A Plan is Not a Strategy – Update 08.03.22

A few months ago I was thinking about retirement. The funny thing about life at “retirement age” and still working is you think about retirement a lot. See Thinking About Retirement (or just another fine Saturday Morning) While catching up on news I came across several articles on unretirement. I learned the word unretire is actually in the dictionary. See https://www.merriam-webster.com/dictionary/unretire. Rather than retire then unretire I decided I needed a plan. The more I thought about coming up with a plan the more I realized I needed a strategy instead.

So now I’m working on strategy only to realize I’ve had a strategy for many years. I’ve just never taken the time to write it down. It might be time to document my strategy. But it’s been too hot to write and Too Hot to Blog.

Take Home Message: A Plan is Not a Strategy.

Update 08.03.22

For an excellent example of strategy read this piece https://www.noceilingsnba.com/p/the-art-of-presti on how Sam Presti the General Manager of the OKC Thunder epitomizes this definition of strategy.

Livin’ on Tulsa Time

The new museum opened its doors to the public on May 10th, 2022, located in Tulsa’s arts district near the city’s renowned Woody Guthrie Center. Originally a former paper warehouse, the 29,000 sq.ft center is a dynamic, multifaceted venue which houses permanent, temporary, and traveling exhibitions of Dylan’s work, his influences, and projects inspired by his legacy. The center will serve as a space to educate, motivate, and inspire visitors through exhibits, public programs, performances, lectures, and publications. While designing the space, the team took into account three visitor experiences: “swimmers, skimmers, and divers” defining the different user profiles visiting the center and how they will interact with the content of the museum.

Olson Kundig Transforms Abandoned Warehouse into a Bob Dylan Center in Tulsa — https://www.archdaily.com/982365/olson-kundig-transforms-abandoned-warehouse-into-a-bob-dylan-center-in-tulsa

Just another post in my sporadic series of posts on things to do in Oklahoma when friends and family finally decide they have to come visit me.

READ THIS BOOK

Now that I have your attention…

“Some of the best evidence for the role of exercise in maintaining weight loss comes from the National Weight Control Registry, an online group of over ten thousand men and women who have lost at least thirty pounds and kept it off for at least a year. These folks defy the cynical view that meaningful, sustainable weight loss is impossible. The average Registry member has lost over sixty pounds and kept it off for more than four years. They are truly exceptional…Nearly all of them (98 percent) report changing their diet to lose weight, which makes sense given how diet can affect the reward and satiety systems in our brain and impact how much we eat.”

Pontzer, Herman. Burn (pp. 255-256). Penguin Publishing Group. Kindle Edition.

It took a while for me to find the manila folder hanging somewhere in one of my file drawers. Surprising because I have a lot less paper files gathering dust in hanging folders. I know it’s here but where? Ah, there it is… Desk 2 south of the tax files, north of my paper life insurance policies. I am participant number 8784.

The National Weight Control Registry (NWCR) was established in 1994 by Rena Wing, Ph.D. from Brown Medical School and James O. Hill, Ph.D. from the University of Colorado. This study is the largest investigation of long-term successful weight loss maintenance. Few individuals succeed at long-term weight loss. The NWCR was developed to identify and investigate the characteristics of individuals who have succeeded at long-term weight loss. The NWCR is tracking over 10,000 individuals who have lost significant amounts of weight and kept it off for long periods of time. http://www.nwcr.ws/

I started sending data to this study in 2007. Most years I get one annual survey. Occasionally I’ve received and completed a number of smaller supplemental surveys. I am 8784 and have kept the weight off for nearly 50 years. Since the Great Melt of 1975 I’ve cycled between 163 and 205 pounds. For the past decade I carried 200-205 pounds on my 5.10 frame. During the first year of the pandemic I dropped 25 pounds (again). Currently I’m holding around 170.

I am exceptional but you can be exceptional too. 8784 signing out.

Cluttered Memories From a Lifetime of Knowledge

As we age, many of us have difficulty retrieving memories. Researchers propose an explanation for why this might be happening: the brains of older adults allocate more space to accumulated knowledge and have more material to navigate when attempting to access memories.

Cell Press. “Lifetime of knowledge can clutter memories of older adults.” ScienceDaily. http://www.sciencedaily.com/releases/2022/02/220211111852.htm (accessed February 11, 2022).

