Do I Need Life Insurance in Retirement Financial Planner Jeff Vogan Tucson Mesa Arizona – Video
Posted: October 17, 2012 at 7:17 am
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Do I Need Life Insurance in Retirement Financial Planner Jeff Vogan Tucson Mesa Arizona - Video
Should Ray Lewis Retire? – Video
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Should Ray Lewis Retire? - Video
Use Football-Style Retirement Planning
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As I was watching my favorite team play last week, which didn't involve much actual playing on their part, I kept seeing football-meets-retirement-planning analogies everywhere.
Pay attention to your o-line. Protecting the quarterback with a strong offensive line will repay you with superior returns. A quarterback with his head on straight can concentrate on making good passes rather than worrying about some crazy linebacker breaking through for a sack.
If you're quarterbacking your own retirement savings, your retirement strategy is your offensive line. Sure, your line will periodically fail and let someone through. (And you will occasionally drop the ball or make a bad pass.) But your retirement strategy, like a good offensive line, will allow you to keep your head in the game and feel confident in the next down. It will keep you from looking over your shoulder every time the market shows a little volatility.
Look at your quarterback rating. Like quarterbacks, good mutual fund managers should have a steady track record. Don't choose a quarterback or fund manager who's streaky--you know the guy with the great arm who turns into a head case when he faces a strong blitz. Good managers perform consistently and predictably year after year.
Play all four quarters, and don't be afraid to run up the score. Unlike football, it's good sportsmanship to run up the retirement savings score, so play your first string the whole game. In other words, keep your head in the game the whole time. Don't become overly confident when you notice you've got a decent lead--or tidy sum in your nest egg. Keep pushing. Keep strategizing. Keep researching. Keep seeking advice and increasing your contributions. Keep playing defense. Keep looking for ways to earn more, spend less, save more, invest better and take less risk. Keep your head in the game for all 60 minutes.
Every team has a kicker, but some kickers add a lot more value. When two well-matched teams meet, a good kicker can make all the difference. In retirement planning, the highest-risk asset class in your allocation is akin to a kicker. It's not taking up a huge percentage of playing time (or your allocation), but a high-quality investment from the aggressive end of the asset class spectrum could put the ball through the goal posts when poorer-quality funds from that asset class are choking.
Run the ball a lot. It's not fancy, but it's reliable. Trick plays and big passes won't serve you well in retirement planning. Pound forward with consistency. Sure, you'll throw too. Sometimes you'll notice changing market conditions, and you'll run the option, reallocating to take advantage of whatever the economy (or the defense) is throwing your way. But, even when you call an audible, play with the same overarching strategy that focuses on consistent, long-term results. Remember that your choices during the first three downs of a series will determine where you are for the fourth. Make good, consistent choices for three downs so that you're left with several good choices on fourth down.
Don't go for the Hail Mary if you're nearing retirement and the score isn't where you'd hoped. Unlike football, where points cannot be lost, aggressive and foolish retirement plays could set you back years. It's fun to think about retirement planning in terms of football, but your retirement strategy is serious business. Football is a game. A poor season or a big loss will hurt when your favorite team is on the losing end, but it's still just a game. Retirement planning is your life, and you only get one lifetime to save and invest for retirement, so make it count.
And remember this: even when you face setbacks, the game isn't lost. Lucky for you, you can influence the retirement strategy game because you can control the length of time you play, the quality of the players, the number of players, the amount of money you spend on them, and so much more. My favorite football coach wishes he could do that--especially last week.
Scott Holsopple is the president and CEO of Smart401k, offering easy-to-use, cost-effective 401(k) advice and solutions for the everyday investor. His advice has been featured on various news outlets, including FOX Business, USA Today and The Wall Street Journal.
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Use Football-Style Retirement Planning
Avoid a depressing retirement
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10/16/2012 7:00 PM ET
By Ashlea Ebeling, Forbes.com
Successful retirees know how to adjust to life after work, a new book maintains. The process starts with the right attitude and good planning.
In retirement, you must be reborn or face withering away. That's the premise of the new book "The Retirement Maze," which explores tactics to help retirees on the path to a new and improved retirement. It looks at who would benefit from taking a "bridge" job and why it's important to build non-work-related friendships before retirement. It also recommends that retirees have more sex. Seriously.
