“I have very strong feelings about how you lead your life. You always look ahead, you never look back.”    

 – Ann Richards

Avoid letting your mind replay your mistakes

When you hit a bad shot, accept your error and move on. Mentally reexperience the good and great shots you hit instead. Think of the next shot as the next great one; visualize the result you want.

Family Matters.
What relation would your father’s sister’s sister-in-law be to you?* 

A literary gamble paid off

Among other works, Fyodor Dostoevsky is known for his novella The Gambler. Dostoevsky wrote that work in only 26 days, out of desperation. He was heavily in debt from playing roulette and hoped it would sell enough copies, so that he could have sufficient money to pay his creditors. 4


What Will $50,000 Be Worth in 25 Years?

If you are on the verge of retiring, this question is well worth asking. You cannot know what the exact answer will be; you can, however, anticipate that it will be worth less. Inflation will exact a slow, but significant, toll on your retirement savings. Historically, consumer prices have risen about 2-3% per year. Your retirement fund should be growing at least that much annually; if not, your income and savings could effectively remain at current levels, while the goods and services you rely on grow more expensive. This implies a compromise to your lifestyle.

The lesson here is that you may be taking a risk if you turn away from equity investments – the risk of losing purchasing power. While the market’s ups and downs can be pronounced, the growth potential of stocks and other equity investments remains strong through market cycles. You also need to account for inflation as you save for retirement – you may need to save more than you think to help counteract inflation’s effect. If inflation hypothetically stays at just 2% a year for the next 25 years, today’s $50,000 in cash will buy the equivalent of $30,476 worth of goods and services in 2043. 1          


When Gadgets Get on Your Nerves

In some retiree households, technology can cause friction. Maybe one spouse or partner is tech-savvy, while the other is not. Maybe one spouse or partner overshares on social media, to the other’s dismay. Or, one or both parties use their phones, tablets, or computers as distractions from relationship issues. According to a new Oxford University study, couples that frequently used five or more electronic communication channels reported 14% less satisfaction in their relationships than couples less reliant on them.

If too much tech is making your retired life harder instead of easier, think about these steps. Set aside some unplugged time – no screens at dinner, for example. Talk to your spouse or partner in person rather than via text. Affirm your spouse or partner in what you post, instead of merely including him or her. A lack of face-to-face engagement can make someone feel lonely and detached, but a good and open conversation can bring couples closer. 2      


Recent research from Oregon State University concluded that healthy seniors who retired near age 66 (that is, at or near Social Security’s Full Retirement Age) had mortality rates 11% lower than seniors who retired earlier. 3

Jeremy Ftacek may be reached at
(815)-577-9125 or Jeremy.Ftacek@FtacekFinancial.com

Registered Representative, Securities offered through Cambridge Investment Research, Inc., a Broker/Dealer, Member FINRA/SIPC. Investment Advisor Representative, Cambridge Investment Research Advisors, Inc., a Registered Investment Advisor. Cambridge and Ftacek Financial Services, LLC are not affiliated. The information in this email is confidential and is intended solely for the addressee. If you are not the intended addressee and have received this email in error, please reply to the sender to inform them of this fact. We cannot accept trade orders through email. Important letters, email, or fax messages should be confirmed by calling (815)577-9125 This email service may not be monitored every day, or after normal business hours. This material distributed via the MarketingPro system.

This material was prepared by MarketingPro, Inc., and does not necessarily represent the views of the presenting party, nor their affiliates. This information has been derived from sources believed to be accurate. The publisher is not engaged in rendering legal, accounting or other professional services. If assistance is needed, the reader is advised to engage the services of a competent professional. This information should not be construed as investment, tax or legal advice and may not be relied on for the purpose of avoiding any Federal tax penalty.

* BRAIN TEASER ANSWER: Stumped? Contact me for the answer! (815)-577-9125

1 – fool.com/retirement/2018/03/11/3-mistakes-that-could-derail-your-retirement.aspx [3/11/18]
2 – forbes.com/sites/nextavenue/2018/03/08/how-tech-can-make-retirement-harder-for-couples/ [3/8/18]
3 – nextavenue.org/healthier-not-retire/ [2/15/18]
4 – pocketpenguins.com/the-gambler-and-a-nasty-business [3/12/18]