Video Link: https://www.youtube.com/watch?v=FkGMG8Ah0pA

03-10-2012 14:44 Retirement planning expert Kevin McEnereny in Melbourne & Orlando Florida discusses benefits to the employee and employer of using an annuity in their 401k plan. This strategy can provide lifetime income for the employee and be very cost effective for the employer.

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401K Annuity Pension Strategy Retirement Planner Kevin McEnerney Orlando Florida - Video

The role of private savings and how Kiwi women will fare when it comes to retirement income are among the terms of reference for the latest Review of Retirement Income Policy released publicly today.

Every three years, the Retirement Commissioner examines retirement income policies and practices to assess their effectiveness and identify future issues. The resulting Review of Retirement Income Policy will be presented to Government in late 2013.

Retirement Commissioner Diana Crossan says the review is an important tool for ensuring the Government is aware of the facts, any emerging trends, and new developments that could affect the long-term future of retirement income policy.

"The decisions we make now about retirement income potentially have consequences for generations to come. We need to regularly review and assess where we are to ensure universal New Zealand Superannuation is available for Kiwis who are currently in their 30s and 40s.

"Our ageing population and the global financial crisis of recent years make these issues more relevant than ever," she says.

The findings of the review will help provide policy stability and inform policy development. The terms of reference for the review will cover five main topics. They are:

1. An update of, and commentary on, the developments and emerging trends in retirement income provision since the 2010 review, both within New Zealand and internationally.

2. A discussion of the intergenerational impacts of New Zealands retirement income policy, with due consideration given to:

a). the effects of increased longevity on present retirement savings schemes;

b). alternative retirement savings approaches; and

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Focus for retirement policy review released

MINNEAPOLIS--(BUSINESS WIRE)--

Wealth Enhancement Group, is pleased to announce that Joe Brummel, Director of Retirement Plan Consulting, along with industry leaders, today unveiled iJoinTM, a web-based software delivered through mobile technology that helps Americans prepare for retirement. iJoin addresses a critical need in the market for engaging, interactive retirement-planning solutions that educate and, more importantly, change behavior.

Fully 70 percent of American workers say they are not where they need to be with their retirement savings, according to the Employee Benefit Research Institutes 2011 Retirement Confidence Survey. These types of statistics are staggering and call for solutions, said Joe Brummel, AIF. When we set out to develop a solution to this growing problem, we knew we had to apply behavioral finance to technology.

iJoin leads users through an interactive decision-making process to determine:

In an iJoin pilot program in which nearly 500 workers across a variety of industries participated:

Experience iJoin for yourself by visiting http://www.ijoinsolutions.com for a video tutorial.

Joe Brummel is a 16-year industry leader in the retirement planning community. Brummel has earned the Accredited Investment Fiduciary (AIF) professional designation from Fiduciary 360, which trains and certifies advisors in investment fiduciary responsibility. He is also a Founding Lecturer of The Retirement Advisor University (TRAU) at UCLA Anderson School of Management Executive Education.

For more information about Joe Brummel and Wealth Enhancement Group on the services they provide, visit http://www.wealthenhancement.com/RPC.

Securities are offered through LPL Financial, Member FINRA/SIPC.

Photos/MultimediaGallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=50429484&lang=en

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New Web-based Technology Improves Retirement Readiness

GREENBURGH, N.Y. (AP) -- The quiet of Rasheed Wallace's retirement in North Carolina was interrupted last spring by a call from an old coach.

''Out of the blue, coach Woody called me like, 'Young fella, what are you doing?''' Wallace said of Mike Woodson.

''I'm like, 'Uh, you know, just down here enjoying life, enjoying the summer, down here with my mom, taking it easy,''' Wallace recalled. ''That's all I was doing pretty much.''

Woodson had something else in mind.

The Knicks coach wanted depth in his frontcourt and remembered the success he and Wallace had in Detroit on Larry Brown's 2004 NBA championship team. So they were back together Wednesday - an older, mellowed Wallace ending a two-year retirement to sign with the Knicks.

''We have a good history coming from Detroit,'' Wallace said. ''We won one together, so he asked me if I still want to play. I said, 'I'll come up there and see what I can do for you.'''

Woodson isn't sure what that might be, using the term ''only time will tell'' at least three times when asked about Wallace's potential. But the Knicks were young and thin in the frontcourt last season, so he figures it's wise to give the four-time All-Star a shot.

''The fact that he's asked to come out of retirement and play, for me it's great to give him a shot because I remember the good times,'' Woodson said. ''I don't know if he still has it yet until he gets out here and he starts working and playing, but only time will tell.''

Wallace said he decided in late August after a few conversations with Woodson to attempt the comeback. He cited his respect for the laid-back Woodson, an assistant under Brown whom Wallace credited with calming down the player who once racked up 40 technical fouls in a season.

