Traditionally, there was a model of retirement planning known as the "three-legged stool." In that model, people would rely on three sources of funding to cover their costs once they retired: a pension, Social Security, and their personal savings. With Social Security's trust funds emptying more quickly than previously projected and pensions largely evaporating, that three-legged stool clearly isn't as stable as it may have once appeared.

Still, if you want to retire, you'll need some way to cover your costs. With that in mind, these five unexpected sources of retirement income just might do the trick to help you cover your costs in your golden years.

Image source: Getty Images

Just because you're reached a certain age doesn't mean you have to stop working for a living. For instance, Warren Buffett is 91 years old and still serves as CEO of a giant company. You might want to leave the rat race and focus instead on a more personally fulfilling although less well-compensated role, but you can still collect some paycheck for your efforts.

Working a bit can help in several ways. The income and any potential benefits are of course nice. It also puts structure in your day and can give you some form of social outlet. There's even some research that suggests some people who keep working might live longer than those that completely call it quits earlier.

In addition, the later you wait to start collecting your Social Security -- up until age 70 -- the higher your monthly benefit check will be. If working just a little bit longer gets you enough cash so that you'll get a larger Social Security benefit, it can help you shore up your ability to cover your costs once you do call it quits.

If you live in a home that you bought to raise a family and assure your children got strong educations, you might be living in a giant source of cash to cover your costs. If you downsize to a smaller house in a lower-taxed community, you can free up money in several ways.

First, downsizing your home will likely reduce your ongoing upkeep and maintenance costs. Second, all else equal, a less expensive house will likely be taxed less than a more expensive one. If you also actively seek out a lower-taxed community, you can even get a bigger benefit. And of course, any equity you free up from downsizing is money you can put to use to cover your future retirement costs.

If downsizing is impractical, could you potentially rent out a bedroom or two in order to bring in some much needed cash flow? In addition to the extra cash, you might get lucky and find tenants that are willing to help out a bit around the house.

Becoming a landlord does involve costs and risks, and you will have to do things like depreciate the part of the property that you're renting. Still, the money can go a long way toward helping you cover your costs once you're no longer drawing a paycheck.

Although the primary purpose of a Health Savings Account is to help you cover your out-of-pocket healthcare expenses, it can also serve as a source of funding for your general expenses in retirement. Once you reach age 65, you can take penalty free withdrawals from your Health Savings Account for any reason.

That makes Health Savings Accounts very similar to Traditional IRAs from a tax perspective for those age 65 and up. There are still a few key differences, though. For one, Health Savings Account withdrawals to pay qualifying medical expenses will still be tax free. For another, there are no required minimum distributions for Health Savings Accounts. And for another, you cannot roll your Health Savings Account into a Roth IRA like you might be able to roll your Traditional IRA balance.

As the old saying often attributed to Benjamin Franklin goes, "a penny saved is a penny earned." Many people find that as they reach retirement, their costs of living -- other than healthcare -- drop. If your house is paid off, your kids are independent, and your costs of working go away, your available cash just might go farther than it did before.

In addition, once you stop earning a paycheck, you'll stop paying the Social Security and Medicare payroll taxes, as those are only levied on salary or contractor style income. Plus, without the time pressures of work, you may have more time to handle tasks that you used to contract out -- like potentially cooking, cleaning, and basic home maintenance. That can also help your money go further.

Lower costs and lower taxes help your money go farther, allowing you to live a comparable lifestyle on less cash. That can feel like a boost in income, even if in reality you're just reaping the benefits of lower costs.

Unless you're one of the few for whom the traditional three-legged stool of retirement planning will still provide a comfortable lifestyle once you stop working, you need a plan that can get you there. Whether you expect to use one or more of these five unexpected sources of retirement income or forge a different path there for yourself, the important thing is to make progress toward your goal.

The sooner you get started, the easier and more likely it will be for you to get to a place where you can cover your costs in your retirement. So get started now, and improve your chances of reaching financial comfort that lasts through your golden years.

Link:
5 Unexpected Sources of Retirement Income - The Motley Fool

Our next issue celebrates the heroes of the automotive world. To celebrate that celebration, Road & Track is hosting a Cars & Coffee event in Malibu. If you're free in February, you should join us.

