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Why your first five years of retirement are critical – MarketWatch

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If youre a glass half full person, heres some good news: About half of retirees are able to maintain their spending levelsin other words, their lifestylesduring their first five years of retirement.

Thats according to a study by the federal governments Consumer Financial Protection Bureau (CFPB),which looked at retiree spending habits over a 22-year period ending in 2014.

Obviously, retirees are like snowflakes: no two are alike. Yet the study says most tend to have one important thing in common: They usually spend more in their first five years of retirement than at other times, and then it begins to decline. For example, if youve dreamed of traveling the world, checking things off from your bucket list and so forth, youre more likely to do so in the early stages of your golden years than the latter ones, when you may be slowing down.

And its not just splurging in Italy or taking the grandchildren to Disney World. The CFPB cites an external study by the Employee Benefit Research Institute, which notes that retirees also tend to buy fewer clothes, fewer home furnishings and other things as time goes by.

Read: I want to retire to a rural location with four seasons that gets me out of New York state so where should I go?

But theres something else you need to know about why spending declines after a few years, and its important. More on that below.

Naturally, being able to maintain spending is easier for some than others. The CFPB report says that 27% of retirees were able to spend based solely on income from pensions, Social Security, annuities and other sources of income. Another 24% wear able to so by dipping into savings and selling off investments, in addition to the above things.

But remember: if you dip too deeply into these thingsyour principalit raises the chances of you running out of money later on. Theres a common rule of thumb that you should never take more than 4% of your principal a year, but this is something you should discuss with a trusted financial adviser.

So the first five years are telling, and can reveal how the rest of your life, financially, is likely to go.

Perhaps youve heard that a sound retirement is best compared with a three-legged stool: One leg is a pension, one is Social Security, and the third is personal savings. But the stool has gotten wobblier over the years. Fewer companies have defined pension plans than ever before, shifting responsibility to employees to save through 401(k), IRA and other plans. But tens of millions of Americans, for a variety of reasons, havent saved much, if anything: Nearly 70% have less than $1,000 stashed away, according to a 2019 survey by GOBanking rates.Countless other studies say pretty much the same.

Read: My retirement income is $95,000 a year, and I want a walkable, affordable beach town to spend the winter. Where should I retire?

This leaves Social Security, which was never meant to be a primary source of income, yet for millions, thats exactly what it is. According to the SocialSecurity Administration, 50% of married couples and 70% of unmarried persons receive 50% or more of their income from Social Security. Even worse: 21% of married couples and about 45% of unmarried persons rely on Social Security for 90% or more of their income.

If youre already in retirement, you know where you stand. If you only have one or one-and-a-half of those legs of the stool, chances are youre still working (or trying to in this economy), and chances are youve downgraded your standard of living. It very well could be that Social Security is just about all youvegot.

However, for younger workers, perhaps 10 to 15 years away from retiring, the CFPB study offers data that could help strengthen your finances as your career winds down.

It showed that homeowners (59%) are more likely to be able to maintain spending in retirement than renters (30%). And not surprisingly, homeowners who paid off their mortgages before retiring were in even better shape. Think about that: No monthly payment to anyone.

If this isnt you, you might want to consider the cost advantages of downsizing. If youre still working and cant relocate, can you at least find something smaller and/or cheaper? I recognize that this may be difficult, and perhaps painful, but if it helps you get a better grip of your finances, it may be worth considering.

And heres a no-brainer: Stay out of nonmortgage debt. Its awfully hard to live well in retirement if youre saddled with car loans, credit card or even student loansyes, some retirees still have student loans. Get this stuff off your books as fast as you reasonably can. Focus on paying off whatever has the highest interest rate first.

Finally, remember how I said theres something else you need to know about why spending declines after a few years? Many people, forced into a corner financially, have no other choice. The CFPB found that retirees who couldnt maintain their standard of living wound up slashing spending by 28% over their first five years in retirement. Of that number, 17% cut spending by more than half.

This is sobering data. Nobody wants to cut their spendingtheir lifestyleby half. But if retirement is still on the horizon for you, consider taking steps now to bolster your situationbefore youre forced to later.

Now my question (s) of the month: If you are eyeing retirement what are you doing now to strengthen your finances? And if you are already in retirement, have you been forced to make any changes? Tell me your stories. Write to mePaul Thanks and I hope youre staying safe this summer.

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Why your first five years of retirement are critical - MarketWatch

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June 27th, 2020 at 4:49 am

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Cracking the Retirement Code –

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Do you know how much your Standard Form 50 (Notification of Personnel Action) statements reveal about your future retirement? The answer might be more than you think.

Before there were electronic official personnel folders, there were cardboard official personnel folders held together by metal fasteners that held copies of an employees SF-50s. and a second copy was given to to the employee for their own records. Its still a good practice to keep copies of your SF-50s.

