VarsityBlog

From Two Miles to a Movement

How My Varsity Jacket Inspired the Her Retirement Varsity Club

Perusing my closet today, I decided to pull out my high school varsity jacket — which is a few decades (or more) old now.

In 7th grade, I was one of just two junior high kids in my school’s history to earn a varsity letter. Back then, our junior high was part of the high school, so we were allowed to compete with the older athletes.

I ran the grueling two-mile event, meet after meet, pushing through every lap, every sprint to the finish. I went out for track just to stay in shape for field hockey and basketball. Little did I know that by the end of the season, my best friend and I had earned enough points from meets to be awarded our varsity letters. At just 13 years old, we weren’t just “junior high athletes” anymore — we were varsity athletes!

A few years later, after adding field hockey, basketball, and more track seasons to my name, I had enough varsity pins under my belt to finally earn a varsity jacket — stitched with hard work, perseverance, and a lot of heart. My jacket is more than just a memory. It’s a reminder that you can GET HER DONE.

Trying it on and having my son take a picture of me in it, inspired me to create a new jacket: The Her Retirement Varsity Club jacket.

Only for this jacket, the badges aren’t for field hockey, basketball, or track. They’re for:

Health — because longevity is the new goal.
Wealth — because freedom beats flash every time.
Happiness — because what’s the point if you’re not actually enjoying it?

Retirement isn’t a finish line however, it’s a new season. One you train for, plan for and earn. That’s what the Her Retirement Varsity Club stands for.

Maybe the best part of this story is that my jacket still fits. My son said I shouldn’t hide it away in the closet. I should wear it with pride. He even got out his leather cleaner and spiffed it up for me. The second best part of this story is that I can still run two miles. I still got game. Because showing up for your future never goes out of style.

My new motto:  Strength. Freedom. Happiness. Always in Training. Still Getting Her Done After All These Years.

I’m ready to order my new Her Retirement Varsity Club jacket, and I’ll wear it with pride too. Who’s with me? ‍♀️

Thankful

The Power of Gratitude: Lessons from Inspirational Figures in History

Thanksgiving is a perfect time to reflect on the power of gratitude. Gratitude isn’t just a fleeting sentiment; it’s a transformative force that shapes how we view the world and respond to challenges. Throughout history, countless inspirational figures have reminded us that gratitude has the ability to inspire resilience, foster connection, and spark lasting change.

Here are a few remarkable individuals whose lives and words teach us about the profound impact of being thankful.

 

  1. Helen Keller: Gratitude for Life’s Simple Joys

Helen Keller, who overcame the immense challenges of being both deaf and blind, exemplifies gratitude for even the smallest victories. Despite her hardships, she famously said:

“I thank God for my handicaps, for through them I have found myself, my work, and my God.”

Her life teaches us that gratitude isn’t about having everything go our way but about appreciating the lessons and strength we gain from adversity. Keller’s story reminds us to find beauty and meaning in life, even during difficult times.

 

  1. Mahatma Gandhi: Gratitude as a Catalyst for Change

Mahatma Gandhi, the leader of India’s nonviolent independence movement, often spoke about gratitude for those who opposed him. He believed resistance provided an opportunity to strengthen his resolve and demonstrate the power of peace. Gandhi said:

“You may never know what results come of your actions, but if you do nothing, there will be no result.”

His life reminds us that gratitude is not passive—it fuels courage and the determination to keep moving forward. Even when faced with opposition, expressing gratitude can help us see the value in challenges and the growth they inspire.

 

  1. Maya Angelou: Gratitude in the Face of Struggle

Maya Angelou, the celebrated poet and activist, endured immense hardship throughout her life but always found ways to be grateful. She believed in the transformative power of gratitude, famously writing:

“This is a wonderful day. I’ve never seen this one before.”