We'll be bringing some cars from the issue, like the first Shelby Cobra and Elvis Presley's Lincoln Continental Mark IV, but this is a Cars & Coffee. If you can bring your car, we have plenty of room for more. Just pick up a ticket here.

In addition to launching the issue at the event, Editor-In-Chief Mike Guy will be on hand to discuss the issue with an industry icon over coffee. After the meet, R&T will be making a donation to some local heroes, the California Wildlife Center.

It all happens at the Malibu Racquet Club on February 6. The event is limited, so secure your space today on our dedicated experiences website.

This content is created and maintained by a third party, and imported onto this page to help users provide their email addresses. You may be able to find more information about this and similar content at piano.io

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Celebrate Our Automotive Heroes With Us at Our Upcoming California Cars & Coffee - RoadandTrack.com

John Hansen casually tells me this story as he shows me around his new restaurant space at 743 E. Fourth St. And quietly I breathe a sigh of relief, as I often do when someone truly gets it.

Every time I wander through a farmers market and I see a table of tomatoes that look as if theyve been sprayed with speckles of green, I feel the same as Hansen: Just because a tomato can be tricked into growing in December, it doesnt mean it should. It doesnt taste good, so why eat it?

And if youve ever carefully grown tomatoes of your own you understand what Im saying because you realize that mid-summer cherry tomatoes can actually taste like cherries. You look forward to persimmons and sunchokes in the fall, Carra Carra oranges in the winter, morels in the spring, and plump berries that stain your fingers and taste like candy in the summer. Fish, poultry, even coffee has a growing season, and thats what Hansens Chez Baccus restaurant is going to offer because thats what farm-to-table is. Seasonal.

Hansen tells me that the chef wants to go to the farmers markets every morning, but Id rather hed hire a forager.

Not to be confused with a forger who copies things, a forager is a gatherer of foods. In this respect, a forager is a person who Chef Chris Meehan could take to the farmers markets and show exactly the quality to look for, and then that persons only job would be to shop at the farmers markets for high-quality seasonal menu ingredients.

This, people, is farm-to-table. Or I guess more appropriately farmers market-to-table, which is really just splitting hairs, isnt it? The important thing is that Chez Baccus is stepping up the game in Long Beach.

Hansen, a level-three sommelier with decades of experience under his belt, looks up at the arches in the vaulted ceiling of the former garage that was converted into the short-lived restaurant Fourth & Olive (and even shorter-lived PigBurd) and expresses respect for the beauty, telling me that he is going to illuminate the ceiling to add dimension to the dining room. But hes quick to point out, as he admires his vision through the construction, that the focus is on the food.

Hansen, formerly a sommelier of Napa Rose, along with Chef Chris Meehan, and General Manager Anthony Alvarez, are taking a different approach to this space, where form will follow function. Meehans redesign of the exposed kitchen setup will dictate how food flows from the kitchen, which will, in turn, have an effect on how the food comes out, which affects how and where the servers move and how the dining room functions. Every detail is thought out.

Alvarez describes the farm-to-table concept as like Chez Panisse but with global inspiration, serving foods inspired by seasonality, so Meehan can spotlight the ingredients without the constriction of a regional theme. Each dish will be prepared with a world of possibilities in mind, to be professionally paired with old-world wines.

Hansen mused that they had just had lunch and Chef Meehan asked the server whose coffee the restaurant used, and the server had to check. Amazed that this was a question that wasnt easily answered, Hansen explained the team at Chez Baccus is going to be trained to know about everything they serve, right down to the possibility that all servers may be trained and certified as first-level sommeliers, so they can better understand and explain the wine selection and pairings being offered. (Alvarez mentioned to me the possibility of public wine classes as well, although that isnt necessarily set in stone yet.)

In addition to sommelier-paired wine service, the new eatery will be offering weekend tea service, where customers can chat over traditional tea or wine (or cocktails when the place gets its license) with towers of finger sandwiches and light bites. The tea service will be the mid-meal on the weekends between brunch and dinner service.

If youre an early riser looking to grab a cup of locally roasted coffee on the go to get your morning started, well, theyve got that thought out, too. While the door to Chez Baccus is going to be on Fourth Street, a separate entrance on Olive Avenue will be home to the retail caf, Petite Baccus, where, in addition to coffee flowing, they will be offering baked goods and to-go foods, as well as takeout if youre craving farm-to-table fare but dont feel like dining out or cooking.