The reason is you can use these forms to determine the effective date of any relevant personnel actions that define your federal career history. These personnel changes are used in determining your eligibility for retirement and the computation of your retirement benefit.

An employee normally has only one OPF or eOPF. It follows the employee from one agency to another when he or she transfers, or upon request is sent from the Federal Records Centersat the National Archives and Records Administration to the new agency where an individual is reemployed after an extended break in service. Most agencies forward records to the FRC when an employee separates from federal service. A few, however, retain permanent records of separated employees and should be contacted directly for verification of service. Your payroll office also keeps the primary evidence of your federal service by maintaining your individual retirement records.

Some types of service are not reflected on SF-50s. They dont, for example, reflect military active duty service. And there are some types of civilian service that may be documented differently, such as volunteer service in the Peace Corps.

Your SF-50s also dont reflect whether your service is actually creditable towards your retirement eligibility and computation. This should be verified through a human resources specialist at your agency. Sometimes you need to pay a deposit or a redeposit of retirement contributions in order to credit the service. Details regarding creditable civilian service are outlined in Chapter 20 of the Office of Personnel Managements Civil Service Retirement System and Federal Employees Retirement System Handbook.

Personnel actions on your form SF-50s include appointments, separations, placement and return to duty from nonpay status, conversions to permanent appointment from temporary appointments, and other types of pay and position changes. Basic pay changes are documented on these statements as well as your retirement plan and life insurance coverage.

An example of how complicated personnel actions have become can be seen by the retirement coverage code noted in item 30 of your SF-50 (on SF-50s issued before Oct. 1, 1988, its item 8), indicating the type of retirement coverage. Instead of showing simply CSRS or FERS, the form can include a myriad of other letters and numbers indicating such types of coverage as:

One reason its important to know what retirement coverage is on these forms is that errors can creep into the process. This has been especially true since FERS was implemented in 1986. In 1999, the Federal Erroneous Retirement Coverage Corrections Act was enacted to allow employees to correct such errors. This primarily affected people for whom errors caused them to believe they were covered by CSRS rather than FERS. The FERS basic benefit is a little over half that of the CSRS benefit, so FERS employees need to save more for retirement in the Thrift Savings Plan.

If you dont have copies of your SF-50s and youre a current federal employee, you can find the forms in your eOPF. If you recently left your federal job, contact your former agencys personnel office. If its been more than 30 days since you left, you need to contact the FRC. Such requests must be signed and dated, and sent by mail to:

National Archives and Records Administration

Civilian Personnel Records

1411 Boulder Boulevard

Valmeyer, IL 62295

Include your full name, Social Security number, date of birth, and a list of all federal agencies where you were an employeewith addresses and dates of your employment, to the extent you know them.

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Cracking the Retirement Code -

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June 27th, 2020 at 4:49 am

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Sentinel Healthcare extends its COVID-19 tracking system to retirement communities – GeekWire

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The Sentinel Monitor app organizes information about a users symptoms and provides information about the coronavirus pandemic. (GeekWire Photo / Alan Boyle)

As concerns about a resurgence of the coronavirus outbreak are widening, so is the reach of the COVID-19 tracking platform created by Sentinel Healthcare, a Seattle-based medical data startup.

The app-based platform was rolled out three months ago, just as the pandemic was taking hold, and it wasnt long before it was picked up by UT Health Austin in Texas to keep track of the symptoms of quarantined patients.

Weve now contact-traced and diagnosed many, many patients, said Sentinel Healthcare CEO Nirav Shah, a neurologist and the former stroke director at Swedish Hospital in Seattle.

As of this week, about 1,600 of the apps users in Texas have been diagnosed with COVID-19, triggering contact tracing for more than 4,000 people, Shah told GeekWire.

Shah said Sentinel Monitor started registering a spike in the number of cases being diagnosed about two weeks ago. That ended up being borne out, he said. Looking back over the past 10 days weve seen almost a tripling or quadrupling of daily case counts.

Now Sentinel will be putting its platform to the test closer to home.

Today the company announced a partnership with Era Living, which runs eight retirement communities in the Seattle area. Sentinel will support Era Living in testing and monitoring its more than 900 employees and 1,300 residents for COVID-19. Seattle-based Transpara Health will provide logistical and operational support.

Shah noted that some of the first deadly clusters of COVID-19 cases in the U.S. occurred within long-term care facilities, leading off with the Life Care Center in Kirkland, Wash. To head off the spread, residential care facilities are now being required to test their staff and residents for COVID-19 regularly.

Sentinel Monitor can help. Our goal is to be the doctor in the cloud, Shah said. We will be providing the software monitoring oversight for these nursing homes, as well as capturing the lab data.

