Retirement
Supplement to Jewish News March 6, 2017
ATTENTION FEP/BCBS MEMBERS!!
Retirement Published 22 times a year by United Jewish Federation of Tidewater.
Dear Readers,
T
he two most universal pieces of advice for anyone contemplating
retirement at any time in their lifetime are: • Plan for it. • Do it! Planning for retirement needs to take
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for. And, they should be, because, as he chance of living to be 100 years old. That could translate to a lot of retirement! Having a super-sized retirement fund doesn’t matter, though, if you aren’t in
Terri Denison, Editor Germaine Clair, Art Director Hal Sacks, Book Review Editor Sandy Goldberg, Account Executive Mark Hecht, Account Executive Marilyn Cerase, Subscription Manager Reba Karp, Editor Emeritus Sherri Wisoff, Proofreader Jay Klebanoff, President Alvin Wall, Treasurer Stephanie Calliott, Secretary Harry Graber, Executive Vice-President www.jewishVA.org The appearance of advertising in the Jewish News does not constitute a kashrut, political, product or service endorsement. The articles and letters appearing herein are not necessarily the opinion of this newspaper.
good health to live to enjoy it. Rick Mercadante, a Certified Health Coach
© 2017 Jewish News. All rights reserved.
and Certified Strength and Conditioning Specialist, shares his journey to a
Serving Tidewater for
won’t be risks if these areas are prepared
Reba and Sam Sandler Family Campus of the Tidewater Jewish Community 5000 Corporate Woods Drive, Suite 200 Virginia Beach, Virginia 23462-4370 voice 757.965.6100 • fax 757.965.6102 email news@ujft.org
healthy lifestyle and how he works with
29 years
65-year-olds to achieve the same. His is a
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multi-faceted approach.
Locally owned and operated
Some people don’t need to plan how they will fill their days without working—they’ve had ideas for years of what THE PILOT
to do with those extra hours. But those
READERS’ CHOICE AWARDS
who have been so focused on work and OF 2016
GOLD
the business of getting through each day
THE PILOT
might be wise to consider early just
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Goldin, Dorothy Zimmerman, and Marty
Issue Date March 20 April 3 April 17
Topic
Deadline
Camp
March 3
Passover
March 17
Home
March 31
May 1
Women
April 14
their retirement. All three in a word: Busy!
May 15
Healthcare
April 28
Of course, there is one final piece of
VIRGINIA BEACH
advice on retirement: Enjoy it! Terri Denison, Editor
20 | Jewish News | Retirement | March 6, 2017 | jewishnewsva.org
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What Does Your Will Say About You? As a “pink lady” Ruth Goodman accumulated more hours than any other volunteer at the Norfolk hospital where she greeted visitors. Before she died in 1995,Ruth arranged for a Hampton Roads Community Foundation bequest to forever give good health to the community she and her husband Victor loved. This year 15 students are studying to become physicians, physical therapists, nurses and other medical professionals thanks to scholarships generated by Ruth’s generosity. Many more Goodman Scholars will follow every year. Write your prescription for a better future by ordering a free bequest guide. Learn how easy it is to leave a gift for charity.