And how can you have a wine-driven restaurant with a caf without a wine club? You cant. Chez Baccus will also be offering a wine club where members can pick up their wines at Petite Baccus and store the wines in temperature-controlled lockers customers can rent by the month. (Pricing and number of lockers arent available yet, nor are the pricing or details for the wine club.)

While the city is running behind on permitting food venues the group behind Chez Baccus is shooting for a soft opening at the end of February with a grand opening in early spring.

Chez Baccus will be at 743 E. Fourth St.

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New farm-to-table restaurant Chez Baccus sprouting this spring on Fourth Street the Hi-lo - Long Beach Post

The whole idea of Posse is that you go into these urban public school systems and theres students there that otherwise would not be found, and the SAT score has become a problem in getting these kids into the best schools, said Ubbens son, who later was chairman of the national Posse Foundation. So he wanted to celebrate the underdog who was flourishing in a tough environment and then give them the opportunity. And the cool thing about Posse is that (students) go with a cohort of 10 to one (university), so if you go by yourself from an African American community to, say, DePauw, you might be very alone, as DePauw is in the middle of nowhere, but if you go with a group of 10 that you train with you can actually change the campus, which is what Posse does.

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Timothy Ubben, investment executive and philanthropist who helped low-income students go to college, dies at 84 - Chicago Tribune

Michigan Wolverines football added to its wide receiver room Monday, with former Jackson State wideout Daylen Baldwin, a graduate transfer with two years of eligibility remaining, choosing the Maize and Blue over an offer from rival Ohio State.

Baldwin worked out in front of offensive coordinator and wide receivers coach Josh Gattis and other staff members late last week, earning an offer shortly thereafter.

Baldwin began his collegiate career at Morgan State, where he caught 16 passes for 181 yards and one touchdown as a freshman in 2017 and racked up 14 catches for 152 yards and one score as a sophomore in 2018.

He sat out the 2019 season, before playing in the spring of 2021 for head coach Deion Sanders at Jackson State. There, he exploded for a conference-best 540 receiving yards and seven touchdowns on 27 catches in just six games, which earned him first-team All-SWAC honors and the league's title of Newcomer of the Year.

RELATED: Jackson State Transfer WR Daylen Baldwin Commits To Michigan Football

RELATED: Sights And Sounds From Michigan Football's Big Visit Weekend

Playing in the Big Ten at Michigan will be quite a step up for Baldwin, who was an unranked recruit out of Waterford (Mich.) Mott. Some players making a leap of this proportion excel, while others aren't able to put it all together. But Baldwin has done nothing but ascend since entering college football in 2017, and has some physical tools size, physicality, ball-catching ability, etc. that have a good chance of translating to a higher level.

Michigan, which had just 26 passing plays of 20 or more yards last season, has been searching for more explosiveness on offense. Baldwin won't single handedly be the answer, but he's going to help in that regard. Last season, he racked up 20 yards per reception (the 15th-most in the FBS), which included an average of 9.2 yards after the catch.

Baldwin doesn't just add value when he's being targeted, either. He is a stellar run blocker, showing he's willing to do the dirty work, and actually led Jackson State's entire team including offensive linemen with a run-blocking grade of 82.1 this spring. He got plenty of work in that area, having been in on 177 run-play snaps last season.

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Examining Michigan's WR Room Following The Addition Of Daylen Baldwin - Rivals.com - Michigan

The idea that Fabio Paratici and Tottenham Hotspur could win the transfer of Sassuolo midfielder Manuel Locatelli is positive for Spurs future engine room.

With a new Managing Director of Football at the helm who came from Italy, we can expect new transfer rumors to connect Tottenham and various Italian clubs almost daily. Some rumors pick up steam and others fizzle out. One new rumor that would boost Spurs faithful and help in the middle of the park is Tottenham signing Sassuolos midfielder.

Manual Locatelli is a 23-year-old Italian midfielder. If you were not familiar with Locatelli and his work in Serie A before the start of Euro 2020, you likely are familiar with him now. Locatelli is the deep-lying playmaker that Tottenham needs and is the perfect complement to PierreHjbjerg.

