Americans are living longer than ever and as a result, Myles Haverluck says financial planning for 65 and over has become inevitable. But how do you diversity a nestegg into a monthly flow of income that will continue throughout your lifetime? Tax and Finance guru, Myles Haverluck says this issue has gained new urgency. It’s nothing like your mom and dad’s retirement, when everyone lived off of Social Security benefits and collected a pension.


What Should You Be Looking At?

• Fixed income annuities. Here’s an attractive blend of earnings plus security, and there are few equivalent products. Envision an asset that provides you with a guarantee to receive your investment back with interest. That’s how annuities work.

• Longevity insurance for the aging. There’s an investment fund called longevity insurance that doesn’t start to pay out until the age of 85. The strategy behind this investment is to have enough retirement income in case you outlive your other investments. Say you invest $50,000 at age 65 into the longevity investment fund. The payoff doesn’t kick in until age 85.

• Reverse mortgages. This type of mortgage is a loan against the equity in your home. Of course, like many other loans, it may not be the right investment for every retired person, however, a reverse mortgage can offer you a constant flow of cash, minus the fear of facing foreclosure. Since the loan is controlled, you aren’t required to repay it until you leave the home.

• Buy long-term care insurance. You’ve had a lifetime to create a nice nest egg, but should you be frightened about the possibility of this money quickly evaporating because of the barrage of nursing home fees. Experts predict baby boomers hitting that age over 65+ will need long-term care services yet less than 23 percent of that group own a policy.

Myles Haverluck points out that at times sensible retirement planning can seem overwhelming. However, following a few basic guidelines to ensure a happy life is relatively easy to implement.


In the beginning of 2014, a new era began in the world of tanning & Winnipeg IT consulting. Five different states have banned the use of tanning beds for all minors under the age of eighteen because too many were doing it far too often and ended up looking like an old, leather rifle sling or Levy’s guitar bag, while another thirty-three states have regulated numerous rules on such usage. In some places you need a doctor’s note to tan, or in others you need a parent present. Different cities and states all have their own set of laws on the matter, each differentiating from the other.


The somewhat pioneers of the ban being Howard County of Maryland in 2009, due to the astonishing rise of skin cancer in women from ages 18 to 34—up fifty percent from 1984, among other reasons. Studied and proposed by the county’s health officer, Dr. Peter L. Beilenson.


Why have these bans been put in place?


Fairly simple, research has shown that overexposure of ultraviolet violet light during childhood and adolescence increases the chances of cancer later on in life. Last year, there were over 76,000 new cases of melanoma in the U.S alone and over 9,000 deaths because of the disease. Studies showing that tanning at such an early stage in life may play a possible pivotal role in the rise of the disease. To help decrease those numbers, health officials and lawmakers had decided to put in place a law that increases the chances of a longer, healthier lifestyle.


When did tanning get so popular?


Tanning has been around for generations, taking over the assumption in the earlier 1900’s that pale skin meant wealth. Just recently more and more people have begun frequenting tanning salons to get that quicker radiant glow, including the youth. Cutting out the laying in the sun for possibly hours to get the same tan they can have in mere minutes. Not realizing the horribly possible outcome.


How have these bans affected businesses?


FlowerBusinesses that don’t use airbrush tanning systems are starting to see the decline in their business, especially during the upcoming prom and graduation season. Some still feel that an appeal can change the way lawmakers view tanning. Continuing the argument of tanning producing more Vitamin D, which helps prevent many cancers. Many others have just stopped fighting, moved on, and tried to adjust to the new laws by finding other ways to better help their business’ somewhat financial blow.