Retirement in Style

Retirement in Style

Supplement to Jewish News February 18, 2019 jewishnewsva.org | February 18, 2019 | Retirement in Style | Jewish News | 15

RENT OR OWN AT ATLANTIC SHORES (The choice is yours.)

Safe, secure and located in beautiful Virginia Beach.

Choose your activities, your lifestyle, your dining venue, your workout.

And choose from 14 floor plans to suit your needs.

Spacious, newly renovated apartments and homes (up to 1,839 square feet) on 100 beautifully landscaped acres.

Award-winning continuum of health care onsite.

Customize your home from the many options available in our Design Center.

Three restaurants serving world class (resort style) cuisine every day.

The ABINGDON - 2 Bedroom Apartment (1,549 SQ FT) BALCONY 21'-9" X 7'3"

The CHESAPEAKE - 2 Bedroom Villa (1,653 SQ FT) DECK 19'-6" X 8'

MECHANICAL

BEDROOM 2 12'-11" X 19' DEN 12'-4" X 11'-7"

FIREPLACE

LIVING ROOM 13'-9" X 15'-2"

DEN 13' X 15'-3"

LIVING/DINING ROOM 25' X 15'-7" W

D KITCHEN/ BREAKFAST 8'-9" X 21'-5"

WALK-IN CLOSET

MASTER BEDROOM 14'-10" X 14'-8"

DINING ROOM 14'-6" X 7'-6"

BATHROOM

2-CAR GARAGE

WALK-IN CLOSET

W/D

PASS THROUGH

VISIT OUR WEBSITE EVENTS CALENDAR AND RSVP TO JOIN US FOR

MASTER BEDROOM 13'-8" X 14'-9"

BEDROOM 2 12'-3" X 11'-9"

LC

KITCHEN/BREAKFAST 12' X 12'-3"

BATHROOM

WALK-IN CLOSET

1200 Atlantic Shores Drive

|

Virginia Beach, VA 23454

Greater Atlantic Shores Properties LLC

16 | Jewish News | Retirement in Style | February 18, 2019 | jewishnewsva.org

|

757.716.3000

|

AtlanticShoresLiving.com

Rethink the idea of retirement.

Retirement

Dear Readers,

E

ver wonder why Tidewater and the Jewish community have so many active retirees and busy seniors? We all know that our weather is mild (everything is relative, I

know, as I’m always checking temps in Boston, DC, and points south), getting from place to place is easy, we’ve got all that water for recreation and beaches for tranquil walks, the

IMPORTANT UPCOMING SEMINAR REVEALS:

HOW TO PROTECT YOUR FAMILY WITH A LIVING TRUST! “No middle-class family should be without one.”

—Forbes

FREE SEMINAR

museums boast first class art, and on and on.

In fact, last year, WalletHub ranked Virginia the fifth best place to retire in the nation.

Florida was number one. Our closest neighbors, Maryland and North Carolina, were ranked 38 and 28, respectfully. Rankings were based on scores for affordability (18), quality of life (9), and healthcare (21).

But for Jewish retirement-aged adults, it’s also about the countless activities that take place nearly every single day, such as intellectually stimulating speakers from across the globe, cultural and social events, a state-of-the-art fitness facility with classes just for seniors, places to volunteer, and, of course myriad synagogues for worship. All anyone has to do is peruse the pages of Jewish News and it’s apparent that the Tidewater Jewish community is jam packed with things to do.

Who would ever want to leave?

Yes, WalletHub has it right…Virginia, and especially, Tidewater is a great place for retirees. The pieces written by three area retirees: Alan Bartel, Linda Samuels, and Louis Sherman are personal confirmations of the area’s ranking. Bartel recently published a book (a great read, by the way!) based on a collection of his father’s writings—written during his retirement. His piece is on page 22. Sherman, who is busy traveling and serves as a Retired Judge, tells his story on page 20. And, on page 18, Samuels shares how her focus is now about volunteering. All are leading inspiring lives in this busy chapter of life.

On a more serious note, Scott Kaplan discusses new tax-wise strategies for those 70½ and older on page 21.

A fun article about Jewish retirees not too far from Boston who hosted a tailgate-style gathering for the Super Bowl is sure to make everyone smile…no matter which team you preferred to win.

