CAN YOU RETIRE

May 29, 2018


At some time in our working future we all hope to retire, but one burning question lingers—can you retire on what you have or will save at that point?  We are told that:

At some point in your life, you’ll be using this money to support your lifestyle. By the time you reach sixty (60), you should have six times your salary saved – that’s $360,000 if you make $60,000 per year. Unfortunately, the average sixty-something has an estimated median of $172,000 in the bank.  That is an estimate as of December 8, 2016.  Nearly half of American families have no retirement account savings at all.  This really blows my mind but this fact is what we are told by the Economic Policy Institute (EPI) in a new report entitled, “The State of American Retirement”.  Please take a look at the graphic below and you can see age groups vs retirement account savings.

Whereas the average savings of a family with members in the 32-to-37 age range is $31,644, the median savings is a bleak $480. At the other end, the average savings of families 56 to 61 — those nearest to retirement — is $163,557. The median is $17,000.

I think there are very specific reasons for the lack of savings, especially for younger citizens of our country.  Student loans, cost of living, pay scales, credit card debt, living above ones means, etc. all contribute to the inability to save or at least save enough for retirement.

The web site called MoneyWise.com has a very interesting solution to this problem or possible solution.  If you go to this web site and look up the following post: “Places You can Retire to for Less Than $200K” you will see a list of twenty (20) countries that can supply most if not all of your needs if your retirement is less than $200 K.  Let’s take a look at the list in order of favorability.

Thailand

Costa Rica

Nicaragua

Malaysia

Mexico

Malta

Ecuador

Spain

Portugal

Panama

Australia

Austria

Czech Republic

Slovenia

Chile

Uruguay

Vietnam

Guam

Indonesia

South Africa

MoneyWise.com completed a study comparing housing availability, cost of living, health care, crime, government and several other indicators to compile this list.  It is a very interesting study and I encourage you to take a look even if you are not considering being an expatriate. You just might change your mind.

There are two other web sites I definitely recommend you check out as follows: 1.)  The CIA Fact Book and 2.) Lonely Planet.  From these two you will find very valuable information relative to any country you wish to research.  Look before you leap might just be in order here. Another option might be spending time and not completely relocating.  Two, three, six or even nine months during one year might get you beyond worry relative to being able to afford retirement on what you have saved.  The most important thing is to DO THE RESEARCH.  Make a list, then a short list of the countries that represent the leading candidates. THEN MAKE A VISIT. Wade—don’t jump.  Several other considerations I would list are as follows:

  • Make sure you consider your family, friends and support group before you make the move. Will they be willing and able to visit on a regular basis if needed?
  • A huge factor for me would be availability of good if not excellent medical facilities.
  • Cost of transportation.
  • Language considerations. If English is an issue, how difficult would learning their language be?
  • Power supplied. (I know this is off the wall.) Does the country provide 120-volt AC, 60 cycles per second or do they provide another voltage and frequency?  In other words, will your electronics work?  Will you have to buy new equipment or can a converter do the job?
  • How difficult and costly is communication “back home”? This includes Internet services.
  • Viability of local banking institutions
  • Stability of government
  • Weather factors

This is where good research is a MUST.

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I don’t subscribe to the magazine Gentlemen’s’ Quarterly so I never actually read the publication but one news story really caught my attention.  GQ has published an article entitled “21 Books You Don’t Have to Read”.  To their credit, they do indicate what books would be preferable for each of the twenty-one removed from the “reading list”.  Let’s take a look:

