Sunday, May 20, 2018

Best and Brightest Blogs from Boomers

     There's lots going on this week on the web from our demographic colleagues. Maybe these items aren't edgy or hip. But they are reasonable and relevant. So let's check in with some of the best, covering a number of topics.

Community service . . . 

     Sue Loncaric of Sizzling Toward Sixty reminds us that thriving isn't just about what we do for ourselves but also how we treat others. Studies show that giving back or being generous and showing kindness can offer health benefits as well as make us feel warm and fuzzy inside. She reports that it's National Volunteers Week in Australia, with its theme of  "Give a little, Change a lot," and that leads her to discuss the benefits of volunteering.

     Meryl Baer of Six Decades and Counting spent one day a week for the past several weeks fulfilling her civic duty. She served on a grand jury and summarizes the experience in her latest post Doing My Civic Duty -- Part 2.

Health . . . 

     Rebecca Olkowski on BabyBoomster.com interviews Daniel Chang, MD, a cataract and refractive surgeon and vision correction specialist. He gives her the goods on having cataract surgery, and offers a few facts that every Baby Boomer should know.

     Carol Cassara, in a powerful piece called Why We Must Shine a Light on Domestic Violence, reveals her own experience and discusses how important it is to talk about domestic abuse in order to eradicate it.

     Rita R. Robison on The Survive and Thrive Boomer Guide calls out the Trump administration for thwarting efforts to get information to consumers about food. Updates to nutrition labels are threatened to be delayed and mandatory labels for genetically modified food will be weakened.

Reminiscing . . .

Laura Lee Carter in The Redemptive Power of Love says she woke up to catch the end of the royal wedding of Harry & Meghan, just in time to witness what was for her the best part -- the part that reminded her of her own bliss after finally meeting her true love at age 49.

Prize for Sightings Over Sixty
     Kathy Gottberg of SmartLiving365 takes it upon herself to answer 30 questions worth asking yourself. Questions like: What trip have you taken that has had a huge impact on you? What is your most underappreciated gift? Under what circumstances are you willing to lie?

     As for me? I've arrived in Independence, MO, just in time to attend the 175th anniversary celebration of the opening of the Oregon Trail, on a trip that I hope will have a lasting impact on me. And -- no lie -- I just found out that this blog won another award. The honor comes from Mason Finance and names Sightings Over Sixty as one of the Top Ten retirement blogs of 2018.

Thursday, May 17, 2018

Driven to Distraction

     I set myself up for a problem. I made a plan to drive 3,000 miles from my home outside of Philadelphia to Seattle, WA. Then I remembered:  I hate to drive!

     As I've related in a number of posts, including What Me Worry? I believe the biggest threat to our everyday health and safety is not high fat or cholesterol, not a lack of exercise, not the prospect of Iran or North Korea developing a nuclear bomb. It's the danger posed to each and every one of us when we innocently climb into our cars and drive out onto the road.

     I'm used to making long trips up and down the East Coast on I95, which is the Wild West of interstates. People speed, tailgate, pass on the right, change lanes without signaling -- and they do it all in heavy traffic and possibly talking on the phone. It's not unusual to see a line of six or eight cars in the left-hand lane, all going 70 or 75 mph, and all about five feet apart. They're just asking for trouble, aren't they?

     Well, after driving a little over 700 miles through Pennsylvania, Ohio and Indiana, I can report that Midwest drivers are a little more courteous. And perhaps a little smarter. They don't speed as much, don't tailgate as much. They're simply not as aggressive.

     Except for the trucks. And it's not just the semis that barrel downhill at 80 mph, it's the pickups as well. Any number of times I've looked in my rear-view mirror to see the grille of a pickup looming up behind me, only a few feet from the back of my car, before it swerves out to the left to pass me by.

     Also, the traffic mix is a little different. In the Midwest at least half of the traffic consists of trucks, of one sort or another. Most of the rest are SUVs of one sort or another.

     I feel a little out of place in my Honda sedan. But then I pass the big Exxon and Shell signs posting gas at 3.09 a gallon, and I'm glad I'm getting 30 miles per gallon ... actually, better than that on the highway. (It also helps that I don't go 70 or 75 mph, which eats up gas at a faster rate.)

     Ford, with its impeccable timing, just announced that it will no longer produce passenger sedans in this country -- with the exception of the budget car Focus and the muscle car Mustang -- preferring to concentrate its efforts on "better selling" trucks and SUVs. Of course, Ford is probably right in projecting high SUV sales when gas is selling at $2.00 or $2.50 a gallon. But what about when gas is $3.00 or $3.50 a gallon, or possibly more?

     I myself have always resisted the siren call of the SUV. I don't think they're any safer than a solid IIHS five-star- rated passenger car, and even the new, smaller ones use up more gasoline. And if you're worried about global warming (as I am) you don't want to use up more gasoline.

     I am one of those in favor of raising the gasoline tax, which has been set at 18.4 cents per gallon since 1993. Accounting for inflation, that tax is about half of what it was 25 years ago.

