Five Surprising Retirement Truths Including How Sex Increases Longevity
Sex In Retirement?
Want A Longer And Happier Retirement?
Included in Robert Laura’s new book, Naked Retirement, are five retirement truths that may just surprise and inspire you. Pass it along to your family, friends, and colleagues.
Sex in Retirement:
According to the Mayo Clinic, sex can prolong life for ten or even twenty years. Having at least a hundred orgasms a year can prolong your life up to eight years and reduce your mortality rate by half.
Retirement Age:
Despite the number of significant tax and legal changes that have impacted retirement planning over the last 25 years, the age at which you are expected to retire (65) was established over 127 years ago by a German Chalcellor.
Friends:
According to a study at Flinders University in Australia, people with an extensive network of good friends and confidantes outlived those with the fewest friends by 22 percent.
Volunteer:
According to a University of Michigan study, adults over 65 who volunteered at least 40 hours each year to a single cause were 40 percent more likely than non-volunteers to be alive at the end of study.
Retiring Single?
You’re not alone. Single people are now 96 million strong and make up 43 percent of the adult population. Three of every four people age 65 or older are women.
Forget traditional retirement planning! Get Naked! NakedRetirement.com
Naked Retirement strips down the old traditional models of retirement planning and replaces them with a more creative and intuitive approach that helps people take control of their retirement planning, saving, and investing.
The magazine style guide provides an intimate look at the evolution of retirement, reveals ten trends dramatically changing the retirement landscape, and includes a series of exercises that includes mental, social, and health planning awareness instead of just financial aspects.
Discover The Best of What’s Next for only $4.99
Robert Laura
Author, Naked Retirement
888-267-1138
Challenge Traditional Retirement Planning By Going Naked
Get Naked
Naked Retirement: A Stimulating Guide To A Secure And Meaningful Retirement strips down the old traditional models of retirement planning and replaces them with a more creative and intuitive approach that helps people take control of their retirement planning, saving, and investing.
The magazine style guide provides an intimate look at the evolution of retirement, reveals ten trends dramatically changing the retirement landscape, and includes a series of exercises and information that includes mental, social, and health planning awareness instead of just financial aspects.
“Retirement planning can no longer be one-dimensional, focused merely on providing information such as how pensions or 401(k)s work. It needs to be expanded so that issues like replacing your work identity, level of social involvement, and relationship needs are addressed,” according to author, Robert Laura.
Billed as the ultimate defense against the scary, anxious, and stressful feelings people get on their first day of retirement when they have only a financial plan full of numbers and charts to guide them, Laura targets the psychological aspects of retirement with concrete exercises like the development of a “Curious List” to add direction and purpose to retirement.
The guidebook culminates into a one-page Naked Retirement plan that can help current and future retirees, as well as planners, estimate preparedness and the likelihood of a successful transition from the workplace to retirement.
Naked Retirement is available at NakedRetirement.com for $4.99 and is emailed in pdf format directly to purchasers.
The Commencement Report and The Wealthy Graduate
This year approximately 2.5 million people will graduate from high school, 1.5 million will enroll in college, and approximately 750,000 will graduate from college.
The Commencement Report provides graduating high school and college students with interesting facts and stats about the wealthiest people with and without a college degree, highest paying jobs for high school and college graduates, highest starting salaries out of college, and graduation day spending trends. Get it
The Wealthy Graduate is the report every adult wishes they had when they were just staring out and helps take the mystery out of what it takes to achieve personal and financial success. Get It
by Robert Laura
Robert Laura is the co-founder of Synergos Financial Group and The Retirement Project. He is an author, speaker, and frequently quoted in major media including: Wall Street Journal, Smart Money Magazine, Bankrate.com, Fidelity.com, TheStreet.com and more. He is the author of Financial Karma, The Five Most Important Financial Things They Don’t Teach You In School, and Naked Retirement (out in June 2010).
Financial FYI: How does your spending compare and how many pre-retirees plan to work in retirement
How Do You Compare?
The average American household spent $37,782, last year, not counting mortgage or rent. Divided into six categories, 23 percent on shopping, 14.5 percent on getting around (gas and auto expenses), 17.5 percent on food and drink, 7 percent on travel and leisure, 17 percent on house- and home-related expenses, and 21 percent on health and family.
Austin, Texas residents were the No. 1 spenders in the U.S., averaging $67,076 in overall household expenses over 2009 (excluding mortgage and rent). The lowest-spending city in the U.S. was Detroit, where residents, hit hard by the recession, spent $16,446 on items including food and drink, shopping, gas, travel and entertainment. Source: Bundle.com Read The Full Story
Retirement Reality
According to new retirement research by LIMRA’s 44% of pre-retirees plan to work in retirement, 24% are involuntarily forced to retire and 76% of retiring couples do not retire simultaneously. Furthermore, only one in six retirees even have a financial plan. Source: Financial-planning.com. Read The Full Story
Corporate Taxes
General Electric filed more than 7,000 income tax returns in hundreds of global jurisdictions last year, but when push came to shove, the company owed the U.S. government a whopping bill of $0. Similarly, both Bank of America and Exxon Mobile also paid no US income tax for 2009. Source: money.cnn.com Read The Full Story
Personal Taxes
A CNN/Opinion Research Corp. survey indicates that nearly three-quarters of Americans say that the government wastes their tax dollars and roughly half the public believes the tax system is unfair. As a result, four in 10 say they’re angry about the amount of taxes that they pay. The poll also indicates that Americans are split on their overall opinion of the country’s tax system: 49 percent say it’s fair and 50 percent say it’s unfair. Source: cnn.com Read The Full Story
Personal Finance Tip!
