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Ditch Multitasking, Embrace Interstitial Time and Get Productive!

For years, multitasking has been a valued skill — one that many folks have become quite adept at and proud of — but scientific analysis is showing more and more that it amounts to being a jack of all trades, master of none.

Scientists say humans don’t actually multitask; the brain switches back and forth quickly from one task to another, which keeps it from operating at full capacity during both activities. Multitasking actually diminishes the focus and general effectiveness of what you’re trying to do compared to giving one task full attention before moving on to another.

[CLICK HERE to read the article, “What’s Really Happening in Your Brain When You Multitask,” from The Huffington Post, Feb. 2, 2015.]

[CLICK HERE to read the article, “Multi-tasking: how to survive in the 21st century,” from FT Magazine, Sept. 2, 2015.]

If multitasking can diminish effectiveness, it’s best if the important decisions get undivided attention. With our focus on retirement income strategies, we can help you work toward your monetary goals without a split-screen experience. We are financial professionals so you don’t have to be, so call us when you need a full focus on your retirement income strategy.

[CLICK HERE to read the article, “‘There’s No Such Thing As Multitasking,’” from Forbes, Jan. 7, 2015.]

There’s a space of time that could be used to accomplish some of the to-dos that often get multitasked. Instead of flitting between a series of tasks, use your interstitial time. This is when you have intervals during the day when you’re doing absolutely nothing. Most people feel they don’t have any extra time, but consider the time you spend waiting at the checkout line in a store, waiting to pick up your kids or grandkids from school or activities, riding an elevator, or even all that time you spend on hold.

Instead of wasting your valuable time at home or work — or rudely “multitasking” when someone’s trying to have a conversation with you — check your Facebook page or ballgame scores on your cellphone during these interstitial times. You can use these in-between times to return phone calls and respond to emails and texts. When you make better use of interstitial periods, you can free up time throughout your day for other things, other people or even for yourself.

[CLICK HERE to read the article, “Life’s Work: An Interview with Neil deGrasse Tyson,” from Harvard Business Review, January 2016.]

[CLICK HERE to read the article, “Lawyers, Here’s How to Take Back Your Interstitial Time,” from Legal Practice Pro, June 22, 2015.]

Searching for productivity often strains your creative energies most of all. After all, the new project idea, event title or anniversary gift idea never comes on demand, right? Multitasking and clicking through the never-ending task list — even if you are using interstitial time — doesn’t always leave room for the idea bulb.

When it comes to having creative and inventive ideas, the best time is usually when you’re a little tired, as a relaxed brain is more open to conjuring less obvious ideas. That means if you’re a night bird, you may have better ideas in the morning. If you’re a morning person, your fatigued brain may be more productive later in the day. Who knew?

[CLICK HERE to read the article, “The Best Time of Day to Do Everything at Work,” from FastCompany, June 23, 2015.]

[CLICK HERE to read the article, “The best time of day to take a break,” from The Washington Post, Sept. 14, 2015.]

We are an independent firm helping individuals create retirement strategies using a variety of insurance products to custom suit their needs and objectives.

The information contained in this material is provided by third parties and has been obtained from sources believed to be reliable, but accuracy and completeness cannot be guaranteed.

If you are unable to access any of the news articles and sources through the links provided in this text, please contact us to request a copy of the desired reference.

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New Year a Good Time for New Approach

We frequently resolve to reinvent ourselves in the new year — exercise more, eat healthier, read more or save more.

This concept of reinvention carries over to several aspects of the financial world as well, both personally and in businesses.

At a certain age, it’s common for people to put their materialistic desires behind them and focus on a more personal lifestyle. We grow up learning to want things, but after our income level reaches a comfortable level, we reflect on whether we have what we really want. At that point, our perspective can change.

If we can help you refocus your financial situation to match the type of lifestyle you want to lead going forward, we’re here for you.

[CLICK HERE to read the article, “Minimalist Living: When a Lot Less Is More,” from Time, March 15, 2015.]

[CLICK HERE to read the news release, “What Psychology Says About Materialism and the Holidays,” from the American Psychological Association, Dec. 16, 2014.]

Companies often find themselves needing to reinvent as a result of rapidly changing surroundings. Not long ago, Yahoo and Barnes & Noble were industry leaders. But, as new technology and competitors emerge, a period of poor sales or stock performance can put once-successful business models in need of a shakeup.

[CLICK HERE to read the article, “Is It Too Late to Reinvent Yahoo?” from Knowledge@Wharton, Jan. 4, 2016.]

[CLICK HERE to read the article, “How Can Barnes & Noble Avoid Borders’ Fate?” from Knowledge@Wharton, Dec. 18, 2015.]

An alternative method of reinvention is simply changing the impression presented to consumers through a rebranding. This could mean a new logo, a new look for brick and mortar stores, a new look for the website; basically good branding means creating a cohesive look across all customer touchpoints.

Does a new logo mean the service or product has changed? Perhaps. Sometimes companies rebrand to reflect changes, other times it’s just a new update to their look. While a fresh, new look could attract new customers in the short-term, if the product hasn’t improved, it won’t be long before it’s time for another overhaul.

[CLICK HERE to read the article, “When’s the right time to reinvent your brand with a new logo?” from W.P. Carey School of Business, Arizona State University, Jan. 4, 2016.]

[CLICK HERE to read the article, “Three ways Fortune changed in 2015,” from Fortune, Jan. 4, 2016.]

[CLICK HERE to read the article, “Goodbye, Moto(rola): Iconic brand name to be phased out,” from CNET, Jan. 7, 2016.]

The same can be true when it comes to reinventing our own situation. Sometimes we just “rebrand” ourselves, informing friends and family that we’ve joined a gym or started shopping at Whole Foods.

Truly reinventing ourselves requires commitment and discipline. We can’t just say we’ve made a change, we have to take the often painstaking steps to get there. If any of your reinvention plans involve your financial situation, remember that we’re here to help you develop a strategy and stick to it.

We are an independent firm helping individuals create retirement strategies using a variety of insurance products to custom suit their needs and objectives.

The information contained in this material is provided by third parties and has been obtained from sources believed to be reliable, but accuracy and completeness cannot be guaranteed. 

If you are unable to access any of the news articles and sources through the links provided in this text, please contact us to request a copy of the desired reference. 

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No Matter the Age, There’s No Place Like Home

For many, — hopefully most — “home” represents security and acceptance. A place to retreat when things don’t go your way; a place to celebrate when they do.

Not long ago, the holidays were the one time of the year when the family reconvened to spend time together under one roof. Now, it’s not uncommon for relatives to share a home year-round. Gone are the days when a son or daughter moved on to college or a career at the age of 18, only to return on special November and December occasions.

For better or worse, boomers are growing accustomed to welcoming back grown children, as well as seniors seeking care from a familiar face.

Retirees typically prefer to live in the comfort of their own home as long as possible, but the best alternative may be moving back in with adult children.

As your financial professional, we focus on helping clients feel confident in their finances now and in the future, and, if necessary, develop contingency plans, because even the best-laid plans can go awry. If we can help you with your retirement income plan, please contact us for a meeting.

[CLICK HERE to read the article, “The ‘elder orphans’ of the Baby Boom generation,” at CNN, May 18, 2015.]