That unfortunate circumstance is where Mr. Richard finds himself. Not only did he retire less than a year ago, but he also practices lean FIRE generally defined as a net worth of between $500,000 and $1 million (as opposed to the $1 million and greater many accumulate before firing).

And with the current travel restrictions, Mr. Richard and others cant live in a cheap foreign country, a common FIRE tactic known as geographic arbitrage. In Bali, for instance, he and his girlfriend were staying in a lovely guesthouse with a pool, minutes from the beach, he said, for less than $800 a month. Who knows when he can get back?

Still, he had his own lucky timing: He sold a portion of his investments in February, at the peak, earnings he will live on until the market comes back. And if the market continues to go down, Mr. Richard said, I wouldnt be opposed to picking up part-time or freelance work. Financial independence, to me, gave me the freedom to leave my corporate job to pursue things Im passionate about. Its not about never doing anything to earn money again.

For Mr. Adeney, the current moment is a test of the principles of financial independence. For years, he has taught his fellow Mustachians to not be reliant on a job, to live modestly, to squirrel away an emergency fund, to invest in the stock market consistently over the long term. And he has been reassuring his followers on his blog that those practices can offer psychological comfort, now more than ever.

This is a happier way to live whether you are in an economic boom or a deep recession, Mr. Adeney wrote in an email. But its biggest moment of strength is at times like this.

He added, This could all be misinterpreted as smugness, but I dont intend it that way. My hope is that by being self-sufficient ourselves, we are in a better position to help out other people who really need it.

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They All Retired Before They Hit 40. Then This Happened. - The New York Times

The COVID-19 crisis has sent the stock market on a wild ride, so much so that it plunged into bear market territory. More recently, we saw some recovery, but it's certainly too soon to declare that the bear market is over and a bull market is under way.

All of this volatility is enough to drive even the most seasoned investors crazy. But it can be especially tough on near-retirees, who may, at this very moment, find themselves wondering whether leaving the workforce in the near term is possible given what's going on.

Of course, anyone planning to retire in the next month or so would be wise to consider postponing that milestone to let the stock market make a full recovery. But is retiring in a year from now still on the table?

IMAGE SOURCE: GETTY IMAGES.

Bear markets can easily last a year or longer, but that doesn't always happen. The shortest bear market on record for the S&P 500, for example, lasted less than three months back in 1990.

Whether the stock market recovers quickly or not from its COVID-19-related losses will likely hinge on the course the greater crisis takes and the extent to which the U.S. economy remains largely shut down. Investors who don't need their money for many years really shouldn't sweat the current situation eventual recovery is likely based on the stock market's history, and anyone who avoids liquidating investments when they're down avoids losses.

Retirees, on the other hand, don't necessarily have the luxury to sit back and wait, nor do those who intend to leave their jobs very soon. If your portfolio is invested heavily in stocks, and you're hoping to leave the workforce in the very near future, cashing out some investments and locking in losses is a real possibility unless you have a large chunk of your savings in cash (which is a smart move when you're very close to retirement). As such, it might really pay to postpone retirement if your goal is to end your career anytime within the next few months.

Retiring in a year from now, on the other hand, may still be on the table. The stock market could very well recover fully by then, and even if it doesn't completely recoup its recent losses, if you have enough of your portfolio in cash, or enough of an income stream to avoid tapping your 401(k) or IRA early on in retirement (say, you can get by between Social Security and some money from a pension), you can protect your portfolio while also paying your living expenses.

As such, you don't need to write off the idea of retiring in about a year -- but don't get your heart set on it, either. Rather, be flexible. A lot can happen in a year's time when it comes to market movement, so if you're hoping to retire around 12 months from now, keep performing well at your job, maintaining your professional skills, and making smart financial choices. In other words, hope for the best, but also, prepare for the possibility that you may need to tweak your plans to protect your long-term financial interests.

Original post:
Is Retiring in a Year From Now Still Possible? - The Motley Fool

04/05/2020 5:08 p.m.

A popular retirement living community on Long Island said another resident has died in connection to the novel coronavirus (COVID-19) pandemic, bringing the total number of deaths there to nine.

Peconic Landing, in Greenport, says the most recent death, the first reported in the month of April,was a 98-year-old woman who was at the Shores for Skilled Nursing in the village.

The woman tested positive for COVID-19 on Thursday, March 19, and died on Saturday, April 4 while receiving care at Peconic Landing. She had known pre-existing conditions.

