Deadly Retirement Planning

Deadly Retirement Planning

Deadly Retirement Acts Analyzed in This Article:

Deadly Retirement Planning, Saving for Retirement, Retirement Savings
  1. Number One Deadly Planning for Retirement Act
  2. The Number Two Deadly Retirement Faux Pas
  3. Deadly Retirement Planning Act Number Three
  4. Deteriorating Health is Very Deadly By Itself
  5. Yet Another Deadly Act We Might Face
  6. Deadly Retirement Subjects in Summation

The Act of Deadly Retirement Planning

Deadly retirement planning is not an actual oxymoron. It almost seems like it has something to do with morons. But we don’t like to, or need to, be mean.

Believe it or not, it is an actual, real-life possibility. And, it is happening, as you read this, to far too many people. A quick side note, deadly retirement planning doesn’t refer to funeral services either. However, by not planning for your retirement years, you will certainly set your retirement in funeral mode.

And, if surveys by AARP and the federal government are correct, there are plenty of folks in this country called America not taking the upcoming retirement years into consideration. Some of them are at retirement age. Others are closing in on retirement age. 

Sadly, at that stage of the game, it is a bit too late to have the light come on. They need a better idea and they need it now.

Number One Deadly Retirement Planning Act

The number one deadly retirement planning act on the list is: Not saving enough. So, if all the surveys I have seen are correct, retirement won’t be the golden years for these people.

Those surveys, by the way, also tell us there are people who have nothing saved for retirement. Can you imagine having absolutely nothing saved for a day you know is coming? I mean it is YOUR life we are talking about.

The only income source they will be relying on every month is Social Security. Imagine dooming yourself to a monthly pittance of 1200 or so dollars per month as your nest egg.

Incomprehensible to say the least. But sadly enough, it’s very true.

Now, you ready for the double whammy? What if all the Doom and Gloom prophecies are correct? And Social Security actually runs out. Hopefully this coronavirus pandemic has opened more people’s eyes to living life in the danger zone.

Ugh. I’ll be the first to admit, I’m certainly not jealous of that potential train wreck. Unfortunately it could be you riding that train. Get off at the next station and start remedying your situation.

Number Two Deadly Retirement Planning Act

Coupled with not saving enough or anything at all is the act of draining your retirement savings. You’ve set up a plan and contributed regularly. That is the good part. You started off on the correct foot.

Then one day you decide to drain the account. Your intention is to replace the money next month, next year or in the future. You may even believe what you are telling yourself is true. 

Whether you really believe it or not, your retirement savings pool remains drained. You have entered the danger zone and can’t find a way out. You dug yourself a hole and forgot to stop digging.

How Did I Get Here?

You may be wondering how in the world a person can end up in this particular situation. Consequently, the answer, more than likely, lies in the fact those folks never calculated a retirement savings goal.

We could call this:

Deadly Retirement Planning Act Number Three

They probably never created or set a goal. Because they found it too daunting to calculate how much they will require in retirement. They simply were overcome by the number of variables with which they had to deal.

After all, nobody knows if they will get ill and incur huge medical bills. Nobody knows if they will require long term care. The one thing they knew for sure, i.e. they will get old, they ignored.

In other words, nobody knows the future. But for those who gave these variables serious consideration they created a retirement program that can adjust to them. It is a retirement program that says what if. It is a retirement program that is partially if not totally flexible to handle almost any situation presenting itself.

This doesn’t mean the worst will happen. It means it is addressed and hopefully remedied via the calculated retirement savings goal.

Deteriorating Health – A Deadly Act All By Itself

One thing we can count on when we age is deteriorating health. Our health usually doesn’t simply denigrate in one fell swoop. It happens over time. And when it does it brings along something called health costs.

Given today’s health costs deadly retirement planning could mean bankruptcy or worse for some folks. That is not a preferred position to be in especially when programs exist to mitigate these costs.

Certainly, it is no secret health costs have gone up substantially over the last 50 years. Google health costs and read the data for yourself. It’s staggering.

Nobody knows if this coronavirus pandemic will leave lingering health problems. What we do know, is that we can financially prepare today. Just in case they smack us in the wallet tomorrow.

This means with the trend being in the rise direction people retiring today will face rising health costs. Prepare. Act. Adjust your savings account and mentality.

Long Term Care – Another Deadly Act We Might Face

I mentioned long term care costs above. The costs vary by where you live. Big cities on both coasts have extremely high long term care costs. That doesn’t mean those of us who live in between the coasts have next to nothing costs.

The current monthly costs range from $5,000 per month to over $8,000 per month. That is in America’s heartland for those wondering where the costs are so low.

Notice I said per month and not per year. By the way, Medicare doesn’t pay for long term care. So if you thought they do, your thinking is wrong. Reread your Medicare pamphlets and you’ll get a rude awakening.

