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Here’s How to Prepare for a Retirement You’ll Enjoy

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When you’ve worked your entire life, there’s nothing more fulfilling than retiring from your job and living out the rest of your life in peace and style. Getting to that phase of retirement isn’t always easy, but with the right preparation and planning, it’s well worth it. Here are some things you’ll need to retire the way you want to. 

Get Your Current Finances in Order 

If you haven’t yet spoken with a financial advisor, make an appointment. This meeting can occur years before you retire or years after. You can’t make it too early or too late. 

You’ll discuss your current assets, retirement savings and goals, investments, debt, and more. Depending on what stage of the planning process you’re in, you’ll make goals and schedules to help you achieve the retirement you want. 

If you have debts that need to be repaid, you’ll also want to seek credit counseling. A counselor can help you visualize your debts and current financial needs in order to make informed decisions for your future.  

You’ll want to discuss ways to protect your assets so that you can liquefy or pass them down to your children when you’re gone. Nobody likes estate planning, but it’s an important part of the retirement process.

It’s also wise to invest and diversify your portfolios. Do some research on investments that interest you and ask your financial advisor for guidance in maximizing these investments and getting the highest returns. 

Save for Future Medical Costs 

While you’re planning for your financial future, consider potential medical costs. You don’t always know what medical bills will hit you in the future, and you don’t want your children to be liable for your bills and debts. 

You might not realize it now, but you could end up relying on Medicaid at some point in the future. There’s nothing wrong with that but be sure that your nest egg isn’t being put at risk in the process. You might speak with an attorney about planning a Medicaid trust to help protect your finances while getting you the medical repayment you need.

A financial advisor will have some good ideas about what you should save for medical costs, but current financial experts recommend saving about $300K for medical expenses during retirement. 

Live Somewhere Amazing 

Now to the fun part! Choose where you’re going to live out the rest of your life. Will it be a small, rural, breathtaking mountain town where you can go skiing in the winter and hiking in the summer? A house on the beach where you can swim or walk along the sand all year long? Will it be next door to your grandkids?


Wherever you plan to go, consider what you want to do and where you want to be as you age. Expenses play a role. If you’re going to be on a fixed income, you’ll need to live somewhere with an affordable cost of living. If you have a little extra to burn, you’d have your pick. 

Consider access to medical care and family as well. You don’t want to be cut off from the things that are most important to you as you age, but don’t let that ruin your sense of adventure! 

Consider Your Family 

Although your children and relatives may not be living with you when you retire, you should still factor them into your retirement plans. Whether you’re seeking a little more space from them or more closeness, this may influence where you decide to retire. 

In some cases, your children may want you to live with them. You’ll want to consider how you feel about that, your current health needs, and your expenses before making that decision. 

Furthermore, do you want to pass it on to your children and grandchildren? You certainly don’t want them to inherit debt, medical expenses and other issues, which underscores the importance of careful financial planning. Estate planning is another essential step to ensuring your peace of mind in retirement. 

Live Frugally 

One of the best things that comes with age is wisdom and patience. You’ve learned a little about how frugal living enables you to have everything you’ll need or want in life. So, whether you have a lot or a little saved for retirement, you can use self-control to live the life you want without worrying about your later years and the legacy you’ll live behind. 

It’s much easier to enjoy all the benefits of retirement when you’re not spending money on frivolous wants. This doesn’t mean you shouldn’t spend money in retirement—you’ve earned a few splurges, after all. Just be choosy about how you spend. 

Evaluate what you want at the end of your life, whether it’s lots of experiences through travel, a boat to sail around the harbor, or just lots of family time. Then, make spending choices that allow you to achieve these goals. These insightful, frugal decisions will provide you the relaxing retirement you need.

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Calling All Daredevils Thrill Seeking and Extreme Sports

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Daredevils

The view over the canyon is breathtaking and the climber knows it. As she sits near the edge breathing in the clean air on the summit, she marvels at the beauty here at the edge of a basin carved out by water eons ago. She finishes a protein bar and gets up, checking her shoelaces and patting all around her as she makes sure her equipment is secure. She backs up from the edge and takes one last deep breath before running forward and casting herself over the edge. As she plummets to the ground the bungee cord she’s attached to swings her on a wide arc. Involuntarily she wonders, as she always does, if her companion measured and secured the rope properly. She will soon find out.

The Risk is the Reward

For the habitual thrill-seeker, the feeling of adrenaline that accompanies death-defying feats is the toppings on the sundae. Without that cocktail of anticipation, fear, exhilaration, regret, relief, triumph, and jubilation, none of the activities would hold the same appeal﹘no matter how beautiful the view, or how strenuous the effort. Why do they do it, when the alternative is complete finality? Reasons include:

  • The Respect of Onlookers: The old adage of “if it was easy everyone would do it,” is never more true in sports, and even more so in extreme sports. Whether the person is competing to finish a marathon or surf a tidal wave, they are willing to put up with a lot of punishment in the lead-up to a moment of pure adoration by those around them.
  • The Feeling of Exceeding a Limitation: In much the same way para-athletes train their mind and bodies to overcome the limitations caused by their disability, participants of extreme sports look at the metaphorical (or in some cases, literal) Everest and say to themselves “what if?” There is no better feeling than seeing an old boundary sail past you in the rush of accomplishment.
  • Chasing the Bucket List: Some goals are driven by the hope of apotheosis, others by curiosity; bucket lists take all sorts, and seeing that list get crossed does a lot to convince that life has been well-lived. 

