Books For Boomers: “The Plaza” By Julie Satow Is “Social History At Its Best”

“In this definitive history, award-winning New York Times journalist Julie Satow not only pulls back the curtain on Truman Capote’s Black and White Ball and The Beatles’ first stateside visit — she also follows the money trail. THE PLAZA reveals how, during the Great Depression, it was a handful of rich, dowager widows who were the financial lifeline that saved the hotel, and how foreign money and the anonymous shell companies of today have transformed the iconic guest rooms into condominiums shielding ill-gotten gains — hollowing out parts of the hotel as well as the city around it.”

The Plaza Julie Satow

Read more about the book: http://www.juliesatow.com/the-plaza-wip

Investment Portfolios: Health Care Stocks For Boomers To Invest In

“To cash in on these long-term trends, we scoured the sector and found eight good opportunities. The stocks we like fall into three broad health care areas: drugmakers, health care service providers, and medical device and equipment manufacturers. Their share prices may continue to bounce around, especially as we near the 2020 elections. Smart investors will buy more when shares dip. “If you have flexibility and you can pick your spots, you can make money,” says Matt Benkendorf, chief investment officer at money management firm Vontobel Quality Growth.”

  • Merck (symbol MRK, price $83) is an elder statesman in the pharma world that should continue to thrive in the new order. Keytruda, Merck’s immunotherapy drug that basically gets the immune system to kill cancer cells, is “rapidly becoming one of the largest products we’ve ever seen,” says JPMorgan Chase analyst Christopher Thomas Schott.
  • Neurocrine Biosciences (NBIX, $84) is expected to be profitable in 2020. It has two drugs on the market and a strong pipeline of therapies in all stages of development. One of its commercial drugs, Ingrezza, is a “best in class” therapy for tardive dyskinesia, a condition that causes jerky, involuntary face and body movements, says Credit Suisse’s Seigerman. He thinks it could fetch annual sales of $2 billion by the early 2020s.
  • CVS Health (CVS, $54) aims to give UnitedHealth a run for its money. It’s best known for its drugstores—70% of people in the U.S. live within three miles of a CVS pharmacy—but it operates more than 1,000 walk-in clinics, too. With its acquisition of Aetna in late 2018, CVS is now also an insurer.
  • After spinning off its drug division in 2013, Abbott Laboratories (ABT, $82) now focuses on a diverse roster of products that includes nutritional drinks, diagnostics, generic drugs and medical devices. But a trio of new products put it in the sweet spot of the health care sector’s innovation surge, says William Blair’s Golan. 

Read more in Kiplinger’s: https://www.kiplinger.com/article/investing/T052-C000-S002-9-health-care-stocks-for-your-portfolio.html

Health Care Stocks for Boomers to Invest in

Boomers Healthy Sleep: Listen To Stephen Fry Read ‘Blue Gold’ About Southern France (Calm)

Stephen Fry is a national treasure in Britain, an Emmy winner, and the narrator of all 7 Harry Potter books.

About Sleep Stories: Calm created a natural sleep aid, in the form of bedtime stories for grown-ups called Sleep Stories.

Visit the “Calm” website for more information:

https://www.calm.com/narrators/41FcQWqIX/stephen-fry

Modern American “Road Trips” Began With Henry Ford And Thomas Edison “Autocamping” In 1920’s

“By the mid-1920s, the term “autocamper”— describing drivers whose trips were long enough to necessitate stops at night to camp —entered the national lexicon. Thanks were due in large part to Henry Ford and three of his friends: the inventor Thomas Edison, the tire-company magnate Harvey Firestone and the naturalist and author John Burroughs.”

Ford_Edison_Harding_and_Firestone_New_York_Times_1921

  • “…when Ford and Edison, joined by Firestone (one of Ford’s major suppliers) and Burroughs (Ford enjoyed his books and essays on nature), set out on their summer car trips, Americans were eager to share every moment. The Vagabonds’ car-and-truck caravan was routinely followed by packs of journalists and film crews, the latter often hired by Ford. In theaters, feature films were proceeded by news “shorts,” and audiences enjoyed watching Ford perform basic roadside repairs and Edison snooze beside a campfire…”

Wall Street Journal

Read more in the Wall Street Journal:

https://www.wsj.com/articles/the-invention-of-the-summer-road-trip-11561780860

Hospital Costs And Drug Price Transparency Might Not Bring About Desired Health Care Savings

Harvard Business Review Logo“Will price transparency lower health care costs? Economic theory and hospital opposition suggest it would, but the answer is not as straightforward as you might expect and could differ from market to market. Health care is a really strange economic sector, and it doesn’t always follow the usual rules.”

