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Retirement

Supplement to Jewish News February 22, 2016 jewishnewsva.org | February 22, 2016 | Retirement | Jewish News | 15


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t seems that fewer and fewer people are actually retiring these days. While many might retire from one posi-

tion or job, it is not uncommon to move onto another career or job. The reasons for doing so range from financial to boredom. And so, we offer articles about staying or rejoining the job market after “retiring,”

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Robert W. Cross

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Reba and Sam Sandler Family Campus of the Tidewater Jewish Community 5000 Corporate Woods Drive, Suite 200 Virginia Beach, Virginia 23462-4370 voice 757.965.6100 • fax 757.965.6102 email news@ujft.org Terri Denison, Editor Germaine Clair, Art Director Hal Sacks, Book Review Editor Sandy Goldberg, Account Executive Mark Hecht, Account Executive Marilyn Cerase, Subscription Manager Reba Karp, Editor Emeritus Sherri Wisoff, Proofreader

including some with tips. Financial health is one of the biggest considerations when making the decision to retire. Along with income, financial issues include planning for inheritances and philanthropy. One of our articles, written by Amy Weinstein, director of development at Tidewater Jewish Foundation, suggests

Y E A R S

Published 22 times a year by United Jewish Federation of Tidewater.

some points to think about when determining where that hard-earned money eventually lands. Then there are those who actually

Jay Klebanoff, President Alvin Wall, Treasurer Stephanie Calliott, Secretary Harry Graber, Executive Vice-President www.jewishVA.org The appearance of advertising in the Jewish News does not constitute a kashrut, political, product or service endorsement. The articles and letters appearing herein are not necessarily the opinion of this newspaper. © 2016 Jewish News. All rights reserved. Subscription: $18 year For subscription or change of address, call 757-965-6128 or email mcerase@ujft.org.

take the plunge. Several members of the Tidewater Jewish community graciously

A showcase of stars from:

share their experiences and advice on

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moving into the retirement world. These

E Birmingham Royal Ballet A R Lula Washington Dance Theatre S

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men and women all sound like they are thoroughly enjoying their new routines! In addition to keeping busy, planning for retirement is highly recommended by all.

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Retired or not, we hope you find these

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16 | Jewish News | Retirement | February 22, 2016 | jewishnewsva.org

Terri Denison Editor

Health Care

April 8 April 22 May 6


Retirement Are Baby Boomers doomed to irrelevance in the workplace?

B

Computer classes for seniors Mondays, Simon Family JCC Beginner class, 10 am Intermediate class, 11 am