The system uses a mobile app to collect, store and visualize health data collected from FDA-approved wearable devices. Sentinel analyzes all those data streams, delivers clinical recommendations, and facilitates contact tracing if a COVID-19 case comes to light. The cost of the service is covered through reimbursements from medical insurance as well as federal and state funding.

Sentinel also facilitates dealing with the paperwork that comes with tracking coronavirus cases. What we did in Austin was, anytime theres a diagnosis, the forms are automatically generated for state, county and national entities, Shah said. Those forms have changed many times over the course of the pandemic.

The past few months have brought quite a pivot for Sentinel: Before COVID-19 hit, the 12-employee company was focusing on cardiac care, including methods to monitor blood pressure remotely for signs of hypertension. The rapid rise of the pandemic accelerated Sentinels long-term plan to build systems that track a wider spectrum of symptoms.

COVID helped us build out that infrastructure with a specific disease, but that template works across many other diseases, chronic, acute or otherwise, Shah said. Well be launching other disease categories, which was our core plan for the year.

Shah said getting the data to the right people at health care organizations can be as much of a challenge as collecting the data in the first place. Its not a one-to-one relationship, Shah said. Its not one app to one cloud. Its many people involved.

Sentinel launched in 2018 and raised $2 million in funding last year, led by PSL Ventures, Pioneer Square Labs investment arm. Its latest boost is coming in the form of a strategic investment from Vituity, a California-based health care company specializing in acute-care management and medical staffing services.

The reason why this is pretty fascinating from our perspective is, people arent showing up for urgent care and if thats your business, thats relatively challenging, Shah said. It became a relatively valuable conversation for both of us to think about how we could help provide remote monitoring infrastructure, so that you continue to deliver care another way.

For example, when patients are sent home from the hospital with a condition that needs monitoring, an app-based system can keep track of their symptoms and put them in touch with the right care if a situation arises.

Were trying to build out a remote health care operating system, Shah said. Its exciting and humbling that we get to do it despite being in a pandemic which is the bittersweet part.

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Sentinel Healthcare extends its COVID-19 tracking system to retirement communities - GeekWire

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Centennial Park Retirement Village tells families that staff member has tested positive for COVID-19 – North Platte Telegraph

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A staff member at Centennial Park Retirement Village has tested positive for COVID-19.

The facility told residents and families of the positive test in a letter this week. The person is in quarantine, the letter says. Two phone messages the Telegraph left executive director Julie Skala went unanswered as of Friday evening.

The letter from Skala to residents, families and team members reads:

In the interest of keeping you informed, we were notified today that one of our team members has tested positive for COVID-19. This was confirmed by Acutis Laboratories and verified by the Health Department. This team member is now in quarantined (sic) away from the community and is receiving appropriate medical care and support.

I fully understand your concern for the health and safety of your loved one. While I can confirm that there has been one positive case of COVID-19 in the community, due to state and federal privacy laws and regulations, we are unable to share information about specific residents or team members. We request that everyone please refrain from asking our team members or me for additional details.

Our dedicated caregivers all of whom wear department-of-health-required personal protective equipment (PPE) at all times are actively monitoring residents and staff for signs and symptoms of COVID-19, including conducting regular temperature checks. We will continue to engage with local health officials and follow all appropriate protocols and guidelines to mitigate the spread of the virus.

It is imperative that residents follow CDC guidelines and remain in their apartments. We know this is difficult, especially with the weather getting nicer, but it truly is necessary.

Thank you in advance for your support and understanding as everyone here invests their efforts in caring for you and your loved one. I invite you to go to our COVID-19 response page to see all were doing to prevent the spread of the virus in our community.

I will continue to keep you updated about the status of our community.

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Centennial Park Retirement Village tells families that staff member has tested positive for COVID-19 - North Platte Telegraph

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June 27th, 2020 at 4:49 am

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3 Signs You’re Ready to Retire Now — Even if There’s a Second Wave of COVID-19 – The Motley Fool

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The last few months have been a financial rollercoaster for millions of Americans, to put it mildly. Tens of millions of workers lost their jobs as businesses closed their doors to mitigate the spread of COVID-19, and investors watched their retirement savings take a nosedive.

Older adults nearing retirement age are particularly concerned about the future, with nearly 90% of Americans who are planning on retiring within the next decade saying they're at least slightly worried about the effect the coronavirus pandemic will have on their retirement, according to a recent survey from Personal Capital.

However, this doesn't necessarily mean you're not prepared for retirement. The coronavirus pandemic may not be over just yet, and there's a chance a second wave (and a second stock market crash) could be on the way. But despite these uncertainties, there are a few signs you're ready to retire anyway.

Image source: Getty Images.

Even during strong economic times, it's important to have a healthy retirement fund before you consider retiring. But this is even more vital right now when the stock market is volatile.

