
04-07-22: Secure Act 2.0, Navi Nurses, The Joy Bus
Season 2022 Episode 69 | 27mVideo has Closed Captions
Retirement benefits bill. Nurses help transitional care. Food for cancer patients at home.
A bipartisan bill building on its predecessor to increase retirement benefits for Americans. We spoke with Jay Spector, CFP, Partner, Barton Spector Wealth Strategies for more. Navi Nurses brings nurses to you, helping patients transition from hospital to home care. The Joy Bus brings fresh food and faces to homes of people suffering from cancer.
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Arizona Horizon is a local public television program presented by Arizona PBS

04-07-22: Secure Act 2.0, Navi Nurses, The Joy Bus
Season 2022 Episode 69 | 27mVideo has Closed Captions
A bipartisan bill building on its predecessor to increase retirement benefits for Americans. We spoke with Jay Spector, CFP, Partner, Barton Spector Wealth Strategies for more. Navi Nurses brings nurses to you, helping patients transition from hospital to home care. The Joy Bus brings fresh food and faces to homes of people suffering from cancer.
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Learn Moreabout PBS online sponsorship>> Coming up on Arizona PBS and on Arizona horizon, a look at what could be major changes in 401K and how drones are used to get into tight spaces to check infrastructure and it's all ahead on Arizona PBS.
>> Good evening and welcome to Arizona horizon.
I'm Ted Simons.
History was made today on capitol hill.
>> On this vote, the yays are 53 and the Nays are 47 and this nomination is confirmed.
>> Yeah, the U.S. senate voted to confirm Kentanji Brown Jackson and she will take her seat once the current session ends when Stephen Breyer steps down and the country's first black woman commented on today's historic vote.
>> I think it's a very important statement about who we aspire to be and who we are and who we believe ourselves to be and the statement on our highest court in the land, and we want to make sure there's full representation and the finest and brightest and the best and that's what happened today and I'm very proud.
>> Today's vote was 53-47 with three republicans joining Democrats to confirm and among those Democrats, Arizona senator Kyrsten Sinema and judicial decisions, adding judge Jackson has exceptional qualifications and will serve our country well in the years to come.
A new poll shows Arizona's other U.S. senator, mark clinical holds a four point advantage over any republican nominee with fewer than 12% undecided.
High ground comes as the G.O.P is tight between mark Brnovich and mark Lehman.
Nancy Pelosi tested positive for Covid-19 and she is 82 years of age and A symptomatic and reported to be vaccinated and boosted and women quarantine according to CDC guidelines.
Of note, Pelosi was maskless with Biden at a bill signing ceremony.
Jobless claims are lower than 1968 and the U.S. labor reports 166,000 claims were filed last week lower than the 200,000 analysts had predicted and another indication that the job's market is experiencing a severe worker shortage with five million more than there are available workers.
Tonight as a part of our monthly AARP segment of older adults in Arizona, we look at a bipartisan effort to increase retirement security called the secure act 2.0 and the goal is to expand and protect retirement and we learn more from Jay specter.
Good to see you again and thanks for joining us and we're talking about the secure act 2.0 and this seems like it's a big deal as far as retirement savings are concerned and talk to us about this.
>> It's great to be here and nice to see you and nice to be here in studio, as well.
And if you recall in 2019, Congress passed the first secure act and those were monumental changes to retirement planning and the retirement landscape.
Secure act 2.0 will make further enhancements to several provisions for those attaining age 72 going up to age 75 and for those who are in workplace retirement plans with automatic enrollment and catch-up contributions for individual retirement accounts and for 401K, there's a lot of changes down the pike.
>> Let's dig down because they will affect a lot of people.
Everyone else requiring them to enroll their workers in a 401K and is that true?
>> One will be the insistence on automatic enrollments and require that everybody, after they meet certain enrollment criteria be automatically enrolled and once they're eligible to participate in a company's retirement plan, they're automatically enrolled in that plan with a 3% contribution.
