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IN THIS ISSUE: 

Personal Money Planning's Newsletter
May 7, 2016

Hello! This time, we talk a little about retirement, we touch on how you can use financial calculators to start various financial goals, and more. Oh, and at the end, I release a tad of my frustration with the recent legislative shenanigans. 

Gary Silverman, CFP�

Soapbox
Gary's Soapbox
You think work is killing you? Just wait until retirement!
Gary Silverman caricature There's finally an answer to an age-old question: How can you live a longer, more satisfying life?

The answer: work past the traditional retirement age of 65.

A new study published in the Journal of Epidemiology & Community Health looked at the risk of dying for different age groups of Americans, and compared it to their retirement age. The researchers found that the likelihood of dying in any given year was 11% lower among people who delayed retirement for just one single year-from age 65 to age 66. By age 70, people who continued working experienced a 38% lower risk of dying than people of the same age who had retired at age 65. By age 72, the risk was 44% lower. These results seemed not to be affected by other variables, like gender, lifestyle, education, income and even occupation.

Why is working longer good for your health? The article suggested that when you continue working, even part-time, your normal age-related decline in physical and mental functioning happens more slowly. You're having to stay engaged in the complicated work-world, which keeps you sharp-and, apparently, alive.


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Articles
Gary's Latest Articles
From the Times Record News
Surviving Sad Stock Returns
Patience. It's tough to remember when you are looking back at what has happened and you'd like to use your gut instead of credible advice, unless you continue to learn. Read more... 

The Wall Problem 
There's been a lot of talk about creating more barriers into our country, but what do we sacrifice by doing so? Read more...
Money101
Money 101:
Financial Calculators
glasses-lady-stare.jpgSometimes you just need an idea of how you are going to achieve your goals in order to get started. For example, you may have decided to pay off those credit cards, once and for all! How long will it take? Add your information into the calculator, and you'll have a better idea. There are other calculators to help with retirement, savings, insurance and more. Take a look...
Final
Final Thought
american_flag.jpg Vote for me...

Arguing that the fiduciary rule is "Obamacare on retirement advice," the GOP blocked the Department of Labor's fiduciary rulel. (More here.)

Sorry, but as I am a strong porponent of the fiduciary rule this means I am officially boycotting the  Republican party. Problem is, I'm not exactly for the Democratic party either. Libertarians and Greens are a bit loony for me. So, with great regret, I am announcing my candidacy for the President of the United States.

--Gary
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