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Work Life: Workers Have Retirement 'Overconfidence'
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Workers Have Retirement 'Overconfidence' By EILEEN ALT POWELL, AP Business Writer
Tue Apr 4, 2:20 PM ET
NEW YORK - The majority of American workers think they'll be able to retire comfortably, but most aren't saving nearly enough to meet that goal, according to a new study.
The Employee Benefit Research Institute's annual retirement confidence survey, released Tuesday, found that about 68 percent of workers are confident about having adequate funds for a comfortable retirement, up slightly from 65 percent in 2005.
At the same time, more than half of all workers say they've saved less than $25,000 toward retirement, according to the Washington, D.C., based research group. Even among workers 55 and older, more than four in 10 have retirement savings under $25,000.
AP Photo: Graphic shows results of a survey about retirement savings. (AP Graphic)
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Posted by Love on Wednesday, April 05 @ 15:25:00 EDT (2102 reads)
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Work Life: Fix The Hackers Note
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HACKERS THINK THAT THEY ARE COOL!
They are Stupid! Wasting their time.
Hackers will be prosecuted in H*
:)
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Posted by boomer on Saturday, January 21 @ 00:00:00 EST (1274 reads)
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Work Life: Vitamins: Accessory Factors to Health
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Anonymous writes "What are these wonder micronutrients that your body cannot produce all by itself but needs them badly in trace quantities? They are called vitamins. Vitamins are not synthesized or produced by the body so they need to be obtained by humans through the food they eat. Humans need 13 vitamins to maintain good health.
It is important to know that there are two kinds of vitamins for safety purposes for one of them might cause toxicity when taken in large dosages. Here are the two types of vitamins, the vitamins included on each type, their function and sources.
Fat-soluble vitamins are dietary supplements that may be absorbed by the body's fat. This absorption means that these vitamins can stay in the body, particularly in the liver, as long as they want. Because they are stored, they don't need to be replaced daily. These fat-soluble vitamins include vitamin A, D, E and K.
Vitamin A works for healthy eyes, maintenance of a good complexion and prevents aging. Sources of this vitamin are vegetables, kidney, liver and milk. When the body lacks this vitamin, nigh blindness, xerophthalmia or no tear secretion, phrynoderma or toad skin, retarded growth and low resistance against infection may occur on the person.
Vitamin D helps in the burning of calcium and phosphorus, and proper development of bones and teeth. It is commonly found in liver, dairy food and eggs. Deficiency of this vitamin will cause rickets or brittle bones, osteomalacia or softening of the bones, and poor development of teeth.
Vitamin E aids in the proper functioning of the reproductive organs, acts as an antioxidant and also helps in the maintenance of a good skin. Sources of vitamin E are green leafy vegetables, milk, butter and meat. Deficiency of this vitamin may result to abnormal development of the fetus and infertility.
Vitamin K is for the proper functioning of liver and normal clotting of blood. Vitamin K could be taken from green leafy vegetables and soybeans. A person lacking this vitamin may be afflicted with hemorrhages.
Water-soluble vitamins are micronutrients that are not stored in the body and must be replaced in a regular basis. They are dissolved in water and eliminated in urine. These vitamins are easily washed out or removed during food preparation. Vitamins considered as water-soluble are the B-complex vitamins and vitamin C.
The B-complex vitamins include thiamin, riboflavin, niacin, pantothenic acid, folate, B6 and biotin. They support the body in maintaining a good eyesight, healthy skin, normal appetite, a healthy nervous and circulatory system. Sources of these vitamins include enriched grain products like white rice, breakfast cereals, pasta, breads and white flour. Deficiency of these vitamins may result to pernicious anemia, pellagra, beri-beri and other B-complex related deficiency diseases. Vitamin C or ascorbic acid is another water-soluble vitamin that helps in the wound healing process, production of brain hormones and maintenance of blood vessels, teeth and bones. Ascorbic acid is from citrus fruits and other vegetables. If one lacks this vitamin, he may suc*****b to hemorrhages, rough, dry skin, scurvy, sore joints and bones and increased risk to infections.
These dietary supplements must always be taken with precaution and must follow a certain recommended daily allowance to ensure safety and effectiveness."
