Is the US Thinking about raising their retirement age?

>> Wednesday, June 23, 2010

Americans are living and working longer, and Alice Rivlin, a member of President Obama’s National Commission on Fiscal Responsibility and Reform, told CNBC it is time the Social Security retirement age reflects this fact of life.


“(The) commitments to older people are driving federal spending up faster than the economy is growing and faster than taxes are growing,” said Rivlin, a former vice chair of the Federal Reserve Board (1996-1999) and director of the White House Office of Management and Budget (1994-1996). Rivlin, also, said raising the Social Security retirement age and changing the way benefits are calculated would help put the agency on a sound footing. “I think it would send a message to our creditors around the world that we’re serious about making long-term change,” she said.

Rivlin also recommended revamping income taxes, which she called “complicated” and “unfair.”
“We could make the tax much simpler, get rid of a lot of exclusions and reductions that are special favors to people and keep rates where they are or lower them and raise more revenue,” she explained.

It's really not that far fetched if you think about it.  Many nations across the globe have already taken the steps to battle the baby boom phenomenon that will take a rising toll on countries as the few begin to start taking care of the many.  The French just raised their retirement age from 60 to 62 this year:http://news.bbc.co.uk/2/hi/business/10326002.stm.as well as Taiwan.

The United States Social Security site states the previous increase to 67 years of age for people born after 1938: http://ssa.gov/pubs/ageincrease.htm but for now, The National Commission on Fiscal Responsibility and Reform has been tasked with proposing recommendations designed to balance the budget by 2015 and helping put the country on a path to fiscal sustainability over the long run. Its recommendations will not be forced upon Congress, but Rivlin expects the commission’s recommendations will come up in Congress for a vote.


Rodney Gilbert, CLTC, is a Registered Financial Representative and CEO of United Life Financial LLC and lifehealthplans.com. Rodney has been assisting his clients achieve their financial objectives since 2007. He holds Series 6 and Series 63 licenses and the Certification in Long Term Care (CLTC) Designation.

Rodney is also an avid speaker to those who want to learn more about tax planning with IRAs. For additional information, visit unitedlifefinancial.net and lifehealthplans.com for life and health insurance quotes. Remember, this blog is for information only and is not an offer to sell or invest in securities. Please refer to all appropriate prospectuses prior to any investment. Investments can, and do, lose money.

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Saving Grace Canceled due to lack of funds?

>> Tuesday, June 22, 2010

The news of Saving Grace canceled has hit the series fans quite hard. I never watched the show, but my mother would get off of the phone when the show was on.  As the show producers have announced that their will be no Holly Hunter as well as the fourth season of the famous show, everybody is buzzing around about the Saving Grace canceled news and possibly not really taking into consideration how financially strapped advertisers and eventually studios are due to the turn down.

Well, shows usually get canceled due to either financial reasons or low ratings so which one do you think prevailed here?  Well, by no means can we say that the Saving Grace canceled news is anything about the ratings of the show actually going down, because even non-followers understand the impact it had on our friends and family. So then there is just one thing that the producers actually mean about by the Saving Grace cancelled announcement and that is the non availability of funds to produce further seasons of the show or the revenue is not that high from the show.

Well, it looks like the financial constraints are the ones that are actually making the cancellation of the show possible.  If you don't think the economic slowdown is having any effect on your life, please pay attention to what's going on around us.  I have friends in government positions that felt there was no way that their lives could be affected.  Some of them are unemployed teachers right now.

All in all, our saving grace if our jobs were canceled would be our savings and investments.  Let's use this present trend to take stock of our assets and make sure they are being utilized to our best benefit through financial reviews.  You don't have to hire someone unless you don't know what you are doing.  It took me three weeks to fix a broken pipe underneath my sink once........until I explained my situation to a friend one day and he came and fixed it within an hour.  Well, I'm no plumber, but at least when I have questions I know who to call.  Do you?

Love you Ma. ..............Talk to you soon!

Rodney Gilbert, CLTC, is a Registered Financial Representative and CEO of United Life Financial LLC and lifehealthplans.com. Rodney has been assisting his clients achieve their financial objectives since 2007. He holds Series 6 and Series 63 licenses and the Certification in Long Term Care (CLTC) Designation.

