Changing the Scope of Exercise Live Longer and Stronger
Your body undergoes a variety of changes over the years, many of which are degenerative and can be debilitating to your health. But exercise can help slow these age-related issues, like heart disease or high blood pressure, and even prevent them in the long run. Here are four ways you can get moving without overexerting yourself. Walking or Jogging Taking a stroll around the neighborhood or a few laps around the park can help build stamina, strengthen lower body muscles, and help fight against bone diseases like osteoporosis. If you want to sweat it out some more, jogging might be a great alternative. But remember to be kind to your joints: Walk at a pace you’re comfortable with, wear supportive shoes, take breaks as needed, and walk on soft surfaces, like tracks or grass. Gardening While gardening doesn’t seem as vigorous as other exercises, it is a hearty physical activity. Digging around in the dirt is actually great for your immune system, and
it strengthens your arms, legs/knees, and balance. Mycobacterium vaccae, which is a bacteria commonly found in gardening soil, can alleviate symptoms of allergies, asthma, and even psoriasis. Cycling Whether it be in a class or outdoors, cycling can be very beneficial for stiff or sore joints. You’re able to get your blood flowing and build muscles in the front and back of your legs as well as your hips. Your arms are also strengthened due to the resistance of balancing your arms and shoulders to steer. Yoga Holding a series of poses can stretch and strengthen your muscles, tendons, and ligaments. It also helps lower heart rate and blood pressure and can even relieve symptoms of anxiety and depression. For older adults, a well-rounded workout that consists of endurance, strength, balance and flexibility can help in many ways. Some can even be fun!
A Legacy You Can Trust Your children and grandchildren will remember you fondly forever for the
The Importance of Legacy Planning
lifetime. This means that now more than ever, it’s important to put a legacy plan in place. Here’s where to start. The Difference Between a Will and a Trust A will is a legal document that facilitates the distribution of your wealth and property the way that you wish after you pass away. A trust is a fiduciary agreement that allows a third-party manager, or trustee, to hold assets on behalf of beneficiaries. A big difference between a will and a trust is that a trust goes into effect upon its creation and a will goes into effect upon your passing. Remembering Taxes When your wealth is passed on to your children and grandchildren, how will it be taxed and, more importantly, how can you minimize those taxes? Assets can receive a setup in basis, yielding a lower
capital gains tax, and both full and partial Roth conversions may lower taxes. In some cases, depending on the structure, a life insurance policy can even be put into place to distribute wealth to your beneficiaries tax-free. The SECURE Act The SECURE Act eliminates the usual “Stretch IRA” strategy that is relied upon to transfer wealth to your beneficiaries. So, instead of your children and grandchildren being able to take distributions when they want, most non-spouse beneficiaries must empty inherited accounts within 10 years. For more information on legacy planning or any of the rules and laws that come into play, we are here to help! Give us a call today to set up a time to chat about your financial goals!
memories, stories, chunks of wisdom, and advice that you’ve passed on to them thus far. But, now that you’re in retirement, have you considered how you will pass on your property, heirlooms, and wealth — one of the greatest gifts — to them as well? Proper legacy planning can be a bit of a tedious process, so it’s understandable if you haven’t yet created a plan for this. With the ever-changing laws regarding estate planning, it’s tough to know where to begin! However, in a recent tax plan proposal, the Biden administration is considering imposing a “wealth tax” that would no longer make it possible for descendants and their heirs to avoid income tax on increases in the value of their assets throughout the decedent’s
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