     I saw former PA Governor Ed Rendell (Dem.) and former U. S. Secretary of Transportation Ray LaHood (Rep.) on TV the other day, pushing for a higher gas tax to fund improvements in our infrastructure. I think it's a good idea. It might help us repave some roads, rebuild a few bridges, and modernize airports and other public transportation. And it might just help save the planet too.

Saturday, May 12, 2018

Go West, Young Man

     I first became interested in the Oregon Trail about 15 years ago when I wrote some materials for a children's project at work. The unit was on great American rivers, and the section I was involved with focused on the Columbia River. We covered the geography, the geology and the environment; but the majority of interest seemed to be on the history surrounding the river, beginning with the Native Americans, then following with Lewis & Clark and the great migration of Americans that started in the 1830s and continued on until . . . well, today.

     I remember reading about Marcus Whitman and his wife Narcissa, who crossed the mountains in 1836 along what was to become the Oregon Trail. Narcissa was one of the first women of European descent to settle in the Northwest. She gave birth to a daughter, who unfortunately drowned at age two in the Walla Walla River.

     The Whitman couple built a mission that became a major stopping off point on the Oregon Trail, but they met a tragic end in 1847 when they were blamed for a measles outbreak that killed several hundred Cayuse Indians. The Indians attacked the mission and killed 13 people, including Marcus and Narcissa. The massacre led to the Cayuse War which only ended after several Cayuse were tried and hanged for murder and the tribes were defeated by the American military.

     I also (I must confess) recall playing The Oregon Trail video game, which was a favorite in our house in the 1990s. But that's a different story.

     Anyway, I came up with an idea for a trip about a month or so ago. I read a book called The Oregon Trail: A New American Journey by Rinker Buck, who followed the original Oregon Trail by mule-drawn wagon a few years ago.

     The three-year lease on my car is up in June. I'd signed up for 15,000 miles per year, and so by now should be up close to 45,000 miles. But I've only driven about 34,000 miles. My idea? Drive from the East Coast to Seattle, following in the footsteps, as much as practicable, of Rinker Buck and those early American pioneers (and The Oregon Trail video game).

     Then, after taking about a month to go 3000+ miles by land, I'll turn in my leased car in Seattle and fly home. I'll pick up my new car -- and still get credit for some unused miles, which means I'll pay for a new lease at the 10,000 mile rate, but have an allowance of about 12,500 miles, which I figure is about how many miles I'll be driving in the next three years.

    When I mentioned this scheme to B, she looked at me askance and said, "So you're going to take a month and spend -- what is this going to cost, probably $6,000 or $7,000? -- just to use up a few extra miles on your car?"

     I thought about that for a moment. "Well . . . yeah," I finally said, "I guess that's kind of ass backwards." I paused, then brightened. "But it's cheaper than vacationing in Europe or Hawaii. Will you come with me?"

     "Sure," she said, "It'll be fun. Can we make a few side trips to see a national park or stay on a ranch along the way?"

     "Absolutely," said I, "as long as it doesn't involve too much extra driving. I'm sure we'll be sick of driving before this is all over."

     B has also been wanting to go visit her grandson in Charleston, SC, who just started walking last week. So the plan is: She'll fly to to Charleston for a few days, while I make the drive to Independence, MO, where the Oregon Trail begins. I'll pick her up at the Kansas City airport and we'll begin our trip.

     Wish us luck. I hope we'll see a bit of the country that we've never seen before. (I've been to Portland and Seattle, but never to Nebraska, Wyoming or Idaho.) And I trust B and I will still be on speaking terms after having spent a month on the road together. At least, I'm sure, we'll fare better than Marcus and Narcissa Whitman.

Wednesday, May 9, 2018

Should Our Kids Blame Us?

     The other night B and I flipped on amazon prime and found The Florida Project, starring Willem Dafoe as Bobby and Bria Vinaite as Halley. Dafoe, as the manager of a welfare motel outside of Disneyworld, garnered an Oscar nomination last year for Best Supporting Actor. Vinaite plays a poor single mother, with a bratty daughter, who is free-spirited and well-meaning, but completely irresponsible and inadequate to deal with the realities of life.

     It's an ambitious movie that succeeds on many levels, although it's slow-going at times and offers (to our minds anyway) a bizarre ending. But I wonder, aside from anything else, is Halley a symbol for the Baby Boom generation? Like her, are boomers idealistic, unrealistic, self-centered, and ultimately unable or unwilling to face the realities of life?

     That might be stretching it. It's just a thought. But if you've seen the movie, does that make any sense to you?

     As Baby Boomers we've heard a lot about the plight of the Millennials who are, after all, our children, and so we should be worried about them. They entered the job market at the height or in the aftermath of the Great Recession, loaded with debt from higher education, laboring in a world where incomes have not risen for 40 years. Their pensions have been taken away and paid out instead to shareholders and upper management. And now Millennials can only look forward to a pensionless retirement even as the Social Security and Medicare systems are projected to be totally broke.