What does that mean? It means you need to become familiar and knowledgeable in this arena. For example, the surveys of long term care costs says the average per year cost is close to $90,000.

A Conclusion Worth Considering

Hence these deadly acts lead us to a conclusion that shouldn’t be ignored. At least for those folks who are thinking ahead. Therefore anyone not factoring in the woes and wows of growing old will always be looking in the window. Subsequently, watching all the people who did prepare like a hungry stranger.

So go get your affairs in order. Take steps to protect yourself should you suffer any type of diminished capacity. Moreover don’t fool yourself into thinking it can’t happen to me.

So who do you think represents those numbers in the surveys? Yep, me and thee as they say.

I am not a lawyer or even play one on TV. Consult with a competent legal professional about the legal instruments you probably should have already in place. At least some time before old age sets in place. Above all the earlier the better I’m told though.

These instruments include wills, powers of attorney, trusts, durable powers of attorney for health care, etc. Don’t fall victim to the deadly retirement planning traps. So get off your duff and smell the old age winds heading your way.



Senior Outreach Ministries achieves it’s objectives with the capital we’ve either earned or received from donors. The Proud 2 B A Senior Ribbon for example. Donate $5, get a ribbon and help us help a hungry Senior Citizen in need. All proceeds remain in the Ministries to be used per our mission statement. We are a volunteer church. No one receives a salary or wage. Please help us help less fortunate hungry Seniors. We never have and never will ask the government for grants, funds or hand outs. Thank You in advance.

**DISCLAIMER**

Senior Outreach Ministries makes no warranty, representation, or guarantee regarding the information contained herein or the suitability of any products and/or services for any particular purpose. Any performance specifications are believed to be reliable but are not verified. Buyer must conduct and complete all performance and other testing of the products and/or services, alone and together with, or installed in, any end-products and/or services. Buyer shall not rely on any data and performance specifications or parameters provided by Senior Outreach Ministries. It is the Buyer’s responsibility to independently determine suitability of any products and/or services and to test and verify the same. Senior Outreach Ministries does not assume any liability whatsoever arising out of the application or use of any product or service. And in the name of full disclosure one should assume any ad they click on or purchase they make will provide us with a small fee. This is not added to the purchase price of any item or service you purchase. It is however one of the ways we fund the help we provide to seniors and their caregivers. Any recipients of our help as well as our staff thank you and appreciate you greatly.

Work From Home Wishes

Work From Home Wishes

Work From Home Wishes, Make a living Working From Home
  1. Mind Altering Experience
  2. Don’t Forget Your Job
  3. Hardship and Translated Thoughts
  4. Work From Home Suggestions
  5. Not All Work From Home Activities Are Created Equal
  6. The Qualifying End of Story

Work From Home Wishes

Work From Home Wishes are usually had at work. So, if you are not already working from home, you may be one of those people who wish they were. That may seem obvious but it is very rarely expressed with any real meaning behind the statement. 

People say something like, I wish I could work from home. They say it but deep down they don’t mean it. They don’t mean it because they don’t know how to define it as it pertains to their world. It’s too confusing or difficult to them.

Unfortunately there is also the type of person who wishes something would just come walking through the door that will change their life for the better. You know the tooth fairy kind of thinking. Because we have multi-million dollar lotteries today, it’s the “if I win” line of thought.

Mind Altering Experience

If you are in the second category, it is time for a mind altering experience. By mind altering experience I don’t mean start using drugs. This is not a Timothy Leary experience in which you will be engaging. Not by a long shot although it may feel that way at times.

Reality says you must make the effort to improve your lot in life. Nobody else in this world will do it for you. I bet you already know that, right?

This may sound like a cold hard fact of life. It is. I realize the reasons people who indulge in wishful thinking do so because of their particular mindset and/or beliefs.

Don’t Forget Your Job

Some people love their job and don’t want to do anything else. Some people hate their job and take out their frustration by refusing to do anything but complain.

Either way, they still have a job. Sometimes the importance of a job is overlooked. It pays. The pay buys the groceries, gas, credit card bills and the mortgage. Maybe being appreciative for that old stand by called a job is in order.

I don’t mean staying there if you find something better. That better could be the lifetime work from home wish come true or a higher paying gig at another company. The job fills a need and it will continue to fill that need as long as you keep it.

Hardship and Translated Thoughts

Some people don’t want to face even the slightest of hardship which naturally translates into they would have to do something more difficult than what they are used to doing. Or, they may have to actually put forth extra effort.

Because our actions are our translated thoughts, we can change our actions. If we reset our thinking away from the woe is me or this is hard thought theology, we can begin to improve our circumstances.

One of my best friends is fond of saying the harder I work, the easier life gets. He puts his heart and soul into every endeavor. He doesn’t always succeed but he tries. When he succeeds, he usually reaps a very handsome reward.

