Post-pandemic, more people want to tap their retirement plans so they can retire early. Thanks to an IRS ruling that became effective in January 2022, they now can take bigger early withdrawals without tax penalties.
Shrimp is a great option to lower unhealthy fats in your diet. You’ll cut over 90% of saturated fats if you choose shrimp over the same amounts of steak or cheese.
This group photograph was taken at Maj. Gen. Robert G.F. Lee’s birthday celebration. It was a cake and coffee event in the Headquarters conference room.
In the photograph (L-R): Carolyn Taketa, Reynold Hioki, Robert G.F. Lee, Sharnell Valeho, Emme Maikui-Grambusch, and Bridget Komine. A few years ago.
There are literally hundreds of different travel-related discounts available to older travelers that can add up to save you hundreds of dollars on your next trip. To qualify, you’ll need to meet the age requirement, which varies by business. Some discounts may be available as soon as you turn 50, but most don’t kick in until you turn 55, 60, 62 or 65. Here’s a rundown of top travel discounts, along with some extra tips to help you save.
Those annoying required minimum withdrawals from retirement accounts that kick in at age 72 may come with a silver lining: helping you make your money last through your lifetime.
Generally speaking, if you were to take only your yearly RMDs it would mean those accounts wouldn’t be depleted in your lifetime. Of course, as with most things in financial planning, the strategy can’t be viewed in a vacuum.
“You can use it as a plan — as a guideline — but it’s highly unlikely you’d stick to it throughout your whole life,” said Ed Slott, CPA and founder of Ed Slott and Co. “You have to plan for life happening.”
Esophageal cancer tends to be a “silent killer,” and it’s on the rise among middle-aged Americans, new evidence suggests.
The rate of this cancer nearly doubled among people aged 45 to 64, and the prevalence of Barrett’s esophagus — a precancerous condition — rose by about 50% in this age group between 2012 and 2019. The esophagus is a hollow tube tasked with carrying food and liquid from the throat to your stomach.
The exact reason for the uptick of esophageal cancer in younger folks is not fully known, but soaring rates of obesity, unhealthy diets, and chronic heartburn or gastroesophageal reflux disease (GERD) are likely factors, and they all tend to travel together, said study author Dr. Bashar Qumseya. He’s an associate professor of medicine and chief of endoscopy at the University of Florida.
This undated photograph shows Michael Montero (left) and an unidentified member working on a McDonnell Douglas F-4C Phantom. Mike served for many years as a full-time technician before leaving the program before his retirement.
Even if your real retirement is years away, you’ve already had some practice.
That came during the pandemic lockdown and into its aftermath, when many of us were tucked away at home, working remotely. Except for the part where you’re actually working and getting a full paycheck, this is similar to what life is like for many retirees.
So ask yourself: How did your spending fare on that retirement test drive?
Before you can determine how much you will need to save for a fulfilling retirement, you first need to know how much you will spend in retirement. You’ll also need to factor in soaring prices on everything from gas to groceries. Sure, inflation affects everyone, but it could hurt more in retirement when your income will probably be lower.
Financial planners have estimated that retirees need 80% or more of preretirement income to maintain their standard of living, though individual situations vary greatly. Another data point that correlates: According to the Bureau of Labor Statistics’ annual survey on consumer spending, the average retired household spends 25% less than the average working household each year.
That said, some items to do stand out in a retired household, including big-ticket expenses such as health care and travel. Here’s a look at 10 budget categories where retirees are likely to spend more and some tips on keeping costs in check.
Related earlier Retiree News post: 10 Things You’ll Spend Less on in Retirement
It looks like there’ll be at least one silver lining to skyrocketing inflation.
Seniors will be getting a nice raise next year.
The roughly 70 million people – retirees, disabled people and others – who rely on Social Security could receive an 8.6% cost-of-living adjustment, or COLA, next year, according to an estimate from Mary Johnson, a policy analyst for the Senior Citizen League, an advocacy group.
For the average retiree who got a monthly check of $1,657 this year, the bump would mean an additional $142.50 a month in 2023, boosting the typical payment to $1,800.
As I have posted earlier, these Retiree News posts are coming to an end. Starting in 2013, the initial intent was a 2-3 year gig; it has lasted over nine years. Earlier, Retiree News was an e-newsletter from 2006-2012.
Researching background information and identifying personnel in photographs was a challenge. But over these 16 years, I have learned a lot about the Hawai‘i Air National Guard and the State of Hawai‘i. To all who read and appreciate these posts, thank you. To those who provided feedback, I appreciate all your kind words.
But at least for now, the daily Retiree News posts will come to an end on Friday, July 1, 2022.
This photograph was taken on August 22, 2006 and shows Command Sergeant Majors John “JJ” Yakushiji and Vern Nakasone.
JJ served full-time with the aviation function at Wheeler Army Air Field and served as the Brigade Command Sergeant Major before retiring.
Vern was the Senior Enlisted Leader for the Hawaii National Guard at Fort Ruger for many years. After retirement, he returned to his civilian position at Marine Corps Base Hawaii.
Ryan Ozawa photographs
When Ward Warehouse was built in 1975, it was meant to be a temporary structure. It was a shopping mall with independent stores & a mix of local & national eateries. More than four decades later, Howard Hughes Corporation will demolish the structures to build another luxury condominium in the Kaka’ako area.
Kincaid’s was a fixture at the Ward Warehouse from 1976 until 2017. It has been described as an upscale-casual American restaurant & bar offering steaks, seafood & cocktails with dock views. The restaurant was initially known as Horatio’s & Seafood Grill until 1983 – same owners, just a name change. Rather than wait until the mandated August closure, their corporate headquarters decided to close on May 31, 2017.
Great memories of Kincaid’s
Some parents fear leaving their children too much money. They talk about their friend’s child, who ended up doing little with their lives and abusing drugs and alcohol. Or they have an image of “trust fund babies” who sleep all day and party all night.
The good news is that the vast majority of children with inherited wealth do lead productive lives and would not fall into any of the above descriptions. Their parents set expectations, provided guidance and encouragement, and set limits when the children were growing up. No surprise their children turned out just fine.
From the Medical News Today website
AFib is the most common form of cardiac arrhythmia, meaning it causes an irregular heartbeat. It also causes tachyarrhythmia, which is when the heart beats too quickly.
AFib is currently the leading cardiac cause of stroke, as it causes blood clots to form in the heart and may break off and travel to the brain. This process, known as paradoxical embolism, can cause a stroke.
Heart failure occurs when the heart causes blood to stop pumping effectively. It can result from any condition restricting the heart from pumping the necessary amount of blood around the body to meet its requirements.
There are two types. The systolic type develops when the muscular layer and inner layer of the heart, called the myocardium and endocardium, develop faults that stop the heart cavities from filling and ejecting blood in the way they should. The diastolic type occurs when the heart is abnormally stiff and pumps blood at high pressures.
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