Of course, there is more, including information on activities at the JCC and seminars on estate planning.

Retiree or not, we hope you find an article of interest, or an advertiser to connect with.

Scott N. Alperin,

Respected Estate Planning and Elder Law Attorney

Thurs., February 21 2:00 P.M.

Tues., February 26 2:00 P.M.

Wed., February 27 10:00 A.M.

Hilton Garden Inn 180 Regal Way Newport News, VA 23602

Denbigh Community Center 15198 Warwick Blvd.

Newport News, VA 23608

Jewish Community Center 5000 Corporate Woods Drive Virginia Beach, VA 23462

— Refreshments Served —

• YOU MAY BE SHOCKED to discover that even if you just own a home, the IRS, the Courts and unscrupulous in-laws may consider you to be “Rich”.

• Merely having a Will (or nothing at all) could cause you to take many months, even years to go through the court system, cost your family thousands of dollars in needless fees and actually hinder your loved ones from getting all the assets you’ve worked a lifetime for.

• A properly prepared Living Trust can save thousands of dollars in unnecessary estate taxes if you’re married and avoid lots of probate red tape, delays and aggravation for your family.

• Poorly designed and drafted Trusts, “one-size-fits-all” bargainpriced Trusts and “do-it-yourself” packages often don’t work and can be a disaster!

• NO MORE EXCUSES! Isn’t it time you finally got your estate in order?

• If you become incapacitated, due to accident or illness, the court may assign a conservator to take over your affairs as they see fit—if you don’t have a Living Trust plan!

• Be sure the right people, of your choosing, will be in charge of your children and their money!

• Motivate your children and grandchildren with educational “incentives” built into your Living Trust.

• Preserve your loved ones’ inheritance until they’re ready to receive it – and when they are ready, protect them from losing it to spouses and lawsuits, or from losing their government betnefits!

• Learn about all this and much more!

Presented by Alperin Law, whose attorneys have been leading the way in estate planning for over a quarter century. Find out why so many of your neighbors have chosen Alperin Law to set up their Living Trust or upgrade their existing one. Come and listen to the voice of experience, for your family’s sake!

Attend one of these seminars and receive a FREE, 90-minute attorney consultation to answer your questions about setting up your personal Living Trust (a $350 value) and get a Special Fee Discount.

Terri Denison Editor

Seating is limited!

Call 757-269-3969 or visit www.AlperinLaw.com to register online today!

YOURS FREE!

If you cannot attend the seminar, please call and we will mail you a free copy of

“Alperin Law’s Family Asset Pretection Survival Guide.”

Offices throughout Hampton Roads jewishnewsva.org | February 18, 2019 | Retirement in Style | Jewish News | 17

Announcing Our New Practice

Retirement Enjoying the Journey

What Retirement?

Offering Cutting Edge Regenerative Therapies, Pain Management, and Physical Therapy

Get Back in the Game!

Stanley and Linda Samuels

Linda Samuels

“W Call 757.578.2260 today for an appointment.

Explore your options to avoid surgery and find relief through regenerative therapies.

Prolotherapy • Growth Factors & Stem Cells Platelet Rich Plasma (PRP) Autologous Fat & Adult Bone Marrow Derived

First physician in Virginia to offer PRP, bone marrow concentrate and fat grafting for stubborn tendon, joint, lumbar disc issues and ligament conditions.

Raise the Bar of Your Health.

933 First Colonial Road, Suite 200 Virginia Beach, VA 23454 757.578.2260 | www.BarrCenter.com

Lisa Barr, MD | Janet Hare, MPT | Morgan Rogers, NP Leslie Hodeen, NP | Carmen Cellon, MS, PT 18 | Jewish News | Retirement in Style | February 18, 2019 | jewishnewsva.org

hat will I do?�

After more than 40 years as a Clinical Laboratory Scientist/ Laboratory manager, I decided to retire. It was a wonderful career of hospital lab work and work in a private practice with the Group for Internal Medicine, where I had the privilege of working closely with patients and being a part of their health care team; not to mention the incredible amount of knowledge that the physicians shared with me. That was followed by a stint of managing several laboratories for Sentara Medical Group after the practice joined the group.

For the first three months after I stopped working, I just relaxed. I was unused to not being responsible for something. I caught up with old friends, made a few new ones, and began to have precious time for my children and grandchildren. I was available for them when they needed me to help out. I joined a canasta group and began to volunteer at my synagogue, Beth El. I was able to read tons of books!