That certainly indicates your thoughts will be a major guiding light in your endeavors. Why wouldn’t you want to channel them in a forward direction?

Work From Home Suggestions That Could Help You

Given this is true, and he is an ordinary guy who doesn’t have a college degree, everyone could at least try to achieve their wishes or dreams. The following suggestions may not be right for everyone but they are a good start to help you readjust your thinking on starting a home based business.

If you already have a hobby or product, start there. Do some marketing and advertising and see how far you get. A great example is the person who comes up with a fad toy. The toy started life as a hobby or toy for the developer’s children and the developer took it to the next level. You can do the same thing.

I’m not claiming this will be easy. You certainly won’t go from rags to riches overnight. But, and this is a big but, you never know what could happen if you get in front of the right person with the right idea or product.

If you do not have a hobby or product, select a company that has products that are in demand. They have already done the developing and marketing which means you don’t have to spend any money on those activities.

You will want to be sure the company offers support both offline and online. Online it probably will be forums or discussion boards while offline it’ll be literature and phone support.

If the company will pay you to refer people who join, all the better. This referral fee becomes a tertiary source of income. Look for other ways to increase your income from this company. You never know what they offer.

Not All Work From Home Activities Are Created Equal

This is another one of those painfully obvious statements. Some work from home activities require more time and energy. This could mean family time gets short changed. This could mean other events are cancelled or delayed.

Some folks would say, so what, let them get cancelled or delayed. My activity is far too important to me to worry about “other” activities. Nothing wrong with that mindset if you can actually carry it out.

On the flip side of the coin there are people who say they can do it but when push comes to a shove the work from home activity is the one that suffers. Therefore, work from home sounds like a great plan and it is. It is if you can bear the burden.

Fortunately in this day and age we have the Internet. The Internet, in many cases, flattens the curve. It allows the home worker to automate almost all of the tasks. A lot of the tasks can be outsourced. This is a giant relief pill.

The Qualifying End of Story

The successful work from home candidate has thought about and constructed a plan that formats itself to their life. Moreover, it is no different than budgeting one’s paycheck. So you can run off helter skelter and accomplish virtually nothing. Or you can plan and prepare and make your work from home wishes come true.

It would seem prudence dictates your first thought of working from home should have a basis in your personality. Are you suited to put your idea, dream into motion? If so, how will you do it? Where will you start? Can you see the finish line?

The qualifying end of the story is you prepared to encounter the bumps and bruises that are certainly ahead. And they certainly are waiting for you. No, you don’t know what they are. Above all you simply know they will be there and you know how to zig or zag.



Senior Outreach Ministries achieves it’s objectives with the capital we’ve either earned or received from donors. The Proud 2 B A Senior Ribbon for example. Donate $5, get a ribbon and help us help a hungry Senior Citizen in need. All proceeds remain in the Ministries to be used per our mission statement. We are a volunteer church. No one receives a salary or wage. Please help us help less fortunate hungry Seniors. We never have and never will ask the government for grants, funds or hand outs. Thank You in advance.

**DISCLAIMER**

Senior Outreach Ministries makes no warranty, representation, or guarantee regarding the information contained herein or the suitability of any products and/or services for any particular purpose. Any performance specifications are believed to be reliable but are not verified. Buyer must conduct and complete all performance and other testing of the products and/or services, alone and together with, or installed in, any end-products and/or services. Buyer shall not rely on any data and performance specifications or parameters provided by Senior Outreach Ministries. It is the Buyer’s responsibility to independently determine suitability of any products and/or services and to test and verify the same. Senior Outreach Ministries does not assume any liability whatsoever arising out of the application or use of any product or service. And in the name of full disclosure one should assume any ad they click on or purchase they make will provide us with a small fee. This is not added to the purchase price of any item or service you purchase. It is however one of the ways we fund the help we provide to seniors and their caregivers. Any recipients of our help as well as our staff thank you and appreciate you greatly.

A Dominated Fund and Pre-senes

A Dominated Fund and Pre-Senes

A Dominated Fund is something you might not be very familiar with. Chances are neither is the term “Pre-Sene”. The aim of this article is to take care of both of those.

You may know from reading our definition for Pre-Sene you can tell people in this age group are most likely still working. Very few are a member of the FIRE – financial independence retire early – brigade. Therefore the Pre-Sene probably has a 401(k), IRA or some other retirement program.

Since very few defined benefit programs remain in the work place that means the Pre-sene is contributing to a defined contribution program like the aforementioned. Besides knowing how a dominated fund is defined it is also imperative to know the percent of your retirement account in dominated funds. The easiest way to learn is to look at your retirement plan’s schedule.

