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Kids | Retirement | MassMutual

So, who's it gonna be? Tom? Could be Danny. Guess it's on Maggie. Should we have another one? Talk to us about retirement today,
feel comfortable about tomorrow. MassMutual..

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Critical Retirement Planning Ages: 55, 62, 70, & More

When you're planning for retirement, your age is important, and that's because as you reach certain milestones, you may qualify for certain benefits, or you might need to take certain actions to avoid penalties. So that's what we're going to talk about in the next couple of minutes here. We'll go over these critical retirement dates so that you can get them in your planner or at least know what to expect as you move toward retirement. Two things happen at age 50. The first is you get to make catch up contributions. So if you are maximizing your contributions to your retirement accounts like a 401K or an IRA, you get the ability to put in even more money each year, which helps you boost your retirement savings as you near the end of your career. There's a separate benefit that might apply to certain public safety workers, so for example, if you're a firefighter employed by the federal government, you might have the opportunity to take withdrawals from retirement accounts as early as age 50 without any early withdrawal penalty from the IRS.

So make sure that you triple check the requirements, and of course, the longer you can keep your money saved, that might help you make it last longer. At age 55, the ability to take those early distributions from a workplace retirement plan. Opens up, and to meet that criteria, you have to terminate your job at age 55 or later and take the funds out of that job's retirement plan, like the 401k, for example. Again, this is something that you want to check carefully with your tax advisor, and this is probably a good time to give you a friendly reminder that this is just one short video, and it's not individualized advice.

You really do need to speak with an expert who is familiar with your situation, and they can help you make sure that you avoid any problems and potentially identify some opportunities for you. By the way, if you check the description below, you can look at some free retirement planning resources that I've put together, and I think you'll find useful.

At age 59 and a half, you have the ability to take withdrawals from retirement accounts without that early withdrawal penalty, so it doesn't just have to be a workplace account after you terminate employment, it can be your IRA, your 401K, deferred annuities, and other types of accounts. So you get a lot of flexibility once you reach age 59 and a half. Age 62 is the time when most people can start taking Social Security benefits, and that's what's called Early claiming, and if you do that, you get a reduced Social Security benefit, so you get less each month. This can be a big deal, so it can be helpful to get that income early, but you get a smaller monthly income amount, for example, if your full retirement age is 66 and a half, and your benefit is $1,000, or for every $1,000 of benefit, you're going to see a reduction of 27.5%, or to put that in dollar terms, you would get $725 each month instead of $1,000 each month, and that reduction lasts for the rest of your life and it could impact a spouse if they take over your benefit as a survivor, so you want to think carefully before you claim early, sometimes it makes sense, but you really want to do it mindfully.

Now to age 63, so your Medicare premiums are based on your income from two years back, so when you're 63 years old, you're within two years of 65, which is when you typically begin Medicare. That means if you have any way to control your income or if you're making Roth conversions to take some income intentionally, for example, at age 63, you want to get extra careful about how much income you're taking because you might bump up those Medicare premiums, it might make sense for you to do that, but you want to know what you're getting into. And when you reach age 65, that's when it's time to enroll in Medicare, and it's critical to enroll on time, because if you enroll late, you may face a late enrollment penalty that's going to last for the rest of your life, so that can be an unnecessary cost.

It's smart to start the process three months before you turn age 65, and that gets you some time to get your ducks in a row. Now, if you are still working and you get healthcare from your employer, it's really important to speak with your employer's benefits department and with the insurance company, just to find out what you need to do, if anything, and to set your expectations for when you might leave that job, you want to triple check this, especially if you're still working and you're covered under your employer's plan. Most people reach their Social Security full retirement age sometime around 66 to 67, and once you reach for retirement age, that means you don't have a reduction in your benefits and it also means that if you are earning money through work, which isn't exactly retired, but maybe you are still earning income, those earnings would not cause the deduction from your monthly Social Security income, so this is an important milestone for you to reach…

If Social Security is a big part of your income. When you delay taking Social Security income after your full retirement age, you get a bigger benefit, so the benefit increases by about 8% per year, it happens monthly, so you don't have to wait for a full calendar year, and then any future increases like cost of living adjustments go off of that higher amount, so it's nice to have a bigger income, and of course, the longer you expect to live, the more helpful that tends to be in many cases. Although there are other factors at play. And then when you reach age 70, those delayed retirement credits stop building up, so it doesn't make sense to wait any longer to take your benefits. Age 70 and a half is a weird one, because it used to be when you had to start your required minimum distributions or RMDs, but they changed the law, except for they left these qualified charitable distributions or QCDs in there at age 70 and a half.

It doesn't make any sense, but that's the way it is. So if you do want to make those QCDs, you can start doing that even before your RMDs if it makes sense, so please forgive all the acronyms, we will explain all these, but just be aware that you can begin doing those qualified charitable distributions at age 70 and a half, these are distributions that you make directly from a retirement account to the qualifying charity, and when you do it that way, you can exclude that from your income, which can be helpful. Age 72 is when most people these days have to start taking their required minimum distributions or RMDs. This is where the IRS says you cannot leave your money in a retirement account, tax sheltered forever, you have to start taking some distributions and generating a tax liability, so they start out relatively small and build up over time. Technically, you have until April 1st of the year following the year when you turn 72, so that's an option, if you want to wait till then or you can just do it in that same year, it's up to you, but the most important thing to know might be that there is a very steep penalty for missing these required minimum distributions, if you don't take one in a given year, the penalty is 50% of the amount that you were supposed to take…

So if you were supposed to take 10,000, it's a 5,000 penalty. That's a big one. So far, we've talked about government programs and tax rules, but there might be some other programs that you qualify for, maybe a pension from an employer, for example, and those might have totally different numbers that apply to them, so check with your plan administrator, read through the documents and you can get all of those details. Now, I hope you've found this helpful. If you did, please leave a quick thumbs up, thanks for watching, and take care..

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Sexuality and Aging…YES we are talking about Sex in Retirement!