He discusses his method for how older oomers may want to recall one of the poets they grew up read- workers can maintain their value—by staylasses for seniors ing, Dylan Thomas, and his most ing “R-E-L-E-V-A-N-T.” are underway at • What it means to learn, unlearn and famous poem, named for its first line, the Simon Family “Do not go gentle into that good night,” a relearn. The ever-shifting sands of tech- JCC. Beginner and interdesperate appeal to resist the trappings of nology pose a special challenge to older mediate classes each workers. Younger professionals not only meet weekly through old age. “As they retire, baby boomers need to grew up working and entertaining them- March. stay true to their reputation for grand state- selves with screens, they also learned to The JCC Computer ments, and to mobilize their skill set in the adapt to technological leaps. A program Lab and classes are business world,” says media expert Steve you learn today may not be relevant in a funded through the Kayser, author of The Greatest Words You’ve few years, so keep an open and flexible Joseph Fleishmann mind. Never Heard. Memorial Fund of • Being R-E-L-E-V-A-N-T… Take the Tidewater Jewish “In fact, many older Americans may this mnemonic Foundation. For more have little choice but device to heart: Risk, information, call Naty to adapt their mindExperiment, Listen and Horev at 321-2304 or set and survive longer Learn, Engage, Value, email Nhorev@simonfain their careers if they Attitude of gratitude, milyjcc.org. want to maintain someInstructor Michel Newman (right) assists Miriam Seeherman. No to negativity, and thing resembling their Time. “This is an ongocurrent lifestyle during ing, evolving note to retirement.” keep in your mind Kayser lists a few is the no matter your protrends that may incennumber fessional situation,” tivize aging workers to of Americans Kayser says. “I’ve been expected to be clock in for a few more 55 and over around a lot of charisyears: by 2030 LAKE SMITH matic and effervescent • The number folks in their 70s and of Americans 55 and Ready for you to enjoy! 80s who are still sucolder will almost This all brick home cessful and growing, double between now overlooking serene both on a personal and and 2030—from 60 Lake Smith is bright million today to 107.6 million, according business level. The acronym encompasses and up-to-date. to the United States Census Bureau. That the ideas that seem to promote a proactive Newmuch roof and windows. • Too house to care for? • Kids out of the house? 5113 Crystal Poin will likely strain public safety nets such as life.” Custom neighborhood • Friends have moved? • Grandkids out of town? • Answer the question, “What resoSocial Security and Medicare. convenient to all sounds of • Moderate climate good? • Travel a lot? Hampton Roads. • American life expectancy is at an all- nates with you?” This is a deceptively deep time high, and death rates are at an all-time question when you apply it to your life’s low, which means some people will outlive trajectory. If life hasn’t turned out to be 5113 Crystal Point Drive what you expected it would 30 years ago, their retirement savings. $539,900 • The global economic crisis has wiped then it’s time to recalibrate how you see out or severely affected millions of middle- yourself, especially if that’s as a perpetual pre-retiree. If you’re not sure of how you and senior-aged people’s life savings. But with an increasingly competitive see yourself in today’s setting, start with Call Janet Frenck to sell your house so you can get started toward an easier pool of professionals whose skill sets need what the spiritual writer Joseph Campbell lifestyle near friends and family whether it is here or elsewhere. to be regularly updated, how can boomers called the “moving power of your life,” which can be sensed by the things that stay in the game? Janet Frenck, GRI Kayser quotes Alvin Toffler: “The illit- resonate within you. The things that reso757-439-4039 757-439-4039 Howard Hanna William E Wood erate of the 21st century will not be those nate within you, such as an unusual book, Janet Frenck, CRB, GRI 1321 Laskin Road, Virginia Beach, VA, 23451 who cannot read and write, but those who may just be the compass you need to find janetfrenck@williamewood.com janetfrenck@howardhanna.com William E. Wood & Associates your way. cannot learn, unlearn and relearn.”

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jewishnewsva.org | February 22, 2016 | Retirement | Jewish News | 17


Retirement Specializing in home transformations for over 30 years, I embrace any project, large or small, with the vision to provide the WOW factor.

How to have fun during retirement Keep working

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hat do school kids and retirees have in common during the dog days of summer? For many, it’s having lots of time and not knowing what to do with it. “But that comparison begins to breakdown almost immediately, because in a few short weeks, kids go back to school, but retirees have an indefinite amount of time to contend with,” says financial advisor Jeff Bucher, president of Citizen Advisory Group, a firm that engages its community with education and charity efforts. “Worse still for retirees, many don’t know if they can afford the time they have left, which may not be yielding a satisfying lifestyle. After all the technical details I review with clients and their finances, such

as protecting and growing their money, I sometimes offer a bit of unexpected advice: consider your employment options.” Many people who take his advice often do so more for overall happiness than money, he says. Work provides structure, purpose and a social network. Bucher reviews many fun options that retirees often find appealing. • Golf course: This is a popular option since so many retirees love golf. And, for those who are ‘ morning

Many

people,’ work at a golf course is a perfect match. Some popular jobs available at a golf course for retirees include golf shop staff, ranger, starters and golf course maintenance. • Retail: A smiling face and a pleasant disposition has earned many retirees positions as greeters at places like Wal-Mart, but there are other stores that may better fit .

don’t know if they

can afford the time they have left.

continued on page 19

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18 | Jewish News | Retirement | February 22, 2016 | jewishnewsva.org


Retirement First person

Leveraging IRA assets to Create a Jewish Legacy

Retirement dreams come true at

T H E TA L B O T ON GRANBY

by Amy Weinstein

C

hances are you already donate generously to charitable organizations, likely to Jewish organizations in Tidewater and abroad. Those gifts Amy Weinstein enable valuable agencies to provide crucial services in our community every day. It is essential that these agencies, and our Jewish community members, plan ahead, beyond annual giving, to ensure our Jewish community is strong for future generations. Like retirement planning, our Jewish agencies and synagogues must plan for the future. Many people save for decades for retirement, and accumulate a substantial amount of assets in their retirement funds. When children or other inheritors are designated as beneficiaries of these pre-tax retirement accounts, they may risk receiving only a fraction of the plan’s value, since these inherited assets are subject to tax. These taxes can be avoided by simply changing the beneficiary designation to a charity through your retirement plan manager.