Angelou’s perspective reminds us to embrace each new day with a sense of wonder and possibility. Her words encourage us to find something to be thankful for, even when life feels overwhelming. Gratitude, she taught, is a practice that brings joy and hope, no matter the circumstances.

 

  1. Nelson Mandela: Gratitude for Freedom and Forgiveness

After spending 27 years in prison, Nelson Mandela emerged not with bitterness but with gratitude—for freedom, for justice, and for the chance to rebuild his nation. He once said:

“As I walked out the door toward the gate that would lead to my freedom, I knew if I didn’t leave my bitterness and hatred behind, I’d still be in prison.”

Mandela’s story reminds us that gratitude has the power to heal. By focusing on the opportunities ahead rather than the injustices of the past, we can free ourselves from emotional burdens and build a brighter future.

 

  1. Mother Teresa: Gratitude in Service

Mother Teresa dedicated her life to serving the poorest of the poor, yet she always spoke about the gratitude she felt for the opportunity to help others. She said:

“We ourselves feel that what we are doing is just a drop in the ocean. But the ocean would be less because of that missing drop.”

Her humility and gratitude remind us that even small acts of kindness have great significance. Through service, we can cultivate gratitude for the connections we make and the difference we bring to others’ lives.

 

Practicing Gratitude in Our Own Lives

The lessons from these figures teach us that gratitude is more than a feeling—it’s a mindset and a practice. This Thanksgiving, let’s embrace gratitude not just for the abundance in our lives but also for the challenges that help us grow, the people who inspire us, and the opportunities to make a difference.

Here are a few simple ways to incorporate gratitude into your daily life:

  1. Keep a Gratitude Journal: Write down three things you’re thankful for each day.
  2. Express Appreciation: Take a moment to thank someone who has positively impacted your life.
  3. Pause and Reflect: When faced with challenges, ask yourself, What lesson can I learn from this?
  4. Share Gratitude: Make gratitude a shared experience by discussing it with loved ones during meals or gatherings.

 

As we give thanks this holiday season, let’s carry the wisdom of Helen Keller, Gandhi, Maya Angelou, Nelson Mandela, and Mother Teresa with us. Gratitude is a powerful tool that can transform our lives and the world around us, one thoughtful moment at a time.

I want to take a moment to express my heartfelt appreciation for all the followers, students, and clients of Her Retirement. Your trust, dedication, and commitment to improving your financial futures inspire me every day. Watching you embrace the journey of retirement planning with courage, curiosity, and openness fills me with gratitude. It is a privilege to be a part of your path to a more secure and fulfilling retirement. Thank you for allowing me to serve as a guide and resource as you work toward your goals—together, we are creating a future of financial freedom, health, happiness, and peace.

 

Happy Thanksgiving

woman looks at papers as she sits in front of a computer

Unlocking $30 Billion in Unclaimed Senior Benefits: A Guide to Programs and Resources for Seniors

Each year, billions of dollars in benefits go unclaimed by seniors who could greatly benefit from them. Below is a guide to some of the major unclaimed senior benefits and the resources available to help seniors access them:

  1. Social Security Benefits
  • Unclaimed Benefits: Many seniors are eligible for additional Social Security benefits due to miscalculations in their earnings, delayed filings, or failure to apply for spousal or survivor benefits.
  • Access Resources:
    • Social Security Administration (SSA) Website: ssa.gov – Provides online services to check eligibility and apply.
    • My Social Security Account: Create an account to review benefits and earnings records.
  1. Medicare Savings Programs (MSPs)
  • Unclaimed Benefits: MSPs help low-income seniors with premiums, deductibles, copayments, and coinsurance for Medicare. However, millions of eligible seniors have not enrolled. In 2024, MSPs can cover the $174.70 monthly Part B premium, or $2,096.40 annually.
  • Access Resources:
    • Medicare.gov: Provides details on MSPs and other assistance.
    • State Health Insurance Assistance Programs (SHIPs): Free local counseling for Medicare options via shiptacenter.org.
  1. Supplemental Security Income (SSI)
  • Unclaimed Benefits: SSI offers monthly payments to low-income seniors, but many are unaware of their eligibility or are confused by the application process.
  • Access Resources:
    • Social Security Administration (SSA): Apply online or at local offices.
    • Benefit Finder Tool: Use Benefits.gov to check eligibility and apply.
  1. Veterans’ Benefits
  • Unclaimed Benefits: Many seniors miss out on veteran-specific benefits, such as pensions, disability compensation, and healthcare programs.
  • Access Resources:
    • Department of Veterans Affairs (VA): Visit va.gov for information on benefits.
    • Veterans Benefits Administration (VBA): Contact the VBA for assistance filing claims.
  1. Supplemental Nutrition Assistance Program (SNAP)
  • Unclaimed Benefits: SNAP provides financial aid for food, but many seniors do not apply due to stigma or lack of awareness.
  • Access Resources:
    • SNAP State Agencies: Apply through state agencies or use Benefits.gov for eligibility info.
    • Eldercare Locator: Call 1-800-677-1116 for help finding local SNAP application assistance.
  1. Low-Income Home Energy Assistance Program (LIHEAP)
  • Unclaimed Benefits: LIHEAP helps with energy bills, but many seniors do not apply.
  • Access Resources:
    • Benefits.gov LIHEAP Page: Find eligibility and application details by state.
    • Community Action Agencies (CAAs): Offer application assistance and energy-saving programs.
  1. Housing Assistance (Section 8, HUD Programs)
  • Unclaimed Benefits: Many seniors are eligible for housing subsidies through Section 8 or HUD, but often don’t apply.
  • Access Resources:
    • HUD.gov: Information on housing assistance programs.
    • Public Housing Authorities (PHAs): Contact PHAs for Section 8 applications and local housing info.
  1. Medicaid and Long-Term Care Benefits
  • Unclaimed Benefits: Medicaid can help with healthcare costs and long-term care, but many seniors fail to apply due to misconceptions about eligibility.
  • Access Resources:
    • Medicaid.gov: Find state-specific eligibility info and application instructions.
    • Local Medicaid Offices: Get personalized assistance for long-term care options.
  1. Prescription Drug Assistance Programs
  • Unclaimed Benefits: Programs like Extra Help significantly reduce the cost of prescription drugs. Despite an estimated $11.8 billion in unclaimed benefits annually, many eligible seniors are not enrolled.
    • On average, Medicare beneficiaries spend $500 annually on prescriptions. Extra Help provides benefits like zero premiums for Medicare Part D plans and reduced out-of-pocket costs.
  • Access Resources:
    • SSA Extra Help: Apply at ssa.gov/extrahelp.
    • Medicare.gov: Review Part D plan options.
  1. Property Tax Relief Programs
  • Unclaimed Benefits: Seniors may qualify for property tax exemptions, credits, or deferrals but often don’t claim these benefits.
  • Access Resources:
    • State and Local Tax Agencies: Contact your local tax assessor’s office for senior-specific property tax relief.
    • AARP Tax-Aide: Free tax preparation for low- to moderate-income seniors at aarp.org.

General Assistance for Identifying and Accessing Benefits

  • Eldercare Locator: Call 1-800-677-1116 for referrals to local services that help identify and access unclaimed benefits.
  • BenefitsCheckUp® by NCOA: Use this free tool at BenefitsCheckUp.org to find benefits programs in your area by entering your ZIP code.

Conclusion

Many seniors miss out on billions of dollars in unclaimed benefits each year. By leveraging available tools and resources like the NCOA, SSA, and BenefitsCheckUp®, seniors can access programs that can significantly reduce out-of-pocket expenses for healthcare, housing, utilities, food, and more. Increased awareness and outreach are key to ensuring seniors receive the assistance they deserve.