sex as you age this is a serious topic and it's also a sensitive one for sure it also lends to some difficult conversations with many couples not for us this is easy right that's why we're doing it [Music] well the fact that it is difficult we've wanted to talk about this for a while because we have so many clients that bring to us this issue of sex as they age we certainly couldn't do it alone so we're so excited to have nancy lucas with us today who is a therapist here in essex that specializes in relationship issues marital and pre-marital issues and sex therapy so what an exciting job that you have i guess at times yeah i would imagine it's exciting at times and just remember it's an important issue especially as retirement is getting longer and we're aging longer and hopefully healthier and we are not sex therapists especially mark is not a sex therapist nancy is and we're excited to explore this topic with her nancy's going to share three tips or strategies or suggestions on better sex and intimacy with your partner and you have to stay to the end because at the end nancy's gonna give us an exercise or an activity that we can do with our partner to open the conversation about sex and to embark on a journey of exploration together this is going to be great so make sure you stay till the end welcome nancy yeah thanks so much for being with us today thanks for having me um so yes i i do have a very um it's a privilege what i do and i and i do love my job and this is a sensitive and important topic and it's one that we really don't get to explore very often um i think that there's just not enough research being done about sex as we age and um we need more but we do have some facts i'd like to share with you guys that that's okay and that is that um being intimate with our partner and exploring ourselves sexually can last into our 90s which is which is great and that's kind of new information that we're just finding out um but for instance um 50 of people and we should be having more this should be a higher percentage 50 of people who are 65 to 70 are still reporting to be sexually active um and then once we hit age 71 to 75 40 and then by the time we get to age 76 to 80 25 but the good news is that 20 of people who are in their 90s are reporting to still be sexually active so um so that's something that's good news but i think we can all be doing better i was going to say i mean i think i think those numbers i wonder if our audience would say those numbers are where i thought they'd be or i thought they'd be better or some may say i thought they'd be worse but i think the point is we need to be doing more research because people are living longer and they're living healthier and sex is a really big part of healthy life and let me ask this question too because i remember seeing a fact as we started to do a little research on this and realized we couldn't do this without you but there's a a large percentage of men i think perhaps 40 of men are the are the ones that's that stop having sex with their partner and it's really their fault because they just i don't know is that true fault i don't think you should say fault well but they i don't know i just remember seeing something is there yes there is something so look we have the little blue pill now which is something that has really helped um helped couples stay active but it really is men often that can stop even though they want to be sexual it's men that often make the decision to stop being sexual as partners because of performance issues and so that's hopefully something that we can talk a little bit more about too at some point um but i like to deal with with some of my clients um you know it's really the the fact is that it's not about performance but there are all different kinds of sex that people can have um sex is something that brings us closer that is intimacy it doesn't have to always be about the erogenous zones it doesn't always have to be so goal oriented so that people are you know it's about you know having orgasm or having the kinds of sex that we think it should be there's all different kinds of sex and if it makes you feel close with your person and if it makes you feel intimate and you know let's face it if we're in our person we're in this relationship with them and we do things with them that we don't do with anyone else so and that's what separates friendships from our partnerships yeah and the first strategy that you that you want to talk about was communication and we talk so much on our youtube channel about communication and it really especially with spouse partner or significant relationships and the more amount of time that you're spending about together in this phase of life and how important communication really is and we have clients that don't have sex and they don't talk about it with their partner right so let's talk a little bit about communication what are some things people can do what are your thoughts on the idea of communication well of course i'm a shrink so communication is the most important thing that we talk about um but communicating with your partner about intimacy can be really hard and it becomes sort of this thing where you know it doesn't get talked about and then it continues to not get talked about and then it just sort of builds and builds and builds and because and becomes the elephant in the room so um so communication is of course extremely important and around like what feels good like what really does feel good for us now and that can change as we age our bodies change our erogenous zones can even change um all of that is something that we need to be talking to our partner about um also just being able to schedule that's another thing that i talk about well can i ask a question before you go on to the scheduling because that is important but communication so there's there's people watching this now and either husband a wife or a partner and they're watching it alone and they're really not sure what to do they're yeah i have a problem we're not having sex how do i bring it up with my partner what's the safest way to to start a conversation around the fact that you know instead if we hadn't had sex for five years what are you gonna do about it versus you know what's it what's an easy three-step process to start a conversation well of course the what we always start as therapists with is the i statements if you approach somebody with how you feel i feel disconnected i feel like we're not as close as we used to be i miss you i mean those things are not going to throw up someone's defenses right and that's what really gets in the way of talking about very delicate subjects like this like intimacy and that is that you know look we're vulnerable these are things that we have strong feelings about so when somebody comes to us we can you know throw our guard up and be defensive but when you start out with i and with the no with the feeling i miss you i you know i miss our closeness this is something that i'd like to try um i think that's a really good way to approach sounds so sweet it does sound like i'm missing it as opposed to the you like right who you yeah right well that's good so so having a good strategy path of communication to bring it up in a nice thoughtful caring way you know like you said would be great and respecting the fact that your partner may not have been raised for example to talk about sex and what feels good right everyone no matter how long you've been together or how old or mature your relationship is when you're brought up differently as a child i would assume that that comes forward you know so i i you know i know a lot of the women that i talk to it's it's they want to provide safety in the conversation because if they're the ones bringing it up they don't want their um heterosexual partner their male partner to feel you know immediately back on his heels right right so i love the i statements and this idea of creating some safe space and then the next thing that you that you um talk about and we talk about this is scheduling your intimate time what is that what is so so you add an opening conversation and then you say well next sunday afternoon you and i are gonna get together we're gonna maybe do the exercise so don't forget to stay till the end to learn about this exercise but actually scheduling and it feels weird at first to think about it but you schedule everything else so why not right well a lot of people when i bring this up with my clients you know right away have this reaction like what isn't it supposed to be so natural and we're supposed to be you know preparing dinner and all of a sudden we look into each other's eyes and then we throw ourselves down on the floor and it becomes this passionate thing and i'm sorry that's not the reality i live in and probably not the reality that you live in either we're all very very busy and unfortunately um the idea of scheduling is look if you schedule it it happens right you guys know this so i do recommend that you schedule sex for a couple of reasons um or intimate time and that is that first of all you it'll happen and that's the most important thing is that it takes place and that it happens second of all you have some time to prepare either to look forward to it or make sure that you're in a good mental place to really be you know intimate and vulnerable and together with your person so those are the reasons why that scheduling really really works you know it's funny too um and not to get too personal but you know i'm not a big fan of the whole go out and eat this massively wonderful great dinner and have a drink and a bottle of wine and and then come home and you know how i feel not so sexy i'm ready to go to sleep and mark's exhausted so i think you're right because as younger people and and maybe younger is not the right word but you know earlier in our lives um you know that was kind of the you know you had your date you had your date night you had a nice dinner you had a cute margarita maybe a glass of wine and then you were both kind of you know metabolizing food a lot quicker by the way and you know feeling a little bit better and i love this idea of scheduling it because if you don't feel right and the time is you know upon you it's always a bit of a push and so i love the idea of scheduling it and communicating when you feel better well yeah and the other thing is i remember this fact i looked up before nancy i brought it up in the beginning but i had it wrong i believe what i read was and this is for the men out there you know you're not going to bring up sex in a conversation you're not going to schedule it if you have performance issues and if you do have performance issues you need to go see your doctor because like you said in the beginning the little blue pill there are pills that you can take to help you with that but i think 40 of men have erectile dysfunction and only 10 of them get help so the other 30 are just not having sex for that reason which is really not fair to you or your partner no or your relationship as a whole yeah yeah because look um intimacy in that way like i said earlier that's what separates your relationship from all your friendships so it can be the glue that really keeps you together right and i think that brings you really to your third point because sex doesn't always have to be perhaps what everyone traditionally is visualizing in their head or thinking about what sex might be and your third point you know being open to different types of sex or intimacy i think is a really big one to explore um yes so again the more narrow we make sex um the more narrow and vanilla and kind of boring it's going to be if it's something that feels good and brings you close to your partner then i say that that's sex let's call that sex it's um there's all kinds of intimacy there's and look i can go on about other types of sex there's there's makeup sex right there's sex that's more holding and more intimate and then there's you know more passionate passionate sex but anything that brings you close to your partner i say you know we shouldn't be narrowly merely defining it so much that it's really there's all different kinds and if it involves touching and intimacy and something that makes you feel good and close sometimes just holding each other in that way when you're both naked that i think can be defined as sex so if it brings you close it doesn't have to be what we traditionally think of sex as being it's funny because um you know as a mom you know when you have a baby the first thing that a lot of doctors do is hand you your naked baby for that skin-to-skin sensation yes that is so enriching and fortifying and you know um just such a game changer for this little person who just came in the world and it's funny that we don't think about that longer and harder as we move through our life how important that skin-to-skin contact really is for our sense of being absolutely you know as moms you know we of course want to we think of that with our children we're you know usually wanting to hug them or hold them and like you said that starts it in infancy but we don't really think about that as much with our partners right no it's just as important that's foundational to us as humans so well we've we've talked about communication how important it is to start a conversation and the second thing was scheduling scheduling it so you've had a conversation you scheduled it you're now thinking uh different types of sex maybe you're not really sure what that really means but even just hugging like you said is good but that might be a good segue into the bonus activity that you want to talk about for those listeners as a place to start where it's so why don't you go through that because that was pretty intriguing when you talk to us about it yes so i'm going to talk about the gold standard and this actually was um these exercises came about as a result of the research that masters and johnson did long ago so and that is sensei exercises so that is really getting to know our person what kind of touch they like what kind of touch we enjoy and so this is the exercise so you can do this either semi-clad you know with some clothes on or no clothes at all naked but basically the exercises that you get in a quiet place you're ready you feel like you've you know you schedule it again you're in that mindset you go to a quiet place where you can be alone and you take turns 15 minutes each um just touching each other no erogenous zones none of those usual places that we think about when we think about sex everything but and the other thing is after you're done with the exercise you cannot have sex oh he didn't tell us that [Music] no the whole point is that to really get back into the fact that sex it doesn't have to be goal oriented it's not always about orgasm it's about closeness and about feeling good so for 15 minutes you take turns one person is the toucher and the other person is receiving the touch and the toucher just focuses on what it's like the skin of your partner what does that skin feel like what does it feel like on their hair what does it feel like you know in the inside of their elbow or the back of their knees how is this the skin different and all you do is focus on how that feels on the tips of your fingers the person who's being touched just enjoys and can tell communicate can use some of the communication with their partner oh i'd like you maybe to use your your flat hand or maybe just your fingertips maybe your fingernails maybe a massage maybe i mean there's all sorts of types of touch just like you know how the eskimos have like i forgot like you know 100 different words for snow um we should have 100 different words for touch and how we how we experience each other i love that i think that's a great i think that's it i think this has been marvelous as a you know is our first video on sex as you age right yeah i think the the whole it's it sounds safe and it's starting with the communication and then scheduling it and and then doing this exercise really is a safe way to get it's almost like when you were your first date my first day took me forever to well to get where i had to go where are we going with this yeah but i mean when you're when you're first a young you know teenager it's a teenager well 19 20.

yikes let's talk about this in the car ride home anyway i i thought this was great i don't know if if you have any closing thoughts i mean this is this was fantastic well i i you know what i love most about what we talked about today is that you know sex is doesn't always just have to be that act that you see or that is you know in the news or you know in video or on paper it's it's really about the intimacy and the close the closeness and um the love that you want to share and express and i i think that's really what sex as you age can become and it can actually it feels like it can become bigger and better yeah yeah i love you you know you're no longer maybe having sex to procreate right so it you know you don't have the goal there that that pressure that was there i mean we don't have that anymore um you know we have a lot more time on our hands and we're alone a lot more often which would lend itself to you know more exercises like we just talked about you know for me as i as i think think of some of the clients that we have and some of the people that we've talked to it's it's sad that while they used to have sex because they have children and they they talked about how they used to have sex and they're not now because they're not even talking about it it really is a shame and it doesn't have to be that way and i think that's the point that maybe we're trying to get across as you age you can have sex and intimacy and intimacy so this was fantastic um nancy i don't know if you have any closing comments or thoughts suggestions just to remember that it's a cornerstone of your relationship and it doesn't have to diminish as we age right so and we need more research and we'll we'll put some of nancy's information in the next in the notes below and you're open to hearing from people that might uh want to hire you i have some some availability okay all right all right they're gonna have to get in line behind me so we will leave all of these uh information and notes but we hope you guys enjoyed this we we really did we learned a lot and we want you to share it with your friends and also subscribe by clicking the subscribe button uh down below and finally join our free facebook community the link is also in the notes below thanks for listening and being here today and we look forward to being back with you again soon and thanks again nancy this was great thank you so much for having me

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How to know if it’s time to change careers | The Way We Work, a TED series

Transcriber: TED Translators admin I was not one of those kids that knew exactly what they wanted to do
when they were growing up. In the last 15 years of my career, I've been an English teacher,
attorney, video game creator and now, a toilet paper salesman, selling millions of rolls
of toilet paper a year. [The Way We Work] Life is about finding the intersection
of what you really, really love with what you're really, really good at. As simple as it sounds,
it's really not that easy to find. After a brief stint as an English teacher, I went to law school and ended up
becoming an attorney at a big law firm here in New York City. Like most Americans,
for the next two, three years, I was holding on to my job for dear life, working really late hours at a job
that I thought maybe I was good at but certainly not one that I really loved. I then came upon the epiphany that it takes years if not
tens of thousands of hours to get really good at something. I really didn't have
a lot of time to waste.

This talk isn't for those
looking to quit their job because they don't like their boss
or they had a long day at work. This is for those that are ready
to make the completely scary leap into a brand-new career. So as you think about
making a career change, here are a few tips
I hope you consider and a few things
I've picked up along the way. First, there's three things to think about
before you're ready to move on. Number one: professional
life is about learning. If you're not even interested
in learning anymore, that's a huge red flag that there might not be
a future for you in that industry. Number two: career changes
are often gut-driven. If you constantly have sleepless nights where you're wide awake staring
at the ceiling thinking, "Oh, man. I can't live with myself
if I never try to make this change or if I don't even
actually investigate it," then trust your gut. It might be time for that career change. On the flip side, one reason to not move on
is short-term pain.

