5 Pitfalls That Can Ruin Your Retirement!

If you are in or nearing retirement, taking care of your money has never been more important.I have noticed many retirement pitfalls from meeting with hundreds of people.I will discuss a few of these later on but, consider the three phases of the financial planning cycle: accumulation, preservation, and distribution.During your working years accumulating as much money as you can for your retirement years is the goal.When you do retire, preserving your hard earned dollars is essential.You don't want to lose what you worked so hard to save, do you?And lastly, when you start pulling money out of your retirement accounts, your focus should be on tax efficiency and longevity.

You want to pay as little tax as possible and, you want your nest egg to last as long as you do, right?

Now let's look at the retirement pitfalls.

Pitfall #1: Underestimating life expectancy.The average woman will live to about age 82 and men will live on average to about 78.So, don't pull too much money out of your accounts each year.On average, it is safe to use 4%-6% each year.

Pitfall#2: Choosing the wrong strategies to achieve financial longevity for retirement.
Is all of your money exposed to market risk?I hope not.The rule of 100 has been around financial circles for years.What is the rule of 100?Take your age minus 100 and that is what would be acceptable to be exposed to the market.So, a 70 year old should have 70% of his money in accounts that will never give a negative return.And 30% would be an acceptable amount to have in the market.
Additionally, it is good to use good old common sense.Any money you have that you can't afford to lose, should not be in the market.

Pitfall #3: Failure to revise plans over time.Again, the rule of 100 should be applied at all times.At age 70, should your portfolio look like it did at age 50?It's not quite as bad to lose money when you're still working, but it can be financially crippling to lose money that you are using to live on.Also, make sure your life insurance is up to date.If you have plenty of life insurance, it gives you more flexibility knowing that when you die your spouse will get a tax free check.

Pitfall #4: Not outpacing inflation on a consistent basis.Inflation has averaged about 3% since 1945.So, if your money is invested too conservatively, you are at risk of losing purchasing power.Another interesting financial rule is the rule of 72.When your investment earns 72% it will have doubled in value.If your money earns 7.2% for 10 years, you just doubled your money.If you are very conservatively invested and only earn 3% a year, your money will take 24 years to double.Well, this rule works in reverse too.In 24 years you will need twice the money you now have to keep the same purchasing power.

Pitfall #5: Dealing with long term care One of the quickest ways to lose your wealth is to have poor health.The cost of staying in a nursing home is around $70,000 per year.That would take a huge bite out of your nest egg, wouldn't it?People like to say, "my kids will never put me in there!" I can tell you most nursing homes are full.Most of the people in there never imagined this would be their fate.You just never know.Having a long care term policy makes sound financial sense.

There are other pitfalls, but I view these as the top 5.Financial planning is like putting a fine recipe together.Leaving out the flour or putting in too much sugar might make for a bad chocolate cake.What would happen if there was an improperly allocated ingredient within the components of your financial plan?For example, do you have too much money allocated in the stock market in these turbulent times?If you take into consideration these 5 pitfalls and a few others, you will be in a much better position during your retirement years.Use common sense and the help of an adviser to make sure you will have peace of mind and financial longevity.

About the Author

Income recovery and asset protection specialist.

I re-design portfolios so you can increase your monthly income, never run out of money during retirement, never lose any money and, make certain you significantly reduce your taxes.For More Info:www.PepperdineCPA.com

Relaited Links:

• How can buyer or seller benefit from a business to business marketplace and Small businesses advertising?
• Installing a Garage Door
• Fatties Not Fit For Life Insurance

Digital Signage: Why Digital Signs Are Important

Often in this space, I explore a small slice of digital signage development, such as the role of digital signage in meeting the evolving media appetites of people; the ability of digital signs to blend the functions of traditional signs with the interactive aspects of digital kiosks; or the potential of digital signage to command an increasingly larger slice of the media budget of marketers.

While those are important topics, this month I want to get back to the basics of digital signage -specifically why should professional communicators turn to digital signage to convey their important messages?Actually, there are several reasons, including:

-To increase a company's visibility.

One of the biggest problems retailers have when it comes to self-promotion is cutting through all of the marketing noise generated by every other business -be it on radio or TV, in newspapers and magazines or from competing store front signs.Digital signage can cut through those distractions by attracting and directing the attention of the most important potential buyers of all -those in a store who are ready to spend money on a purchase.

-To help solidify relationships with customers and vendors.Consider an auto dealership waiting room with customers seated waiting for their cars to be fixed.With well-positioned digital signage messaging -as opposed to an ordinary TV displaying a cable news channel- the dealership can promote special offers aimed at its captive digital signage audience as a reward for choosing to do business with the dealership.Or, in a corporate setting, a digital sign in the lobby can be used to welcome scheduled vendors, guests and other visitors as they arrive -a simple move that builds goodwill.

-To deliver critical information more efficiently.In times of emergency, an existing digital signage network can be a lifesaver, providing critically important messages alerting employees, customers and other patrons of exit locations, storm shelters and other vital information.

-To save time.Preparing a static, printed sign is labor-intensive, expensive and time-consuming.The same message can be created and displayed far more quickly with a digital sign.Add to that the recurring expense of printing new signs as needs change versus simply updating a digital sign with a few keystrokes and it doesn't take long to begin earning a tidy ROI from a digital sign.

