{"id":287,"date":"2019-12-23T14:35:49","date_gmt":"2019-12-23T14:35:49","guid":{"rendered":"http:\/\/ladintax.com\/blog\/2019\/12\/23\/the-age-of-experience-always-improving\/"},"modified":"2019-12-23T14:35:49","modified_gmt":"2019-12-23T14:35:49","slug":"the-age-of-experience-always-improving","status":"publish","type":"post","link":"http:\/\/ladintax.com\/blog\/2019\/12\/23\/the-age-of-experience-always-improving\/","title":{"rendered":"The Age of Experience: Always Improving"},"content":{"rendered":"
\n

It\u2019s not just fine wines that get better with age. We also are
\nalways improving \u2014 growing more confident over time, having met challenges and
\novercome them. Our decision-making gets easier. We develop coping mechanisms to
\nhandle stress. And we grow wiser. Our knowledge and experience accumulate as a
\nstrong foundation we continue to build upon.1<\/sup> It takes time to build
\nthat foundation of knowledge, and learning never ends.<\/p>\n

One area where a solid foundation of knowledge is essential
\nis managing our finances. Sometimes that knowledge is gained through mistakes.
\nHowever, one of the perks of growing older is realizing that you don\u2019t know
\neverything \u2014 unlike your 26-year-old self \u2014 and that it\u2019s OK to seek help.
\nThat\u2019s where we come in. If you\u2019re thinking about your retirement income strategy
\n\u2014 perhaps with an eye toward greater financial confidence in retirement \u2014 please
\ngive us a call. We\u2019re happy to review insurance options appropriate for your
\ngoals and circumstances.<\/p>\n

It\u2019s also worth considering that we can continue to work on
\nour health throughout our lifetimes, as well. Some people will encounter issues
\nthat slow them down, and there\u2019s not a lot they can do about it. But for many
\nof us, we have some control over how well we take care of our health, and we
\nshouldn\u2019t take that for granted. After all, good health \u2014 characterized by
\nregular exercise, a nutritious diet and preventive medical care2<\/sup> \u2014 can
\nhave a positive impact on our finances, by helping us save on health care costs.\n<\/p>\n

What we consider \u201colder\u201d and \u201cyounger\u201d is all relative, as
\nevidenced by men\u2019s professional tennis. While dozens of teens and 20-somethings
\ncontinue to climb the ranks each year, it is the \u201cold-timers\u201d \u2014 with their
\nmatch experience and mature presence of mind \u2014 who dominate the top spots:3<\/sup>
\nRoger Federer (age 38) at No. 3, Novak Djokovic (age 32) at No. 2 and Rafael
\nNadal (age 33) at No. 1, reign for 2019.4<\/sup><\/p>\n

If 38 seems too young to be considered an \u201cold-timer,\u201d how
\nabout 110? A recent study of the DNA of \u201csupercentenarians\u201d (people age 110 and
\nolder) found that these individuals tend to have a different variety of white
\nblood T cells that attack viruses and cancer cells. Apparently, sometimes we
\ndon\u2019t find out what our \u201csuperpower\u201d is until later in life.5<\/sup><\/p>\n

And despite the early business successes of younger startup
\nsuperstars like Mark Zuckerberg and other \u201cdot-com millionaires,\u201d the average
\nage of successful entrepreneurs in the United States is in their 40s.
\nResearchers say this is because benefits accumulate with age. By benefits, they
\nare referring to business networks (e.g., partners, potential employees, suppliers),
\nfinancial resources (e.g., personal wealth, excellent credit score, potential
\ninvestors) and experience gained over a career.6<\/sup><\/p>\n

Content prepared by Kara Stefan
\nCommunications.<\/em><\/strong><\/p>\n

1 <\/sup>Life Care Services. July 10, 2019. \u201c9 things that are
\nbetter with age.\u201d https:\/\/www.lifecareservices-seniorliving.com\/blog\/9-things-better-age\/<\/a>. Accessed Nov. 14, 2019.<\/p>\n

2 <\/sup>WebMD. April 24, 2018. \u201c9 Scientific Secrets to
\nHealthy Aging.\u201d https:\/\/www.webmd.com\/healthy-aging\/healthy-aging-secret#1<\/a>. Accessed Nov. 14, 2019.<\/p>\n

3<\/sup> Christopher Clarey. The New York Times. Sept. 9, 2019.
\n\u201cRafael Nadal Shows Why the Young Guard Will Have to Wait.\u201d https:\/\/www.nytimes.com\/2019\/09\/09\/sports\/tennis\/rafael-nadal-us-open.html<\/a>. Accessed Nov. 14, 2019.<\/p>\n

4<\/sup> ESPN. Men\u2019s Tennis ATP Rankings 2019. https:\/\/www.espn.com\/tennis\/rankings<\/a>. Accessed Nov. 22, 2019.<\/p>\n

5 <\/sup>Sam Blanchard. Daily Mail. Nov. 14, 2019. \u201cSupercentenarians
\nwho reach 110 \u2018have unique turbo-charged immune systems to fight off cancer and
\ninfections.\u2019\u201d https:\/\/www.dailymail.co.uk\/health\/article-7684521\/Scientists-discover-living-110-immune-system.html<\/a>. Accessed Nov. 14, 2019.<\/p>\n

6 <\/sup>Knowledge@Wharton. Nov. 12, 2019. \u201cWhy Older
\nEntrepreneurs Have the Edge.\u201d https:\/\/knowledge.wharton.upenn.edu\/article\/age-of-successful-entrepreneurs\/<\/a>. Accessed Nov. 14, 2019.<\/p>\n

We are an independent firm helping individuals create retirement
\nstrategies using a variety of insurance products to custom suit their needs and
\nobjectives. This material is intended to provide general information to help
\nyou understand basic retirement income strategies and should not be construed
\nas financial advice. <\/em><\/p>\n

The information contained in this material is believed to be reliable,
\nbut accuracy and completeness cannot be guaranteed; it is not intended to be
\nused as the sole basis for financial decisions. If you are unable to access any
\nof the news articles and sources through the links provided in this text,
\nplease contact us to request a copy of the desired reference.<\/em><\/p>\n

1020690B<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

It\u2019s not just fine wines that get better with age. We also are always improving \u2014 growing more confident over time, having met challenges and overcome them. Our decision-making gets easier. We develop coping mechanisms to handle stress. And we grow wiser. Our knowledge and experience accumulate as a strong foundation we continue to build…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_expiration-date-status":"","_expiration-date":0,"_expiration-date-type":"","_expiration-date-categories":[],"_expiration-date-options":[],"footnotes":""},"categories":[1],"tags":[],"_links":{"self":[{"href":"http:\/\/ladintax.com\/blog\/wp-json\/wp\/v2\/posts\/287"}],"collection":[{"href":"http:\/\/ladintax.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/ladintax.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/ladintax.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/ladintax.com\/blog\/wp-json\/wp\/v2\/comments?post=287"}],"version-history":[{"count":0,"href":"http:\/\/ladintax.com\/blog\/wp-json\/wp\/v2\/posts\/287\/revisions"}],"wp:attachment":[{"href":"http:\/\/ladintax.com\/blog\/wp-json\/wp\/v2\/media?parent=287"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/ladintax.com\/blog\/wp-json\/wp\/v2\/categories?post=287"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/ladintax.com\/blog\/wp-json\/wp\/v2\/tags?post=287"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}