"When you retire, you're going through a major life change; you have to reorient yourself to figure out who you are," says co-author Dr. Louis Primavera, 68, a psychologist and former marriage counselor and now dean of the School of Health Sciences at Touro College. Co-author Rob Pascale, who retired at age 51 after 31 years in corporate market research, floundered at various ventures, including importing produce, before returning to social science and working on the book.
It's not a typical "rah-rah book that tells you how great retirement is" (Primavera's words) or a personal finance book, but instead a book about how folks adjust to retirement overall, for better or worse.
The authors reviewed existing retirement literature, surveyed 1,500 retirees and 400 pre-retirees online, did in-depth in-person interviews and reflected on their own experiences. Their conclusion? You have a better chance of success if you're mentally ready to leave the workforce and have a well-thought-out retirement plan.
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Avoid a depressing retirement
Prudential Retirement adds four new plan sponsor clients
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NEWARK, N.J.--(BUSINESS WIRE)--
Prudential Retirement, a business unit of Prudential Financial, Inc. (PRU), today announced four new plan sponsor client wins: NETGEAR, Upstate New York Power Producers, Inc., Norcal Beverage and Stone Bridge Cellars.
We are delighted to have these companies as new clients and we look forward to preparing their participants for their Day One of retirement, said George Castineiras, senior vice president, Total Retirement Solutions, Prudential Retirement. Prudential Retirements continuous service improvements and product innovations are the crucial elements that are important to intermediaries and new clients.
NETGEAR, a San Francisco-based global networking company that delivers innovative products to consumers, businesses and service providers, joined Prudential on June 1. Marte Werner from NWKGroup, was the advisor to the $25 million deal. The defined contribution plan has more than 300 participants.
Upstate New York Power Producers, Inc., based in Wallingford, Connecticut joined Prudential on August 27. The 401(k) plan has roughly 175 participants and $20 million in assets under management.
West Sacramento, Calif.-based Norcal Beverage, the largest independent co-packer of teas, chilled juices, waters, and energy drinks west of the Mississippi, joined Prudential Retirement on May 1. The company, which also manages delivery for the nations largest brewery, the largest beer importer, and the largest West Coast craft brewery, along with several smaller boutique breweries, has $19 million in plan assets and roughly 500 plan participants.
Norcal Beverage was impressed with Prudential Retirements plan participant Web site and the level of customer service the firm could provide, said Terri Erwin, corporate human resources director. David Loeffler, first vice president and investment officer at Roseville, Calif.-based Wells Fargo Advisors, was the advisor to the deal.
Stone Bridge Cellars, which operates as Joseph Phelps Vineyards, a Saint Helena, Calif.-based producer of up to 80,000 cases of cabernet sauvignon, chardonnay, and dessert wines a year, joined Prudential on May 1. The plan has roughly 144 participants and $9 million in assets under management.
For any recordkeeper to be considered, we require an open-architecture investment platform allowing us to select institutionally priced investments without any limitations, completely transparent expenses and competitive service and technology offerings, Rick Wedge, managing director at San Francisco-based Pensionmark and the advisor to the deal, said.
Pensionmark also takes the time to understand our clients culture as best as possible to help guide the vendor selection process, Wedge continued. Educating a diversified work force was a key deciding factor in the selection of Prudential Retirement.
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Prudential Retirement adds four new plan sponsor clients
In Film, Up Close and Personal with the Dalai Lama Here in NYC
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Tushar Gandhi, Grammy Award winner David Sandborn and Grammy Nominated Nawang Khechog together with Filmmaker Leon Stuparich the gathering of great minds and talent for ROAD TO PEACE.
New York, New York (PRWEB) October 16, 2012
London filmmaker, Leon Stuparich followed The Dalai Lama for two weeks as he traveled around Great Britain. This intimate documentary candidly reveals his nature and wisdom, and shows how he inspires millions of people of all nationalities and creeds to live more meaningful lives in harmony with each other and with the planet on which we live.
Leon Stuparich was driven to make this film "partially because of my own curiosity about the man behind the myth. What does he do behind the scenes? Does he really have the incredible presence that people who have met him always refer to? In addition, like anyone else who is striving for happiness, I hoped that what he shared would move me in some way, and teach me how to live a more centered, peaceful life. I was not disappointed."