"We extend our heartfelt condolences to those she leaves behind,"said Robert J. Syron, president and CEO. "The Peconic Landing family is thinking of you during this time of sadness."

Currently, there are seven residents and seven employees who have tested positive for the virus, officials said.

The first diagnosis at the retirement community was on Tuesday, March 10 in a per-diem employee who had unknowingly been exposed to the virus, the center said.

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COVID-19: Ninth Death Reported At Long Island Retirement Facility - Rutherford Daily Voice

Longtime Boothbay Harbor Police Department administrative assistant Maureen Smith has retired and Chief Bob Hasch thanked her and posted best wishes on your next adventure on the departments Facebook page this past week.

Smith, who worked the past 19 years at the BHPD, has in the law enforcement and public safety field for a total of 33 years. She was a communications officer for Lincoln County and was an administrative assistant at another police department.

She has also been a stout volunteer for various charities, namely Special Olympics Maine and Camp Postcard, a camp that provides a chance for children to interact with law enforcement at a summer camp.

According to the BHPD Facebook page, In 2018 Maureen was awarded the prestigious Bob Bell award. This is the highest award given to Maine Law Enforcement personnel who have gone above and beyond the call of duty for Special Olympics Maine. Her work organizing our Midcoast section of the Special Olympics torch run is well known and she is always present to find volunteer officers, and to keep them on schedule.

Hasch wrote in the post: Maureen we will always be your people. Our enduring thanks for your many years of service and steadfast loyalty to the people of our region, and to your chosen profession. You served proudly with honor and dignity, and with a little sense of humor thrown in there, too.

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BHPD wishes administrative assistant Mauren Smith well in retirement - Boothbay Register

I couldnt stand by and watch. The coronavirus is an ugly beast. People are really sick. Its all very demanding, we must try to stay close to them until the epidemic passes. Facing so much pain, a doctor cannot be insensitive to the wave of need emerging from hospitals. . . . And so, after three months of retirement, after a life of curing patients, I decided to go back to the beds of the wards and the emergency rooms clogged with people with the virus.

These words, from a physician in Perugia, are echoed by numerous other medical figures in Italy, where many have come out of retirement during the crisis to embrace theteaching of Hippocrates to help the sick according to my ability and judgment. Last month, over 7,000 doctorsincluding the retiredresponded en masse to the Italian governments call for help. Their voluntarism embodies the idea of a doctor as a Hippocratic servant and guardian of life, from the first to the last moment. Theyre at the service of the person, so that life is taken care of in every situation and in its harmonious totality, even when a patient faces little hope of a cure, as is true of too many nowespecially the old and those with underlying health problems.

By early April, more than 70 Italian doctors, many of them retirees who returned to service, had died battling Covid-19. Their sacrifice calls to mind not only Hippocratesbut also the Gospel of Lukes Good Samaritan, who acts with compassion when in direct contact with the stricken.

The physician Alberto Malliani once beautifully observed: Medicine is not only a science, but a complex discipline with scientific bases which has as its object both man as biology and man as expressive of the human condition. . . . A doctor can ignore neither the differences that exist between the effects of carbon monoxide and carbon dioxide, nor the thousand faces of human suffering. That is, the doctor should think vertically.

This truth reflects the deepest meaning of the medical profession. Italys medical warriors have exemplified this devotion to patients.

Flavio Felice is full professor, history of political doctrines, at Umanistic, Social and Training Sciences Department (SUSeF) of the University of Molise. He is chief editor of the scientific journal Prospettiva Persona, president of the Tocqueville-Acton Centre for Studies and Research in Milan, and author of The Limits of People: Democracy and Political Authority in Luigi Sturzos Thought (2020) and Poisoned Democracy (2018). Mario Timio is a former professor of cardiology at a teaching hospital in Foligno, Italy.

Photo by Antonio Masiello/Getty Images

Read more from the original source:
Italy's Retired Doctors Are Risking Their Lives To Battle Covid-19 - City Journal

Boeing Co. BA, +19.47% is offering buyout and early retirement packages to employees as it works to combat the impact on its business of the coronavirus that causes COVID-19 that has grounded airlines around the world and decreased demand for new planes, according to media reports Thursday. The aerospace giant announced the plan in a memo to employees from Chief Executive Dave Calhoun, according to CNBC. "It's important we start adjusting to our new reality now," he wrote, said the CNBC report. Boeing has about 151,000 employees, roughly half of whom are based around Seattle's Puget Sound region. The company has called on the federal government to bail it out with a $60 billion package. The company was struggling before the virus outbreak with the fallout from the grounding of its 737 Max fleet, following two fatal crashes. Job cuts may complicate the company's efforts to get bailout money, however. Boeing shares were up 2.6% premarket but have fallen 60% in 2020 to date, while the Dow Jones Industrial Average DJIA, +7.73% has fallen 27% and the S&P 500 SPX, +7.03% has fallen 24%.

