Aging Boomers: Avoid These Downside Risks

These events that could threaten you when you are age 50+ reach across life domains ranging from financial, health, and relationships. No one can identify all the potential negative events that are to be avoided, but certainly some are more common and identifiable and can be avoided.

When we were young, it was all upside gain that appealed to you but as you age at a certain point you realize that you may have more to lose than gain.

The aging process can cause you to become more fragile to events that could cause you or someone else harm or even death.  Your choices help determine your exposure to risks.  Identifying these potential harmful events and avoiding them is smart.  You have more to lose than to gain by participating in some events.

These events that could threaten you when you are age 50+ reach across life domains ranging from financial, health, and relationships. No one can identify all the potential negative events that are to be avoided, but certainly some are more common and identifiable. Here are some items to consider. Continue reading “Aging Boomers: Avoid These Downside Risks”

The Certificate of Deposit (CD) is Still King

Regardless of the trend of recent decades toward greater sophistication in retirement savings, the certificate of deposit, or CD, is still king. The obvious advantage of the CD over traditional savings accounts is that they typically yield significantly higher interest; with the primary drawback being the commitment that one incurs to maintain the deposit for a specified period, usually from six months to five years.

Retirement Savings – Safety

With interest rates now rising, it may be the time to invest in a certificate of deposit ladder or US Treasury Bills.

In saving money, safety has always had an opportunity cost; that is, lower rates of return than for instruments incurring greater risk. In retirement, we don’t want to loose our savings, that is for sure.  So, how can we offer ourselves the greatest opportunity while we are obsessed more with the return OF our money than the return ON it? Continue reading “The Certificate of Deposit (CD) is Still King”

Stress and Responsibilities

Baby boomers have responsibilities that can be hard to meet and sometimes that can result in stress. Here’s how to relieve stress overload.

The birds are singing. I woke up with their sound at 4:30a.m. to begin my day.  It is Thursday on the calendar but Monday for me. That is the day that I begin my work week.  I started reading baby boomer blogs on the computer as I drank my morning coffee.

Some people wrote about exercising and healthy eating.  Others wrote about how difficult it is to save money for retirement.  Then one person wrote a humorous blog about finding a vibrator as she dug in the garden to plant watermelon.  This gave me encouragement to write about stress overload. Continue reading “Stress and Responsibilities”

Booking Strategies To Get The Best Cruise Price

I asked Vince at CruiseShipCenters why should I book a cruise early, like a year in advance.  Here is his excellent reply which I gained his approval to share with you.

Why Should I Book A Cruise Early?

Hi Robert,

I was thinking about our conversation from yesterday, and wanted to share a few more thoughts. This email may get long, but I hope you’ll find it interesting and useful. Continue reading “Booking Strategies To Get The Best Cruise Price”