Retirement Planning Community by Torrid Technologies
Retirement software help & Everything about Retirement Planning and more
Time flies – that’s a fact! Whether your are near or far from retirement, it will be here (it seems) before you can count to 10.
If you are a 20 or 30 something, take it from us older folks, the tips in this article are SMART!
Start with one or two of these ideas and your future self will thank you!
Sarah Fisher has an article posted on Aol. Finance detailing 5 things you you might have forgotten or just plain didn’t know about retiring. Baby Boomers are retiring and people are living longer, so the landscape of what retirement looks like and what is needed to sustain it is changing.
Check out this article to see if you’re prepared.
Many people are concerned about retirement finances, but that’s not the ONLY thing to worry about…
Brian Stoffel of The Motley Fool posted a fascinating article recently about what exactly the #1 silent killer in retirement really is. I was stunned! He said that the greatest silent killer is — Loneliness!
He states:
Before rolling your eyes, hear me out. In 2013, Merrill Lynch and Age Wave (MLAW) conducted a study asking pre-retirees what they would “miss most about work when they retire.” Here’s what they had to say:
So, by an enormous margin, “a reliable income” was the most popular answer.
Then MLAW followed up by asking a group of currently retired folks what they missed the most about work. While ‘”reliable income” was still relevant, the responses were starkly different:
There was much more interesting information contained in his article PLUS what it means to your finances and how to avoid it. Read more about it here.
Our Founder – Tim Turner – was interviewed recently by Neil Howe on Business Innovators Radio.
Listen to some of the tips he shares, Roth and Annuity discussions and some lessons learned regarding building a solid financial future.
Age is no excuse – too young or too old.
It only lasts 30 minutes. You can come and go at your leisure!
For more information about Tim Turner and Torrid Technologies, you can contact www.torrid-tech.com or call 888-333-5095
USA today posted this article recently by Maurie Backmon addressing the pros and cons of retiring before the age of 65. In fact 62 has become a quite popular age at which to check out of the working world since that’s the earliest you can start drawing on your social security benefits.
Is it wise to retire that early?
There are 2 major negative effects to consider before retiring at that time. See what they are here.
according to Tom Sightings’ article in Daily Finance.
He lists 5 ideas of things to think about as you try to plan for your future…an idea of where you’re going if you just feel overwhelmed and lost by the whole thing!
5 Items to include:
1. Manage Your .. (read more)
Use your RetirementView to try adding these 5 elements to your plan and see if you can keep the green! If you don’t have RetirementView yet, try this FREE demo. There’s no time limit, you just can’t change your rates of return.
Happy Planning!
Seems like all you hear is bad news…especially in regard to finances.
No one ever feels like it’s enough, but forward steps are a good sign. (Of course with RetirementView Software, you can KNOW if you have enough. You know we have to say it!)
Check out today’s good news in this article by Suzanne Wooley.
Companies across the country from defense contractors to General Motors and General Electric are scrambling to ensure that millions of younger managers are ready to step into leadership roles as baby boomers retire.
About 10,000 boomers reach retirement age every day, according to Bloomberg Businessweek. Companies large and small are often unaware of how much company knowledge the retirees will take with them.
Dorothy Leonard, Professor Emeritus at Harvard Business School, and her firm Leonard-Barton Group, have developed knowledge-transfer programs at several GM divisions.
Until last year, boomers made up the largest portion of the U.S. population, and Generation X represented the biggest share of the workforce. Now millennials lead in both categories. They hold 20 percent of all management jobs, up from 3 percent in 2005, according to U.S. Bureau of Labor Statistics.
“In the next 10 to 15 years, we’re going to have the greatest transfer of knowledge that’s ever taken place,” says Chip Espinoza, Director of Organization Psychology at Concordia University Irvine. He says to handle the shift, companies need to create relationships between the generations.
Multinational defense and aerospace company BAE has been preparing for the retirement cliff for several years. They adopted a NASA program developed when the space agency started to lose expertise from lunar landings as individuals retired.
When BAE learns that an employee with deep institutional knowledge plans to retire, even in a couple of years, a knowledge transfer group of about a half-dozen people working in the same area is formed. The teams meet regularly to talk and exchange advice.
Younger workers get tips and older workers learn how to gradually hand off duties to junior employees.
Maybe your retirement is just around the corner. The pressure is on to make sure you’re covered.
Maybe retirement is the furthest thing from your mind.
Is it ever really a good time to try to put away money for retirement? I know it has never felt like a good time for me. RetirementView can help you get a REAL picture of what your retirement will look like. No fooling yourself!
Walter Updegrave posted an article on YahooFinance today that describes 4 lies we tell ourselves that can RUIN retirement. Are you being deceived by any of them?
Rachel L. Sheedy of DailyFinance.com recently posted an article sharing some things about which you may be surprised as you approach and navigate retirement.
She suggests “As you advance toward retirement, it’s a good idea to sharpen the focus of your retirement vision. You need to figure out how you’ll spend your time, what your retirement budget will look like and where your money will come from in retirement.”
These 8 things may be the biggest surprises you’ll face.
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