If you don't like your boss or people at the office
are grating on you, that's actually not a good reason
to absolutely change your career, because when you do change a career, you generally have to start
from the bottom, and you'll probably feel
a lot of short-term pain, whether it's through a lack of
salary or lack of a title. Pain at any job is inevitable. So now you're convinced
that it's time to change your career. Then there's three things
to do immediately. First: network, network, network. No one ever builds a career
without a good mentor or a good support network. What I mean by networking
is getting all the great advice that you can possibly get. Technology has made it so simple
to reach out to new people to say, "Hey, I'm thinking
about making a career change. Do you have just five
minutes to chat with me?" That passion and that hunger
and that ability to be a sponge really attracts awesome mentors and people willing to give you their time to give you some good advice.

So go out there and meet new people. The second thing
you need to do immediately is shore up your finances. The reality is, when
you change your career, you'll either start
with a job with a lower title or lower pay or maybe even no pay, especially if you're starting
your own business. So going out there and making sure
your finances are in order to make the transition less painful is really, really important. For me personally, as I made
the transition from being an attorney over to a video game creator, I wanted to have at least six to 12 months
of personal runway in the bank. Six to 12 months might not be
the right number for you, but be honest with yourself
on what that number should be. Number three, if you're not ready to make
the full jump right at this moment, then get your side hustle on. Side hustles could be anything
from volunteering with an organization that's in the new industry
you want to go into, could be starting your business
part-time on the weekends.

It's a free way to get a taste
to see if you really love something. So you're ready to make the move or maybe you already made the move. Here are three things
you should think about doing, right now. One: do not — I repeat —
do not burn bridges. You spent years building those bridges, why burn them now? The world is such a small place, especially with all
these online platforms, that, believe me,
you will see these people again and probably in the most
inopportune times.

Number two: take stock
of what you've learned in your previous career or careers. Most likely, a lot of those
things are really applicable to your new job and your new career, whether it's interacting
with people, playing on a team or dealing with jerks and assholes. All those things are really
universally applicable. You'll find jerks no matter
what industry you're in; no one's immune to it,
everyone's got to figure it out, and you probably know
how to do it already. Lastly, when you start your new job,
you're going to be nervous. But don't worry, take a deep breath, because this is what I want to tell you: you're part of a new team now, and everyone around you
is rooting for your success, because your success is their success. So welcome to your new career..

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Kids and retirement: The Shakiba Report | HOUSTON LIFE | KPRC 2

[Music] when it comes to college the price burn education continues to soar every single year and not having a financial plan for your children's college can possibly ruin your retirement here to make sure your kiddos don't leave you empty-handed and ways to begin saving for your future is Private Wealth Advisor with a mere prize financial trevor Shakib oh welcome back to the show thank you how are you all this is an interesting topic when we think about our kids kind of the empty nesters but then the empty wallet scenario – if you haven't really planned for it people might freak out when they hear about this because in a blink of an eye your kids are headed off to college yeah you know this is an interesting topic kind of a shocking one when you when you read it right when you first hear it but it's based on an article that I just read in Barron's and it's very true I'm coming across it a lot with clients and potential people I meet with in our industry you know when it comes to education there's a lot of different things you can do you can get loans and work-study and work but when it comes to retirement you're either working longer or you're reducing your lifestyle so that's why this is a critical critical topic we're talking about well and the costs are pretty staggering some of the facts for your private college nearly $50,000 per year on average and by the way I mean living expenses in tuition totally separate things it really adds adds up eighty percent of parents give some supportive financial support yeah so these are just the facts right here obviously we all know about college that's a shocking statistic but the next couple really surprised me as well eighty percent of adults give financial support to their adult children that's the key word they're adults and then actually that number is 500 billion annually which is two times how much people are saving for retirement oh my god that's unbelievable so adult children means that they've either gone back right so there's still the the parents are still holding on to that responsibility of their children yeah and I think in the study it was age 21 or okay but I mean you see it a lot I see it a lot with my clients where there are kids mid-20s late 20s even mid 30s that are still living at home let's talk about a 529 plan because this is one of the that people can start saving early yeah and that's my second point what so what can we do just start early so if you're watching you've got young kids start as soon as you can 529s or a great education vehicle in fact they're probably the best education vehicle any savings is better than none so don't you know I hear that all the time I don't really have much well if you have 50 bucks a month just start 100 bucks a month and look this can add up it's not on the screen but if you do fifty bucks a month for 18 years assume 8% that's approximately twenty two thousand five hundred if it's a hundred a month that equates to forty five thousand so you got to get started early oh wow okay a little bit adds up all right and then also you say I mean this is you say this no matter what plan we're looking at but those setting the education goals and sticking with them is sort of like setting your budget stick with it don't stray from the path yeah so it all starts with a discussion and I'm always surprised when I meet with new couples or they've just had a child what was their experience what are we planning for is it four years a hundred percent any school in the country in Texas what if that takes them seven years to graduate you you really gotta define this and then like you said Cortney don't deviate so if they get into an Ivy League school and you've planned for a school in Texas you can't completely change everything unless you understand it's going to dramatically affect your retirement plan what about just telling your kids though like hey we want to try to help you but you can't just expect us to pay for everything I mean that's well that's yeah you know look there's always a motion and when it's your kids you know it's difficult but that's a great point you got to separate the emotion and then my fourth point is is don't be afraid of some tough love so that definitely goes in your example but look you can't afford even after college you can't afford to be their bank forever and it's probably not good for them to be in your house at age 35 either so they you just can't afford it with the numbers and so tough love comes into the equation like here's what we've got for college and if you want to go to Harvard well then you have to figure that out the rest of it on your own and let's talk about of course return on investment that's another conversation right yeah well everyone laughs when I say that especially my wife when I say let's think through this but look if you approach it that way at least approach it that way that would change your perspective and so look at the cost of the college versus what their degrees gonna be in and what their salary might be meaning you probably don't want to go to a college if you're gonna be a teacher that cost sixty or seventy thousand a year if you're gonna make forty or forty five thousand in your first year those numbers there start going to work and my final point here this is very prevalent a down payment for the kids that's a nice thing to do but that's not an investment it's a good thing for them but it's not a good thing for you now keep that in mind on the return on investment discussion some truf tough love from you trevor shakeela it's great to see you as always folks if you would like more info on financial planning or if you'd like to schedule a complimentary initial consultation with trevor and it should keep a group you can call to eight one seven two four nine nine one seven or visit them online at the Shikibu group comm Trevor thanks again thank you good to see you

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Hilltop Community

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GoldCo Review – Best Gold IRA Company

In this GoldCo review video I will explain
exactly what a Gold IRA is, why it is important, and explain about GoldCo, the Best Gold IRA
Company, and give you a full overview of their services, fees, investment minimums and everything
involved, so you can make an intelligent choice in Gold IRA companies to protect your life
savings against an inevitable market correction or collapse. Make sure to hang around to the end of this
video, as that’s when I really dig into the nitty gritty details of GoldCo. Let’s get into this GoldCo Review! The world is an uncertain place. With all countries suffering from inflation,
recession, crashes and depressions, you never know what's going to happen. Even though right now everything seems okay,
in the blink of an eye the stock market can crash and your hard earned savings and retirement
funds that you have been working for your entire life can go up and smoke in one day.

History tells us that while the stock market
has been going up and inflation has been at a minimum, you are not in control. While everything is okay you feel in control,
but you are really not in control of your money if your retirement is backed by paper
assets such as the stock market or bonds, which is what all popular IRA and 401K retirement
savings use to “protect" your savings. Keep watching this video and I am going to
explain to you how you can use gold and silver and other precious metals to keep your retirement
safe and secure in case there is a economic or financial collapse before the time you
can take out the money tax free and use it to live and retire on. As you probably already know, IRA’s and
401k’s are a great way to save for retirement tax free. Your employer takes money out of every check,
puts it into an IRA or 401(k) and you never get taxed as long as you withdraw the money
after you are age 59 1/2.

This is a fabulous way to save your retirement
and not pay taxes. Whoever your current IRA or 401k custodian
is will put your money into the stock market or bonds, which are called paper assets. Paper assets are a terrible way to hedge against
inflation or any impending economic or financial decline or collapse. When you play the conventional retirement
investment game you are being taken advantage of by financial institutions who are really
only looking out for themselves and are planning to take your savings in the future, whenever
they choose to play the game, which they control.

If you feel there is going to be a decline
in paper assets or economic distress in the US, the best thing to do to protect your retirement
and make sure your savings is still there when you need it, is to rollover your 401k
or IRA tax free into a Gold IRA rollover or Precious Metals IRA. If you have a 401K, this is called a 401k
to Gold IRA rollover. Once your 401k or IRA is in a Gold IRA rollover,
your retirement savings and future we'll not be dependent on paper assets such as stocks,
bonds and paper currency, it will instead be protected by the stable price of gold,
silver, and other precious metals.

The other benefit of a Gold IRA or 401K to
Gold IRA rollover is that, as what played out during the 2008 United States economic
crash, gold and silver actually rose in price. This means that savvy investors like yourself
during this time not only protected themselves from losing half or more of their life savings,
but actually made more money to enjoy in their retirement! If you are ready to choose the best Gold IRA
company 2020 and beyond, then you should look into GoldCo. GoldCo has investment experts that will guide
you step-by-step through this process. They have helped thousands of individuals
and families protect by investing in self-directed gold and silver IRAs. You will get a white glove service to answer
all your questions, as well as a dedicated account expert to help you transfer tax free
so there are no hidden surprises along the way.