For people falling from a cliff with a thick piece of elastic string attached to their ankles, they may have goals that took them to the top of the mountain, but that carousel of feelings while suspended in the air is the gas that makes it go.

From Provocateur to Professional

It’s true that over time the amygdala﹘the emotional center of the brain, where feelings like fear and happiness come from﹘can be conditioned to accept a certain level of risk. After all, the subject of the 2018 documentary Free Solo, Alex Hannold, famously showed no stimulation in the amygdala while taking an MRI and answering questions designed to elicit an emotional response to thrill-seeking. But what happens when those who are drawn by the myriad of emotions from their sport are able to manage that emotional response practically; when they have moved on from provoking the amygdala? Well, many of them become professionals.

The path to these so-called “extreme professions” is different for everyone, but for those that involve passengers, such as a pilot or stunt driver, there are special academies that provide the appropriate licensure. Other individuals forego the route of becoming a professional doer of the sport and opt to be in a career adjacent to the thing that they love, either because they are past their physical prime, or because they want to qualify for more robust insurance. These might include professions like a sports coach or a pit boss.

Practical Skills

The often unforeseen consequence of participating in an extreme sport is that in order for an athlete to have the greatest chance of survival over a long period of time, they really need to become an expert in what they’re doing. Car enthusiasts become exceptional car mechanics, and go on to work in auto care shops wherever they live; surfers become swim instructors. 

Everyone gets good at estate planning.

That is another side effect of extreme sports: when you’re waiting for the bungee cord to got taut, the fear is abated in part by confidence in your preparation, both for what you’re doing and if something should go wrong. No matter what the sport is, all thrill seekers﹘from skydivers to scuba divers﹘should get acquainted with their local estate planning law firm.

The world of extreme sports is a thrilling one but comes at a high risk. It’s the type of thing where everyone can try it once, but only the people who have dedicated themselves to technical perfection, who are meticulously attentive to details, and who are able to master their emotions ever get the chance to do it a second time.

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Lifestyle

Help the King by Helping the People

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Helping the People

First, a parable: A benevolent king sat upon his throne, sick with dread. “The recent famine has starved my people, and our country lags behind our closest neighbors in both industry and learning. I fear that in our weakened state, we are open to attack from a foreign power.” Each day the king would hold an audience with his subjects, listening to their woes and doing his best to understand the reason for their outrage. Finally, fed up with feeling powerless to help even the poorest of his people, the king called together his council of advisors and ambassadors to discuss what could be done.

“I may not be the best or the brightest here,” said the king, addressing his cabinet. “But I know where we are suffering, as a nation. I have heard our people cry out for food, work, education, and opportunity. I can’t do everything myself, but I will exercise what powers I have over what I can do.” With that, the king sent envoys to neighboring countries with the hand of friendship, thus creating allies and trade. He instructed his dukes and vassals to establish schools in their lands and paid for tradesmen, industrialists, and farmers to teach the people how to advance through burgeoning technology. Finally, he elevated the hardest working of his subjects to new lands and titles. Slowly the country started to prosper, and the people flourished. The king, now free of his distress, surveyed his land with quiet pride and fulfillment, knowing his country was prepared for whatever the future might bring.

Having Eyes to See

Like the king in the story, our minds have the lofty calling of being in charge of it all. But all too often we might feel powerless in the face of what we deem to be overwhelming deficiencies. After all, we can’t be good at everything, and yet there are myriad things outside of our direct control that would weigh in on our health and happiness. Even things we can control might feel out of our reach because we don’t have the knowledge or experience or perceived strength to manipulate them for our good. 

In times like these, when we feel as if the whole world is pressing down upon us, it is essential to take stock of the situation in the clear light of day. Therapy, and ultimately change, can only happen when we have an accurate estimation of the problem. Sometimes in order to do this, we need to prepare our minds to receive this news. It is a skill that takes practice and courage to perfect. Once we can honestly look at what needs to change, then we need to be honest with ourselves about what we can do on our own, and what we need help doing. 

