Getting ready for retirement
Posted: June 10, 2012 at 6:19 pm
By Kurt Rossi
Are you retirement-ready? Many people dream of a retirement filled with time spent traveling, enjoying hobbies and making lasting memories with family. However, the realities of retirement can be far more challenging.
Between the emotional issues and financial constraints, retirement can be one of the most difficult transitions for people to make. These challenges, coupled with the current economic environment, have forced many to unexpectedly postpone their retirement dreams.
In fact, according to the Insured Retirement Institute, 35 percent of Americans plan to work after age 66, with 23 percent expecting to work after age 70.
The misconceptions noted below highlight a few of the inaccurate assumptions that have forced many retirees to adjust their plans.
I will spend less after retirement.
People often assume that retirees will need 70 to 80 percent of what they currently spend during retirement. While some savings will be realized from a lack of commuting costs and the possible downsizing of a home, the reality is that retirement expenses are often nearly 90 to 105 percent of their expenses before retirement. This is partially due to the desire to spend more time on hobbies and traveling during the early years of retirement when many retirees are at their healthiest. In addition, health care costs can also take a huge unexpected bite out of the budget, further increasing expenses.
Basic Medicare will cover all my health care expenses.
According to Fidelity Investments, the average 65-year-old couple will spend about $400,000 out-of-pocket on health care throughout retirement until age 92, not including long-term-care costs. The complexities of these costs have made it difficult for many savers to accurately estimate their effect on expenses after retirement. In addition, many retirees inaccurately assume that basic Medicare will cover the majority of their needs.
Medicare Part A covers hospital benefits and is usually provided at no additional cost. However, the outpatient services provided by Medicare Part B and the prescription-drug coverage offered by Medicare Part D have additional charges associated with them. Also, remember that it is often necessary for retirees to choose a private Medigap policy that can help cover the costs that Medicare doesnt cover. So, many retirees end up spending significantly more than they had planned.
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Getting ready for retirement
This time it's personal: Queensland angered by Stuart's smug jibe
Posted: at 6:19 pm
PROP Dave Shillington has made it clear Queensland will take added motivation into the second State of Origin game after NSW coach Ricky Stuart accused them of being smug and ungracious winners.
''I take it personally, I think we all do,'' Shillington said.
The war of words has ramped up before game two at ANZ Stadium on Wednesday, reviving memories of Maroons coach Mal Meninga's ''rats and filth'' newspaper column after last year's series, when the relationship between the two coaches became severely strained.
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Upset by Meninga's comments that the Blues lacked the mentality to win Origin, Stuart wrote in a column: ''To be honest, I have had a gutful of Queensland's smugness and their fake graciousness in victory.''
Meninga said: ''We work very hard, and Locky [retired Queensland captain Darren Lockyer] will tell you, we show a lot of respect, I believe. We prepare hard. We put the game first, we put the team first, we do everything we can to make sure we do everything that is right.
''I don't know where he [Stuart] gets that terminology from.''
Lockyer, who ended his Origin career last year by leading Queensland to a sixth straight series win, said during his reign as captain and before he took over that Queensland sides had always shown respect and been humble in victory and defeat.
''We're very focused on success and we never carry on too much when we win,'' Lockyer said. ''If you ask me, I reckon we've always been pretty humble in success. People may construe that in other ways but I think that's just us being humble and focused on being successful.''
Lockyer said the media coverage of Origin was so intense that every word spoken about it was analysed. ''It's part and parcel of the pantomime I guess,'' he said.
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This time it's personal: Queensland angered by Stuart's smug jibe
Dr. Naseer Homoud Success in Decade- 'Ranked 53rd in Top 500 Powerful Arabs'
Posted: at 6:19 pm
DOHA, Qatar and DUBAI, UAE, June 10, 2012 /PRNewswire/ --
Arabian Business has placed Dr. Naseer Homoud- a renowned philanthropist and business tycoon on 53rdpositions its 2012 Arabian Business Power 500 - The World's Most Influential Arabs List.
Arabian Business International magazine, ranked Dr. Naseer Shahir Homoud at 53rd position among the 500 most powerful Arabs from the globe. Dr. Homoud rubs shoulders in the 500 Power List 2012 with other powerful Arabs including media moguls, bankers, and heads of many governmental bodies. The list is topped by Saudi Arabia's Prince Alwaleed who accomplished this position for consecutive 8 years in a row. Other dignitaries in the list includes Sheikh Ahmed bin Saeed Al Maktoum, Reem Asaad, Lieutenant General Dahi Khalfan Tamim, Sheikh Ahmed bin Jassim Al Thani and is full of eminent and popular Arabs from every walk of life.
(Photo: http://photos.prnewswire.com/prnh/20120610/537671 )
Dr. Homoud got place in this list for his untiring efforts aimed at humanitarian works and for his successful philosophy of business which took him to zenith of success. He is one of the most successful and famous entrepreneurs of Jordan and primarily a real estate mogul, author and philanthropist. He is a goal-oriented super achiever who has, for over two decades, applied his business expertise, experience, and personal energy with unparalleled discipline to reach the pinnacle of success in everything he has engaged in, including investment, real estate, philanthropy, and most importantly, life.
Having born and brought up in a family that greatly values dignity, mutual affection and respect and inculcates a sense of sacrifice for betterment of others, Dr. Homoud did not restrict himself to his hometown Irbid in northern Jordan. He was determined to contribute for betterment of his country, Arab world and humanity at large, by all means- money, time and efforts.
Despite being involved in investment sector, Dr. Homoud kept the flame of passion for sports blazing. He immensely supported the athletes in his country who had performed excellent in international and regional event and have proved as the best ambassador of the Kingdom of Jordan, despite meager facilities and support.
Dr. Homoud's views and positions on Arab issues have always been accorded prominence. In his views, he has supported sacred rights of people and their national aspirations, particularly those of Palestinians. More than half a million people connected with him on social media site Facebook keenly watch his statements and positions on various issues.
His first reaction to this accomplishment was "I am humbled and honored to attain this milestone and I dedicate my success to my homeland, my family, my closest friends and to all those who shared good and bad times of life with me. I acknowledge that their support has been very important in achieving my successes".
Dr. Homoud though genuinely humbled by this great honour, is truly proud to be counted among his countrymen. Expressing his gratitude, Dr. Homoud said "I am honored to get this listing .I feel that this accomplishment is the call for more and sustainable action towards the united goals"
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Dr. Naseer Homoud Success in Decade- 'Ranked 53rd in Top 500 Powerful Arabs'
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