Keep watching this video and I'll explain
towards the end how you can get a GoldCo free Gold IRA guide that will teach you how to
protect your retirement savings. As stated earlier there are many reasons why
you would want a Precious Metals IRA. Let's quickly review what the main three reasons
are. The first reason is to protect your lifelong
savings from inflation of the dollar and market volatility that comes with paper assets. Even if you don't move your entire savings
into Gold and Silver you will have a more diversified investment portfolio that will
be guarded by the stable Price of precious metals.

The second main reason why a GoldCo self-directed
IRA is a good idea, is that just like the conventional IRA that is backed by paper assets
such as stocks and bonds, you receive that same tax exemptions so that you can continue
to build your savings the traditional way, without any added risk imposed by paper assets
such as stocks and bonds. The third reason why GoldCo is the best gold
IRA company is because when you finally are ready to get your distribution you can choose
between receiving money for your physical assets such as gold and silver which is called
a buyback, or you can get the actual gold and silver based on the amount in your account,
it's your choice! Now let’s get into the GoldCo review, the
best Gold IRA company, and talk about their fees.

For IRA’s, the fee can be as low as $260
per year, with a minimum of $20,000 – $25,000, depending on the customer specifics. For service they provide a “white glove
service". My GoldCo review says they help you from start
to finish. GoldCo has very knowledgeable customer service
representatives. One of the most important reasons why thousands
of others that have reviewed GoldCo themselves, is that GoldCo has strategic partnerships
with the most best Gold IRA custodians and depositories. Above all, the most important aspect of this
GoldCo review is that customer satisfaction is #1 and that GoldCo goes above & beyond
in every transaction to make sure you will be happy. Currently, they are on the INC 5000 list for
fastest growing Gold IRA company! There are many benefits to rolling over your
IRA or 401K to precious metals.

GoldCo is the best gold IRA rollover company
that makes this a hands-free, simple and easy process, for rolling over your existing IRA
or a portion of your IRA into gold and precious metals. If you would like to learn more, click the
link in the description, visit our website and request your FREE gold IRA rollover kit
at: www.FreeGoldKit.org  or call: 1-877-360-0974 to talk to a GoldCo Gold IRA retirement account
expert today about how to buy gold with your IRA..

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Top gold ira companies

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Your Retirement Estimate and Payment Options

Presenter 1: Good morning and welcome to  Your Retirement Estimate and Payment Options.   Before we get to the main presentation,  let’s take care of some housekeeping items.   To provide you with a future reference,   and make your note taking easier, we’ve  provided a presentation learning guide.   You’ll see the link to the learning guide in the  YouTube description box. Please note that due the   large number of participants, although the chat  feature is active, we won’t be able to respond to   member questions during this presentation. If you  have any questions, please contact us directly.

In today’s presentation we’ll briefly discuss  retirement eligibility and then we’ll go through   the retirement estimates and the options.  Let’s briefly discuss retirement eligibility. To retire you must meet two requirements. First  is the minimum retirement age. You must be age 50,   age 52 if hired after January 1, 2013, or  age 55 if you’re a state second tier member.   The minimum service credit required  for retirement is five years,   or ten years for State of  California second tier members.

If you have less than the minimum number of  service credit years and you don’t anticipate   working additional years, you may still be  eligible to retire if any of the following   apply to you. If you are a CalPERS member who is  also a member of a reciprocal retirement system,   you are eligible to retire from CalPERS  without meeting the CalPERS minimum   service credit requirement, but you still  must meet the minimum age requirement.   You can visit the Reciprocity page on our website  and read When You Change Retirement Systems, which   is our publication 16 for information regarding  reciprocity if you have membership in another   California retirement system. We also have a video  called When You Change Retirement Systems that   can provide more information about reciprocity.  If you worked as a permanent part-time employee   for at least five calendar years, or ten years if  you’re a State of California second tier member,   you may qualify for part-time conversion  under Government Code section 20970.   If you’re an active member and think this applies  to you, contact us.

If you’re an inactive member,   complete the estimate letter request  process through your myCalPERS account.   If you believe you are eligible to  purchase additional service credit,   enabling you to meet minimum service  credit requirement, submit a request   for service credit cost information through your  myCalPERS account. Refer to the Service Credit   webpage on our website for more information  regarding available service credit types.   You can also read our publication, Service  Credit Purchase Options, which is publication 12.   For more information about retirement  eligibility, you can read publication 1,   Planning Your Service Retirement and  take a Planning Your Retirement class.

Now that we’ve talked about the basics of   retirement eligibility let’s  discuss retirement estimates. You have two options for  generating retirement estimates,   online in your myCalPERS account or via the  Retirement Allowance Estimate Request form.   Log in to myCalPERS to use the retirement estimate  calculator which provides an estimate based on   information you provide in addition to data your  employer reported to us. Remember, this is just   an estimate. Your actual retirement benefit  is determined when you apply for retirement.   The calculator is mostly used for service  retirement and provides you an allowance based   on the retirement date and option you select.  The calculator can’t be used if you’re retiring   under a disability or industrial disability,  you were a retired member who reinstated,   or you’ve accrued service as a local elected  or appointed official.

You must complete and   submit the Retirement Allowance Estimate Request  form if any of these options apply to you. If you   have a pending community property case and have  an acceptable filed court order for a time rule   division on file, then you must use the Community  Property Retirement Allowance Estimate Request. Once logged in to myCalPERS, your homepage  provides your CalPERS Account Summary.   Within the Retirement box,  if you’re eligible to retire,   the first thing you’ll see is Your Estimated  Unmodified Allowance.

This figure is system   generated based on your earliest retirement  date. If you’re not yet eligible to retire,   for example if your age 45, then you will not  see this estimated unmodified allowance, but   will instead see the years until your estimated  earliest retirement date. In this case the member   is already eligible for retirement, so the amount  shown is based on the date this page was opened.   There are a couple of ways that you can  get to the Retirement Estimate Calculator.   You can use the Retirement drop down and select  Retirement Estimate Calculator, or you can select   the Calculate a Retirement Estimate link found  in the Retirement box. Now let’s meet John. John is a CalPERS member planning for retirement.  To help him decide which option is best for him,   he runs a retirement estimate through his  myCalPERS account which provides him an estimated   dollar amount for each available option. In a  moment we’ll review his estimate in detail to show   you how the options work, but first I’m going to  walk through the retirement estimate calculator. Before running an estimate, it’s a good idea  to review the Planning Your Service Retirement,   publication 1, which covers how to plan  and prepare for your service retirement.   To get started on your estimate, select  the “Start a New Estimate” button.

There are three different ways  to select a retirement date.   You can select the Earliest Estimated  Retirement Date. If you are already over   the minimum requirements for retirement already,  it will automatically select the current date.   You can choose your age based on whole or  quarter year increments or you can choose a   specific date. In this example, John is choosing  to retire on a specific date, February 1, 2024.   Note that over on the right side of  the screen there’s the Steps section   which highlights where you are in the  process of completing your estimate. In the Monthly Final Compensation field,  myCalPERS may display an estimated final   compensation amount based on your posted  payroll history.

Final compensation is   your highest average monthly salary during any  consecutive 12 or 36-month period of employment.   It may include any eligible special compensation;  however, the system will not project special   compensation forward when requesting a future  retirement date. In addition, the displayed amount   may include a reduction of final compensation due  to limits established by the California Public   Employees' Pension Reform Act of 2013, PEPRA or  Section 401 (a) 17 of the Internal Revenue Code.   myCalPERS will only project your base pay  rate when requesting a future retirement date.   If you receive special compensation  that your employer reports to CalPERS,   or if you anticipate a future salary  increase, you can adjust the monthly   final compensation amount to use in  the calculation of your estimate.   It’s very important to know that your actual  final compensation amount is determined by CalPERS   after you formally apply for retirement.

If you  manually enter a final compensation amount and   you have more than one final compensation type  such as Classic, PEPRA, one year, three year,   etc., then this estimate may not accurately  reflect your final compensation per employer,   which may overstate your estimated benefit. In  addition, your final compensation cannot exceed   the compensation limits. Any reported special  compensation must comply with the California   Code of Regulations section 571(a) and (b) and  is subject to review at time of retirement. In the next field you’ll select your  current work status. You may be full-time,   part-time, or no longer employed  by a CalPERS covered employer.   When selecting part-time, myCalPERS will prompt  you to the hours you work per week and the months   worked per year. Answering full or part-time will  help us estimate how many years of service you may   have once you reach your estimated retirement  date. John is selecting Full-Time Employee. On the next page, you can identify if you  want to include unused sick leave in your   estimate and provide the number of hours  you anticipate having at time of retirement.  State and school members are  eligible to have sick leave   converted into service credit while Public  Agencies must contract for this benefit.   If your employer doesn’t contract for sick  leave conversion this page will not appear.   In order to qualify, your retirement and  separation dates must be within 120 days   of each other.

Upon retirement, your employer  will report your unused sick leave hours to us.   All other types of leave balances should  not be included in the hours you provide.   myCalPERS displays the maximum number  of hours allowed and will notify you   if you exceed the calculated limit based on  information in the system. John selects “Yes”,   because he has 200 hours of unused sick leave that  he wishes to have calculated into his estimate.

This next page is where you choose to include a  survivor. In John’s case, his employer contracts   for survivor continuance, and he’s been married  to his wife for over a year making her an eligible   survivor. If you’re employer doesn’t contract for  survivor continuance, you won’t see this page.   We’ll discuss survivor continuance in more detail  later on in the presentation. John selects yes. Within the Beneficiaries section,   you’ll choose whether you want to leave a  monthly benefit to someone upon your death.   A beneficiary is a person you identify to receive  a monthly payment after your death.

