Top Five Things Investors Want (and Need)

Julie Henley McNamara and Jason Spievak of Entrada Ventures, photo by Daniel Dreifuss for Santa Barbara Independent.

Julie Henley McNamara and Jason Spievak of Entrada Ventures, photo by Daniel Dreifuss for Santa Barbara Independent.

With a career as an investor and founder spanning three decades and a broad range of technologies from agricultural sciences to virtual reality, Entrada Ventures cofounder Jason Spievak believes these five things are critical for attracting investors.

1 INTEGRITY “There’s some core criteria that we look for, and job one is integrity, far and away. Because if you can’t trust someone, you can’t rely on them and you can’t work with them, so that is absolutely binary. There is no wiggle room on what I call situational ethics.”

2 THE RIGHT FIT “Does this person have the skill and the experience to do the thing that they need to do to succeed in their role? Are they actually the right person for the job, so to speak, in terms of skills, experience, and aptitude?”

3 A WINNING MINDSET “We all, unfortunately, know people who were raised from childhood to believe that success happens to other people and it’s their job to get the ball to the one-yard line and toil away in anonymity while somebody else makes it happen. We really want to invest in folks that believe that they deserve success.”

4 SOMETHING TO PROVE “It’s a little bit esoteric, but do they have something to prove? You want to bet on someone — I don’t care if you’re proving it to your mom, your dad, your teacher who gave you a B, your coach who didn’t start you, your boyfriend who broke up with you. Who feels like they have something to prove? They work really, really hard. And they work hard when no one’s watching.”

5 CHEMISTRY “Would you want to sit next to this person on an airplane for six hours? The only guarantee is you’re going to spend a heck of a lot of time together when you invest in someone’s company, and as a result, you want to enjoy that time. You want to be learning; you want to look forward to that time together and not roll your eyes when you see their name on the phone, so it’s pretty important. People talk about investing in someone’s company as being like a marriage. It’s more than marriage in a way because you can’t get divorced.”

BONUS POINTS: PROVEN TRACK RECORD “There’s absolutely an overwhelming amount of evidence out there that shows that founders who build and successfully exit a company are more likely to do it again. So a proven track record is ideal. However, when you’re doing early-stage investing, as we like to do here in the region, it’s often the case that this is the first company for these founders; otherwise, they would not necessarily be seeking early-stage capital—they would have it already.”

entradaventures.com

Tech Talk Special Issue for Santa Barbara Independent, published October 1, 2020.

Tech Talk Special Issue for Santa Barbara Independent, published October 1, 2020.

 

Tech Talk Special Issue for the Santa Barbara Independent, originally published on October 1, 2020.

To read the issue as it appeared in print, please click here, Tech Talk 768_10_01_20

 

Tech Employers Talk Back

HG Insights' Elizabeth Cholawsky, photo by Daniel Dreifuss for Santa Barbara Independent.

HG Insights’ Elizabeth Cholawsky, photo by Daniel Dreifuss for Santa Barbara Independent.

As Santa Barbara’s tech sector continues to grow and evolve, so do the challenges and opportunities presented here. I asked a bunch of industry leaders for their observations, and what follows is a snapshot of what’s going on today.

ATTRACTING TALENT IS EASIER: A common complaint is that it’s hard to attract employees here compared to larger markets like Silicon Valley. “There’s a little bit of truth to that—you generally have a bigger pool—but you also don’t have the extreme competition and somewhat lack of loyalty of employees in that market,” said Elizabeth Cholawsky, president and CEO of HG Insights. “There’s a lot more turnover of employees in the Bay Area.”

As the former CEO of the Sunnyvale-based Support.com, Cholawsky said the challenges of attracting top talent are offset by advantages. “It is a small community, so people that aren’t at the top of their game often don’t survive in Santa Barbara because everybody knows everybody and experiences get shared pretty openly,” she said. “The cream of the crop rises in Santa Barbara because a lot of people want to stay here because it’s such a beautiful place to live. So you do your best to do your best, and if you’re not, it gets weeded out by the fact that we’ve got a tight-knit community.”

