Retirement

How is your retirement plan coming along? Do you have enough money set aside to help cover expenses when your retire? Below are different resources offering advice on creating a retirement plan,  determining the best path to follow, planning for social security, and more. 

Disclaimer: Please note the information, resources and links are provided as a service to our readers only, and could be used as a guideline.  SeniorCitizensofOhio.com does not recommend or endorse any person, business or organization listed below. You should consult with a financial planner, attorney, or family member before making any investments or purchasing anything from these sources.  Remember, if it sounds too good to be true, it probably is.  

    • “When a habit begins to cost money, it’s called a hobby”
      by Living Life Retired (LLR) on April 18, 2020 at 6:15 pm

      During this time of stay-at-home orders, many of us are looking for a hobby to occupy our time. Retirement also offers us this same opportunity. However, as this Jewish Proverb professes, these hobbies can cost money. Last fall I began food dehydration as a hobby. You see I don’t particularly care to eat fruit or vegetables. Growing up on a farm which raised beef cows, hogs, and chickens, and we planted a large garden, we always ate fresh, healthy food. No fast food or junk food. I quite often shelled peas I picked or pulled carrots out of the ground and cleaned just before dinner. Banana chips, Photo by slc Now I eat more fast food or junk food than I probably should. Drying fruit gives me a healthy snack I can enjoy while watching tv, kind of like eating potato chips. Making and eating dried fruit has become a habit, or should I say a hobby, since it does cost money? NESCO Dehydrator, Photo by slc I purchased the “best selling” NESCO dehydrator from Amazon.com (currently $57.69) along with a couple of extra trays for fruit roll ups for the grandkids. It arrived in just a couple of days and was ready to go right out of the box. Nothing to put together. Next, I purchased a bunch of fruit, washed it and cut it into pieces as instructed in the booklet that came with the dehydrator. One bunch of bananas took up to four or five trays. Then you just set the temperature according to the instructions in the booklet and wait. Banana chips took 9-10 hours in Colorado and apple roll ups were about five hours. Sliced bananas before before drying, Photo by slc Sliced strawberries before drying, Photo by slc Cooked apples to make sauce, Photo by slc I also peeled some apples and made some homemade applesauce. Then I spread it on the fruit roll up trays to make some apple roll ups. Again, very easy. Sauce on tray before processing, Photo by slc Sliced mangos before drying, Photo by slc My grandson Dylan was my taste tester. He loved them and said they tasted just like the ones he has snacked on at preschool. Jackson’s favorite were the apple roll ups. My favorite were the banana chips. I loved the consistency of the dried fruit compared to the fresh variety. Now I “pretend” I’m eating potato chips but instead I’m eating healthy, dried bananas or mangoes. Even your grandkids will love them. A healthy snack habit from the fun and easy hobby of food dehydration. Give it a try. The post “When a habit begins to cost money, it’s called a hobby” appeared first on Living Life Retired (LLR).

    • COVID-19: Top Three Scams
      by WISER Women on April 18, 2020 at 6:15 pm

      Be aware! The COVID-19 Crisis has provided an opportunity for scammers to prey on the public. Know how to protect yourself and loved ones from these scams. The following link will take you to a factsheet about three of the top scams: covid-19_Top_Three_Scams_4.15.2020 The post COVID-19: Top Three Scams appeared first on Wiser Women.

    • Cuomo: ‘If You Want States To Reopen, We Need Funding’
      by Forbes - Retirement on April 18, 2020 at 6:15 pm

      The New York governor said that the U.S. is facing its “greatest challenge” since World War II.

    • The CARES Act & Your Retirement Plan 
      by WISER Women on April 18, 2020 at 6:15 pm

      The Coronavirus Aid, Relief, and Economic Security (CARES) Act was signed into law on Friday, March 27, 2020. This $2 trillion emergency relief package is intended to assist individuals and businesses during the ongoing coronavirus pandemic and accompanying economic crisis. The CARES Act contains special provisions for coronavirus-related distributions and loans from individual retirement plans. In addition, certain required minimum distributions (RMDs) for individual retirement plans have been suspended for 2020.The following link will take you to a summary of the CARES Act retirement plan provisions. cares_act_and_your_retirement The post The CARES Act & Your Retirement Plan  appeared first on Wiser Women.

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