Your monthly   benefit payment is based on both your and your  beneficiary’s life expectancy at retirement.   Your beneficiary options are none, one, or two  or more. If you choose not to list a beneficiary,   your estimate will only reflect the unmodified  allowance and return of contributions option. Choosing the two or more beneficiaries  option requires that you enter either   the percentage or dollar amount you  want to provide to each beneficiary.   You’ll also have to provide each  beneficiary’s date of birth.   John only has one beneficiary, so he selects that  option. Under the individual beneficiary’s date of   birth, John enters his wife's date of birth. The  younger your beneficiary for a monthly benefit is,   the greater the reduction you’ll take  to your pension to fund their benefit.   There are some additional options. Flexible  Beneficiary option is for a customized lifetime   benefit upon your death. You can choose to leave  a specific percentage or choose a dollar amount.   This section is not required when choosing to  list a beneficiary. When filling out this section,   you can provide the percentage amount, dollar  amount, or both. Upon generating your estimate,   you will see all your retirement options  including both the flexible option choices.   John enters 25% and $500 as he wants to see  what the differences may be between the two.   To complete your estimate, select  the Calculate Estimate button.

This brings you to the Estimate Results  page. This page provides your various   Standard Options in retirement which includes  your monthly benefit amount, potential payments   made to your beneficiary upon your death, as  well as the amount you may receive if your   beneficiary predeceases you. We’ll cover all the  sections displayed on this page and explain the   options available to you shortly. Within the  Estimate Results screen, myCalPERS provides   five different options to see how retiring  later will affect your retirement benefit.   You can select six months or one through  four years. Once you make your selection,   you will select the View button. The page will  refresh and update with your new benefit amounts. Scrolling further down the Estimate  Results page will provide the amounts   for you and your beneficiary if you  chose the Flexible Beneficiary Options.   Towards the bottom of the Estimate Results  screen, you can choose to view your calculation   details which lists the information used  in your calculation.

You can save your   estimate scenario and provide it a name, or  start over by recalculating your estimate. If you’re within one year of your expected  retirement date, you can request an estimate   letter through your myCalPERS account which  provides a more customized estimate of your   potential CalPERS retirement benefit  amounts. These estimates will use your   current account information to project your  benefit as of your estimated retirement date.   You may request up to two CalPERS calculated  estimate letters in a 12-month period.   This also applies if you have a non-member  account or less than five years of service   credit and have established reciprocity  with another California retirement system. You can select the Start Estimate Letter Request  button to begin. If the estimate you just ran is   for a date that’s more than a year away, you’ll  receive an error message that the request will not   be processed. To receive this letter, you’ll  need to choose an earlier retirement date.   John selects the Start  estimate Letter Request button.   Within the Educational Leave screen, you can  indicate if you want to include educational   leave in your estimate and provide the hours  you anticipate having at time of retirement.   Your last employer must contract to provide  this benefit, and you must retire within 120   days of permanently separating from employment  for any educational leave to be included in   your retirement benefit.

John selects yes  and enters 500 hours of education leave. On this screen, you can identify if you are  a member of another public retirement system   for which you previously established reciprocity.  Reciprocity allows you to move from one retirement   system to another within a specified time  limit without losing your benefits. CalPERS'   reciprocal agreement with other California public  retirement systems can allow you to coordinate   your benefits between the two systems when  you retire from both systems at the same time.   If you are under PEPRA or have a combination  of PEPRA and classic service, there may be   restrictions to the reciprocal benefits you  receive. At time of retirement, your final   compensation will be reviewed for compliance  prior to paying your retirement allowance.   You should review the publication When You  Change Retirement Systems for more information.   For this scenario, John selects no as he  has only worked for a CalPERS employer.

If you are looking at a temporary annuity, this is  where you would let us know. A temporary annuity   gives you an increase for a period of time,  but your total monthly retirement allowance is   reduced for life. The Temporary Annuity screen  will not display as an option if you have a   membership date of January 1, 2002, or after,  and you do not contribute to social security.   When applying for a temporary annuity the annuity  benefit cannot exceed your estimated Social   Security benefit. We recommend you request an  estimate of your benefit from the Social Security   Administration before requesting a CalPERS  estimate that includes temporary annuity.

Review   the publication, Temporary Annuity to get a better  understanding of this benefit. John selects no. Before you submit your Estimate Letter request,  review your information to make sure it's correct.   If all your information is correct, select  the Submit Estimate Letter Request button. You’ll return to the main Retirement Estimate  Calculator page where you’ll receive the status of   your letter request. If myCalPERS calculates your  estimate, you should see a status of completed,   at which time you can select the PDF  link and view your electronic letter.   If your estimate requires  further validation by CalPERS,   your estimate letter request will remain in a  pending status which can take 30 days to process.   Once we have completed the determination  and calculation, you should expect an email   notification advising that your letter is  complete and available for review online.   If your request displays a status of ineligible,  CalPERS will mail you a separate letter advising   the reason for the denial and what steps  you may take to remedy the situation.   No further estimate letter will be provided  within myCalPERS.

John’s letter is completed   and available for review. John has completed  the request for calculated estimate process.   As a reminder, whether it’s the CalPERS generated  estimate letter or the estimate from myCalPERS,   this is an estimate only. Your actual benefit  is determined when you apply for retirement.   Changes in the pay rate or time base  can affect the final calculation. Now that we’ve gone through how to get an  estimate, let’s cover your Retirement Options.   Before we go into numbers,   there are some terms we need to define so  you can understand how the options work. For many of us the terms beneficiary and survivor  sound like the same thing, but at CalPERS they   have two distinct meanings. A beneficiary can  be anyone you choose to receive a lump sum or   lifetime benefit and is not set by law. It’s  important to note that if you are married or   in a registered domestic partnership but do not  name your spouse or partner as your beneficiary,   they may still be entitled to a community  property share of your retirement no matter   who you name as a beneficiary.

You do not  choose your survivor. They are instead defined   by law. State law determines who, if anyone,  is eligible to receive benefits as a survivor.   The survivor and beneficiary can be the same  person and often are, but they don’t have to be. Let’s explain a little bit about  the Survivor Continuance benefit.   Survivor continuance is a monthly benefit  paid after your death in retirement to an   eligible survivor. Your employer pays this  benefit and it does not cost you anything.   Survivor continuance is provided by law to  all state and school members. If you work for   a public agency, your employer must contract for  this benefit. For a survivor benefit to be paid,   not only does your employer have to contract for  the benefit, but you also must have an eligible   survivor. So even if your employer contracts for  the benefit, if you have no eligible survivor at   the time of your death in retirement,  then no survivor benefit will be paid.

Eligible survivors as defined by law are: first is  a spouse or registered domestic partner as long as   the marriage or partnership became effective at  least one year prior to your retirement and is   continuous until your death. If you retire on a  disability or industrial disability retirement,   then the one-year requirement is waived. If there  is no spouse or registered domestic partner,   then unmarried child under age 18 would  receive the benefit until they turn 18.   Next would be an unmarried child who became  disabled prior to age 18 and whose continuing   disability renders them incapable of holding a  job. The benefit would end if they get married,   become gainfully employed, or are no longer  disabled. Last on the list is a parent who   is economically dependent upon you for  at least 50 percent of their support.   If you don’t have any of the persons listed,  then the benefit is not paid to anyone. The amount your survivor would receive is  based on whether or not you contributed to   Social Security during your CalPERS career. If you  contribute to Social Security, then your survivor   will receive 25 percent of the unmodified  allowance after your death in retirement.   If you do not contribute to Social Security,  your survivor will receive 50 percent of the   unmodified allowance.

And we’ll explain what  the unmodified allowance is in a few moments. The amount your survivor receives upon  your death is the same no matter what   retirement option you choose or  whom you name as a beneficiary. Now that we understand what  survivors and beneficiaries are,   we’ll cover the Retirement Payment  Options. The option you choose   determines what benefits your beneficiary  receives after your death in retirement.   You must select a payment option when  you submit your retirement application.   Except for the unmodified allowance, all  other payment options require a reduction   in your retirement income in order to provide  a benefit to someone else after you pass away.   This reduction for a lifetime monthly  benefit is based on actuarial factors   based on the age for both you and your  beneficiary at the time of your retirement.   The younger your beneficiary, the  greater the reduction to your pension   to fund their benefit. We’ll come  back to that idea in just a bit. Which option you choose is one of the  most important decisions you’ll make   when you complete your retirement application.  Please note that the amounts on your retirement   estimate will differ from what we’re about to  review here.

It’s important that you generate   estimates to see your own amounts. Also,  estimates do not include any deductions,   including taxes, health or dental premiums,  union dues, or any other types of deductions.   So let’s get back to John’s estimate  beginning with the Unmodified Allowance.   The Unmodified Allowance provides the highest  monthly allowance paid for life. For John,   the unmodified allowance pays $4,678  a month for the rest of his life.   With this option there are no  benefits paid out to a beneficiary.   Because John’s employer contracts for survivor  continuance and he has an eligible survivor,   his estimate shows a survivor continuance  amount.

Because he paid into Social Security   during his career, the amount is 25% of his  unmodified allowance which equals $1,169.   You’ll notice that this amount will  stay the same regardless of the option. The Return of Remaining Contributions Option  1 provides an allowance that’s slightly lower   than the Unmodified Allowance. In this  example it’s $4,625 instead of $4,678.   Upon your death, any unused member contributions  in your account will be paid to your beneficiary   or beneficiaries in a one-time lump sum payment.  There is no monthly amount paid to a beneficiary.   Your contributions are paid out to  you as a portion of your allowance   over approximately the first  nine to13 years of retirement. John’s total contributions are $208,733.14. Every  month that he receives his retirement allowance,   this amount will be reduced by about $1,482.36.  His contributions will be reduced to zero in   approximately 11.73 years. This point occasionally  causes some worry amongst our members. They   look at their estimate and see the line “your  contributions will be reduced to zero” and think   that it means their pension will stop.