The second easiest way is to get your plan’s investment schedule from your HR department. Before you launch into research here is the definition of a dominated fund: A dominated fund is a fund that no reasonable investor would invest in given that plan’s other investment offerings. This is according to one financial author.

Another financial author and professor defines a dominated fund as: An asset A is dominated if there is another asset B such that under “any” realization of the financial future asset B will provide a “larger total return” than asset A.

Let’s Try a Different Dominated Fund Explanation

In other words if the fund containing the bulk of your dollar bills is dominated by another fund (having a higher return and lower fees) in the same family your contributed dollars should be in that fund. Now you can start doing your research.

It is no secret fund managers put those dollars in dominated funds because these funds have higher fees. Subsequently, higher fees means higher commission dollars for the fund manager. And, to add insult to injury, the dominated fund may not receive any, or very little, personal attention. Personal attention is called management in the investing world.

And Now For a Example

An excellent example, as reported on some of the largest financial websites, is indexed mutual funds that have expense ratios (or other charges) that are not at the market minimum. As one of the reporting authors said —

“You might not think that there would be many such funds, but they are common as weeds.”

A quick summary. You absolutely must know how your dollars are being invested.

Because the how is the key to how much in fees and expenses you are paying. One source made the bold statement that an investor’s fee structure in one of these funds could cost the investor a minimum of $200,000.

That 200K is your money being dribbled out of your pocket and into the pocket of the fund manager. I don’t know if you want to pay that much and lose that amount’s ability to pay you in your retirement. If you do, keep doing what you are doing. After all, it is your money.



Senior Outreach Ministries achieves it’s objectives with the capital we’ve either earned or received from donors. The Proud 2 B A Senior Ribbon for example. Donate $5, get a ribbon and help us help a hungry Senior Citizen in need. All proceeds remain in the Ministries to be used per our mission statement. We are a volunteer church. No one receives a salary or wage. Please help us help less fortunate hungry Seniors. We never have and never will ask the government for grants, funds or hand outs. Thank You in advance.

Consumer Price Index and Inflation

Consumer Price Index and Inflation

The Consumer Price Index (CPI) and inflation are directly related. Although, the formula for calculating the inflation rate is relatively simple the truth is nobody gives a good gosh darn.

And maybe we shouldn’t given it is a government calculated number and the government actually tells us what it is for the year every year. In fact, watch any business show on television and you will hear the talking heads spew forth about inflation and the CPI.

Consumer Price Index and Inflation

It is helpful to know the agency responsible for computing the CPI and informing the general population of that number is the Bureau of Labor Statistics or BLS for short. They actually survey thousands of prices all over the country and formulaically compute the Consumer Price Index and the inflation rate.

For any index to be worth its salt it has to have a base rate to be used for comparison purposes. This means somebody or some agency sets that base. With the CPI it is the BLS and currently the base year for comparison purposes is 1984.

The truth is it wasn’t exactly 1984. What the government math wizards did was use the numbers from 1982 -1984 took an average and called 1984 the year the CPI was 100. Just like magic they had a year and a number.

What Does This Mean to Me?

What does all this have to do with me you might be asking. Well, maybe a lot and maybe nothing. I will say if you are a senior about to retire or are already retired this number is important.

You see, inflation eats away at your buying power. If something cost one dollar in the base year, 1984, but costs 1.98 today, inflation has eaten ninety eight cents more out of your nest egg.

It could get more complicated but why complicate a simple formula I’ll show you in a minute so you can break even with inflation. As seniors we face medical bills, taxeshospital bills. All the same bills pre-senes and younger people face too.

But what we don’t face is longevity to combat this bully called inflation. It simply eats away our money and we seemingly can’t shoo away the monster.
Year after year it nips at our heels.

Breaking Even With Inflation

Fortunately there is an easy to use formula to help us calculate the investment rate of return we need to “break even” with inflation. Expressed as a fraction it looks like:

Inflation Rate / 1 – Tax Rate

Obviously we need to know the inflation rate and our tax rate. I will assume the inflation rate is 5% and the tax rate (bracket) is 30%. Our equation looks like:

.05 / 1 – .3

Or

.05 / .70

Dividing we get this number: 7.14

7.14 expressed as a percent is 7.14 percent or .0714. This is the return we would need to receive to stay even with a 5% inflation rate in a 30% tax bracket.

We could have more fun with the Consumer Price Index and inflation but this appears to be enough fun for this article. Keep this formula in mind as you plan your retirement.



Senior Outreach Ministries achieves it’s objectives with the capital we’ve either earned or received from donors. The Proud 2 B A Senior Ribbon for example. Donate $5, get a ribbon and help us help a hungry Senior Citizen in need. All proceeds remain in the Ministries to be used per our mission statement. We are a volunteer church. No one receives a salary or wage. Please help us help less fortunate hungry Seniors. We never have and never will ask the government for grants, funds or hand outs. Thank You in advance.