  • Lonesome Dove by Larry McMurtry
  • The Catcher in the Rye by J. D. Salinger
  • Goodbye to All That by Robert Graves
  • The Old Man and the Sea by Ernest Hemingway
  • The Alchemist by Paulo Coelho
  • A Farewell to Arms by Ernest Hemingway
  • Blood Meridian by Cormac McCarthy
  • John Adams by David McCullough
  • Adventures of Huckleberry Finn by Mark Twain
  • The Ambassadors by Henry James
  • The Bible
  • Franny and Zooey by J. D. Salinger
  • The Lord of the Rings by J. R. R. Tolkien
  • Dracula by Bram Stoker
  • Catch-22 by Joseph Heller
  • Life by Keith Richards
  • Freedom by Jonathan Franzen
  • Gravity’s Rainbow by Thomas Pynchon
  • Slaughterhouse-Five by Kurt Vonnegut
  • Gulliver’s Travels by Jonathan Swift

I was really surprised to see the Bible on the list even though this is a “progressive” magazine.  Here is the logic behind removing it and basically indicating it is of no use to “modern man”.

The Holy Bible is rated very highly by all the people who supposedly live by it but who in actuality have not read it. Those who have read it know there are some good parts, but overall it is certainly not the finest thing that man has ever produced. It is repetitive, self-contradictory, sententious, foolish, and even at times ill-intentioned. If the thing you heard was good about the Bible was the nasty bits, then I propose Agota Kristof’s The Notebook, a marvelous tale of two brothers who have to get along when things get rough. The subtlety and cruelty of this story is like that famous sword stroke (from below the boat) that plunged upward through the bowels, the lungs, and the throat and into the brain of the rower. —Jesse Ball, ‘Census’

This is one man’s opinion but certainly not mine. Eric Metaxas and G. Shane Morris of Breakpoint.org state the following relative to the GQ article: “Seldom have I seen an example of the blind leading the blind as blatant as this article.  Condemned were such classics as “The Adventures of Huckleberry Finn”, and the “Lord of the Rings”.  The magazine’s editors describe these beloved titles variously as racist, sexist and just really, really boring. “

The average number of books each person reads on a yearly basis is twelve (12)…but that number is inflated by the most avid readers. The most frequently reported number was four (4) books per year. Of course, there’s plenty of variation among demographics. Certain groups read more, or less, than the country as a whole. Here’s what the data showed:

Educated, affluent women read the most.

Women tend to read more than men. About seventy-seven (77) percent of American women read at least one book in 2015, compared with sixty-seven (67) percent of American guys. Also, the average woman reads fourteen (14) books in a twelve-month span, while the average man read only nine.  Across both genders, readership also went up with education and income. About ninety (90) percent of college grads read at least one book a year, compared to thirty-four (34) percent of people who haven’t finished high school. Also, the more money they earned, the likelier they were to be readers. It’s hard to say whether education and income are causes of this trend, since people who go to college probably grow up reading more anyway, and income correlates with education. But the bottom line is that educated, high-earning women sit atop the reading pyramid in America.

Older people read less.

One notable aspect of the data is that people tend to read less as they age. Fully eighty (80) percent of 18–29-year-olds reported reading at least one book, compared to sixty-nine (69) percent of seniors sixty-five and older.

I was told years ago—ALWAYS READ THE GOOD BOOKS FIRST.  The classics and those authors that can really “pack a punch”.  There are several great books not on the list.  The twelve novels considered to be the greatest novels ever written are:

  • Anna Karenina
  • To Kill a Mockingbird
  • The Great Gatsby
  • One Hundred Years of Solitude
  • A Passage to India
  • Invisible Man
  • Don Quixote
  • Beloved
  • Dalloway
  • Things Fall Apart
  • Jane Eyre
  • The Color Purple 

I’m really happy GQ has given us permission to read the twelve books considered to be the best ever written.  Give me hope in the future 😊

As always, please give me your opinion.