continued from page 18

That may include cosmetics at Macy’s or a job at the local hardware store. Retirees should think about where they like to shop. • Sporting venue or theater: For those who love sports or any kind of performance, consider being an usher at a venue. Ushers assist fans to their seats and help answer questions. Consider that the job might entail walking up and down steps. If that’s difficult, find out beforehand. The job may have perks, such as free tickets. • Tour guide: A tour guide’s job is to introduce people to places that they are unfamiliar with, which may include wineries, museums and a host of area historical locations.

Designating the Tidewater Jewish Foundation (TJF) as a beneficiary (or partial beneficiary) of your retirement plan is among the easiest ways to Create a Jewish Legacy. A program of TJF, Create a Jewish Legacy is designed to help individuals and families support the Jewish causes they care about. Naming TJF and/ or other Jewish agencies as beneficiaries of your IRA, pension fund or 401K can save a substantial amount in taxes, while also supporting the Tidewater Jewish community in perpetuity. Consider including your Jewish community as a partial beneficiary (5% or 10%) of your IRA. For more information on Create a Jewish Legacy and how you may use retirement assets in your planning, contact Scott Kaplan, TJF president and CEO, at skaplan@ujft.org or (757) 965-6111 or Amy Weinstein, director of development, at aweinstein@ujft.org or (757) 965-6105. This article is for informational use only and may not be considered as tax, legal or accounting advice. Consult with a professional advisor as it relates to what is best for each personal situation.

• Theme park/zoo: Perfect for bragging about a job to grandkids, look into the local zoo or theme park. Some of the most popular jobs for retirees at these parks include ticket takers, working at a merchandise stand or helping assist guests at an information booth. • Current or former job: This one may sound odd, but it could be perfect, possibly maintaining the same salary for the rest of one’s earning years; it’s something already known; and, many people derived much satisfaction from their profession. Also, there may be new freedom in knowing that this job is more optional than before, which may engender a sense of freedom and, perhaps, an outside-the-box mentality.

The Talbot on Granby offers superior independent senior living and was voted “Best Retirement Community in Norfolk” again for 2015. While The Talbot handles the meals, housework, transportation and shopping, residents are free to enjoy their retirement dreams to their fullest. Experience the best life has to offer and enjoy carefree living. Come visit and see why The Talbot on Granby was voted

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jewishnewsva.org | February 22, 2016 | Retirement | Jewish News | 19


Retirement Favorite Moments of Retirement Philip Rovner Marital status: Married Children: 2 Grandchildren: 5 Occupation: President & CEO, Tidewater Jewish Foundation How long actively worked: 46 years How long been retired: 20 months Current organization involvement: Proprietary—Rovner Philanthropic Partnerships; consulting—Ohef Sholom Temple board and committee chair Registered Representative/Securities offered through Signator Investors, Inc. Member FINRA, SIPC. The Spindel Agency is independent of Signator Investors, Inc. 154-20150303-221366

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Philip and Joanne Rovner

Favorite part of being retired: Being together with Joanne Favorite last book read: The Nightingale  Favorite last concert/performance/movie attended: Spotlight, Hawaiian Luau

High School Seniors...

Announcing the 2016 Stein Family College Scholarship! The application is now available online at: www.jewishva.org/tjf-stein Applications deadline is April 1, 2016

Advice for those about to retire: Invest meaningful time in advance of retirement to consider a budget to include family, other travel and any interests you may wish to explore. Try new things and realize that all you do does not have to be together. Don’t delay. There are too many friends already in disarray or who have health issues. De-clutter. Enjoy getting rid of the massive accumulation of stuff.  Love and enjoy each other. Give each other room to experience, grow and explore. You do not need to be joined at the hip. Enjoy old and new relationships. Live!

HELP WANTED!