The 38-year-old Wallace last played for the Boston Celtics in the 2009-10 season. Terms of his contract were not announced, but the Knicks could offer only the veteran's minimum of about $1.7 million.

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Rasheed Wallace ends retirement to join Knicks

You've probably heard many of these common pieces of retirement advice before, but they're worth repeating, if only to remind you to take action. After all, the key to a comfortable retirement is not to know every possible secret to build wealth, but to simply act on the knowledge you already have. Here are the most important actions you must take in order to reach a worry-free retirement:

Take steps to live below your means. You can be an investment genius, but still not be able to amass a sizable nest egg unless you have a solid base to compound your returns. For most people, the biggest determinant of how much money you can accumulate is how much you save. The more you can save each month, the more you have for the future. It's that simple. And the best part about not worrying about the Joneses is that eventually, you will actually be the Joneses.

Determine an appropriate asset allocation mix for your circumstances. The biggest benefit of coming up with a well thought out strategy is being able to stay the course when your investments do not perform well. "Buy low and sell high" is easy to say, but too many people will find it impossible to execute in the heat of the moment unless they truly understand their asset allocation strategy and how different investments are interconnected.

Ignore short-term market fluctuations. Any investment can be volatile in the short run, but most investments tend to increase in value over the long haul. Your investment in stocks, for example, will be worth more as the underlying companies make more money and throw off dividends. Your bond allocation, on the other hand, will throw off coupon payments to honor debt obligations. By investing as early as possible, you are allowing the forces of investing to work in your favor. Of course, compound interest won't hurt either.

Realize that money is just a tool. Many people in modern society are trained to think that more is always better. The result is a world with too many people who are willing to trade a great deal for more money. They work for too long, and often at jobs they absolutely hate. They spend too much time thinking about their assets, and not enough time building relationships with their friends and family. At the end of the day, your non-financial assets are at least as important as your financial ones. Don't let money concerns dictate your life and drive all your decisions. More money isn't always better. Sometimes, you need to decide that enough is enough.

Surround yourself with people who share the same values. The road to financial independence will be next to impossible unless you find others who also believe in marching toward the same path. Find a significant other who won't sabotage your efforts to prepare for a better life, and find friends who can be supportive of your ideals. They are out there, and chances are good that they are looking for you too.

None of these financial tips should be surprising. The important part is to begin to implement them as early as possible in your career.

David Ning runs MoneyNing, a personal finance site that shares money moves you can make to significantly increase your chances of having a comfortable retirement. He likes to share simple changes that anyone can make, such as picking the best online savings account and figuring out whether a 0 percent balance transfer credit card makes sense.

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5 Retirement Tips You Must Follow

As we get closer to an election that is "all about the economy," polls show that maybe that's not so true. Americans think the economy is getting better. Consumer confidence, the stock market, and home values are all up. Credit and debt problems are down. Unemployment remains unacceptably high but there are more jobs today than when President Obama took office.

Perhaps it's more accurate to say that this election is all about the government and how it deals with the economy. Neither political party has distinguished itself here, but at least voters will be provided with clear differences. Of course, these differences have produced mostly gridlock in recent years, and even the approaching fiscal cliff may not bring Congress to its senses.

[See Obama or Romney: Who's Better for Your Portfolio?]

With so much uncertainty in the short run, it's more important than ever for retirement plans to be based on longer-term trends. Many of these trends are cautionary, if not downright negative. But ignoring them or wishing things were different is a strategy only an ostrich could love. Here are eight key trends for people in or nearing retirement:

1. Real investment returns are staying low. The American consumer will not resume being the engine of growth for the domestic economy. There simply won't be enough people in their prime consumption years--their 30s to 50s--to buy enough material goods to provide us sustained annual growth rates of 4 to 5 percent. On the financial side, interest rates are not likely to rise for some time, and yield-sensitive investments will be hurt by low rates. So don't count on sizable investment gains to make your retirement dreams come true. Assume real returns of 1 or 2 percent and adjust your spending plans accordingly.

2. The public pension system is broken. If you work for state or local government, your pension will face growing pressures. Governments simply cannot deliver on the pension promises they have made to employees. Expect to see more multiple-tier plans as governments try to protect the pensions of existing employees by trimming plans for newly hired workers. This will not be enough to protect employees in many states, and their benefits will be under attack. So will retiree health benefits. If your employer retirement benefits were cut by 10 or 20 percent, how would you adjust?

[See 10 Essential Sources of Retirement Income.]

3. Governments have no money. In the short run, economic weakness and powerful anti-tax sentiments may extend the life of the Bush tax cuts, which are set to expire at the end of this year. If tax rates stay low (and they are very low today in historical terms), they will be credited for any improvement in the economy. But make no mistake, there are not enough eggs left in the golden goose to close the country's enormous budget gap. Some combination of spending cuts and tax increases is in the cards. Seniors may be spared the brunt of any cuts, but they are likely to face at least a flattening in future benefits.