FLY ME

May 19, 2018


I really enjoy traveling, that is BEING THERE.  Getting there is another story.  In the Southeastern portion of the United States you generally have to go through Atlanta to reach your final destination.  It’s just a fact of life.   If we take a quick look at ATL for the month of January 2018, we see the following statistics:

Please remember, all passengers including crew must go through screening (TSA) before boarding their flight.  That means EVERYONE.   Kennedy, Chicago, LAX, Miami, etc. operates in a similar fashion.  I have waited in the TSA line at ATL for close to two (2) hours then, take off your shoes, belt, empty your pockets, remove your glasses, watch, put your laptop and cell phone face up on top of all luggage, etc. etc.   People who fly on a regular basis get use to it but it’s always a hassle.  There is another way, maybe expensive but more and more business travelers are discovering and using business aircraft.

BUSINESS AIRCRAFT:

The primary driver of business aircraft use today is scheduling flexibility and reduction in the complexities relative to travel. In fact, according to the most recent study of general aviation trends by the National Business Aviation Association (NBAA), passengers indicated, on average, that more than fifty percent (50%) of the business aircraft flights taken enable the business traveler to keep schedules they otherwise could not meet efficiently using scheduled commercial flights.

This past Friday, Aviation International News (AIN) published its annual Charter Market Report titled, “The industry is climbing.” It reported private charters in the U.S. increased ten percent (10%) in the number of flights (543,449 compared with 493,431) and twelve- point seven percent (12.7%) in flight hours (765,196 compared with 679,018) during the first half of 2017.

With that type of good news, perhaps it’s not surprising that companies such as Wheels Up, VistaJet, Victor, Stellar Aero Labs and JetSmarter, which all operate in that space, collectively announced nearly four hundred ($400) million in new investments just since the start of the summer. “People have business to do and you can’t-do it flying commercially,” says Kenny Dichter, the CEO and co-founder of Wheels Up, which uses the King Air 350i to help its customers get to those smaller airports that are hard to reach. At the other end of the charter and jet card and program membership spectrum, VistaJet has made its mark with luxury-laden long-range jets catering to Ultra High Net Worth families and global executives who hop between Continents like you and I cross the street.

DELTA IS READY WHEN YOUR ARE:

True but there are disadvantages to flying commercial.

  • The loss of time is a major issue on commercial flights. From the long lines, potential layovers and the often-longer trip to the airport as well as having to check in early. This can easily add up to losing hours upon hours of time that could have been spent more productively. In addition, security delays can not only be a huge hassle, they can cost more time as well.
  • Passengers have to find a flight that fits in with their schedule or can be forced to alter their calendar to fit in with the airlines.
  • With crowded seating, there is little space to conduct business and even less privacy. If you had hoped to conduct a meeting or negotiate a deal in private, other passengers and crew are likely to overhear those conversations.
  • Commercial airlines offer little in the way of amenities. Today, food and beverages options rarely include much more than a drink and a bag of pretzels. First class is better, but you still get what you get.
  • The risk of lost luggage with passengers separated from their bags is another issue when flying commercially.

ADVANTAGES OF PRIVATE BUSINESS TRAVEL:

  • You’ll avoid the inconvenience of the liquid bans that come with flying commercially.
  • You can travel with special belongings, business samples, sports gear, instruments or even bring your pet into the cabin if you so choose.
  • You’ll not only have more time to conduct business, you’ll have more time to spend with your family and friends by reducing the hours you spend traveling.
  • Flying on a private jet projects an image of success. You’ll be seen as an individual or organization that is well-run, efficient and can afford to fly privately.
  • A light commercial jet which can seat five to six (5- 6) people, will cost around $2,000 per hour, larger aircraft which can hold more people and fly further cost more.
  • With a private jet you can fly out of an airport that is much closer to your home or business location, allowing you to skip the traffic, bypass security lines and those frequent delays that commercial airlines often incur.
  • Once on your flight, you’ll find the ultimate in exceptional customer service with individualized attention and the treatment you deserve.
  • Private planes offer luxury furnishings and plenty of space to conduct private business. Order your preferred food and drinks ahead of time, and you can even enjoy your favorite meal on the flight if you desire.