But this still doesn’t explain why I can’t remember where I put my coffee cup.

Scary Charts (the scariest chart of 2021)

https://wolfstreet.com/2021/12/23/oops-americans-big-pay-increases-got-run-over-by-even-bigger-price-increases/

This week I made a donation to the Regional Food Bank of Oklahoma https://www.regionalfoodbank.org/. If you live in Oklahoma please consider a year end gift. There is a $500,000 dollar for dollar match until year end. If you live elsewhere there will be a similar charity you can give to.

End of post.

The Myth of Retirement – 11.21.21

Rising prices inevitably impact the economy as consumers adjust their buying habits. https://www.visualcapitalist.com/u-s-inflation-which-categories-have-been-hit-the-hardest/

I think a lot of Americans who are preparing to retire now are going to have to rethink their plans. Because there’s no way the money that they’ve saved and the income streams that they anticipate receiving are going to be sufficient given the much higher cost of living that we’re going to be experiencing. And this is not just going to be a few percent a year. We’re talking double-digit increases in the cost of living for many, many years in a row.

Peter Schiff, chief global strategist of Euro Pacific Capital

A hedge against inflation in retirement is to keep working. My patented solution is twofold: Build a nest egg while working, and work for as long as possible, either doing what you’ve been doing, or doing something new and interesting and fun. Full-time is great, but even a part-time gig is great, and for all kinds of reasons, not just money, and even if you have plenty of money and don’t need to work.

Wolf Richter

Retirement math now is simple. If you can, work longer and save more.

The SupremeCmdr – The Myth of Retirement

Remember The Lobsterwoman!

Colonoscopy – Just Do It (an almost forgotten post)

I came across this post in my collection of unpublished drafts. I thought I posted this but obviously I didn’t. This article link was intended to be posted before Colorectal Cancer Rates Rising in Ages 50-54. Better late than never, I guess.

More than one quarter of colonoscopies carried out in Americans aged 30 to 49 years reveal some type of neoplasm, and slightly over 6% of these patients have advanced cancer, results of a nationally representative endoscopic registry show.

One Quarter of 30–49-Year-Olds Have Abnormal Colonoscopy Results – Medscape – Jun 07, 2021. — https://www.medscape.com/viewarticle/952536?src=rss#vp_1
APL = Advanced Premalignant Lesions. CRC = Colorectal cancer.

Also see Study Finds Sharp Rise in Colon Cancer and Rectal Cancer Rates Among Young Adults and Diet and Colon Cancer Risk – CBS News.

Colorectal Cancer Rates Rising in Ages 50-54

During the period 1992–2018, there were a total of 101,609 cases of CRC among adults aged 45–59 years. Further analysis showed that the CRC incidence rates rose from 23.4 to 34.0 per 100,000 among people aged 45–49 years and from 46.4 to 63.8 per 100,000 among those aged 50–54 years. Conversely, incidence rates decreased among individuals aged 55–59 years, from 81.7 to 63.7 per 100,000 persons.

Colorectal Cancer Rates Rising in People Aged 50 to 54 Years – Medscape – Nov 11, 2021 – https://www.medscape.com/viewarticle/962769?src=rss#vp_2

I am posting a link to this article as I enjoy the effects of 238 grams of Miralax mixed with a gallon of sports beverage and/or water. It certainly takes your mind off of not eating all day.

Need Retirement Income? – (Life Underwriters Need Not Worry)

The total number of life insurance policies sold rose 8% in the first six months of the year and marked the highest such growth since 1983, LIMRA said. And there were other indicators in that same data that pointed to positive signs: Total U.S. life insurance premium increased 21% in the second quarter 2021, the largest year-over-year increase since third quarter 1987; in addition, it was up 18% for the first half of 2021 compared to the prior year.

Life Insurance Sales Are Up, But for How Long? — https://news.ambest.com/articlecontent.aspx?refnum=313837&altsrc=2

I know who you are and I know what you want. If you are looking for ransom, I can tell you I don’t have very much money. But what I do have are a very particular set of skills; skills I have acquired over a very long career. Skills that are currently in short supply. Skills that I can and will take to the highest bidder.

The Supreme Commander

I last posted about my upcoming retirement in More Retirement Income Ahead!

I need to start referring to my upcoming retirement as What Retirement?