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June 28, 2013
Page 75
The Dispatch/Maryland Coast Dispatch
New Retirement Realities And The Longevity Bonus
OCEAN CITY ­ With people living
and often working longer than any
preceding generation, a recent study
examines their perspectives about
preparing for retirement and living
the best life that they can during their
later years.
How are people adjusting to this
great life transition in today's environ-
ment? How have their atti-
tudes about retirement shift-
ed in response to new reali-
ties? What do they expect
and worry most about?
What do they really think
about the longevity bonus
and rest of their life?
These and other ques-
tions are the focus of the
2013 Merrill Lynch Retire-
ment Study, conducted in
partnership with Age Wave, experts
on the aging population.
Completed in January 2013, the
study is based on a nationwide sur-
vey of more than 6,300 respondents
age 45 and older. Age Wave is the
nation's foremost thought leader on
population aging and its profound
business, social, healthcare, finan-
cial, workforce and cultural implica-
tions.
Findings from the study reveal
new insights into people's approach-
es to and thoughts about retirement,
such as:
Finances: When it comes to fi-
nancial goals, achieving peace of
ment for Bank of America Merrill
Lynch. "Where guidance is needed
most is helping people understand
how all of these variables and deci-
sions work together over time. At
Merrill Lynch, we are developing a
new approach to help people careful-
ly consider nearly all aspects of their
life when planning for and living in
retirement, including health care
costs, family, giving, home, work, lei-
sure and finances."
­ Brian Selzer
Special To The Dispatch
(A Merrill Lynch senior financial ad-
visor, who can be reached at 410-213-
8520.)
Home and Community: People
are concerned about where they
should live in retirement, as well as
the need to support adult children
and parents' housing and eldercare
needs.
The study reveals a strong desire
among those approaching and in
retirement to know more about the
challenges and opportunities that lie
ahead, to gain greater clarity about
what they hope to achieve, and to
understand what is possible.
Most people understand that re-
tirement planning is not a "once and
done" proposition," said David Tyrie,
head of Personal Wealth and Retire-
mind is seven times more important
to Boomers than accumulating
wealth.
Reinvention: Today's retirees are
largely not retiring ­ they view the
"longevity bonus" as a chance to ex-
plore new options, pursue old
dreams and live life to the fullest.
Family Interdependencies: With
today's economic uncertain-
ty, and with many family
members struggling finan-
cially, balancing an individ-
ual's or couple's retirement
needs with the needs of par-
ents, siblings, children and
grandchildren is a growing
and complicated challenge.
Connections: Today's re-
tirees are finding comfort,
meaning and safety in con-
nections with family, friends, communi-
ties and trusted guides.
Traditional Values: Retirees to-
day define happiness not in terms of
dollars but in terms of new experi-
ences, peace of mind, helping family
and making a difference.
The study also offers new insights
about sources of concern and the
need for guidance, including:
Health Disruptions: Health prob-
lems and the cost of healthcare now
top the list of retirement worries ­
even more so among the affluent.
Falling Short: People don't know
exactly how long they will live and
feel insecure about their ability to
support a very long life.
MONEY SENSE
BRIAN SELZER
Valuable Real Estate-Antiques-Personal Property
SATURDAY, JUNE 29, 2013 AT 10 A.M.
105 West Federal Street, Snow Hill, MD, 21863
PUBLIC AUCTION
Directions: From Salisbury - Take RT 12 South to Snow Hill. At traffic light turn right.
Make first left onto Franklin Street and go to stop sign. House in front of you. From Berlin
- Follow Rt 113 South to Snow Hill. Exit right onto Market Street (by McDonald's). Turn left
onto Franklin Street. Signs posted.
REAL ESTATE 1:30 PM: 2436 +/- sq ft dwelling with original structure dating back to
1803. There are hardwood floors throughout. Dwelling has an entrance foyer, living room,
den, dining room, kitchen with eating area, mud room, an up and down stairs porch, three
bedrooms and one and a half baths. There is a basement with brick floors and a detached
garage/workshop. Excellent location in an outstanding neighborhood.
FURNITURE: Oak furniture includes Bow front china cabinets, ice box, round table with
chairs, one drawer stand, and potty chair, walnut marble top stand and single bed, bed-
room suite, Lyre base wall table, library table, Victorian sofas, Maple pcs include china
cabinet, hutch, and dressers, wicker sets, drop leaf table, drop front desk, Windsor rocker,
square top trunk, wing back chairs, cane bottom chairs, coffee and end tables, Coca Cola
clock, old crocks, large assortment of pictures, signed Purnell frames, marble base table
lamps and candle holders, hobnail lamps, and much more.
PERSONAL PROPERTY/GLASSWARE 10:00 AM: Davis Old Homestead fudge jar, Gorham
Sterling bowl, baby's cup, cream and sugar, Franciscan Desert Rose china, Autumn Leaf
covered dish, Fostoria, Fenton, Lefton, Nippon, Westmoreland, Crackle & Sandwich glass,
candlewick, blue opalescent, Czechoslovakia pc, cranberry lamps, Royal Copenhagen,
salts, vinegar cruets, Lenox Christmas dishes, Noritake Tybalt china, Kyoto Rose Garland
china, hobnail, milk glass, pewter pcs, church plates, Delft clock, McCormick tea pots,
etched glass, music boxes, castor cruet set, Hammersley Princess House butter pats,
tobacco cutter, old scales, cast iron fry pans, Pyrex, TV, jewelry, quilts, Snow Hill advertis-
ing, 1901 Gold Dust Twins black memorabilia, 1960's pedal car, old tricycle, linens, Casey
Holtzinger prints, old framed prints and paintings, and much more.
TOYS & GAMES:
1950's windup toys including Eat At Joes, Bear eating corn on the cob,
and Monkey riding a motorcycle, 1960's Tonka toys including cement mixer, red and yellow
dump truck, tan Sportsman pick up with trailer, blue pick-up with step sides and 2 trailers,
horse trailer, trencher, and sand loader, McCormick tractor spreader, 1960's Texaco Jet Fuel
truck with box, John Deere and Farmall tractors, Tootsie Toys metal cars and case, Finger
puppets, Trik Trak Road Rally, Tudor electric horse race game, Sky Rail building set, Go
Cart Raceway, The original Bingo-Matic, and many more games and puzzles.
VEHICLES: 2000 Ford Focus station wagon, 189,000 miles, automatic.
TERMS:
Real Estate - $5,000 down in cash, cashiers check, certified check, or check approved by
auctioneer on day of sale. 30 day settlement. 2% buyer's premium. Broker participation.
Personal Property ­ Credit cards accepted. 10% buyer's premium. 10% discount for cash
and/or local check.
This is another outstanding on site auction with something for everyone.
Too many items to mention. FOOD-Lowell and Pauline Eby.
Willie
Benton
Auctioneer
EASTERN SHORE AUCTIONS
Auction Hotline 443-235-5717 or 410-548-3137
Visit Our Website For Details
easternshoreauctions.com