4. You will live longer and longer. The biggest money story for many seniors will be just how long their nest eggs need to last. If you're healthy and 65, you should plan on living another 30 years. That's 10 to 12 years longer than the average life span. But if you take care of yourself, that shouldn't be a surprising outcome. This raises the possibility that you would need to live more frugally than you'd like for a long time. One tool worth considering is longevity insurance--an annuity that doesn't begin payments until you're 85. Because the odds favor you dying before then, you can get attractive terms from insurance companies selling these products. With such an annuity, you can spend down your nest egg by the time you reach 85, and then the annuity payments will begin. You can live better now and, if you're lucky, continue living better when you're 85.

5. You will work longer and longer. Because of poor retirement planning and longer life spans, millions of us will need to find encore careers. Each year we delay retirement can increase the size of our investment savings, raise our Social Security benefits, and shave a year off the funding workload of our nest eggs. For many baby boomers, continuing to work will also be a preferred lifestyle.

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8 Long-Term Retirement Planning Realities

COLUMBIA, MD--(Marketwire - Oct 2, 2012) - Sourcefire, Inc. ( NASDAQ : FIRE ), a leader in intelligent cybersecurity solutions, today announced the retirement of the Company's chief executive officer John C. Burris, effective immediately. Mr. Burris had been on medical leave from the Company. Martin F. Roesch, founder, chief technology officer and member of the Board of Directors, will continue to serve as the interim chief executive officer while the Board of Directors conducts a search for Mr. Burris' successor. Mr. Burris remains a member of the Board of Directors and will participate as his health permits.

Lt. Gen. Steven R. Polk, Chairman of the Board of Directors of the Company, commented, "John is a great leader and friend, and we are sad to see him retire from his day-to-day responsibilities at Sourcefire. We wish him the best as he continues to focus on his health.

"Upon becoming CEO in 2008, John laid out a clear vision for Sourcefire's next phase of development and during his tenure Sourcefire has achieved sustained profitability, expanded its relationship with the indirect sales channel to increase reach and drive revenue growth and become a multi-product company. These initiatives have positioned Sourcefire for sustained long-term growth and we are confident in the foundation and team John helped to build," continued Lt. Gen. Polk.

John Burris, retiring Chief Executive Officer, stated, "While I am sad to announce my retirement, I am excited and confident about the Company's Agile Security vision and the strong team we have assembled to execute on the growing opportunity in front of Sourcefire. I feel that a dynamic company like Sourcefire deserves a CEO that can solely dedicate his or her efforts to the future of the company and therefore, I believe my retirement at this time is in the best interest of our shareholders, customers and employees."

The Board has retained Chartwell Partners to assist in the search for Mr. Burris' successor.

The Company today also announced preliminary unaudited financial results for the quarter ended September 30, 2012. The Company currently expects revenue and adjusted net income per share to be slightly above the high end of the guidance ranges given on July 31, 2012. These financial results are preliminary in nature, are subject to the Company completing its third quarter review process, and are subject to change. The Company expects to release its third quarter 2012 financial results after the market closes on October 30, 2012.

Cautionary Language Concerning Forward-Looking Statements

The statements contained in this release that are not historical facts are "forward-looking statements" (as such term is defined in the Private Securities Litigation Reform Act of 1995) that involve risks and uncertainties.

Management cautions the reader that these forward-looking statements are only predictions and are subject to a number of both known and unknown risks and uncertainties, and actual results, performance, and/or achievements of Sourcefire, Inc. may differ materially from the future results, performance, and/or achievements expressed or implied by these forward-looking statements as a result of a number of factors. These factors include, that the preliminary unaudited financial results for the quarter ended September 30, 2012 are subject to the Company completing its third quarter review process and may be revised, that expectations of future growth could change, and also include, without limitation, those risks and uncertainties described from time to time in the reports filed by Sourcefire, Inc. with the U.S. Securities and Exchange Commission. Sourcefire, Inc. undertakes no obligation to update any forward-looking statements.

About Sourcefire

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Sourcefire Announces Retirement of CEO John Burris

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02-10-2012 02:14 Arun Jaitley, former Law Minister, has shared a scathing assessment of judges, saying, "Pre-retirement judgements are influenced by post-retirement jobs." BJP chief Nitin Gadkari too suggested a two-year wait should be mandatory for judges after they retire and before they are appointed to judicial commissions or tribunals. Watch full discussion:

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Should judges have a 'cooling-off' period before post-retirement jobs? - Video

NEWARK, N.J.--(BUSINESS WIRE)--

Today, the Stable Value Investment Association (SVIA) will kick off the industry associations Fall Forum and Annual Membership Meeting -- Searching for Success: Stable Values Place in Defined Contributions Plan -- in Washington, D.C. at The Fairmont Hotel.

