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 Charting Animination |
Goodnight |
| Hello |
founders |
| Intro Retirement |
WEB PROMO |
| Intro Discussion |
key: Economy/ Business |
| Retirement Discuss |
key: Economy / Business |
| Tomorrow |
Tonight 10:00 |
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| Charting Animination |
Goodnight |
| Hello |
founders |
| Intro Retirement |
WEB PROMO |
| Intro Discussion |
key: Economy/ Business |
| Retirement Discuss |
key: Economy / Business |
| Tomorrow |
Tonight 10:00 |
| Charting Animination Return to index of stories... |
Job hunting, healthcare, retirement planning. New Hampshire Outlook wants to help with charting your course. All week we focus on some of the key economic issues in the Granite State. We begin with a special report on on retirement and the economy. |
| Hello Return to index of stories... |
Hello. I'm Allison McNair. Welcome to NH Outlook. |
| Intro Retirement Return to index of stories... |
If you're over forty five and live in New Hampshire, you're not alone. According to the 2000 census - over one third of New Hampshire's population is over 45. That's 441-thousand - 615 people who are thinking about retirement, facing retirement, or already retired. And all of them are trying to cope with an extremely volatile economy - which is taking its toll on their retirement plans. Chip Neal has this report on retirees who are going back to work to make ends meet. |
| Intro Discussion Return to index of stories... |
To talk more about how the instability of the financial market has hurt some American retirees and with some thoughts on how we can make ourselves less vulnerable to huge losses in retirement savings Tom Sedoric joins me from AG Edwards and Sons. |
| Retirement Discuss Return to index of stories... |
What can Tom say about this movement of retirees back into the workforce "I-- usually older families who've paid off their mortgages -- see interest rates fall, it means their interest incomes fall. The bottom line for everyone here is pretty basic and pretty depressing. In the bull market years, no one had to save any money because the market did it for them. Now, both individuals and companies have to reacquire the saving habit. ''There are only two ways to build wealth,'' said Hatzius. ''You can earn returns on your assets or you can contribute fresh savings.'' More saving means less spending. Changes in Retirement Planning We are all living longer Retirees and Pre Retirees are Anxious The Historical Shift to "Self Reliance" from Defined Benefit Plans The Social Security wild card Expanded responsibilities on the worker with only limited skills, time, and knowledge What are the Basics Start Early - the value of compounding Have a Written Investment Policy Allocate risk and assets properly Maximize "tax efficiency" in your planning Don't chase returns, follow your written Investment/Allocation Policy Reduce risk as you approach retirement; don't enhance it if the goal is not in reach….just work a little longer and save! Set a prudent spending policy during retirement. Don't expect the market to bail you out. 4-5% is a prudent spending policy if you want to sleep at night. Remember that pre-tax savings are not "tax free" Myths in Retirement planning "The "market" will bail me out…." "I will die before I spend all my money." "Someone else will take care of me" "The market will come back" -Since we profiled two women are women having particular problems with the recession. -As we saw in the piece one man hired a team to work with him. A CPA, a Financial Planner, an Elder Care lawyer. How realistic is this for the rest of us? -What kinds of problems are those facing retirement now going to have. And what can they do to minimize these problems. -And for those who are 10 or more years away from retirement - how has this recession changed the way they should be preparing for retirement. Retirement *Organize portfolio, minimize risk *Allow working money to work *Pay attention to taxes Assets held in IRAs and Qualified Plans are often double or triple taxed at the end of your life; Plan to avoid this! Selectively "harvest your gains" from investments, don't pull out when things are down. Financial planning for the common man: Questions: Who needs an FP Who watches over them? How do you know if you're getting the right advice? Should companies be allowed/trusted to advise and sell their own products? |
| Tomorrow Return to index of stories... |
On the next New Hampshire Outlook - Charting Your Course. We'll look at why fewer health insurers are doing business in the Granite State. Also we'll find out about existing programs and explore newly formed consortiums designed to make insurance more affordable for everyone. |
| Goodnight Return to index of stories... |
That's it for this edition of our program. For all of us here at New Hampshire Public Television, I'm Ally McNair. Thanks for joining us. We'll see you next time on New Hampshire Outlook. |
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Thanks to our founding sponsors who have provided major funding for the production of New Hampshire Outlook: New Hampshire Charitable Foundation Public Service of New Hampshire Alice J. Reen Charitable Trust Putnam Foundation Stratford Foundation |
| WEB PROMO Return to index of stories... |
Tonight on New Hampshire Outlook. Charting Your Course. We'll look at why fewer health insurers are doing business in the Granite State. Tonight at 10pm on New Hampshire Public Television. |
| key: Economy/ Business Return to index of stories... |
NEW HAMPSHIRE OUTLOOK Air Date/Time: 11/19/02 22:00 HOST: Allison McNair Length: 26:46 minutes In this edition of New Hampshire Outlook, NHPTV's nightly news magazine, we began our week long series "Charting Your Course" a series of reports focused on some key economic issues in the Granite State. This programs focus was retirement. The show began with the following package about the 441-thousand - 615 people who are thinking about retirement, facing retirement, or already retired. And all of them are trying to cope with an extremely volatile economy - which is taking its toll on their retirement plans. PRODUCER/REPORTER: Chip Neal NAME OF PARTICIPANTS: Anne Ireland\Retiree Annet Borgkvist\Retiree Chip Neal\NH Outlook Robin Paquet\Mgr, Dover Manpower Rep. James MacKay\Concord Mary Deveau\Pres., Concord VNA Ronald Max\Washington Peter Wallner\Concord |
| key: Economy / Business Return to index of stories... |
NEW HAMPSHIRE OUTLOOK Air Date/Time: 11/19/02 22:00 HOST: Allison McNair Length: 26:46 minutes In this edition of New Hampshire Outlook, NHPTV's nightly news magazine, we began our week long series "Charting Your Course" a series of reports focused on some key economic issues in the Granite State. This programs focus was retirement. The discussion portion of the show focused on retirement and financial planning. PRODUCER/REPORTER: Chip Neal, Allison McNair NAME OF PARTICIPANTS: Tom Sedoric/AG Edwards and Sons |
| Tonight 10:00 Return to index of stories... |
Tonight on New Hampshire Outlook. Join us tonight at 10:00 only on New Hampshire Outlook. |