It doesn’t.  Your CalPERS pension is a lifetime benefit,   once your contributions have been paid out, the  difference is picked up by employer contributions   and CalPERS investment returns, so your pension  continues, and the amount doesn’t change. The remaining options we’ll cover provide a  lifetime monthly income to your beneficiary.   Since John’s beneficiary, his wife is also  his survivor, she receives the amounts listed   under both For Your Beneficiary After Your  Death and For Your Survivor After Your Death.   Let’s begin with the 100 Percent  Beneficiary Option 2. With this option,   you see that John takes a reduction from his  unmodified allowance of $4,678 down to $4,287.   If John dies first, his wife’s receives the  exact same amount John did while he was alive.   By adding the $3,118 beneficiary amount  and survivor continuance amount together,   it equals the same amount John was receiving  when he was alive, $4,287. If both you and   your monthly beneficiary die before all of  your contributions have been returned to you,   the remaining amount will be paid out in a  one-time lump sum to your secondary beneficiaries.   Next is the 100 Percent Beneficiary  Option 2 with Benefit Allowance Increase.   If John’s wife predeceases him, his benefit will  increase to the unmodified allowance of $4,678.   If John dies first, his wife's income doesn’t  change from the amount he was receiving while   alive.

Adding the $3,058 beneficiary  amount and the survivor amount together,   it equals the same amount John was  receiving, $4,228. This option does   not allow a return of contributions if both  you and your lifetime beneficiary pass away. Remember earlier we said that  the younger your beneficiary is,   the more of a reduction you will  take to your monthly allowance?   The previous example was for John and his wife who  is a year younger than he is. Based on the slides   we just covered, the 100% Beneficiary option  would provide a monthly allowance of $4,287.   By selecting to pay a beneficiary at time  of his death, John’s unmodified allowance   of $4,678 is reduced by approximately $400.  But say John wasn’t married but had a young   grandchild he wanted to leave a monthly allowance  to.

By naming his grandchild, John would take a   reduction of over $1500, reducing his pension to  approximately $3,136. Remember this is a lifetime   allowance so upon John’s death, his grandchild  would receive this for the rest of their life. Let’s move on to John’s next option. Suppose  he wants to leave his wife a monthly income   after he passes away, but the reduction to his  pension under the 100% options is too high.   They need more money while alive, and his wife  can get by with less after he passes away.   Perhaps she has her own retirement income. One of  the 50% Beneficiary options may meet this need.   The 50 Percent Beneficiary Option 3 pays more  than the $4,287 we covered under the 100% option,   in this case $4,468, because he is choosing to  provide a lower amount to his wife if he dies   first. In this case, $2,818 a month which is  a bit more than half of what John had received   while alive.

Remember, she’s getting both the  beneficiary and survivor amounts. If you don’t   have survivor continuance or an eligible survivor,  it would be an even 50% for your beneficiary.   If both you and your monthly beneficiary die  before all your contributions have been paid   to you, the remaining amount will be paid out in a  one-time lump sum to your secondary beneficiaries.   The 50 Percent Beneficiary Option 3 with Benefit  Allowance Increase option pays him $4,437 while   he’s alive, but his wife would receive less  if he should pass away. In this example the   beneficiary portion is $1,634. With the survivor  continuance, that comes to $2,803 for John’s wife.   If she should pass away first, John will  increase up to the Unmodified Allowance. Finally, the Flexible Beneficiary Option 4 allows  you to designate a Specific Percentage or a   Specific Dollar Amount to a beneficiary. For this  option you can name one or more beneficiaries.   In this example, John can provide a specific  percentage of his benefit to his wife.   To provide this amount to his wife, his amount  is $4,512.

Or, he can choose a specific dollar   amount of $500 to leave to his wife. In this  case he gets a monthly amount of $4,616. Remember, choosing an option is one of  the most important things you’ll do when   you submit your retirement application. We  have a few next steps you’ll want to take.   It’s important to generate your own retirement  estimates. The online retirement calculator allows   you to estimate different scenarios, different  retirement dates, different beneficiaries, and   more.

There’s no limit to the number of estimates  you can create online. You should look at the   entire income you’ll have for retirement and know  what you wish to provide for your beneficiary   if you should predecease them. For example, some  people may also receive a Social Security benefit   or deferred compensation payout in addition to  their CalPERS pension, while others may not.   You should also review the Planning Your Service  Retirement (PUB 1) for more information about   getting ready to retire. To gain a better overall  understanding of your CalPERS benefits and get   your questions answered, you can sign up for an  instructor-led class that’s offered virtually or   in-person at one of our regional office locations.  You can enroll through your myCalPERS account. Before we end, I want to tell you that this  presentation, like our previous presentations,   is available as a video on our YouTube  channel. Access our YouTube channel through   our website www.calpers.ca.gov, or directly on  the YouTube website at www.youtube.com/CalPERS. Our presentation today was intended to provide  you with information about your retirement   estimate and the retirement options available  to you.

Please note that CalPERS is governed   by the Public Employees’ Retirement Law. The  information in this presentation is general. The   Retirement Law is complex and subject to change.  If there is a conflict between the law and the   information presented in this presentation,  all decisions will be based on the law.   Later today, you’ll receive an email with  a short evaluation. Please answer all the   questions as it’s important for us to get your  feedback to help us improve these presentations.   Thank you for taking time out of your day to  attend this presentation and have a great day.
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The Secret to a Successful Retirement (Do these 8 things!)

while we all may have a vision of what retirement looks like to us there are many obstacles to get that get in the way and maybe you're one of those people who are actually afraid to retire and maybe you're afraid to retire because you don't know what you're going to do all day you know just like any time in your life emotions come to play and your emotions are real but if you've got emotions that are holding you back and poor planning or bad luck that can get you off track entering your retirement so today in this video we're going to talk to you about eight guiding principles to a retirement transformed [Music] we're going to give you the eight principles to ensure that you stay on the right track you know when we began our retirement um a couple years ago we had actually prior to that we had this great vision of what we wanted retirement to be and it included traveling the globe spending time with our parents being surrounded by our kids and our grandkids and that plan was great it was great until it wasn't and that may be the same vision that you have we found that there's so much more so much more to do so much more living to get accomplished and the best years are really ahead and if you hang your retirement on this vision of three or four things travel entertainment a golf three days a week hanging out with your parents and your kids when any of that gets off track like it did for us we both lost all of our parents in two years time right and now they're not part of our retirement right and let's be honest all of us who have kids your kids are busy they're doing what they're supposed to do they're launched into their lives with either their kids or their friends or their communities and that's how it should be we started this business because we found it so easy to get off a track and we found ourself floundering so what we did we put together these eight guiding principles and the first one is about financial planning which we don't do we don't do any financial planning but you've got to get a sound solid financial plan in place otherwise you're going to lament over it forever you've really got to get that house in order and there's a there's a bunch of things you can do to make that happen yeah you definitely should hire someone that's going to give you an objective view of where you sit financially so you can get past any financial insecurities that you may have and understand what type of lifestyle you can afford yeah you can't imagine owning 100 yacht when you can't afford it so you've got to have your vision your goals and your desires line up with how much money you're able to take out every single year because we don't want you spending every day every month every year worrying about your finances worrying about how you can live so you have to get that lined up in the beginning so you know what you can do so principle number one get your financial house in order right principle number two is focus on your health don't overlook this as we age we are more susceptible to disease and sickness and we have so many stories from so many clients that had great retirement visions and then they got sick some of it they couldn't prevent it and you know the other thing is some people but some of it they could prevent they they can but some people enter retirement with no plan no vision nothing and it kills them right it happened to my dad it happens to dozens of people every day with 10 000 people turning 65 every day and entering retirement you really got to have a solid plan on what you want to do and your health is so key so for men go see your doctor doctors get a baseline find out what's great about your health and find out where you need some help and for women you know get your annual checkups make sure you don't discard those maybe like you did during your career skip a year on this or that now is the time for self-care and self-love and including in that is exercise 20 minutes a day at a minimum move your body i think i don't think if you follow us on social media and instagram and all of that you know about our morning routines that includes exercise so it's really important to make sure that's part of what you do and i would just add pay attention to your body how you feel how you look how you're showing up how different foods make you feel how you sleep after eating different foods nutrition is the key to success for your internal body you know we've been paying attention to that for a couple years now we both know exactly how we're going to sleep if we eat this food or drink this certain amount of wine we know what's going to happen so we eat healthier and we drink less because we sleep better and we feel better right you know the third principle which is so critical is your spouse partner relationship it's a fear that holds people back from retiring right because they don't want to end up being home 40 plus hours more of free time with their spouse that's true and you know divorce rates are down in america but gray divorce has a serious upward trend and that's because you're spending more than 40 hours together now you used to spend that time apart and retirement is a shock to the best of a relationship yeah so if you're if you're spending just nights and weekends together and all of a sudden now it's 40 hours it is a shock to the relationship and you know it's important to have communication skills to get through this we did a great um youtube video on responding versus reacting and it's something that you and i continue to work on every single day and we'll leave that leave it in the notes below but being able to talk to your spouse or partner in a relaxed setting honestly without judgment is hard but you've got to find a way to do it and you know in our online course we spend a few sessions on just that and i think it's that important it is it is so principle number four and we talked a little bit about it earlier and if you watch any of our videos you know we're proponents of this establish a routine and it may be the last thing you want to hear as you enter retirement but it works you know if you don't have a routine or you want to take some time off because you spent 38 years getting up at six o'clock to go to work and now you don't that's fine take we listen we're big proponents of taking a gap year don't have a routine for a while but pay attention because without a routine what can happen is you start to float from minute to minute day to day week to week month to month and you don't need a routine all day every day but you do need to anchor a few things down and get some basics under your belt it can help you every day schedule some hobbies and sports and your wellness and your self-care and date night yeah and when is our date night our next one i don't know we're filming video like crazy people i don't think we have any time for date night well we should make time yeah and i love a morning routine and jody loves the morning we've tried a lot of other things but we start our day pretty religiously and there's either a youtube video we've already done and we're going to do on morning routine so make sure you subscribe to our channel and share it with others and if you're getting value out of this please do that because we want to help as many people as we can have the best retirement ever so the fifth principle is wisdom sharing and i say that and when we talk to clients about it it's it's misunderstood at different points you know each of us had a 30 plus year career with fulfillment and engaging and relationships and helping leading mentoring others but finding a way to to to move from your career where you have all this experience all of these stories uh these values everything that you've learned to take that and move it into an area where you can serve others going forward is so important you know when my dad retired at 65 he was the most engaging inspiring happy friendly great guy ever that would be a wonderful coach or mentor for people but he took all that experience and he wrapped it up and he put it in a box and he tied it up with a bow and he put it on the shelf in the garage and then he slid into retirement and it it killed him frankly it killed him because he didn't have this engagement right where he could help others he really lost his way and you know your experience your skills your talents your stories are all meaningful to help others as they're developing their pathway and if you think about it wisdom sharing through volunteering is a great way to get started yeah sharing your time and your talent and your resources around um something that interests you a disease a cause something that aligns with your core values even if you just just give a few hours a week it's it's helpful in a couple of different areas so principle number six have a master plan and a master vision without this it's easy to spend every day wondering what's next and feeling unfulfilled with no real purpose and you're always wondering what to do you know it's funny i remember we were just flying last week and we ran into that guy who was waiting for his baggage and he just started to talk about the fact i don't know how it came up about his retirement and how he failed at retirement the first time he's probably 68 years old he left his career he had no plan lasted about six months and he went back to work because he didn't have a master plan he didn't know what he was going to do and we don't want that for you but i think the success in that story is he did go back to work and he took the time to then develop his master plan and vision for his next and final retirement which he's thoroughly enjoying and you're spending a lot of time on his vision with his family and if you're struggling right now you know you want to start to write a little bit we talk about journaling all the time what's missing from your retirement and what's holding you back from retiring where do you see yourself living and how do the five pillars fit in you know our our whole course and our whole um business business is around the five pillars physical wellness mental wellness relationships spouse partner relationship and wisdom sharing with a wrap-up of communities around it so principle number seven there's going to be a transition that takes place there's going to be a transition when you leave your career and you enter this new phase it can be hard you know it's hard for everybody so you're not alone from career into retirement there are challenges around you know identity losing your work friends and your work family those 40 free hours that you've now gotten back they're a blessing but what are you going to do with it you know we reference this great book and we'll leave the notes down below again the way of transition by william bridges and it's the three stages of transition one is letting go so you need to let go of your old identity then you end up in a neutral zone where you're not really it's really you used to be and you haven't figured out who the new you is right and you can stay there for a little while i was there for five years after let me tell you after i read this book i realized i was in a neutral zone for five years i couldn't let go of my old identity i wasn't really sure what i wanted to do right and i was still and it's messy it was awful there's regret remorse and all of that so the transition is tough so you need to realize it's going to happen and you need to embrace it so just so that you're clear it's letting go the neutral zone which is chaos and then the new you and that's the part that you can really that's when you do that then you come out full steam ahead and it's great principle number eight we kind of stole from my mom she was a big fan of saying you know pick your heart and what she always meant by that was you know it's hard to diet but it's hard to carry around 20 extra pounds it's hard to retire but it's hard to work when you're not feeling fulfilled right right it's hard to go to the gym and it's hard to be in you know where you're just laying around so i can't remember the example she gave you at the time but in retirement it's different and some things are better and some things are worse but you've got to pick your heart you know it's hard for us to work on our relationship and to communicate better and better and to give each other advice and to give each other space but it's a lot harder for us not to talk and to be mad at each other and to pass in the hallway and just not say anything so you've got to figure out what's what's most important to you and i think you get it right it's hard to grow and it's hard to live in a fixed mindset which is another youtube video that we had done love your mom for that pick your heart yep now look these eight principles go hand in hand with our five pillars so keep this in mind as you live this phase and pick your heart you know you're gonna have a plan or not have a plan if you enjoyed this please share with your friends and also subscribe by clicking the button below and finally join our free facebook community jody and i go live in there every tuesday we take your questions we have a lot of fun the link is in the notes below thank you guys for listening and we look forward to seeing you again soon you