Healing Through Accomplishment

Don’t underestimate the power of getting things done; making a checklist and crossing things off is a classic tool to help improve your mental health. This list represents actual things that you can do, and as you see it get filled up and checked off, you will realize that you are taking the steps that need to be taken for the good of your own personal kingdom. The checklist might be full of big things like finishing your degree or losing weight, or small things, like raking the backyard or delivering homemade bread to your neighbors. It’s likely your actual list will have a mixture of both. It is imperative that you give yourself the grace to say “I might not know how to do this, but there are people who can help me.” The king from our parable didn’t know how to teach his subjects everything they needed to know, nor could he likely construct the machines necessary to advance his country out of its current predicament. But it was still his responsibility to make sure those things happened. It is okay to realize that you don’t know how to change the oil in your car, but that car is your responsibility nonetheless. Luckily there are people who can help you with that

Effort is Sacred

When it comes down to it, no one likes feeling powerless. There is little an average person can do to change the turning of the world, or slow the wheels of industry. But realize that effort is sacred, and taking pride in what you can accomplish is essential to bolster your mental health. As President Lincoln said, “All the armies of Europe and Asia…could not by force take a drink from the Ohio River or make a track on the Blue Ridge in the trial of a thousand years. No, if destruction be our lot we must ourselves be its author and finisher.” He could have easily turned that around and said that we are the authors of our own success, as well.
Bringing relief to the king by serving the individual needs of the people is the principle, and it’s okay if executing on your plan takes time. But it’s important to take time to work towards a goal whose progress you can see in a shorter amount of time. In this way, working with your hands is usually the quickest path to accomplishment. Try building something in the garage, planting a garden, or baking a recipe; lots of little steps–little victories–get us to the big destination.

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Donating to Charity is a Lifestyle Choice

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Donating to Charity

Are you considering donating to a charity that feeds, clothes, and houses to the poor and needy? If thus, does one understand that there square measure several advantages to supporting a charity as a way of a lifestyle choice?

If you do not gift to a charity or NPO (Non-Profit Organization) often, it’s price revisiting this call. Because the discussion below can elucidate, giving is a vital part of living a healthy, fulfilling life.

The global socio-economic climate

We presently Live in a world that has modified drastically long. Most of the worldwide population is crouched reception, waiting out the novel coronavirus, COVID-19. This virus is very contagious and has infected over two.2 million individuals across the world so far, with nearly one Lac fifty-five thousand deaths.

One of the foremost effective, if not the sole, suggests that of dominant the unfold of the virus is social distancing, or staying far from people. Several consultants believe that the majority of the world’s populations are going to be staying reception for the predictable future. There square measure differing views on the world’s ability to forestall the continuing infection rate through herd immunity. And, a good immunizing agent is regarding eighteen months to 2 years away.

Consequently, there’s each indication that the “new normal” is here to remain. And also the economic consequences square measure dire. The article titled, Coronavirus: Worst economic condition since Nineteen Thirties depression, IMF says, revealed on the BBC.com web site, and indicates that COVID-19 can “turn international growth sharply negative” in 2020. In addition, these economic conditions are going to be the worst since the good Depression of the Nineteen Thirties. A world organization study noted that eighty-one of the world’s manpower had been sent home as a result of the forced closure of non-essential businesses.

Not solely in this situation a heavy monetary challenge for people, businesses, and government, it presents a grave challenge to the NPOs or charities WHO support the poor via charitable donations from people, governments, and company entities.

Reasons why it is important to make donating to charity a lifestyle choice

At this juncture, it’s important to confirm that you just solely gift to a factual charitable organization. Otherwise, you run the danger of paying over your hard-earned funds to a deceitful organization. By manner of increasing on now, this philanthropic organization is an associate example of a verified charity.

The silent question asking why it’s essential to not solely gift to charity, however it’s important to create donating to charity a way of life alternative deserves a thought-about answer. Thus, by the manner of respondent this question, let’s take into account the subsequent points:

Our purpose on this earth is to do good

Richard Dawkins, an outstanding atheist, believed that grouping was placed on this earth as “throwaway survival machines, whose sole purpose is to survive and replicate genes.” There would be no purpose for our existence if this were the sole reason for our time on planet earth.

Steve Taylor, a senior lecturer in a scientific discipline, Leeds writer University, is of the opinion that “human life isn’t a purposeless house between birth and death, spent attempting to relish ourselves and chuck our quandary.”

And finally, the shrink, Kim Domingo, believes that every one we’d like to try and do is to indicate up for the day and do no damage. In alternative words, our existence is outlined by our unselfishness, and by the great, we tend to do.

Therefore, being altruistic and doing smart is decided by whether or not we tend to gift to charity or not. And, our unselfishness distinguishes or limits America.

Giving is good for our mental and physical health

According to the mental state Foundation, UK, there’s a “strong relationship between the successfulness, happiness, and longevity of these folks who square measure compassionate. Doing smart will facilitate scale back stress and improve your emotional success.”

In alternative words, donating to charity lowers vital signs, will increase shallowness, improves negative mindsets, depression, and anxiety, will increase happiness levels, and improves longevity. Therefore, by wanting outward to assist the less lucky, we tend to really improve our own quality of life.

We influence others to give

The influencer culture has gained traction as a result of the inflated prominence of social media in our lives. Consequently, an associate influencer is delineated as “someone… with the ability to have an effect on the… quantitative actions of others by uploading… original… content to social media.”

In alternative words, we’ve got become a nation that square measures simply influenced by what people do. Therefore, if we give, we tend to influence others to repeat our unselfishness. And this response is even additional crucial than it ought to be as a result of the cruel economic times we tend to square measure experiencing.

Final thoughts

Based on the discussion mentioned higher than, it’s cheap to conclude that donating to charitable or philanthropic organizations could be an important part of our time on earth. In fact, it’s our raison d’etre for our existence.

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