Reevaluating Retirement Plans due to Covid-19

COVID-19 Has Many Americans Reevaluating Retirement Plans

Roughly two in five Americans (38%) say the COVID-19 pandemic has impacted their retirement plans by having to retire later than planned, now not being able to retire at all or being forced into retirement. Plus, 41% are currently reevaluating their retirement plans to assess the financial impact of COVID-19. These are among the findings revealed by a new COVID-19 Tax Survey conducted online in May 2020 by The Harris Poll on behalf of The Nationwide Retirement Institute® among U.S. adults 18+.  Heightened uncertainty and complexity are driving a need for greater financial protection. Roughly half of Americans agree that the COVID-19 pandemic has made them recognize the need for annuities to protect their investments against market risk (47%) and to protect their retirement income (48%). More than half of all U.S. adults (57%) and investors (60%) also say the pandemic has made them recognize the need for life insurance.

More survey results can be found in the full article at the link above.

The heightened uncertainty and complexity have definitely affected my own retirement plans.

The massive number of people out of work have definitely affected my own thoughts and feelings about work.

Retirement = work.

As long as my health holds up and as long as there’s someone out there willing to pay me to do what I do I plan on working.

Vulvar Melanoma Is Increasing in Older Women

Vulvar Melanoma Is Increasing in Older Women

The national incidence of vulvar melanoma is on the rise in women aged over 60 years, climbing by an average of 2.2% per year during 2000–2016, Maia K. Erickson reported in a poster at the virtual annual meeting of the American Academy of Dermatology.

These are often aggressive malignancies. The 5-year survival following diagnosis of vulvar melanoma in women aged 60 years or older was 39.7%, compared with 61.9% in younger women, according to Ms. Erickson, a visiting research fellow in the department of dermatology at Northwestern University, Chicago.

New China COVID-19 outbreak…Salmon?

It is unknown how the virus made it onto the chopping board at Xinfadi market in Beijing’s Fentai district, but the discovery came in conjunction with a cluster of cases and has forced its closure.

Lin Li, chief scientist of a team that monitors aquatic disease and control in Guangdong Province, told the newspaper it’s not possible for live salmon to be contaminated with the virus given it lives in the ocean, neither can frozen salmon be a source of the novel coronavirus which can only exist in active cells.

New China COVID-19 outbreak to directly impact ‘salmon business around the world’

By now anyone who stops by this blog knows I’m obsessed with Covid-19 and try to learn as much as I can by reading widely.  When I heard about the potential salmon connection I had to find more to read.  And I did.

IntraFish Media is the world’s leading source of news, prices and analysis for the global seafood, commercial fisheries and aquaculture industries.

Source: Wikipedia

I like salmon and usually buy the farmed version over the wild version despite the nutritional differences.  When I was on the company’s website I found this link:

Screenshot_2020-06-24 New China COVID-19 outbreak to directly impact 'salmon business around the world' Intrafish

I clicked the link and got this:

Screenshot_2020-06-24 Error 503 intrafish com

Memo to Self:

File under Things That Make You Go Hmmm……

 

Worried About Houston

Texas is heading down a dangerous path, local leaders warn as coronavirus cases and hospitalizations surge

Dr. Peter Hotez, dean of the National School of Tropical Medicine at Baylor College of Medicine, predicted over the weekend that Houston is on the brink of a disaster, based on the latest trends in increasing numbers.  “My observations if this trajectory persists: 1) Houston would become the worst affected city in the US, maybe rival what we’re seeing now in Brazil 2) The masks = good 1st step but simply won’t be enough 3) We would need to proceed to red alert,” Hotez tweeted.

Houston Yikes 062320

Do not wait for a politician to tell you to:

  • Wear a mask.
  • Avoid crowds (especially younger non-mask wearing crowds where infections are spiking upwards).
  • Pay attention to your local Covid-19 statistics and act accordingly.  Limit your excursions to trips for essentials or shelter in place.
  • Practice physical (social) distancing.
  • Stock your pantry.

 

Carnival Cruises Posts 2Q $4.4 Billion Loss

I’ve been on several cruises in my life.  As an excessive weight challenged individual cruises have always been problematic for me.  Too much food.  Too much alcohol.  The last opportunity to join relatives on a cruise was a few years ago.  I declined to participate.  I just don’t like cruises.

But I also don’t like witnessing businesses crash and burn.  Stunning number.

Source article link.

Cruising