Others appreciate that advantage as well. “Santa Barbara is very underrated in terms of its ability to offer a challenging and a healthy tech environment, maybe without some of the rat-race elements that Silicon Valley has become,” said Mike Muench, CEO and president of Seek Thermal, who worked in Silicon Valley while a VP for Apple. “I’ve talked to a number of transplants from Silicon Valley at the executive or professional level, and, almost without exception, they’ve felt the same way: Why didn’t I do this 10 years ago? This still gives me all the technical and professional challenges that I need, but from a lifestyle tradeoff, it’s a lot more balanced and healthy.”

LONGER TENURES: “People who join the company tend to stay in the company longer, which is nice,” said ParentSquare cofounder Anupama Vaid. “In the Bay Area, the churn is so high.”

Having been a VP of the Leaf Group in Santa Monica, Entrada Ventures’ operating partner Julie Henley McNamara agrees. “There’s a real sense of loyalty here,” she said. “You’re not stressed when you get to the office because there wasn’t a lot of rigmarole to get there. From Carpinteria to Goleta, there is traffic, but nothing like the Bay Area or L.A.”

WORK-LIFE BALANCE: “Santa Barbara, especially in the day and age of COVID, offers a great quality of life and a growing, thriving, tight-knit community,” said Amy Meyer, Chief People Officer at AppFolio. “There are a lot of interconnections, just a couple degrees of separation, and the Santa Barbara community has a lot to offer. We also do a lot of work in the community—giving back through our employee driven give-back program.”

ParentSquare’s employees have access to Gold’s Gym just downstairs, explained Vaid, “and our Christmas parties and our annual get-togethers are always something outdoorsy.”

Nathan Ziv of Invoca said that their employees did a lot of team hikes prior to COVID, and that he often will take an employee out for a one-on-one meeting by walking to Stearns Wharf, just a few blocks from their office at the bottom of State Street. “When surf is good, go take a longer lunch and get in the water and then come back,” he said. “After that, you can do meetings and whatnot. I don’t think you can do that as easily in a big city.”

COMMUNITY COLLABORATION: The tech community’s interconnectedness is in part due to its relatively small size, but there’s also a concerted effort on the part of leaders to work together.

As the COVID pandemic began, Meyer from AppFolio helped create a forum for HR leaders in the tri-county area. “There’s about 15 to 20 of us from various tech companies that meet every couple of weeks, specifically to share best practices and what’s working and what’s not in navigating COVID and how to support employees through that,” she said.

Henry Ventura, who manages diversity, inclusion, and equal employment for the County of Santa Barbara, is spearheading a Diversity Roundtable coalition with a diverse group of companies. That includes leaders from Amazon’s Alexa branch on State Street, MarBorg, Deckers Brands, Just Communities, Invoca, Sonos, and Procore, among others, to promote equitable practices in the workplace.

COST OF HOUSING: The cost of living is “definitely a challenge,” said Meyer. “In light of living in a pandemic, people are now more than ever choosing where they want to live and having more flexibility. It’s going to get easier in some respects to recruit and to attract people to Santa Barbara because of that quality of life.”

CONTINUED EVOLUTION: Success will only create more opportunity, as Meyer explained, “Often, companies are headquartered wherever the founder lives.” But she believes the biggest continued growth will be thanks to UCSB’s established tech ecosystem and a growing talent pool from Westmont College.

She explained, “Both will continue to create the space for entrepreneurial, innovative thinkers and draw them.”

Tech Talk Special Issue for Santa Barbara Independent, published October 1, 2020.

Tech Talk Special Issue for Santa Barbara Independent, published October 1, 2020.

 

Tech Talk Special Issue for the Santa Barbara Independent, originally published on October 1, 2020.

To read the issue as it appeared in print, please click here, Tech Talk 768_10_01_20

 

Grazing to Go

805 Living September 2020, Grazing to Go, story by Leslie Dinaberg.

805 Living September 2020, Grazing to Go, story by Leslie Dinaberg.

“Cheese was the hero we all needed,” jokes one of Crystal Paterson’s Moorpark neighbors. Paterson’s new grazing box-to-go business, Love and Fromage (loveandfromage.com), is a great example of how culinary creativity has flourished in the days of COVID-19.

“Before COVID, I hosted parties at my house and would always make charcuterie grazing boards—the bigger the better,” says Paterson about her inspiration for the business. “I was always searching out new cheeses and ways to display and pair the cured meats and accoutrements.”

