Archive for August, 2007 Page 2 of 4



Scientists Induce Out-of-Body Sensation

The New York Times, August 24th, 2007

Using virtual reality goggles, a camera and a stick, scientists have
induced out-of-body experiences — the sensation of drifting outside of
one’s own body — – in healthy people, according to experiments being
published in the journal Science.

When people gaze at an illusory image of themselves through the
goggles and are prodded in just the right way with the stick, they feel
as if they have left their bodies.

The research reveals that
“the sense of having a body, of being in a bodily self,” is actually
constructed from multiple sensory streams, said Matthew Botvinick, an
assistant professor of neuroscience at Princeton University, an expert on body and mind who was not involved in the experiments.

Usually
these sensory streams, which include vision, touch, balance and the
sense of where one’s body is positioned in space, work together
seamlessly, Prof. Botvinick said. But when the information coming from
the sensory sources does not match up, when they are thrown out of
synchrony, the sense of being embodied as a whole comes apart.

The
brain, which abhors ambiguity, then forces a decision that can, as the
new experiments show, involve the sense of being in a different body.

The
research provides a physical explanation for phenomena usually ascribed
to other-worldly influences, said Peter Brugger, a neurologist at
University Hospital in Zurich, Switzerland. After severe and sudden
injuries, people often report the sensation of floating over their
body, looking down, hearing what is said, and then, just as suddenly,
find themselves back inside their body. Out-of-body experiences have
also been reported to occur during sleep paralysis, the exertion of
extreme sports and intense meditation practices.

Read more of this article.

Study: Seniors having more sex than you think

CNN, August 24th, 2007

Many older Americans routinely engage in vaginal intercourse, oral sex
and masturbation, a landmark study into a long-taboo subject reported
Wednesday.

“From a societal perspective, I would say that old people are young
people later in life,” said Dr. Stacy Tesler Lindau, lead author of the
federally funded study, which was published in the New England Journal
of Medicine.

Sexual activity reported among the 3,005 men and
women who participated in the survey did decrease with age,
particularly among the oldest participants — from 73 percent among
those 57 to 64 years of age to 53 percent among those 65 to 74 years of
age to 26 percent among those 75 to 85 years of age.

Discussion of the sex habits of American seniors has received little attention, even from scientists.

“Hopefully, this opens the door for conversation that might counter
stereotypes,” Lindau told reporters in a conference call. “If we regard
older people as asexual, particularly as physicians, we really miss an
opportunity to do important counseling and interventions for people who
may benefit from them.”

Among the survey’s many discoveries was
that about half of those 57 to 75 years of age who remained sexually
active reported engaging in oral sex.

Read more of this article.

NewRetirement Retirement Calculator:   Assess your retirement plan with the NewRetirement Retirement Calculator.

Insure a Great Retirement

The Motley Fool, August 24th, 2007

You can’t plan for everything. But with some foresight, you can plan for the important things in life.

The basics of retirement planning are pretty simple. Put aside part
of everything you earn, and then invest it. If you save enough and
invest well, by the time you’re ready to retire, you should have enough
to live without the income from your job.

The problem is that things don’t always work out that simply. So how
can you deal with the surprises that threaten to trip up your plans for
retirement? Here are a few pointers on common situations that people
face.

Loss of income
Clearly, if something happens
to you that threatens your paycheck, the first thing on your mind
probably won’t be how to continue saving for a retirement that may be
decades away. For singles without children, it’s probably most
important to have adequate health insurance coverage to pay the
expenses of an unexpected illness or injury.

But for those with families, things can be tougher. High costs of
living in many areas make two jobs an economic necessity for many
families. If you’re depending on having both of those paychecks, any
disruption to either stream of income can leave you unprepared, forcing
you to eat into your savings and jeopardizing your future plans.

Read more of this article.

NewRetirement Retirement Calculator:    Assess your retirement plan with the NewRetirement Retirement Calculator.

Most U.S. elderly now have drug coverage: study

Reuters, August 24th, 2007

Despite early criticisms, the
Medicare Part D prescription drug plan has succeeded in
boosting drug coverage among older Americans, especially for
those who need it most, according to a University of Michigan
analysis.

More than 90 percent of Americans aged 65 and older now
have prescription drug coverage, compared to more than 75
percent who had drug coverage in 2004, U-M economists David
Weir and Helen Levy report.

“Fewer than 10 percent of seniors lack drug coverage now,”
Weir told Reuters Health.

The findings are based on interviews conducted with a
nationally representative sample of 10,175 seniors. The seniors
were asked about drug coverage in 2004 before Medicare Part D
started and again in 2006, after the prescription drug program
took effect.