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Retirement
Survey: Two-thirds of seniors have been scammed online NEWPORT NEWS, Va.—Financial and online fraud against aging adults are now considered the “crimes of the century” by the National Council on Aging. Scammers often target seniors because of perceived accumulated wealth, and feel that seniors are less likely to report crimes due to fear of embarrassment. In fact, a new survey by Home Instead, Inc., franchisor of the Home Instead Senior Care® network of businesses that provide in-home care services, found that two-thirds of U.S. seniors have been the victim or target of at least one common online scam or hack. In addition, more than a third report that someone has tried to scam them online, and 28 percent of surveyed seniors have mistakenly downloaded a computer virus. Michael Kaiser, executive director of the National Cyber Security Alliance, explains that encouraging seniors to protect themselves online can go a long way in protecting sensitive identity and financial information. “Cybersecurity is about risk reduction. It’s difficult to achieve perfect security. But you can help older adults work to make themselves a more difficult target,” Kaiser says. To help seniors understand their risks online and take steps to protect themselves, the Home Instead Senior Care network collaborated with the National Cyber Security Alliance to launch a new public education program, Protect Seniors Online, available at www. ProtectSeniorsOnline.com. The new program offers free resources and tips to help understand how scammers operate, to get familiar with the most common scams, and provides proactive steps to take to protect sensitive information. The resources include the online “Can You Spot an Online Scam?” quiz to test cyber security knowledge. “For seniors, this is a time in their lives when they should be able to trust that their life’s earnings are protected,” says Hollie Bradley, owner of the Home Instead
22 | Jewish News | Retirement | March 6, 2017 | jewishnewsva.org
Senior Care office serving the Peninsula and Williamsburg area. “Unfortunately, we know there are people who violate this trust. That’s why we are committed to helping people understand the ways they are at risk online and how to protect their information to reduce their chances of being scammed.” Research shows that more and more seniors are online. According to Home Instead’s survey, 97 percent of aging adults use the internet at least once a week. They most commonly use the internet for email, with 94 percent doing so weekly. Seniors also use the internet to manage finances, with 41 percent banking online and more than a quarter paying bills online. They are also active on social media, with 51 percent using Facebook or Twitter at least once a week. All that time online—coupled with what scammers view as perceived financial security and a trusting nature—can make retirees a primary target for scammers. Consider these following precautions, compiled from the National Cyber Security Alliance, Stop Think and Connect and the Home Instead Senior Care network, to be protected online: 1. Create passwords and make them strong. Lock all internet-enabled devices, including computers, tablets, and smartphones, with secure passwords—at least 12 characters long and a mix of letters, numbers and symbols. 2. Secure access to accounts, with two-step verification. Many online services, including apps and websites, offer free options to help protect personal information. Learn more at LockDownYourLogin.com. 3. Think before you act. Emails or messages that create a sense of urgency—like a problem with a bank account or taxes— are likely a scam. Reach out to companies by phone to determine if emails are legitimate.
4. When in doubt, throw it out. If an email looks unusual, delete it. Clicking on links in email is often how scammers access personal information. Turn on spam filters to filter suspicious messages. 5. Share with care. Be aware of what you share publicly on social media and adjust privacy settings to limit who can see your information. 6. Use security software, including updated anti-virus and anti-spyware software. 7. Adjust browser safety settings for optimum security. 8. Use your computer’s default firewall security protection on your computer. 9. Log out. Log out of apps and websites when you’re finished using them. Leaving them open on your computer or smartphone could make you vulnerable to security and privacy risks. 10. Consider support. Seniors who live alone or spend a lot of time by themselves may want to consider a trusted source, such as adult family members, computer-savvy grandchildren, or professional caregivers, to serve as a second set of eyes and ears when conducting activities online. “Our hope is that by highlighting the ways scammers can gather sensitive information, and by providing cybersecurity strategies, we can help ensure retirees’ personal information, financial security, and independence stay protected,” says Bradley. Test your cybersecurity skills at “Can You Spot an Online Scam?” and view other program resources and tips at ProtectSeniorsOnline.com.
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Retirement
A healthy lifestyle for all ages Sherri Wisoff
R
ick Mercadante, CSCS, CHC had a wakeup call when he was 48 years old. Overweight, suffering from hypertension, he had become one of the millions of Americans deteriorating from lifestyle related disease. Fearing for his life, Mercadante began a journey of self-discovery, which led to a renewal of his health and defined a new career path. “At that time, everything was trial and error; I had no one to help me. Now that I have achieved a healthy lifestyle, I enjoy sharing the lessons I have learned with my clients,” says Mercadante. A Certified Health Coach and Certified Strength and Conditioning Specialist, Mercadante, now 55, works one-on-one with his clients to help them achieve their
health and fitness goals. His approach to working with older clients, such as retirees, has its own set of challenges, he says. “As a health coach, exercise is the last thing I look at—diet and nutrition is first, and then the mind-body-stress balance is very important. I do not believe in a cookie cutter approach to health. I feel it is important to look at the whole individual, to learn about their lifestyle, and then come up with a plan.” Mercandante explains that most of the health issues in his older clients relate to life style. “They carry more baggage,” he says. “Take food, for example, which is often used to self-medicate to relieve pain or stress. Over time, the very thing that offers comfort can create difficult heath issues with lifestyle related diseases such as obesity, hypertension, and diabetes.”
