Boomers Retirement: Three Of The Top Hidden Costs Facing Retirees

From a Wall Street Journal online article:

“many people are poorly prepared for unexpected expenses” in later life, the study notes. Even worse, about one in five retirees (19%) and one in four retired widows (24%) experienced four or more shocks during retirement. The good news: Many older adults who get hit with stealth expenses appear to bounce back.

• Replacement costs. Big-ticket buys—a new furnace, updated appliances, a fresh coat of house paint—can put sizable dents in your nest egg. But most people don’t consider that these outlays can follow them into later life or that such costs can continue to add up for decades. A contributing factor: Many retirees underestimate their life expectancy.

• Relatives in need. This can hit you from two sides: aging parents feeling a financial pinch and younger family members who suddenly find themselves in a bind. With the latter, perhaps it can be an adult child who gets laid off or divorced, or a grandchild who needs help with tuition.

Costs in Retirement• Required distributions. Most people know that, after reaching age 70½, they must begin withdrawing funds from tax-deferred accounts (like IRAs). What they fail to understand are the ripple effects from these payouts. Required minimum distributions can, first, push you into a higher tax bracket and, second, translate into increased Medicare Part B premiums (which are tied to annual income).

To read more: https://www.wsj.com/articles/the-expenses-people-often-forget-when-they-plan-for-retirement-11571321423

Health Care Costs: Top 5 Highest Paid Physician Specialties (PayScale.com)

From a Becker’s Spine online article:

PayScale LogoPayScale reports real-time salary data from over 54 million reports from job seekers, fact checking the data against private and public compensation data.

Here’s how average pay ranges for five physician specialties stack up:

1. Neurosurgeon: $401,499

2. Cardiothoracic surgeon: $387,451

3. Invasive cardiologist: $382,361

4. Orthopedic surgeon: $375,091

5. Gastroenterologist: $309,604

To read more: https://www.beckersspine.com/spine/item/47223-5-highest-paying-physician-specialties-neurosurgeon-no-1-at-401k.html?oly_enc_id=9129H5611090H0N

 

Poetic Travel Films: “Where The Sun Is Born – Japan” Featuring Charles Baudelaire By L’oeil d’Eos

Filmed, Edited and Directed by: L’oeil d’Eos

Against tide and on the sidelines of the crowd, it’s a confidential Japan that we present to you in this video. Condensed from our two recent trips to the Land of the Rising Sun, this film is an ode to the connection to nature and urban harmony that characterize Japan so well.

Where The Sun Is Born - Japan Cinematic Poem Short Film by L'oeil d'Eos 2019

The words of Charles Baudelaire respond to the images, or rather is it the opposite ?

There are atmospheres that you imagine more than others, and if someone had asked us the question earlier, it’s exactly with these images, these moments that we would have described Japan.

Where the sun is born, where effervescence becomes a sense of appeasement, where meditation and lifestyle become one.

Where The Sun Is Born - Japan Cinematic Poem Short Film by L'oeil d'Eos 2019

“GET DRUNK” by Charles Baudelaire

ONE SHOULD always be drunk. That’s the great thing; the only question.
Not to feel the horrible burden of Time weighing on your shoulders and bowing you to the earth, you should be drunk without respite.

Drunk with what? With wine, with poetry, or with virtue, as you please. But get drunk.

And if sometimes you should happen to awake, on the stairs of a palace, on the green grass of a ditch, in the dreary solitude of your own room, and find that your drunkenness is ebbing or has vanished, ask the wind and the wave, ask star, bird, or clock, ask everything that flies, everything that moans, everything that flows, everything that sings, everything that speaks, ask them the time; and the wind, the wave, the star, the bird and the clock will all reply: “It is Time to get drunk! If you are not to be the martyred slaves of Time, be perpetually drunk! With wine, with poetry, or with virtue, as you please.”

Where The Sun Is Born - Japan Cinematic Poem Short Film by L'oeil d'Eos 2019

Website: https://loeildeos.com/videos-de-voyage/

Boomers Homes: Costly Modifications Needed To Stay In Your Existing Home

From a Kaiser Health News online article:

Homes for aging Boomers costly renovationsLeaving nothing to chance, the Cavners are making a number of modifications they might never need. For instance, neither uses a wheelchair, but contractors are making all doorways 3 feet wide for accessibility throughout — just in case. The master bath roll-in shower, flat and rimless, will provide room to maneuver and the master bath vanity is also at wheelchair-accessible height. Kitchen drawers, rather than cabinets, will allow easy access in a wheelchair. The Cavners are closely watching details of the renovation, but it wasn’t a hard decision.