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Transitioning to Retirement Part 1 (5 to 10 years before retirement)

so what we created for you is a three-part series that we're about to release today is five to ten years prior to retirement and in the future you'll see the one to five years and then that 12 month out when it's go time today is all about the transition into retirement you know when you think of the word retirement sometimes you think of things like getting old being useless or sitting on a beach drinking pina colada that sounds a little up day long sometimes you think about golf three days a week or treating every day like a saturday but the reality is it's a very hard transition going through this transition with some planning effort habits and routines that serve you will definitely yield amazing results and the opposite if you leave it to chance and just show up it can be disastrous you could find yourself feeling rudderless with really no idea what to do every day so what we created for you is a three-part series that we're about to release today is five to ten years prior to retirement and in the future you'll see the one to five years and then that 12 month out when it's go time you know we're going to give you four key strategies that you can use right now to ensure success again i know you're 10 or 5 years out but it's really important so we're going to give you those strategies and then at the end of this video we're going to give you five action steps that you must implement right now now you know mark and i have learned a lot over the past 13 years and we've had our fair share of failures successes we have a list of things we would do differently and a very long list of things we've learned and you know we want to better prepare you for this amazing transformation so why don't we begin with the first strategy and the first one you'll be familiar with it's planning don't roll your eyes yeah you know people say why would i have to plan for my retirement well here's the thing you've had a long career i'm sure my career was 38 years i planned every day every week every month every quarter every year every five years so we're all used to planning and the correlation is this phase can last 30 years so why would you not plan a good place to start would be to get a journal and we're going to talk more about journaling in the next episode the next series one to five years out because it's important so the second key strategy would be understanding the risks and how to deal with them so you might say to yourself what risks are there in retirement and i'll tell you we've done research on the big three the first is loss of identity you no longer have your ceo card or your president card or your head of sales card or your office or your email or your team yeah or your branding you know you walk into a room and there's jody she's svp of chubb blah blah blah that goes away so you do lose your identity the second of the big three of risks is your loss of community all of your friends and your clients and your situational friendships your restaurants you went to the maitre d's you knew the hotels you frequented at events you know you lose that community and that's a big deficit right and the third one the third risk of entering retirement or when you enter retirement is you're going to get 40 or more new free hours that come your way which feels liberating it does feel liberating but you have to figure out what to do with them we have a great video youtube we did on time affluence in retirement so we can put that link down below as well but the third strategy after starting to get familiar with the risks is starting to think about a vision for this phase and if you've been following us for a while you know we talk a lot about five pillars physical wellness mental wellness relationships spouse partner relationships and wisdom sharing and the sixth one that we've been really batting around which isn't in our vernacular right now but it's really the community and how to build a community for yourself during this space because you don't want to do this alone so five to ten years out we want you to think about the pillars we want you to think about where you are with each of the pillars where are you with your physical health your mental wellness you know where are you with your relationships and so on now's the time to start the thought process and spend the next five or ten years thinking about them making them part of who you are the fourth strategy is to start thinking about habits and routines and really drill down on what is serving you well what are you needing to quit what are some new habits that you might want to pull into your retirement and into this next phase of life and your favorite morning routine you know my morning routine our morning routine during our career get up have a cup of coffee watch a little news do as many emails as we could before we could get to work catch up on all of that i was going to say there was making lunches and finding soccer outfits but then jumping in the car and going to work right you know your first day at home that first monday when you're sitting there you don't have that you're might be empty nesters like we were so you look across from each other so you want to start thinking about your morning routine now and maybe start to change it and you also want to kind of take stock of the habits and routines that you have now and how are they going to translate into retirement and i'll give you an example a habit i had when i was going out to dinner entertaining clients was well first you sit down and you order a bottle of wine if i did that habit every time i went out to dinner during retirement i'd be drinking an awful lot of wine is that a habit that i want to pull into the next 30 years or save it for special well we should pull that in for the first six months that falls under the failure another category yeah it was a failure but anyway so if you implement work on these four strategies for the next you know five years you're going to start to get some clarity on retirement what should i worry about what am i excited about what's it going to look like and you're going to have comfort in knowing more about what's out there than maybe you do now you'll also get a higher sense of what success is going to look like for you that's a big one individually for the next 30 years and you know the really big one is it will help you hone and drill down on what will your purpose be yeah and your passion purpose and passion we hear those words used all the time yeah and right now during your career if you're still in it you've got purpose and you might have passion around your job but passion in retirement where's that going to live for you and then the other thing that comes out of doing all of this work is being in control of your life you don't want to just let everything happen between now and the day you walk out the door without being proactive with everything that you do and you know it takes courage to be in control of your life it takes courage to be in control of your own calendar and your own day and you have 30 years to work that out so listen if you're getting value out of this please share give it a thumbs up and copy the link below and share it with your friends so let's do the five action steps five action steps that you should do now the first thing meet and hire a financial planner you know we can't emphasize this enough and even if you're a smart financial person and you manage your stocks and all of that it's so good to have an outside independent third party help look at your benefits your pension your 401k um and that's not us it's not us no no we don't do anything in this area we have a financial planner and it just allows us to know that that is clear and it also you get to know do you have enough money to retire that's always important what's your date right what date do you have in mind yeah because you never think you have enough money right but the financial plan will help you if you're going to live this way you have plenty of money the second action step if you're married or you have a partner i cannot stress enough communication what is your combined vision you can't wait till the day after you walk out of your office to start to convey what that is to your partner or spouse and i'll yeah i'll tell you this is an area where many couples fail big time they both had jobs they both were great all they spent their weekends together and nights but all of a sudden now they're together all day long and the wife has one vision and the husband has another and it's and actually on any one of the pillars yeah they could have different visions on physical wellness or relationships or you know anything that has to do with retirement so the key is start talking about it now right you don't want to wait until you're home the first day after retirement to start figuring out what your vision's going to be now the third one is to think about how you're going to show up in the five pillars we mentioned so what do i mean by showing up how are you going to enter retirement physically right mentally with your relationships intact or not you know how are you going to show up with your spouse partner you have to make a concerted effort to show up in the right way and the fourth step call some of your retired friends see what they're just actually fun it is fun i remember going down to florida to play golf with my buddies and the older guys from our club were there and what's it like what do you do and well every day is like a saturday but you know i could see they really weren't that healthy not all of them were were doing what what i thought made sense but i just figured that's what happens and ask him some tough questions yeah what do you love about it what are your lows like what are your highs like you know have you built a community of like-minded people and if you have how did you do it how did you figure out where to live all of those things but they're a great resource for you and the fifth step start having a discussion about downsizing or we could call it right sizing this is another area where families run into trouble so just start imagining what life could be if you've got the big five family house with a five bedroom house for all the kids full bathrooms and all that you know as they start to leave the nest which you want them to do do you really need a house that big and maybe you do but the idea here is to decide do you want to continue to have that large house and if the decision is yes then that's good right but not knowing is bad right one of the things we did as we traveled around we uh that's why how we ended up in in connecticut we came here for summers on our boat and we loved it and so we decided to build a house yeah but we did a lot of searching we did a lot of googling we did a lot of reading we did a lot of house tours we looked at a lot of different communities and you will find the one that's right for you but i would start early again the day after you leave your corporate career or your business is not the time to so those are five steps that we hope you do right now we're going to give you three books to read speaking of learning that are critical we think to read at any time prior than retiring to retiring one is second mountain by david brooks the second is the way of transition by william bridges and one of my favorites is the five love languages by gary chapman it's just a great communication book and we'll put those links down below great reads you know today we've shared some ideas and some strategies and some steps to help you begin this journey but again i can't emphasize enough don't wait even if you're 10 years out start thinking now and here's advice from me who's really bad at challenging conversations don't put them off sit down find a way to have an open dialogue and just you know be kind to each other and listen to each other because everyone has an opinion and also don't forget to watch the other two parts that will be behind this and with some effort and some planning and some real action you can enter this phase with a whole successful strategy laid out if you enjoyed this please share with your friends and subscribe by clicking the subscribe button below and don't forget to join our free facebook community the link is in the notes below as well thanks for listening and we look forward to being with you again

