from the Desk of Brian Bickett, CFP®
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.
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(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.
(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.
(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.
(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.
Reviewing & updating investment models…
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