Ultimately, that contribution level will increase how an annual basis until it gets to 10% of the employee's paycheck.
>> And you don't have any choice in that and has to go up 1% and you'll be at 10% which you like it or not.
>> There will be opt-out provisions, but help be the younger generations start to save for retirement will help them ease the burden on their retirement needs down the road if they can save now.
>> Let's talk about the older generation and may not have done what they should have done and catch up those catch-up contributions how does that work.
>> Correct.
You have catch-up contributions on your individual retirement accounts which, if you're over age 50, you can add an additional thousand dollars in your individual account or Roth I RA.
A sponsored plan like 401 3B, you can do $6500.
With respect to the individual retirement accounts is allow for index inflation and allow that thousand dollars to increase by inflation every year and on the retirement plan side, they'll increase that to $10,000 if -- >> Whoa -- >> If you're 62, 63 and 64 and allow you to increase your catch-up with those ages.
>> At $10,000, that's quite a pop.
>> That is quite a pop.
>> Student loans a big burden on a lot of this country and a lot of students in this country and the employer will provide a matching contribution to the student who is paying their student loan back and count the student loan payment as an employer sponsor contribution and give them a match into a 401K account.
>> That's a lot of changes you mentioned older ages for distribution and talk to us more about that and how does it work now and how would it change.
>> If you recall, the mandatory distribution went to 72.
You're required to take mandatory distributions from your retirement account.
What this will do is gradually raise that rate or age from 72 to 75 and so by the end of 2033, the required age is 72 years old.
>> Because people are living longer?
>> They need to stretch out their dollars and interesting to see how the Congress will make up for the revenue that they'll lose from not having earlier mandatory distributions.
>> What else do we know as far as change for small business owners, for low wage workers and these folks?
It looked like there will be things in there.
>> They will establish employer-sponsored plan.
>> The bill was the house version and passed overwhelmly in a bipartisan manner and the senate has a companion manner.
>> If it's overwhelming in the house, they still have to tinker a little bit.
>> And we need to see what comes out at the end.
>> How does this in general help people with the retirement savings?
>> With the opportunity to start with automatic enrollments and have that automatic contribution, I think it's going to get people used to saving for retirement in some form or fashion.
For those in their 50s, with the indexing of the catch-up contribution, that will allow them to have a little more to put away if they can afford to do so if their 50s and overall, it will help people prepare and save more towards their retirement.
>> At a time when pension programs are on the way out and 401K and watch the stockmarket up and down.
>> It's been volatile lately and whether it's in inflation or rising interest rates, but you have to plan for the long-term and have your goals for retirement in some form or fashion.
>> A good thing and big deal.
>> Overall, a big deal and challenging provisions, but I think at the end, workable solutions for everybody.
>> Interesting stuff.
Wealth strategies and Jay, always a pleasure.
This is quite the deal here and it's good to get that information out there.
>> Thank you.
>> And up next on Arizona horizon, a local company works to help patients transition from hospital to home.
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>> Navi nurses is a local company to fill in the gaps of healthcare by offering on demand nursing to patients in their homes and Jasmine Bhatti, we spoke with her earlier today.
Jasmine Bhatti, welcome.
This is cool, give us a definition of what Navi nurses is.
>> It's an honor to be here.
Navi nurses, the first way any ordinary person can access nursing care on demand and we come to the home and we provide specialized care for people.
It's what people are looking for.
>> It sounds like an Uber for professional homecare.
Is that pretty much what this.
>> Yes.
>> So let's say I'm home and I'm recovering, maybe, recuperating and.
>> Is this is a constant presence or one-type thing?
>> We allow people to decide when and where and how long?
>> Sometimes people have us come for an hour and 24/7 care.
We've had patients that come in once or twice a day and they get to pick the times that work for them and that's fantastic.
>> That sounds like -- you tell me, how does it differ from assisted care services, assisted care living, these things?
This is more on-call and on demand?