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Posted by boomer on Thursday, September 08 @ 22:30:06 EDT (2658 reads)
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Work Life: Green Tea and Cholesterol facts
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Anonymous writes "A green and lush oasis in the middle of a scorching dessert. A cool breeze on a hot summer night. A bright light in the end of a cold and dark tunnel. Green tea and cholesterol.
For the millions and millions of people suffering from high cholesterol green tea may be that light. You can browse and search the Internet for topics on green tea and cholesterol and would come up with hundred of hits.
Cholesterol, triglycerides, the protein apoB in LDLs, are words dreaded by humans of the modern age. This new century is expected to become the century of medical miracles, the green tea, lowly as it may sound looks very promising as several researches have shown. This could be the decade of green tea and cholesterol.
More good news is it's not just green tea and cholesterol; it's also green tea and cancer. Several studies have shown that the antioxidants are present in green tea. The Journal of the National Cancer Institute published the results of an epidemiological study indicating that drinking green tea reduced the risk of esophageal cancer in Chinese men and women by nearly sixty percent. Another research done by the University of Purdue researchers recently concluded that a compound in green tea inhibits the growth of cancer cells. In another study by the University of Kansas determined that EGCG may explain why the rate of heart
disease among Japanese men is quite low, even though approximately seventy-five percent are smokers.
And more good news! It's not just green tea and cholesterol; it's also green tea and high blood pressure. Habitually drinking 5 to 10 cups a day of green tea lowers high blood pressure.
For more that 4,000 years the Chinese have known about the medicinal benefits of green tea since using it to treat everything from headaches to depression. So it's not just green tea and cholesterol; it's also green tea and depression!
Drinking green also is reported to be helpful with rheumatoid arthritis, Cardiovascular disease, infection, and impaired immune function.
Green tea is rich in catechin polyphenols, especially epigallocatechin gallate (EGCG). EGCG is a good anti-cancer element. Polyphenol limits the negative effects of smoking and a fatty diet.
There's more! It's not just green tea and cholesterol; it's also green tea and weight loss. The American Journal of Clinical Nutrition published a report that found out that men who were given a combination of caffeine and green tea extract burned more calories than those given only caffeine.
How about green tea and tooth decay anyone? Its bacteria-destroying abilities kill the bacteria that cause dental decay. So it's not just green tea and cholesterol, it's also green tea and bacteria.
Why is it that it's green tea and cholesterol not oolong tea or black tea? As we all know there are 3 types of tea, green, oolong and black. All of these come from the leaves of the Camellia sinensis plant. But why green? Green tea leaves are steamed, which prevents the EGCG compound from being oxidized while black and oolong tea leaves are made from dried or fermented leaves, which causes loss of EGCG.
We should have learned speaking mandarin or *****ien a long time ago and got to know green tea and cholesterol lowering the Chinese way.
There is more to green tea and cholesterol, search the web and get to know more of the heath benefits you may get from green tea. Does anyone know how to say green tea in Chinese?
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Posted by boomer on Saturday, September 03 @ 15:22:18 EDT (2499 reads)
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Work Life: Boost Your Education And Life With An Online Degree
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Anonymous writes "Obtaining an online bachelors degree can be a swift and easy way to further your career,prospects and life in general. But before you enroll, there are a few important points you need to know get your head around.
Number one, you'll want to make ensure that the college that offers you a degree online is accredited. School and universities are accredited on a national or state level. This accreditation means that a relevant board of education has researched and approved the schools curriculum and course.
Secondly, you will want to make sure that the school is highly recognized and that the bachelors degree can be transfered. This will help because someday you might need to further enhance your education by completing your masters degree and you might be required to transfer your bachelors credits.
Prerequisite to obtaining your bachelors degree from a university or college, First you must have the minimum of a G.E.D or a high school diploma. It will also help to have some college or previous work experience under your belt. If you have attained previous college credits, then they can be put toward your bachelors degree program and the period of time that you will need to be enrolled in school will be shortened.
If you have not attained previous college credits, The majority of bachelors degree online programs take about thirty six months to finish. This period of time is based on a person that takes a minimum of twenty hours of course work per week. With previous college credits, or by spending a larger amount of time on course work every week, some individuals can finish their bachelors online degree program in as little as twelve months.