The United Jewish Federation of Tidewater seeks persons who love community, enjoy schmoozing, and want to make a difference in the lives of fellow-Jews everywhere. Part time work available: Make calls from the JCC on Friday afternoons. March 11 through May 13, 2016

Create a

Questions? Contact Amy Weinstein at: 757-965-6105 or aweinstein@ujft.org

20 | Jewish News | Retirement | February 22, 2016 | jewishnewsva.org

Salary: $1 annually Benefits include: lunch and appreciation! For more info, or to apply for the job, contact Alex at 757 965-6136 or apomerantz@ujft.org


Retirement Favorite Moments of Retirement Zena Herod

Family owned and operated since 1917

Favorite moments on a daily basis: Time to sleep late and read the entire newspaper and do the crossword puzzle before I’ve finished my morning coffee. Long-term: time to visit my grandkids anytime I want in Atlanta!

MAeStAS ChApel 1801 Baltic Avenue Virginia Beach 757 428-1112

Marital status: Divorced Children: One married daughter, who is a nurse practitioner in cardiology and pulmonology. She teaches in the graduate nursing program at Kennesaw State, works in a clinic two days a week, and is going for her doctorate.

Chris Sisler, Vice President, Member of Ohef Sholom Temple, Board member of the Berger-Goldrich Home at Beth Sholom Village, James E. Altmeyer, Jr., President, James E. Altmeyer, Sr., Owner

Advance funeral planning Flexible payment plans Financing available

Grandchildren: Two lovely girls: ages 7 and 11 Occupation: Educator

CheSApeAke ChApel 929 S. Battlefield Boulevard Chesapeake 757 482-3311

Making your arrangements in advance is one of the best ways to show your loved ones that

How long actively worked: 40 years How long been retired: 3½ years

SouthSide ChApel 5792 Greenwich Road Virginia Beach 757 422-4000

you care about them. Our Family Service Counselors have the training and experience

Zena Herod with her daughter and grandaughters.

that will help you in the process. Our services

Current organization involvement: On the board of the Hebrew Academy of Tidewater.

include a free funeral cost estimate, and we offer many options for financing. Visit our

Favorite part of being retired: Being able to pick up and go anytime I feel like it. I spend a good bit of time in Atlanta with my children and time in Florida with my sister and friends in the winter. I’ve traveled to Prague, Budapest and central Italy (Tuscany and Umbria) in the last two years.

web site for a three-step Pre-Arrangement Guide or contact the Altmeyer Pre-Arrangement Center directly at 757 422-4000

Favorite last book read: Henna House by Nomi Eve and finally finished the last book in the trilogy by Ken Follett, Edge of Eternity.

Approved by all area Rabbis and Chevrah Kadisha

Over 50? Time for a financial checkup.

Advice for those about to retire: Embrace this new part of your life—total freedom to do what you want when you want. Try new things, keep learning, and maintain contact with friends and family.

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RiveRSide ChApel 7415 River Road Newport News 757 245-1525

www.altmeyer.com

Favorite last concert/performance/movie attended: Movies: Spotlight, Brooklyn Concerts: Symphony Pops, The Sinatra Years Stage: The Hampton Years at the Virginia Stage Lectures: Anderson Cooper at the Norfolk Forum

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jewishnewsva.org | February 22, 2016 | Retirement | Jewish News | 21


Retirement Some Jewish seniors find new love by Maayan Jaffe/JNS.org

“He asked if he could give me a ride home. I told him my door was less than a block away and I would be walking. He said he would give me a ride anyway.” So begins the story of Alan and Sharon

22 | Jewish News | Retirement | February 22, 2016 | jewishnewsva.org

Poisner, who were married last October. Alan, 80, and Sharon, a few years his junior, weren’t looking for marriage. But a chance meeting at a discussion group hosted at the Village Shalom retirement community in Overland Park, Kan., where the couple now lives, brought them together.