Rodney is also an avid speaker to those who want to learn more about tax planning with IRAs. For additional information, visit unitedlifefinancial.net and lifehealthplans.com for life and health insurance quotes.

Remember, this blog is for information only and is not an offer to sell or invest in securities. Please refer to all appropriate prospectuses prior to any investment. Investments can, and do, lose money.

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Can Prayer Improve our Health?

>> Monday, June 21, 2010

They say communicating with God can improve one's physical health.  Australian researchers have suggested this in a report showing that religious or spiritual prayer can boost emotional and physical well being.


"As a devout Catholic, I experience the power of prayer every day," says David Beato, author of the new book The Power of Prayer, Endurance and Truth. "It helps me to conduct my personal and business lives in a less stressful and more positive way."

Mr. Beato's book describes how religion has shaped his life from his difficult childhood in Italy during World War II to his struggle to make it as a successful businessman in America. Along the way Mr. Beato faced many monumental tests of faith, including the death of his beloved son, professional setbacks and deceptive family members who tried to ruin him.

The Australian scientists believe that the psychological benefits of praying include a reduction of stress and the promotion of a more positive and stronger outlook on life. A number of medical studies show that prayer can help to:
• Lower blood pressure.
• Reduce anxiety and improve sleep.
• Decrease depression.
• Reduce cholesterol and atherosclerosis, which leads to heart attacks and strokes.
• Promote faster recovery from surgeries.

"I believe the power of prayer will never go out of style," says Mr. Beato. "In fact, for better emotional and physical health, people should definitely consider incorporating prayer into their everyday lives."

The Power of Prayer, Endurance and Truth by David Beato is available on Amazon.com and BarnesandNoble.com.

What do you think?

Rodney Gilbert, CLTC, is a Registered Financial Representative and CEO of United Life Financial LLC and lifehealthplans.com. Rodney has been assisting his clients achieve their financial objectives since 2007. He holds Series 6 and Series 63 licenses and the Certification in Long Term Care (CLTC) Designation. Rodney is also an avid speaker to those who want to learn more about tax planning with IRAs.

For additional information, visit http://www.unitedlifefinancial.net/ and lifehealthplans.com for life and health insurance quotes.

Remember, this blog is for information only and is not an offer to sell or invest in securities. Please refer to all appropriate prospectuses prior to any investment. Investments can, and do, lose money.

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John Wooden Dead at 99

>> Saturday, June 5, 2010

I am kind of reeling from this news. On a day when I had absolutely nothing to say, I am prompted to share some excerpts from other more famous people speaking on his passing.

Taken from http://www.newsvine.com/_news/2010/06/04/4465563-reaction-to-john-woodens-death?category=sports

"It's kind of hard to talk about Coach Wooden simply, because he was a complex man. But he taught in a very simple way. He just used sports as a means to teach us how to apply ourselves to any situation.

"He set quite an example. He was more like a parent than a coach. He really was a very selfless and giving human being, but he was a disciplinarian. We learned all about those aspects of life that most kids want to skip over. He wouldn't let us do that." — Kareem Abdul-Jabbar.

"Coach Wooden was more than a Hall of Fame basketball player and coach; he was an incredible man whose dedication and leadership on the court inspired generations of Californians. He meant so much to Los Angeles, California and the entire basketball community around the world. Maria and I extend our thoughts and prayers to his loved ones as they remember the extraordinary life of this coaching legend." — Calif. Gov. Arnold Schwarzenegger.

"He was always the boss. He always knew what to say. Even in the heyday of winning and losing, you could almost discuss anything with him. He always had that composure and wit about him. He could connect with all kind of people and situations and always be in control of himself and seemingly of the situation." — former UCLA star Jamaal Wilkes.

"Today, we've lost a giant in all of sport with the passing of Coach Wooden. Quite likely, his accomplishments as a college basketball coach will never be matched. Neither will the impact he had on his players or the greater basketball community. Many have called Coach Wooden the 'gold standard' of coaches. I believe he was the 'gold standard' of people and carried himself with uncommon grace, dignity and humility. Coach Wooden's name is synonymous with excellence, and deservedly so. He was one of the great leaders - in any profession - of his generation. We are blessed that the sport of basketball benefitted from his talents for so long. Coach Wooden and his wisdom will be sorely missed." — Duke coach Mike Krzyzewski.