If there's a second wave of COVID-19, the stock market could plummet again like it did earlier this year. That means your savings will likely take a hit as well, and you may need to tweak your retirement strategy. If you've barely got enough saved just to scrape by in retirement, a market downturn could wreak havoc on your finances. But when you have a robust stash of savings, you'll be able to weather the storm and still enjoy a comfortable retirement.

An emergency fund is the key to weathering a potential stock market storm. It's not ideal to be withdrawing money from your retirement fund during a market downturn, because that's when stock prices are at their lowest. By selling your investments when stocks are less valuable, you're potentially losing money compared to if you wait to sell until stock prices are higher.

For that reason, it's best to leave as much money as possible in your retirement fund when the market is experiencing a downturn. But you'll need to get money from somewhere, which is where your emergency fund comes into play. When you have a healthy amount of cash stashed in your emergency fund, you can leave your retirement savings alone as much as possible until your investments recover.

Typically, experts recommend saving enough in an emergency fund to cover three to six months' worth of living expenses. But these are not normal times, so it may be wise to save more than that just to be safe.

In general, Social Security benefits are designed to replace around 40% of your pre-retirement income. However, the program is on shaky ground right now, and there could be benefit cuts in the relatively near future.

The trust funds the Social Security Administration (SSA) relies on to pay out benefits are expected to run dry by 2034, according to the SSA Board of Trustees' latest report. At that point, the SSA will need to rely on payroll taxes to fund benefits, and those taxes are only expected to be enough to cover around 76% of future benefits. In other words, benefits could be reduced by roughly 25% by 2034 if Congress doesn't find a solution before then.

COVID-19 could be making matters worse, too. With tens of millions of Americans unemployed, there's less money than usual coming in from payroll taxes. That means the trust funds could be depleted before 2034, and retirees could face benefit cuts sooner than expected. By coming up with a plan for how much you'll depend on Social Security and factoring in potential cuts, you can ensure you won't be over-relying on your monthly checks.

Choosing when to retire is one of the biggest life decisions you'll ever make, so it's not one to be taken lightly. It can be risky to retire during a pandemic, but that doesn't mean it can't be done. If you've done your homework and prepared thoroughly, you can give yourself the best chance at retiring comfortably no matter what the future may hold.

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3 Signs You're Ready to Retire Now -- Even if There's a Second Wave of COVID-19 - The Motley Fool

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This is the best state to retire but you may not want to go there just yet – MarketWatch

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The best state for retirees to live these days is also one many Americans might want to avoid at least for now.

Florida topped the list of the best states for retirees to live, in a recent study from Blacktower Financial Management Group. A quarter of the states population is age 60 or older, and it boasts sandy beaches and warm temperatures. The average home price is $252,000, and life expectancy is just shy of 80 years old there, the analysis found. The sunshine state jumped nine places from where it ranked in 2019.

Florida may be a hotspot for retirees but its also one of the states that has seen a troubling spike in coronavirus cases, the governor confirmed this week. Other states with rising numbers of cases include Oklahoma, Texas, Idaho and South Carolina, according to NPR.

See:Heres exactly where you should retire based on whats important to you

The southern state surpassed 100,000 total COVID-19 cases on Monday, and saw its highest peak in cases since the pandemic first began. More than 98,000 residents tested positive for the virus, and more than 3,000 people died from it. Most patients who recently tested positive were in their 20s and 30s, down from the average age of age 65 a few months ago, the governor said. Overall, the U.S. has had 2.3 million cases, with a slight uptick in the last three weeks.

Minnesota ranked second, followed by Iowa, Ohio and Texas. The remaining top 10 states included Wisconsin, Nebraska, Pennsylvania, Illinois and Idaho. Blacktower analyzed and weighted crime, cost of living, older populations, average property prices and life expectancy to create its ranking.

The worst state to retire was Alaska, which had the highest crime rate, the firm found. Hawaii had the highest life expectancy in the U.S. and Mississippi had the best cost of living for retirees, with its inexpensive food and property prices. West Virginia had the lowest average property prices.

Also see:Hot springs in January, no traffic and universal health care. The best retirement escape youve never heard of

Though rankings can be helpful, these lists are usually only one step in determining where to move for retirement. There is so much to consider when choosing where to retire, such as income and property taxes, proximity to family, as well as lifestyle and entertainment. Another factor is health care, and being close to facilities that cater to specific health concerns.

Some retirees may not want to move to another state, but another country entirely, which comes with its own list of factors to weigh. A few examples: health insurance, off-season weather and earning active or passive income.

