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Follow on Google News | Torrid Technologies Lists Top Three Most Common Mistakes When Planning for RetirementTorrid Technologies, a retirement planning Software Company, reveals its top three commonly observed consumer mistakes when attempting to comprehensively plan for retirement and how to avoid them.
By: Torrid Technologies Top Three Mistakes to Avoid When Planning for Retirement Waiting too long to start planning. The sooner, the cheaper, the better. Retirement planning is most beneficial to you the sooner you begin planning. Don’t wait until you can’t wait anymore. Start TODAY! The power of compounding and dollar cost averaging your investment contributions has a massive effect over the long haul. Waiting until 50 to start saving for retirement is a huge mistake. Counting on government programs. The government programs that you qualify for may provide a small contribution to your retirement. However, don’t be fooled! The Government’s retirement programs will not completely substitute your income because they weren’t designed to. You may get Social Security but it’s not going to cover all your expenses. And based on the growing number of retirees, increasing life expectancies and shrinking work force it is possible that benefits are inevitably going to be cut. Not working with a long-term retirement planning professional or at least high grade software. If you are a professional doctor or lawyer then it makes sense why you wouldn’t be so great at the initial steps necessary to develop a solid comprehensive retirement plan. That’s what a professional is for! Hire a professional advisor or sign up for a software program that gets you going. If you think you are really going to plan your retirement using “free internet calculators” Retirement can be spent in peace when the planning is done right. By avoiding the three outlined commonly made mistakes; by, 1. starting early, 2. not relying solely on government programs and 3. hiring a professional adviser or using a high grade software like RetirementView by Torrid Technologies, you will steer clear of obstacles and difficulty that will arise by doing the opposite. About Torrid Technologies Torrid Technologies offers a “keep it simple” retirement planning tool called RetirementView 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- Contact Information: Torrid Technologies 1860 Sandy Plains Rd. Suite 204-129 Marietta, GA 30066 www.torrid-tech.com Miji Pearse miji@torrid- 770-884-6085 End
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