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The psychology of retirement income.

Greetings, friends! It’s J.D. here with another week of Apex Money. Today’s first story doesn’t really have anything to do with money, but it’s damn interesting. It’s long, but I read the whole thing in one sitting and was never bored.

Fields of fortune: The crash of United Airlines flight 232. [Admiral Cloudberg] — “There are a handful of air disasters that have passed into the realm of legend due to the pilots’ extraordinary heroism in the face of impossible odds. United Airlines flight 232 is one of these. On a summer day high over Iowa, 296 lives hung in the balance as four pilots fought to control an uncontrollable airplane, forced to learn a whole new method of flying in a desperate attempt to survive…This is the story of their finest hour.”

The psychology of retirement income: From saving to spending. [Morningstar] — “Although most retirees’ stories aren’t as dramatic as Scrooge’s, it’s not uncommon for retirees to have more than enough to live comfortably for the rest of their lives but still think a vacation is out of the question. In fact, a number of retirees actually experience a sharp decrease in spending and increase in savings in retirement.”

Today’s video feature is actually related to personal finance…a little. It’s a seven-minute segment from the Wall Street Journal channel on YouTube, and it’s all about how 7-Eleven is reinventing its $17 billion food business in the U.S. to be more Japanese.

Kim and I are planning to visit Japan sometime next year. No joke: One of the things I’m looking forward to is visiting a Japanese 7-Eleven!

Okay, that’s it for today. I’ll be back tomorrow with more.