 

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Conquering Retirement Challenges for Women

When it comes to retirement, women may face unique obstacles that can make saving for retirement more challenging. Given that women typically live longer than men, retirement money for women may need to stretch even further.1

Despite these challenges, a wise strategy can give women reasons to be hopeful.

Get clear on your vision.

Do you want to spend your retired years traveling, or do you envision staying closer to home? Are you seeing yourself moving to a retirement community, or do you want to live as independently as you can? If you’re married, sit down with your spouse to discuss your visions for retirement.

You can’t see if you’re on track for your goals if you haven’t defined them. If you do find you’re falling short of where you want to be, a financial professional can help you strategize about how you can either get to where you want to go or adjust your strategy to fit your situation.

Get creative with your strategy.

If you expect to or have taken time off from the workforce, you may want to increase your contributions to your retirement accounts while you are working. If you’re staying home while your spouse works, you may be able to contribute to an individual retirement account.

Once you reach age 72, you must begin taking required minimum distributions from a Traditional Individual Retirement Account and other retirement plans in most circumstances. Withdrawals from Traditional IRAs are taxed as ordinary income and, if taken before age 59½, may be subject to a 10% federal income tax penalty. Traditional IRA contributions may be fully or partially deductible, depending on your adjusted gross income.

Look for sources of additional income.

If you’re caregiving for an elderly relative, there are ways to be paid for your time. According to AARP, the Veteran’s Administration or Medicaid may be a potential source of income. Working with a professional who has expertise in this field can help you navigate your options and potentially find a way to earn income for work that you’re doing.2

Keep the conversation open.

One of the best things you can do is to make sure you are having regular conversations about finances and hearing from well-informed sources. There are more resources than ever at your disposal, and working with a trusted financial professional can help ensure that you always know where things stand.

While women can face many challenges as they save for retirement, careful preparation and a creative approach can help you rise to the occasion and pursue the fulfillment of your goals.

If you have questions or need help, send us an email.

1. Transamerica.com, 2021
2. AARP.org, 2021

The content is developed from sources believed to be providing accurate information. The information in this material is not intended as tax or legal advice. It may not be used for the purpose of avoiding any federal tax penalties. Please consult legal or tax professionals for specific information regarding your individual situation. This material was developed and produced by FMG Suite to provide information on a topic that may be of interest. FMG, LLC, is not affiliated with the named broker-dealer, state- or SEC-registered investment advisory firm. The opinions expressed and material provided are for general information, and should not be considered a solicitation for the purchase or sale of any security. Copyright 2022 FMG Suite.

Episode 38

Episode 38: Retirement Optimized Strategies

This week Lynn is speaking to Brian Saranovitz of Your Retirement Advisor. This episode is an excerpt from a live Ask the Advisor Q&A session that was recorded in December 2021. Brian kicked off the session with a discussion of what he calls the Multi-Discipline Retirement Strategies or MDRS. These are little known retirement optimized strategies that people can deploy in their plan to really improve their retirement outcome. This episode will give you some ideas you may not have heard before, so join Lynn to learn more.

Listen to more episodes here!

Check out the transcript here!

Episode 26

Episode 26: Long-Term Care Planning

This week Lynn talks about Long Term Care Planning and protecting your life savings. Join Lynn as she discusses some long-term care myths and statistics. Long-term care risks are very real. The only way to protect yourself is to proactively plan for these risks. That’s what we’re all about at Her Retirement. We’ll connect you; we’ve got you covered. Listen and learn more.

Listen to more episodes here!

Episode 16

Episode 16: Do Taxes in Retirement Matter?

Do Taxes in Retirement Matter? Yes, they absolutely do. Utilizing the proper tax planning strategy can potentially add 5-10 years to your retirement portfolio when withdrawing income. In this week’s episode, Lynn is going to discuss 9 strategies that can potentially impact your retirement income in a big way!

Click here for the Tax Guide Printable PDF! 

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