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This is the best state to retire but you may not want to go there just yet - MarketWatch

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Rob Gronkowski returns: Ranking the 10 best NFL comebacks out of retirement in history – CBS Sports

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High expectations await Rob Gronkowski as the former All-Pro tight end came out of retirement after one year to join the Tampa Bay Buccaneers -- and reunite with good friend Tom Brady. Gronkowski already has his Hall of Fame resume sealed, but he can add to his legacy as one of the best tight ends to ever play the game with a strong finish in Tampa.

Gronkowski isn't the first high-profile NFL player to be lured out of retirement, and he likely won't be the last. Former NFL greats who returned to the game after officially retiring have typically performed at a high level, even in their mid-to-late 30s. Gronkowski is just 31 years old and still in his prime, so a good season or two may be ahead if he can stay healthy.

These 10 NFL greats didn't need to return to football, but each had reasons to return and played at a high level in their second NFL life. Here are the 10 best NFL returns by players who had retired from the league:

White shockingly returned to the NFL after retiring as a First Team All-Pro and finishing with 16 sacks with the Green Bay Packers in 1998 -- at 36 years old. The Carolina Panthers were looking to bolster their pass rush and lured White out of retirement in 2000, signing him to a five-year deal.

White finished with a career-low 5.5 sacks, even though he started all 16 games at 38 years old. Not bad considering he signed in late July, when Panthers training camp was set to begin. He actually finished second on the team in sacks.

White retired for good after the season as the NFL's all-time sacks leader with 198 (which Bruce Smith surpassed in 2003).

Shocking the NFL by retiring in his prime, Williams had tested positive for marijuana for a second time and was facing a four-game suspension. Using the time to "find himself," Williams studied Ayurveda, an ancient Indian system of holistic medicine, for a year before deciding to return.

Williams started just three games in his first season back in 2005 with the Dolphins, rushing for 743 yards and six touchdowns in 12 games. He failed a drug test for a fourth time, and was suspended for the entire 2006 season -- playing for the CFL's Toronto Argonauts to stay in football shape.

Williams rushed for 1,121 yards and 11 touchdowns in 2009 at the age of 32 (despite only starting seven games). After a 2007 season which he had to apply for reinstatement to the league, Williams didn't miss a game in the last four years of his career.

He rushed for 3,655 yards and 25 touchdowns in the six seasons following his retirement. Williams wasn't the same player that took over the league in his first five seasons.

Harrison initially retired with the Pittsburgh Steelers at 36 years old in 2014, but wasn't away from the NFL for long. Thanks to injuries piling up on the Steelers defense, Harrison was lured out of retirement weeks later. He started just four games, but finished with 5.5 sacks and 14 quarterback hits in 11 games.

Harrison never made a Pro Bowl in the four years after his return, even though he was the emotional leader on the Steelers defense. He recorded 15.5 sacks and 38 quarterback hits with two interceptions in a part-time role with Pittsburgh the first three seasons back, all in his late 30s.

The Steelers played Harrison just 29 snaps in the first 12 games of the 2017 season, leading to his release in December of that year. The 39-year-old Harrison signed a contract with the Steelers arch-rival, the New England Patriots, days later and had two sacks in his first game with the team, a Week 17 win over the New York Jets.

Harrison started Super Bowl LII and played 91% of the snaps, finishing with two quarterback hits against the Philadelphia Eagles. He retired after the 2017 season, recording 17.5 sacks and 42 quarterback hits since returning at 36 years old.

Hard to believe Sanders played at a high level at 37 years old, missing three seasons after retiring from the NFL in 2000. Sanders still had an itch to play and something to prove. Sanders actually was claimed off waivers by the San Diego Chargers in 2002 when Washington released him from the reserve/retired list, but it was too late for him to be activated so he never played a game for the franchise.

Ray Lewis helped lure Sanders out of retirement in 2004 when he signed with the Baltimore Ravens, playing the slot after a decade as one of the best outside cornerbacks in the game. Sanders played in just nine games his first season back, but finished with three interceptions and had five passes defensed. He also returned an interception 48 yards for a touchdown in Week 7 against the Buffalo Bills, tying Ken Houston and Aeneas Williams for second place in interception returns for touchdowns in league history.

Sanders played two years in Baltimore, finishing with five interceptions and 10 passes defensed in 25 games, retiring for good at 38. There aren't many cornerbacks who played well in their late 30s, but Sanders was one of them.

Hard to make a top 10 list without mentioning Cunningham's massive return to the NFL. After the Philadelphia Eagles released Cunningham and the St. Louis Rams failed to sign him, Cunningham walked away from the game at 33.

Cunningham, who was a studio analyst for TNT and ran a granite business, signed with the Minnesota Vikings in 1997 as Dennis Green needed a backup quarterback. The former Bert Bell award winner had plenty of game left in him. Cunningham earned the starting job in Week 15 of the 1997 season and led the Vikings to a thrilling 23-22 overtime win over the New York Giants in the NFC Wild Card round, conducting two late scoring drives in the win.