  • …hospitals with low fees may demand the higher prices charged by sister institutions. Since 70% of hospital markets are so consolidated that they lack effective competition, the ability of low-priced institutions to push fees up should not be underestimated.
  • …some research also shows that in the absence of understandable quality information, some consumers assume that high price means high quality and are actually drawn to higher-priced institutions. There’s a reason, after all, that the Ritz is more expensive than Motel 6. 

Click link below to read more:

https://hbr.org/2019/07/price-transparency-in-health-care-is-coming-to-the-u-s-but-will-it-matter

 

 

Boomers Health Videos: “Back And Neck Pain – Precision Spine Diagnosis Guided Therapy” (UCTV)

 

UCTV Health and MedicineDiscover the latest tools used to diagnose and treat back and neck pain. Series: “UCSF Osher Center for Integrative Medicine presents Mini Medical School for the Public”

 

0:24 – Defining the Problem – Vinil Shah, MD

10:13 – A Surgeon’s Perspective – Aaron Clark, MD, PhD

32:57 – Spine Imaging and Pain Intervention – Cynthia Chin, MD

58:24 – Precision Spine Imaging: What the Future Holds – Vinil Shah, MD

1:06:50 – Audience Questions

Retirement Myths: Expenses & Taxes Will Decrease While Savings, Social Security & Work Will Be Adequate

From Seeking Alpha article:

 

  • Myth #1 – My Expenses Will Be Cut In Half!

    One of the greatest myths for future retirees is that expenses will drop when you retire. Some think their living expenses will virtually cut in half overnight.

    However, that is usually not the case. In fact, oftentimes retirees spend more in retirement (especially in the first few years) than they did during their working days. Why is that?

  • Myth #2 – Social Security Will Provide for Most of My Retirement Needs

    Many people are led to believe that they’ll manage to live just on Social Security in retirement. In most cases, however, that’s just not doable. Today, Social Security pays the average recipient only $1,461 a month in benefits. Over the course of a year, that’s $17,532. Meanwhile, the average retired household spends $46,000 a year. So there is a pretty large disconnect between the two. Property taxes alone in some blue states amount to what some receive all year in Social Security payments.

  • Myth #3 – I Can Just Keep Working

    Surveys show that many people nearing retirement would prefer to continue working to close any gaps they feel they have in their retirement funding. Or they want to continue working because they have no plans for their free time after they retire. Regardless of which reason, they want to keep working- and it does provide a dual benefit- it gives a further boost to your nest egg while at the same time reduces the number of years you’ll need to live off it.

  • Myth #4 – It’s Too Late To Start Saving

    They say the eighth wonder of the world is compound interest. And it obviously has a bigger effect the earlier you start saving, but you’re never too old to take advantage of its power to grow your money.

    Aside from compounding, the IRS gives other incentives to save for those nearing retirement. IRAs, 401Ks, and other tax-advantaged plans give investors that are 50 and older the ability to make ‘catch up’ contributions. Those Traditional and Roth IRAs can make an additional $1,000 each year per investor. 401Ks and like plans can add $6,000 as a catch-up.

  • Myth #5 – Taxes Will Be Much Less In Retirement

    As you’ve seen in previous points, where we show your need to save more, invest more, and possibly work more – you will probably not be reducing your overall income that much. So if your income isn’t going to drop, then you shouldn’t assume with any honesty that your tax bill will drop.

    The Trump tax cut reduced rates, but removed certain deductions. Even if we call it a wash, not many would bet that rates would drop further from here. The easy bet would be to wager they will only rise from here.

Seeking-Alpha-Logo

Read article by clicking here: https://seekingalpha.com/article/4273061-common-retirement-myths-debunked

Journal Of Obesity Study Finds Short Duration And High Variability Of Sleep Undermines Weight Loss

“Prospective analysis of 1986 community-dwelling subjects (mean age 65 years, 47% females) with overweight/obesity and metabolic syndrome from the PREDIMED-Plus trial was conducted…

Our findings suggest that the less variability in sleep duration or an adequate sleep duration the greater the success of the lifestyle interventions in adiposity.”

International Journal of Obesity

Click on Journal of Obesity to read article.

News, Views and Reviews for the 55+