The curated boxes, which feature a new theme every week and are growing in popularity via word-of-mouth have fed participants on boating trips and date nights and at beach picnics, 50th anniversary celebrations, and driveway birthday parties.

805 Living, September 2020.

805 Living, September 2020.

This story was originally published in the September 2020 issue of 805 Living. Click here to read it as it appeared in print.

 

Active Aging 2020: Our Annual Guide to Senior Life, Seen Through a Pandemic Lens

Active Aging 2020: Our Annual Guide to Senior Life, Seen Through a Pandemic Lens; Santa Barbara Independent, Active Aging Special Section, July 30, 2020.

Active Aging 2020: Our Annual Guide to Senior Life, Seen Through a Pandemic Lens; Santa Barbara Independent, Active Aging Special Section, July 30, 2020.

This special section for the Santa Barbara Independent features the following stories (click on links to read them or click here to see the issue as it appeared originally.

Introduction to Active Aging

Aging with Grace and Humor: Etta “Honey” Miller Celebrates 105th Birthday

Providing Healthy Food for Healthier Lives 

Time to Move to a Senior Living Facility? Westmont Living Experts Answer This Question and More

The Shift to Telemedicine: Dr. William Gallivan’s Orthopedic Institute Lead the New Way

Healthy People, Healthy Trails: Broad Collaboration is Taking Seniors Into Nature

Building Better Bone Health With Osteostrong: Wellness Studio Fights Against Osteoporosis

Reverse Mortgages 101: Mutual of Omaha’s Montecito Office Offers Planning Advice

When Families Help Families: Mission Villa’s Brother-Sister Transition Team

Meet the Society of Fearless Grandmothers: Seniors Band Together to Fight Earth’s Destruction

The Cremation Quiz: Simply Remembered Educates About End-of-Life Options

Active Aging 2020: Our Annual Guide to Senior Life, Seen Through a Pandemic Lens; Santa Barbara Independent, Active Aging Special Section, July 30, 2020.

Originally published in the Santa Barbara Independent on July 30, 2020. To view the Active Aging Guide to Senior Life, Seen Through a Pandemic Lens, click here.

Time to Move to a Senior Living Facility?

Time to Move to Senior Living Facility, Active Aging Special Section, July 30, 2020.

Time to Move to Senior Living Facility, Santa Barbara Independent, Active Aging Special Section, July 30, 2020.

Westmont Living Experts Answer This Question and More

Today’s seniors and their loved ones have an abundance of choices when it’s time to move into a retirement community. But there remain many factors to consider when deciding the timing of that transition and determining which location is best for you. Experts from Westmont Living, which owns Mariposa at Ellwood Shores in Goleta, share their insights.

How do you know when it’s time to choose senior living?

“Ideally, families should start looking for an appropriate senior living community when when there isn’t a sense of urgency,” said Nick Begane, community relations director at Mariposa at Ellwood Shores, a senior community offering independent and assisted living as well as memory-care options.

Waiting lists can be very long for desirable senior living situations. Can you get on a waiting list even if you’re not quite ready to move?

“A family should start their research at least one year ahead of your desired move,” said Jack McCarty, vice president of sales and marketing for Westmont Living, which also runs The Oaks in Nipomo and will open The Oaks in Paso Robles in 2021. “When you find a place that meets a majority of your criteria, consider placing a deposit with the community so that you can secure a place when you are ready or when they have an opening.”

How can you tell if a place is right for you?

“Some communities allow short-term or respite stays,” said McCarty. “This allows for your parent(s) to spend time getting to know the community, those that work there, and to enjoy the amenities firsthand. Interestingly, some people stay rather than move out again. When that happens, it’s a win-win for the seniors and their families.”

What questions should you ask about a community?

• Is the building secure and do they follow the recommended CDC guidelines?

• How competent is their health support? Are they licensed to provide health services? Are nurses on-site every day? What are their COVID-19 procedures?

• Does the building look like a place that you would like to live?

• Do they have a fitness center or exercise options for optimum health and wellness?

• Is therapy after hospitalization available?

• Does the dining program provide the right menus?

“Once you have determined that a particular community is a good fit for your family member, then meet with a community relations person to review the payment structure and termination and refund policies,” said Begane.