My husband, Stanley, and I began to travel a little more. (He was still working.) It was a wonderful time, but I did miss my friends at work.

Several years later, I was approached by one of my former graduate school professors at ODU, who asked if I would “like

to help out� in the Medical Technology Program. I said, “What kind of help?� She answered, “Why teaching, of course!�

I had never thought about teaching in a classroom. I had taught in the hospital systems, but that was one on one or one on two! Still, I accepted and found myself as an Adjunct Assistant Professor.

I have to say that I discovered a newfound respect for teachers and the amazing job that they do, day in and day out. I had to review and relearn so much material in order to teach it, but I loved it! I loved working with my students and cannot even describe the sense of accomplishment that they gave me.

So much for retirement! I taught there for six years and retired again in 2018 to take another “job.�

In April of 2018, I was elected president of my synagogue, Congregation Beth El. It is a different kind of job, but one from which I get so much satisfaction.

Having had family there for six generations, I feel that I am able to give back to the community that nurtured me as a child and gave me a sense of who I am as a Jewish woman today.

So, I say, “What Retirement?� I love being active and feeling that I have something to contribute to our greater Jewish community and to Tikun Olam.

YOU CAN LIVE A MORE

INDEPENDENT LIFESTYLE! Does relying on family assistance put a

STRAIN ON YOUR RELATIONSHIP? There’s a better way...

• No Buy In Fee • Spacious Apartments • Personalized Care Plans • Restaurant Style Dining • Housekeeping • Transportation

YOU’RE INVITED TO EXPLORE OUR COMMUNITIES & ENJOY LUNCH ON US! CALL FOR A RESERVATION. Chesapeake, VA

757.315.6900

Virginia Beach, VA

757.802.3665

INDEPENDENT LIVING

|

ASSISTED LIVING

|

MEMORY CARE

jewishnewsva.org | February 18, 2019 | Retirement in Style | Jewish News | 19

Retirement Enjoying the Journey

‘Golden Years’ filled with family, travel, and…work Louis Sherman

I

’m glad to have this opportunity to reflect on my “golden years.”

My long-suffering wife of 45 years, Carol, and I are worriers. So, prior to retiring, we spent lots of time worrying about having adequate health care and income so that once we retired we would, for the most part, not lose sleep over those important issues. Kudos to Sally Kocen and the folks at the Frieden Agency for their expertise in helping us make the best decisions for our retirement years.

Retirement, assuming reasonably good health, left us with LOTS of time on our hands. We love to travel, so Carol and I

have cruised quite a bit, often with family or friends, sometimes just the two of us, throughout the Baltic Sea, the Greek Isles, much of Europe, Alaska, New England/ Canada, and the Caribbean (a great place to avoid the misery of winter).

Our sons, Eric and Scott, our daughters-in love, Anna and Aly, and our amazing granddaughters, Elizabeth, Lily, and Ashley, all live out of town. So, we travel to see them as much as possible.

The last couple of years we have all enjoyed getting together to share a condo in Myrtle Beach during the summer, and to gather at each other’s homes for Thanksgiving.

As a retired Virginia Judge, I also

enjoy serving as a Retired/Recalled Judge (frequently called a “substitute judge”).

This requires the approval of the Chief Justice of the Virginia Supreme Court and attendance at mandatory continuing judicial education. I average about a week a month hearing cases, mostly in Hampton Roads. Serving as a substitute judge helps keep my mind fresh, and allows me to stay in touch with my judicial colleagues and members of the bar.

Finally, I also enjoy volunteering my time in the community. I am an Honorary Board member of Ohef Sholom Temple, and have participated in the NEST Program, Men’s Club, and other activities that serve people in need.

Carol and Louis Sherman.

Our Commitment . . . Your Success Every member of The Dale Mercadante Riggan Financial Group of BB&T Scott & Stringfellow is driven by our commitment to our clients. The world, your life, and the markets are dynamic. Things change. We bring a thoughtful and experienced perspective on how to adapt to those changes.

And it’s personal. We partner with you, and actively listen, to be certain we understand your life, priorities, and what your money needs to do for you, all before we design an investment strategy and make recommendations. We are dedicated to the responsible stewardship of your assets and to always being here when you need us.

