Most of the news I read about long term care insurance is bad. Insurers as a group did not properly analyze their risk. Consequently, they are imposing huge premium increases on policy holders and/or exiting the business altogether.
Archives for March 2013
The 2013 Retirement Confidence Survey has been released by the Employee Benefit Research Institute. The findings expose severe problems among retirement savers.
One key item on my personal transformation agenda over the past 14 months has been mindfulness meditation. I developed my personal meditation practice somewhat by accident. In February 2012 I met a psychotherapist who also happened to be a serious Zen practitioner. That encounter caused to me to begin reading about Zen Buddhism which, as you may know, places meditation at the center of its practice.
Over the past year I have made a deliberate effort to increase and expand my cultural activities. I have read (or listened to) 25 books, all non-fiction, most of which came from the library. I have taken an online course (free from Yale) in the Philosophy of Death. I have seen more movies in the past 12 months than I saw in the previous ten years combined. More recently, I have been listening to more music and in the process decided to expand my music horizons and collection.
A recent study by a global asset management firm analyzed the “retirement security” for citizens of 150 different countries. The results were not good for us – the U.S. ranked 19th, right above the UK. Ten western European countries were ranked ahead of us, with Norway in the top spot. On one hand we should not be surprised. On the other hand, is this the outcome we want?
The retirement planning experts are relentless in their gloom and doom predictions for baby boomer retirements. Sadly, the data appear to back up these pessimistic predictions. Can anything be done?
I continue to progress on my weight loss plan. I lost another 9 pounds in February. (I hope these reports are more motivating than they are boring!)