Locatelli is a true box-to-box player. The Italian is a midfielder who is equally comfortable standing a player up at the top of the penalty box to block a shot or make a tackle as he is playing a one-two at the top of the box for a shot or shot assist. Per 90 this past season, Locatelli had less than four fewer touches in the attacking third as he did in the defensive third.

Whereas PierreHjbjerg often looks for the safe, smart pass, Locatelli looks for the creative, decisive pass. Whether a through ball up the seam or a little chip reminiscent of Christian Eriksen, the Italian has an eye for the pass. Crosses, corners, switches, the Toby ping; Locatelli has it all in the bag.

Beyond competence on the ball, and in possession, the man is stout defensively. Locatelli next toHjbjerg as the two deep midfielders would provide Tottenham with a ton of flexibility going forward and in defense. In short, that calm on the ball the team has missed since Mousa Dembele left would return.

What would be best about signing Locatelli is that it would give Spurs a natural replacement for Moussa Sissoko who will hopefully move on. Add in the introduction of Oliver Skipp, who is something between Locatteli andHjbjerg, and you have yourself one heck of a deep midfield rotation.

Last season Tottenham struggled in the deep midfield finding the right foil forHjbjerg as Moussa Sissoko wore down. UltimatelyHjbjerg wore down as well and Tottenham was left short. Even if Sissoko is sold, having Locatelli,Hjbjerg, and Skipp should provide Spurs with all they need in terms of rotation in the deep midfield.

Locatelli is going to cost a bit more thanHjbjerg, currently valued at $38.5 million (27.3 million) according to transfermarkt.com. With rumors of interest from Chelsea, Manchester City, and Arsenal, among others, if Tottenham were to win his signature it would be a real win and a great fit.

Maybe Tottenham will not sign Locatelli when it is all said and done but he is exactly the kind of talent we would hope to be linked with under the new football management. Of course, signing the man would be even better, so lets hope Paratici does it!

See the article here:
Italian the perfect addition for Tottenham Hotspur midfield - Hotspur HQ

Modern Bathroom Interior stock photo 3d render

Rising in popularity as a high-end bathroom option, wet rooms transform the look, feel, and functionality of a bathroom into a waterproof space. Originally created as a functional way to fit more into a small bathroom, designers have been creating wet rooms that feel more like spas. While most wet rooms are covered in tile and include an open shower, some may be surfaced in other waterproof materials, have a half-wall of glass by a shower, or include a bathtub with a separate drain.

The biggest challenge of a wet room is ensuring that the entire room is securely waterproofed, and that the water flows into the rooms main drain. With the right materials and installation, a wet room can become a good return on investment. Keep reading to find out more about modern wet rooms.

Because the shower floor does not have a visible shower tray and the walls do not need a divider to contain shower water, the surface materials can continue seamlessly throughout the room. These unbroken surfaces help to make the bathroom look roomier.

The elimination of transitions can make a bathroom easier to use for those who can no longer step into a tub or over a shower curb. Also, wet rooms can be easier to clean, because you can use the same types of cleaners on all of the surfaces.

With an open shower, its conceivable that water will splash around the room and get any towels, toiletries, and even toilet paper wet. And, the humidity that a traditional shower held now makes its way across the whole room. Excess moisture, sealing and waterproofing, and drainage are some of the top concerns in a wet room.

If youre considering a wet room and are worried about the entire room getting wet, you can install extra ventilation to help prevent mold and mildew. You also can incorporate in-wall storage for toilet paper, towels, and accessories to avoid dampness. Anti-slip flooring helps make it safer to walk around in a wet room and a radiant heat flooring system helps water evaporate more quickly from the floor surface.

RELATED: 10 Bathroom Trends You Might Regret

The main design rule when it comes to creating a wet room is making sure that the space is waterproof. Beyond that, there are seemingly endless possibilities for the bathrooms shape, fixtures, and finishes.

While some wet rooms are tiny spaces crammed with the essentials, some luxury bathrooms use a glass wall with a glass door to divide a bathroom into a wet room side (with shower, sink, and tub) and a non-wet room side. There also are wet room bathrooms that have a partial glass partition separating the shower from the toilet and sink.

