Archive for June, 2009

Lower my handicap – after 10 rounds

Tuesday, June 30th, 2009

 

A further update as I continue my quest to lower my handicap – 10 rounds into my 2009 season and I’ve accomplished the following:

  • current handicap is 15.8
    • down from 16.4 in my last report
  • score consistency:
    • low round = 84 (2 score of 84 in last 5 rounds)
    • high round = 94 (too many penalty strokes)
  • averaging 33 putts per round
    • down from 34.4 in my last report
  • 70% of my shots were made using my 7, 8, 9 wedges or putter
    • compared to 72% in my last report
  • penalty strokes are up – average 2.4 per round
  • score average dropped from 89 to 88.8
  • hitting greens in regulation means lower scores
    • better GIR in last 5 rounds

Reach me at Lane@lifepast50.ca

Boomer Chest Pain

Monday, June 29th, 2009

Maybe the health-care system should coin a name for it: the baby boomer special.

In the past few weeks, several people I know, including, on separate occasions, both my husband and myself, have visited hospital emergency rooms because of chest pains and other symptoms that suggested a possible heart attack (instead of, say, indigestion, stress and unpaid bills).

My troubled-heart excursion took place on a sunny Sunday. After explaining that I felt alternately a heaviness in my chest and heart palpitations, I was whisked through an EKG, blood work and a chest X-ray. Three hours later, the doctor deemed my heart “perfect.”

That should have been reassuring except, of course, for all those stories you hear in which someone is pronounced “fit as a fiddle” and dies an hour later on the golf course. (Thank God I don’t golf.) Finally, though, after the doctor added “feel free to come back if you have these symptoms again,” I went home, relieved. She also told me to drink less coffee.

The next visit, a few weeks later, involved my reasonably fit husband, who woke up for the second morning in a row with chest pain and shortness of breath. His visit lasted 10 hours at a downtown hospital and, after initially being cleared by the same diagnostic procedures, he was told to get dressed and wait six more hours in the TV lounge for a second blood test to confirm there had been no heart damage.

To avoid going stir crazy – and with the doctor’s awareness – we finally went for a stroll and walked back through the Bay, where I persuaded my husband to buy a very nice orange polo shirt on sale for 20 bucks. We were both appalled and amused that we were shopping in the middle of a possible heart attack.

Again, all turned out well – we even spent the last hour chatting about Iranian politics with a fellow boomer who was also there for chest pains. He was cleared for takeoff around the same time my husband was. The two men were told to follow up with their GPs, take an aspirin a day as an extra precaution to avoid blood clots, and get a stress test.

Here’s the issue: There’s been so much good public education about the possible signs of a heart attack that it seems many of us are taking all our twinges, well, to heart. But especially at a time when the overall statistics on heart disease show a marked decrease in heart-related deaths, are we overreacting and needlessly overloading the system?

I called a friend who is chief of medicine at a Toronto hospital to ask if we’d done the right thing, and I couldn’t even finish my question before he answered: “Yes” Is there ever a time to stay home ? “No”

“People die staying at home thinking they have heartburn,” said my friend. “You can’t play doctor , you will be wrong. You don’t have the tools or the objectivity. If it’s heartburn, c’est la vie.”

Of course hospitals take middle-aged chest pain seriously – they play the numbers game, and every statistic shows that as you grow older your chances of heart disease or a sudden heart attack increase. Just two generations ago, my paternal relatives were dropping dead in their 50s. My father died relatively young of a heart attack. So I’m glad to see that after much re-education, the medical profession is starting to treat women as aggressively as men when it comes to heart disease. Good thing, given the news this week that, for the first time, more Canadian women are dying of cardiovascular disease than men.

Calgary cardiologist Eldon Smith, a former dean of medicine at the University of Calgary, wasn’t all that reassuring when I spoke to him about baby boomers and chest pains. Diagnosing heart disease is such an inexact science, he told me, that “cardiologists can find no evidence of heart disease and a patient can still die within two months.” Oh, great.

As for those stress tests – I had one and aced it – Dr. Smith says he has heard of doctors who gave patients full cardio workups, including a stress test, declared them fine “and the patient dies before leaving the laboratory.” Stop, Doc, you’re killing me.

Of course, there are facts that will tell the examining doctor a lot, including what you were doing when you first felt the pain. “If you were walking quickly uphill and the pain was there, but it subsided when you stopped, that’s pretty good evidence” that there may be underlying heart problems, Dr. Smith said.

He recently led a steering committee responsible for developing a new strategy to fight heart disease in Canada, and is more interested in drumming heart-healthy lifestyle practices into all of us, including being physically active, not smoking, maintaining a good weight, eating fruits and vegetables and less salt, regularly checking cholesterol levels, and – if you’re over 50 – taking an aspirin a day.

Okay. We can do all that. But because there is nothing more anxiety-provoking than thinking your heart is about to crash, we may be back in the emergency ward again. The most reassuring thing of all is to know we will be taken seriously.

In the meantime, it’s back to indigestion, stress and those unpaid bills.