Read more:
Boeing is offering buyout and early retirement packages as it works to combat COVID-19 impact: reports - MarketWatch

Manu may have retired from basketball, but his name is still making sports headlines. While many sports are shut down due to the coronavirus pandemic, horse racing is still taking place in Arkansas.

And believe it or not, there is a racing horse that has been named in honor of the Argentinian basketball star. He, the horse, made a trip from his California home to Hot Springs, Arkansas for a race last night. Interestingly, a horse named for Rafael Nadal is also making the rounds on the tracks.

Unfortunately. Ginobili came in fifth for his race.

So, for now, Manu is still the winningest of Ginobili named athletes.

Welcome to the Thread. Join in the conversation, start your own discussion, and share your thoughts. This is the Spurs community, your Spurs community. Thanks for being here.

Our community guidelines apply which should remind everyone to be cool, avoid personal attacks, not to troll and to watch the language.

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The Ginobili name still winning after the retirement of the Spurs legendary guard - Pounding The Rock

THE UNDERTAKER hinted it could be all over with a cryptic social media post after Wrestlemania 36 suggesting he could be set to retire.

After his victory over AJ Styles at the weekend, many thought the American could call time on his wrestling career.

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And now it looks increasingly likely that will be the end of The Undertaker.

The 55-year-old took to social media to share a photo of him in deep thought at the scene of his latest fight.

He wrote: "It was a hell of a ride! #BoneyardMatch #WrestleMania #30years"

And many were convinced that was the sign it was all over.

One commented: "Thank you for everything."

Another said: "Oh c*** I think he's done."

A third added: "What a way to go out. Congratulations."

One went with: "Wait... is this the end? If so, thank you for everything - you are the Greatest of All Time. No one comes close to you."

Another typed: "55 YEARS OLD AND STILL PUTTING ON CLASSICS. That was an amazing match and if its your last, I thank you for all the memories!! But Id love to see you end it all next year with the crowd at Mania."

And a final user replied: "Im so proud of you even if this is your last match ever you will always be my favorite whether it would be the American bad a** or the dead man you are number one in my opinion #ThankyouTaker."

In scenes not dissimilar to a horror movie, Taker took on Styles in the BoneYard.

And he sealed the Mania win by climbing into a digger and pouring dirt all over Styles before mounting his motorbike and riding off.

The Undertaker - actually called Mark William Calaway - joined WWE in 1990, hence the "#30years" in his tweet.

Live Blog

He has hinted at retiring many times since the late 90s but each time has convinced himself to step back in to the show.

Calaway has had his fair share of injuries over his career and required surgery on plenty of occasions.

There was even a rumour that he had died in 2014 but that proved to be a hoax.

Originally posted here:
The Undertaker hints at retirement aged 55 with cryptic hell of a ride tweet after Wrestlemania 36 - The Sun

Nurse Shelly McHugh has come out of retirement to return to the IWK Health Centre to help fight the COVID-19 crisis.

Two weeks ago Shelly McHugh was anxious, as any nurse would be, coming out of retirement in the midst of the COVID-19 crisis.

So, on her first day, she took the long way, around the Bedford Basin, from her home into the IWK Health Centre, as she always did when reflection was required.

I didnt know what I was going to be doing, the 61-year-old told me Sunday.

All this woman, who graduated from nursing school in 1980, knew was that she would be contributing and helping, which was enough.

Thats why, two years after her retirement, she applied for and received a four-month conditional nursing licence.

Thats why, four days a week, she now leaves her Bedford home and heads back to the IWK, where her last full-time job was clinical director of the Perinatal Follow-up Centre.

Signing on, McHugh said yes when asked if she would be willing to go into the assessment unit and take swabs testing for the virus.

Instead, on the first day of first duty, she was deployed to the IWKs occupational health arm, which oversees employee wellness at the regions biggest pediatric hospital.

Its not the front lines, she stresses.

McHugh emphasizes that shes not doing the heavy-lifting like the nurses, doctors, cleaners, respiratory therapists and other staffers at the IWK, long-term care facilities and throughout the health-care system, along with everyone else going head-to-head with COVID-19.

