2009-12-28
Q: Last year, financially, we kept out heads above water, but we now foresee ourselves being hit with another downhill ride as mergers, bankruptcies and unemployment surfaces. We also own an investment duplex, but recently had to lower the rents. How do you foresee the new year?
A: Many money managers are predicting both a dicey economy and a muddy crystal ball. Major concerns are being focused on the possibility of a sudden upward interest rate movement as well as how many more domestic and foreign bankruptcies may erupt. I am not an investment adviser, but I watch how many retirees are scrounging to find insured security opportunities, larger dividend-paying stocks and higher-yielding bonds and annuities.
Others are looking behind today's numbers and fear major inflation. Large sums of cash are parked in short-term instruments, which are awaiting an opportune time to grab higher rates should they become available.
Currently, I am not chasing higher yields. While awaiting, I like the idea of ripping into your budget and finding a way to squeeze out another $100 a month. It can usually be done when you have a goal. Then invest the $100 monthly in a low-cost mutual fund or a no-load direct stock plan. That is using Ben Franklin's "penny saved" philosophy, which could be a winner.
Some real estate pros advise against selling real estate properties. If more jobs become available and the economy improves, well-located homes and rental unit prices will increase. When the prices of land, materials and labor increase, real estate prices should rise, too!
Q: We understand regular exercise will increase our happiness and longevity. We have slipped doing as much as we should and are especially concerned about falling. Could you suggest a safety checklist, which would be helpful?
A: A short list would include learning to be more cautious and alert when you walk outdoors, especially in rainy or snowy weather. Tree roots, sidewalk holes and elevation changes can be dangerous enemies. Seedpods, small rocks and wet leaves could be on the walkways. In bad weather, exercise at indoor malls and use the elevators instead of escalators. Employed safety patrols are a bonus.
Use the buddy system or groups when possible. Make sure you have enough lighting and your eyeglasses are clean. Carry a small flashlight for dark buildings. Once in a theatre, I nearly fell walking up to the balcony.
It is better to have footwear with firm soles and low heels. Walk more slowly when carrying packages or using a cane. Always use handrails. In both parking lots and public garages, watch those curbs, which often jut out at odd angles, both when you are driving or walking.
When using taxis, buses, trains or other public transportation, be extra careful as many drivers are busy talking on their cell phones, have a music device plugged into their ears and are not very alert. Stop on the islands and wait for the next stop or walk sign.
When our reaction time slows down, the best advice is to slow down your actions. You have earned the extra time!
Doug Mayberry makes the most of life in a Southern California Retirement community. Contact him at deardoug@msn.com. To find out more about Doug Mayberry and read features by other Creators Syndicate writers and cartoonists, visit the Creators Syndicate website at www.creators.com.
COPYRIGHT 2009 CREATORS.COM
