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May 13, 2013

Rabbi Nathan Lopes Cardozo: Why the giving of the document that would permanently change the world could only be done in desolation

David G. Savage: Church-state, literally? Supreme Court weighing public school graduation in a church

Emily Alpert: Recession dragged down birth rates for less-educated women
Morgan Housel: The deep downside of home ownership

Peter Teffer: Will Dutch police soon be stalking cybercriminals on your computer?

Heidi McIndoo, M.S., R.D.: Meatless 'meat' can have its own set of problems

The Kosher Gourmet by Diane Rossen Worthington: Celebrate! This must-try appetizer is delicate yet has depth of flavor: Corn-Leek Cakes with Caviar, Smoked Salmon and Creme Fraiche

May 10, 2013

Rabbi Berel Wein: Be all that you should be

Caroline B. Glick: The dirty little secret about Israel's Arabs

Mona Charen: Hawking's Moral Calculus: The man and the movement he embraces
Morgan Housel: The biggest retirement myth ever told

Sandi Doughton: Eyes may provide new insight into brain problems

Jewz in the Newz by Nate Bloom : The Great Gatsby's Jewish Ties; Jews in the "Time 100 list" List; People's Most Beautiful Women

The Kosher Gourmet by Linda Gassenheimer: A sweet-hot meal: Pear salsa spices up salmon

May 8, 2013

Peter Ford: Why China is welcoming both Israel's Netanyahu and Palestinians' Abbas

Warren Richey: Obama administration quietly backs out of appeal over new contraceptive mandate

Fred Weir: At Kerry-Putin meeting, US-Russia relations thaw --- a tad
Amanda Paulson: Study reveals sad truths about community colleges

Harvard Health Letters: Evidence weak that zinc, echinacea are beneficial

The Kosher Gourmet by Leela Cyd Ross : Almost too pretty to eat, this colorful salad with Sicilian inspiration will tickle the taste buds and delight your visual sensibility

May 6, 2013

Edmund Sanders and Patrick J. McDonnell: Think Israel's objective in Syria is to weaken Assad or embolden the rebels? Think again

Brian Bennett: Israeli airstrikes may show weakness in Syrian defense

Michael Ollove: Millions of ex-felons, parolees and those on probation are about to be entitled to tax-payer paid health coverage
Karen Kaplan: Most men can skip PSA test for prostate cancer, urologists say

Kimberly Lankford: How to track down a lost life insurance policy

Dream of Mars exploration achievable, experts say

The Kosher Gourmet by Susan M. Selasky: EGGPLANT WRAPS are an easy, sumptuous and scrumptious meal

May 3, 2013

Rabbi Nathan Lopes Cardozo: Human Courage and the Unavoidable, Disturbing Text

Steven Emerson: Attorney General Fights CAIR in Court, Lauds it in Public

Mediterranean diet helps beat dementia: study
Harvard Health Letters: When to be screened for a hearing problem

Jewz in the Newz by Nate Bloom : Iron Man's Jewish Connections; Marc Maron's New TV Show; Martin Landau Grows Up with Israel; Shalom, Allan Arbus

The Kosher Gourmet by Diane Rossen Worthington: A sweet surprise for Mother's Day dessert

May 1, 2013

Jonathan Rosenblum: An Improbable Journey to Orthodoxy

Jonathan Tobin: Blame Obama, Not Israel for Syria Push

Kids, kittens the Same? With employee perks at struggling Internet pioneer Yahoo! it's hard to tell
Halena M. Gazelka, M.D.: Mayo Clinic Medical Edge: What you need to know about implanted pain relief devices

Sandy Kleffman: Artificial kidney offers hope to patients tethered to a dialysis machine

Jessica Shugart: When it comes to math, MRIs may be better than IQs

The Kosher Gourmet by Mario Batali: The celebrated chef on how high-maintenance ASPARAGUS RISOTTO need not be

April 29, 2013

Roy Gutman: Poland's new Jewish museum celebrates life, doesn't revisit Holocaust

Mark Clayton: Terrorism in America: Is US missing a chance to learn from failed plots?

Kim Murphy: Boston Bomber's 'Svengali' Revealed
Morgan Housel: He's rich, smart and old: Listen to him

Thomas Salinas, D.D.S.: Mayo Clinic Medical Edge: The safety of amalgam fillings

Harvard Health Letters: Tomatoes and stroke protection

Pete Spotts: Tiny satellites + cellphones = cheaper 'eyes in the sky' for NASA

The Kosher Gourmet by Diane Rossen Worthington: Swing into spring with lemon cream pie

April 26, 2013

Rabbi Abraham J. Twerski: The world is a mirror

Caroline B. Glick: Time to confront Obama

Clifford D. May: Defense in the Age of Jihadist Terrorism
Kimberly Lankford: New strategies ease pain of paying for long-term care insurance

Howard LeWine, M.D.: Ask the Harvard Experts: Too much ibuprofen?

