Author: HairWeavings Editorial Team

How to Give Your Grandchild the Gift of Confidence

giving grandchildren confidence

Of all the traits that contribute to success in life, confidence rates at the top of the list. Unfortunately, children who have been born with physical or neurodevelopmental disabilities often receive messages from the world that chip away at their confidence.

Uncle Charley’s Magic Rope

When I was a child, I was clumsy and lacked coordination. The only way I learned to balance well enough to roller skate was to go across the width of the sidewalk.

Riding a bicycle was even more of a challenge. My two brothers and I shared one (boy’s) bike, and I was having a struggle learning to balance. Frankly, it didn’t seem like I would ever be able to ride a bike.

A bachelor neighbor, Uncle Charley, took pity on me after watching my frustrating attempts at bike riding. We lived just down the street from our elementary school, so Uncle Charley told me and the other kids to gather on the blacktopped part of the playground.

He said that he had a “magic rope” that would solve all my problems. Uncle Charley tied a short length of rope to the back bumper of the bike and told me to hop on and just ride. I wouldn’t need to worry about falling over because he would hold the other end of the “magic rope,” and it would keep the bike balanced.

Since I was a child, I never questioned whether a rope tied to the back bumper of a bike could hold it up. I just hopped on the bike and rode away because Uncle Charley had given me all the “magic” I needed to have confidence in my ability to ride a bike.

Building Confidence in My Children

When my own children were young, I wanted to spare them the frustration of not being coordinated enough to play in group sports. Our daughter went to dance classes early, and she is very physically adept. She participated in a high school dance team, skated and surfed on a competitive team.

Our son was born with a missing hand and other birth defects. When he was in second grade, he began to see double. We were so worried and took him from doctor to doctor, finally ending with an optometrist who specialized in vision training.

He recommended that our son should go into one of the martial arts classes because the patterned movements they learn would help with his neurological development that the doctor thought was key to the eye problems.

I was very worried about putting our son in Tae Kwon Do which involves a lot of high jumping kicks and breaking boards. I stayed at every class to make sure he didn’t get hurt. David did very well, and his double vision miraculously went away.

Going Full Circle

While attending an exposition, I won a free year of Tae Kwon Do. Although I never would have considered this before, I decided to give it a try. I can remember the Korean master, who was not much taller than I am, going behind me saying “you got to get coordinated.”

I have always had trouble with left and right, but gradually, I did learn the patterned movements and broke my share of boards. (Board breaking takes the ultimate in confidence.) I even moved through several levels of belts.

These baby steps in confidence building led to the big breakthrough for me. My husband’s new position required that he learn to play golf. His company sent him to golf lessons, and I decided to try a golf clinic for women and children.

Before that, golf was a game that I thought was more boring than watching grass grow. That is, until the first time I connected with a ball. Then I was hooked.

Golf is a very difficult game and requires many different skill sets. But the first instructor I had told me “you can do this” and just like with Uncle Charlie, my belief helped me overcome the natural balance and coordination problems I have.

I will never be an Annika Sorenstam, but I didn’t start playing golf until I was 59, and I have shot as low as 92, more than once.

Giving Your Grandchildren the Gift of Confidence

So, if you want to give your grandchildren the gift of confidence, tell them “you can do it” even if they are not natural athletes or scholars or whatever they are trying to learn. Even a little magic like Uncle Charley’s rope can help because children are not skeptics.

If your grandchild has problems with balance and coordination, gift them a trial at a family oriented martial arts studio or send them to dance, horseback riding, or tennis lessons. Whatever they might have an interest in trying. Individual activities are often the best choices so the child can progress at their own pace.

Make sure to visit the instruction studio first to be sure the teachers are encouraging to students who may not have natural gifts in the beginning. A positive experience now can give your grandchild the building blocks for a future that is brimming with confidence and the willingness to try new things.

Putting the magic of confidence in your grandchild’s Christmas stocking may be the best gift you ever give them.

How do you encourage your grandchildren to live with confidence? What gifts have you given them that taught them to trust they can do whatever they wanted to do? Please share with our community and let’s learn from each other’s examples!

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Braunwyn Windham-Burke’s Turquoise Beaded Strap Bikini

Braunwyn Windham-Burke’s Turquoise Beaded Strap Bikini at Lake Arrowhead

Real Housewives of Orange County Season 15 Episode 10 Fashion

Braunwyn Windham-Burke (who may we remind you has given birth to SEVEN kids) looked absolutely amazing at Lake Arrowhead on last night’s episode of RHOC in her turquoise beaded strap bikini. And although we’re not sure when the opportunity will next present itself for us to wear one of these things, we definitely wouldn’t mind it paddling it’s way into our closets asap.

 

Fashionably,

Faryn

 

Also Seen on Hannah Brown in Navy on The Bachelorette:

Hannah Brown’s Navy Bikini

Braunwyn Windham-Burke’s Turquoise Beaded Strap Bikini

Click Here to Shop Her ViX Bikini on Sale and in More Colours

Click Here to Shop Additional Stock of the Bottoms on Sale

Originally posted at: Braunwyn Windham-Burke’s Turquoise Beaded Strap Bikini

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Get More from Your Money with Retirement Distribution Planning

retirement-distribution-planning

One of the major concerns for those entering into retirement is no longer having a paycheck. In addition, there is a normal fear of running out of money and having to spend what we spent a lifetime saving. One of the primary issues is how to make withdrawals from the various accounts we have built up and the timing of withdrawing from these accounts, both personal and retirement.

