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Falls and Their Impact on Life

With Geoffrey Hoffman, PhD, MPH, University of Michigan School of Nursing

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Geoffrey Hoffman, PhD, MPH and Assistant Professor at the University of Michigan School of Nursing discusses his expertise in older adults, the prevalence of and outcomes associated with fall...

Rose's Quarantine

Rose Cooper Shares Her Quarantine Experience

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We asked Rose Cooper, a resident of a Senior Living Community in Michigan, to share her two week quarantine experience after visiting family in Chicago.   

Senior Living and Care Options

With Anita Kremer, President of AlternativesforSeniors.com

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Anita Kremer, President of Alternative for Seniors, joins Laurie Blume to discuss the great need for direct access to information on senior housing. Anita explains the many options, ranging from...
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Coronavirus Resources

Key Financial  Tips - Don’t Panic!
Laurie Blume
/ Categories: Financial, Money Management

Key Financial Tips - Don’t Panic!

Remain Calm in Turbulent Times

Here are a few financial tips for those of us who are Gracefully Greying adapted from the Financial Manager and AARP Magazine:

  1. Do not panic. Panic is the enemy.
  2. Diversification is your safety net. Make sure that your money is spread among different types of investments, such as U.S. stocks, foreign stocks, bonds and publicly traded real estate trusts. Investing in mutual funds is safer than buying individual stocks and bonds.
  3. It is hard to plan for economic calamity.
  4. Think twice before paying off your mortgage if it uses up a lot of cash.
  5. Do not panic and sell too early. This is how most people get hurt by market downturns. Panic is your biggest enemy.
  6. Do not be overconfident either. There are always down turns in the market. The four most dangerous words when the markets have been strong for a long time: “This time it’s different.”

Another good read is Suze Orman's article 10 Steps to our Ultimate 'Retirement, published in AARP.  Another important read is published by U.S. News & World Report, What the Coronavirus Means for Your Retirement Finances.

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