This year, SVIA members will explore the major challenges facing plan sponsors and stable value providers as they work to ensure defined contribution plan participants have sound investment choices that can help them achieve their retirement savings and investing goals, said James King, client portfolio manager, Strategic Relationships, Prudential Retirement. King began his tenure Jan. 1, 2012 as Chairman of the SVIA Board. Prudential Retirement is a business unit of Prudential Financial, Inc. (PRU).

King, Bill McCloskey, vice president, Product Management, Prudential Retirement and Robert Tipp, managing director and chief investment strategist for Prudential Fixed Income Management will address the membership during the three-day forum. McCloskey will offer an overview of the stable value market from an insiders view and Tipp will provide members with a global economic outlook for fixed income in investments.

As of June 30, 2012, Prudential Retirement has more than $98 billion in Stable Value retirement account values, including more than $58 billion in Institutional Stand-Alone Third Party Stable Value.

The SVIA is a non-profit industry organization dedicated to educating retirement plan sponsors and participants about the importance of saving for retirement and the contribution stable value funds can make toward achieving retirement security.

"Stable Value is a core competency for Prudential, King added. We're committed to the business and we are delighted to provide a product that helps our clients create retirement stability and security for their participants."

As of December 31, 2011, the SVIA members managed over $646 billion invested in stable value funds by more than 25 million participants. The SVIAs 75 member companies represent all segments of the stable value community, including public and private retirement plan sponsors, and numerous insurance companies, banks, and investment managers.

Stable Value products are issued by either The Prudential Retirement Insurance and Annuity Company (PRIAC), Hartford, Conn., or The Prudential Insurance Company of America (PICA), Newark, N.J. Both are Prudential Financial companies. Each company is solely responsible for its financial condition and contractual obligations. Guarantees are contingent on the claims paying ability of the issuer.

Prudential Retirement delivers retirement plan solutions for public, private, and non-profit organizations. Services include state-of-the-art record keeping, administrative services, investment management, comprehensive employee investment education and communications, and trustee services. With over 85 years of retirement experience, Prudential Retirement helps meet the needs of over 3.6 million participants and annuitants. Prudential Retirement has $244.8 billion in retirement account values as of June 30, 2012.

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Prudential trio address advantages of stable value funds in retirement portfolios

OXNARD, Calif., Oct.2, 2012 /PRNewswire/ --A new book from one of the nation's most experienced retirement experts answers two of the most important financial questions retirees and soon-to-be retirees will ever face:

With the decline of traditional defined benefit pension plans and the rise of self-directed retirement plans including 401k plans, addressing these questions is one of the most important challenges facing individuals, employers and the entire retirement industry today. Many surveys show that older workers and retirees are struggling with these questions and need help. And Steve Vernon delivers much needed help with his latest book, Money for Life: Turn Your IRA and 401(k) Into a Lifetime Retirement Paycheck.

Money for Life is an easy-to-read, easy-to-understand book that outlines specific action steps and includes illustrations and graphs to support Vernon's points. The book shows in simple terms the three methods for generating a "retirement paycheck" from retirement savings. It explains the pros and cons of these methods, as well as their many varieties and permutations, to help soon-to-be retirees understand just how to generate the money they will need to live comfortably in retirement. One critical factor is the amount of the "retirement paycheck," which can vary widely depending on the method chosen to generate retirement income. This understanding will remove the mystery and frustration around this critical retirement planning decision.

Money for Life also includes these unique features:

Money for Life delivers these powerful messages:

"Workers and retirees usually don't learn about the variety of viable methods to generate a retirement paycheck," says Vernon. "In fact, many people only hear about one or two methods, often from financial planners who have a financial stake in their decisions. Americans want choice in most everything they buy, and that's particularly important for their retirement security."

The book also addresses the behavioral finance issues by debunking common myths and misperceptions about generating retirement income.

This exciting new book provides critical help for boomers who are approaching their retirement years as well as their financial advisors. It's also a great tool for employers and retirement plan sponsors who want to help their employees and participants better prepare for retirement.

About the Author

Steve Vernon, FSA, has more than 35 years of experience as a consulting actuary, helping Fortune 1000 companies design and manage their retirement programs. He provides trusted, unbiased guidance on retirement planning through his regular blog column for CBS MoneyWatch and his four previously published books. For more details on his experience, books, and services, visit Steve's website, http://www.restoflife.com. Steve can be reached directly at steve.vernon@restoflife.com.

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New Book Reveals How to Turn IRAs and 401(k) Plans Into Lifetime Retirement Paychecks