AUSTIN, Texas — Chris and Dennis Cavner, in their early 70s, are preparing to move less than two blocks away into a 2,720-square-foot, ranch-style house they bought this year. But first a renovation is underway, taking the 45-year-old property all the way back to its studs. When the work is completed, these baby boomers are confident the move will land them in their forever home.

“We wanted to find a house that we could live in literally for the rest of our lives,” he said. “We were looking specifically for a one-story house — and one that had a flat lot, to age in place.”

To read more: https://khn.org/news/baby-boomers-aging-aging-in-place-retrofit-homes/

Architecture: The Frank Lloyd Wright Designed Guggenheim Museum Celebrates 60th Year

Frank Lloyd Wright Guggenheim MuseumThis year marks the 60th anniversary of Frank Lloyd Wright’s building for the Solomon R. Guggenheim Museum. Since opening its doors on October 21, 1959, the architectural icon has inspired countless visitors and is widely seen as Wright’s masterpiece.

From its opening to the present day, the Solomon R. Guggenheim Museum has been an unparalleled physical and cultural presence in the New York landscape.

Over the course of the sixteen-year period between the commissioning of the Solomon R. Guggenheim Museum in 1943 and its 1959 opening, the project underwent a series of revisions. The iconic spiral form remained primarily unchanged, but a close reading of documents in the Guggenheim Museum Archives sheds additional light on an array of obscure details that were designed out over time to accommodate budgetary, programmatic, and structural needs and constraints.

To read more: https://www.guggenheim.org/the-frank-lloyd-wright-building

New Exhibitions: “A Tale Of Two Women Painters – Sofonisba Anguissola And Lavinia Fontana”(Prado)

From an Apollo Magazine online review:

Queen Anna of Austria (c. 1573), Sofonisba Anguissola. Museo Nacional del Prado, MadridBorn in Bologna in 1552, Lavinia Fontana is often considered to be the first professional woman painter; she was the first to be accepted into the Accademia di San Luca in Rome, and supported her family throughout her life by gaining prestigious commissions for portraits in the city. This self-portrait has been interpreted as a wedding painting; it was completed in the year of Fontana’s marriage to Giovan Paolo Zappi, a fellow artist who became her agent and manager.

Self-Portrait at the Easel (c. 1556–57), Sofonisba Anguissola. Łańcut CastleSofonisba Anguissola was born into an aristocratic family from Cremona in around 1532; she travelled to Rome as a young woman, where her talent was recognised by Michelangelo, and in 1559 became lady-in-waiting to Elisabeth de Valois, Queen of Spain (and a keen amateur painter). She became a court painter to Philip II, and remained at court for some 15 years – at least until her marriage to a Sicilian nobleman after Elisabeth’s death in 1568, for which Philip II provided the dowry. Here she portrays Anna of Austria, who became Queen of Spain after Philip remarried in 1570.

Prado MuseumPart of the Prado’s bicentenary celebrations, this exhibition looks at two of the most significant women artists of the Renaissance. Though born into very different social classes, both Lavinia Fontana and Sofonisba Anguissola rose to heights of prestige that had not previously been scaled by women painters – Fontana at the Vatican, and Anguissola at the Spanish court.

To read more: https://www.apollo-magazine.com/art-diary/a-tale-of-two-women-painters-sofonisba-anguissola-and-lavinia-fontana/?utm_medium=email&utm_campaign=APBR%20%2020191020%20%20AL&utm_content=APBR%20%2020191020%20%20AL+CID_fd9e2bf8d99fdf80e9a01126a4b72680&utm_source=CampaignMonitor_Apollo&utm_term=Sofonisba%20Anguissola%20and%20Lavinia%20Fontana

Top New Travel Videos: “Albion” Is An Aerial View Of Great Britain (2019)

Filmed, Edited and Directed by: Alex William Helin

Albion Short Travel Video In England by Alex William Helin 2019

Albion, another name for the island of Great Britain, is a journey through foggy English countryside via rocky limestone scenery to Scottish highlands.

Albion Short Travel Video In England by Alex William Helin 2019

Music: Aeons 2 by Mark Petrie/ Andrew Phralow

Website: https://www.awhelinphotography.com/