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How to see the world and ‘arbitrage’ your retirement | Reuters

Thanks to the European debt crisis, for instance, Spanish real estate prices have dropped by around 40 percent since their 2007 peak. So think of it as an early retirement or seasonal interlude, and stretch your money to the max. “Realistically, there will probably be a later period of reverse migration, when mom eventually comes back and will need loved ones nearby to help out,” says Mitchell.

FOREIGN HEALTHCARE IS CHEAP

By that definition, Dan Prescher is a sophisticated arbitrageur. “The rules vary by country.”

(The writer is a Reuters contributor. Now factor in that an American man turning 65 can expect to live to age 83, and a woman to 85, according to the Social Security Administration. Consider that at the end of 2012, the average 401(k) balance of those ages 60 to 64 was $133,100, according to Boston-based Fidelity Investments. But retirees can take out private policies abroad that will cover them across country lines. You can exploit price differences by earning money in some countries and spending it in others. Prescher and Haskins have a policy through U.K.-based Bupa (www.bupa-intl.com), which secures them annual, global coverage for $5,600 for the two of them.

The U.S. Your money might have to last a long time.

An American couple retiring now will need roughly $220,000 to cover healthcare costs throughout their retirement, even with Medicare coverage, according to estimates from Fidelity.. housing market is looking increasingly robust again. You can pick up fatter dividends by investing in mutual funds that buy foreign stocks, and boost interest earnings by investing in foreign bond funds. But by residing in the village of Cotacachi in the Ecuadorian Andes, he has leveraged his income into a better lifestyle than he would ever enjoy stateside.

That kind of equation can be a game changer. Then you could crank up the purchasing power of all those income sources by living abroad for at least part of the year.

As of March 2013 the average Social Security benefit being paid out was $1,155, according to the Social Security Administration. And it’s not a perfect financial solution: You can’t dodge your U.S. In Nicaragua and Malaysia, for example, a couple can live comfortably for around $1,000 a month, according to International Living. And Prescher and Haskins bought their condo in Ecuador for the princely sum of $47,000 four years ago.

By Chris Taylor

| NEW YORK

Renting is cheaper abroad, too. “If you can cut your cost of living in half, it automatically makes your income twice as big. Prices vary by region, of course, but popular Mexican towns for American expats include San Miguel de Allende, Cancun and Puerto Vallarta.

Alas, you can’t take your Medicare benefits abroad with you. Greece is now offering long-term residency (including the right to work) to real estate buyers, in order to revive its housing market. That means the era of the screaming real estate bargain, as the market bottomed out around 2010, is largely over.

(Follow us @ReutersMoney or here Editing by Linda Stern and Douglas Royalty)

“It certainly seems to be happening more … “A lot of people are living abroad for at least a few months, because it can be so much less expensive than living in the U.S.”

Compare that with those who have residency visas in Costa Rica and who participate in the national healthcare system, which can run as low as $50 a month for full coverage, according to Prescher.

Currently about 350,000 retired Americans get their Social Security checks sent abroad, according to the Social Security Administration. “You can’t just show up in a place with universal coverage and say, ‘Fix my heart,’” says Don Whalen, a planner with Versailles Financial in Alpharetta, Georgia, who has many expatriate clients. Americans have been setting up outposts everywhere from Uruguay to Spain to Thailand, where the cost of living is considerably lower than it is in the United States.

But foreign healthcare systems may not always be accessible. especially early on in retirement,” says Olivia Mitchell, a retirement expert and director of the Pension Research Council at the University of Pennsylvania’s Wharton School. That may not go far in Miami or Manhattan, but in some popular expat locales it could cover monthly expenses very nicely indeed. And 3.3 million baby boomers are actively considering the possibility of retiring abroad, according to the trade publication Travel Market Report. income tax responsibilities, unless you give up your citizenship.

LOWER COST OF LIVING

Says Versailles Financial’s Whalen: “If you can move somewhere where suddenly everything is 75 percent off, it means your retirement savings will last that much longer.”

REAL ESTATE

NEW YORK In the financial world, arbitrage is a trading strategy that earns profit by exploiting price differences between markets.

That is where retirement arbitrage can help. You may have to navigate foreign bureaucracies, cope with foreign languages and customs, and live far from family and friends at a time when you are slowing down. You have instantly doubled the value of your savings.”