Theyre the heroes, she said.

But what she and three other retired nurses in the IWKs occupational health department do dealing with the health concerns of the hospitals employees is critical.

Experts tell us over and over again that if our health-care providers get ill, our ability to flatten the curve diminishes, and chances of our whole health-care system being overwhelmed by this plague increase.

Its like a great big puzzle, said McHugh whose hobby is actually putting together huge, 1,000-piece jigsaw puzzles. And were all a piece in it.

She seemed predestined for this moment.

Growing up in northern New Brunswick, she heeded the words of her miner father who said that he always wanted a nurse in the family.

Outside of a short stint in London, Ont., when her husband Ed was studying at the University of Western Ontario, shes been a nurse in the Halifax area, almost all of it at the IWK, including nearly two decades in the neonatal intensive care unit.

When she retired two years ago it wasnt to put her feet up.

McHughs nursing training came in handy during a grim run of family-related illness that included the death of her father-in-law, her own dads dementia and a sister-in-laws cancer treatment.

Coming out of the other end of that she thought that maybe shed take another nursing job, or perhaps try something new altogether.

Then this came along, she said.

All those years in the neonatal unit taught McHugh a thing or two about hand washing and wiping down high-risk surfaces.

Their workplace is cut off from the working part of the hospital. Social-distancing is practised in her office, which is down the hall from her occupational health managers. She and her colleagues, who are known as the seasoned nurses deals with health-related questions over the phone, rather than in person.

Nevertheless, entering in the door at home after work, McHugh takes off all her clothes and throws them in a laundry basket. Then she immediately heads for the shower.

Last Friday she had a bit of a scare, a sore throat that turned out to be nothing.

But shes not going to lie: its tiring. Shes 61 and doing something shes never done before.

The calls never seem to stop hundreds, in seems, during every eight-hour shift even if the tone of most of them is downright inspirational.

They just want to know when they can get back to work, she said.

McHugh will go where they need her.

Her area of expertise, neonatal, is limited. But to fight COVID-19. team nursing units are being struck which she could be a part of.

The likelihood of her joining the IWKs assessment unit is probably pretty slim. But you can learn pretty quickly how to take a swab, she said.

By which she means that if sheis needed there, well McHugh is fine with that too.

Here is the original post:
JOHN DeMONT: Nurse comes out of retirement to join the war on COVID-19 - TheChronicleHerald.ca

The letter, obtained by The Forum, outlines the steps being taken at Riverview Place at 5300 12th St. S., Fargo, to prevent the spread of COVID-19.

The illness, caused by a highly contagious novel coronavirus, is sweeping the globe and has no vaccine or proven treatment.

Riverview Place is owned by Catholic Health Initiatives, which has retirement communities in seven states, including North Dakota. Its letter states, in part:

To ensure the health of our residents and employees, the state health department has recommended each of our residents, staff and contractors be tested for COVID-19 and that test results would be returned within approximately 24 hours.

Its not clear when the testing will take place, or if it already has. The letter, dated March 30, stated that tests would happen this afternoon, although a family member of a resident there told The Forum their loved one had not yet been tested.

Catholic Health Initiatives had not responded to a request for comment as of 7:30 p.m. Monday.

In addition, the letter stated that because of the positive test result from last week, Riverview would be placed under quarantine for the next 14 days, and residents should continue sheltering in their apartments.

The first person who died in North Dakota from COVID-19 was a resident of Riverview Place, along with his wife.

Roger Lehne, 93, a Navy veteran and educator, declined to be put on a ventilator, possibly to save it for another patient, his niece said Saturday, March 28.

Lehne died Thursday at the Veterans Affairs Hospital in Fargo. His 84-year-old wife, Teresa, has also been diagnosed with COVID-19 and has been hospitalized at Sanford Health.

The letter to Riverview Place families said that, based on guidance from local and state health departments, previous recommendations already implemented will continue, including:

Additional actions being taken include having residents schedule times to do their laundry so facilities can be sanitized between usage.

The letter also asked residents to avoid using their mailboxes, and mail will be delivered to residents directly.

Theyre also asked to place their garbage outside their doors for employees to pick up, the letter said.

As a public service, weve opened this article to everyone regardless of subscription status. If this coverage is important to you, please consider supporting local journalism by clicking on the subscribe button in the upper right hand corner of the homepage.

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All residents, staff of Fargo retirement community to be tested for COVID-19 following death of resident - INFORUM