-To attract greater attention than is possible with static, printed signs.The other drawback of print is that it is static.Human brains are programmed for motion.Our eyes are automatically drawn to moving objects.Digital signs displaying full of motion video are dynamic not static.They tap into something that is innately human to demand attention and hold it.

-To increase the efficiency of employees.Imagine a small industrial plant where management wants to communicate vital information to hundreds of workers.Perhaps it's production quotas vs.actual performance; perhaps it's mean time between accidental employee injuries; perhaps it's delivery information regarding vital components that are en route.In all of these instances -and others too numerous to recount here- digital signage has the ability to convey important information to a workforce that is vital to employees maintaining a safe, efficient environment.

There you have it -several reasons why digital signage is an important, effective communications alternative that professional communicators cannot ignore.Sometimes it's good to get back to basics.

Digital Signage...
1) Can increase your company's visibility,
2) Can help solidify your customer and vendor relationships,
3) Can deliver critical information more efficiently,
4) Saves time,
5) Attracts attention better than static signs,
6) Can increase the efficiency of your employees.

And, digital signage can be less expensive than what you are already using.

What do you think?

About the Author

David Little is a digital signage enthusiast with 20 years of experience helping professionals use technology to effectively communicate their unique marketing messages.

For further digital signage insight from Keywest Technology, visit our website for many helpful tips and examples.

Relaited Links:

• What Types Of Items Is A Person Not Allowed To Ship?
• Where to Incorporate: Delaware or Nevada?
• How to Stop Turnover

Private Resell Rights: What They Are and What It Means

Each day, a large number of individuals use the internet. Many of those individuals are looking for ways to make money online. The only problem with using the internet to research money making opportunities is that there are a large number of online scams. These scams many not only dash your homes of making money online, but they may also leave you broke. That is why it is important that you fully understand each online money making opportunity before investing or signing a contract.

As previously mentioned, a large number of individuals use the internet to search for money making ideas and opportunities. In fact, there are so many individuals doing this that there is a good chance that you are one of them. In your search, you may have come across an opportunity claiming that you can make money by reselling private label products. The good news about these opportunities is that, in most cases, they are a legitimate. The bad news is that many of these offers rarely go into detail. This tool that you may not still realize what on earth you are accomplishing or anything you are imagined to do to type change.

Each time it comes to evoking money browse cyberspace, there are some people in general who move on to the after chance each time they do not entirely grasp how one behave. If you do this and deepest emblem reselling, you may be absent out on the likelihood of a life span. Instead of going on to the subsequently cash making opportunity, you are advised to learn as much as you can near to deepest brooch resell rights. Behind you meet up with familiarized yourself also this wonderful opportunity, you may extremely anyhow dig up that it is a abnormal way to brand change.

Inner most emblem resell merchandises refuge a wide style of various objects. On the internet, you will obtain that certain of these products contains software programs, e-books, articles, and cause codes. These are goods are ordinary for they are pricey in entreaty. For example, a couple of webmasters use articles to increase the happy on their website. Software programs are growing in quality as further businesses variety the vote to be unified, machine sensible. E-books are abruptly rising in fame, in particular as added people in general are detecting one another cheaper than printed books. Originator codes, parallel to html codes, are detail to the mission of online online pages.

Once e-books, software programs, and fulfilled articles are required, as precise on top of, there are a couple of people in general who do not labor under the occasion or the foremost acquisitions to become old their own programs or satisfied. In its place, they steadily sign up professional aid. The merely affair plus expert remedy is that it is until the end of time costly. A professional writer or software developer can charge as a lot of as they demand for their services and a number of of each other charge sturdy amounts. As a replacement, kith and kin and businesses, in hunger of software or happy, peep for cheaper options. One of those selections may change acquiring a brand enjoys you.

Deepest badge software programs, happy articles, and e-books are ceaselessly developed by older professionals. The delicately affair is that a few of these human beings do not pass through the epoch or the occurrence involved to publicize their merchandises to the public. Without correct marketing, there is a good arbitrariness their style will on no account advertise. So, in its place of marketing their wareses, private badge class creators will afterward up and put up for sale the rights to their class. Excluding, the capital riches effecting likelihood is every time you are accepted resell rights. Resell rights brutal that you can resell the goods that you effortlessly purchased, ceaselessly for any reward that you required.

Whatever pulls off this nasty for you This means that, for a satisfactory price, you should not certainly be able to pay money for a software list, and e-textbook, or fulfilled articles, but you are as well procuring the rights to resell these merchandises. So, in a way, you will be producing capital riches without stimulating to do any textbook. Clatter unimaginable doesnt it Bluntly, it is not. As lengthy as you are able to capture a guaranteed and trusted software developer or writer to business in addition to, you will be participating in a legitimate affair chance.

If this opening sounds reminiscent of something you would be attracted in, you are counseled to get seeking. On the internet, you will catch a portion of these personal brooch resell occurrences. And a little bit of phase and exploration you might acquire the perfect variety and after that you may be on your way to evoking change, all the when sitting indulge in the consolation of your own domicile.


Around the Inventor

Uchenna Ani-Okoye is an information superhighway sales promotion advisor and co founder of

Relaited Links:

• eBay Sellers: How to Market Your Auctions
• Creating Unique Sites for Affiliate Marketing
• Writing An Attention Getting Press Release