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Newsletter for Boomers

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Happy Passover, Happy Easter
and Happy Spring.

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    SECTION ONE - Web Site of Interest!
    Celebrate Earth Day!
    
    
    Here's a new page brimming with Sixties
    Midis.
    
    
    How hip would you like to be?
    
    
    Compiled by Chuck Nyren.
    

    SECTION TWO: RETIREMENT MYTHS.
    Don't Myth Retirement
    
    American Express thinks you need to re-think what you've 
    always thought about retirement. And, in order to help you 
    do just that, AE has released their list of the top 
    retirement myths held by most Americans. 
    
    •Social Security and Pension are enough for a comfortable 
    retirement.
    
    Social Security and Pensions provide only 40% of 
    retirement income. The remainder must come from 
    personal savings, investments, and possibly a 
    part-time job. 
    
    •It takes a million dollars to retire comfortably.
    
    Your real needs will depend on your mix of investments, 
    savings, part-time work, and other creative initiatives 
    such as reverse mortgages to provide an income stream. 
    
    •Family inheritance is a reliable source of income.
    
    It's risky to count on inheritance because unforeseen 
    expenses (catastrophic illness, nursing home costs) 
    could erode your parents money before it can be 
    passed on to you. 
    
    •There are ways to force the government to pay my 
    medical bills.
    
    A new federal law now governs the time period in which
    people who are old and sick can "spend down" their 
    assets in order to qualify for government assistance. 
    The law imposes a fine of $25,000 for those who cheat. 
    
    •Retirees are all in a lower tax bracket.
    
    Many retirees face additional taxes on income streams
    from work, capital gains, and stock dividends. 
    
    •Retirement communities provide a lower cost of living.
    
    Do your homework on real estate values, property taxes, 
    health care costs, and sales tax. Many cities grow into 
    expensive communities. That sleepy little village where 
    you vacationed every summer may attract many more 
    retirees like yourself. That means growth. More city 
    services, more homes, more schools, more roads. 
    
    •Upon retirement my investment strategy should be 
    conservative.
    
    This could be a mistake. A 20-25 year retirement 
    life-span will require investments that provide a 
    hedge against inflation. Also, shifting your 
    investments may result in taxable capital gains. 
    
    •Nursing home costs will be covered by Medicare.
    
    The majority of care provided in nursing homes is 
    custodial, not medical care. Medicare does not pay 
    for custodial care. And, if Medicare doesn't pay, 
    then neither will most Medigap insurance policies. 
    
    •Continuing to work will provide an income stream.
    
    Sometimes, even a part-time job can place you in a 
    higher tax bracket. Your Social Security benefits 
    could be reduced depending on how much income you 
    earn, your age, and your filing status. 
    
    Take time to discover the truth about these 
    retirement myths, and your retirement income 
    should last as long as you do. 
    
    Reprinted by Permission From: AgeVenture News Service,
    Editor, Dr. David Demko, PhD
    http://www.demko.com
    

    SECTION THREE: USA TODAY LIFE SNAPSHOTS.
    
    
    Age Group of Top Executives:
    39-Under			14%
    40-49			29%
    50-59			30%
    60s Plus			27%	
    
    Source: Dun & Bradstreet
    Middle age at the top
    The pecentages of top executives (CEOs, partners, owners, presidents, 
    chairman) in these age groups
    
    
    TOP GROSSING TOUR OF 1997:
    U2   			$138.5 Millions.
    Rolling Stones		$89.4   Millions.
    Michael Jackson		$83.5   Millions.
    
    Source: Amusement Business
    
    Music appeal
    Higher ticket prices raised 1997's worldwide gross by 20% 
    over 1996 to more than $1 billion.
    
    A look at statistics that shape our lives
    
    
    Source: Tax Foundation
    
    1955	27.9%
    1997	38.2%
    Taxing trends
    Percentage of income claimed by federal,
    state and local taxes for median households
    one and two incomes.
    
     
    :How Much Of Our work day goes to pay taxes.:
    
    Conn, NY. 		 3:09	
    DC, NJ.			 3:01
    Alaska			 2:17
    Missisippi			 2:21
    Source: Tax Foundation
    
    Working for the taxman
    
    So just how much of our average eight-hour work day is spent 
    earning money that goes to pay federal, state and local taxes? 
    It may come as no surprise that nationwide, the average is 2 
    hours and 46 minutes - more than halfway to the lunch hour. 
    Where do people work longest for taxes?
    
    Connecticut and New York: 3 hours, 9 minutes
    
    And the least?
    
    Alaska: 2 hours, 17 minutes
    
    
    

    SECTION FOUR: WALK ON THE MOON

         FROM THE EARTH TO THE MOON  
    
         HBO's 12-hour Miniseries about tragedy and triumphs of Apollo 
         saga and the US space mission based on Andrew Chaikin's book 
         "A Man on the Moon".  
    
