Active Living

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6/23
2000

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and I really don't have to work. I just
Weinberger, 42, has been in the
want to maintain my sanity."
financial planning business for 16
•
Dr. Mandell, 71, of West
years and his group manages $600
Bloomfield,
retired
in
1998
after
38
million in assets for about 1,500
years in Sinai Hospital's Pathology
accounts, mostly people in the 40-to-
Laboratory, including 14 years as
60 "pre-retirement" age group.
chairman.
"The first thing I did was to sit
With an eye on retirement, he
down with Mr. Stern and analyze his
relinquished his chairmanship of the
financial situation to make sure he
lab two years before leaving and
could retire," said Weinberger. "Like
remained a pathologist on its staff. "I
almost everyone else, he had to make
was
experiencing 60-hour work
some adjustments in his investments
weeks,"
he recalled. "Not only was I
and his lifestyle. But by doing this
doing the full lab work, including
five years out, it was comfortable for
autopsies, frozen sections and blood
him to ease into it.
banking, but, as chairman, I was
"The most important thing we do
active in state and local medical soci-
is to educate our clients about the
eties, belonged to many committees
prospects of retirement."
and attended a lot of evening and
The group does a cash flow analy-
weekend
events.
sis, checking anticipated income from
"I
slowed
down in order to ease
investments, pensions, company stock
into retirement," he said. His main
programs, social security, etc., always
concern was financial preparedness
with an eye on inflation. "It's actually
"to make sure I knew in which direc-
a budget process of the entire estate,
tion I was head-
and we try to simpli-
ing." He had been
fy the explanation as
contributing
much as possible,"
toward retirement
said Weinberger.
in a professional
"We also suggest
corporation (PC)
`bullet-proofing' of
used by many
estates against tax
physicians, dentists
burdens through
and lawyers. "It's
various trusts.
like a stock club,
Sometimes we work
where
we all select
with the client's
various
stocks to
attorney or accoun-
buy.
My
invest-
tant, and we even
ments in the PC
get involved in wills
have helped
and long-term care
immensely in the
recommendations."
retirement process."
Stern did hardly
Dr. Mandell and
anything for six
his
wife, Beatrice,
months after retire-
moved
from a
ment, except being
Dr. Gerald Mandell now enjoys
home
in
Southfield
involved with his
golf and the piano.
into a condo and
three children, six
own a winter
grandchildren and
condo in the Bradenton, Fla., area.
one great-grandchild, plus the
"We never had a big home or a big
Shriners and Masons. "But to keep
car or did anything fancy because we
from going mishuga (crazy)," he said,
put five children through college, not
"with a lot of time on my hands, I
to mention bar and bat mitzvahs and
returned to work on a part-time basis,
weddings," he said. "Now, we'recom-
"doing the same type of job, but for
fortable and having a good time."
the A to Z Bumper Co.in Detroit.
His wife had worked in a dental
Except now, we repair the new plastic
office, then part-time in a children's
or polyurethane bumpers.
clothing store, but she retired the
"I'm more of a good-will ambas-
same time as Dr. Mandell so they
sador," he beamed. "I go in from 10
could spend winters in Florida. "She's
to 3, four days a week, to stay active
a high-energy person, but she also
and keep my mind going. Thanks to
loves retirement," the doctor said. To
Howard, everything is set financially