Sharon Palmer, R.D.: How to feel your best -- with plenty of energy, a healthy weight and optimal mental and physical function -- without driving yourself batty

Jewz in the Newz by Nate Bloom: Jewish Major Leaguers, 2013; New Movies and Comedy Show; Shalom, 'Lumpy' (Leave it to Beaver)

The Kosher Gourmet by Emily Ho : A bright and cheerful salad to herald the warmer months ahead

April 24, 2013

Steven Emerson: Boston Bomber Exposes Islamist Secret

Morgan Housel Admit it: No one has any idea what's going on
Harvard Health Letters: Can you get headaches from headache medication?

Kerri-Ann Jennings, M.S., R.D.: How to easily get more Omega-3s in your diet

Melissa Healy: Pot in a pill: All the pain relief without the smoke

The Kosher Gourmet by Susan Russo: Chipotle Chili Butternut Squash Soup is bold, zesty, hot

April 22, 2013

Ken Dilanian: Counterterrorism's future is unclear

US man departing country arrested on terror charges
Barbara Williams: An unorthodox but growing treatment in a 9-year-old's battle against cancer

P.J. Skerrett, M.D.: How to recognize a good whole grain product

Jewz in the Newz by Nate Bloom: Teen actor Jonah Bobo in New Flick: Hunky James Wolk on Mad Men; Erich Segal's Daughter Writes Prize-Winning Jewish Novel

The Kosher Gourmet by Diane Rossen Worthington: 'Noodles,' Asian style is a carb sub, sure. But they are also amazingly delicious and colorful

April 19, 2013

Rabbi Yonason Goldson: When violence seems the only answer

Caroline B. Glick: Why Obama's visit to Israel had no impact on public opinion or government policy

Morgan Housel: Gold collapse: The start of something big?
Harvard Health Letters: Can you die of a broken heart?

Pete Spotts: Livable super-Earths? Two candidates among Kepler's latest finds

Nora Schultz: Oxytocin helps beat booze cravings

The Kosher Gourmet by Carole Kotkin: Middle Eastern cuisine meets Italian delicious with this lentil and eggplant pastitsio

April 17, 2013

Shira Rubin: Too much of a good thing? 'Palestinians' realize downside of foreign aid boom

Geoffrey Mohan: Can computers decode dreams? Researchers take a first step

Morgan Housel: BAD NEWS: EVERYONE IS RIGHT!
Brierley Wright, M.S., R.D.: 6 heart-healthy eating tips help cut saturated fat but not taste

Michael Craig Miller, M.D.: Ask the Harvard Experts: Told your child has sensory processing disorder? Seek a second opinion

The Kosher Gourmet by Diane Rossen Worthington: Corn and Curry Add Zing to Chilled Soup

April 15, 2013

Rabbi Yonason Goldson: The Death of Education?

Kristen Chick: Egyptian Christians respond with harsh words to attack -- rocks, Molotov cocktails, and gunfire -- against main cathedral

Marcy Darnovsky and Karuna Jaggar: High Court to decide if you should own your DNA
Howard LaFranchi: US bracing for more Russian blowback after taking action against 18 more human rights violators

Kristin Ohlson : The loneliest fight

The Kosher Gourmet by Dana Velden: A tasty, rich dish that hints at spring's arrival while still anchored in a favorite winter staple


Jewish World Review

Planning for the long term ---- tomorrow

By Jim Mullen




http://www.JewishWorldReview.com | Bob was not happy. He'd just gotten back from a meeting with his stockbroker, the guy who manages his 401(k).

"He's, like, 21 years old and smart as a whip, and he always shows me these charts showing that if I had bought one dollar's worth of such and such a stock 50 years ago, it'd be worth $50,000 today. He never shows the chart of the stocks that I bought 10 years ago that aren't worth anything today.

"I'm asking him if there's anything we can do to get more income out of the account, and the kid says, 'You have to think long-term. In the long term this, and in the long term that. Over the next 10 years this will happen, and in the next 20 years that will happen.'

"I'm 74. Just how much longer does he think my 'long term' will be? When you're my age, long-term planning is making it to the weekend. I don't need the money when I'm 94; I could use it now. When I'm 94, I might not even know I'm wealthy. And what am I going to spend it on then? Women? Sports cars?"

The funny thing is, when you're 21, the long term also means just making it to the weekend. All this advice about saving money while you're young, when you still have a long term, is great, but there's just one problem: Most 21-year-olds don't have any money. They're tens or hundreds of thousands of dollars in debt from college or trade school. They're not the ones who are buying $70,000 cars and taking spa-cations and European river cruises.