To choose which university or college to enroll with, it is best to decide what type of degree program you require. The majority of colleges offer these type of programs but some specialize in man varied fields. For example, an individual who wants a bachelors degree in business might decide to go with Ashworth College, while a person that wants an degree for education would want to go with Penn State University.
When you have chosen a bachelors online degree course, you need to research its class schedule. Most online programs or courses allow you to download the course work and complete it at your own leisure, but some programs insist that you log on to the Internet for virtual class sessions at a designated time a few times a week. Now you know the basics you will see that making up for lost time can be easier than you might have thought and topping up your education is a real possibility. Go on what have you got to lose?"
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Posted by boomer on Tuesday, August 30 @ 18:44:05 EDT (2683 reads)
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Work Life: Private Retirement Account
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Anonymous writes "Private accounts a fixture in some countries
While the United States grapples with whether to add private investment to Social Security, other countries that already offer personal retirement accounts may serve as examples.
CHILE
Population: 15.2 million
% age 65 and older: 7.2
Current system began: 1981
Worker contribution: 10 percent of pay
Employer contribution: none
Government contribution: Cost of a guaranteed minimum pension
Retirement age: 65 for men, 60 for women
How it works:
- All of the worker's contribution goes to a private account.
- Benefits are determined by how much the worker has contributed plus interest and may be withdrawn periodically, paid as an annuity or a combination of both.
SWEDEN
Population: 8.8 million
% age 65 and older: 17.4
Current system began: 1999
Worker contribution: 7 percent of pay
Employer contribution: 10.2 percent of pay
Government contribution: Cost of a guaranteed minimum pension
Retirement age: As early as 61
How it works:
- The system consists of a national pension plan along with mandatory private accounts.
- Pension plan funds are allocated using a complicated formula. Private accounts are funded through worker and employer contributions totaling 2.5 percent of pay.
- Accounts are made up of mutual funds and are converted to annuities at retirement.
POLAND
Population: 38.6 million
% age 65 and older: 12.1
Current system began: 1999
Worker contribution: 9.8 percent of pay
Employer contribution: 9.8 percent of pay
Government contribution: Cost of a guaranteed minimum pension
Retirement age: 65 for men, 60 for women
How it works:
- The first part is a pension determined by the amount a worker has contributed to the plan divided by the average life expectancy at retirement age.
- The second part is a mandatory individual retirement account that is converted to an annuity at retirement.
SINGAPORE
Population: 4 million
% age 65 and older: 7.2
Current system began: 1991
Worker contribution: 20 percent of pay
Employer contribution: 13 percent of pay
Government contribution: none
Retirement age: 62
How it works:
- A worker gets a lumpsum payment equal to the total worker and employer contributions plus at least 2.5 percent in compound interest.
- At age 55, workers must put about $42,000 in a retirement account to ensure income after age 62.
- Workers also can tap funds to pay for a child's education, medical expenses or purchase of a home.
Note: Worker and employer contribution rates are portions paid for retirement benefits only except in the case of Singapore, where the contribution rates cited also help fund education, medical and housing costs.
Sources: Social Security Administration, news reports
Chicago Tribune"
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Work Life: Singapore's plan for retirees offers lessons for U.S.
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Anonymous writes "Singapore's plan for retirees offers lessons for U.S.
By Michael A. Lev Tribune foreign correspondent
At first blush, the social security system in this wealthy, modern country appears to be something of a model for the reforms being considered in the United States.
The Singapore government's plan for retirees uses individual savings accounts--to which employee and employer contribute--with the emphasis placed on personal responsibility. Workers can access their accounts at any time to buy a house, which most do, or to pay for education. They also have the option of directing their money into a wide array of investments, from gold to stocks to mutual funds, and there is a lot more talk these days of giving workers even more options to invest for retirement as they see fit.
President Bush (news - web sites) is proposing to add an element of personal choice to the Social Security (news - web sites) system, though only a portion of the payroll tax could be used for a carefully selected menu of private investments, and people would not have access to that money until they retire.
Singapore's system, the Central Provident Fund, became a major creator of wealth for Singaporeans in initial incarnations decades ago, contributing to one of the highest rates of home ownership in the world.