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Why is Everyone So Tired in Retirement?

you know after slugging it out for over 30 years in Corporate America I was exhausted when retirement arrived I really needed a break and I needed a break too so we spent the first few months in retirement really doing nothing nothing meaningful right well hanging around kind of lazy mornings turning into lazy days into lazy weeks and maybe even lazy months but we knew something had to change or we were doomed we wanted our dreams of a fulfilling retirement to become a reality so we had to make some changes so today we're going to share with you some strategies that you can try so that you're full of energy every single day and take on anything that comes your way but before we go further we'd like to introduce ourselves my name is Mark Rollins and I'm Jody Rollins and we started retirement transform not only for us but for all of you and the other 10 000 people turning 65 every day now we don't focus on anything Financial none of the aspects financially or retirement but we focus on lifestyle Health relationships and more and listen if you're new here please hit the Subscribe button and also the notification button so you'll get notified when our videos come out so let's jump into all the things that tend to make you and me tired especially in retirement okay the first thing that gets you tired too much downtime and that might just be for instance watching too much TV and I don't know if you know this or not but the average number of hours people over the age of 65 watch TV each week is 38 hours a week that's like Couch Potato syndrome it is and you have to be careful with that because it does make you tired nothing wrong with watching a Netflix series or some TV but you can't do it six or eight hours a day yeah lack of movement will really keep your body and your mind tired you have to find ways to move your body even 20 minutes a day just getting out walk 10 minutes One Direction and 10 minutes back and you will feel very different what happens if you walk seven minutes one way and four minutes back and then you have to do 10 jumping jacks oh and then all right because you're going to be late yeah but there's a scientific study multiple scientific studies that say moving 20 minutes a day can extend your life by five years who wouldn't want that exactly exactly so the first one is too much downtime the second one is poor nutrition and we know you've heard this before but please just make believe you're hearing it for the first time poor food choices fast food sweets and too much eating out or even eating late is bad for you being mindful of what your comfort food is and how much you go to it is also something to be aware of yeah I think that you know for us we're getting a lot better with nutrition and really because we're starting to really pay attention to what our ordering tells us about sleep and how we feel but also just our body when we put certain foods in our body we really pay attention to how we feel and having wine or drinks and a late dinner at night we both know we're going to have an awful night's sleep but you didn't bite on comfort food comfort food I you know I need to stay away from comfort food fried chicken Oreo cookies chocolate chip cookies that's the stuff that my mother always made for me and it was Comfort I I need to stay away from that yeah and I know I know it's hard to in retirement to stay away from wine and drinks maybe that's me but um you just be mindful of it and to give your yourself and your body a break from it is really a good feeling yeah and all of what we just talked about leads into the third uh item to make you tired which is getting poor sleep and honestly we need to do an entire video on sleep because I just looked and we really haven't spent enough time on this and the importance of getting a good night's sleep most people need seven to eight hours of good sleep in order to feel good and have high energy absolutely and you know the eating late too much alcohol just doesn't help that you a good portion of our lives in Corporate America and you as an entrepreneur entertaining clients and living that way eating late entertaining clients some wine with dinner and we knew it wasn't sustainable so what makes us think in retirement that that would be sustainable well it's funny because our last five years of work really we were probably working harder than ever before we were entertaining harder than ever before that was our normal and when we got to retirement that normal didn't work for us it really didn't so you just have to be able and to think about making some life changes and it's not easy but it's doable so we have sleep as the third one good sleep quality sleep not just time in bed right the fourth one is really lack of routines during your career you had your routines wired I know you did you had a morning routine during your career and then you were off to work and your day was planned a lot of time your schedule was filled before you even got into the office but many people enter retirement and the last thing they want to do is have a routine I know and you know we hear that a lot but we also hear from our clients when they start with a routine even a basic routine going to bed at the same time getting up at the same time and it doesn't have to be 5 a.m like me I mean you don't get up at five minutes you've got your own routine I don't sleep I do but you have a routine once they start plugging in a routine getting up at the same time every day plugging in a little bit of uh walking for 20 minutes and exercise maybe on top of that doing some meditation with a app like headspace mindfulness that really starts to kick in their energy level and makes them feel better in their retirement phase and you know I really resisted this idea of setting a regular time to go to sleep and a time to wake up in retirement and I don't know if you remember I pushed back pretty hard on Mark started at like 10 o'clock we're gonna you know go to bed at 10 o'clock or you know he wants to be in bed at 10 o'clock which really many wanted to be asleep at 10 o'clock which meant bed 9 30.

Yeah but you also weren't going to let me go to bed alone that's just a me thing right so you so you dragged along with it I did you laid there with your eyes open for an hour in the beginning well I would read or something but but oddly enough our clock kept kind of going backwards the other thing I'd say about routines is I got a call this week from one of our 25 year olds we have two 25 year old twins Jordan that lives in New York City and she said you know something mom starting Monday getting back to my routine and I found that so interesting that the self-care part of routine and sleep and waking and all of that is being ingrained in the younger generation which is great it is great so another reason that you might be tired you could have some underlying health issues that you don't know about it's so important to go to your doctor at least once a year and have things checked out because as we age things in our body change and it could be that there's something going on that's keeping you awake at night that's making you feel tired during the day so going to see your doctors on a regular basis is so important yeah there I mean there could definitely be some issues going on that need to be addressed and you know we have friends that actually have said to us we never go to the doctor because we don't want to look for trouble and I'm just not sure that that's a great way to live through this phase of your life yeah and you know in retirement if you're not exercising and you're eating and drinking more than you used to you're going to gain weight a lot of people gain weight in retirement now all of a sudden you pick up an extra 10 15 20 pounds and it's slowly so you don't notice it but that leads to diabetes so you want to get your heart checked you want to get your body checked you want to go see your doctor I recently went to the doctor and found out that I had plaque buildup on some of my arteries that's it yeah it's a scare I suppose but it also has helped get me focused on doing the right thing eating better exercise and getting good sleep yep because that you're on could be out of balance again this goes back to checking with your doctor you know if you're not sleeping and you're gaining weight and you're having trouble going to the bathroom or you're going too much you know find out why it's just not something to sweep under the rug yeah you know if you're getting up four times a night to go to the bathroom it could be as simple as you shouldn't drink water two hours before you go to bed or it could be something else or it could be a medication that you shouldn't take in the afternoon you should take in the morning or yes the important thing we're trying to get across here is see your doctor check your meds you know I was pre-diabetic seven years ago and I changed that with diet and exercise so you can actually be proactive and make some changes as well don't have your doctor just say here's some meds talk to them more about what some of the things you can do to change your lifestyle to become healthier so we hit the doctor we hit the meds let's go to the seventh thing that we came up with you know dehydration dehydration for sure will make you tired that's a no-brainer it leads to all sorts of problems poor sleep heart rate issues blood pressure problems brain damage even death you had an episode a couple of summers ago with dehydration I did I was working in the yard I was working really hard I was sweaty and I wasn't drinking water did all that work it was a hot humid day showered we got dressed to go to dinner we walked down the street to have dinner you know I don't know 500 feet and right in the beginning of the dinner basically long story short I just went down and I fainted and I had to be taken to the hospital and that was preventable it's not hard to effects you need to drink one half your body weight in ounces of water that's a minimum I weigh 160 pounds that's 80 ounces of water a day that's seven to twelve glasses of water a day it's not that hard right right it really isn't it really is and it's so so important to do that so listen it's okay to have lazy days it's okay to splurge with food and wine you know it's okay to binge watch TV but not every day not for your optimal retirement it just isn't sustainable and there's nothing worse than feeling tired all day long and you know people that say that right they get up and they say oh tired midday they're like oh my God I'm so tired yeah don't you get tired of hearing people say how tired they are yeah and maybe some people just say it but you don't have to it doesn't have to be like that right you want to try a day or even a week implementing what we shared today and see if there's any changes that play take place see how you feel you actually might like it you might find a new normal and it becomes a habit now we hoped you like these strategies and changes that we talked about today check out our next video extend your life in retirement by avoiding these four bad habits these are definite changes you need to make so watch this video to go deeper on extending your life and being healthier

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