“I invited him in for tea when he brought me to the door. I said to him then, ‘I am not interested in remarriage, I am not interested in dating or a relationship. I moved into this villa with a one car garage. I am only interested in good company,’” Sharon recalls. “The tea was really good,” Alan says with a wide grin, his eyes focused on his new wife. The two giggle like the newlyweds they are. The Poisners have both been married before; Alan lost his wife of 50 years in 2013. As the couple learned more about each other, they found that they had been living parallel lives. Their homes were blocks from one another, and at one point their sons were in the same Boy Scout troop. They both enjoy learning, travel, and exercise. They even subscribe to the same journals. “I admit I wanted a companion, but I wasn’t looking to get married,” says Alan. “It became inevitable. We just fit perfectly.” “His brain fascinated me and his humor tickled my funny bone,” Sharon says, poking her husband’s side lightly and lovingly with her elbow. Since moving into the one-car-garage villa, the couple is thriving. They say they each had successful marriages and brought the positives into their new union. They also learned a lot about themselves and marriage from those original relationships, knowledge that informs their current one. They describe themselves as “flexible.” ‘Live, love, laugh’ is our motto. We each had that same motto on a plaque before we met,” Alan says. The Poisners’ situation is neither common nor particularly uncommon. According to “Remarriage in the United States,” a 2006 report published by the U.S. Census Bureau, an average of 35.9 percent of marriages annually are between couples in which at least one spouse is remarried. Among men and women who married for the second or third time, 91 percent were remarrying after being divorced, and 9 percent were remarrying after being widowed. But only about 3 percent of men over the age of 65 (and 1 percent of women) tend to remarry.


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Barry and Lois Einhorn at home.

Marital status: Still married (63 years) Children: Wendy Jo Brodsky (Ron), Marty Einhorn (Susan) Grandchildren: Marlene Brodsky, Saul Brodsky, Willie Einhorn, Jay Einhorn

www.allaccessreaty.com & Now/Good DetailsTowards at Any Purchase Made in 2016 Registration &Registration DetailsMust at Register Must Register Now/Good Towards Any Purchase Made in 2016 www.allaccessrealty.com www.allaccessrealty.com Steve Jason Steve Jason Steve Jason Broker/Owner Steve Jason 561-305-9515 561-305-9515 sijason@aol.com 561-305-9515 Steve JasonBroker/Owner sijason@aol.com Steve Jason sijason@aol.com Broker/Owner 561-305-9515

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Occupation: Retired Pediatric Dentist and Office Manager How long actively worked: 40 years How long been retired: 21 years Current organization involvement: Lois and Barry: Temple Israel, Virginia Center for Inclusive Communities, WHRO Voice, Virginia Festival of Jewish Films, Homework Club at Granby Elementary School, Cancer Care Foundation of Tidewater, CRC of United Jewish Federation of Tidewater Barry: Old Dominion University, Advisory Board for College of Arts and Letters; BEAR Program Favorite part of being retired: Being able to go to services at Temple Israel every day, travel Lois: Being able to go to exercise class whenever I want Barry: Being able to play golf whenever I want

Judith L. RosenbLatt, P.L.L.C. attoRney & CounseLLoR at Law

• Family Law • Divorce • Property Settlement • Child Custody • Estate Administration • Guardian ad Litem for Incapacitated Adults

Favorite last book read: Barry: Boys in the Boat Lois: The Girl on the Train Favorite last movie attended: The latest Star Wars movie Advice for those about to retire: Don’t retire too soon, and when you do, volunteer, volunteer, volunteer! Keep active! Exercise!