"My reaction is sadness yet at this point we have to celebrate maybe the most important guy in the history of the game. There has been no greater influence on college basketball not just about the game but the team. He's greatest coach in college basketball if not all basketball from the standpoint of all of us trying to emulate what he's done. He gave so much to basketball and education. In my opinion if he's not as important as Dr. Naismith, he's right next to him." — Connecticut coach Jim Calhoun.

"He seemed to touch the inner soul of people when he was around them. He seemed to do it with so much grace and good will. When he was exalted to the highest, he still remained the man who grew up in rural Indiana and had that Midwestern friendliness, openness, that willingness to see the good in people.

"Everybody knew John Wooden, and everybody knew him in a loving manner. I don't know anybody who ever had anything ill to say about the man, and that's remarkable considering how many people he came into contact with. We lost a great man." — Bobby Plump, the former Butler star and "Hoosiers" inspiration.

"I have met Coach Wooden, about four years ago at the Final Four when it was here and it was a tremendous honor. He gave me one of his pyramid of success cards that I still have today and got a picture with him, and it was a tremendous honor." — Indianapolis Colts quarterback Peyton Manning.

"When I think of a basketball coach the only one I ever thought of was Coach Wooden. He had a great life and helped so many coaches until well in his 90s. Every time I talked to him he would give me some words of advice. He's the best of all time. There will never be another like him and you can't say that about too many people. It's a sad day but he had such an unbelievable run. I can't tell you what he's done for game of basketball and it's not just the wins. It's the attitude and the way he carried himself. I just can't say enough about him." — Syracuse coach Jim Boeheim.

"I always sat and chatted with him before our games at UCLA and about five years ago he asked, `Can I come out and watch one of your practices?' ... We had a jet pick him up at Van Nuys Airport, just a few minutes from where he lived, and bring him (to Tucson). We had lunch and I asked if he could say a few words to the team. He said yes and spoke for 20 or 30 minutes. He never said a word about basketball, just talked about his philosophy of life and being the best that you could be.

"He has been anxious to be reunited with Nell for a lot of years, so this is not a sad experience for him I don't believe. I don't think there is anyone who had influenced the number of people in his life than he had." — former Arizona coach Lute Olson.

"This loss will be felt by individuals from all parts of society. He was not only the greatest coach in the history of any sport but he was an exceptional individual that transcended the sporting world. His enduring legacy as a role model is one we should all strive to emulate." — UCLA athletic director Dan Guerrero.

"This is a sad day at UCLA. Coach Wooden's legacy transcends athletics; what he did was produce leaders. But his influence has reached far beyond our campus and even our community. Through his work and his life, he imparted his phenomenal understanding of leadership and his unwavering sense of integrity to so many people. His 'Pyramid of Success' hangs in my office to remind me every day of what it takes to be an effective leader. He was truly a legend in his own time, and he will be a legend for generations to come." — UCLA chancellor Gene Block.

"All of us at Purdue, past and present, are immensely saddened by the death of John Wooden, and we send our deepest regrets to his loved ones and friends. Coach Wooden has been a member of the Purdue family since he studied and played here 80 years ago. He lived a life of true leadership, steady and amazing excellence, and unfailing kindness to others. There was no one like Coach Wooden. He leaves a lasting imprint." — Purdue president France A. Cordova.

"You need not be a sports fan to mourn the passing of John Wooden. Coach Wooden took the self-sacrifice and teamwork required to be successful in basketball and modeled them into a paradigm for life. Through basketball, he taught generations of players and fans the values of love, friendship, responsibility and humility. `Make friendship a true art' and `Give thanks for your blessings and ask for guidance every day' were among his favorite maxims. I give thanks to God for the life and wisdom of John Wooden. May his soul, and all the souls of the faithful departed, rest in peace." — Cardinal Roger Mahony of the Archdiocese of Los Angeles.

"Even though we anticipated this day, the finality still strikes with a force equal to ton of bricks. There was the common affinity we shared for Purdue and UCLA and that forged a unique bond. My folks, Gene Keady, Pete Newell and Coach Wooden were the most influential people in my life. I turned to him for perspective at every critical juncture over the past 20 years. Ninety-nine years of goodness and now he's back with Nell." — St. John's coach Steve Lavin, who coached for seven years at UCLA and also was an assistant at Purdue.