That is not necessarily so abroad. A couple retiring to Mexico could expect to rent a two-bedroom home for $800, according to a rough estimate by International Living magazine. The opinions expressed are his own)

And it probably won’t be forever. You can, for example, make money in the United States by collecting Social Security, pension or annuity payments. Here’s how:

Living abroad can present its own set of difficulties. The 58-year-old makes a decent living as a special projects editor for International Living magazine. Food, clothing, transportation and everything else may be cheaper abroad, depending on where you look.

“That’s the way we look at it,” says Prescher, who lives with his wife, Suzan Haskins, in an apartment with a view of Mount Imbabura

Negative Effects of Gambling

It causes a decline in his/her work performance, thus hampering his career.

Games offered in casinos, table games like poker, Red Dog, and Blackjack, as also electronic games like Slot Machine and Video Poker are some of the common types of gambling. It only leads to a thoughtless expenditure of money and valuables.

? Apart from absence at work and drop in efficiency, a common observation is that gamblers tend to steal money and engage in fraudulent behavior to recover from financial losses incurred when gambling, or to get more money to bet.

? According to a study by the George State University, 50% of the problem gamblers commit crime. Forget satisfaction or peace, it is not even refreshing in the real sense. A recreational activity is supposed to be refreshing and relaxing, but something like gambling is contrary to the very purpose of recreation. They engage in gambling activities at the cost of their time with family and friends. The greed never ends and they keep betting more and more. It soon becomes a habit that can’t be broken.

Mental and physical health problems, financial issues, and conflicts in the family are among the common negative effects of gambling. On giving a serious consideration to the negative effects of gambling, we realize that it is best avoided.

? Over time, the practice of gambling starts becoming a habit and begins to have damaging effects at psychological, physical, and social levels. Their mental state can even lead to suicidal tendencies.

? The costs of treating compulsive gamblers are huge. The two go hand in hand. In the following sections of this Buzzle article, we discuss the negative effects of gambling on the individual and society.

? As gambling leads to increased criminal activities, in a way, gamblers add to the burden on prisons and the legal system.. Rehabilitating the gambling addicts needs money and time, and the process is not very easy. Sports betting and arbitrage betting are the other types. The addiction has negative effects on one’s physical and mental health and it proves to be detrimental to one’s social, personal, and professional life. In spite of the losses incurred, they continue betting. The National Council of Problem Gambling (NCPG) describes this type of gambling behavior as problem gambling.

? People continue gambling with the greed of winning money. ? Children of parents who are problem gamblers or gambling addicts tend to feel abandoned and angry, further increasing stress and leading to strained family relations.

? They start borrowing money and take secret loans. The decision to gamble money is based on three parameters namely; how much to bet, the predictability of the event, and the conditions agreed upon, between the gamblers. Because of this, they land in worse situations and take the wrong decisions in life.

? A majority of those addicted to gambling have substance abuse disorders.

? Research has shown that gambling can lead to harmful behavior in people. The skill of a gambler lies in weighing the three parameters and making a decision about what amount should be staked and how much should be expected in return.

? Gambling has proven to be addictive. According to the National Research Council, 10 to 17% of the children of problem gamblers have been abused and so have 25 to 50% of the partners of problems gamblers.

You could be at gunpoint or holding the gun. A study by the same university suggested that 73% of the individuals who are imprisoned are found to be problem gamblers.

? Addiction to gambling has been linked with substance abuse. Thus, gambling practices cause a huge financial burden on the families of the affected and on the society at large.

? Substances of abuse are served at casinos and in pubs and clubs, thus increasing the likelihood of gamblers consuming them. The addiction leads people to continue with gambling irrespective of whether they earn or lose in the deal. To add to the so-called merry atmosphere, gamblers often smoke or drink while playing.

? According to a research by NCPG, 76 percent of problem gamblers are likely to have a major depressive disorder.

? Similar to how an individual keeps consuming substances like drugs or alcohol to experience an altered mental state, he continues to gamble. Some go that way to forget the sorrow of losing big sums when gambling.

? Gambling at the cost of one’s job results in a decline in the quality of his professional life. Due to lost mental peace, they may ill-treat their spouse and children. Their debt keeps building and it may reach an amount that exceeds their capacity to repay.

