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Older Americans’ spending habits can change quickly as their financial circumstances evolve say, from paying off a home mortgage or due to a spouse’s retirement but new research finds that many retirees and retirement savers don’t adjust accordingly.
Using data from the University of Michigan Health and Retirement Study, the nonprofit Employee Benefit Research Institute found that retirees typically spend less as they age, but their spending patterns may change over time. The findings suggest that following “the 4% rule” where you withdraw 4% of your portfolio during the first year of retirement, with annual adjustments for inflation thereafter may not be wise advice for many seniors with shifting spending priorities, says Dr. Zahra Ebrahimi, the EBRI research associate who wrote the paper.
COVID-19 vaccine greeted with optimism, camaraderie at Metro Health
Updated Dec 18, 2020;
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GRAND RAPIDS, MI A wave of emotion swept over Melissa Goebel Friday morning as she began injecting her colleagues at Metro Health-University of Michigan Health with the hospital’s first doses of Pfizer’s COVID-19 vaccine.
As a nurse at the Wyoming hospital, she’s seen the toll the infectious respiratory disease has taken on patients and families, as well as her colleagues working on the front lines of the fight against COVID-19. So, when she was offered the opportunity to help administer the vaccine, she jumped on it.
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West Michigan health departments, hospitals team up on new vaccine website
Consortium wants to encourage people to get COVID-19 vaccine
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By: Zac Harmon
and last updated 2020-12-15 15:33:59-05
GRAND RAPIDS, Mich. â Dozens of area health departments, hospitals, colleges, and community organizations teamed up to create a new resource for information on COVID-19 vaccines.
The result is the Vaccinate West Michigan website. The consortium behind it says the site will be the go-to for reliable information on vaccine availability, distribution plans, and safety of the vaccine.
âThe COVID-19 vaccine is safe, highly effective and will be our best defense against the virus,â said Dr. Adam London, director of the Kent County Health Department. âBut it wonât be available to everyone immediately. Itâs critical for the residents of West Michigan to have access to accurate, timely and consistent information about the vaccine so we can