How can you best learn about the culture and vibe?

“Ask to see the community schedule and look at the quality of the activities available and the frequency of social activities,” said McCarty. “Find out if the community can support the mind, body, and spiritual needs of your parent(s).

Stop by and have lunch and spend time observing your new home.”

COMMON SIGNS THAT EXTRA SUPPORT IS NEEDED INCLUDE

 short-term memory loss

 forgetting to pay bills

 not managing personal affairs

disorientation of time and place

 loss of normal judgement, such as making an illogical approach to a problem

 not cooking or eating regularly

 loss of weight

 poor home maintenance (dirty dishes, unwashed laundry, and clutter)

 poor personal hygiene (not bathing regularly, repeatedly wearing the same clothes without washing)

 not taking medication or following medicine instructions

 losing touch with friends, not socializing or participating in favorite activities

 showing signs of depression, like sleeping or crying

Westmont Living: westmontliving.com

Active Aging 2020: Our Annual Guide to Senior Life, Seen Through a Pandemic Lens; Santa Barbara Independent, Active Aging Special Section, July 30, 2020.

 

Originally published in the Santa Barbara Independent on July 30, 2020. To view the Active Aging Guide to Senior Life, Seen Through a Pandemic Lens, click here.

The Cremation Quiz

The Cremation Quiz, from Santa Barbara Independent, Active Aging Special Section, July 30, 2020.

The Cremation Quiz, from Santa Barbara Independent, Active Aging Special Section, July 30, 2020.

SIMPLY REMEMBERED EDUCATES ABOUT END-OF-LIFE OPTIONS

“The death of a loved one can be overwhelming,” says Dan Flynn, owner of Simply Remembered Cremation Care, a funeral home offering cremation services, home funerals, and green burials. “Planning for one should not be.”

When considering cremation services, it’s important to get the facts straight. Test your knowledge with this short True-or-False quiz.

1) The County of Santa Barbara regulates funeral homes and cemeteries.

False. They are regulated by The Cemetery and Funeral Bureau of the California Department of Consumer Affairs.

2) Embalming (preservation of a corpse from decay) is required by law.

False. Embalming is not required by law. The embalming trend was kicked off by the first celebrity embalming, Abraham Lincoln, said Flynn, explaining, “They stopped at every single town on their way to his final resting place.”

3) A deceased loved one’s body must be removed from the home within 72 hours.

False. There is not an amount of time by which a loved-one’s body must be removed from the home.

4) It is legal to hold a funeral in your home.

True.

5) Ashes may not be scattered at sea in California.

False. Ashes may be scattered at sea, provided they are at least 500 yards from shore.

6) Ashes may not be scattered in a lake, pond, or river in California.

True.

7) Ashes may be scattered on land in California.

True, provided you have permission from the landowner.

8) Cremation accounts for just 25 percent of all dispositions in the United States.

False. Cremation now accounts for 52 percent of all dispositions in the United States, 63 percent in California, and 90 percent in the Santa Barbara region.

9) Full-body burial at sea is not legal.

False. Full-body burial at sea is legal. The only requirements for full-body burial at sea are that the boat be a minimum of three miles offshore (federal waters) and in 600 feet of water. Due to the shallowness of the coastline in Santa Barbara, boats must go out eight miles to reach a depth of 600 feet.

10) A “green burial” means that no fossil fuels were used in the preparation of the body.

False. “Green burials,” which are legal provided the cemetery allows them, are when there is no embalming, no casket, and the body is wrapped in a cloth shroud and buried directly in the ground. There are currently no cemeteries in Santa Barbara that offer this option. A loved one’s ashes can also be planted in a “Bio Urn” that will grow a tree of your choosing.

11) “Water cremation” is illegal in California.

False. Effective July 1, 2020, California became the 14th state to allow “water cremation,” also known as alkaline hydrolysis. This is literally a warm, soapy bath, where the high-alkaline solution dissolves the soft tissue over a couple of hours. What remains is only the skeleton, which is then processed to a fine white powder.

Simply Remembered Cremation Care: simplyremembered.com

Active Aging 2020: Our Annual Guide to Senior Life, Seen Through a Pandemic Lens; Santa Barbara Independent, Active Aging Special Section, July 30, 2020.

