Tag Archives: retirement

Retirement: Start saving now!

Posted by on June 20, 2013 under Caregiver Corner | Be the First to Comment

Are you ready for retirement?

As we approach late adulthood, many of us avoid thinking about the future. However, retirement takes many years of preparation in order to ensure that you and your loved ones remain financially stable into your golden years.  It’s never too early to start thinking about retirement!  Most people do not save enough to ensure a stable retirement. According to Charles Schwab, the majority of Americans between the ages of 55-70 confidently estimate that they have adequately prepared for their post-work years. However, many people who are as little as 5 years away from retirement have not yet begun to implement a plan. Overconfidence on this topic can be detrimental to a happy and healthy retirement.

If you haven’t started planning, don’t get discouraged. It is never too late to jump start a plan for your future! The goal is to set aside the right percentage of funds so that you can live as comfortably as you do now on a smaller income. However, with old age comes declining health and a bucket list that may include some expensive stops along the way. Here are a few points to help you set up a plan that will work for you:

Consider healthcare costs. Unfortunately with age comes a physical and cognitive decline. This is something imperative for people to think about when forming a retirement plan. Healthcare needs can be unpredictable regardless of how healthy a lifestyle you live. The possibilty of moving into a nursing facility after retirement is not farfetched, and definitely not cheap.Enjoy Your Retirement

Examine current resources. In order to maintain a stable quality of life in retirement, you’ll need annual income equivalent to at least 80% of your pre-retirement income. With so many ‘baby boomers’ approaching retirement, government resources will be divided among the aging population more than ever before. Some who plan to retire know that they will have to have at least a part time job to support themselves, but for others that is not an ideal option. It is important to rely only on yourself to provide the funds for an enjoyable retirement.

Prepare for the lifestyle.   When most people dream about retirement, they may picture themselves attending the nearby country club, or embarking on a  European adventure. In order to fulfill those dreams, you must allot that money early on. Other simple lifestyle factors may also dwindle your funds unexpectedly, such as eating out more and spoiling grandchildren. The considerations for retirement go deeper than simply providing a roof over your head and food on the table.  Part of adequately preparing for retirement means understanding your spending habits and accurately budgeting for how much income you’ll need.  If you don’t have a retirement plan in place, it’s time to prepare now.

This advice was brought to you by:

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Does Working Past Retirement Keep Us Sharp?

Posted by on February 15, 2013 under Resources | Be the First to Comment

actvseniors

We all know that mental and physical activity is good for our health, but did you know that the more active you are, the longer your life expectancy – and the sharper your mind?

Studies by the Archives of Internal Medicine have shown that sitting unstimulated for prolonged periods of time could reduce your life expectancy compared with your more physically and mentally active peers. In a study of 220,000 people, individuals who sat for more than 8 hours a day were 15% more likely to die within the next 3 years than those who only sat for 4 hours a day.  Another study showed that moderate levels of physical activity increased life expectancy by up to two years – and that high levels of physical activity increased life expectancy by up to four years.

Helen_DanekaMaybe that’s why someone like Helen Deneka is as sharp and active today as she was 40 years ago.  At 87, Helen Deneka could very well be the nation’s oldest working nurse.  Now with over 7 decades of nursing experience, Helen works full-time at the Outpatient Surgical Center of Baptist Memorial Hospital in Covington, Tennessee.  Born in 1925, she gained interest in the field while taking care of family members when they were sick, then enrolled in a nursing program at Baptist Memorial Hospital in Memphis, TN, in 1943 – at the ripe old age of 17.

70 years later, she has seen and worked through remarkable changes in professional medical care, including the introduction of penicillin; installation of air conditioners, patient telephones and bathrooms in hospitals; and impressive advancements in medical technology itself.

“Back then, we did everything by hand,” Deneka says. “Checking the pulse, taking blood pressure…We used to wash all the syringes and needles between patients and sharpen our needles with a whetstone.  Now they throw everything away.”

The changes in technology haven’t slowed Helen Deneka down one bit.

“I do the paperwork, then start the patients’ IVs,” says Deneka, describing her daily routine at the outpatient surgical center. “Fortunately, I get them on the first stick 99 percent of the time.”

“She never sits!” says fellow nurse Margaret Green, 66. “She’s going all the time…She’s such a caring and conscientious person.  I can’t imagine her retiring.”

Whether or not genetics play a role, there’s no question that the daily physical and mental stimulation help keep Helen Deneka’s mind sharp and her body fit.  In an era where early retirement is a popular goal – yet health care costs keep going up – perhaps we’re approaching old age the wrong way.  Maybe ceasing to work isn’t the ripe fruit we imagine it to be; maybe we should look at retirement as not so much “stopping working” as shifting to work that stimulates and enriches us, even if it doesn’t pay as well.

As for Helen, does she ever plan to retire?

“I’m thinking about it,” she says, returning to her charts. “But not today. We have a lot of patients coming in.”