Helping his clients identify the engrained patterns of behavior that have led to the erosion of their health is the key, he says. “Many personal trainers do not focus on the behavior modification part to help find a healthier way of life. They focus on exercise, especially the younger trainers. This can lead to serious injury for the older client. Older clients are not just older, younger people!” Older clients need a special approach. He sees the management of recovery time as critical in protecting these clients from injury. “I am 55 and I have worked with younger trainers. What many of them do not grasp is that a 65-year-old does not recover from a workout at the same rate as a 25-year-old. The exercise must be in balance with the recovery, which is the rest component. Younger clients can just push through; older clients need more time to recover. They also need to be accessed for old injuries that may be impacting their health,” says Mercadante. Using an assessment process called Functional M o v e m e n t Screening (FMS), Mercandante studies the overall range of movement of his new clients. He explains, “This is where the mind, body and exercise come together. Sometimes we think we are moving correctly, but actually, we are compensating for old injures. Overtime, these incorrect movement patterns create stress and chronic injury in one or more of our joints. I try to help
“Eat
Rick Mercadante
my clients correct these movement patterns.” Mercandante sees “getting healthy” as a mind-body experience that should be differentiated from “getting fit” which covers only the physical body. He recommends compassion for the self, when confronted with the challenges of exercise. “Do not get caught up in having to exercise—all movement is good for you. The last thing you want to do is to start reaching for food because you are mad at yourself for not exercising,” he says. “Eat food as close to its natural source as possible and take time to unwind! People do not truly acknowledge the negative effect stress has on the body.”
food as close to
its natural source as
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possible and take time to unwind! People do
not truly acknowledge the negative effect stress has on the body.”
Retirement
R etir e d!
DISCOVER THE MANY SIDES OF SPRING
Farideh Goldin A native of Shiraz, Iran, Farideh landed in Tidewater in 1975 She is the author of two memoirs, Wedding Song: Memoirs of an Iranian Jewish Woman, about her childhood in Iran, and Leaving Iran: Between Migration and Exile, about her family’s departure from the country, her relationship with her father, and her adjustment to life in the United States. Not one to sit still, Farideh lectures for presentations and workshops on a variety of subjects and is now a frequent traveler on the highways between Norfolk and Washington, DC.
Farideh Goldin
Profession/Job retired from: Director of Old Dominion University’s Institute for Jewish Studies and Interfaith Understanding and senior lecturer in English. Retired: December 2016 after serving as director for nearly six years and teaching for 15 years at Old Dominion University and at Tidewater Community College. Previous work: Taught English as a second language in Iran when in college; was a salesperson in New Orleans, selling Argentinian leather purses, shoes, gifts at LeSac; selling designer dishes, flatware, gifts and furniture at Century 21; and sold jewelry at Adler’s. Work continues: In my husband, Dr. Norman Goldin’s office, doing account payables. Favorite aspect of retirement: I can spend more time with my daughters and grandchildren without feeling overwhelmed. Now spending time: I have always wanted to study journalism. I am enrolled at Georgetown University School of Continuing Education, getting my master’s degree in journalism. Being a student in the digital age has been quite challenging and fun. Future goals: I hope to be able to find a job freelancing. I have loved my video classes. I am learning how to tell a story through images. I find it to be quite fascinating. I am working hard to learn it as if it is a foreign language. Most my classmates are in their 20s. My teachers are sometimes younger than my daughters. It is at times scary, but I love it. Advice for people contemplating retirement: Retirement is the time to do what you have always wanted to do, but couldn’t find time or didn’t have the opportunity to do.