"John Wooden was a great coach and a great man. He was a man of humility who embodied the best in character and values, and exemplified what coaching is all about. I was fortunate enough to be honored with the Wooden Award in April, an award that now takes on added significance to me personally. I found out that I was being honored on his 99th birthday. To have the opportunity to go out to Los Angeles and see firsthand how great an impact he still has is something I will always be honored and humbled to be a part of. His legacy will endure forever." — Florida coach Billy Donovan.

"I am very saddened at the passing of John Wooden. In my lifetime, I was fortunate to call him a friend. As a coach, I always admired his gentle demand for nothing but excellence and his student-athletes delivered. He created role models on and off the court, and because of him, it is something I instilled in my players from my first day as a very young coach. The takeaways we all have been blessed with from knowing John Wooden are numerous. For all of his successes, he was such a humble man. Tonight, we have lost a true American icon." — Tennessee women's coach Pat Summitt.

"Coach Wooden was probably the best coach ever, in any sport. A true gentleman and an incredible leader. Rest peacefully, Coach Wooden." — Kentucky coach John Calipari on Twitter.

"There isn't a more respected, influential and genuine figure in the history of the game than Coach Wooden. This is a tremendous loss, but his legacy will live on through the countless people whom he touched over the years." — Purdue coach Matt Painter.

"We take a great deal of pride in his words, his experience and his ability to do what he did. A lot of people at UCLA know that his `Pyramid of Success' is the foundation for a lot of the programs." — UCLA softball coach Kelly Inouye-Perez.

"I never met him. Meeting him was on the bucket list. Came close a couple times, but never did meet him. Obviously, I've read everything about him, so just being selfish and personal, I have regret that I never had an in-person meeting with him. Amazing life." — St. Louis Cardinals manager Tony La Russa.

___

"I grew up in Los Angeles and UCLA was everything to me growing up. And Coach Wooden — if there were a Mount Rushmore of American sport, John Wooden would be on it, not only for what he represented on the court, but what he represented off it. So my very best wishes go to the Wooden family. There has not been a finer gentleman in sports than John Wooden." — ESPN analyst Jay Bilas.

I have placed no ads for me or any affiliates due to my deep respect for Coach Wooden. May he rest in peace. - Rodney Gilbert

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Undecided Senate; Unemployment Benefits may expire for Some

>> Tuesday, June 1, 2010

Senate Democratic leaders conceded late last week that an effort to extend unemployment benefits and other expiring provisions through the end of the year will fail.

A nearly $200 billion package of unemployment benefits and tax credits floundered in the House after conservative Democrats balked at the prospect of adding $130 billion to the federal deficit.

As a result, unemployment benefits for hundreds of thousands of Americans will begin to run out on June 2.

Federal subsidies for COBRA health insurance premiums will begin to run out on May 31.

A freeze in scheduled cuts to doctors’ Medicare reimbursements will expire on May 31.

A senior Democratic Senate aide said that Democrats would offer a 14-day extension of unemployment insurance, COBRA, the so-called “doc fix” and the national flood insurance program.

Senate Republicans, however, are expected to object to the proposal because it would add $4 billion to the federal deficit.

Republicans will make a counteroffer of a short-term extension that would be paid for by funds from the economic stimulus program.

The senior Democratic aide said Democrats would object because they believe those funds should be devoted to job creation.

Senators left for the week long Memorial Day recess with this matter still up in the air.

The senior Democratic aide said lawmakers would reconsider an extension of expiring unemployment benefits and tax relief when they return to Washington on June 7.

As many as 200,000 people could lose their benefits in the first week after unemployment insurance expires.

Sad. Being dependent on government was never the purpose of the founding fathers, but considering the state of affairs presented to the American public; we should expect a little more resilience out of our paid incumbents.

I've seen sled dogs with more perseverance.


Rodney Gilbert, CLTC, is a Registered Financial Representative and President of United Life Financial LLC. Rodney has been assisting his clients achieve their financial objectives since 2007. He holds Series 6 and Series 63 licenses and the Certification in Long Term Care (CLTC) Designation. Rodney is also an avid speaker to those who want to learn more about tax planning with IRAs. For additional information, visit http://www.unitedlifefinancial.net/


Remember, this blog is for information only and is not an offer to sell or invest in securities. Please refer to all appropriate prospectuses prior to any investment. Investments can, and do, lose money.

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