Do Women Face Greater Retirement Challenges Than Men?

If so, how can they plan to meet those challenges?

By Rebecca Bar-Shain, CFP®, Cedar Brook Group

Why are women so challenged to retire comfortably? A woman may spend less time in the workforce during her life than a man due to childrearing and caregiving needs with a corresponding interruption in both wages and workplace retirement plan participation. A divorce can hugely alter a woman’s financial outlook. As women live longer on average than men, they face the risk of eventually outliving retirement savings. There is also the gender wage gap, narrowing, but still evident.

What can women do to respond to these financial challenges?

Invest early & consistently Women should realize that on average they may need more years of retirement income than men. Social Security will not provide all the money they need. Accumulated retirement savings will need to be tapped as an income stream. So saving and investing regularly through IRAs and workplace retirement accounts is vital, the earlier the better. So is getting the employer match, if one is offered. Catch-up contributions after 50 should also be a goal.

Consider HSAs An HSA (Health Savings Account) is funded with pre-tax dollars, so an HSA owner can potentially get tax-deductible contributions as well as tax-free growth and tax-free withdrawals. HSAs are used with high-deductible health plans and HSA savings must be withdrawn to pay for qualified health expenses in order to be tax-exempt. One intriguing HSA detail: after attaining age 65 an HSA owner can withdraw HSA funds for non-medical expenses (these types of withdrawals are characterized as taxable income). That fact has prompted some journalists to label HSAs “backdoor IRAs.”

Work longer in pursuit of greater monthly Social Security benefits Working even two years longer means two years less of retirement to fund and for each year she refrains from filing for Social Security after age 62, her monthly Social Security benefit rises by about 8%.

Find a method to fund eldercare Many women are going to outlive their spouses. While many women may not need months of rehabilitation, in-home care or hospice care, many other women will.

Today, financially aware women are planning to meet retirement challenges. They are conferring with financial advisors and strategizing to take greater control over their financial futures.

This material was prepared by MarketingPro, Inc., and does not necessarily represent the views of the presenting party, nor their affiliates. This information has been derived from sources believed to be accurate. Please note – investing involves risk, and past performance is no guarantee of future results. The publisher is not engaged in rendering legal, accounting or other professional services. If assistance is needed, the reader is advised to engage the services of a competent professional. This information should not be construed as investment, tax or legal advice and may not be relied on for the purpose of avoiding any Federal tax penalty. This is neither a solicitation nor recommendation to purchase or sell any investment or insurance product or service, and should not be relied upon as such. All indices are unmanaged and are not illustrative of any particular investment.

Rebecca L. Bar-Shain, CFP, MBA, Financial Planner & Partner
Cedar Brook Group
440.683.9258
Cleveland, Ohio 44124

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An Attitude of Gratitude

Attitude is EVERYTHING As much as some of we (me included) would like to be able to control every aspect of our lives…we can’t! But what we can control is our attitude towards what does happen to us. We all experience and continue to experience “trying” times in our lives. The WHAT in these situations is less important than the HOW.

How we react and move through these particular situations will determine their affect on our physical, mental, and emotional well-being. Up to 40% of our happiness comes from how we choose to approach our lives. Especially during “trying” times we focus on all of our problems. We then get in the habit of focusing our attention on all the negative
things happening in our lives.

What would happen instead if we switched that focus to all of the good things that happen to us each and everyday? What if we took time daily or weekly to reflect on things we are grateful for in our lives?

Increasing Happiness Gratitude is the forgotten factor in happiness research.

Grateful Individuals
• Report higher levels of positive emotions
• Have greater life satisfaction
• Experience greater vitality
• Are more optimistic
• Are healthier
• Build strong relationships
• Handle adversity better
• Experience lower levels of depression and stress

People who have a strong disposition toward gratitude have the capacity to be empathetic and to take the perspective of others. They are also rated as more generous and more helpful. Grateful individuals place less importance on material goods, are less likely to judge their own and others success in terms of possessions accumulated, and are less envious of others.

Gratitude is Good for Your Health A study done by Dr. Robert A. Emmons of the University of California and Dr. Michael E. McCullough of the University of Miami showed that those individuals who practiced weekly gratitude were more optimistic and felt better about their lives. During the study, one group wrote about things they were grateful for that had occurred during the week. A second group wrote about daily irritations or things that had upset them. While a third group wrote about events that had affected them, but there was not an emphasis on being positive or negative. The fi rst group who wrote about what they were grateful for also exercised more and had fewer visits to the doctor than those whose focused on daily irritations.

After starting a gratitude journal, people begin to look at people and things differently, seeking out the positive in each situation or interaction. They appreciate the “little things” and don’t take them for granted. A shift in the mindset happens and they notice when they are not as consistent with journaling, they can easily fall back into a mindset focused on all that is lacking.

Examples entries from a gratitude journal:
• I am so grateful for my knowledge of how to live a healthy lifestyle and help others
do the same.
• I am so grateful that I devoted time to my strength training routine today.
• I am so grateful for my family and friends that are in my life.

Ideas for Promoting Gratitude
• Write a thank you note
• Thank someone mentally
• Keep a gratitude journal
• Meditate
• Count your blessings

Jeff Tomaszewski, owner of MaxStrength Fitness in Westlake, is a certifi ed athletic trainer and strength and conditioning specialist. He is a graduate of Case Western Reserve University and holds a master’s degree in exercise physiology. Jeff is also a personal trainer and professional body-builder committed to helping clients achieve their health and fitness goals. Visit www.maxstrengthfitness.com or call 440.835.9090.