The Dale Mercadante Riggan Financial Group of BB&T Scott & Stringfellow 500 East Main Street, Suite 300, Norfolk, VA 23510 757-446-6802  800-515-0294 DMRFinancialGroup@BBTScottStringfellow.com

Left to right: Julie Barnes, Max Dale, Janet Mercadante, Ben Riggan and Barbara Huth BB&T Scott & Stringfellow is a division of BB&T Securities, LLC, member FINRA/SIPC. BB&T Securities, LLC, is a wholly owned nonbank subsidiary of BB&T Corporation, is not a bank, and is separate from any BB&T bank or nonbank subsidiary. Securities and insurance products or annuities sold, offered, or recommended by BB&T Scott & Stringfellow are not a deposit, not FDIC insured, not guaranteed by a bank, not guaranteed by any federal government agency and may lose value.

20 | Jewish News | Retirement in Style | February 18, 2019 | jewishnewsva.org

Retirement First Person

Has your tax situation changed?

Looking for a new tax-wise strategy this year?

Scott Kaplan

A

s you begin to collect your 2018 income tax information and prepare to file a return, are you: Scott Kaplan • Realizing that your tax situation may be different from previous years?

• No longer able to itemize your deductions due to the increased standard deduction?

• Interested in learning about a way to support your community in a tax-wise manner?

What if you could use some retirement assets to make an impact on the community today?

If you, or someone you know, is 70 ½ years old (or older), you must withdraw a portion of your Individual Retirement Account (IRA) each year based upon your age. This Required Minimum Distribution (or RMD) is mandated and you must pay income tax on the portion you withdraw.

If you fail to withdraw your RMD, you will face stiff penalties.

Did you know you may have another option? It’s called the Charitable IRA Rollover. It’s a tax planning strategy for donors that was made a permanent part of the tax law as of 2016. Now, since the new tax cuts bill went into effect for 2018, it will be even more relevant as millions of Americans are realizing they will take the increased standard deduction and lose the ability to itemize their gifts to charity, among other deductions. These “charitable rollovers” count as part of your required minimum distribution, but aren’t taxable income to you.

Rather than simply take your RMD as a withdrawal this year, you can direct your IRA administrator to distribute a gift from your IRA to benefit the Jewish

community. Any amount you transfer counts against your required minimum distribution (RMD), and you can direct up to $100,000 to your favorite causes this year.

So, how does it work? Making an IRA Rollover gift is easier than ever and here are the simple steps: 1. If you are 70½ or older, contact your IRA administrator. Because of the popularity of the rollover, most administrators provide forms and a procedure to help you make a rollover gift, also known as a Qualified Charitable Distribution or QCD.

Family owned and operated since 1917 Southside Chapel • 5033 Rouse Drive Virginia Beach • 757 422-4000

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 Making your arrangements in advance loved ones that you care about them.

Our Family Service Counselors have the

3. You will pay no income taxes on the amount transferred. Note: Because you are not claiming the transferred amount as income, you will not receive an income tax deduction for your gift (though you may realize those deductions are harder to claim with the new thresholds).

for a three-step Pre-Arrangement Guide

Caution: The check from your IRA must be made out to a charity (such as TJF), not to you. Call the financial institution that holds your IRA and ask about its charitable rollover procedures. You will likely need to fill out a simple distribution form, naming TJF as the recipient and specifying the dollar amount.

This information is not intended as tax, legal, or financial advice. Gift results may vary.

Consult your personal financial advisor for information specific to your situation.

Chesapeake Chapel • 929 S. Battlefield Blvd.

Chesapeake • 757 482-3311

is one of the best ways to show your

2. Direct a transfer of any amount (up to $100,000) from your IRA to the Tidewater Jewish Foundation (TJF). This gift can be designated to benefit any local charitable organization.