But ask Quek Soo Beng, a 63-year-old bus driver, how he expects to pay for his golden years and he'll tell you the CPF will play a very small role.
"My children will support us," said Quek, who has two daughters and a son. "My wife and I will use CPF money to travel."
This is not an unusual situation.
Many retired Singaporeans--perhaps the majority in the working class--accept help from their children, often in the form of a monthly payment of roughly $500 to $750. Singaporean values are heavily influenced by Chinese culture, which places the burden on children to care for their parents. In fact, there is a law in Singapore requiring that families take care of their own, but it seldom needs to be invoked.
And so it becomes obvious fairly quickly that the Singaporean system is not about to be exported wholesale to the U.S.
But there are some interesting lessons to be learned from studying it, as well as looking at some other countries--such as Chile--that have chosen a different path from the American-style pay-as-you-go system.
`No ideal system'
"There is no ideal system; each country has to look at where it is," said Mukul Asher of the National University of Singapore, an authority on pension systems who writes frequently on the CPF and is a critic of it as a social security system.
"It's actually an example of what not to do," he said. "The first thing you need to understand is that it's not a social security scheme. It's a mandatory savings scheme."
Under the plan, employees must contribute about 20 percent of their salary to their account, with employers putting in another 13 percent. The government guarantees a 2.5 percent annual return, though participants who opt to manage their investments may make much more. The main wealth-building component is that contributors can borrow from their accounts to buy a house.
The financially savvy government gets a major boost too. While guaranteeing a modest 2.5 percent, it can turn around and invest CPF funds not earmarked by workers wherever it sees fit. Most likely it earns fat returns off the deposits of employees and employers, but the government is not required to disclose where the money goes.
That all worked through Singapore's high-growth years, as salaries and housing prices increased. Workers invested mainly in government condominiums--the state benefiting once again--and often traded up several times, and at retirement they either had a house that was paid for or one they could trade down from and pocket the equity. Meanwhile, the country got rich.
But now, some critics warn, there may be a problem with the Singaporean system. For one thing, the country is very small, and its changing demographics do not bode well for the CPF in the long term. The population is graying--as in the U.S.--and families are having fewer children. So what happens when today's workers grow old and don't have three or four children to support them? Or what happens to the wealth of Singaporeans if housing prices collapse?
"Overinvestment in real estate is a concern," said Aw Tar Choon, a Singaporean doctor and co-author of a book about social security.
There also is a recognition that CPF does not provide nearly enough, particularly if a participant uses the money to buy a house and doesn't plan to sell.
So Singapore is thinking about retooling its system.
There is talk of raising the retirement age from 62 to 67, and the government also is studying whether to let people invest more aggressively on their own behalf.
New incentives
Already, about 10 percent of Singaporeans' retirement money is invested individually in stocks and insurance. The government hopes to encourage those types of investments by approving the creation of privately run mutual funds specifically for CPF money. The goal is to make such investments easy and to lower brokerage fees through mass participation.
That starts to sound like the system used in Chile over the past 25 years, in which participants deposit money into personal accounts and then invest in stocks and mutual funds.
Experts say the system has helped develop the capital markets and has generated good returns, but they point to several major shortcomings. The investment process has been burdened by high fees. And the government decided it needed to also guarantee a minimum pension for those whose plans failed, and that has cost billions of dollars.
In Singapore, the shortcomings have been glossed over because a powerful, paternalistic government faces little opposition.
That motivated Asher to point out what sounded like a of warning to Americans watching the proposed reforms take shape: "The economics of pensions is a very subtle thing, and very, very complex. There are probably only 100 people in the world who understand it."
http://www.chicagotribune.com
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Work Life: Taiwan Open for Unification With China
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Anonymous writes "Taiwan Open for Unification With China
Thu Feb 24, 2:52 AM ET World - AP Asia
By STEPHAN GRAUWELS, Associated Press Writer
TAIPEI, Taiwan - Taiwanese President Chen Shui-bian told an opposition leader Thursday that he would not shut the door on eventual unification with rival China if Beijing expressed goodwill.