 

Originally published in the Santa Barbara Independent on July 30, 2020. To view the Active Aging Guide to Senior Life, Seen Through a Pandemic Lens, click here.

Meet the Society of Fearless Grandmothers

Meet the Society of Fearless Grandmothers, from Santa Barbara Independent, Active Aging Special Section, July 30, 2020.

Meet the Society of Fearless Grandmothers, from Santa Barbara Independent, Active Aging Special Section, July 30, 2020.

SENIORS BAND TOGETHER TO FIGHT EARTH’S DESTRUCTION

The planet is in grave danger, and a vibrant group of grandmother activists has banded together to battle against the potential destruction of the earth.

This may sound like the tagline for a bring-the-whole-family blockbuster movie, but these superheroes aren’t fictional—they’re working in our midst right here in Santa Barbara.

Committed to nonviolent action and demanding urgent measures to address the Earth’s climate emergency, Santa Barbara’s Society of Fearless Grandmothers was formed last October.

After their first training session—led by two of the founding grandmothers of the indigenous group Idle No More S.F. Bay, and the Bay Area Society of Fearless Grandmothers— the group quickly built momentum. They rallied in front of the County Administration Building on Valentine’s Day, demanding the denial of new fossil-fuel project permits; they hosted a virtual Earth Day art project collaboration with their grandchildren; and they wrote postcards as part of an NAACP effort to reach people in states where voting rights are under attack, urging them to make sure that they are registered and to pledge to vote in November.

“Our hope is that people will really start to talk about the climate crisis issue and demand that we take some action, because otherwise our grandchildren a children are going to be in a world of hurt,” said Irene Cooke, one of Santa Barbara’s Founding Grandmothers. She’s a longtime climate activist who moved from Colorado to Santa Barbara in 2018, primarily to be near her daughter and young grandson.

“I replaced my mountain hikes with beach walks, and it makes me so sad to walk these beaches and know that, when my grandson is my age, those beaches won’t be here,” said Cooke. “They’ll be underwater. There won’t be any beaches, not to mention the issues with food production and migration and disease. The climate crisis will impact every aspect of life on earth.”

Frustrated with the restrictions mandated by the pandemic, the Society of Fearless Grandmothers — which  has about 40 members ranging in age from their late fifties to 85 — is currently using technology and other physically distanced tools to demand that COVID-19 responses focus on a transition away from the fossil-fuel economy to a system that addresses climate justice and protects people, not profit.

They are also adamantly opposed to racial violence, and one of their official statements connects that movement to climate activism: “We recognize that the impacts of climate change disproportionately affect people of color. We can no longer tolerate a planet where anyone’s right to breathe is compromised — whether by police brutality or by pollution.”

The Fearless Grandmothers fear that time is running out. “At a certain point, if enough action hasn’t been taken, it will be too late,” said Cooke. “And we’re not there yet. A lot of people have just said, ‘It’s too late, we can’t do anything,’ but that’s not true. The technology is there. It’s just a matter of the political will and people rising up to demand that we do something about this. That’s the main thing that we want to communicate.”

The Society of Fearless Grandmothers: fearlessgrandmotherssb.org

Active Aging 2020: Our Annual Guide to Senior Life, Seen Through a Pandemic Lens; Santa Barbara Independent, Active Aging Special Section, July 30, 2020.

 

Originally published in the Santa Barbara Independent on July 30, 2020. To view the Active Aging Guide to Senior Life, Seen Through a Pandemic Lens, click here.

When Families Help Families

When Families Help Families, from Santa Barbara Independent, Active Aging Special Section, July 30, 2020.

When Families Help Families, from Santa Barbara Independent, Active Aging Special Section, July 30, 2020.

MISSION VILLA’S BROTHER-SISTER TRANSITION TEAM

When it comes to senior services, the Newquists are keeping it in the family.

Sensitivity, understanding, and compassion are so important when it comes to helping people with the big changes in their lives. When seniors are moving out of family homes — either to “rightsize” into something more suitable, or to transition into life in an assisted living environment — it can have a dramatic impact on the entire family.

The brother-and-sister team of Dana Newquist and Nancy Newquist-Nolan works closely with families to help them through these changes in this emotional time in their lives.