         The series is produced by Tom Hanks, Brian Grazer, Ron Howard 
         and Michael Bostick. The 12 episodes chronicle space program 
         1961 flight by Alan Sheppard to the 1972 flight to the moon 
         by Jack Schmitt and Gene Cernan.   
    
         Even if you missing the first part you can still catch the
         rest of the series.
    
         Part 1,2 8-10 pm. Sunday, April 5.
       
         Part 3-12 8-10 pm. Sunday Through May 10.  
    
    

    SECTION FIVE: BOOMERS RELATED BOOK/VIDEO REVIEWS!

    SERIOUS SIDE OF LIFE
         
         Boomers International Web Site is opening up a "SERIOUS SIDE OF LIFE"
         at Geocities.Com  
         
         Burn out, stress out and need someone to talk to. The Doctor Is In
         and Dr. Osborn will answer all your questions.     
    
         Here is one of review of her book in Publishers Marketing 
         Ass'n. List - April 1, 1998.
    
         The System Made Me  Do It!
    
         A Life Changing Approach to Office Politics
    
         Susan M. Osborn, Ph.D. - LifeThread Publications - 
         ISBN 0-9655368-0-7 - trade 174 pages
    
         This book is different in a very special way.  Yes, you'll 
         learn the typical life affirming schmoogle that will serve 
         to make each day's burden a little bit lighter.  But there 
         are lots of books that can teach you coping mechanisms for 
         home or work.  This book is unique in a sea of titles 
         clamoring for attention.
    
         You go on a journey with a narrator named Sunny.  She has 
         been there, done that, and will lead you along the path to 
         your personal fulfillment. You get frank, down to earth, 
         practical insights served up with a modicum of spirituality.
    
         A lovely book.
         
         Leann Arndt
         "Buzzy"
         Buzz Review News
         Email BzRvueNews@AOL.COM
         


         PRESS RELEASE
    
         Publication Date: 	Contact:  John Karle
         March 17, 1998	(212) 674-5151, ext. 528
         e-mail: johnkarle@stmartins.com
    
         BOOMER BABES
         A Woman's Guide to the New Middle Ages 
    
         By: Linda Stasi and Rosemary Rogers
    
         In the next few years, 20 million women of the "Sex, Drugs & 
         Rock-n-Roll" generation will be turning 50.  But they-the 
         generation that jettisoned girdles and bobby pins as a way of 
         life, are not going gentle into the land of Depends!
    
         BOOMER BABES is a both a "how to" and a "why not?" for every 
         woman who knows in their hearts that you can live without a man, 
         but you can't live without mascara.  
    
         With attitude, style, and lots of laughs, Stasi and Rogers cover 
         all the important issues for women approaching "the big five-oh," 
         including:
         · Men:  Remember, to an older man, you're always a younger woman 
         he's grateful to have.
         · Caring for aging parents: How to have in-home care without going 
         broke
         · Career: Why we should have been reading 'The Prince' instead of 
         looking for him
         · Body:  Questions that arise when considering cosmetic surgery-is 
         there such a thing as a knee job?  
    
         Their list of "Fifty Good Reasons to Turn Fifty," sums it up pretty 
         nicely, with "Been there, done that, and can do it again.  But only 
         if you want to."  
    

    Internet Video-Guide For Boomers and Beyond!

          The Seattle Times writes:
          "designed to help baby boomers and seniors get comfortable 
          with the Internet (it) achieves its mission with good 
          writing, easy to understand examples and interviews"
    
          Imagine, being able to talk long-distance without a large 
          phone bill or research genealogy from the comforts of home.  
          Seniors can learn about great vacation destinations, 
          investment opportunities and plan for their retirement.  
          Internet for Baby Boomers and Beyond gives seniors 
          the tools needed to do this and so much more.  They will 
          learn how to meet others with their same interests or 
          unearth unusual trivia to delight their friends with. 
    
          Our world is quickly moving deeper into the Information 
          Age. Computers are household necessities as well as work 
          requirements. 
    
          Satisfaction is guaranteed.
    
          If you would like more information and/or an informative 
          flyer on Internet for Baby Boomers and Beyond, please 
          give Susan Schick a call at 206.682.5417, or fax at 
          206.682.3038 and, ofcourse, E-mail enquires to:  
          StockFilms@aol.com
    

    SECTION SIX: Boomers Of the Month
         BOOMERS OF THE MONTH: Linda Stasi and Rosemary Rogers
    
    

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|| MARCH 1998 ISSUE Woman's History Month! || MAY 1998 - Coming Soon