     Is this our fault? Because, like Halley, we are self-centered and irresponsible? Or is this even true?

     A survey from Axios and Survey Monkey says it is. A majority of Millennials blame Baby Boomers for "making things worse," while only 13 percent said their parents have made things better. Meanwhile, boomers themselves are split on the matter -- 32 percent of us give us credit for supporting policies that made things better while 30 percent admitted that we have "made things worse."

     What say you? Remember the Cold War, which was bequeathed to us by our parents? At least our children didn't have to hide under their desks to practice air-raid drills. But, arguably, it was Reagan and the elder Bush who ended the Cold War -- neither one of them boomers. Instead, the two boomer presidents, Clinton and Bush the younger, brought us the anti-West Muslim fundamentalist movement, as well as two major recessions in 2000 - 2002 and 2007 - 2010.

     As for the rest of us, have we boomers improved the economy over the years, in any way, or were we greedy and self-centered, abandoning our youthful ideals to join the establishment and, now, sucking up government resources to pay for our Social Security and Medicare benefits?

    Can boomers take credit for expanding rights for women and minorities? For making the American workplace more humane, and family life more flexible? Or were we neglectful parents, going off to pursue our personal dreams but leaving behind latchkey kids? Or were we instead helicopter parents overprotecting our kids and not allowing them to experience the lessons of hard work, frustration and defeat?

     I do know that very often, we do what's expected of us. My father was one of six children. In his family, back in the 1920s and 1930s, the boys went to college, and the girls got married. But my daughter, his granddaughter, is pursuing a Ph.D. I don't know if she ever felt that was expected of her. But certainly, because of the changing times, the route for that career path was cleared for her. And yet, adjusted for inflation, she doesn't make as much money as I did at her age, even though I had less education.

     Neither does my son, who has a good job in New York City, and works 50 or 60 hours a week, but can barely pay his astronomical rent.

     I don't know what will happen to my kids, after I'm gone. I don't know how much they feel "entitled" simply because they grew up in the relatively affluent 1980s and '90s.

     Much less B's new grandson. Imagine the world he'll be living in 30 years from now. Will he be working as a lackey for the Chinese government, struggling to support one child, unable to afford to take his kid to the doctor or to send him to college? Or will he have all kinds of opportunities we can't even dream of?

Saturday, May 5, 2018

Do Retirees Have to Worry About Inflation?


     After reading about my worst investment mistakes, I wouldn't blame you if you took any financial advice I can offer with a grain of salt. But again, in my defense, I offer up my own bone-headed mistakes in an effort to help others avoid bone-headed mistakes of their own.

     So here is an article I wrote for the U. S. News Retirement website that was also picked up by Yahoo Finance, as fair warning to retirees who might be worried -- or perhaps should be worried -- about the effects of inflation on their retirement nest egg.

     I don't know if you've noticed inflation creeping back into your grocery store or your monthly household bills. But since I wrote this couple of weeks ago, I ran across another sign of inflation, one that really hit me in the gut. The price of a medium-size vanilla cone, with sprinkles, at our local ice-cream stand has gone up 11.1 percent -- from $4.50 last year to $5.00 this year . . . 


Should Retirees Worry About Inflation?

by Tom Sightings

In January the Pennsylvania Turnpike lifted its toll by 6 percent – it will now cost $47.55 to cross the state. Amazon announced an 18 percent increase in Prime membership, from $132 to $156 a year. Average gasoline prices are up a solid 10 percent from this time last year, going from $2.386 to $2.631.

While it’s true that inflation has been low for a number of years, is it possible we’ve been lulled into a sense of complacency? In the 12 months through March, the Consumer Price Index increased 2.4 percent, the largest gain in a year. And Producer prices, often considered a gauge of future inflation, gained 3.0 percent for the 12 months ended in March.

There’s no reason to panic. Prices for some items, such as clothes and telecommunications, have actually gone down a little bit. And in March the CPI dipped, by 0.1 percent, its first stall since last spring. But experts now believe, especially with a tightening labor market and increasing U. S. debt, that inflation is no longer cooling down, but is instead warming up.

So do retirees have to worry about inflation? We no longer have to feed a family, or save for our kids’ high-priced college education. But we still do have to eat, and cover our housing costs and pay medical bills not covered by insurance. And even at a rate of 3 percent, costs increase by 16 percent over five years, and 34.5 percent over ten. Considering that people retiring today can expect to live another 20 years – and one in five of us will live past age 90 – we need to consider our financial lives well out into the future.

So even if you can afford your lifestyle today, are you prepared if prices start to increase. Remember the 1970s? Will Social Security keep up? Will your investments produce enough income?

For the rest of the article, and suggestions on how to protect yourself, go over to "7 Ways to Cope with Inflation in Retirement" at U. S. News On Retirement, or else Yahoo! Finance.

And may you . . . live long and prosper.