Seniors Medicine Cabinet

An old friend of mine recently retired. Finding himself with extra time on his hands he took on the project of renovating his home. Owing to his advancing years, he decided it would be best if he spared no expense when it came to his new medicine cabinet. I think the results came out fantastic.

He also developed a foolproof chart, in conjunction with his nutrionist, Dr. Bacchus, for the treating of common senior maladies.

Daily dose
Chardonay de Paeuf
1 glass
4 glass

Bourgogne or Bordeaux> ( + sugar and cinnamon )

3 cups
Anjou blanc electricity . Vouvray
4 glass
Coronary arteries
Dry Champagne
4 glass
Beaujolais Nouveau
4 glass
Champagne sec
1 bottle
Burgundy , Santenay Rouge
Two glass
Uric acid gout
Sancerre , Pouilly Fume
4 glass
Alsace , Sancerre
4 glass
Saint Emilion
4 glass
4 glass
4 glass
Rose Provence
1 bottle
4 glass
Excessive weight loss
Chateau de Beaune
4 glass


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How the “Big White Lie” of Investing Almost Cost Me My Retirement

Originally published in the October 2011 issue of “The Palm Beach Letter

I consider myself to be an expert of sorts on retirement. Not because I’ve studied the subject, but because I’ve retired three times.

Yes, I’m a three-time failure at retiring. But I’ve learned from my mistakes. Today, I’d like to tell you about the worst mistake retirees make.

It’s a very common mistake. Yet, I’ve never heard it mentioned by retirement experts. Nor have I read a word about it in retirement books. The biggest mistake retired people make is giving up all their active income.

When I say active income, I mean the money you make through your labor or through a business you own. Passive income refers to the income you get from social security, a pension, or from a retirement account. You can increase your active income by working more. But the only way you can increase your passive income is by getting higher rates of return on your investment (ROI).

When you give up your active income, two bad things happen:

First, your connection to your active income is cut off. With every month that passes, it becomes more difficult to get it back.

Second, your ability to make smart investment decisions drops because of your dependence on passive income.

Retirement is a wonderful idea: put a portion of your income into an investment account for forty years, and then withdraw from it for the rest of your life. Once you retire, you won’t have to work anymore. Instead, you will fill your days with fun activities: traveling, golfing, going to the movies, and visiting the kids and grandkids.

It’s a great idea. But it never actually worked.

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