long gone,” he said.
From the Everyday Health website
Falls by older Americans have devastating medical and economic consequences, reaching $50 billion a year, a new study finds.
“Falls among men and women 65 and older are a common, costly and growing public health problem,” said lead researcher Curtis Florence, a health economist with the U.S. Centers for Disease Control and Prevention.
And as American “baby boomers” continue to age, strategies for keeping them fracture-free will become increasingly important, he said.
From the Images of Old Hawaii website
Aerial picture of NAS Pu’unēnē looking westward, Māʻalaea Bay in the upper image NAS Pu’unēnē
Before World War II (and before Kahului Airport), ‘Maui Airport’ was opened on June 30, 1939 (the new Maui Airport replaced a smaller airfield at Māʻalaea). Immediately after December 7, 1941 Pearl Harbor attack, the military took control of all air fields in the Territory and began the expansion of Maui Airport at Puʻunēnē.
In 1943, Naval Air Station Pu‘unēnē was established as a “Top Gun” school for fighter-aircraft tactics, based on the Navy’s use of highly-decorated veteran fighter pilots
Tim Sagert has been enduring the pain of a double-whammy of identity theft.
First, a crook used his stolen ID to claim Social Security benefits last spring. Then, this tax season, Sagert was hit with an SSA-1099 tax form for reporting the income paid to the crook.
For many retirees, the term “long-term care” is typically associated with a nursing home. As we age, there is a greater chance we will need some sort of long-term care in the future. According to the U.S. Department of Health and Human Services, 70% of people over 65 will need long-term care at some point in their lives.
So, how can you prepare for long-term care costs? Here are six options:
L-R: Marcus “Rosie” Rosehill, John “JC” Chun, John “Saigon” Lee
John “JC” Chun sent in this photograph. While at the Hale Koa buffet in early March, he ran into Marcus “Rosie” Rosehill and John “Saigon” Lee.
Both Rosie and Saigon flew fighters while assigned to the 199th Fighter Squadron. John was a technician in the engine shop.
BTW: John said Saigon has not gone Hollywood, he recently had an eye operation.
Thanks to JC for his continuing support of Retiree News, submitting photographs for posting.
From The Washington Post website
According to AARP, almost 90 percent of seniors would like to stay in their home as they age. This idea of aging in place — growing older where you already live, typically not in a health-care environment — continues to be a popular choice among seniors able to live without a lot of assistance.
With the growing popularity of aging in place, gerotechnology can help seniors live in their homes with ease and safety.
Here are a few new technologies designed to foster aging in place:
From the Everyday Health website
The best time of day to exercise is the time that works best for you. Studies go back and forth on this topic and there are benefits in exercising in the morning and later in the day. Ultimately, it comes down to personal preference and lifestyle. Choose a time that helps you make exercise a regular and consistent part of your routine.