“The unique aspect of this study is that Part D
participation can be looked at in context of income, health, Rx
use, prior Rx coverage, and other factors,” Weir noted. “The
key findings are that Part D participation is widespread and
this helped to ‘level the playing field’ in the sense that low
income seniors are now just as likely to have prescription drug
coverage as high-income seniors.”

The most surprising result, according to Weir, is the
change in confidence with the program. “In late 2005, people
expressed a lot of confusion and worry about making bad
decisions. In 2006, people mostly said the decision was not
very difficult and they had confidence they had made a good
choice,” Weir told Reuters Health.

Read more of this article.

Medicare and Your Retirement:   Learn what Medicare will cover during your retirement, and whether you
will need Supplemental Health Insurance to cover other potential
medical costs.

Protect Your Assets With Long-Term Care Insurance

The Street, August 23rd, 2007


If you haven’t considered long-term care insurance yet, this might be a
good time — and not just because health care costs are spiraling. More
and more states are developing long-term care partnership programs that
make it easier for you to protect your nest egg.

The cost of long-term health care can easily burn
through your life’s savings. According to the recent annual s
tudy
conducted by Genworth Financial,
the average hourly rate for a home health aide is $25.47 per hour, or
nearly $53,000 per year for 40 hours per week. An assisted-living
development costs, on average, $32,583 for a private one-bedroom, and a
private nursing home room is $74,806 per year, or $204 per day.

Project those costs across several years, and you might not have
assets left to enjoy yourself or have money to leave to your children.
Only after having impoverished yourself would you be able to seek
access to Medicaid services.

But if you purchase a policy through a long-term care
partnership program, you could qualify for Medicaid after you exhaust
the policy’s benefits, rather than waiting until you’re flat broke.
That means you can retain your assets, up to the value of the policy,
provided you meet all the other requirements to be eligible for
Medicaid.

Read more of this article.

Long Term Care Insurance:
  Learn more about whether long term care insurance is a good asset protection strategy for your retirement on NewRetirement.com.

Five Key Questions to Ask When Selecting a Reverse Mortgage Lender

Earthtimes.org, August 23rd, 2007

With
the introduction of several new product and pricing options, there has
never been a better time for seniors to consider a reverse mortgage. In
the first half of 2007, the industry has seen a flurry of new, lower
priced products that offer greater benefits to the consumer as well as
a range of new providers who have announced plans to, or have already,
entered the market. This is great news for senior homeowners who have
begun considering reverse mortgages – but it can also cause great
confusion when choosing the right lender or in choosing the product
that will best suit the senior’s needs.

So
much rapid change over a short period of time can make choosing a
lender and determining the best product a daunting task. However,
Financial Freedom, the nation’s largest provider of reverse mortgages,
has identified five important questions that prospective borrowers
should ask lenders when discussing reverse mortgages.

1.Are you a member of the National Reverse Mortgage Lenders Association (NRMLA)?

Not
all lenders are created equal. NRMLA is the industry’s trade group that
requires members to follow a best practices model and code of conduct
when working with seniors seeking information about reverse mortgages.
Even though reverse mortgages have numerous built-in consumer
safeguards to protect seniors, it’s a good idea to select lending
organizations with a national presence.

Read more of this article.

About Reverse Mortgages:  Learn all about reverse mortgages at NewRetirement.com

Medicare No Longer to Pay for Preventable Hospital Errors, Injuries or Infections

The Washington Post, August 20th, 2007

Medicare is changing its coverage so that it will no longer pay for
hospital incidents that could have been prevented, according to theNew
York Times.

These conditions were caused by negligence or
improper medical practice, theTimesreports, and the Bush administration
has decided that Medicare will no longer pay the additional costs for
treating them. Included are conditions and infections such as bedsores
(pressure ulcers), injuries caused by falls in circumstances where they
could have been prevented, and infections resulting from use of
catheters for long periods.

Private insurers, too, are
considering following Medicare’s lead, which may cause hospital
officials to place emphasis on reducing staph infections and medical
errors and replacing health workers who are neglectful of patients’
needs.

According to theTimes, figures from the U.S. Centers for
Disease Control and Prevention show that almost 100,000 people a year
–about 270 a day — die in U.S. hospitals from improper treatment or
neglect.

Some of procedures have been termed “serious preventable events,” such
as leaving a sponge in a patient during surgery or giving a transfused
patient the wrong blood type. Medicare says it will no longer reimburse
hospitals for these mistakes, the newspaper reports.

Read more of this article.

Medicare and Your Retirement:  Learn what Medicare will cover during your retirement, and whether you will need Supplemental Health Insurance to cover other potential medical costs.