? Gambling is practiced as a means of recreation. The addiction robs a gambler of all the productive time and leads to loss of efficiency at work. The effect is similar to that of having a drug or a drink, which is why gambling changes one’s mental state and mood.

? People who fall prey to gambling tend to remain away from their families and waste money on other bad practices. This proves to be detrimental to their social and family life. It can drag you into crime, gambling isn’t fun.

? Gambling can lead to criminal activities. The stress of risking huge amounts of money or the frustration after losing it can increase the tendency of abuse in gamblers. Six to eight million people in America are estimated to have a gambling problem.

? An Austrian study said that around 1 in 5 suicidal patients had a gambling problem.

? The addiction to gambling can leave one in bankruptcy. The addiction gets on to the gamblers to such an extent that they fail to think wisely before acting. Betting is a mentally taxing activity, and as one goes on risking more and more money, anxiety starts building.

? Additionally, rehabilitation and public assistance systems are taxed.

? The stress from gambling may lead to health issues like ulcers, stomach problems, muscle pains, headaches, and problems with sleep.

? Gamblers often exhibit mood swings and a strangely secretive behavior. They tend to stay away from their near ones, resulting in distrust between them and their loved ones.

Initially, one looks at gambling as a way to run away from life’s problems, or from stress, anger, and loneliness. Card games, coin tossing, and dice-based games are some non-casino based forms of gambling. Some take to substance abuse to supplement the high they get from winning huge sums while gambling. When they lose the money they had risked, they further gamble to recover the lost amount and it becomes a vicious circle even they can’t escape from.

? According to the University of New York, in people with alcohol use disorders, the chances of developing an addiction to gambling are 23 times higher.

? Problem gamblers and addicts tend to abuse their family members. Thus, gambling can have a grave economic impact which is difficult to reverse.

? Studies show that children with a sibling or parent addicted to gambling, are more likely to take to substance abuse.

Gambling = Thoughtless Expenditure + Waste of Time

Compulsive gambling leads to bankruptcy

Gambling refers to the betting of money on an event with an uncertain outcome, with the intent of winning additional wealth. Over time, it becomes a habit, and eventually an obsession that can’t be overcome. Addiction to gambling, coupled with substance abuse can make the gamblers physically abusive towards their family

Traders on edge as Staples-Office Depot deal decision looms | Reuters

The implied move for Office Depot shares is about twice that much.

Office Depot calls, typically used for making bullish bets, were particularly active with 48,000 contracts traded, about twice the average daily volume.

Staples, the largest U.S.

On Friday, options on both companies were changing hands at a faster pace than normal.

(Reporting by Saqib Iqbal Ahmed, editing by Lewis Krauskopf and Andrew Hay)

Options traders have pumped up expectations for a large near-term move in the shares.

A decision is expected by May 10, Office Depot Chief Executive Roland Smith said last week.

Staples shares have fallen about 38 percent over the last year, and on Friday, were nearly flat at $10.19. office supplies retailer, agreed to buy the second-biggest player, Office Depot, in a $6.3 billion deal in February of 2015, but the U.S. Hedge funds often employ options as a low-risk alternative to the outright purchase or sale of shares.

The 30-day implied volatility readings for both companies, a gauge of the risk of a big move in the shares, are at multi-year highs.

An injunction could kill the deal since protracted litigation makes it difficult to hold a merger together. Federal Trade Commission, which regulates competition, sued in December to block the merger.

Risk arbitrage is a speculative strategy that attempts to generate profits by buying the stock of the target company, and possibly selling short the acquirer’s stock. District Court for the District of Columbia is expected to decide next week whether to grant the FTC’s request for a preliminary injunction to block the transaction until an administrative judge can review it.. Office Depot shares, down about 33 percent for the past year, were up 2 percent on Friday to $6.06.

The U.S. “Volatility has increased substantially over the last week, but there is no clear indication on which way the ‘smart money’ is leaning,” said Jim Smith, options strategist at OTR Global.

These, however, may not be outright bullish bets, said Fred Ruffy, analyst at options analytics firm Trade Alert.

NEW YORK Options traders are bracing for wild gyrations in the shares of Staples Inc and Office Depot Inc as the companies await a ruling that could scuttle their pending merger.

“I think some of these are institutional people positioning to play this as part of a risk arbitrage if the deal moves forward,” he said.

Based on options prices, Staples shares could swing by about 18 percent in either direction by May 20

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