Dana Newquist, who owns and operates the downtown Santa Barbara assisted-living dementia care specialist Mission Villa, has been in the memory care business for 24 years. He started his career in the early days of tech, founding Computer Plaza in 1981 (near Harry’s Plaza Café), as well as Montecito Video and Summerland Video. He was looking for a new venture in the mid-1980s when his sister Lyn Lorenzo, the oldest of the seven Newquist siblings, came to him with her gerontology degree in hand and a thesis project describing a new assisted-living model that was more like a home and less like an institution.

She’d taken the thesis to the bank for a loan, but they wanted a business plan. “Well, my sister was a great gerontologist, but she wasn’t very well schooled in business,” said Dana. “So she called me to write her a business plan.”

That plan turned into Country Village (countryvillagecare.com) in Chico, California, which is still operating.

“She was very progressive in her thoughts,” said Nancy about her admired oldest sister, who is now 78 and still actively involved.

The family ties keep coming. Nancy’s husband, Keith Nolan, principal of ON Design Architects (ondesignarchitects.net ), designed both Country Village and Mission Villa senior care homes. Meanwhile, Nancy is Coldwell Banker’s senior real estate specialist (nancynewquistnolan.com ), with training from the California Association of Realtors on understanding what seniors need when they go to sell a house.

Dana is also a Realtor and frequently works with Nancy on deals. In addition, Nancy used to own an estate liquidation business and brings years of experience in working with seniors and their families to sell the contents of their homes.

“When you’re going into a house to liquidate everything, you learn about so many aspects of life,” laughed Nancy. “When they get older, they stuff everything in their pockets or in books or in weird places. I always tell the family prior to us coming in: Please go through your family members’ pants pockets, coat pockets, flip through their books, because they tend to get dementia and start putting money in those places, and we want to make sure that we didn’t sell a book by accident that had a thousand dollars in it.”

The hardest thing is letting go. “They love their home, they have their memories, and they’re afraid,” said Nancy. “And you’re telling them to let go and move forward on to what will be a safer place for them. We try to be proactive instead of reactive. And being proactive means they can make the choice, and that’s what we highly suggest. That way, they still are able to have their say in what happens to them.”

Added Dana, “Trust is the whole deal — you’re dealing with the most important thing they have, and that could be a spouse, or a mom or dad.”

That’s especially true when going to a memory-care facility like Mission Villa, which works closely with hospice providers and is designed to be the last home a person will live in.

“This is really an end-of-life kind of facility,” said Dana.

The pandemic is only making compassionate care more challenging, as visitors are currently prohibited.

“Because we’re dealing with dementia, if you take a daughter or son away for even a week, let’s say, when the dementia patient has to be reinforced in memory all the time, they forget who somebody is,” said Dana. “We totally become their family.”

Thankfully, the Newquists are up to the task. “When you have seven kids in the family, you have to have grace and patience,” said Nancy. “We all seem to have that, which makes us really even keeled to help the seniors as we do.”

Mission Villa: mvcare.com

Nancy Newquist-Nolan: nancynewquistnolan.com

Active Aging 2020: Our Annual Guide to Senior Life, Seen Through a Pandemic Lens; Santa Barbara Independent, Active Aging Special Section, July 30, 2020.

 

Originally published in the Santa Barbara Independent on July 30, 2020. To view the Active Aging Guide to Senior Life, Seen Through a Pandemic Lens, click here.

Reverse Mortgages 101

Reverse Mortgages 101, from Santa Barbara Independent, Active Aging Special Section, July 30, 2020.

Reverse Mortgages 101, from Santa Barbara Independent, Active Aging Special Section, July 30, 2020.

MUTUAL OF OMAHA’S MONTECITO OFFICE OFFERS PLANNING ADVICE

A type of loan available to homeowners aged 62 and older, reverse mortgages allow people to borrow money based on the value of their homes. Unlike other loans, the debt isn’t immediately due. Instead, payment is deferred until the borrower either dies or sells the home, at which point the debt comes out of their estate or sale.

“In the right circumstances, a reverse mortgage can be a really nice thing for older homeowners in retirement,” said Tom Kronen, an advisor at Mutual of Omaha’s Montecito office who has specialized in this type of loan for almost 20 years. He often works with multiple family members and also prefers to get a trusted advisor involved, whether an attorney, accountant, or financial advisor.

