Since the financial items out number the psychological
ones, we will start out with them.
Have you been paying attention to the budget agreement
Congress has passed on to President Obama? It takes
away a Social Security provision that allowed retirees
certain benefits and could impact those nearing retirement.
A second financial item relates to a mislabeling of
of municipal bond yields. Evidently bonds are offered
issued at a premium over par. They are often called
before maturity. Meaning– lower yields than labelled.
A third financial item relates to benefits to ACS
member who are unemployed.
The non-financial item is about a book describing
“productive habits” we all might benefit from.
NEW SOCIAL SECURITY RULES
SOURCE: A. Tergesen, WSJ 10-31-15, “New
social security rules to end key filing strategies“
I sent my brother who recently turned 66 this article
that spells out the end of social security spousal
benefit upgrade for some retirees. There is a
six month period before the regulations go into
effect. This could be several thousand dollars a
year difference for those who are affected.
MUNICIPAL BOND MISLABELING
SOURCE: J. Zweig, WSJ 10-31-15, ” How
Muni Bonds Yield 4% in a 2% World”
Those investing in low risk, no tax municipal
bonds might be in for a shock to find the real
return is nearly half of what is advertized. Zweig
suggests asking your broker or adviser to
reveal the “yield to worst’ on your municipal
bonds, adjusted for return of principal.
ACS MEMBER BENEFIT
SOURCE: T. Connelly, letter for the executive
director to members, 10-1-15
In this letter seeking our membership renewal,
each one of us 158,000 (~5000 less that last
number in memory), might benefit from the
“members-only benefit” of up to 3 years free
membership (not sure if it is sequential or
additive) if you are unemployed. There are also
some benefits that you should ask for if you are
faced with such a personal challenge. In our
new world of temporary or episodic employment
this might be meaningful.
SOURCE: Peter Bregman, “Four Seconds“,
Harper One, 2015
Bregman goes into how we instinctively form
habits to live through our daily lives. He breaks
them down into mental, relationship, work,
self-defeating, and what I call productive habits.
He spends effort on boredom, how we become
our worst critic of ourselves, perfection and
What I liked were his descriptions of “productive”
habits– taking a “4 second pause” to develop options
when you face a problem, a 4-second pause when
attacked to ask questions [reducing tension in a
situation], a 4-second pause to establish focus each day,
to follow through and to prepare each day what are
short term and longer term priorities.