CONCLUSIONS:

Most of us, myself included, cannot afford private travel, business or otherwise, but more and more businesses are investigating private business travel for very busy executives.  I do not mean leasing, I mean scheduling “a ride” from a company such as mentioned earlier in this post.  In Chattanooga, we have HESS Jet. The service area for HESS Jet may be seen as follows:

An example of the aircraft you can schedule is shown below.  It is a four-seat, twin engine small jet capable of servicing the eastern half of the United States.   If you need an aircraft with larger seating capacity, that can be arranged also.

Now take a look at the interior of the aircraft above.  Think you could get use to this?  Most business men and women would definitely say yes.

I know several people who charter business aircraft during SEC football season.  They, of course, split the costs and really travel in style.  This is becoming more and more common in our country today.  Maybe something to think about.

THE GIRL IN THE WOODS

May 15, 2018


A teenage schoolgirl is found on a nature hike being taken by a group of grammar school children.   They found a severed human foot wearing pink nail polish.  Gruesome but invaluable clues that lead forensic pathologist Birdy Waterman down a much darker trail to a dangerous psychopath whose powers of persuasion seem to have no end.  Only by teaming up with sheriff’s detective Kendall Stark can Birdy hope to even the odds in a deadly game of hide and seek. It’s a fateful decision the killer wants them to make and the only manner by which Birdy and Kendall can find their way to the murderer who is ready and willing to kill again.

Details on the book are as follows:

  • Series:A Waterman & Stark Thriller (Book 3)
  • Mass Market Paperback:416 pages
  • Publisher:Pinnacle (October 28, 2014)
  • Language:English
  • ISBN-10:0786029943
  • ISBN-13:978-0786029945
  • Average Customer Review from Amazon:0 out of 5 stars 

I always like to know something about the author so here is a very brief biography of Mr. Olsen.

BIOGRAPHY OF GREGG OLSEN:

New York Times, Wall Street Journal and USA Today bestselling author, Olsen has written nine nonfiction books, nine novels, a novella, and contributed a short story to a collection edited by Lee Child.

The award-winning author has been a guest on dozens of national and local television shows, including educational programs for the History Channel, Learning Channel, and Discovery Channel. He has also appeared on Dateline NBC, William Shatner’s Aftermath, Deadly Women on Investigation Discovery, Good Morning America, The Early Show, The Today Show, FOX News, CNN, Anderson Cooper 360, MSNBC, Entertainment Tonight, CBS 48 Hours, Oxygen’s Snapped, Court TV’s Crier Live, Inside Edition, Extra, Access Hollywood, and A&E’s Biography.

In addition to television and radio appearances, he has been featured in RedbookUSA TodayPeopleSalon magazine, Seattle TimesLos Angeles Times and the New York Post.

The Deep Dark was named Idaho Book of the Year by the ILA and Starvation Heights was honored by Washington’s Secretary of State for the book’s contribution to Washington state history and culture. His Young Adult novel, Envy, was the official selection of Washington for the National Book Festival.

Olsen, a Seattle native, lives in Olalla, Washington with his wife, twin daughters, three chickens, Milo (an obedience school dropout cocker spaniel) and Suri (a mini dachshund so spoiled she wears a sweater).

This book is the first in the Waterman and Stark Thriller series linking two ladies into a crime-solving team.  Dr. Birdy Waterman is a forensic pathologist and Kendall Stark is the Chief of Police for a very small town in the Pacific Northwest–Washington State to be exact.  The book is definitely worth buying and reading although I have several wishes I feel would be very helpful.  These are as follows:

  • I would love to see Mr. Olsen give more, maybe much more, background information on the characters. I feel he missed a great opportunity to explore their characteristics and how they came to their respective professions.  He does not do them justice but simply “plops” them down to solve the crime mentioned. Since “GIRL IN THE WOODS” is the first in the series, it would have been very helpful and would have set the stage for succeeding books.
  • Olsen is a good writer but not really a “word-smith” or at least for this novel. His writing is very straightforward with few flairs and embellishments.  There are no “trick”—memorable phrases in this book.  That’s OK with me but I feel his capabilities are there but not demonstrated in this book.
  • The ending is brief with no real explanations. It just ends.  I would like to see more descriptive information that he has given.

