Torrid Technologies Top Retirement Planning FYI for Generation Millennial

Torrid Technologies Top Retirement Planning FYI for GenerationMillennial

                Torrid Technologies, a retirement planning Software Company, provides alternative millennial generation retirement planning approach; countering popular Pogo-Stick article

Marietta, GA, October 27, 2014 – The recent tumultuous financial headlines, recession, bubble burst PLUS more are just a few reasons why people are panicking in many circles about retirement planning. More recently, a popular media platform released a “Pogo Stick” article  that moved Torrid Technologies to release their number one retirement planning option for the younger generation.. Contrary to what is being widely circulated as ‘retirement planning for the next generation’ Torrid Technologies list their number 1 and very simple FYI that will assist millennials with considering the choices available to them.

For the purpose of informing millennials about their planning options, Torrid Technologies’ composed a simple and less radical way to go about this very important choice. As an alternative approach Torrid Technologies offers the following strategy to the next generation of retirement planners:

Top Retirement Planning FYI for Generation Millennial

Start saving for retirement as soon as you get out of college… YES! It’s that simple!

Now most millennials think that is impossible. But if your employer offers a plan then sign up immediately before your first check if you can… then you never feel like you miss the money.  Your new job will be probably be a windfall compared to college days, so start as soon as you can.  The advantage is that you have a much longer time horizon to save and accumulate.  The effect of compound interest along with ongoing savings creates a powerful snowball effect.

As a way to assist the young and unfamiliar retirement planner along their quest to a secure financial future, Torrid Technologies is offering each new millennial that subscribes to the Individual or Couples edition, access to their Financial Technobabble Translation Guide – a guide to decipher all of the financial terms that most people don’t understand (Including how this helps you avoid making costly money mistakes). To sign up visit www.torrid-tech.com.

About Torrid Technologies

Torrid Technologies offers a keep it simple retirement planning tool that allows you to hold onto a strong retirement future, even if the powers that be in Washington try to make a grab for it.  You can download a complimentary demo copy from their website at:  http://www.torrid-tech.com

Contact Information:

Torrid Technologies

1860 Sandy Plains Rd.
Suite 204-129
Marietta, GA 30066

770-884-6085

www.torrid-tech.com

miji@torrid-tech.com

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Don’t Touch the Principal — live off the interest…. Why This is Number One of the 5 Giant Myths of Retirement Planning according to Forbes.com

Don’t Touch the Principal — live off the interest…. Why This is Number One of the 5 Giant Myths of Retirement Planning according to Forbes.com

http://www.forbes.com/sites/nextavenue/2014/09/22/5-giant-myths-of-retirement-planning/

Heard of these myths? Tell us your experience and share other myths or misunderstanding you’ve come across related to Retirement Planning.

Wanting to Retire Early? See how Time Money relates maintaining your home to ultimate financial freedom.

Wanting to Retire Early? See how Time Money relates maintaining your home to ultimate financial freedom.

http://time.com/money/3510115/retire-early-most-important-move/

Have you or someone you know experienced this? Tell us about it!

How Long Will Your 401(k) Funds Last In Retirement?

“With pensions increasingly rare and the future of Social Security uncertain, many people rely on their 401(k) plans to provide lifetime income once they retire. The problem with this strategy is that no one knows just how long that lifetime will be.

And that’s not the only thing that’s uncertain when it comes to retirement planning…”

If you’re not sure whether or not your funds will last, skip over to this detailed article where Nancy L Anderson outlines how to plan for a lifetime of income in an uncertain environment.

http://www.forbes.com/sites/nancyanderson/2014/10/09/how-long-will-your-401k-funds-last-in-retirement/

 

Melody Juge Explains Why General Calculations for Solid Retirement Planning Isn’t Enough

Find out why Melody Juge, managing director at Life Income Management, tells us that

“… knowing what your living expenses are in general isn’t enough”

IN –> 9 key criteria for creating a sound retirement plan

http://www.marketwatch.com/story/9-key-criteria-for-creating-a-sound-retirement-plan-2014-10-03

Do you agree with Melody? How do you calculate your living costs AND plan for potential unforeseen ancillary expenses?

 

Is the Government Planning a Power Grab on YOUR Retirement Accounts?

Marietta, GA, September 24, 2014 – During a recent hearing on Capitol Hill with the Senate Finance Committee, the old rumors and fears of taxing retirement accounts were reborn. According to the hearing information released from the Senate Committee on Finance, Chairman, Ron Wyden (D-Ore), who wants retirement savings on the tax reform agenda, used a recent Governmental Accountability Office, analysis to support claims that:

  • incentives for savings in the tax code are not getting to the people who need them, and
  • something is out of whack with a system that he said taxpayers are subsidizing at a current $140 billion/year.

Additionally, the same GAO analysis that the Chairman referenced contained the following data

  • 9,000 of population have IRAs greater than $5 million
  • 43 million of population have IRAs less than $5 million

Sen. Orrin Hatch (R-Utah), Ranking Member of the Senate Finance committee claimed that to consider the Chairman’s claims are a “political strategy by some in Congress to turn pension policy into just another partisan battleground”.

 

The committee noted that “IRAs were never intended to become tax shelters for millionaires – they’re designed to help typical Americans save for retirement.”

The committee’s release goes onto say: “As the Finance Committee continues to work on modernizing the tax code, it should take a good look at fixing this issue. With limited resources, it’s crucial to use taxpayer dollars wisely.”

 

This language indicates that they don’t want to allow IRAs to be tax shelters, which in turn implies taxing them because it’s “crucial to use taxpayer dollars wisely”.

 

Torrid Technologies’ founder and attorney Timothy Turner says, “The committee seems to be leaning towards the idea of eliminating or reducing the ability of IRAs to shelter money for retirement. They are doing this under the guise that it’s somehow unfair for some people to have saved so much money, but the problem is once you go down this dangerous route where will they stop?  How big or small of an account do you have to have before they eliminate the tax shelter?  U.S. citizens don’t want this type of intrusion into their retirement accounts.”

 

For more information about the before mentioned U.S. Senate Committee on Finance hearing, please visit (http://www.finance.senate.gov/newsroom/chairman/release/?id=6605d837-6ab3-4bf8-938b-ce327bea119b)

 

About Torrid Technologies

Torrid Technologies offers a keep it simple retirement planning tool that allows you to hold onto a strong retirement future, even if the powers that be in Washington try to make a grab for it.  You can download a complimentary demo copy from their website at:  http://www.torrid-tech.com

 

 

 

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Welcome to our Retirement Community

Welcome to our Retirement Community!

Torrid Technologies is starting this blog community to provide a place for our customers and the general public to discuss issues related to retirement and investing.

Some of the topics we want people to discuss in this community include:

  • 401(k) Plans (sometimes abbreviated 401k Plans)
  • 72(t) plans filed with the IRS
  • Annuity
  • Annuities
  • Fiduciary Responsibilities
  • Field Marketing Organizations (FMOs or MOs)
  • Fixed Index Annuities
  • Investing for Retirement
  • Life Insurance
  • News related to retirement
  • Pensions and Defined Benefit Plans
  • Registered Investment Advisors (RIAs)
  • Required Minimum Distributions (RMDs)
  • Retirement news
  • Retirement living
  • Retirement Portfolios
  • Retirement Planning
  • Retirement Software
  • Reverse Mortgages
  • Social Security
  • Term Life Insurance
  • Universal Life Insurance
  • Variable Annuities
  • Whole Life Insurance
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