Sending off a son or daughter to college and wondering how much financial aid you’ll get? FinAid.org has an Quick Expected Family Contribution Calculator that takes just one minute to complete. It will help you understand the major variables that affect financial aid. For a more-accurate estimate, try FinAid’s Financial Aid Estimation Form. For tips on how to increase your child’s chances of receiving funding, see Improve Your odds for College Aid. Source: Kiplingers.com Read The Full Story
Smart and Simple 401k Fixes
By my estimate if you stayed in the market through the recent turmoil the value of your 401(k) account is probably getting close to where it was a year or so ago. But remember, you’re only back to where you used to be, not necessarily where you need to be. So don’t pat yourself on the back just yet. Here are three simple things you can do to fix your 401(k)
1 Make sure your asset allocation lets you sleep at night. The percentage of your money that you put into different investment types either increases or reduces your account’s market risk. If you were 70% stocks and 30% bonds before the market drop, and you didn’t like the rollercoaster ride, adjust your percentages so that you don’t have to relive that experience. Research shows that many investors owned more stock mutual funds, i.e., had more risk than they realized when the market began its precipitous fall in 2007. Interestingly enough, research also suggests that almost 80% of people haven’t made any changes to their investment choices during this up-and-down period. That means if you were overweighed in stock mutual funds then, you’re probably overweighed now.
2 Be aware of overlap. Simply put, people who invest in two or three of the same kind of mutual funds and, contrary to what they believe, may actually be reducing the amount of diversification they’re getting. Look at popular retirement plan funds such as Fidelity’s Contra Fund and American Fund’s Growth Fund of America for example. Two out of their top five holding are the same and their sector weightings are nearly identical. So why would you want to be in both? You don’t, not to mention the fact that one costs more than the other. The good old days of simply picking a bunch of funds based on their rate of return doesn’t pay in today’s environment
3 Your retirement plan costs money! Most people think investing inside their company retirement plan is free. But it’s usually not the case. Every investment has a cost (referred to its expense ratio). In most plans those costs are passed along to you. So it’s important to start asking questions and determining if you have a high cost or low cost provider. Don’t be surprised if your boss or HR person doesn’t know how much the plan and funds cost. People need to wake up to this industry secret. If you are tightening your budget at home and work, you should expect the same from your plan provider.
One More INSIDER SECRET: Most retirement plans offer fewer investment choices than are available to that plan. The reason? Research shows that the fewer options available, the more likely people will participate in the program. The problem? You may not be offered low cost options like index funds or the ability to participate in some asset classes essential to accumulating true wealth and diversification like technology, gold, precious metals, or real estate.
Now what? You’ve inevitably read articles like this before and now you’re faced with the tough question: What do I do with this information? Here’s the answer! Go online to your account or grab your last statement. Take a look for the things I mentioned in the article and if you find yourself feeling frustrated or with additional questions than pick up the phone and call 517-219-3241 – it’s my direct line. Whether you’re an employee or executive who needs help figuring out your retirement investments, or if you’re a boss or HR director who wants a third party to help you understand your plan, just dial 517-219-3241… or simply reply to this email with the subject HELP!.
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Robert Laura, AAMS, CMFC, CRPC: Robert Laura is co-founder and partner at SYNERGOS Financial Group. He is the author of Financial Karma and The Five Most Important Financial Things They Don’t Teach You In School. He is frequently highlighted in local media and has been quoted in Smart Money Magazine, Forbes, The Street.com, Journal of Financial Planning, Bank Investment Advisor and a host of other media sources
NAKED RETIREMENT
Naked Retirement strips down the old traditional models of retirement planning and replaces the it with a more creative and intuitive one that helps people take control of their retirement planning, saving, and investing.
The book details the evolution of retirement and uses it to help baby boomers and retirees understand why they are behind in saving and what they can do about it.
"Retirement planning can no longer be one-dimensional, focused exclusively on merely providing information such as how pensions or a 401(k)’s work. It needs to extend beyond financial planning to include aspects of health and social issues that will impact future retirees," according to author, Robert Laura.
Billed as the ultimate defense against the scary, anxious, and stressful feelings people get on their first day of retirement when they have only a financial plan full of numbers and charts to guide them, Laura simplifies the mental and emotional aspects of retirement planning with thought-provoking questions about your definition and approach to retirement as well as important retirement conversations that foster strong relationships in retirement.
The book culminates into a one-page Naked Retirement plan that will help people as well as planners successfully estimate retirement preparedness and future success.
Book is available at NakedRetirement.com and is emailed in pdf format directly to participants.