Chen and People First Party Chairman James Soong signed a joint declaration at the end of the meeting, their first formal talks since Oct. 2000. Chen has been hoping to smooth over differences with Soong because his PFP is a key partner in an opposition alliance that controls the majority in the legislature.
The two leaders have held widely diverging views on how to handle China, which claims the self-ruled island is part of its territory and threatens to go to war if Taipei declares formal independence.
Soong has accused Chen of lacking a consistent China policy and of provoking Beijing, while the president has accused the opposition of being too accommodating toward the communist giant.
But in their joint declaration, they promised that they would "not rule out the possibility of any model of relationship evolving on the basis of goodwill."
Chen repeated previous assurances that he would not declare independence, change the island's official name of "Republic of China," nor hold any referendums on those issues during his term, which ends in May 2008.
Chen's more ardent supporters want to drop the reference to China in the island's name, a move likely to provoke China.
Soong welcomed the president's stance in favor of the status quo, but still rejected Chen's supporters' enthusiasm for independence.
"The Republic of China is our biggest point of agreement," Soong said. "Taiwan independence will only bring war and disaster, so it's not a political choice," he said.
The two politicians also promised to cooperate on the restoration of full direct links with China. Taiwan temporarily ended a 56-year-old ban on direct passenger links with China to allow Taiwanese working on the mainland back for the Lunar New Year holiday over the past month.
Direct transport links were severed after the communists won a civil war and took over the mainland in 1949. Passengers have to stop at a third point, usually Hong Kong, before flying into Taiwan from the mainland.
Taiwan has expressed the hope that the experience gained by organizing the passenger flights could form the model for talks on having permanent cargo flights.
Chen and Soong's PFP also differed over plans to buy arms from the United States worth $18 billion, but opposition lawmakers — and the PFP in particular — have held up a special budget for the weapons for months. They say that buying the submarines, Patriot missiles and anti-submarine planes could spark an arms race with China that would bankrupt Taiwan.
At the meeting, Soong recognized the need for a strong defense but indicated more negotiations were needed before his party could agree to the arms deal.
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Work Life: 'New urbanism' embraces Latinos
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Anonymous writes "'New urbanism' embraces Latinos
By Haya El Nasser, USA TODAY
This is a slice of Orange County you won't see on TV's The OC. Bridal shops and corner grocery stores. Families strolling downtown. Workers walking to lunch. Store signs in Spanish next to the ubiquitous Starbucks shops. Street vendors. Professionals living in artists' lofts a block from Main Street.
Amid a suburban county's gated communities, three-car garages and megamalls, Santa Ana is a fledgling hub of "new urbanism," an increasingly popular antidote to sprawl that promotes dense, walkable neighborhoods where people live, work and play.
But it's new urbanism with a twist: Latino new urbanism.
Advocates of this budding movement suggest that places where Hispanics are fast becoming the majority could help rein in sprawl by capitalizing on Latino cultural preferences for compact neighborhoods, large public places and a sense of community.
"I grew up in Mexico. We had a traditional urban square and plaza where everything is happening," says Mario Chavez-Marquez, 31, who lives in one of downtown Santa Ana's new loft apartments. "To me, it made sense to move back to the center, closer to my job. Now I can walk to a supermarket."
Builders and planners have largely ignored the cultural identity of this new wave of home buyers, says planner Michael Mendez, who coined the term "Latino new urbanism."
As a result, many Hispanics moving up the economic ladder choose typical suburbs far from work, mass transit and shopping because it's usually the only path to home ownership, Mendez says. "They have to assimilate into what's available."
Hispanics are the largest minority in the USA and are projected to become the majority in California by 2040. How and where they live will shape neighborhoods, cities and suburbs for generations.
California expects to gain 21 million people from 2000 to 2050 - 18 million of them Hispanic. Housing the booming population without putting more stress on land and water resources and a congested highway system is a big challenge. The nation as a whole faces similar demands: The Census Bureau (news - web sites) projects the U.S. population growing 49% to 420 million by 2050.
Latino new urbanism is taking hold in California and Texas, the nation's two most populous states and the ones with the largest numbers of Hispanics. And it's starting to garner national attention among growth-control advocates and developers eager to tap the Hispanic housing market. The National Association of Home Builders, for example, plans to publish a book on designing for the Latino market.
