Tag Archives: senior

Diversify for peace of mind in retirement planning

3-bottom, Citizen Journalism, Finances, Local Business, Senior Living, , ,

By Dave Stanley
Integrity Financial Services LLC

“Dollars saved 20 years ago have lost nearly HALF of their purchasing power. Such inflation poses a serious threat to seniors entering retirement, as well as those already in retirement.”
 

Since 2000, the US dollar has lost an incredible 44.2% of its purchasing power. Reports from the government’s Bureau of Labor Statistics (BLS), the official tracker of inflation statistics, indicate inflation may be worse than we think. Even as interest rates remain at their lowest ever, Federal Reserve policies may be pushing inflation higher.

The good news is that taking advantage of viable alternatives to traditional planning and creating a safer, more robust “hybrid” portfolio can help you avoid making those mistakes. (pxhere.com)

What does this mean for retirees and pre-retirees?

If you have an advisor or team of advisors, they most likely have mentioned the idea of “diversification” at least once. Since 2020, however, the concept of diversification has morphed from a “nice idea” into an absolute necessity. Multiple asset classes, particularly cash-flowing assets, seem to be the only cure for thriving in an increasingly volatile investing landscape. Diversification or developing so-called “hybrid” retirement strategies is essential to avoid a retiree’s most dreaded scenario: outliving their savings.

Proper diversification and risk reduction are part of well-designed, customized financial plans. Contrary to what some advisors preach, there are no shortcuts, no “one size fits all” templates to shorten the process. Portfolio allocation is unique to every individual. Some financial professionals believe the only way to ensure a diversified plan is to invest in every kind of asset.

How does one achieve diversification?

Many people don’t want to spread their cash out in multiple assets because they find it too difficult to monitor and maintain. If that is the case, retirees and those nearing retirement should consider several potential sources of income streams. Each of these assets offers different benefits and risks, and growth potential.

Social Security

Although it is a dependable income source, retirees should not regard Social Security as their sole source of retirement money. In 2020, Social Security paid out an average of $1,503, an amount that is insufficient to meet most retirees’ needs.

Fixed instruments

Debt instruments that pay fixed amounts of interest, such as bonds, are commonly used to build diverse retirement blueprints. Interest from these kinds of assets is usually paid on a semi-annual basis. The principal invested goes back to the investor upon maturity.

Stock market

While the market offers high growth potential, recent volatility makes it clear that such growth often comes with higher risks.

It’s critical when considering this option that you clarify how much risk you are willing to take and whether you have time to recover from any losses you might incur. The COVID-19 pandemic has made Wall Street’s outcomes even more unpredictable, meaning it could take years for seniors who invest too heavily in the market to recover from a downturn. Retirees could find they must withdraw more significant amounts of their cash when stock prices are down, leading to faster depletion of retirement savings.

Be sure you consult with a knowledgeable financial planner to determine whether you have the right amount of money invested in stocks.

“Safe money” vehicles 

The cornerstone of a sound retirement is safe money products such as permanent life insurance and annuities. Instead of adding these proven products as afterthoughts, building your portfolio around them makes sense. Owning risk-averse, tax-advantaged products, many of which provide guaranteed income streams, will help you in several ways.

You will be able to plan better, knowing that you have a predictable source of income. Also, unlike stocks and other assets, your principal is protected. And you have the opportunity to use these products to create a legacy for your loved ones. Safe money products like annuities and life insurance also have unique tax advantages that other cash management tools lack.

Depending on your appetite for growth and risk tolerance, there are other possibilities to diversify your retirement portfolio. Before committing to any of these more “exotic” investments, you need to spend time doing your research and due diligence. Then speak to a trusted advisor who will tell you the TRUTH about money and not just try to sell you something.

Financial mistakes can be detrimental to your happiness when you no longer work. The good news is that taking advantage of viable alternatives to traditional planning and creating a safer, more robust “hybrid” portfolio can help you avoid making those mistakes.

Dave Stanley is the host of Safe Money Radio WOOD1300 AM, 106.9 FM and a Financial Advisor and Writer at Integrity Financial Service, LLC, Grandville, MI 49418, Telephone 616-719-1979 or  Register for Dave’s FREE Newsletter at 888-998-3463  or click this link:  Dave Stanley Newsletter – Annuity.com  Dave is a member of Syndicated Columnists, a national organization committed to a fully transparent approach to money management  

How to vacation with a senior loved one

3-bottom, Citizen Journalism, Community Health, Health, How-To's, Recreation, Senior Living, Travel,
Courtesy Vista Springs Assisted Living

By Vista Springs Assisted Living


We all want to go on vacation during the summer months, and there’s no reason why the whole family can’t go on the trip. While traveling with a senior during the holidays or during the summer is more complicated than going on a vacation alone, it’s going to be worth it when you can share the memories you’ve made for years to come.