Since a wet room needs to be waterproof, there is a limit on the types of materials and home decor used in the bathroom. Many opt for tiling the surfaces in a straightforward simple pattern, but mosaics, patterns, and inlays of other tiles or materials can be used. Other surface options include sealed concrete, stone, and metal.

Even though wet rooms can still have bathtubs, they usually are only in larger wet rooms and are separate from the shower. They also benefit from a separate drain.

RELATED: All You Need to Know About Doorless Showers

Remodeling an ensuite in the main bedroom or a secondary bathroom in a home can raise the value of a property. According to Remodelings Cost vs. Value Report, the renovation of a bathroom can have a return on investment of about 60 percent. Since many buyers tend to look at a high-end modern wet room and consider it a luxurious addition, it might recoup somewhat more at the time of sale.

Unlike a traditional bathroom where occasional drips and spills may hit the walls and floors outside of a shower, the entire room will get wet. So, instead of simply tiling just the shower, the entire room needs tile. In some cases the ceiling is tiled, too. This process protects the structure and surrounding rooms from water damage and helps fend off mold and mildew in the wet room.

Covering all of the surfaces in a waterproof material, like tile, from top to bottom can get expensive. The waterproofing applied underneath the tile also adds to the cost.

Read the original:
The Pros and Cons of Wet Bathrooms - BobVila.com

When veteran running back Giovanni Bernard joined the Tampa Bay Buccaneers this offseason it was immediately assumed hed fill the LeSean McCoy role from 2020.

In his role, McCoy touched the football a total of 25 times in the regular season. Not a big workload to replace if youre Bernard. And it seems in the early going, hes positioning himself in line to carry a much bigger burden than his predecessor did.

Speaking to Scott Smith, senior writer and editor of Buccaneers.com on the Locked On Bucs Podcast, my cohost James Yarcho asked about the new addition to the running back room. Unfortunately, Smith says hes doing a bang-up job.

He looks like hes fitting in really well, and that just makes this way more complicated for me.

Why would a veteran back doing a good job early on be a problem? Well, for the exact reason I wrote about at the top. If hes taking the McCoy role, there isnt much room before he starts eating into touches for other running backs.

Coach Arians said he considers both (Ronald Jones II) and (Leonard Fournette) starters, which I think is the case, Smith said. Thats kind of what it looks like. And then I know theyd like to get KeShawn Vaughn a little more action. So how do you divvy up all these touches?

Its a problem worthy of talented NFL coordinators and coaches like Arians and Byron Leftwich. Fortunately, with things returning to normal a bit more every day, theyll have a full training camp and three preseason games to help them see just how to best employ all of their talented running backs. Assuming of course, as Smith also pointed out, they can all maintain their health through it all.

I think its going to be a long time, well into training camp (and) right up to the season before we have a very good idea - you know, barring injuries of course - what kind of role is available to Giovanni Bernard. Or is he going good enough as a third-down back that you wont be able to keep him off the field and thatll cost the other guys some touches. Its a good problem to have obviously...

As problems come, this is the variety youd like to have. More talent than snaps, and a roster full of guys looking for titles, not Pro Bowls. Of course, theyd probably all appreciate getting both.

For more on this and to hear the rest of our conversation with Scott Smith, check out the Locked On Bucs Podcast.

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Bucs have a good problem in their running back room - Bucs Nation

DAVIE, Fla. -- Tua Tagovailoa brushed off a very rough Day 1 of Miami Dolphins minicamp -- one that included five interceptions -- as a product of emphasizing more aggression in the passing game.

It was the closest thing to real football for the Dolphins, who wore helmets for the first time this offseason, and offered small glimpses of what a new offense would look like for Miami. But the lasting memory was the defense's dominance against the quarterbacks; in addition to Tagovailoa's five, backup Jacoby Brissett threw two interceptions in fewer reps.

"Obviously, you want to be smart, but if there's a time to make mistakes, now is the time to make mistakes," Tagovailoa said. "We're just seeing what we can fit into holes, what we can throw into coverages, come into the film room and then learn from it."

Much of practice consisted of a torrential downpour, and the Dolphins never left the outside field. It was clear coach Brian Flores wanted them to play through the adverse circumstances.

