It has almost become cliché to assume that older Americans have a love/hate relationship with technology– leaning more toward hate. As it turns out, that is a broad generalization that
Weekly Focus
BABY BOOMERS: THIS IS NOT YOUR FATHER’S RETIREMENT
If you were born between the years 1946 and 1964, as many in our JCN community were, you have been dubbed the Baby Boomer generation. Now many of us are either retired or looking forward to retirement, but what does retirement in America mean in the 21st century? It certainly does not look much like the retirement years of our elders. It looks better.
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Today most of us are aware that scam artists are plentiful and clever. However, when the IRS issues a warning about a particular scam, it is well worth our attention.
The good news is that we are living longer. The worrisome news is that we are going to have to stretch our finances for more years than we may have expected. Enter long-term care insurance, “designed to cover long-term services and supports, including personal and custodial care in a variety of settings such as your home, a community organization, or other facility,” according to the U.S. Department of Health and Human Services.
Is long-term care insurance appropriate for you? That is a decision each person must make, but chances are you will incur some unexpected expenses associated with aging. A number of factors should be considered, including whether you have a chronic illness, how your family history may predict your need for long-term care, and how your lifestyle (diet, exercise, etc.) may affect your future health and wellness.
Is cash about to go the way of VCRs, pay phones and black and white televisions? Society is changing rapidly,
If the name John Neyland is familiar to you, that is because you are probably already a member of our community. Our community includes JCN Financial and Tax Advisory Group, Strength Science Studios and John’s Dream.
Our three enterprises may seem quite different from one another, but we see them as all part of our one goal – to help people have their best lives. JCN Financial aims to help you establish financial security and peace of mind for your future. Strength Science Studios offers a scientifically-proven exercise program, primarily for mature adults (although everyone is welcome). John’s Dream is John Neyland’s charitable foundation. Neyland has been mentoring troubled or disadvantaged young people for 25 years, one deserving person after another. Today, many of those people are productive, contributing adults.
There is good news and bad news about the American job market. The good news? We are experiencing the lowest unemployment rates in a long time. The bad news: Older workers are still being discriminated about in hiring, inclusiveness and promotions. Ageism is alive and well in the workplace.
A recent survey of 1,265 baby boomer (people born between 1946 and 1964) job seekers, 52.5% of respondents said they have experienced age discrimination by an employer or potential employer. Similarly, 44.5% of baby boomers surveyed believe their generation is unfairly stereotyped by employers. If this sounds familiar to you, keep in mind it has little or nothing to do with your skills or experience. It has everything to do with a youth culture that permeates the American workplace.
One of the best ways to live a full life – at any stage of life – is to keep learning. That does not necessarily mean you have to go back to school or commit to a long-term endeavor. Consider Webinars. Webinars, for the uninitiated, are seminars in which you can participate online. There is an endless variety of topics and subject areas, and those interested can participate from the comfort of their own homes, or anywhere there is online access.
Even if you already took your summer vacation, maybe you deserve one last blast before summer has passed. Here in Louisiana, you do not have to go far to have a great weekend getaway. Everything from moderately-priced camping experiences to luxury accommodations will be poised to welcome early Fall visitors. There are dozens of options, but we have selected five of our favorites. Don’t just take our word for it – get packing and let’s go!
Financial News
Warren Buffett, 89, is worth $89 billion (as of July 2019). Along with a number of other billionaire’s he has pledged to give away the bulk of his estate to charitable causes. According to published reports, Buffett intends to give away 99 percent of his fortune. Having lived as long as he has and created one of the most successful companies in America, Berkshire Hathaway, Buffett has great wisdom to share. Here is what Buffett has said about a number of issues of the day:
Fitness News
Chances are you have heard of Tai Chi, and you may have even seen groups of people making the slow-motion dance-like movements. But many people do not know exactly what Tai Chi is.
Tai Chi, often referred to as “meditation in motion” is an ancient Chinese practice that combines movement, controlled breathing and mind control. Practiced as a graceful form of exercise, it involves a series of movements performed in a slow, focused manner and accompanied by deep breathing. Tai Chi requires time and dedication to learn, but once learned, it can be highly beneficial to both mind and body.