Traditional vs. Alternative Approaches

There is the “traditional approach” which is withdrawing from the after tax portfolios first, then the tax deferred and then the taxable retirement accounts. However, this strategy tends toward having to depend upon the taxable accounts (IRAs) later, which can create much higher income taxes. This also increases the Medicare premiums!

There is a better way – a planned withdrawal strategy that uses all of the various assets and keeps the income taxes at a lower overall rate. This significantly extends the access to available resources. Let me explain by using an example.

Understanding Your Assets

First, I suggest setting up the withdrawals to coincide with the timing of when you were receiving a pay check. That means that if you got paid monthly, bi-weekly or twice per month you can do the same thing with your retirement income. That will generally reduce the stress of feeling like you no longer have a paycheck. You are now paying yourself!

Next, look at all of your resources such as:

First, personal savings and investments that are accessible without paying income tax except for capital gains and interest, the “after tax monies” you have accumulated.

Second, tax deferred accounts such as non-qualified annuities and deferred compensation plans.

Third, Roth IRA: tax deferred and non-taxable upon withdrawals if held more than 5 years and after age 60. Take advantage when you can as it may not be available in the future.

Next, qualified accounts: voluntary contribution plans such as 401(k)s and IRAs.

Then, pensions, although these are becoming less a factor unless you work for the government as many corporations have switched to voluntary retirement plans with no guarantees of future income.

Finally, Social Security, to begin at Full Retirement Age (FRA) or defer until age 70.

The Traditional Approach

The traditional approach would have you take your Social Security and any pension you might have and then withdraw from the first three accounts, leaving only a small reserve of after tax monies for emergencies, and leaving the qualified accounts for last.

The result of deferring the taxable retirement accounts is paying higher income taxes later in life. This may work if you become ill and need long term care, which enables you to write off the medical care costs against your income. However, it negatively affects you if you remain healthy and also penalizes your heirs as they get hit with the income tax liability after you die! Retirement plans do not get favorable “step up to basis” upon your death!

A Different Approach

A better way is to first determine what tax bracket you will be in during retirement and then try and maximize the income within that tax bracket. If you are married with taxable income of $50,000, you are in the 15% federal tax bracket and can have an additional $25,000 of income to remain in that 15% bracket. This means you can structure the income to derive from all of the accounts and look at how to maintain the long term income.

Social Security gets an 8% annual increase for each year you delay beginning the start date, up to age 70. This creates a significant increase of income over your lifetime if you live past age 82. There are situations when you would want to begin Social Security earlier, but, if possible, it is beneficial to defer the start date to age 70.

By deferring the Social Security start date, it will allow you to take withdrawals from your taxable retirement accounts or make Roth Conversions (taxable) from a portion of the IRAs and remain in the same tax bracket.

Take Advantage of Roth IRA Benefits

The Roth IRA is one of the best assets to leave your heirs as there is NO income tax liability! This would then reduce the amount of withdrawals from your personal portfolio, allowing you to maintain a larger portion for future needs without the tax burden.

In addition, if you retain personal portfolio investments, these would receive a “step up to basis” upon your death and would also pass with no income tax to your heirs. Additionally, spending a portion of the IRAs or converting a portion to a Roth would reduce the Required Minimum Distribution (RMD) upon turning age 70 ½, again saving on income taxes.

I know that this is a lot to absorb at one time. Maybe just think about how to pull from the various accounts in such a manner to give you a more balanced approach to providing lasting income during retirement.

When I have done this analysis for clients, the income can last 25% to 50% longer than the traditional approach! Get professional help to understand the various income taxes incurred by withdrawing from the different types of investment accounts to generate your retirement income.

Have you made a list of assets similar to the one described? Have you structured withdrawals to “pay yourself” on a schedule? Which of these approaches makes the most sense for you? What questions do you have? Please join in the conversation.

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Leah McSweeney’s Black Fur Slippers

Leah McSweeney’s Black Fur Slippers

Real Housewives of New York Instagram Fashion

Since I still have a lot of holiday shopping to do (it’s been wild trying to do it all this year!), I am also still looking for inspo for great gifts. The problem with me is that while I’m working , I see things like Leah McSweeney’s black fur slippers, and I immediately want to buy them for myself (yes, I am an only child in case you didn’t already figure that out). But since I do also enjoy giving, consider the deets on where to buy them below my gift to you.

 

The Realest Housewife,

Big Blonde Hair

 

Leah McSweeney's Black Fur Slippers

Click Here to Shop her Apparis Slippers

Check Out a Look for Less from Amazon HERE

Photo + Info: @LeahMob

Originally posted at: Leah McSweeney’s Black Fur Slippers

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Kelly Dodd’s Red Confessional Lipstick and Lip Liner

Kelly Dodd’s Red Confessional Lipstick and Lip Liner

Real Housewives of Orange County Season 15 Makeup

Last night Team BBH had the pleasure of a fun little tutorial and Q+A sesh (coming soon to BigBlondeHair.com!) with celeb makeup artist Kat Guevara, MUA to the stars and none other than Kelly Dodd. She gave us SO MUCH amazing info, and one little fun fact is that Kelly Dodd’s red confessional lipstick and liner are a hue that works well on many skin tones, not just Kelly’s. So if you’re looking to level up your holiday look, just keep scrolling and consider me Santa.

 

The Realest Housewife,

Big Blonde Hair

 

Kelly Dodds Red Confessional Lipstick

Click Here to Shop her MAC Lip Pencil in “Cherry”

Click Here for Additional Stock

Click Here to Shop her Pat McGrath Matt Trance Lipstick in “Obsessed”

Click Here for Additional Stock

MUA + Makeup Info: @KatGuevaraMUA

Originally posted at: Kelly Dodd’s Red Confessional Lipstick and Lip Liner

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