The VIP PREMIERE will open with a performance by Grammy nominated Nawang Khechog who will arrive right after performing at the Lincoln Center event for The Dalai Lama.The evening's festivities will include Leon Stuparich, Tushar Gandhi, and Grammy Award winner David Sanborn. Gandhi and Stuparich will have an in-depth discussion about Universal Responsibility and audience Q &A.
Special guests include:
Tushar Gandhi is the Great Grandson of Mahatma Gandhi, and in true Gandhian style, he has dedicated his life to spreading the message of non-violence and positive change. In 1996 Tushar was appointed President of the Lok Seva Trust, a voluntary organization working with factory workers and the economically weaker sections of Mumbai, in the field of education, legal aid, and healthcare. He established the Mahatma Gandhi Foundation to make Gandhis message available globally on the Internet.
Tushar is involved with the US based peace organization Seeds for Peace which works with children. In August 2001 he was invited by an NGO Peace Initiatives, to join a group of journalists and social activists to visit strife torn Kashmir, to interact with the leaders of the separatist Hurriyat Conference, the police and the Chief Minister of J&K with the aim to explore the possibility of achieving peace through development and economic programs.
Nawang Khechog is a Grammy Nominee and the most famous Tibetan Flautist in the World. He is also a composer and recipient of many awards from U.S, Tibet, India and Nepal. He has toured around the world and has produced many CD's. His signature sound and music are incorporated throughout ROAD TO PEACE. His music can be heard in many films, including the Hollywood film SEVEN YEARS IN TIBET.
Nawang was monk for 11 years living in the foothills of the Himalayas as a hermit. He meditated for 4 years, was sponsored, and guided by His Holiness the Dalai Lama. He tries to utilize his music to help make humanity more peaceful and compassionate, and uses his talent to help assist with the freedom of the Tibetan People.
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In Film, Up Close and Personal with the Dalai Lama Here in NYC
Kent man's book recounts personal experience of Cuban Missile Crisis 50 years later
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By Kathryn Boughton, Litchfield County Times
KENTFifty years ago, many Americans trembled at the thought of imminent nuclear war. President John F. Kennedy and Soviet Premier Nikita Khrushchev stood nose to pugnacious nose in a stare down over the installation of nuclear missiles in Cuba. Neither seemed prepared to blink.
For 13 days, from Oct. 16 to Oct. 28, civilization stood on the brink of annihilation as the two superpowers vied for dominance. So real was the peril that First Lady Jacqueline Kennedy reportedly begged her husband, Please dont send me anywhere. I just want to be with you and die with you.
Related - Photos: The Cuban Missile Crisis
The First Ladys fear was reflected throughout a land that had grown accustomed to the thought of nuclear peril. During the chilliest years of the Cold War, children were schooled in undoubtedly ineffectual responses to nuclear explosions, while prosperous families resorted to building and stocking bomb shelters in their back yards. Suddenly, it appeared, those precautions might be needed. The world held its breath as missile-bearing Russian ships steamed toward Cuba.
The story of the confrontation and its denouement has been told many times, but never from the personal perspective that former international reporter Donald S. Connery of Kent brings to his latest book, Escape from Oblivion, A Moscow Correspondents Memoir of the Cuban Missile Crisis. The account, recently released as an e-book and available on Amazon.com, traces Mr. Connerys experiences in reporting from Moscowa much-coveted experience truncated by his frank reporting of the crisis for Time and Life magazines.
Those were the two weeks that might have ended human history. Whole forests have been felled for books about the Cuban Missile Crisis, but what has been missing is that no one has written about their personal experience in covering it. I think this is uniqueand it may stay unique because everyone who was there is dead or dying, said the octogenarian author this week. I am one of the last standing veterans of the Depression, World War II and the Cold War.
Related - Reflections on the Cuban Missile Crisis at Fifty
Mr. Connery had been in Moscow for only a matter of weeks when the crisis erupted. He had won the coveted assignment after making an unprecedented Trans-Siberian rail trip with photojournalist John Launois in 1961. Taken during one of the most dangerous years of the Cold World, when the Soviets were bent on forcing the U.S., Great Britain and France out of their occupation zones in West Berlin, the trip gave ordinary Americans insight into the Russian people.