It is, and our goal is actually to help people have the highest quality of life at home and whether they're just recovering after a surgical procedure, a hospitalization or they're aging and just want to stay and age at home gracefully and demanding on needs, we tailor the experience towards them.
It's just really guided by the patient and their goals.
>> With that in mind, can the nurses be hired in an ongoing basis?
>> They can.
>> And we try to keep the continuity of care and the nurses develop meaningful relationships with the people they're caring for.
>> I mentioned caregivers and assisted living and you would probably be your nurses, would be of great help to caregivers.
>> They are, and whether it's a family caregiver or a hired caregiver that comes into the house and each person has unique and individual needs that we can take all of these different diagnosis and things that they're working with medically and give the best plan of care for that person and their family and caregivers to work with.
>> How closely do you work with the doctors that are dealing with these people?
>> They're our right hand and we go straight to their primary care or specialist and work directly with them and they love it, too, because we can communicate quickly what it is the needs are.
>> How did you get started and one of the things I can't believe anyone thought of this before.
>> Thank you.
I'm very passionate about this because I learned firsthand what it's like to be a family caregiver when I was first in college and my grandmother was diagnosed with cancer and my family and I decided not to send her to a nursing home and didn't want to do that and required someone to be there 24/7.
A caregiver is one of the hardest jobs in your life.
I would have wished there was a place to reach out to for more support.
The insurance sponsored home health is not enough.
Hospice isn't enough.
We need more support or what happens, when you get scared and overwhelmed, you bring a loved one back into the emergency room -- >> Right, right -- and that's not where people need to be.
By bringing a nurse home, we're able to prevents from that happening.
When I became a charge nurse, I worked at nighttime and I would get phone calls who were discharged saying I have my papers in my hand and I can't remember what the doctor told me and I don't remember how the nurse told me to do this.
So what I experienced as a family caregiver, it wasn't unique and I thought it was, but millions of people that struggle with this every year and we would love to be able to support them.
>> Obviously, you are.
I have to ask about the name, Navi nurses.
>> It's the first ray of light after darkness and someone who shows kindness and compassion and I heard the word and this is it.
It resonates with the heart and soul of nursing and what it is we do.
>> I was researching the story and thought wow, that's cool!
How many nurses have you got on staff?
>> Last year, it was my business partner and myself.
We have 125 nurses.
>> Holy smokes!
>> Yeah, and almost 20 different specialties of care we provide and so it's just amazing!
We keep growing and nurses are loving this flexible and exciting new way of working.
>> I was going to say, it's easier to do this as opposed to other nursing operations.
>> It is.
I think there's so many nurses that are burned out from everything with Covid and what's special about this, all it takes is a nurse to come into a home and spend an hour connecting with someone and their family and fills their cup with joy.
When they go back to the home, they give better care to the people in the hospital they see because they're so much more happy and that's important, the effects that we're seeing on nurses and the hospitals and in their family lives and so more profounds than I imagined.
>> That's fantastic!
What's next for Navi nurses?
Things are going great and you have to hang on, huh?
[ Laughter ] >> Exactly.
We have exciting things coming up and so, stay tuned for those.
But we'll be growing partnerships with some larger organizations in the valley and we would like to continue to deepen our roots and get nationwide and help to provide care for people around the nation.
>> Congratulations and this must be rewarding and it's a wonderful deal and why didn't I think of that?
Great job on this continued success and Jasmine Bhatti from Navi nurses, thank you.
>> A report from north of Kyiv, where hundreds of Ukrainians say they were used by Russians as human shields.
That's coming up.
>> And the joy bus is a non-profit organization to release dailies struggles of cancer patients with a fresh and healthy meal and founded by a chef in honor of her friend joy and we spoke with the chef about the joy bus.
Jennifer, thank you for join us on Arizona horizon and how is the joy bus going?
>> We're open!
>> For those not familiar with what the joy bus is and the diner and cookbook, it starts with it joy bus, what is that?
