June 5, 2018

Many articles have been written about the subject of retirement planning and there are many books published by experts on this very important issue. I have just recently joined the fold of the retired group and I have been through the mill (so to speak) of planning and implementing my retirement plan in it's initial phase. It is this, the initial phase, which I would like to concentrate on in this article.

So, how do I plan my retirement date?

Most companies have contractual dates for retirement. For example, retirement ages could range from 55 years old for early retirement to 60 years old for Directors to 65 years old for operational staff. These dates are generally a guideline since companies do exercise some flexibility when applying these parameters. However, each individual should be using these parameters as a benchmark and then build a projected financial model to see if they are adequately provided for in retirement. Note: The use of a financial advisor is highly recommended in this planning process.

Since the above guidelines, your retirement date is in fact flexible provided that you can satisfy the golden formula which is expressed as: "Accrued income plus passive income must exceed your current cost of living plus an adjustment (up or down) for lifestyle choice in retirement plus inflation projections and sufficient liquid cash for emergencies ".

Let's face it, the thought of early retirement is in the minds of all of us but if you can not afford it, you are heading for suicide.

Let me expand the golden formula as follows:

  • Accrued income is the monthly pension or income that you can derive from your pension accumulation through your working life. This figure will be provided to you by your pension fund or your investment institution.
  • Passive income is income from investments that you made through your working life. Here you consider regular income from property investments, equity investments, dividends, savings interest, business partnerships and any other form of reliable income which you will derive on a monthly basis.
  • Current cost of living is the full annual cost of your current lifestyle. Be extravagant in estimating this figure and be sure to include everything that you incur as a cost.
  • Adjust your retirement requirements up or down depending on your circumstances and your intended lifestyle in retirement.
  • Make adequate provision for injury during your retirement years. Your financial advisor should project your retirement capital adequacy over your expected lifespan.
  • Ensure that you have a 'nestegg "of cash available for emergencies such as buying a new car, unexpected medical bills, renovating your house, helping your kids, taking some holidays and anything else which is relevant to your situation.

I spend many hours pondering the above elements and I suppose it is only natural to be very conservative about whether you can actually go ahead and retire. Assuming that the criteria for the golden formula are met and in order to make the decision a little easier, the following points …

What is a business structure?

A business structure relates to how the business is organised with regards to who makes the decisions and instructs which part of the business. Often drawn as a diagram, it shows the relationship between decision maker(s) and different departments within the business.

The entrepreneurial business structure

In the entrepreneurial business structure, any decision that needs to be made is made centrally, either by one person or at head office, the results of which are then communicated to workers. This is the most ‘rigid’ of organisational structures, as workers have little to no say or input in the decision-making process, instead having to just follow any orders that are issued.

The entrepreneurial business structure is most commonly found in sole traders with just a few employees, or in organisations which have to make decisions quickly such as publishing where there is often precious little time available to discuss things in meetings when there is a deadline that has to be met. In this instance, somebody has to make a decision quickly without having to discuss or justify it.

For a sole trader, they are often the only owner of the business, and so what they say goes. Because they own it, nobody has the authority to block or delay their decision. Whilst many may invite advice from the people they employ, they will often have an idea in their minds already about what they would like done, and so will probably just make the decision straight away themselves.

Advantages of the entrepreneurial business structure

The main advantage of the entrepreneurial business structure is the ability to make decisions quickly. Without lengthy meetings and discussions, or proposals sat waiting for approval, decisions can be made pretty much instantly and changes put into place. This allows businesses to quickly adapt to any change in market conditions. It is also a leadership style which is used by governments in emergencies, with virtually all countries having laws in place which allow legislation to bypass parliament or equivalent bodies and be enacted when speed and response time is top priority.

Another advantage is that it is one of the least expensive business structures available, and in most cases will be the cheapest option. This is because there are no layers of middle managers to pay or maintain (e.g. company cars).

Thirdly, everybody knows who is in charge and who they are accountable to, removing the chances of confusion being created if different department heads asked for different things from workers (e.g. the head of the production department asks workers to improve the quality of the product by spending more time on each, at the same time as the head of the finance department asks for increased output to generate more revenue).

Disadvantages of the entrepreneurial business structure

Despite its advantages, there are a number of disadvantages to the entrepreneurial business structure.

Because of its autocratic nature, with workers being told what to do with no input on the decision, there is …

How many tomes have we read what it said on the tin or the packet, only to be disappointed when we finally get to taste the delights that were to beautifully displayed and sold as the "best." It does not just happen at the grocery store but all over, almost every product that is sold claims to be the ultimate, best, world market leader, or something.

When it comes to "The best forex trading guide" take no chances. Because "almost the best forex trading guide" just does not cut it.

4 MUST HAVES to claim the best title.

1) An absolute guarantee that from the moment you start Trading that your making money online. Anything less than 80% profits in your investment is not even worth considering. back testing proves that. (oops we just lost 75% of the products on the market (Great news)

2) The system has to be easy to understand. A simple set of instructions, 'you want to try before you buy' too. see if it is as quick to set-up as they say! If you can not test it is not worth looking at. (um lost another 50% products that were left)

3) Training – having a fantastic boat is great, but its no good to you if you do not know how to sail! – simple. This is where the company is really tested too. Ensuring that the customer is comfortable with the software is something the best forex trading guide would do naturally. In fact the best does!

4) Support – you expect and should expect the best possible software support as standard, Forums for members, up-dates for life, advanced tutorials that are bonuses that the best forex trading guide will strive to deliver.

When all said and done only a useful are still standing, however one does stand out above the rest. The reason it stands out is that it leaves no-one in any doubt at all. The best forex trading guide actually gives you 2 months to try the system, and I do not mean test it I mean see it working for you LIVE.

I know it sounds hard to believe but, FAPTurbo the best forex trading guide will actually allow you to make more than enough money to pay for it before you commit to keeping it. Its unique as its the only forex guide that is fully automated. you just set it up and that's it, no need to be there whilst trading iscoming. That's a money making robot trading system, that can not be equaled by man or machine it currently runs at 95.9% and 96.2% profit when you set it correctly. I suggest you take a look for yourself. the results are amazing. …