4. Contact Scott Kaplan at 965-6109 or email skaplan@ujft.org to let us know how you would like your gift to be used.

Maestas Chapel • 1801 Baltic Ave. Virginia Beach • 757 428-1112

training and experience that will help you in the process. Our services include a free funeral cost estimate, and we offer many options for financing. Visit our web site or contact the Altmeyer Pre-Arrangement

Denbigh Chapel • 12893 Jefferson Ave. Newport News • 757 874-4200

Center directly at 757 422-4000

www.altmeyer.com Approved by all area Rabbis and Chevrah Kadisha

Getting ready for summer camp

Supplement to Jewish News March 20, 2017

Riverside Chapel • 7415 River Road Newport News •757 245-1525

CAMP

Coming March 25 To advertise call 757.965.6100 or email news@ujft.org Ad deadline March 8 Reserve your space now!

jewishnewsva.org | February 18, 2019 | Retirement in Style | Jewish News | 21

LIVE your life.

Lett

Retirement

US fight your cancer.

Enjoying the Journey

Time to write Alan Bartel, MD

I

Richard Putt

U.S. Navy Veteran Brain Cancer Survivor Hampton, VA

Ask your Oncologist about Proton Therapy today!

Cancer is now the #1 killer in Virginia.

Be a SURVIVOR. Give US a call. Let US fight your cancer.

“I came to the Hampton University Proton Therapy Institute (HUPTI) because I wouldn’t accept the status quo to fight my cancer. I wanted the very best treatment. My colleague was also treated here, with excellent results.

Proton Therapy provided the results I sought, without the side effects. The treatment was painless – I’m now cancer free!

I may not be here today without the doctors and staff at HUPTI; they’re the wind beneath my wings.”

— Richard Putt

Proton Therapy....No Hospital Stays! » Non-Invasive » Precisely targets tumor » Healthy tissue spared » Reduced side effects » Treatment time less than two minutes

» FDA-approved » Covered by Medicare, Medicaid and most insurance providers

TREATING BREAST, LUNG, PROSTATE, HEAD & NECK, OCULAR, GI, BRAIN & SPINE AND PEDIATRIC CANCERS

Learn more. Give us a call today.

757.251.6800 • hamptonproton.org 40 Enterprise Parkway, Hampton, VA 23666

22 | Jewish News | Retirement in Style | February 18, 2019 | jewishnewsva.org

No case is typical and results may vary.

formally retired from my Cardiology group after 45 years of practice in July 2018. Fortunate to be able to ease into retirement by ending night and weekend call after 35 years (which is obviously quite demanding and stressful), for the last several years, my practice was limited to two days per week in the office— with no hospital or invasive Cardiology commitments.

This allowed time for family activities, continuing with my passion for music and flute playing and physical activity.

Plus, I now had time to enshrine my father’s hobby and pastime of writing stories. He started writing during his retirement years at age 62, and continued writing into his 90s. I saved his carefully typewritten stories and decided to publish them in a book, to hopefully preserve them for my family. Hal Sacks, of blessed memory, who recorded his fascinating Navy experiences and writings for the Jewish News in two books, encouraged me.

Mom and Dad wrote more than 100 stories, so I needed some central theme for the book. Immigration and assimilation is such a pertinent and poignant topic; thus I chose related stories for the book. Dad had such a good way with words and a “folksy” style. Since I did not want to alter that aspect of his writing, my main job

Alan and Ralph Bartel.

was editing his stories, including his slang and Yiddish expressions. His incredible memory for details and clear descriptions of his past environments, as well as his great sense of humor, made this a fun task. My son and two nephews were very helpful and supportive and made my work much easier.

The book, Family, Faith and Love: Beyond Immig rat ion, is available on Amazon Books. I hope you like it!!! https://w w w.amazon.com / FamilyFaith-L ove-Beyond-Immig ration / dp/1732310513 Editor’s note: A book review of Family, Faith and Love: Beyond Immigration is slated for an upcoming edition of Jewish News.

Retirement

Simon Family JCC offers plenty of opportunities for a healthy retirement

A

LIFESTYLE TO SMILE ABOUT

Sheryl Luebke

T

he weekday Simon Family JCC schedule of activities for retirees offers opportunities for socializing and physical fitness. For many who are no longer in the full-time workforce, avoiding isolation is one of the many challenges. Becoming involved in classes or interest groups can be helpful in maintaining a healthy rhythm of life.

JFit, the JCC’s fitness center, offers classes designed for participants who are 55 years and older, in addition to all of the machines, weights, and classes that are available for all ages. Zumba Gold, for example, is a class with all the elements of regular Zumba, but with active older participants in mind; and Water 4 Arthritis involves no swimming, but the water makes it easier to perform gentle motion exercises. Class schedules are available at the JCC Front Desk, Fitness Center and on Facebook (Simon Family JCC). For more information, contact Tom Purcell 321-2310 or tpurcell@simonfamilyjcc.org.