Article by Judith Timson first published in the Globe and Mail on June 27, 2009.

Canadian Index of Wellbeing

Tuesday, June 16th, 2009

Some recent articles published in newspapers across Canada in June 2009 introduced me to the Institute of Wellbeing and their signature product called the Canadian Index of Wellbeing (CIW).  You can download their first report, “How Are Canadians Really Doing?”, from their website – www.ciw.ca.

Without diving into a huge amount of detail, which you can read for yourself in their first report, the Institute has a mission to report on the quality of life of Canadians and promote a dialogue on how to improve our quality of life.  Over the long run, the Institute wants to present information that can be used to contribute to or define public policy and to also contribute to establishing better public policy.

The report states that Canada lacks a single, national method that shows whether our quality of life is getting better or worse.  They point to the typical measure seen by all, the Gross Domestic Product (GDP), which is often used as a means to indicate economic health – generally speaking, if GDP is growing we are doing well, if it is declining then we are doing poorly.  The Institute contends that this is an inadequate measure of “wellbeing” so they have defined a different paradigm to more accurately measure “wellbeing”, hence their CIW.  The CIW uses 1994 as a baseline and measured results from that point in time.

The report states that reflecting Canadian values is a cornerstone of the CIW.  Through questions posed to Canadians, they identified top priorities for quality of life:

  • primary and secondary education
  • health care access
  • a healthy environment
  • clean air and water
  • social programs
  • responsible taxation
  • public safety and security
  • job security
  • employment opportunities
  • a living wage
  • balanced time use
  • civic participation

The report indicates that these common themes cut across regions, social backgrounds and demographic characteristics and will form the basis for future assessments and ratings.

Based upon the Canadian values, they established a series of 8 domains and began their more detailed research.  The first report deals with the first 3 domains – Living Standards, Health Populations and Community Value.  Subsequent reports will deal with the other domains.

The 1st report indicates that some clear patterns have emerged as a result of their initial work:

  1. Living Standards:
    • growth is unequal
    • many made more money, in part because we worked longer hours
    • we were wealthier on average
    • inequality increased – rich got richer, the poor stayed poor
    • labour market conditions improved but long term unemployment was up and job quality was down
    • key social programs provided less support for working age people
  2. Healthy Populations

    • we live longer
    • we are not living better
    • we don’t feel as healthy as we used to
    • more teenagers are reporting health problems
    • money and education matter
    • we’re putting on weight and it is making us sick
    • fewer Canadians are depressed but rates are still high
    • some of us are adopting healthier lifestyles
    • we’re happy with our health care services
    • there are interesting geographic differences across the regions of Canada
  3. Community Vitality

    • we’re participating more in organizations and volunteer activities
    • our social network is shrinking
    • we provide more help and care more about others
    • crime is going down
    • trust is relatively high
    • there is good news and bad news about social inclusion
    • we feel we belong

Overall one can ask how might the CIW impact not only boomers but Canadians in general.  It shouldn’t take too much imagination to see political parties, special interest groups, and interested citizens using the findings to promote their agendas.  Time will tell if this comes to fruition.

One can even ask what all of this means and is it useful in any way or just another way to spend some money for some meaningless results.  Time will tell if this is the case as well. We’ll just have to wait and see.

Maybe they have achieved something already.  Have they captured a description of Canadian culture through their identification of “values” and the creation of their domains and the interrelationships noted in the 1st set of findings?  This is certainly worth some discussion.

As this is just the 1st report and more are expected, we boomers shouldn’t expect any huge conclusions to arise from the CIW quite yet but this 1st report does provide some interesting facts which, when combined with other known factors associated with the boomer generation, could indicate some lifestyle adjustments might be needed in our future.  After reading the report, some findings seemed obvious given known facts but others were interesting to read about, especially how they interrelated results from the different domains to form some of their conclusions.

How should boomers interpret the results obtained so far?  Despite evidence that I will live longer than previous generations did, I see a younger population that I might need to help support me in the future not feeling too healthy.  Might this impact the availability of adequate health care in my upcoming senior years?  This might be further compounded by the fact that the boomer population will soon form the largest part of the Canadian population and a less healthy younger population isn’t a good thing.  Might we have to continue working, part time or full time, to maintain our existing or anticipated lifestyle.

I’ll be looking for the future reports.

Lane@lifepast50.ca

Never buy from someone out of breath

Tuesday, June 9th, 2009

The recent tragic death of David Carradine brought to mind some wisdom he once imparted – advising that "you should never buy anything from someone who is out of breath!"  I believe he gave us this advice with respect to life in general.  But when I heard this wisdom repeated by a CNN commentator, I thought immediately of the world of investments.  Were the CDO (Collateralized Debt Obligation) and othe Asset Backed Paper salesmen out of breath when they made their pitch?  Were Investment Dealers pushing Bernie Madoff’s fund also out of breath?

We’re often advised to jump on bandwagons by brokers and advisers who are out of breath with enthusiasm.  My own history includes buying Dome Petroleum at the top of the market when everyone was out of breath pushing this stock.  We know what happened to Dome but there was a silver lining for me personally.  When those same brokers, analysts and advisors pushed Bre-X at me, I stuck by the old saying "once burned – twice shy" and avoided this loser.