I hope the thing that comes across in this book is my affection for the Russian people, a people that has suffered perhaps more than any other [in Europe] said Mr. Connery this week. When we made the Trans-Siberian trip we found them to be big-hearted, big country people. After we got past the initial suspicions, we found them to be just so friendlyand these were supposed to be our enemies.
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Kent man's book recounts personal experience of Cuban Missile Crisis 50 years later
Privacy breach debate gets personal
Posted: at 7:13 am
A snap debate on privacy breaches at the Ministry of Social Development's got very personal.
The department's Minister, Paula Bennett, described security flaws at WINZ information kiosks as unacceptable and mortifying and has ordered an inquiry into the matter.
She's been under attack by opposition parties for the failure that's happened on her watch.
Paula Bennett's hit back at her critics and has taken particular exception to heckling from Labour MP Lianne Dalziel and calls for her to resign.
"Should we talk about who should give their resignation? When that member had to when she had to when she lied in unison, which is the actual reality of it. So, I suppose she's personally experienced of what that means to lie, but I have not."
The Greens are suggesting the Social Development Minister's crying crocodile tears over privacy breaches committed by her ministry.
Green Party co-leader Metiria Turei is challenging Ms Bennett's claims of concern about the mistake, given the case where the Minister released details about beneficiaries.
"This is a Minister who is leading the privacy breaches in her own ministry. She has set the standard for the Ministry of Social Development to not care, and to have no respect for the people whose information is kept."
And Paula Bennett's playing down allegations it was her office that revealed the name of the person who found the WINZ privacy breach.
Ira Bailey's been named as the person who brought the issue to media attention - it's alleged Paula Bennett's office leaked his name to media, given a staffer looked at his Linkedin profile.
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Privacy breach debate gets personal
Pearson buys US online education company for $650M
Posted: at 7:12 am
LONDON - Britain's Pearson has bought U.S. educational services company EmbanetCompass for $650 million in cash to bolster its position in the fast-growing online learning market.
Pearson, which also publishes Penguin books and the Financial Times, has been building up its education businesses through acquisitions.
Will Ethridge, chief executive of Pearson North America, said that buying EmbanetCompass, from an investor group led by Technology Crossover Ventures and Knowledge Universe, increased Pearson's presence in online education and educational services, two areas where it saw opportunities for growth.
EmbanetCompass, which was founded in 1995 and is expected to have revenues of about $130 million this year, provides online products for more than 100 university programmes, including course design, student recruitment and technology support, Pearson said on Tuesday.
Jefferies analyst David Reynolds said it would be hard to describe a better strategic fit for Pearson, but the company was paying a full price.
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Pearson buys US online education company for $650M
UPDATE 1-Pearson buys US online education company for $650 mln
Posted: at 7:12 am
* Buys EmbanetCompass for $650 mln cash
* Increases presence in online learning
* Paying fives times company's 2012 revenue
LONDON, Oct (KOSDAQ: 039200.KQ - news) 16 (Reuters) - Britain's Pearson (Dusseldorf: PES.DU - news) has bought U.S. educational services company EmbanetCompass for $650 million in cash to bolster its position in the fast-growing online learning market.
Pearson, which also publishes Penguin (SES: E2:P13.SI - news) books and the Financial Times, has been building up its education businesses through acquisitions.
Will Ethridge, chief executive of Pearson North America, said that buying EmbanetCompass, from an investor group led by Technology Crossover Ventures and Knowledge Universe, increased Pearson's presence in online education and educational services, two areas where it saw opportunities for growth.
EmbanetCompass, which was founded in 1995 and is expected to have revenues of about $130 million this year, provides online products for more than 100 university programmes, including course design, student recruitment and technology support, Pearson said on Tuesday.
Jefferies analyst David Reynolds said it would be hard to describe a better strategic fit for Pearson, but the company was paying a full price.
"On the one hand it looks like a great deal," he said. "But it's difficult to escape the observation that it is paying $650 million for a company that's doing $130 million of revenue in 2012. That strikes me as being expensive."
The transformation of Pearson into an education-led company has been driven by chief executive Marjorie Scardino, who is stepping down at the end of the year. She (SNP: ^SHEY - news) will be replaced by John Fallon, head of the international education division.
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UPDATE 1-Pearson buys US online education company for $650 mln