For something more cerebral and sedate, an array of mah jongg and card games run Monday through Friday.

The JFS Knitting Circle meets every Wednesday morning, producing scarfs and blankets for area nursing home residents and JFS clients. Others meet to discuss current events, to read books, and to learn Yiddish.

The schedule for all these groups and others is at the JCC Front Desk and on the Federation calendar. Contact Sheryl Luebke, senior programs coordinator at 757-321-2334 or sluebke@ujft.org for specific information.

AT AN AMAZING PRICE LUXURIOUS, NEWLY-RENOVATED APARTMENTS (915 SQ. FT. - 1768 SQ. FT.)

STARTING AT $2,750

You never know who you might meet when you move to The Talbot on Granby.

Classmates from your alma mater – and neighbors from your hometown. Fellow veterans, teachers, and grandparents. It’s true, everyone has something in common, and plenty to smile about, at The Talbot on Granby.

Call 757-451-5100 today to experience our exceptional senior living.

6311 Granby Street • Norfolk, VA 23505 • www.TheTalbotOnGranby.com INDEPENDENT LIVING

Pet Friendly

©2019 Five Star Senior Living

jewishnewsva.org | February 18, 2019 | Retirement in Style | Jewish News | 23

Job#:

TOG190202

De:

mdk

Size:

7.375x11

Ae:

jm

Colors C

Notes:

M

Y

K

Here to help you retire.

I’m not just here for insurance. I can also help you look at your retirement goals and build a plan for tomorrow.

Let’s start today.

Laurent Abitbol, Agent 121 W 21st Street Norfolk, VA 23517 Bus: 757-416-7500 Fax: 757-961-0726 laurent@laurentinsures.com 9 a.m. - 7 p.m. Mon - Thurs 9 a.m. - 5 p.m. Fri

1708167.1

State Farm Bloomington, IL

Retirement Alperin Law to host seminars at Sandler Family Campus

Russ and Daughters, iconic appetizing shop, expands to Brooklyn

How a Properly Drafted and Maintained Estate Plan Will Protect You Wednesday, Feb. 27; Tuesday, March 19; and Wednesday, April 17, 10 am

A

native of Norfolk who maintains law offices throughout Hampton Roads, Scott Alperin has practiced law for over a quarter century and focuses in the areas of estate planning, elder law, special needs planning, disability law, real estate, and business law.

Alperin Law provides its clients with a personalized, comprehensive, and relationship-based approach to estate and asset protection planning.

Scott Alperin Alperin is also active in community service, serving on the boards of Jewish Family Service of Tidewater, the Alzheimer’s Association, and Vanguard Landing, an intentional special needs community being developed in Virginia Beach.

Marcy Oster

B

rooklynites can now have bagels and lox from the iconic Russ & Daughters in their home borough.

The family-owned Jewish appetizing shop, located on Manhattan’s Lower East Side for more than a century, just opened in the refurbished Building 22 in the Navy Yard.

“Over the past two years we have designed and built out a 18,000 square foot base of operations, which includes our bakery, nationwide shipping facility, kitchens, a beautiful appetizing store, and (future) private events space,” the company said.

Russ & Daughters also has a café around the corner from its original location and a café in the New York Jewish Museum. It is co-owned by cousins Niki Russ Federman and Joshua Russ Tupper, the fourth Russ generation to run the business.

“We want to preserve the tradition, the quality, the recipes, the experience of 105 years of history,” Federman told Eater NY website. “In order to do that, we have to stay relevant and have the infrastructure to do that. It’s this interesting dance that we do constantly of, how do you maintain 105 years of history and keep it moving forward at the same time?”

S P E C I A L M OV I E P R E S E N TAT I O N

This Academy Award-nominated film tells the story of how Edith Hill, 95, and Eddie Harrison, 96, found love with one another later in life.

Watch and learn how guardianship issues and disagreements between their adult children threatened to tear them apart.

Wednesday, March 6th, at 5 p.m.

Hosted at The Naro, 1507 Colley Ave, Norfolk, VA The film will be followed by a discussion led by elder law attorney, Emily Martin, with Hook Law.