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LEADING CANTON-BASED INTERNTONAL TRADE GROUP SAYS ‘ENOUGH IS ENOUGH’, SUPPORTS EFFORTS TO CURB HEROIN EPIDEMIC IN OHIO

IAITAM Launches Local Initiative to Support Local K-9 Officers in the Fight Against Heroin, Calls for Additional Funding and Community Support.

Drug overdoses took the lives of a record 3,050 Ohioans last year; more than one-third of those deaths are attributed the use of fentanyl, a potent yet often-toxic opiate often mixed with heroin. Statistics indicate that across Ohio in 2015, someone died from a drug overdose nearly every two hours and 52 minutes. The Canton, OH based International Association of Information Technology Asset Managers (IAITAM) says “enough is enough”.

Once drugs enter a geographic area, usage tends to grow rapidly. That growth paves the way for even more dangerous drugs to devastate lives.  One such drug was recently discovered in Stark County; that drug is Carfentanile, an extremely potent elephant tranquilizer that is deadly to humans. This drug is 10,000 times more powerful than morphine and 100 times more powerful than fentanyl, the very same drug that has caused so many fatal overdoses in Stark County and throughout Ohio for the last several years.

As a result, IAITAM is stepping up it’s efforts to fight the epidemic on a local scale. Recently, IAITAM presented a check to Lake Township Officer Donald Worthy for the purchase of a K-9 Officer’s life-saving bullet-proof vest. IAITAM’s efforts will ensure Worthy’s canine – “K-9 Officer Bill” — has the proper safety equipment to lessen the possibility of injury or death in the line of duty during his fight against the deadly epidemic.

IAITAM CEO Dr. Barbara Rembiesa said: “I have always been so impressed with how this community has always pulled together whether it is to support a fallen officer’s family, a community member in need, or to support our local schools. Being able to support Officer Worthy and K-9 Officer Bill’s development and training to assist in the fight on drugs in our community is such an honor for IAITAM.”

For more information about IAITAM’s efforts, go to http://iaitam.org/iaitam-news-release-iaitam-gives-back-lake-twp-ohio/.

To donate, please contact the Hartville, OH police department and ask for Officer Donald Worthy at (330) 877-2500 or contact on Facebook at K-9 for Hartville Police.

Source: MEDIA CONTACT:  Alex Frank, (703) 276-3264 or afrank@hastingsgroup.com.

THE BREAKFAST EXPERIMENT

YOU ARE WHAT YOU EAT
Every 35 days, your skin replaces itself and your body makes new cells from the food you eat. What you eat literally becomes YOU.

The report is due in two hours. Or perhaps you’re in the middle of a mid-term exam. Or you’re making sales calls. Suddenly, bam! Around 10:30 a.m. you hit a wall. All you want to do is cawl back into bed.

Hmmm…what did you eat for breakfast?

I hate to say, “I told you so,” so I’ll turn to Mom, who has said it countless times: Breakfast is the most important meal of the day. It’s the meal that’s designed to supply a third of the macro and micro nutrients your body needs to run without a hitch.

So what are you eating each morning to do all these things? A cup of coffee gulped down on the go? A cup of sugary yogurt and a muffin eaten at your desk? Nothing at all?

Your body deserves so much better than that – and so do you!

When you eat a good breakfast, your day goes smoothly. No growling stomachs, low blood sugar shakiness, or wandering attention to keep you from nailing those big goals you’ve made for yourself.

What Breakfast is Right for You?
One of the best—and most fun—ways to find out which foods serve YOU most powerfully is something called the

Breakfast Experiment. For one week, eat a different breakfast each day. Record in a notebook what you ate, how you felt immediately after the meal, and how you felt again two hours later.

  • Day one: Scrambled eggs or tofu
  • Day two: pancakes or waffles
  • Day three: Oatmeal
  • Day four: Boxed breakfast cereal
  • Day five: Muffin and coffee
  • Day six: Fresh fruit
  • Day seven: Pumpkin smoothie

We have become a society in need of instant gratification & reach for the quick pill to make us feel better.  How about reconnecting the mind & body?  Instead of reaching for an anti-acid or analgesic for symptoms such as headaches, gas, bloating, moodiness or brain fog, look at your plate.

Feel free to repeat the experiment for another seven days with different foods each morning. Which breakfasts made you feel energized? Which ones didn’t? After the experiment, try adding in more of the foods that made you feel great!

GET EVEN HEALTHIER!
Would you like to learn how to choose the best breakfasts for you? I specialize in Elimination programs that guide you to the most optimal foods for your body!

screen-shot-2016-10-04-at-11-00-13-amABOUT ME
I received my training from the Institute of Integrative Nutrition, where I learned more than one hundred dietary theories and studied a variety of practical lifestyle coaching methods. I will help you create a completely personalized “roadmap to health” that suits your unique body & lifestyle. I furthered my education by studying Gut Health For Functional Medicine – where I developed Elimination Plans, & studied the correlation between inflammation & gut health.

Join me:
Are you ready to be healthy and vibrant?  How about a 10 day detox.  No pills, shakes, steps or carbs!  Just simple clean food. It includes daily e-mails, recipes & support. A limited time special of $50 for the month of October!!
Look & feel your best for the holidays! ‘

Integrative Whole Health LLC
www.integrativewh.com