Weekly Notables

from the Desk of Brian Bickett, CFP®

for the Week of November 13, 2019

One of the benefits of giving…

This week’s personal finance article explores a recent study on how giving time to help others may help you live longer than giving money.

The results of the study found that volunteering, giving support to friends and being a care giver to someone other than a spouse were all associated with lower mortality risk.  Whereas, giving money to charity or to other people did not effect mortality rates.

One of the possible explanations for this correlation is that dedicating time and energy to others may help us deal with stress by getting us to focus on something other than our own troubles.  

My first hand experience is that shifting my focus to the well-being of others has helped me keep my life in perspective.  This shift has the added benefit of reducing my stress levels and moving me away from the pull of being self-centered.  Both of which not only might increase the amount of time I am here, but also improve that time as well.

Enjoy the ride of YOUR life!

— Brian

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Take a Break

(John Yeigh, HumbleDollar) – This week’s college savings article really delves into the many tax-savings opportunities for parents with dependent children.  Once the emergency fund is fully funded and parents are contributing to their retirement, seven kid-related tax strategies are discussed in detail.

Giving Time, Instead of Money, May Help You Live Longer

(Brett Arends, MarketWatch) – This week’s personal finance article details the results of a recent study of Wisconsin High School graduates beginning in 1957 and how giving time and/or money to others effected their risk of mortality.  After adjusting to other variables such as health and socioeconomic status, those who gave of their time to help others did experience a lower risk of mortality.  

The 9 Types of People You’ll Meet in Retirement 

(Financial Living Blog) – This retirement article groups retirees into 9 distinct stereotypes and details the characteristics of each one.  I believe the article is spot on in the different attributes of each one and many retiree’s will likely straddle two or three of the categories.  

Husqvarna’s Norden 901 Concept is the ADV King of the North

(Seth Richards, CycleWorld) – I thought you would find this motorcycle industry article of interest as it details the newest ADV concept from Harqvarna – the Norden 901.

Where’s Brian?

Reviewing & updating investment models…

Additional Articles You May Find Interesting

Understanding Arch Coal Pension Plan Benefit Options

Understanding Arch Coal Pension Plan Benefit Options

Article written by Brian Bickett   I’ve been able to help a handful of people make educated decisions concerning their Arch Coal Pension Plan in the recent months. While it all comes down to your personal financial goals, here are a few points that have helped my...

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Summary of the 2019 Social Security Trustees’ Report

Summary of the 2019 Social Security Trustees’ Report

Summary of the 2019 Social Security Trustees' Report   Article written by Brian Bickett Earlier than in the past, the Social Security Board of Trustees released their annual report at the end of April this year.  The report for 2018 spans 270 pages that go...

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