The 1998 season was Cunningham's best in the NFL, as he threw for 3,704 yards and 34 touchdowns to just 10 interceptions to lead the Vikings to a 15-1 record. Cunningham threw four touchdown passes in four separate games and led the NFL with a 106.0 passer rating, earning First Team All-Pro honors at the age of 35. He threw for 505 yards and five touchdowns in two playoff games, but the Vikings were shocked in overtime by the Atlanta Falcons in the NFC Championship Game, thanks to a missed 38-yard field goal by Gary Anderson -- who hadn't missed a kick all year.

Cunningham never recaptured that 1998 magic and lost his starting job in 1999, but played three more years as a backup quarterback. He signed a one-day contract to retire with the Eagles in 2002. Cunningham threw for 7,102 yards and 57 touchdowns to 29 interceptions following his return.

Ed "Too Tall" Jones retired from the NFL at 28 after the 1978 season to pursue a boxing career. He actually went unbeaten in his six fights, but wasn't considered a true heavyweight contender. Jones returned to the Dallas Cowboys in 1980 with his best years ahead of him.

Boxing made Jones a better football player, as the Cowboys legend made three Pro Bowls and was a First Team All-Pro selection once in the 10 seasons after his return. Sacks weren't an official stat until 1982, but Jones recorded 57.5 of them in the eight seasons they were official -- all after the age of 31. Jones missed just one game since returning to football and finished with 13 sacks in 1985 and 10 sacks in 1987 (at the age of 36).

Somehow Jones isn't in the Cowboys "Ring of Honor" nor the Hall of Fame. He should be in both.

Nagurski took five seasons off before returning to the game in 1943, at the age of 35. The Bears were short of football players due to World War II, so Nagurski decided to come back as a tackle (he played fullback in his first eight seasons with Chicago).

The Bears were trailing in a must-win game late in the season against the Chicago Cardinals, so they moved Nagurski back to fullback. Nagurski scored a touchdown to put the Bears within one score in the fourth quarter, as Chicago scored 21 unanswered points in the final quarter to send the Bears to the NFL Championship Game.

Nagurski scored on a 3-yard run to give Chicago the lead for good in the title game, finishing with 11 carries for 34 yards and a score in a 41-21 victory. Nagurski went out on top after being away from the game for half a decade, one of the best returns in league history.

Favre actually retired twice, in 2008 with the Green Bay Packers and in 2009 with the New York Jets -- two of the weirdest sagas in NFL history.

His decision to retire the first time came after Favre made a Pro Bowl at the age of 38 and he led the Green Bay Packers to the NFC Championship Game in that same season (2007). Shortly after announcing his retirement, Favre decided to return that summer.

The Packers moved on from Favre and traded him to the New York Jets, where he led the league with 22 interceptions, but made the Pro Bowl. Favre completed 65.7% of his passes and threw for 3,472 yards and 22 touchdowns as the Jets collapsed from an 8-3 start to finish 9-7 and miss the playoffs. Favre played with a torn biceps tendon in his right shoulder the final month of that season.

Shortly after the Jets' season ended, Favre retired again, only to come back and quarterback the Minnesota Vikings in August of 2009. He had arguably the best season of his career at age 40, completing 68.4% of his passes while throwing for 4,202 yards and 33 touchdowns to just seven interceptions (107.2 passer rating).

The Vikings reached the NFC Championship Game as Favre took the eventual Super Bowl championNew Orleans Saintsto overtime. Favre played one more season in Minnesota before retiring for good at age 41. He started 321 straight games at quarterback (regular season and postseason) and did not miss a game until his final season.

Favre played his best football into his 40s with a shortened offseason, adding to his legendary career.

Whether Riggins actually retired from the NFL is up for debate, but the Washington Redskins actually did place him on the retired list in 1980. Riggins wanted to renegotiate his $300,000-per-year deal with the Redskins, but the team refused. Riggins left camp that season and the team placed him on the camp-retired list, preventing him from going to another organization.

New Redskins head coach Joe Gibbs wanted Riggins back and gave him a peace offering. Riggins asked for a no-trade clause in his contract, and the Redskins obliged.

Riggins returned at 32 years old, and he was dominant into his mid 30s. Riggins rushed for 4,530 yards and 62 touchdowns in five seasons, having two 1,000-yard seasons and leading the league in touchdowns twice (including a staggering 24 in 1983 at the age of 34). His finest performance came in Super Bowl XVII, rushing 38 times for 166 yards and a touchdown -- a 43-yard run on fourth-and-1 that gave the Redskins the lead for good and became one of the most iconic plays in NFL history.

Those final five years made Riggins a Hall of Famer, capped with a Super Bowl MVP award and a single-season touchdown record that stood for 12 years.