1206 Laskin Road, Suite 101 • Virginia Beach, Virginia

757-428-6021 • JRosenblatt@jlrlawfirm.com

jewishnewsva.org | February 22, 2016 | Retirement | Jewish News | 23


Retirement Favorite moments of retirement Alene Jo Kaufman Marital status: Married Children: Two sons, one daughter-in-law Jason and Jessica in Arlington, Va. and Adam in Virginia Beach Grandchildren: Grandchildren fill the spaces in your heart that you didn’t know were empty! Maya Abigail, age 5; Lillian Emelia, age 3 Occupation: Jewish educator/administrator How long actively worked: Thirty-six years in Jewish education in this community; most of my career was centered on the Hebrew Academy of Tidewater and the Strelitz Early Childhood Center. I also worked in supplemental and informal Jewish education, USY/Kadima advisor; Seaboard Region USY Tidewater Fieldworker; United Hebrew School, Sunday school and had a few years in the clerical end of retailing. How long been retired: A little more than a year and a half Current organization involvement: Kehillat Bet Hamidrash/Kempsville Conservative Synagogue, my first priority for volunteer commitments Brith Sholom Center Recently began to volunteer at the PAM office of Jewish Family Service Organized team members for the Walk to End Alzheimer’s Favorite part of being retired: The gift of time. Time to stay in touch with family and friends. Time Alene and Ron Kaufman to help out and visit our parents or lend a hand to our children and grandchildren (especially during a blizzard). Time to take care of ourselves, our bodies and our minds (take exercise classes, do the crossword puzzle and Sudoku, take a photography course). Time to sleep, time to read. Time to volunteer when and if we want to. Time to travel. Time to have a bathroom remodeled. Time to do nothing! Time to have fun! Favorite last book read: The Nightingale by Kristin Hannah, a Holocaust story that provided insight into issues and pieces of the Holocaust that were different from the more familiar events. Captivating, riveting, and a must read! Favorite last concert/performance/movie attended: True story—In January of 2014, Ron and I went to see Arlo Guthrie at the American Theatre. The band came out on stage and I said, “I know that drummer!” And I did. Terry ala Berry had come to Hebrew Academy as the drummer in the group who performed and did workshops for children. I e-mailed him after the 2014 concert and recounted our meeting at HAT and told him how much I enjoyed the concert. He said that I should be sure to let him know if we were ever planning to be in the audience again. Fast forward about a year—Arlo Guthrie and his band are doing their 50th Anniversary Celebration of ‘Alice’s Restaurant,’ so we bought tickets for the February 2015 show at the American Theatre. In January of 2015, we ended up in Florida visiting family and my cousin surprised me with tickets for the same show there! What an opportunity to see that amazing performance—twice! It was fun, funny, moving, and spiritual. And yes, Terry came out from back stage to speak with us and I officially became a 60+ year old groupie! Advice for those about to retire: Plan ahead. You can’t retire without planning. Find a good financial advisor to help you through the process. When your financial plan is in place and you are actually ready to retire, it is easier to enjoy your retirement if you know what to expect financially. And then, take it slowly. At first, you may be a little lost. It was hard to figure out how to organize my day without a schedule. Once I gave myself permission to actually relax and not feel like I had to accomplish everything by the end of the day, things started to fall into place. Perhaps one of the most illuminating experiences I had was the day that I read an entire Lisa Genova novel (she is an amazing neuroscientist and author)—and didn’t do anything else until it was time to make dinner—and it was okay. The other bit of advice that I have is to take advantage of the opportunities that are placed before you. Celebrate everything you can with everyone you can! We’ve been invited to visit friends and family in a myriad of places. And we go! We’ve attended a three- year-old’s birthday celebration, my parents’ 65th wedding anniversary, b’nai mitzvah, and weddings. (Unfortunately, those celebrations are counter-balanced by sad events and you don’t want to fall in the trap of only acknowledging the sad moments.) Keep abreast of the programs and speakers in our community – and go. From the CRC’s Israel Today programs to the Tidewater Together weekend, we have great opportunities right here in our “home.” The JCC is right here – use it. The camaraderie is great and the class instructors really care about you. Make sure you have a comfortable chair with a side table for a great cup of coffee (made with freshly ground beans,) grab a great book or television remote, and treat yourself to an occasional pajama day!

24 | Jewish News | Retirement | February 22, 2016 | jewishnewsva.org


Retirement

$1,000,000,000 Offering

Do you have a cookie-cutter retirement plan? Five need-to-know items as retirement approaches