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R etir e d! Dorothy Zimmerman Originally from Boston, Dorothy Zimmerman moved to Tidewater in 1982 for a job with a psychiatric hospital. She
If you are an ambitious, high-energy, self-starter with good people skills, this might be the job for you!
immediately immersed herself in the community—often seen at Chrysler Hall and wherever else art and theater were taking place—and became active in her
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temple and at the JCC, taking classes, schmoozing and exercising. A bundle of energy with an enormous smile
Dorothy Zimmerman.
and laugh, Dorothy appears to have embraced retirement as easily and enthusiastically as she embraces her family and friends.
Some things in life really can be as simple as they used to be. As the world around us becomes more complex, Wall, Einhorn & Chernitzer, P.C. can give you peace of mind.
Profession/Job retired from: Administrator of private psychiatric hospital.
Retired: 1987.
Also worked at: University of Massachusetts Medical School.
Favorite aspect of retirement: Meeting and interacting with new friends and volunteering.
Our team believes that personal relationships make a difference. Offering a full range of tax, accounting, financial planning, and business advisory services, we take the time to understand and address our clients’ unique and individual needs.
Now spends time: with friends, playing Mah Jongg, attending meetings, reading, and going to the many cultural offerings in Tidewater.
Speaking of meetings and volunteering and interacting with friends, which organizations get the most of her time: Congregation Beth El and United Jewish Federation of Tidewater.
Dorothy’s advice on retirement: “Do It!” 150 West Main Street | Norfolk, VA 23510 l 757.625.4700 l www.wec-cpa.com
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Retirement
R etir e d!
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Religious School, he became the eighth grade teacher, focusing on the Holocaust. He also began volunteering for United Jewish Federation of Tidewater’s Holocaust Commission. Profession/Job retired from: PayDay Payroll
Advance funeral planning Martin B. Mandelberg
Services as CFO. Retired: December 2016. Previous work: Before moving to Tidewater, served as Union for Reform Judaism’s
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web site for a three-step Pre-Arrangement Favorite aspect of retirement: I now have more freedom to travel, especially to
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ment Center directly at 757 422-4000
Also, I like not having to set an alarm clock. Now spending time: I have a million projects I want to do, but the main one is genealogical research on both of our families. It takes a lot of work, and now I have
RiveRSide ChApel 7415 River Road Newport News 757 245-1525
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more time to devote to the research. For example, I am looking into all four of my grandparents’ families…they came from many places. I’m curious to see how far back I can go. I continue to teach Religious School at Ohef Sholom Temple. In fact, this is my 26th year of teaching. For the Holocaust Commission, I still take the What We Carry program to schools and military events. And, of course, I’m involved with Ohef Sholom Temple’s Men’s Club. Advice for people contemplating retirement: You need to start planning early, because you need to plan if you want to maintain the standard of living you’re accustomed to. But mainly, just do it! You won’t regret it!
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Let Us Help You Address The Top Five Retirement Risks: 1. Timing & Withdrawals 2. Market Volatility 3. Longevity 4. Taxes & Inflation 5. Health Care Costs Jonathan Muhlendorf, CFP® President
One Columbus Center, Suite 800 Virginia Beach, VA 23462 Phone: 757-777-3121 jon@envisionwm.com
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www.envisionwm.com It is not our position to offer legal or tax advice. Jonathan Muhlendorf is a registered representative of Lincoln Financial Advisors Corp. Securities and investment advisory services offered through Lincoln Financial Advisors Corp.,a broker dealer (member SIPC) and registered investment advisor. Insurance offered through Lincoln affiliates and other fine companies. Envision Wealth Management is not an affiliate of Lincoln Financial Advisors. CRN-1713974-021717
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Retirement
Navigating the Top Five Retirement Risks Jonathan Muhlendorf, CFP® President, Envision Wealth Management
T
o boost the chances that your savings will let you live comfortably in retirement, there are five primary areas of risk that you need to address: •T iming and Withdrawals: The amount you withdraw from your retirement portfolio and when you do so are two of the main determinants of how long the portfolio will last. You want to minimize drawing on your capital in a weak market since you’ll have less capital for the rebound. Your annual withdrawal rate should be smaller than your average annual return less inflation. •M arket Volatility: Position your portfolio to withstand inevitable swings in the market, and the way to do this is through diversification and asset allocation. You need diversification to perform a balancing act of having enough growth-oriented investments toward helping achieve acceptable long-term returns and bonds and other fixed income securities to provide steady income.