Free event!

RSVP today 757-347-1732

Commonwealth SENIOR LIVING at THE BALLENTINE

Independent Living Plus, Assisted Living & Memory Care | www.CommonwealthSL.com 24 | Jewish News | Retirement in Style | February 18, 2019 | jewishnewsva.org

Welcome Home

Retirement

Four ways a retirement plan can survive a volatile market

A

volatile stock market is raising the anxiety level of some investors— especially those nearing retirement.

In the wake of last year’s closing tumble—the S&P 500 lost 6.2 percent in 2018, its worst showing since the 2008 financial crisis—market analysts and those with equities comprising much of their portfolio aren’t quite sure what to expect in 2019.

Such uncertainty necessitates reviewing and perhaps adjusting a retirement plan to protect against market downturns, some financial advisers say.

“When you’re getting closer to retirement and truly planning for it, you have to understand the effects of volatility,” says Christy Smith, founder of Presley Wealth Management and an Investment Adviser representative. “People forget easily the pain of the recession when the markets are doing well. But the market will always go up and down, and it’s a struggle teaching people that to have a successful retirement, they need to truly diversify, and recession-proof, their retirement portfolio.

“How do you do that? You build a lower-volatility, long-term plan that puts some safety nets in place to protect us if we do see a recession.”

Smith gives four tips for protecting a portfolio from a volatile stock market and a possible recession: Know your risk level. “We tend as a society to not understand the difference between accumulation and preservation,” Smith says. “It’s extremely important to understand how much risk you can handle. If you build a plan based on that, you won’t make emotional decisions— which are often bad ones—when the markets go down.”

Consider a fixed-index annuity. With interest rates trending upward, bonds aren’t as safe an investment as they were.

“A fixed-index annuity is an alternative to bonds because it has principal protection built into it and thus provides safety,” Smith says. “The last few years people have been trained to think they need to invest in bonds to offset risk in their equities, but we’re in a time period now where we’re treading in some uncharted waters. The equity market is going down, but then we also have rising interest rates, which affects the bond market. When you’re using a fixed-index annuity, you won’t see the value of it go down as interest rates go up.”

Don’t overanalyze. “When market conditions are good, you’re looking at your 401(k) and not seeing a lot of losses, and you tend to step away and not check your account as often,” Smith says. “But in times like right now, when the market has been turbulent, people start to be more proactive and analyzing things more than normally would. Sometimes it’s better for people not to watch as much of the news, because it’s so negative and we can overreact. Put a good recession-proof plan in place with a fiduciary and don’t panic.”

Diversify your plan. “You don’t want to have, say, 80 percent of your portfolio in stocks, especially right now,” Smith says. “It’s important to diversify and also to understand how your money is truly invested. Have a written investment plan tailored to your goals.”

“You have to understand the importance of having the mind shift of, the closer you get to retirement, the less you need to be aggressive like when you were young,” Smith says.

Beach More.

Save More.

With our Coastal Money Market!

COASTAL MONEY MARKET

2.27% APY*

New Account | New Money Only $1,000 to open

s how u k s A get s ’ D C our ge!

A h t i rW Bette

Stop by our Virginia Beach branch today to find out more!

New money not currently on deposit with us. $1,000 to open. *Annual Percentage Yield; APY is current as of 01/02/19. Maintain a balance of $1,000 to avoid a $10 monthly service charge. Rate is guaranteed until June 30, 2019 and is subject to change thereafter.Offer is for a limited time. Federal regulations limit withdrawals or transfers from this account by means of a pre-authorized or automatic transfer or telephone order or instruction, online transfer, or by check, draft, debit card or similar order to a third party to 6 per month. Withdrawals in excess of 6 per calendar month will assess a $10 per item fee. Fees may reduce earnings. Please ask us for complete details.

vcb.bank | (757) 414-9820 jewishnewsva.org | February 18, 2019 | Retirement in Style | Jewish News | 25

KEY TO YOUR NEXT FLORIDA HOME

Retirement

THE

Jewish senior citizen Patriots fans celebrate yet another Super Bowl win

Best time of year to buy

PRE-SEASON IS THE BEST BUYING SEASON

Largest inventory of resale and new homes in years.