“This is much more of a relationship business than the traditional one between a broker and client,” said Kronen. A reverse mortgage should not be seen as a silver bullet for financial survival, and Kronen does not suggest using it as a “stand-alone product.” He explained, “So you are utilizing home equity, but it’s better if you utilize home equity in coordination with retirement income and other assets.”

But it can be a worthy tool during tough times. “When financial markets are really volatile, and especially if you sustain losses in the market, that’s not a good time to pull money out of your savings and investment accounts,” said Kronen. “Instead, you can use a reverse mortgage to supplement your income and carry you over until the markets rebound.”

Many are concerned that this arrangement will interfere with their ability to leave money to their family when they’re gone, and there’s truth to that.

“Legacy is a really important thing, and it’s something that we always bring up in the conversation because it can really affect decision making,” said Kronen. “But a reverse mortgage sometimes can be even better for legacy; it just depends on the situation. One thing we like to say in our business is: A reverse mortgage is best when it’s not used as a last resort. It’s better if it’s used earlier in retirement and as part of a coordinated plan.”

You can actually use a reverse mortgage to finance the purchase of a new home. “If a retired couple or individual is downsizing or rightsizing into a new home from their old home, they can use a reverse mortgage exactly like they would get a mortgage in a new home,” he said. “But you are not obligated to have mortgage payments on that new house. You’re going to get to put more money in the bank.”

Active Aging 2020: Our Annual Guide to Senior Life, Seen Through a Pandemic Lens; Santa Barbara Independent, Active Aging Special Section, July 30, 2020.

 

Originally published in the Santa Barbara Independent on July 30, 2020. To view the Active Aging Guide to Senior Life, Seen Through a Pandemic Lens, click here.

Building Better Bone Health With Osteostrong

Building Better Bone Health With Osteostrong, from Santa Barbara Independent, Active Aging Special Section, July 30, 2020.

Building Better Bone Health With Osteostrong, from Santa Barbara Independent, Active Aging Special Section, July 30, 2020.

WELLNESS STUDIO FIGHTS AGAINST OSTEOPOROSIS

Almost everyone knows about the increased dangers of falling and breaking bones as we age. But traditional workout programs never really focused on enhancing bone strength to aid in the fight against osteoporosis.

OsteoStrong, a five-year-old wellness studio franchise operation owned by Yvonne and Jim Parsons, who originally brought Curves for Women to town, hopes to change that.

“We help people with issues with bone health,” said Yvonne, explaining that people stop producing the mineral and tissue that make our bones strong after we turn 30. “If you’re playing tennis or you’re doing high impact sports — hiking, running, tennis, those kinds of things—generally people maintain their bone mass. But as we age, especially for women, we start losing it when we start menopause because our body leaches the calcium out of our bones.”

That leads to osteoporosis or osteopenia, with half of all women and a third of all men over 50 eventually breaking a bone. “It’s the third leading cause of death after 65,” said Parsons ominously. “Forty percent of people who have a fracture will be staying in a nursing home after 65, and 20 percent will never walk again.”

Developed by biomechanics engineer John Jaquish, OsteoStrong works on the principle of “osteogenic” loading. Using super-resistance machines that cover every section of the body—a chest press, leg press, core pull, and skeleton-stressing vertical lift that resemble weight machines and feature feedback monitors

OsteoStrong clients come in once a week, briefly stand on vibration platforms to warm up, then exert 30 seconds of all-out force at each workout station. A session is designed to take approximately 10 minutes from start to finish.

Parsons offered a few analogies to explain how it works. “If you go into a dark room, how long does it take for your pupil to enlarge? If you start to put your hand on a fire, how quickly does your body respond by pulling it away?” she asked. “It just is like a nanosecond, so it only takes five seconds to hit the degree that you need to for the axial loading when you’re doing it on the equipment.”

Curious to try it out? An initial visit is free. osteostrong.me

Active Aging 2020: Our Annual Guide to Senior Life, Seen Through a Pandemic Lens; Santa Barbara Independent, Active Aging Special Section, July 30, 2020.

 

Originally published in the Santa Barbara Independent on July 30, 2020. To view the Active Aging Guide to Senior Life, Seen Through a Pandemic Lens, click here.