EVERYTHING LISTED UNDER: Aging Well

“I give them a $20,000 gift and I don’t get a thank you?” Sound familiar? The dollar amount may vary, but the frustration is the same. More and more people are frustrated and confounded at the lack of appreciation they experience when passing along their wealth to their children and grandchildren.They worked hard for their money because they wanted to give their kids and grandkids a better life. But these generous people are realizing that their wealth is causing them more grief than gain.

Forget traditional jobs where you earn a living working 9 to 5 at a desk or an assembly plant. You can tap into your own experiences, at your own schedule, and share your wisdom for a price.

Josh Koplovitz, an attorney based in Woodstock, N.Y., communicated with his best friend Lester Fensterheim nearly every day. They first met in 1999 and connected over their love of tennis. The two played tennis together and occasionally poker, socialized with their spouses and developed a strong bond. On Aug. 1, 2017, 74-year-old Fensterheim felt a pain in his face, suffered a minor stroke and was diagnosed with a brain tumor. He died three months later on Nov. 4.

How do you know if you’ve saved enough money to afford to retire? And what’s the best way to draw down your hard-earned retirement savings to last the rest of your life?

After a major injury or illness, your own participation and perspective can make the difference between moving past a health crisis and letting it define the rest of your life.Psychologist Elizabeth Lombardo cites two reasons why. First, the right attitude corresponds with a stronger commitment to physical therapy or rehabilitation. Plus, happiness is healing. “When we experience chronic stress, when we’re upset or depressed, that actually impedes our immune system,” says Lombardo. “Our body does not heal as well.”