Graham retired from the NFL after the 1954 season, after the Cleveland Browns crushed the Detroit Lions 56-10 in the NFL Championship Game. Head coach Paul Brown begged Graham to return after his replacement quarterbacks struggled in the 1955 preseason.

Graham returned and had one of his finest seasons at 33 years old, leading the league in completion percentage (53.1), yards per attempt (9.3) and passer rating (94.0), throwing for 1,721 yards and 15 touchdowns as the Browns returned to the NFL Championship Game. He also was the UPI MVP and a First Team All-Pro.

Graham threw for two touchdowns and rushed for two touchdowns as the Browns crushed the Los Angeles Rams 38-14 in the title game. He walked off the field with his seventh pro football championship in his 10 seasons (three in NFL, four in All-American Football Conference) -- making a championship game in all 10 seasons he played professional football.

Not only did Graham leave a champion, but he had the best post-retirement comeback of all time.

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Rob Gronkowski returns: Ranking the 10 best NFL comebacks out of retirement in history - CBS Sports

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June 27th, 2020 at 4:49 am

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Nurse Dies Of Coronavirus In Telangana 4 Days Before Retirement – NDTV

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The woman had been on medical leave, but rejoined work due to the staff crunch. (Representational)

A head nurse of the Government General and Chest Hospital in Hyderabad died after testing positive from Covid-19. The senior nurse, who was set to retire by the end of June, was admitted to Gandhi Hospital in a critical condition.

Gandhi Hospital's Dr Prabhakar Reddy told ANI, "A head nurse working at Government General and Chest Hospital, was admitted at Gandhi Hospital after she tested positive for Covid-19 and was also a diabetic. Two days back, she was put on the ventilator, but could not recover. She passed away on Friday morning."

Telangana Governor Dr Tamilisai Soundararajan has expressed her condolences over the death. This is for the first time in Hyderabad that a senior nurse has died due to COVID-19 disease.

The woman had been on medical leave, but rejoined work due to the staff crunch. She developed a fever and tested positive for the disease. The woman was posted to a Covid ward and may have have been exposed to the virus, sources said.

Earlier, two staffers in the superintendent's office at Gandhi Hospital also tested positive.

The state on Friday reported 985 new coronaviruscases, taking the overall state tally to 12,349. The state health department informed that out of the total cases, there are 7,436 active cases currently in the state.

As many as 78 patients were discharged on Friday, taking the number of discharged patients to 4,766. With seven deaths due to coronavirusreported in the state on the same day, the number of deaths stood at 237.

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Nurse Dies Of Coronavirus In Telangana 4 Days Before Retirement - NDTV

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June 27th, 2020 at 4:49 am

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Sherry Margolis announces retirement from Fox 2: ‘It just felt like the right time’ – The Detroit News

Posted: at 4:49 am

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Emmy-winning news anchor Sherry Margolis will sign off next week, ending a run of more than 35 years at WJBK-TV (Channel 2) and giving herself a chance to make up for a lingering regret.

Margolis, a favorite in the newsroom who has worked virtually every shift, currently anchors weekdays at 11 a.m. and 5:30 p.m. Her last day will likely be Tuesday or Wednesday.

Fox 2's Sherry Margolis announced on Wednesday that she is retiring after 35 years as an anchor at the station.(Photo: Sherry Zaslow)

Raised in Buffalo, New York, Margolis was in her last semester of graduate school there when she landed her first reporting job at the local ABC affiliate.

"That's my biggest regret not finishing my degree," she said. "That, and never learning to play the piano ... which maybe I'll do now."

Margolis made the announcement remotely Wednesday during a segment with anchors Huel Perkins and Monica Gayle.

"If not for this damn virus, we would be hugging you right now. But know that you are forever in our hearts," Perkins said.

Margolis, who came to the station as a reporter and anchor in September 1984, told The Detroit News she had planned to retire at the end of 2020.

"With the whole COVID-19 thing and working at home, it just seemed like a good idea to move that up," she said. Margolis has three daughters to visit out of state and an elderly mother still in Buffalo, and "it just felt like the right time."

Perkins, who shared an office and the noon newscast with Margolis when he arrived in Detroit 31 years ago, said he was shocked when he learned of her plans, "but also happy that she's leaving for the best of reasons on her own terms."

"She is so beloved not just by viewers, but also at the station," Perkins said. "Everybody respects her and looks up to her as an example of how we should all conduct our lives."

Along with anchoring newscasts, Margolis has helped craft such special projects as the annual "Tribute to Our Troops" on Veterans Day, the "Holiday Connection" series on impactful community groups, and "Still Standing," a series of profiles of people who have triumphed after tragedy.

