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Terry Savage: A widow’s guide to financial and emotional recovery

Terry Savage: A widow’s guide to financial and emotional recovery

On average, women live longer than men. It’s an actuarial fact known by every insurance company and financial planner. At age 65, the life expectancy of a woman is 20 years, while men at the same age have a life expectancy of 17 years.

So, it stands to reason that the 2020 Census Bureau reports that there were 11,271,000 widows in the United States at the time of the survey and only 3,487,000 widowers.

Grieving widows outnumber widowers by a ratio of 3:1.

And that’s the starting point for the new sixth edition of “On Your Own: A Widow’s Guide to Emotional and Financial Well-Being” by Alexandra Armstrong, CFP, and Mary R. Donahue, Ph.D. I praised this book when the first edition came out in 1993, saying on the cover: “If a woman you know is widowed, don’t send flowers — send this book!” And that recommendation is still on the cover of this latest updated version.

Armstrong has been a legendary Washington, D.C.-based financial planner since we first met years ago through the International Women’s Forum. Her firm currently manages more than $1 billion in assets, much though certainly not all of it, owned by women. Donahue is an expert in grief and the emotional aspects of widowhood. read more

First look: Where to see Epcot’s latest topiaries

First look: Where to see Epcot’s latest topiaries

A handful of new topiaries have debuted during the 2024 Epcot International Flower & Garden Festival. The new greenery-based figures are based on relatively recent Disney films and are part of an event lineup that features more than 70 characters.

Walt Disney World typically mixes things up, finding new locations and ways to spotlight the topiaries. This year, for instance, visitors see a dandelion-blowing Goofy near the upper edge of the floral banks between World Showcase and World Celebration neighborhoods. And this year, there are completely new flower beds for planners to play with and populate thanks to the ongoing transformation of Epcot.

Here’s what to look for – and where – at this year’s flower fest, which runs through May 27.

Asha and Star, two characters from the 2023 Disney film ‘Wish,’ are part of the front display at the 2024 Epcot International Flower & Garden Festival. (Joe Burbank/Orlando Sentinel)

Wishing well

Who: Asha, Valentino and Star from “Wish,” a Disney animated film released last year.

Where: Front and center, just inside the main entrance of Epcot.

What you’ll see: Asha, the teenage heroine of the film, in a dress of flowers, reaching out toward the wish-granting Star, as Valentino, pet goat of Asha, frolics. (Asha was played by Arian DeBose, and Alan Tudyk gave voice to Valentino.) read more

Owners of second homes in Florida could be moved out of Citizens insurance

Owners of second homes in Florida could be moved out of Citizens insurance

TALLAHASSEE — Some Floridians with state-run Citizens Property Insurance could soon find their homeowners policies shuffled to an unregulated insurer.

In a first for the state, lawmakers are poised to allow companies known as surplus lines insurers to take out policies from Citizens. Up to 80,000 Floridians — those whose second homes are covered by Citizens — could find themselves with policies lacking basic consumer protections, such as a guarantee that their claim could be paid.

Senate Bill 1716 and House Bill 1503 have sailed through the Legislature with few questions asked and almost no debate. But it would be a marked shift in policy for the state.

For decades, only regulated insurers were allowed to take policies out of Citizens, the insurer for Floridians who can’t otherwise find coverage.

That was in part to protect consumers. These regulated insurers pay into the Florida Insurance Guaranty Association, which ensures that open claims will be paid if the company goes out of business. State regulators also examine the companies’ financial health and approve the forms they send consumers and the rates they charge. read more

Florida-bound this fall, new Sun Princess cruise ship makes maiden voyage

Florida-bound this fall, new Sun Princess cruise ship makes maiden voyage

Princess Cruises welcomed passengers aboard the largest ship ever built for the cruise line as the Sun Princess made its maiden voyage from Rome on Wednesday.

The 177,882–gross-ton ship has a 4,314-passenger capacity based on double occupancy. It’s the first of the line’s new Sphere class of ships, the first to run on liquefied natural gas, part of parent company Carnival Corp.’s efforts to reduce emissions.

It’s a big jump in size from the Royal-class ships including 2022’s Discovery Princess, 2020’s Enchanted Princess and 2019’s Sky Princess, which come in at around 145,000 gross tons with about 3,660-passenger capacities.

It won’t call Port Everglades home until October and begins its spate of European voyages until then with a 10-night Grand Mediterranean cruise.

“This is an historic day as our new Sun Princess sets sail on her inaugural voyage, and our guests get to experience our sensational, next-level, Love Boat firsthand,” said Princess Cruises President John Padgett in a news release.  “The ship is a magnificent showcase of advanced design, technology and craftsmanship, with elevated spaces and experiences all focused on taking the Princess vacation experience to a new level.” read more

SpaceX slips in Starlink launch after Crew-8 gets delayed until Saturday

SpaceX slips in Starlink launch after Crew-8 gets delayed until Saturday

Bad weather along the launch corridor for a planned human spaceflight from Kennedy Space Center has prompted at least a two-day delay, so SpaceX took the opportunity to shoehorn in a launch without humans from nearby Cape Canaveral Space Force Station on Thursday.

Plans had been to prep all day for the Crew-8 launch that was set to lift off from KSC early Friday, but SpaceX instead launched a Falcon 9 from Canaveral’s Space Launch Complex 40 carrying 23 of the company’s Starlink satellites, lifting off at 10:30 a.m.

 

The first-stage booster for the mission flew for the 11th time and made another successful recovery downrange in the Atlantic on the droneship Just Read the Instructions.

Now delayed until at least Saturday, the Crew-8 mission aims to take up three NASA astronauts and a Russian cosmonaut to the International Space Station. NASA and SpaceX chose to delay because of poor offshore conditions for the flight track of the Crew Dragon Endeavour, including high winds and waves along the eastern seaboard. read more