Giving Back
Here is a novel idea: This holiday season, instead of spending tons of money on gifts, a growing number of celebrants are using some of their gift money to support Louisiana charities. You may be surprised at how many non-profits and charitable organizations exist in our state. Just in case this sounds like an interesting idea to you, here are just a few of the worthy groups that need our help:
How wisely are you using your free time? Your doctor would probably advise you to use some of that time each day for physical activity. The not so surprising news is that a majority of Americans would prefer to stay still and look at some type of screen during their off hours. And by now, we all know that a sedentary lifestyle often leads to compromised health.
John’s Corner
JCN FINANCIAL NAMED TO TOP ADVISERS LIST
JCN Financial and Tax Advisory Group has been named one of the Best Financial Advisers in Baton Rouge for 2019. This honor is bestowed upon us by Expertise, the organization that uses proprietary research to find the best service providers across the country. We thank Expertise for this honor. If you are a current client of JCN, or a potential client, we encourage you to meet with one of our advisers whenever you are ready to discuss your finances. Let us offer you our expertise. Call 877-755-0488 for an appointment.
BLACK FRIDAY Is More than One Day
This year, the previously post-Turkey-Day event kicks off during the first week of November with deals continuing to roll out through the month’s end (and some sales even stretching into December territory).
Black Friday lasts all month
HOW STOCKS PERFORM IN ELECTION YEARS
Election Day is a year away, and stocks are poised to keep rising over the next 12 months with an incumbent in office – that is, if history is any indication. Since 1952, the Dow Jones Industrial Average has climbed 10.1% on average during election years when a sitting president has run for reelection, according to the Stock Trader’s Almanac.
Bull market continues
HIGHER 2020 401K CONTRIBUTION LIMITS
How much can you save for retirement in 2020? The Treasury Department has announced inflation-adjusted figures for retirement account savings for 2020: 401(k) contribution limits are up; traditional IRA contribution limits stay the same; almost all the other numbers are up.
Save more – earn more
Retiring Abroad
More Americans than ever are choosing to retire out of the U.S. The number of retirees who draw Social Security outside the U.S. jumped 40%, to more than 413,000, between 2007 to 2017, according to the Social Security Administration.
Why are retirees fleeing the U.S.?
Baby Boomers Real Estate Trends
There has also been a 31% increase in the number of older owner households. But renting seems to be trending more than buying in the last years, especially for the growing elder age group which is making its presence known in the real estate market.
The 60 and older generation is taking over the real estate market
Bezos and Musk talk about leadership
Jeff Bezos leads Amazon and Blue Origin, the space company that wants to take you to the moon. Elon Musk leads Tesla and SpaceX, the space company that wants to take you to Mars to join a colony. Collectively the companies they lead have generated over $1 trillion in market value over the past 10 years. Hear what each has to say about leadership.
Billioinaires’ leadership styles
Baton Rouge Named on Top Retirement Cities List
It comes as no surprise that Baton Rouge has been named one of the top 20 cities in the U.S. for retirees. As senior populations continue to grow, every part of the country will become more senior-dominated, but some more than others. Now the rest of the country is finding out what we already knew – Baton Rouge rocks!
Retirees Thrive in Baton Rouge
Top 10 Upscale Travel Destinations
If you consider yourself an “upscale traveler,” others like you areare seeking adventures in less-visited destinations from Latin America to the Middle East to off-the-beaten-path Europe this fall and holiday season, according to new data from global luxury travel network Virtuoso®
Luxury Travel Destinations
What You May Not Know About Social Security
Social Security benefits are based upon how much was earned during your working career. Choosing when to receive these benefits is one of the most important financial decisions you will make. If you choose to retire when you reach your full retirement age, you will receive your maximum benefit amount.
All About Your Benefits
Are You Ready for Retirement?
The Annual Transamerica Retirement Survey explores attitudes about retirement and retirement readiness among American workers. Since 1998, Transamerica Center for Retirement Studies® (TCRS) has conducted a national survey of U.S. business employers and workers regarding their attitudes toward retirement. You may be surprised at some of this year’s survey findings. If you are retired or retiring this year, this is a must read.
What is “Retirement”? Three Generations Prepare for Older Age
Take care of your mind and body
Mega-billionaire Warren Buffett says ignoring your mind and body health is like “leaving your car out in a hailstorm.” The evidence shows it has surely worked for him. It can work for you too.
Warren Buffett’s sage advice for young people
