IS YOUR RETIREMENT LOOKING A BIT SCARY?

Protect yourself from these 9 Terrifyingly Haunted Retirement Traps.

(October 26, 2013) Marietta, GA—With one in every six elder Americans living below the poverty line, which is $22,350 for a family of four, according to the U.S. Department of Health and Human Services, retirement for many is a frightening subject; it’s the orange elephant in the room.

While following the spirit of Halloween’s creepy theme, retirement planning software company Torrid Technologies releases its Top 9 Terrifyingly Haunted Retirement traps with a conjoining Retirement View holiday offer for new customers only.

Described as “Retirement Planning for Everyone, even those not good with a computer” by both customers and financial professionals, this easy-to-use retirement planning software tool is an incredibly effective retirement ghost-busting tool for both financial advisors and consumers alike.   Says Tim Turner, Vice President at Torrid Tech, “It can be incredibly scary to stare into the dark abyss of your retirement financial chasm wondering what frightening creatures and monsters await you once you pass into it, but our software will shed some light on the darkness and shrink back those spooky  thoughts and visions into a much less scary picture.”

Now until November 1 anyone can try Torrid Tech’s RetirementView program for the very unfrightening price of “no charge”.   You can download the demo version from their website any spooky day or scary night through Halloween.

These Top 9 Terrifyingly Spooky Retirement traps serve as a point of reference so that you too don’t face a dauntingly scary retirement planning experience…

1. Due to the recent economic downturn, baby boomers born between 1948 and 1954 will need to save an additional 4.3 percent of their annual pay to counteract the impact of the financial and housing crisis in 2008 and 2009, according to Employee Benefit Research Institute calculations. For many people this will require working beyond traditional retirement age in a job market already tight and challenging for older workers.

2. 57% of workers have $25,000 or less in savings and investments, excluding the value of their primary homes and benefit plans, and 28% of workers have less than $1,000 saved.

3. Among retirees, 55% have $25,000 or less in savings and investments, and 31% have less than $1,000.

4. Just 50% of workers and 52% of retirees said they could come up with $2,000 if an emergency or unexpected need occurred within the next month, while 28% of both groups said they probably or definitely could not produce $2,000, if needed.

5. The percentage of workers saying they’re “not too” or “not at all” confident in their ability to pay for basic retirement expenses is 29%, while 52% are “not too” or “not at all” confident they have enough money for basic post-retirement medical expenses and 62% are “not too” or “not at all” confident they can pay for long-term care expenses.

6. The top five reasons workers gave for planning to delay retirement were the poor economy (25%), lack of faith in Social Security or government (21%), inadequate finances or inability to afford to retire (21%), a desire to make sure they have enough money to retire comfortably (16%) and change in job situation (13%).

7. Debt also weighs heavily on Americans when they consider their retirement, as 55% of workers and 39% of retirees reported having a problem with their level of debt.

8. Almost half, 47%, of current retirees were forced to retire early, mainly because of disabilities, poor health, the loss of a job and the inability to get a new one.

9. According to the Employee Benefit Research Institute, 46% of all American workers have less than $10,000 saved for retirement and 29% of all American workers have less than $1,000 saved for retirement.

Now until November 1^st, anyone can try the demo of Torrid Tech’s RetirementView program for no charge, by simply downloading it from the company’s website at www.torrid-tech.com.

Statistic sources: [Old Link Removed]; http://moneymorning.com/2013/03/20/the-scariest-facts-about-americas-retirement-crisis/#; http://www.financial-planning.com/gallery/fp/twelve-retirement-facts-unsettling-baby-boomers-financial-advisors-2676576-1.html
About Torrid Technologies:
Torrid Technologies was founded in 1993 and provides easy-to-use financial planning software to consumers, financial advisors, and financial companies including Pacific Life, JANUS, MassMutual, Sentry Insurance, and AXA. You can contact Torrid at:
Torrid Technologies Inc.
For More Information on RetirementView software, please visit:
http://www.torrid-tech.com
Address: 1860 Sandy Plains Rd., Suite 204-129, Marietta, GA 30066
Tel: (888) 333.5095

Press Contact:
Miji Pearse
Phone: (888) 333-5095 x47