I

f you’re 10 years out from when you expect to retire, then now is the time to get serious about a retirement plan, says Kirk Cassidy, a registered investment advisor (RIA) who emphasizes the importance of the holistic approach to personal finances. “No matter what stage you’re in, there’s never a bad time to take responsibility for your financial destiny,” says Cassidy, president of Senior Planning Advisors. “However, a decade away from retirement should signify to pre-retirees that it’s really time to get a comprehensive plan if you want to enjoy retirement.” In recent years, retirement planning has received plenty of attention. In 2011, the first of the baby boomers reached what used to be known as retirement age. That kicked off an 18-year run for boomers, who’ll be turning 65 at a rate of about 10,000 a day. Despite the attention, there are plenty of important details that most pre-retirees are likely to miss, says Cassidy. • There are four important buckets for your money/assets. The first bucket includes liquidity for emergency funds, involving products like money markets, CDs and savings. The second bucket is lifetime, contractually guaranteed income that you can never outlive. That entails pensions, social security, and hybrid annuities. Long-term growth is the third bucket and that is where we get capital appreciation through investments such as stocks, bonds, ETFs and principle protected notes. Finally, there’s the legacy bucket, which focuses on estate planning, charitable and tax planning, long-term care planning, as well as inheritance and passing assets to our loved ones. “You don’t need to know all of the ins and outs of these buckets,” he says. “Understanding these buckets, however, will put you on the right path.” • Most financial professionals meet a minimal standard. Brokers and advisors who operate under the suitability standard

rather than a fiduciary standard carry products from companies they represent. Under the law, these brokers are only responsible for doing what is “suitable” for clients, or what is “good enough,” but that doesn’t mean “optimal.” Approximately 85 percent of financial professionals meet this minimal requirement, as reported on PBS Frontline. Only 15 percent of financial professionals meet the fiduciary standard, which, under law, requires the “very best” advice to clients. • Everyone is different, so their portfolios should be, too. Given that so many advisors meet only the suitability standard, which doesn’t require the very best advice, it may be no surprise that many Americans have a cookie-cutter-style retirement plan. A product that’s great for your neighbor may not be for you, Cassidy says. Ask questions. Be curious as to whether your products are really best for you. • Beware of hidden fees. Mutual funds can be two to three times more costly than advertised and often carry front-end and back-end loads of charges. Variable annuities are considered one of the most expensive risk-type vehicles an investor can own today. According to a 2012 study from the research firm Demos, the average American household will lose approximately $155,000, or 30 percent, of what they would have otherwise saved, to money managers of their 401(k) funds. • Dying costs money. Simply having a will in place will not protect you from probate and unnecessary taxation to dollars you want to pass on to your loved ones. Often, an estate plan doesn’t “sync up” with an individual’s portfolio properly, which leads to large legal problems for loved ones in the time of loss. Asset protection is one of the most important measures in getting your money to where you want it to go after death, Cassidy says. Don’t have an ex-spouse successfully claim your hardearned money, which you’d intended go to your children.

GWG Holdings, Inc., through its subsidiaries, purchases life insurance policies sold in the secondary marketplace. GWG Holdings, Inc. is offering L Bonds, which are publicly registered, non-traded corporate debt, currently offered at the interest rates and maturities set forth below. Minimum Investment: $25,000 Maturity Term From Purchase Date

Annual Interest Rates

6 Month

4.25%

1 Year

5.00%

2 Year

6.50%

3 Year

7.50%

5 Year

8.50%

7 Year

9.00%

Interest Payment Options: Monthly | Annually

To obtain a Prospectus contact Jeff Geraci FINANCIAL CONSULTANT 905 Welch Circle Virginia Beach, VA 23452 757-574-6765 or contact GWG Investor Relations toll-free at (877) 494-2388 Securities offered through Intervest International Equities Corporation, Member FINRA/SIPC: 1980 Dominion Way, Ste 202, Co Spr, Co 80918 (719) 592-9299 Jeff Geraci and International Equities Corporation, are not affiliated with Emerson Equity, LLC or Hollding, Inc.

This advertisement does not constitute an offer to sell, nor a solicitation of an offer to buy the securities described herein. Such an offering is made only by means of a Prospectus. The Prospectus provides a full description of the business and a comprehensive listing of risk factors. An investment in L Bonds may be considered speculative and subject to a high degree of risk, including the risk of losing your entire investment. Securities are being offered on a best-efforts basis on behalf of GWG Holdings, Inc., by Emerson Equity, LLC, Member FINRA/SIPC, managing broker dealer for the Issuer. GWG and Emerson Equity are not affiliated entities. GWG Holdings, Inc. 220 South Sixth Street, Suite 1200, Minneapolis, MN 55402. Issuer prepared material.Copyright 2015. GWG Holdings Inc. All Rights Reserved.

Eric D. Smith

Branch Manager Tidewater

757.641.4444

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