>> We deliver free chef inspired meal to cancer patients.
We've been in the valley for a decade now and we're growing and still here and that's a plus.
>> Yes.
>> And I'm very honored that this is what I get to do.
>> How many people don't you serve?
>> Currently 140 home visits a week.
>> Wow, that's a lot of visits.
>> Yes, 50 pre-pandemic.
>> How has the pandemic affected things.
>> I don't know if it brought more awareness or people felt more comfortable asking for help but regardless, I'm happy we're here and able to do what we do.
>> People delivering these chef-inspired meals and cancer survivors themselves.
>> True.
There's a reason why people are drawn to us and, unfortunately, that is one of the biggest reasons.
>> And joy bus, this all started, 2011, somewhere around there.
>> The end of 2011.
>> My friend joy became ill with ovarian cancer and when she did, I was trying to think of a way that I could help her because she had a strong support system that took care of her and so the only I figured to help was to cook her beautiful food and bring it and sit with her and it was that that sparked the idea that people didn't have her support.
>> Was it an ah-ha moment sitting there with her?
This is a big opportunity, a big deal and usually these things are sparked.
>> It was in the middle of the night, I don't sleep well, watching Mr. Holand's Opus, doing such a great thing for his community and what am I doing to give back?
I had been doing this for joy and maybe this is my lane and where I'm supposed to be.
So I looked into how to make it happen and found out there was no one doing what we were doing for joy and I created it.
>> The food is delivered and this is not just a ham sandwich and chef inspired stuff and not just the food, is it?
The people making the deliveries, cancer patients and survivors, and that social elements that's a big deal.
>> It is, and I didn't realize that, but thought that food is medicine and it will help you and cure you and it's beautiful, but I didn't realize how important that companionship aspect is.
I didn't understand our volunteers taking ownership of our Mission took it to the next level.
>> Yeah.
>> And now we have a whole community of family.
>> You've got a diner.
Where is that located?
>> Our diner is 51 and Shay and 100% profit the Mission.
>> Do you have another area?
>> It's all we have and it happens and you get the feel for it.
>> Any chance for expansion?
Eventually, you'll need more room.
>> We do.
We originally servicing on Wednesday and added Thursday, as well, and not out of space and looking at acquiring another spot where we can hopefully quadruple the patients.
>> Any trouble getting volunteers.
>> We have an amazing neighborhood and we have the best volunteers ever and if you would like to volunteer, there's tons of opportunity on our website and we're always looking and very happy with the ones we have.
>> I'll bet you are.
There's a also a joy bus cookbook.
Talk to us about that.
I was fortunate enough to collaborate with the best restaurant tours in the valley who have not only donated to the book to raise money for the Mission, but they've also cooked for our patients and raised funds for us, apart from donating to the cookbook.
>> Congratulations and the diner and what's next?
I guess getting the staging area and room.
>> That's a huge need, to help more people.
>> We talked earlier before we got the cameras going about, let's talk women, some sort of event.
Talk to us about that.
>> Lucky enough to -- Covid brought a lot of people together in all of the torment it caused and we came together as well chefs in the valley and created this group where we're not only supporting each other through the changes that have happened, but we are raising funds to help keep going and we have an event on march 29th, where all of the women come together and a meet-and-greet over wine and charcuterie boards.
>> Last question, you're a chef and foodie and this was your life before all of this and did you ever envision yourself doing this?
>> No, never, but I feel like everything if my life has prepared for this journey.
>> Isn't that interesting, because you don't look at a chef behind the kitchen and that could have been me.
You have found your lane.
>> I am so grateful.
The community is grateful.
The joy bus, thank you.
>> Thank you so much.
[ ♪♪ ] [ ♪♪ ] >> It's not about the matter itself.
>> And that is it for now.
I'm Ted Simons and you have a great evening.
Coming up on Arizona PBS, how Arizona and California helping those in war-torn Ukraine.
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