October 2015 Living Well in Later Life Workshop
Tue, October 27 2015, 1:30pm
Campus Club ABC
Finance Workshop #1 of 3: Last January, many of you responded to a survey about your interests in information about managing financial resources. The survey was conducted by Vern Eidman, UMRA’s representative to the U SCAFA Retirement Subcommittee, and Andrew Whitman, J.D., Ph.D., C.F.P., professor of insurance in the Carlson School of Management. They have developed three workshops tailored to the issues you raised.
- October 27, 2015 —Will Your Cash Last? and How to Work with Your Planning Team
- January 26, 2016 — Retiree Health Finances
- March 22, 2016 —Retiree Estate Planning
During the first workshop on October 27 we’ll work on the following topics:
- Estimating the probability that your resources and investment strategy will fund your full retirement. We will discuss how to combine your personal information (health and family living), living expenses, health care costs , income, assets, and risk tolerance to help answer this question. The Fidelity Retirement Income & Event Planning Tool will be used to summarize this discussion. (You can preview this tool by trying it at Fidelity.com)
- Investment strategies to meet economic fluctuations and life-style changes.
- Distribution strategies to satisfy family goals and minimize income tax.
- Given minimum requirement distributions, when is it beneficial to use IRAs to convert to Roth IRAs?
- The role of gifting directly from an IRA; making uniform gifts to minors; and donor-advised funds.
Plan to attend this workshop from 1:30 to 2:30 p.m. on October 27 in the Campus Club ABC room. All members, guests, and visitors are welcome, there is no charge, and you needn't have attended the luncheon.
Upcoming Events
We are fortunate to have UMRA member and former Minnesota Landscape Arboretum director Peter Moe to lead this approximately 3.7-mile hike at the Arboretum on Monday, May 6. Plan to have lunch together after the hike at the Eatery café inside the Oswald Visitor Center.
This session will continue the discussion begun in the May 8, 2023 session. See that article for details.
If you currently live in your own home or apartment, have you looked ahead to when you might want to consider a senior living option? Do you have any idea what those options might be? How much they cost? What they provide? UMRA’s May 14 workshop will provide an overview of the world of senior living and the basic information you need.
You’re invited to join the final Family History Interest Group meeting for 2023–24. This will be an opportunity to ask questions related to family history, share insights, talk about recent projects, and suggest topics for next year.
Stephanie Daily will lead the discussion of Fuzz: When Nature Breaks the Law by best-selling author Mary Roach when the UMRA Book Club meets via Zoom at 2 p.m. on Friday, May 17.
The May 20 hike will start at the Historic Lift Bridge in Stillwater and go along the river to the new bridge, cross over and then back on the Wisconsin side, a total of approximately 5 miles. Most of the route is paved. We will eat lunch after at Brian's Bar and Grill in Stillwater. Car pooling will be available.
Climatologist and meteorologist Mark Seeley joined the U of M faculty in 1978 and has been a weekly commentator on Minnesota Public Radio since 1992. We are honored to welcome him as our guest speaker for UMRA’s May Luncheon Forum and 2024 Annual Meeting. He is always entertaining and informative.
UMRA’s Fourth Friday Book Club welcomes back, for the second time, author Julie Schumacher, U of M Regents professor of creative writing and English, for a conversation about her novel The Shakespeare Requirement.
We are in for a treat on June 3! Lynn Anderson, will lead us on trails at two parks near her Monticello home. Bring a bag lunch and we will gather in Lynn's yard along the Mississippi River for eating and socializing after the hike.
Get out to the ballpark with fellow UMRA members for the annual U of M Day at Target Field as the Minnesota Twins take on the Oakland Athletics on June 14 at 7:10 p.m.
Please join us at 9:30 on June 17, 2024 for a walk around Lake Como in St. Paul before attending the UMRA Summer Social and Picnic starting at 11 at the Como Pavilion. A perfect opportunity to get in a walk before we gather to celebrate summer.
Picnic under the covered, open-air Como pavilion, gaze at the water, spy some birds, catch up with friends and former colleagues, and meet new members. We’ll have lunch with plenty of time for visiting and then compete in teams as we are challenged by our Quiz master(s)!
Healthy aging, mindfulness, fighting ageism, and more will be the focus of the third annual Age-Friendly University Day to be held on the U of M Twin Cities campus.