Almost a third of California homebuyers had Hispanic surnames in June 2004, according to DataQuick Information Systems. That's up from less than a fifth in 2002. The top surnames of buyers: Garcia, Hernandez, Lopez and Rodriguez.
Latinos are comfortable living near stores and businesses and riding buses and trains, says Katherine Perez, executive director of the Transportation and Land Use Collaborative of Southern California.
"There is a natural group of folks ready to embrace these ideas," she says. "(But) what happens to the Latino that has 'assimilated' and moves in to the single-family, detached home in the suburbs with the SUV in the driveway? What does that mean in air quality, land consumption and pure economics?"
Latinos already are reshaping old urban neighborhoods. In East Los Angeles, Mexican-Americans live in small wooden houses that were built more than 50 years ago by Anglos. They've added paint and stucco, put in large front porches, fountains and wrought iron, and turned neighborhood parks into the main social place outside the home.
In most communities, zoning and building codes prevent such ethnic touches. Now developers and civic leaders are trying to create these neighborhoods from scratch:
• San Diego approved five "Pilot Villages" last year. One of them, Mi Pueblo in San Ysidro near the Mexican border, is pure Latino new urbanism.Facades of new homes arevibrant red, blue, yellow and green. Mi Pueblo eventually will have 1,143 residential units, about a quarter of them moderately priced. Three-bedroom, two-bath homes built so far are selling for $270,000, about half the local median price.
• San Fernando, a small Los Angeles suburb that is 90% Hispanic, is working to attract housing, retail and services so residents don't have to go to Pasadena or Glendale for shopping and entertainment.
There are plans for a mall and apartments, homes and condos downtown.About 15% of new housing will sell below the city's single-family home median price of $367,000 ($295,000 for condos).
Latino new urbanism has gotten the attention of Henry Cisneros, former secretary of Housing and Urban Development and now the chairman of American CityVista in San Antonio. The company develops homes in city neighborhoods that haven't seen new housing in decades. Moderately priced developments in Austin and San Antonio are built near established Latino communities.
Cisneros advocates designs that fit the needs of Hispanic families - from big kitchens with gas stoves for grilling tortillas to courtyards for social gatherings, multiple bedrooms for large and extended families, and driveways that accommodate numerous cars.
So far, new urbanism has chiefly targeted white and higher-income populations in suburbs, he says.
"I think Latinos can be the ideal audience for a new urbanist conversation," Cisneros says.
Developments tailored to such lifestyles account for only 5%-10% of new construction, says Pasadena architect Stefanos Polyzoides, co-founder of the Congress for New Urbanism, a non-profit group.
Differences in what Hispanics, blacks, whites or Asians want are subtle, says Gopal Ahluwalia, who tracks buyers' preferences for the home builders group. "I have my doubts about this Latino new urbanism thing," he says. "It's more socioeconomics and demographics that drive this marketplace than ethnicity and race."
Santa Ana, whose population of 342,510 is about 80% Hispanic, embraced Latino new urbanism before there was even a name for it.
In the early 1990s, Santa Ana's downtown was dying. People came because they either worked in the county government center or had to serve on a jury.
Then Hispanic immigrants arrived in large numbers. But many left as soon as they could afford to, City Councilman Mike Garcia says. Now the city is trying to keep them. It refurbished historic facades, built brick sidewalks with benches and replaced a methadone clinic and bus depot with artists' lofts.
Mario Chavez-Marquez and his wife, Karyn Mendoza, 29, were lured by the changes. He works as a planner for the city of Irvine, a 10-minute drive from Santa Ana. Mendoza, who grew up in a mostly white suburb of Chicago, walks two blocks to her job as a social worker for a non-profit organization. They also exhibit works by Latino artists in their diseño ART Gallery, on the street level of the loft they own.
"Who's to say Latino new urbanism should be just for Latinos?" says Dowell Myers, a demographer at the University of Southern California. "Maybe it's a general model for the whole region. "
http://USATODAY.com
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Posted by boomersint on Tuesday, February 22 @ 14:24:49 EST (869 reads)
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Work Life: Retirement isn't just a date -- it's a new life
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Anonymous writes "Retirement isn't just a date -- it's a new life
USA TODAY - November 23, 2004
Carol Wobser is trying to guard against being stuck at the end of her cul-de-sac in Cincinnati.
