Are our Lifestyles Mirroring our Desire to retire?

Are our lifestyles mirroring our path to retirement? I am not referring to the lifestyle of the rich and the famous. I am referring to a comfortable lifestyle that considers future obligations such as retirement. Many of us have to change our financial behavior. I know that I am preaching to the choir. However, there is power in affirmation and accountability.

Affirmation and accountability are two categories that we can use to implement our retirement plan. Affirmations are positive declarations and proclamations. For example, if we replace the word can't with I can or I will, we have declared a proclamation that denotes I will not quit. Say this with me right now, I declare a good financial behavior. I proclaim that I will retire healthy and wealthy. You determine what wealth is. Our lifestyle determines our health. You determine your level of success.

Success is a favorable or desired outcome; also: the attainment of wealth, favor, or eminence. To have success, we need to have some level of accountability. Accountability is the quality or state of being accountable; especially, an obligation or willingness to accept responsibility or to account for one's actions. In my network marketing days, I heard the phrase, "if it is to be it is up to me." Well, I know it requires faith for me to believe some thing is to be. I learned and I am still learning to guard my ears and eyes of anything that may try to rob my faith. I tell my accountability partners my goals. When we see each other, we would ask each other about our progress towards our goals. We would let each other know that we are progressing. We would remind each other of our declaration.

My accountability partners and I determine our progress by our levels of success. We know that we are going to eventually see each other some time during the month. Therefore, we make milestones; we take ownership of our steps toward success. We become accountable to our affirmations. We take ownership of our future. We earn our sense of being fulfilled. We are determined to retire successfully with good health and wealth.

I would love to hear from you. Share your retirement tips with us. What will you change in your lifestyle to retire with a sense of fulfillment?

Jonica Rowland, MBA

Wholesomehealthandwealth@gmail.com

Leaving an Inheritance with insurance plans

Leaving an Inheritance

I do not want to sound insensitive. However, we all know tomorrow is not promised. I was motherless before my 10th birthday. My grandmother reared me. My grandmother died while I was pregnant with my first child. I thank God I had a father and a husband. However, my thoughts are that no one can truly replace a family member.

On another note, my question is what can truly replace an income? If insurance was a human being...

• Life insurance replaces income projected for salaries, childcare expenses, college tuition, bills, and an inheritance.  
• Health insurance pays for some medical expenses. 
• Disability insurance is a valuable tool to replace income while disabled. 
•  Supplemental insurance is beneficial in covering expenses from life threatening illnesses.       
•  Long-term care insurance is available to assist financially their loved ones in caring for relatives, who cannot perform their daily activities of living.

For retirement, annuities are one of the retirement tools to replace salaries.

When, not if, we love our family, we cannot afford to burden them with an inadequate income replacement strategy that would leave them financially strained. Leave an inheritance via life insurance and other types of insurance to cover medical burdens, funeral expenses and income.

Jonica Rowland, MBA

Life*Accident*Health*Supplemental*Retirement

Medicare Supplement and Long Term Care Insurance Agent

Doctor of Business Administration Candidate

The Rowland Group

3737 Glenwood Ave, Suite 100

Raleigh, NC 27612

919.539.2492

Wholesomehealthandwealth@gmail.com

http://jonicarowland.mymedicalquotes.com

Health Insurance

Self-insured or not

Many have concerns about health insurance. If you are on a government program, an employers plan, or do not file taxes, the governments' subsidy plan for the current legislation might not apply to you. However, you do not want to go without health insurance. If you do not have health insurance, you are classified as being self-insured. 

Do you want to be self- insured? Do you want to pay 100% of your health cost? Are you saving enough money to cover catastrophic events? If you answered no to the previous questions, you need to find a plan that fits your budget. Even if it is a high-deductible, high co-payment plan, you will be better off having some insurance to cover catastrophic events versus non at all. Normally, catastrophic events require hospitalization.

On another note, if you do want to self-insure, remember charitable organizations may not be able to assist you in the future because of budget cuts. In addition, you may have tax consequences such as penalties or on a good note tax write-offs . Speak to your tax professional for more advice. Just remember that if you do not have a relative or friend sharing their riches with you, you may eat up your own riches (wealth) with medical debt.

To sum it up, try to maintain a healthy lifestyle, have an income replacement strategy such as insurance or a large emergency savings account; do not expect others to do things that you can do for yourself unless you are willing to pay them.

Jonica Rowland, MBA
Independent Insurance Agent
Wholesomehealthandwealth@gmail.com

http://jonicarowland.mymedicalquotes.com