SPECIALIZING IN INVESTMENTS & Ivestments Specializing in Foreclosures - Short Sales - Estate Sales A CTIVE A DULT ALES &SSales Active Adult COMMUNITIES Communities

Beach AreaCondos condos Beach Area Country Clubs Country Clubs

Your Norfolk connection to Southeast Florida Real Estate

Penny Schwartz

SERVING Serving P ALM BEACH && Palm Beach BROWARDCounties COUNTIES Browrd INC. inc.

Boca Raton Beach Boca Raton / Deerfield Delray BeachBeach Delray and Boynton West Palm Beach Boynton Beach Ft Lauderdale Area Ft Lauderdale Hollywood and Hollywood Hallandale Beach

Steve Jason Broker/Owner 561.305.9515 sijason@aol.com Browse listings at www.allaccessrealty.com spindel 2018b.qxp_Layout 1 4/11/18 12:45 PM Page 1

Create a Jewish legacy for the community you love through planned charitable giving . . .ask us how Jody Balaban

Ron Spindel

rspindel@spindelagency.com

jbalaban@spindelagency.com

Brandon Terkeltaub, CFP®

Chrys Lyon

brandonterkeltaub@friedenagency.com

christopherlyon@friedenagency.com

757-340-5600

277 Bendix Road, Suite 500 • Virginia Beach www.spindelagency.com LIFE INSURANCE • LONG-TERM CARE INSURANCE • GROUP HEALTH INSURANCE • MEDICARE 26 | Jewish News | Retirement in Style | February 18, 2019 | jewishnewsva.org

CANTON, Mass. (JTA)—At a kickoff party Sunday, February 3 at the Orchard Cove senior home in this suburb about 25 miles from Boston, boisterous cheers erupted from a small ballroom.

Dozens of residents had begun an evening-long tailgate-style gathering as their New England Patriots started yet another Super Bowl, this time against the Los Angeles Rams.

Of course, the residents didn’t know that at the final whistle their team would be hoisting its sixth Vince Lombardi Trophy hours later.

“Everyone was so excited,” Harvey Sandberg, 93, says about the game, which ended with the Pats topping the Rams, 13–3, in Atlanta. “They couldn’t stop cheering. Everyone was thrilled.”

The kickoff party was new this year, organized by Sandberg and Charles “Bud” Liftman, both Jewish residents—but the community’s Patriots fandom was decades old. The party, with a jumbo TV and plenty of team regalia, created quite the buzz throughout the facility, where not all but many of the residents are Jewish.

“The community atmosphere here is why we wanted to do this,” Liftman says.

Canton is only about a dozen miles from Gillette Stadium, home of the Patriots. The team’s owner is Robert Kraft, a businessman and Jewish philanthropist who was recently awarded the Genesis Prize for contributions to the Jewish community.

At other places Liftman has lived, management may have set up some snacks and put out Patriots’ banners.

“But people wouldn’t be coming together,” says Liftman, who retired following a longtime career as a Boston Globe

editor.

“To organize something like this, it makes us proud. It makes everyone happy,” Sandberg adds.

As lifelong sports enthusiasts, Liftman and Sandberg have followed Jewish sports figures and feel great pride in watching outstanding Jewish players like Julian Edelman, the Patriots’ star wide receiver, succeed on the field. Edelman would win the Most Valuable Player award in the Super Bowl, the first Jewish player to be so honored.

Sandberg can’t remember a time when he wasn’t a Patriots fan, dating back to his youth, when the team was the Boston Patriots and played in the old American Football League. Years later his family-owned toy distribution company was located in Foxborough, across the street from Gillette Stadium.

One year before Kraft bought the team in 1994, two women who worked for the Patriots came to Sandberg’s retail outlet looking to buy 2,000 Christmas stockings to donate to children. His shop was their last hope and he was able to deliver. Later that day, the Patriots reciprocated with 40 tickets to the day’s game for his employees and their families.

Sandberg and his wife, Thelma, have been hosting Super Bowl parties for years, sometimes at their home, but often for larger crowds, including at the Naples Jewish Congregation in Florida, where the couple lived for 20 years before moving back to the Boston area last year.

As people were leaving after the Super Bowl victory, Sandberg and Liftman were already looking ahead.

“Next year,” they say, “we’re planning earlier and it will be even bigger.”