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Highlights: Third Round of U.S. Strikes in Syria, Social Security's Resilience During Shutdowns, Thanksgiving Travel Risks, Iceland Volcanic Alert, & Financial Tips!

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Hello and welcome to this week's edition of the Journey and Joy newsletter! Here's your bi-weekly infusion of curated insights and exciting stories to brighten your day. Enjoy the journey!

In response to ongoing attacks on American troops in the Middle East, the U.S. conducted precision defensive strikes on a weapons storage facility and command center used by Iran-backed militants in Syria. The strikes aim to deter further escalation and protect U.S. personnel and interests. This marks the third round of retaliation, with the latest operation targeting groups responsible for attacks in Iraq and Syria. Defense Secretary Lloyd Austin emphasized the U.S.' commitment to defending its forces, stating that all necessary measures will be taken to ensure their safety.

In the event of a government shutdown, Social Security checks, Medicare, and Veterans Affairs benefits will continue without disruption. Approximately 67 million Americans, including retirees and those with disabilities, rely on Social Security. However, nonessential government functions may cease, affecting federal employees. Programs like WIC may temporarily halt, and economic consequences could arise. Stay tuned for updates on the situation.

As Thanksgiving approaches, a record-breaking 55.4 million people are expected to travel, with air travel projected to be busier than ever. However, the looming government shutdown poses a risk as it could force TSA employees and air traffic controllers to work without pay during the peak travel period.

Key Points:

  • Record Travel Numbers: TSA estimates screening around 30 million passengers between Nov. 17 and 28, with Nov. 26 expected to be the busiest day. AAA projects 49.1 million people driving for the holiday, with Nov. 22 as the peak travel day.

  • Government Shutdown Concerns: If a shutdown occurs, it could impact essential airport personnel, potentially affecting travel operations.

  • Air Travel Performance: Despite concerns, air travel performance this year has been relatively stable compared to pre-pandemic years, with on-time arrival percentages in line with previous data.

  • Gas Prices: Unlike last year, drivers may experience lower gas prices this Thanksgiving, with the national average currently at $3.36 per gallon.

In brief: Over 700 earthquakes hit Iceland since midnight, heightening the risk of a volcanic eruption. The seismic activity is centered around a 9-mile-long magma intrusion near Grindavik, posing a threat to infrastructure, including the Blue Lagoon. Thousands evacuated, state of emergency was declared. Stay tuned for updates.

As locally acquired malaria resurfaces in the U.S., scientists from UC Irvine, UC Berkeley, and Johns Hopkins have developed genetically engineered mosquitoes carrying anti-malaria genes. Using a gene drive, they aim to significantly reduce malaria infections, predicting over 90% reduction within three months. However, deployment faces delays due to activists calling for a global gene drive moratorium, highlighting the urgent need to address regulatory challenges.

As retirement approaches, the transition can be both mental and financial. To ensure a smooth journey into your post-work chapter, consider these eight financial moves recommended by experienced financial advisors:

  1. Calculate Cashflow and Create a Budget:

    • Identify steady, variable, and volatile income sources.

    • Choose Social Security filing age wisely for a lifelong impact.

    • Understand withdrawal rules for different retirement plans.

  2. Estimate Lifetime Needs:

    • Consider family longevity and health for a realistic financial plan.

    • Use retirement calculators to estimate required funds.

  3. Tidy Up Your Balance Sheet:

    • Pay down debts, especially high-interest ones.

    • Assess the benefits of mortgage repayment versus cash liquidity.

  4. Review Your Investments:

    • Consolidate retirement accounts for clarity and efficiency.

    • Locate old plans and roll funds over to avoid tax complications.

  5. Build a Cash Stash:

    • Maintain an emergency fund for unexpected expenses.

    • Consider holding up to two years' worth of cash for market downturns.

  6. Estimate Your Taxes:

    • Project retirement income and assess potential tax changes.

    • Consider the tax implications of Social Security benefits and retirement account withdrawals.

  7. Plan for Healthcare:

    • Secure health insurance before Medicare eligibility.

    • Plan for additional coverage and long-term care.

  8. Put Other Affairs in Order:

    • Update beneficiaries and ensure accurate records.

    • Establish a will, estate plan, and healthcare directive.

    • Designate a personal representative or executor for a seamless transition.

Remember, consulting a qualified financial advisor can provide personalized guidance for your unique situation, ensuring a secure and fulfilling retirement.

Winning Shopping Spree GIF by Amazon

Gif by amazon on Giphy

Our latest exploration delved into the realms of Amazon's Best Sellers lists across diverse categories. Here, we present the top three standout selections, ensuring a uniquely curated experience just for you.

👕 Clothing, Shoes & Jewelry:

🏡 Home & Kitchen:

🔌 Electronics:

 Handmade:

Beauty & Personal Care:

Some of the links we've included are from our partners or sponsors. This means we may earn a little something if you make a purchase – but don't worry, it won't cost you anything extra! Remember, investing always comes with its share of risks. There's no guarantee you'll make money, and you might even end up losing some. That's why it's super important to do your own research and really dig into things. We're all about your success, so we're keeping it real with you – always!"