Your Money & Your Life

This week, we have a number of interesting articles…

A 2016 Information Technology and Innovation study found that inventors tend to peak in the 40s and remain productive in the second half of their careers.  The average person applying for a patent is 47 and the highest value patents are held by inventors well over 55.

A study involving Nobel physics laureates found that noteworthy discoveries and breakthroughs are made at the average age of 50.  The study says that the peak of creativity for Nobel winners is getting higher every year.

Your Mental Game Already Stands Above Others-Just Get Better by Doing This…

The good news is that even if you are not as ‘mentally quick’ as you were at 25 you can still use good old fashioned focus-an off-set to make you the smartest person in most rooms.  Your life experience often gives you the edge so don’t let your age be a barrier or an issue.

Your Money & Your Life

Most folks have always put their money into the Money At Risk sector when it comes to investing.  You know what I mean…the volatile stock market usually via a self-directed 401[K} plan since pension plans among U.S. firms went away with most other benefits years ago.

Indeed, the few remaining Middle Class jobs with real benefits are those that are funded by taxpayers-government jobs…teachers, law enforcement, bureaucrats and politicians.  You might be surprised to learn that many doctors, lawyers and dentists earn far less than what you think.

Ironically, the cost of things [inflation] have drastically increased during the past 25 years and since 1984 the government decided to tax your Social Security earnings if you earned additional income that exceeded $25,000 for a single person and $32,000 for a married couple – those income thresholds have never changed, providing a sneaky cut off point for the government to raise revenue and benefit from inflation while our purchasing power has dramatically decreased during the same time and as all seniors know, the cost of living adjustment we get is virtually zero.

If your income is between $25,000 and $34,000 you have to pay tax on up to 50% of your Social Security benefits.  It is above $34,000, up to 85% of Social Security benefits are taxed.  [Perhaps that is why so many of my retired military friends have chosen to retire to Costa Rica where the cost of living is low and the quality of living is high].

Here’s an idea about food storage called “Leftovers: How to Tell When Good Food Has Gone Bad.” Using your leftovers can not only be a big-time money saver, but it is also a time saver. However, you need to know how much time you have before last Monday’s dinner needs to be thrown out.

The second article is about
frugally freezing meats. Along with leftovers, your freezer is a wonderful tool for saving money if you know how to use it right. I thought that it was just a matter of tossing food in the freezer. Not so! I was surprised at how much I learned about using a freezer.

The third article is about another great money-saving tool,
a digital grocery pricebook. I’ve been a big fan of grocery pricebooks for years. They don’t change what you eat, just how much you pay for it!

Review some of the free resources offered in this weeks’ updates and FEEL FREE TO SHARE THEM!

Thanks to Perfectus Elder for sharing this bit of humor from David Letterman…

 

Memory Lane is closed for repairs!

 


Resource Roundup – Share with your friends!

 

Why U.S. Drugs Cost So Much

Learn more plus find resources to lower your costs at:

AARP.org/Lowerdrugcosts

 

>>Medicare enrollees with limited incomes-Go to:

Ssa.gov/prescriptionhelp  or call:

800-772-1213

 

Speak w/ trained counselors to navigate Medicare/Medicaid at Eldercare:

800-677-1116

 

Can’t afford your medications-Need financial assistance?

Go to:  Needymeds.org and click on the Patient Savings Tab

 

 

69 Things You Can Get for FREE!

Only one thing beats getting a good price on something, and that’s getting it for free.

Our list of freebies is packed with 69 something-for-nothing deals. We don’t allow any useless junk on our list—only quality goods and services that you would happily pay good money for (perhaps you’re already doing so). From free food to free investing and financial services to free technology and entertainment, we have something here for everyone.


 


If you have not yet gotten a real start on your retirement planning and saving, an understanding of these key concepts and guidelines can help.





Make the right moves toward retirement in your 20s, 30s, 40s, 50s and 60s.

 

 

 

 

 

You’re entering a new season of life. You can just let it happen or you can plan the life that you want. We ask an expert how to get the most out of your future. Read more.

 

 


 

 

 

 

 

Reverse mortgages are often considered a last-resort source of income, but they have become a great planning tool for cash-strapped homeowners. Read more.

 

 


 

Additional Resources that will come in handy

 

5 Simple Steps … to Bypass Wall Street, Fire Your Banker, and Take Control of Your Financial Future

 


 

 

 

What You Need to Know about Writing a Will
Know how to write a will that will protect your heirs.

 

Save on Airfares:

Search for the best deals among multiple websites-and sign up to get e-mail alerts when prices drop at:

BookingBuddy.com

 

Share the Land

Free service matches prospective gardeners in search of space with people who have land to spare:  SharedEarth.com

 

Live Healthier

Rev up your metabolism, choose the best workouts, fight acid reflux and more at:

MindBodyGreen.com

 
Get Wealthier

Learn how to save your first million plus dozens of other calculators to crunch numbers on auto loans, long-term care, pension-plan retirement options and more.

360FinancialLiteracy.org/Calculators