Tony Almonte June 9/09

CPP changes impact on boomers

Tuesday, June 2nd, 2009

Last week the Finance Department announced changes to the Canada Pension Plan that will be phased in from 2011 to 2016. They will affect people who start receiving payments early, or who delay getting them until after they are 65.

Under the proposed changes, if you retire before 65, your pension will be cut by 7.2 per cent for each early year, instead of 6 per cent under the old rules. That means if you start collecting CPP at age 60 (the earliest you can), your monthly benefit will be cut by 36 per cent instead of 30 per cent.

If you keep working past age 65 and delay collecting CPP, however, you will get more than before. For each year you wait, you’ll get an extra 8.4 per cent (instead of 6 per cent under the old rules). That means someone who waits until age 70 will get a 42 per cent higher payment than they would have at age 65, compared with 30 per cent higher under the old rules.

Another change will allow you to collect CPP before age 65, even if you are still working. Previously, you had to quit work and stay off the job for at least two months to qualify for payments.

Ottawa says the idea is to let people use CPP income to supplement earnings or to phase into retirement. Another adjustment will allow people over 65 who are collecting CPP, but still working, to make further contributions if they want, so their benefits will increase.

And finally, workers will be able to remove eight low-earning years from those that are used to calculate average pay for CPP purposes. That’s up from seven years. That change will help individuals whose careers have been interrupted.

This article originally published in the Globe and Mail June 2, 2009 (Richard Blackwell)

Personal impact comment – My own situation may not be unique in deciding to take early CPP benefits.  Most of our income now comes out of my RRSP.  At age 63 I’m not yet able to split  pension income with my wife – that comes at 65.  Hence, the more personal income I have (made up of withdrawls from the RRSP and CPP), the more income taxes I pay.  Yes, I can withdraw less from the RRSP that together with early CPP makes income taxes payable the same.   I’m reluctant to do so for two reasons.  First, I’d like to get as many $ out of my RRSP as I can to allow  more investment (such as a TFSA) and spending outside the RRSP.  And outliving my RRSP is not something I want to do.   And second, my family history has me living longer than the average Canadian.  Hence, I’d be risking early but lower monthly CPP benefits against higher CPP payments in the future should I live longer than the average.  Oh man!  I’ve probably jinxed myself – If you hear of me getting hit my lightning you’ll know why it happened to me.

Tony Almonte

Boomers Not Aging Gracefully

Monday, June 1st, 2009

An article published in the Ottawa Citizen (June 1, 2009) contends that baby boomers are drifting into old age with poor eating habits, too little exercise and decimated savings as quoted by the CEO of the International Longevity Center (www.ilcusa.org). This organization also indicates that there is a shortage of geriatricians and caregivers which means that society is unprepared for the aging population.

In a report published by the Interntional Longevity Center entitled "The Future of Living: Independently", boomers are urged to plan ahead for old age.  Boomers are encouraged to establish support systems by "keeping engaged, active and socially connected through pleasureable and meaningful activities like volunteering" and living in communities that make this possible.  Boomers are also encouraged to "think strategically about access to health care" and use new technologies to prevent isolation and enhance safety.

The article also talks about obesity with predictions that obesity is on the verge of causing a decline in life expectancy in our society – impacting boomers and generations behind the boomers.

The article carries on to state that we are approaching a point in time in human history where there will be a shift in global age structure – rise in life expectancy combined with falling fertility rates will leave societies with more older members than younger members – a different circumstance than the human population has experienced across human history.  With current life expectancy for Canadians at 82.5 years for women and 77.7 for men (Statistics Canada), Canadian society will experience this as soon as 2015.   By 2015 there will be more people in Canada over 65 than under 15 (based upon Statistics Canada’s most recent population projections) and the number of seniors will double in the next 25 years.

In a related article in the Ottawa Citizen on June 1, 2009, Canada is facing a serious eldercare crunch.  Government policy makers need to keep Canada’s aging population in mind so that government controlled infrastructure, policies, plans and resources can be designed to better support the aging population.  The article quotes a Carleton University researcher who states that investing in services for seniors now will dramatically cut costs to taxpayers later on.  Another interesting point in this article was that research survey results indicate that seniors would prefer to spend their final years at home, favouring help form formal services over family care.

The two articles present similar information.  Refer to the articles through these links…..Baby boomers aren’t aging gracefully, experts warn……and…….Canada faces elderly care crisis: researcher.

What could this mean to boomers?  The statistics indicate facts we boomers have known for a while.  Combine this with the fact that studies show our society isn’t fully prepared for what the statistics show and boomers may have some serious issues to contend with as we age closer to the Canadian life expectancy norms.  Taking better care of yourself may lead to a longer life but if individuals aren’t prepared to appropriately take care of themselves and society lacks the means to deal with an aging population, then where could that leave us boomers.   Some interesting points to consider.

Lane@lifepast50