Make sure your loved one is on board

Ensuring that your family member is prepared for the trip ahead is an essential step to a smooth vacation. Being upfront about what to expect will help everyone be ready for the good and bad of traveling. Don’t frighten them with the experience, but be honest.


It’s also important to make sure they actually want to go. Some seniors are content to stay at home and avoid traveling, so don’t let your excitement and wishes overrule their own. You don’t want to force anyone on a vacation that they don’t want!

Find the right mode of transportation

It’s important to take into account how you will be traveling, as each mode of transportation has positives and negatives that will affect seniors differently. 

Traveling by plane

Airports can be loud and confusing, and some seniors who are wheelchair-bound or struggle with mobility might find air travel especially difficult. You never want the difficulties of travel to overtake the joys of a vacation. However, if you need to get someplace far away or out of the country, it may be the best option to avoid a long trip.

Traveling by car

A road trip somewhere closer to home can help you avoid some of the pitfalls that can be found in a crowded airport, but a car ride comes with its own complications. A long car trip can be very tiring on elderly family members, and the constant jostling can be painful. But for shorter distances or for seniors who want to avoid the crowds at an airport, it can be a good idea.

Traveling by boat

Cruises are a very popular mode of travel and vacation that your loved one might be interested in. While fun for all ages, cruises are especially great for seniors because the trip isn’t as stressful as traveling by plane or car might be, and they have a room to relax in if they get overwhelmed. However, if your loved one gets motion sickness or seasickness, it might not be the best option.

Propose some activities for all ages

Odds are you aren’t only taking mom or dad on your vacation with you. Your spouse, siblings, or kids may be joining you. Because you might have a range of ages, it’s important to plan activities that not only one age group will enjoy. The grown family may love a trip to the museum or a historical site, but your kids may be bored. On the other hand, while your kids might love a water park, it may not work for your senior loved one.


Think of activities that will keep everyone’s interest, or if you do have specific things in mind that might not be all-age friendly, don’t spend an entire day at those locations. Finding fun for all ages isn’t easy, but it is worthwhile.

Keep senior safety in mind

Just as you would remember sunscreen and bug spray for your kids, it’s important to remember the things that your senior loved one needs as well, such as:

  • Medications—get a schedule of when they need to take medicines, and keep them close by even while in a plane or car. 
  • Allergies—if you are planning on staying outdoors, find out their allergies and have a plan for when they act up. Don’t forget about food allergies as well!
  • Healthy foods—Bring along energy-boosting foods that can help seniors regain some stamina. 
  • Sun protection—Make sure you bring along plenty of water for everyone to drink, and that your loved one is getting plenty. Watch for signs of heat exhaustion or stroke, as elderly people are susceptible to the heat.

Plan well in advance

If it’s just you and your family on a vacation, it can be fun to have a loose schedule without many activities planned to see where the day takes you. When you are traveling with an older family member, it’s usually a better idea to have a plan. Make sure there are plenty of breaks planned in between activities to give your senior loved one time to adjust to traveling and regain some energy after a lot of activity. 


Be patient, it’s difficult for elderly people to travel and disrupt their daily routine. Try and keep some things the same, like eating at the same time as usual and waking up at the time your loved one is used to getting up. 


There are lots of things to enjoy during the summer, and there’s no reason why your elderly family members have to stay home and miss out on family vacations. As long are you are clear, take their opinions and wishes in mind, and plan ahead, you are sure to have a family vacation that will lift everyone’s spirits.



School News Network: Godwin Heights Senior goes through the storm to see the rainbow

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Grand with Grit April Martinez has come along way during her high school journey.

By Erin Albanese

School News Network

 

April Martinez is the kind of person who asks, “Do you need anything else?” and “What more can I do?”

 

She’s the student who is ever-present, often helping organize events and taking part in art shows, blood drives, pancake breakfasts, powder-puff games. Others say she’s a natural at uniting people.

 

“I’m everywhere,” the Student Council president said with a laugh. “I love helping people. We do events that make people happy and bring our school together and that’s wonderful to me.

 

Senior April Martinez will graduate on May 31

“Where they need me is where I’ll be.”

 

April graduates on May 31 from Godwin Heights High School, and is headed to Grand Rapids Community College for her associate degree before transferring to Western Michigan University or Aquinas College to major in political science and minor in art.

 

April has always had big goals and a go-getter attitude, she said, but on many days during high school, there was a lot more on her mind than schoolwork.

 

During her freshman year, April and her three siblings, the youngest a baby, were put into foster care after being removed from a situation involving abuse. April and two siblings moved in with an aunt, and the baby was placed with a foster family.

 

“I remember this day so vividly,” she said, recounting arriving at KidsFirst Emergency Shelter, in Grand Rapids. “I couldn’t stop crying. I tried so hard to keep it together. I was worried about how my younger sister was doing.

 

“The hardest part was my little sister being gone. When they took her, it was the worst year ever.”