The few young people who have money are wasting it on $80,000 weddings and breast and butt enhancements instead of socking it away for their futures. And why not? You can probably make more by being a waitress at Hooters than you can with a B.A. -- for a few years, anyway. When you turn 30 and become hideous by the extremely low standards of balding, potbellied, drunk-by-noon barflies, the B.A. still has value; the breast implants, not so much.

I can't tell you how many times I've heard fathers of the bride tell me that they offered to make down payments on houses for their daughters if the girls would just elope instead of having big, expensive weddings. I've never heard of one bride-to-be saying 'I do' to that fantastic deal. It's not in our DNA to think about the future, even though, as we should all know by now, the more expensive the wedding is, the shorter the marriage will be.

I have friends who have a retirement plan that they stick to religiously. Without fail, they make sure they put some money away for the future each week by buying $50 worth of lottery tickets. That is long-term thinking. Surely, sometime before they retire they will hit a $200 million jackpot, so no worries there. People win almost each week, so their shot has to come sooner or later. It would be more convenient to hit the jackpot before they retire, but they don't mind working until they win. They're willing to pay their dues.

Each week they have a long discussion about whether they should take the payout as one lump sum or spread it over 20 years. They talk about the tax implications. They worry about how to handle relatives and needy strangers who will try to separate them from their hard-earned fortune. They already know which lawyer and accountant they would hire, which homes they would buy, which bills they would pay off first. They have already decided not to tell anyone when they win until they get their home phone changed to an unlisted number. That's because they know how to plan for the long term. They're not going to make the same silly mistakes Bob did.

Every weekday JewishWorldReview.com publishes what many in the media and Washington consider "must-reading". Sign up for the daily JWR update. It's free. Just click here.

Comment by clicking here.

Jim Mullen is the author of "It Takes a Village Idiot: Complicating the Simple Life" and "Baby's First Tattoo."


Previously:


READING THIS WILL MAKE YOU THIN AND HAPPY!
The Seven Secrets of Success
It's tough living off the gridIt's tough living off the grid
How not to clean the houseIt's tough living off the grid The yellow badge of cowardice
Any way you slice it
Home sweet homeschooling
Don't Head for the Borders
Money ball
Golf and death go hand in hand
Tune in, turn off, unplug
The radar curtain
Is Steve Jobs clouding my privacy?
The gift of garbage
Johnny Intern, Ph.D.
Twenty-foot fences make good neighbors
You must remember this…
TV experts and real news
Hey caller, where's the fire?
My sad cushy life
Pacemaker, don't you mess around with me
Big Brother is skinny
Flight of the snowbirds
This HDTV needs child support
Dear Future: Where's the dome?
Not so elementary, my dear Watson
A vacation revolution
Your call is very unimportant to us
Life: There's no app for that
Bam! Practical kitchen magic
Poisoning myself
Ban Huck Finn in schools --- even the sanitized version!
$38,000 for traffic and weather updates
2011 Predictions: Nostradamus was a hack
2010: A year of annoying junk
Why do bad things happen to stupid people?
Moving on from movie theaters
Money never sleeps, but it does pass out
President Trump kept it classy
Stalking your college kid won't change a thing
Putting my life in ‘Jeopardy’
Mo' government, mo' problems
iLostIt
Dressed for excess
Expert tease
The mysteries of Jersey
‘You are a toilet, where am I?’
Don't we all cheat at the game of life?
What happens when I forget where Google is?
Don't let the doorman hit you on the way out
Picasso fiasco
Purple (hair) ‘Daze’
Let me hear your body talk
Working from work
Babies deserve clean restrooms, too
3-year-old bear-killers are a thing of the past
Money-making ideas on the fly
Collecting and hoarding
Chain of fools
Please come pick up your acting awards, ESPN commentators, you've earned them
You've been superpoked by the U.S. gov't
e-Readin', e-Writin' and e-Rithmatic
A pose by any other name
Warning: Column contains 2010 spoilers
‘He loves only gold, only gold’
Think about direction, wonder why …
Flushing your money down a diamond-studded toilet
More like ‘wack’ Friday
The good, the ad and the ugly
The desert of the real
Let books be large and in charge
I was insulting people way before the Internet
GPS drill sergeant: Left, right, left!
Butterfly in the sky, you make winds go twice as high
Music to my ears it's not
You don't light up my life
Fair or not: Country living is far from ‘Little House’
A parable for the ‘ages’
Top 100 Cable news stories of the century
Green dumb
A developing story
Thinking outside the lunch box
What's good for the goose is good for the scanner
Newspapers will survive, but network TV?
A really big show of generation gaps
When pigs flu
The reports of our decline have been greatly exaggerated
Mergers and admonitions
Invest in gold: little, yellow, different
Stuck in Folsom Penthouse
Collecting karma
Setting loose the creative ‘juice’
It's all in the numbers
You're damaging your brain with practical skills
The real rat pack
The unspeakable luxury of the Park-O-Matic
Gross-ery shopping



© 2009, NEA

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