This month’s article excerpts include two articles about money—frugality in retirement and tax planning; and three excerpts about Alzheimer’s gene-mapping, 25-female leaders’ views on power, and daily napping linked to dementia.
Introducing the 3-bucket approach to tax planning
Tax season may be over unless you filed an extension. Prepare now for next year by weighing three tax buckets—tax-deferred, such as traditional IRAs or 401(k)s; taxable (non-IRA brokerage accounts, savings or checking accounts, certificates of deposit), and tax-free (Roth-IRAs, annuities) to help you long-term. For instance, consider converting some of your tax-deferred dollars to your Roth account for tax-free gains and withdrawals.
Excessive Napping Could be a Sign of Dementia
Older adults who nap at least once a day and more than an hour a day were 40% more likely to develop Alzheimer’s than those who napped less, according to the study published in Alzheimer’s and Dementia: The Journal of the Alzheimer’s Association. Daytime napping can also signal brain changes independent of nighttime sleep.
Previously Unknown Genes Discovered for Alzheimer’s Disease
In the largest study of genetic risk for Alzheimer’s, 42 more genes were found to be linked to Alzheimer’s disease. Julie Williams, center director at the UK Dementia Research Institute at Cardiff University, says, “60-80% of disease risk is based on our genetics….” Building on 30 years of research, some of the newly discovered genes are tied to the role of inflammation and the damage to brain cells.
25 Famous Female Leaders on Power
After caregiving, it’s time to rest and recover. Ladies, read this article for ideas on regaining your power from the mouths of female leaders. Each leader offers a different take on finding and exercising her power. Start with using your voice. Create collaborations with other women. Act upon your instincts while dialing back when necessary. One step is all it takes. Go girl!
Are You Being Too Frugal in Retirement?
“You might be surprised how common it is to be so afraid to spend that you don’t fully enjoy your retirement.” Having enough in retirement is a fortunate-problem to have. Your fear of outliving your money may appear to be more reasonable with today’s high inflation. Yet, fear can paralyze one to live in poverty despite having enough. “Here are [five] tips if your fears are holding you back.” Tip 2: Pay taxes now to keep more of your money later. For example, if you believe you’ll pay higher taxes during your retirement, fund your Roth IRA now with money taxed at a lower rate for tax-free growth and withdrawals.
Thanks to ASA’s Generations SmartBrief for three of the articles excerpted above.