 

April and her sisters and brother remained in foster care for over a year. The usually smiling, happy April acted out at school by being mouthy and disrespectful. She became unmotivated and depressed, even suicidal at times. She would weep silently in the bathroom at school. “There’s a certain stall where I would cry,” she remembered.

 

She now lives with her grandmother, and with the help of school counselors, her friends and a youth minister at St. Francis Xavier church, she turned things around. “Prayer’s a powerful thing,” she said.

 

April Martinez gets a hug from art teacher Deanne Base

Putting Others Ahead of Herself

She’s embraced her Student Council work with steadfast commitment. “I’m a very outgoing person, so I like to think of myself as reaching out to people who others don’t always notice and making sure people feel part of school. We’re like a family here. I love it.”

 

Teachers say April is always thinking about others. “She’s that person who asks, ‘What else do you need me to do?’ ” said Student Council adviser Robin Carlyle. “She goes above and beyond and is kind and considerate. Life isn’t always good for her, but she doesn’t let it get her down.”

 

Art teacher Deanne Basse said she has “a ton of admiration” for April.

 

“One of her absolute strengths is to keep her composure and poise and always looking beyond herself. When she is tackling her own aspirations, she is also equally as concerned with everybody else. It makes her a very strong leader.”

 

April said she wanted to share her story to help other people who face similar challenges and loss. She wants to inspire them to be strong, to turn to others for help and not give up.

 

“What’s coming is so much better than you ever imagine, if you take the good path,” she said. “You have to go through the storm to see the rainbow.”

Madam President?

Going through the foster care process has inspired April to become more interested in politics, and in the need for social change and to address global issues like human trafficking. She hopes to become a lawyer, and then aim even higher. Yes, that high.

 

“I’ve always wanted to get into politics and be President of the United States,” she said confidently. “I feel like the world can be changed. I’m a believer that we can fix the world.

 

“I tend to see the best in the world and people, because I love people. I love the world.”

 

April said her experiences have shaped her life. “They’ve taught me to be more compassionate and understanding, to be there and help people and not judge them.”

 

Sound like qualities of a good president?

 

“Maybe you’ll be interviewing me when I’m in the Oval Office,” she said. “We’ll see what I’m destined to be.”

 

Check out School News Network for more stories about students, schools, and faculty in West Michigan.

MI Choice offers options for independence

3-bottom, Citizen Journalism, Health, Non-Profits, , , , ,

By Regina Salmi, Area Agency on Aging of Western Michigan

 

According to a 2015 report on caregiving by the AARP, 16.6% of adults act as an unpaid caregiver of another adult age 50 or over. This may be a spouse caring for their husband/wife, a family caring for their mother/father, or even a friend caring for another who doesn’t have family available. As our aging population continues to grow, so will the number of people who find themselves in position of caring for a loved one.

Often when we begin having discussions about those we are caring for, with them or other family members, we often assume that the decisions are “Who is mom going to live with?” or “Should we start looking at nursing homes for dad?” A person caring for their spouse may be reluctant to ask for help, believing that it means they are incapable of providing for their loved one, and fear losing them as a result. Many people are unaware that there are options available for older adults that may not require a move or loss of independence at all.

The MI Choice Medicaid Waiver Program is one of these options. Created in 1992, MI Choice is an income-eligible program providing in-home services to older adults in order to help them remain in their own homes rather than a nursing home or to move in with a relative. With assistance, many older adults are able to live independently for the remainder of their lives.

Individuals in the MI Choice program can receive help with all sorts of daily living tasks, like in-home cleaning services, bathing and dressing, nursing, and meal delivery. Individuals may qualify for services like home modifications, personal emergency response systems, and transportation. For those families who already made the choice to have a loved one move in with them, these services are available to help care for a loved one in your home, as well as respite services for those times when family caregivers need a break. In addition, MI Choice Medicaid Waiver saves Michigan tax-payers money.

Providing in-home services costs far less than a move into a nursing home. Applying for the MI Choice program begins with a phone call to Area Agency on Aging of Western Michigan. Applicants to the program are pre-screened for income eligibility, so it is important to have financial information on hand. Once an applicant’s income is verified, a Care Management team, comprised of a Social Worker and an R.N., is sent to the home to do an assessment. This assessment determines what supports are necessary to help an older adult remain at home.

Throughout this process, the individual and anyone else they choose to have involved has a say in what services they want and how they want them delivered. There are supports we may be qualified to have, but we do not want them, or we want less of them. The Care Management team will work to insure you have a say in decisions made about your care every step of the way.

If you are interested in learning more about the services that may be available to you or your loved ones or you would like to begin the application process, contact Area Agency on Aging of Western Michigan at 888.456.5664 or email at aaainfo@aaawm.org. Even if the MI Choice Medicaid Waiver program isn’t for you, there are a number of other services available through Area Agency on Aging of Western Michigan and their partners for older adults, people with disabilities, and their caregivers. Visit our website: www.aaawm.org or find us on Facebook.