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.
Weekly Focus
LIFELONG LEARNING: WEBINARS
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.
We spent some time scouring the internet for webinar resources, many of them free of charge. Our goal was to find sites for mature adults, and subject areas that are widely applicable and diverse. Here are several webinar resources that we feel may be of great interest to our JCN community:
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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!
We all know bad habits are hard to break. But if your worst habit has to do with the way you manage your money, breaking it could change your whole life – in a good way. If you overspend, don’t save money, over-use credit cards, pay bills late or consistently impulse buy, it may be time for a fiscal intervention. Now that we can buy everything from groceries to a new car with one click on our keyboards, reining in your bad consumer impulses takes real self-discipline.
Those who commit the above-listed money sins are often so used to being strapped for cash or hounded by bill collectors, that they may not even realize there is a better way to live. Further, many money sinners might believe they have been in the financial hole for so long that it is too late to climb out. That is absolutely untrue. Age has nothing to do with modifying your financial life. Here are common sense tips to help you have a healthier financial life:
Financial literacy is nothing more than a skillset designed to help you be in full control of your money and your investments. The problem is that many people do not take the time to develop these skills. Think of it: You learn skills associated with home repairs, cooking, interacting with people, driving, athletics, housekeeping and a host of other things required for your daily life. So why would you neglect perfecting your financial skills?
If you want or plan to retire, or if you have recently retired, financial literacy may be key to your well being for the rest of your life. For some people, the idea of financial control can be daunting. It does not have to be, and just focusing on a few key skills may make all the difference. Spoiler alert: The bottom line may have much to do with finding the right financial advisor. But before you do that, take a few proactive steps:
For many people, the idea of an early retirement is the holy grail of career success. Everyone has heard the stories of people who made their fortune early and then retired. And how many times have you day dreamt about not having the freedom to do what you want to do, instead of what you have to do. But is retiring at an early age all that it is made out to be? There are a number of serious considerations that must be thought through before giving up your job or your career for the sake of freedom. Financial independence is just one.
College-it’s not just for kids anymore. More older adults
are starting or returning to college than ever before. Maybe you are one of them, or maybe you have been harboring a desire to further your education. For many older would-be students, the prospect is daunting. It is often the Intimidation factor that prevents older adults from pursuing this dream. The good news? Many colleges and universities around the country have programs designed with you in mind.
Conventional wisdom tells us that once you retire from your long-term job or career, your work life is over. Not so fast. More retirees are going back to work than ever before, some by choice and others by necessity. Whatever your reasons, just be aware that your skills and experience are intact, and often in demand after you retire. Retirees are going back to work in record numbers. Call it “reverse retirement,” if you will.
There are some predictable reasons for these increases. First, baby boomers (those born between 1946 and 1964) are living longer, healthier lives. Advances in medical science coupled with a greater focus on physical fitness and more information on healthy eating, have enabled people to not only live longer, but to thrive. Additionally, the culture has changed. While 65 was once considered “over the hill,” those 76 million plus baby boomers respectfully disagree.
Here are a few quick tips on how to re-enter the workforce after retirement:
According to a recent report, only 42% of American’s have estate planning documents, such as a will or living trust. This may not be entirely surprising. No one wants to
be reminded of their own mortality or spend too much time thinking about what might happen once they’re gone. But a will is an instrument of power. Creating one gives you control over the distribution of your assets. If you die without
one, the state decides what becomes of your property, without regard to your priorities.
A will is a legal document by which an individual or a couple (known as “testator”) identifies their wishes regarding the distribution of their assets after death. A will can typically be broken
down into four main parts.
Whether you are gainfully employed, retired or unemployed, everybody can use extra income. Today, we are in the middle of what is casually referred to as the “gig economy.” The gig economy is made up of short-term jobs or freelance assignments, sometimes referred to as side hustles. Do you need a side hustle? How can you determine something you can do on the side to bring in that much needed extra money?
Step one is to identify a need that you can fill with your skills and experience. That is why so many retirees are so adept at finding income-producing side hustles. One who has spent a full career honing skills and talents has much to offer.
It probably comes as no surprise that the foods you eat can positively or negatively affect your mood, as well as your health. Much attention is paid to smart eating to keep you physically healthy, but what about your mental and emotional health? The Centers for Disease Control reports that anti-depressant pharmaceuticals are among the top three prescribed drugs. Although many people benefit from these drugs, there are a number of foods that might also be beneficial to add to your daily routine and diet.
When giving to charitable organizations, some people elect to support through cash donations. Others, however, understand that supporting an organization may generate tax benefits. They may opt to follow techniques that can maximize both the gift and the potential tax benefit. Here’s a quick review of a few charitable choices:
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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.
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
Bill Gates’ revolutionary healthcare enterprise
Microsoft Corp.’s co-founder has invested heavily to fight specific diseases, including a pledge of $1 billion to end malaria. Yet the challenge for much of the developing world is how to get health care day to day, not just for a single illness. Now the Gates Foundation has made its first foray into online health care.
Bill Gates and former bass guitarists tackle health care
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
BOOMER REINVENTION
How many times have you been fired? Do we hear a chorus of “never”? Probably not. Getting fired is more common than you think. So is job dissatisfaction. Whatever your reasons, you may get to mid-life and need to reinvent yourself professionally. John Tartoff was fired seven times during his film career, and then he decided to go back to school for a degree in psychology. Now he has written “Boomer Reinvention” a book about strategies to start a new career after 50. Watch:
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
5 Financial Books
You know the old adage: When you know better you do better. That is true for your personal finances, too. Here are five great summer reads that offer practical financial advice.
5 Financial Books to Add to Your Summer Reading List
Avoid Vacation Stress
Why are vacations so stressful? Between booking reservations, clearing your calendar, budgeting and deciding where to go, what should be a relaxing respite sometimes becomes pretty burdensome. Travel Writer Rick Steves has 10 solid tips to save you money, time and stress when you’re on vacation.
Travel guru Rick Steves shares 10 tips to save you money, time, and stress when you’re on vacation