Mark and Janet Skeie of Lake Elmo, Minn., a suburb of the Twin Cities, are making peace with what Mark calls their ''loss of identity.''
And Ian Carr of Windsor, Ontario, says he just wants to ''give this thing a little bit of time to see how it plays out.''
Wobser, the Skeies and Carr are recent retirees. Before calling it quits, they took a hard look at their finances and concluded they had enough money to see themselves through the years ahead. But now they're facing a whole different, more ambiguous task -- taking stock of their mental and emotional readiness for retirement -- and they're wondering: Am I really prepared for this?
''We didn't realize what we were getting into from a psychological standpoint until we got into it,'' Mark Skeie says. ''There's really not much out there to guide people through the process.''
Nancy Schlossberg, a psychologist who interviewed nearly 100 current and prospective retirees for her book Retire Smart, Retire Happy: Finding Your True Path in Life, says, ''The biggest mistake people make is not realizing there's a psychological component to retirement.''
Her words, along with those of other experts and the experiences of people who have already made the change, are particularly pertinent to the first wave of the nearly 77 million baby boomers now on the cusp of their 60s and facing the sometimes frightening idea of leaving the workplace.
''One reason the transition can be difficult for some people is that retirement really is not one, but many, transitions,'' Schlossberg says. ''Our work, after all, gives us an identity. It maps out our routines, our relationships. Work very often is, in effect, our community. So leaving a job is a lot more than just ceasing work.
''Sometimes just knowing that it's not all going to come together immediately -- there's a comfort in that.''
Take, for example, Mark and Janet Skeie. Both were 56 when they took early retirement in September 2003 -- he from a management job at 3M and she from a small branch office of General Reinsurance. Overall, their transition has been successful, but it has taken a while.
''We went from a very structured world -- a world really that had been structured since we were in kindergarten -- to one in which the structure almost totally disappeared. You have to have a lot of discipline to manage the time and space without just idling away the days,'' Mark says.
''You know, you can only do so many loads of laundry,'' Janet quips.
To fill the void, both took up walking up to 3 miles a day. Mark also got involved with a senior advocacy program at the University of Minnesota, where he's putting together a pre-retirement planning program for people who, he says, ''need to understand all aspects of the change.'' Janet is volunteering at schools and the library and has become an avid cook.
''We've had friends over who have asked, 'Do you eat this way all the time?' '' Mark jokes. ''And I say, 'Yes, that's why we walk so much.' ''
Working through goals
While the Skeies have been hoofing it, Carr, 58, who retired in June after 40 years with the Ford Motor Co., has taken up bicycling. ''Just finished my goal of riding 100 miles,'' he says. ''In retirement, that's necessary: to set goals, even little goals, whatever they are.''
Wobser, 60, also retired in June, after 31 years of teaching in Ohio. ''One of the first things I told myself was, 'Don't let yourself get stuck at the end of that cul-de-sac.' '' She's resolute in maintaining relationships with the teachers she worked with in suburban Cincinnati, but admits she needs to make new friends outside her former workplace.
Mark and Janet Skeie have done exactly that. ''We've met a really neat group of people through different organizations in which we've become active,'' Mark says. ''I still golf occasionally with a couple of my former colleagues from work. But it's not the same without the constant, day-to-day interaction. And as the year has gone on, we've noticed there's a waning and lessening of those contacts.''
Replacing work colleagues with another network is just one of several pieces of advice from experts on how to make the transition successfully. Getting involved with something meaningful is another.
Schlossberg says she had an identity crisis of sorts when she retired from teaching at the University of Maryland in 1996.
''Frankly, it took me a while,'' she says. ''I needed to get over the fact that I was no longer a college professor. And it nearly gagged me to say I was 'retired.' One of the reasons I wrote my book is that it gave me a chance to take a hard look at the issues I was dealing with personally.
''Since then, I've got involved in several organizations -- a repertory theater group in Sarasota (where she and her husband now spend most of the year), then developing programs for the public library -- eventually joining the boards of directors for both. I would never have predicted that I'd be on the boards of a repertory theater and a library.''