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"Today the emphasis for us, quarterbacks, we wanted to be aggressive today within the pass game. We wanted to see if we could fit throws in, see what throws we could make under these conditions. We wanted to push the ball vertical down the field," Tagovailoa said. "There were some plays that didn't go our way, but those are plays we can take away from in the film room."

The biggest criticism for Tagovailoa as a rookie was his hesitancy to throw deep and throw to open receivers. That is going to be a priority in the new Dolphins offense, and Tagovailoa has to perform better than he did in Tuesday's practice.

After practice, Tagovailoa accepted responsibility for the rough day but overall viewed it as a learning experience rather than an indictment of where his game is right now.

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With 'some plays that didn't go our way,' Tua Tagovailoa opens Miami Dolphins minicamp with five interceptions and film to study - ESPN

NORWELL For years, Norwell Select Board member Ellen Allen worked on the detailed designs for the new library.

When she finally saw it in personlast week, it was quite anexperience.

"I have to say I was surprised how nice it was," she said. "I was really surprised. Even going through the detailed design phase, I didn't picture anything this amazing."

The new library opened on Monday, June 14,the first time Norwell has had an open library building since the pandemic lockdown began in March 2020. The schedule is 10 a.m. to 8 p.m., Monday through Wednesday and 10 a.m. to 5 p.m. Thursday through Saturday. The library will open on Sundays in the fall from 1 to 5 p.m.

The new building dwarfs the old one, at three times the size, and emphasizes its connection to the surrounding forest, with large windows that provideviews ofthe greenery.

"It's really stunning and a big upgrade," Allen said.

March 31, 2021: Norwell's new library is nearly complete

More: Hingham town hall, library and senior center are reopening full-time to the public

The old library, that once occupied the same space as the new library, was in "really bad shape," Allen said. The new library is perfectly located for children in the nearby middle and high schools.

"It was way too small and it wasn't ADA (Americans with Disabilities Act) compliant. This addresses all of those things," she said.

The new library comes with nooks and crannies for people to read, to work on computers, or to just relax. That even includes two covered porches, one is screened. The town received a state grant for 40 percent of the cost.

April 2019: Norwell Public Library says goodbye to its old home and prepares for move

More: School library to be named for former Milton school superintendent

Library Director Judy McConarty said the feedback on the new library has been purely positive.

"People are just wowed by this new library," she said. "It's light and bright and the wood is all a light maple. There are windows everywhere that bring the outside in. And people love the porches."

McConarty has been telling patrons they will have trouble finding a favorite spot because there are so many nice areas in the library. In addition to the forest surrounding it, there is a garden in the courtyard, which also serves as storm water management. Although everything has been planted, it will take some time before the courtyard blossoms.

October 2017: Norwell to vote on $15.4 million library project

More: North Quincy library branch set to reopen 2 years after abrupt closure

"I think people are surprised that it is as nice as it is," McConarty said. "One comment I received was Norwell really has a building to be proud of here. It's been a stream of people just saying this is fantastic, this is beautiful, this is so wonderful for Norwell."

In addition to the collection and the spaces in between, the new library also has multiple study and meeting rooms, a new feature not in the older, smaller building. The building also has a workshop, that can accommodate classes from quilting to coding, as well as a local history room. There is also a bright and welcoming children's section,she said.

The library trustees must pass new policies on how the rooms are used before reservations can be made, McConartysaid.

Duringthe summer,live programming will return to the library.

"The space is for people," McConarty said. "As you walk through the library, there are an abundance of resources for people. Soft seating or study tables and chairs, outdoor seating, the study rooms and meeting rooms, there's just an abundance of space for people to study and gather."

Where: Norwell Public Library

When: 10 a.m. to 8 p.m., Monday to Wednesday and 10 a.m. to 5 p.m. Thursday through Saturday

Resources: Wi-Fi throughout the building, reading spaces and public computers

Thanks to our subscribers, who help make this coverage possible.If you are not a subscriber, please consider supporting quality local journalism with a Patriot Ledger subscription.

Reach reporter Wheeler Cowperthwaite at wcowperthwaite@patriotledger.com.

Original post:
New Norwell library officially opens at triple the size of its predecessor - The Patriot Ledger