Industry Association Offers a Standard Representation of the Life Settlement Process

Marketwire, August 21st, 2007

The Life Insurance Settlement Association
published a graphic representation of the life settlement process. “This
is our effort to clear up some of the mystery and misinformation
surrounding the process so that everyone can work from a common
understanding,” says LISA Executive Director, Doug Head.

LISA’s The Voice of the Industry, is a seasonally published industry
newsletter for public policy makers and interested parties. This
publication, available on the LISA web site, is also offered to LISA
Members for use in their work with the public and consumers. “An essential
piece of our ongoing effort,” explains Head, “is to achieve a point of
common understanding about what a settlement is — and what it is not.”

There is much confusion surrounding the life settlement process. The Voice
of the Industry seeks to eliminate the confusion by establishing a common
model. “This issue is of the highest importance. It just makes sense to
devote an entire issue of the newsletter to thoroughly address the life
settlement process,” says Ramiro Rencurrell, LISA President. Head adds,
“Fortunately or unfortunately, interested parties such as public policy
makers, regulators, and especially the media are frequently confused about
life settlement transactions. This confusion benefits no one.”

“Mystification and sensationalism have been used by opponents of the
industry to bury issues of relevance and to raise minor issues to
prominence — setting up straw men for denunciation, rather than letting
the truth come forward. LISA wants a common context for discussion,” Head
explains. In the end, LISA believes that many consumers who could benefit
from Life Settlements do not understand the concept or process.

Read more of this article.

Life Settlements on NewRetirement:  Learn about who should consider a Life Settlement and when on NewRetirement.com.

Are you saving enough for retirement?

The Motley Fool, August 22nd, 2007

ACCORDING TO the 2006 Retirement Confidence Survey,
more than half of American workers have saved less than
$50,000 for retirement.

Let’s say you’re a typical 40-year-old
working American, with $20,000 socked away and about 25
to 30 years until you retire. How will that money grow for
you? Well, here’s what happens when we assume that you
earn the stock market’s average long-term return of
10 percent: By age 50, it has become $51,875. By age 60,
$135,550. By age 70, $349,000.

According to our Rule Your Retirement newsletter (try
it free at www.fool.com/shop/ newsletters), in order to
make your nest egg last, you should conservatively plan
to withdraw about 4 percent of it per year in
retirement. Four percent of $349,000 is almost $14,000.
That’s about $1,200 a month. Will that be enough?
For many people, the answer is no.

Fortunately, it’s not too late for most of us. We
can, and should, ramp up our savings and investing. Here
are some other suggestions:

  • Run the numbers and see how you’re doing.
    Retirement calculators online can help. Make a plan to help
    you reach your goals.
  • Make good use of retirement plans available at your
    workplace. Many employers offer free money to those
    who contribute. Take advantage of any contribution
    matching that’s offered.
  • Wring some more dimes from your budget. Learn how to
    live well while you save and invest in “The
    Motley Fool Personal Fi nance Workbook” by David
    and Tom Gardner (Fireside, $15), “The
    Millionaire Next Door: The Surprising Secrets of
    America’s Wealthy” by Thomas Stanley and
    William Danko (Pocket Books, $15) and “The
    Complete Tightwad Gazette” by Amy Dacyczyn
    (Villard, $23).
  • Read more of this article.

    NewRetirement Retirement Calculator: 
    Assess your retirement plan with the NewRetirement Retirement Calculator.

    Vaccine Stops Alzheimer’s Brain ‘Tangles’

    Health Day News, August 21st, 2007

    A vaccine designed to combat
    a protein implicated in Alzheimer’s disease has proven effective in mice,
    U.S. scientists say.

    Abnormal tau protein accumulates into damaging tangles in the memory
    center of the brains of Alzheimer’s patients, noted a team at the New York
    University Medical Center (NYUMC).

    However, the new NYUMC-developed vaccine prevented tau tangles in
    several regions of the central nervous system of mice that were
    genetically engineered to produce abnormal tau proteins.

    The vaccine prompted the immune system to produce antibodies that could
    enter the brain and bind to abnormal tau, the researchers said. This
    prevented tau from forming harmful tangles and causing motor coordination
    problems in the mice.

    The study, which is published in the Aug. 22 issue of the Journal of
    Neuroscience
    , is the first to show that a vaccine can induce the
    immune system to combat abnormal tau protein.

    “This approach may have extensive therapeutic implications, because you
    can specifically target the problematic protein,” team leader Einar
    Sigurdsson, assistant professor of psychiatry and pathology, said in a
    prepared statement.

    “Tau aggregates are inside the cell, making it especially difficult to
    develop a therapy to target and clear them from the cell,” Sigurdsson
    noted.

    Read more of this article.

    Medical Bills and Retirement:
      Learn how serious medical crises or long term care needs can affect your retirement plans.



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