REVIEWS:

We are all different so I would like to give you several independent reviews of others who have read “Girl in the Woods”.

CONCLUSIONS:

As you can see, the reviews are mixed but all-in-all it is a book worth reading.  I feel you are either going to love this book or put it down after several chapters and go on to another author.  Just my thoughts.

THE RIGHT SNUFF

May 7, 2018


This past weekend my wife traveled to ‘Hot-Lanta (Atlanta) to attend a baby shower.  Other family members went also but I decided, for several reasons, not to attend.  After a long day of working around the house, (I really did.) I decided to get dinner at a local Italian restaurant called Provino’s.  Absolutely great Italian food.   While seated, I noticed a young couple entering and sitting in an adjoining booth at my two o’clock position.  No doubt about this one, they were on a date and apparently their first date.  He was really nervous and immediately knocked over a full glass of water.  The young lady called a waiter and she quickly removed all of the silverware, glasses, plates, etc. and moped up.  After the commotion, things settled down a bit but he then realized he had a chew of tobacco he had to “lose” before going much further.  Well he did the right thing, he excused himself and I assume took the short trip to the men’s room to dislodge the plug.  Not a great start but at least she did not walk out on him and call UBER.  I started thinking about smokeless tobacco and the health effects related to usage and decided to take a look at what we know.

I was actually startled to learn the following facts from the CDC relative to usage:

  • Adults aged eighteen (18) years and older: more than three (3) in every 100 (3.4%)
  • Men: nearly seven (7) in every 100 (6.7%)
  • Women: fewer than one (1) in every 100 (0.3%)
  • Non-Hispanic African Americans: more than one (1) in every 100 (1.2%)
  • Non-Hispanic American Indians/Alaska Natives: more than seven (7) in every 100 (7.1%)
  • Non-Hispanic Asians: fewer than one (1) in every 100 (0.6%)
  • Hispanics: fewer than one (1) in every 100 (0.9%)
  • Non-Hispanic Whites: nearly five (5) in every 100 (4.6%)

The following chart will show the usage.

Smokeless tobacco is definitely a health hazard—a considerable health hazard: *Leukoplakia, oral lesions that appear as white patches on the cheeks, gums or tongue, are commonly found present in smokeless tobacco users. Leukoplakia can be a pre-cancerous lesion which may ultimately produce oral cancer. About seventy-five (75%) percent of daily users of smokeless tobacco will get leukoplakia. (American Cancer Society) Dec 14, 2016.   Researchers estimated that in 2010 alone, smokeless tobacco caused more than 62,000 deaths due to cancers of the mouth, pharynx and esophagus, and more than 200,000 deaths from heart disease. Sep 2, 2015.   You may think that dipping is less hazardous than chewing tobacco but it definitely is NOT.  Overall, people who dip or chew get about the same amount of nicotine as regular smokers. They also get at least thirty (30) chemicals that are known to cause cancer. The most harmful cancer-causing substances in smokeless tobacco are tobacco-specific nitrosamines (TSNAs). Nov 13, 2015.    With this being the case, just how long does it take some users to develop health issues when using smokeless tobacco?  Some athletes have developed mouth cancer after only six (6) or seven (7) years of using spit tobacco. It’s hard to cure because it spreads fast. If not caught right away, major surgery is often needed to take out parts of your mouth, jaw, and tongue.

WARNING:

I’m going to show you several pictures that indicate the results of using smokeless tobacco (dipping and chewing).  These are not for the squeamish so if you need to leave this blog, now is the time to do it.

READY TO QUIT NOW?

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