Which brings up the question: Is it really a good idea to rely on serendipity when going into retirement? Wouldn't it be better to have a solid plan?
''Well, yes,'' Schlossberg says. ''But, really, most people don't have plans. The exciting thing about retirement is fantasizing, then letting things evolve.''
Gene Cohen, director of the Center on Aging, Health and Humanities at George Washington University in Washington, D.C., and author of The Creative Age: Awakening Human Potential in the Second Half of Life, agrees -- at least to a point. He has been studying 100 people age 60 and up, retired or partly retired, and says fewer than 10% had any preparation on how to spend their time.
''Fortunately, in the beginning, most of these people are happy to have a change. It's like a sabbatical. But then it begins to wear off.''
He emphasizes the importance of remaining open to possibilities.
''You have to differentiate between having a plan and doing an exploration,'' he says. ''You may not be ready to make a plan, but knowing what's out there helps ground you better. You spend less time stumbling around until you stumble onto something that gives you some measure of fulfillment.''
Cohen and Schlossberg compare retirees to people of another generation they know well: college students.
''Think of it (retirement) like career development, like college,'' Schlossberg says. ''Some kids come to college and know what they want to do. But many don't. They go through a searching period. Same with retirees.''
Adds Cohen: ''Students often don't know what their major is going to be, but they want to expose themselves to new things. And I think you want to approach retirement in the same way: It's a new period that is very liberating.''
'Work is a bad habit'
Tatiana Yates, 73, of Albany, Calif., felt anything but liberated after retiring from 26 years with the Social Security Administration. Most of those years were in Buffalo, but she relocated to a field office in San Leandro, Calif., to be near her two children and seven grandchildren in 1997, three years before she called it quits.
''I was home for six weeks and went nuts,'' she says. ''I hadn't lived here (in northern California) long enough to know many people, so I didn't have anybody to play with. There are only so many novels you want to read, so many TV shows you want to watch, so many walks you want to take.
''I told myself, 'I've just got to do something else.' ''
That ''something else'' turned out to be ferrying around her grandchildren and picking up a few bucks as a record keeper for the chess program at a local school. ''You know, keeping track of who's signed up, who's paid, who's not paid -- that kind of stuff. Nothing too cerebral.''
''Work,'' she insists, ''is a bad habit.''
Not so for Marlyn Lawrence, 56, who retired a year ago after 35 years with the New York City school system. ''My attitude is, every day is a good day,'' she says. ''Even if I sit home and do nothing, it's a great day.''
Not that she sits home that much. She sees friends and family often, reads fiction and, for the first time in years, took a vacation -- a luxury cruise to the Baltic. ''Vacations are wonderful -- what a revelation!'' she exclaims.
And about that loss of identity?
''When you work in a field -- in my case, education -- everything was a big deal for those of us in that little circle. But outside the circle, it's all caca. Nobody knows who those people are, and, frankly, nobody cares.
''I was always sort of able to make the distinction between what I was doing and how important it was in context, and then in the larger picture,'' she says. ''If you can't do that, retirement could be very difficult.''
Howard Stone, 69, of East Greenwich, R.I., says the whole idea of retirement should be retired. He says he ''transitioned'' seven years ago from managing trade publications for the food service industry to become a life coach.
''As you move from one industry to another, no matter how much the people there admired or relied upon you, they move on without you,'' he says. ''I didn't realize it then, but I was dispensable. And that's fine because I feel a meaning, a purpose, in what I'm doing now.''
101 alternative jobs
Stone and his wife, Marika, 62, are the authors of Too Young to Retire: 101 Ways to Start the Rest of Your Life, which helps provide a road map for the 50-plus crowd who might be asking, ''What next?'' The 101 ideas vary from animal handler to yoga teacher. Almost anything but ''retiree.''
''Retirement,'' Howard says, ''doesn't belong in our culture. It's a negative. The American dream, I think, is work that you love, a community that you love, and having time around that to be entertained, to have some leisure, to have some equilibrium among all those things -- not to just go off and disappear.''
And what about those who might come to the same conclusion after they have already retired?
''There are people in my study who are in their 80s and re-examining their options,'' Cohen says. ''It's never too late.''
Cover story
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