Price Index (CPI)—the cost of a basket of goods and services determined by the Bureau of Labor Statistics—has more than doubled. If inflation accelerates to 6%, prices would double in about 12 years. •H ealth Care Costs: The CPI is often not the most accurate measure of your personal inflation rate, since you may spend disproportionately on health care as you age. These costs have traditionally run at double or triple the overall rate of inflation and are not under control. In addition, consider long-term care insurance as a way to help pay for some of the potential nursing home costs as you get older. Asset allocation won’t guarantee a profit or ensure against a loss, but may help reduce risk and volatility in your portfolio. Diversification cannot eliminate the risk of investment. This material is for use with the general public and is designed for informational or educational purposes only. It is not intended as investment advice and is not a recommendation for your retirement savings. CRN-1713971-021717 Jonathan Muhlendorf is a registered representa-
• Longevity: A woman born after 1973 has over a 20% chance of living to age 100. That means that if you retire at 65, you may need to plan for 35 years or more in retirement.
tive and investment advisor representative of Lincoln Financial Advisors Corp., a broker/dealer (member SIPC) and registered investment advisor, This information should not be construed as legal or tax advice. You may want to consult a tax advisor regarding this information as it relates to your personal circumstances. The content of this material was provided
•T axes and Inflation: Over the past 25 years, during which inflation has been fairly tame, the Consumer
to you by Lincoln Financial Advisors Corp. for its representatives and their clients.
Retirement
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Leaving a legacy during retirement Amy Weinstein
W
hen thinking about leaving a legacy gift to the Tidewater Jewish community, one might believe that most planned gifts are made by people of great wealth. The Life & Legacy program can help demystify this myth – anyone at any wealth level can leave an agency or synagogue a legacy gift, and make a difference for generations to come. One way, for example, to assure Jewish tomorrows is through an IRA or Retirement Plan Designation. This planned giving vehicle offers several options for making a charitable legacy gift. In order to leave a legacy gift to charity, a donor can simply name the Tidewater Jewish Foundation (and/or affiliate agency) as a beneficiary of the
How will YOU assure Jewish tomorrows?
retirement account to their Required Minimum be distributed after the Distribution (RMD) donor’s lifetime. This during any given year, permits the donor to conmay donate these funds tinue to take withdrawals as a tax-free rollover year-olds may from the IRA during life, gift. Making an IRA rolldonate funds and subsequently donate over gift enables legacy as a tax-free the remaining value of donors to avoid increasrollover gift. the IRA to the Tidewater ing taxable income or Jewish community. This paying additional tax, change is often easy, the and makes it possible cost is free, and only to build a legacy during requires a Change of their lifetime. Beneficiary form to be completed with the financial institution To learn more about making a legacy gift, the managing the IRA. Life & Legacy program, or IRA charitable An alternative option is to make gifts gifts, contact Scott Kaplan, president and from IRAs during the owner’s lifetime, CEO of the Tidewater Jewish Foundation at through rollover gifts. Donors who are 70 skaplan@ujft.org or 965-6109. ½ or older and do not need all or part of
70½
us on the web jewishnewsva.org
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DID YOU KNOW… You Can ROLLOVER Your IRA for GOOD! If you are 70 ½ or older and don’t need all or part of your Required Minimum Distribution (RMD) from your IRA, you can make a gift (up to $100,000) this year to impact our Jewish community forever! By making an IRA Rollover gift, you can: • Avoid paying income tax by making a gift • Support Jewish organizations of your choice • Build Your Legacy during your life To learn more about making an IRA Charitable Rollover, call Amy Weinstein at 757-965-6105
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