Sherry Margolis announced her retirement from Fox 2 on Wednesday after 35 years with the station.(Photo: WJBK-TV)

Margolis experienced a tragedy of her own in February 2012 when her husband, journalist and bestselling author Jeffrey Zaslow, died in an automobile accident on his way back from a book signing in Northern Michigan.

They had met at a party in Orlando, Florida, when she was still working in Buffalo. She was the only newscaster in a roomful of print reporters, and he was being somewhat scathing but funny about TV news.

They reconnected at a wedding three years later, and it was love at second sight.

"Having lost Jeff," Perkins said, she wanted to leave when she still had years to devote to the people she loves.

Margolis' other immediate plans, she said, involve maintaining social distancing and pondering what will come after that need dissipates.

"I think I'd like to write a book," she said, most likely non-fiction. "I'd love to take classes. Consulting. All kinds of things."

Whatever she does, she said, she will do it here. Some retirees might flee to places where winter only lasts a week, but she remembers snow so deep in Buffalo that she crossed parking lots by stepping across the tops of cars.

Michigan weather does not intimidate her, she said and after 3 decades, Detroit holds one of the increasingly crucial warm spots in her heart.

Twitter: nealrubin_dn

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June 27th, 2020 at 4:49 am

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The stock market is crashing and we’re in a recession. Can I still retire? – USA TODAY

Posted: April 21, 2020 at 3:48 pm

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Peter Dunn, Special to USA TODAY Published 7:40 a.m. ET April 21, 2020 | Updated 2:59 p.m. ET April 21, 2020

The coronavirus (COVID-19) is impacting the global economy and raising fears of a recession. What causes a recession and what are the signs? USA TODAY

Dear Pete,

I had planned on retiring from my job this October after 42 years in the workforce. But with all this stock market crash and recession stuff, Im not sure I can or should. I live alone, currently bring home $4,100 a month, and I have $452,000 in my 401(k) (even after the crash). I havent filed for social security yet, but Ill receive about $2,500 a month. Ill be 67 when I file. I dont have too many bills, and we only spend about $3,000 a month. I think I can make it work, but Im just nervous about leaving the workforce with all the unknowns.


Kansas City

Answer: Your apprehension is understandable. To attempt to retire in one of the most challenging financial environments in a century is undoubtedly harrowing, but based on the situation you described, you might just be the type of person to pull it off without a hitch.

To understand why youre likely to be successful, you first must understand what typically compromises a retirement plan.

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There are four circumstances that will typically ruin a retirement strategy before its even rolled out.

The good news is I dont think youre vulnerable to any of the four culprits.

(Photo: Getty Images)

Retirement and COVID-19: Retirement planning during coronavirus pandemic: Here's what to watch for

Don't downsize: More baby boomers stay in their homes as they reach retirement, skipping downsizing

Becauseyoure older than 65, you wont be forced to come up with an alternative health insurance strategy, which typically puts a strain on the retirement finances of those who retire prior to age 65. This remains a problem until they become eligible for Medicare at 65. Fortunately, youve avoided this very expensive period of time. Additionally, at67 youll be able to claim your full Social Security retirement benefit, as opposed to accepting a reduced amount at a youngerage.

The second circumstance youve avoided is an expensive lifestyle. As it stands now, you only live on about 73% of your take-home pay. Thats phenomenal and is arguably the primary reason you will be able to successfully retire in October. A successful retirement is rarely defined by having a lotof money. Its usually determined by not needing a lot of it. Thats you.

The next factortripping up many retirees is the percentage of money needed from non-fixed income sources. In other words, if your fixed-income sources (Social Security, pension, etc.) arent enough to fully fund your retirement, youd at least like them to be a high percentage of your income. Per your numbers, 83% of your initial retirement income needs will come from a fixed source (Social Security). That means youll only need your assets to fund the remaining 17%, which in your case is $500 a month.

The final circumstance which can ruin a retirement before it begins is the percentage of total assets required to support your lifestyle afteryour working years end. For years, financial experts warned people to not withdraw more than 4% of their total assets, in order to ensure their money will last throughout retirement. That "four percent rule certainly has its flaws, but its still a decent litmus test. By your account, you only need $500 a month from your nest egg, which is only 0.6% of your assets.

Robert, I think you can retire in October, and do so in peace. Between now and then, make sure your 401(k) is properly allocated, and continue to maintain that $3,000-a-month lifestyle. If you havent already, make an appointment with a financial planner sooner rather than later, and they can chart your specific strategy going forward.

Congratulations on creating a sustainable retirement strategy. Your discipline and diligence made it happen. Allow me to be the first to wish you an (early) happy retirement.

Peter Dunn is an author, speaker and radio host, and he has a free podcast: "Million Dollar Plan." Have a question for Pete the Planner? Email him at The views and opinions expressed in this column are the authors and do not necessarily reflect those of USA TODAY.

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