Putting a price on retirement: How much money do you need?

Working out how much money you will need for retirement isn’t easy. There are a number of factors that need to be taken into account, such as what age you retire and how long you live, what kind of lifestyle you want in your retirement, and your health. To work out how much money you will need in your retirement, consider the following factors.

Age of Retirement

The age you retire will have a huge effect on how much money you will need during your retirement. If you retire early, you will need more money so your retirement fund lasts longer. If you retire later, you usually wouldn’t need as much.

You also have to take into account how long you will live. This is the tricky part – no one has a crystal ball after all. Bear in mind women usually live longer than men, while people with no history of medical problems, who stay healthy and active will usually live a longer life. You can use the Suncorp superannuation calculator to find out how much you will need to retire.

Couple or Single?

The amount you need for retirement will depend on your partner status. Individuals have to cover all costs themselves, so they usually need more to be independent. Couples can share living costs, which means they don’t need to save quite as much individually.

Standard of Living

How you plan to live during your retirement will also have an effect on the amount you will need to save. If you plan on living modestly, then the amount you need will be lower. However, if you plan to travel, to keep a nice car, to attend a number of activities, and to maintain your current standard of living, you will need much more in your retirement fund.

Your Health

Depending on where you retire, you may have to take into account medical bills. An unfortunate side effect of aging is that your body can deteriorate. This may mean getting glasses, increased doctor visits, seeing a specialist, or even getting a hip or knee replacement. You will need to make sure your retirement fund can cover these eventualities, or the cost of private healthcare.

Retirement Location

Fancy retiring somewhere warm and exotic? Many retirees do. There are retirement communities all over the world, and some benefit from having a lower cost of living than the retiree’s home country. Choosing to retire in a foreign country can be a great way of stretching retirement funds, but be sure to take all aspects of relocating into account.

Putting a Price on it

Once you have taken all these considerations into account, you should be able to come up with a rough figure. The amount required for retirement will depend on your location, so check out government-run or other authoritative websites that can tell you how much you will need for retiring in your geographical location.

These sites will often have handy calculators to help you work out how much you will need, and they may give industry standards for how much you need. If you want to make the most of your retirement, be sure to make the right choice with your retirement fund. Compare your options today.

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Your Questions About Owns Sweet Candy Company

Richard asks…

Who is the best chocolate company in the world?

I want to host a chocolate tasting party this summer but I live in a lower culture area so I don’t have alot of information about higher end chocolate. What companies offer top of the line chocolates? I’m hoping for something VERY high end that I wouldn’t be able to find or afford for anything other than a special occasion.

financi4 answers:

La Maison du Chocolat
What Tiffany did for jewelry, La Maison has done for chocolate. There may be no other store that makes as luxurious sweets as La Maison du Chocolate.

La Maison chocolates are exquisitely arrayed in caramel-colored leather boxes fine enough to hold your grandmother’s estate jewelry. Its dark- and milk-chocolate truffles, marrons glaces, caramels, and mendiants (slices of chocolate sprinkled with dried fruits, assorted nuts or orange peel) contain no more than 65 percent cocoa, so they’re more sweet than bitter. Ganache fillings are made with cocoa butter, not milk fat.

Each year, La Maison introduces a limited-edition gift to mark Easter. This year, the company is selling leather-bound, egg-shaped boxes crammed with 39 dark- and milk chocolates and a big chocolate egg. This one-pound treat costs $78; the two-pounder runs $110. (www.lamaisonduchocolat.com 800-988-5632)

Dagoba Organic Chocolate
For years, the prospect of organic chocolate usually boiled down to carob, that largely tasteless impostor that left real chocolate lovers hugely disappointed. Then along came Frederick Schilling, a former chef with a mind for experimentation.

After learning that most cocoa growers relied on pesticides to get beans growing, Schilling founded Dagoba, whose name means “temple of the gods” in Sanskrit. The company buys handpicked, organic beans and cocoa from co-ops in the Dominican Republic and Central America, paying full price for the ingredients to comply with certified “Fair Trade” practices.

Chocolate bar choices include such offerings as hazelnut, milk chocolate, roseberry (a blend of raspberry and rose hips), mint/rosemary, lime and macadamia nut, chai (a mixture of milk chocolate infused with cardamom, anise, black pepper, cinnamon and clover), and a lavender/blueberry bar. A gift box of one dozen assorted bars runs $36. (www.dagobachocolate.com; 541-664-9030)

Ganache Chocolates
After 30 years in the pastry business, Norman Love decided to walk away from it all.

The former corporate pastry chef for Ritz Carlton, Love spent 42 weeks a year traipsing around the world to oversee the hotel chain’s operations. Though he gave up a stellar career – his honors include a bronze medal from the biennial Coup du Monde de la Patisserie (World Cup of Pastry) competition in Lyon – it wasn’t difficult for Love to switch gears.

“Chocolate is my passion,” said Love, who dreamed of making a chocolate that was as visually stunning and delicious. So Love and partner Judy Limekiller founded Ganache.

The duo has perfected a technique in which the colored designs for each candy are hand-painted or airbrushed into chocolate molds, then filled the finest chocolate important from Belgium, France and Switzerland. They contain fresh ingredients like pureed raspberries, bananas, ginger and hazelnuts.

Call the shop directly to inquire about Easter treats such as the hollow, multi-colored chocolate eggs that hold eight truffles ($25) or any one of the pastel, galvanized tin buckets that have been filled with a solid bunny, truffles and other sweets. ($45) (www.ganachechocolates.com; 239-561-7215)

Garrison Confections
Andrew Shotts was the pastry chef at La Cote Basque in New York when he started making a line of colorful, intricately designed chocolates to serve to the restaurant’s patrons after their meals. He then continued to experiment and create chocolates for subsequent employers, including the Russian Tea Room in New York and Guittard Chocolate in San Francisco.

During his stint at Guittard, Shotts created the company’s signature couveture, a chocolate used to make truffles and pastries like molten chocolate cake and that is sold to pastry chefs across the country. Today, Shotts uses E. Guittard couveture at his own chocolate company, Garrison Confections, which he opened in 2001 with his wife, Tina Wright.

His current Vernal collection includes chocolates flavored with fresh herbs and honey, a mint-flavored mojito and a “spring trio” bonbon that’s layered with almond, hazelnut and macadamia nut praline. (A box of 24 vernal chocolates runs $30.)

Easter offerings include edible white, milk or dark-chocolate postcards adored in colorful designs and holiday messages inspired by classic French greeting cards. Each, separately wrapped card costs $8 and is shipped in temperature-controlled packaging to prevent melting. (www.garrisonconfections.com; 212-929-2545)

Richard Donnelly Fine Chocolates
In 1998, just 10 years after he opened his chocolate shop in Santa Cruz, Calif., Richard Donnelly won the Best Artisan award at the prestigious EuroChocolate Festival in Perugia, Italy.

Donnelly learned his craft in Paris and Brussels before opening his own shop, where he produces no more than 50 pounds of chocolate a day.

His selections can be roughly divided into two groups: “American” chocolates filled with familiar tastes such as caramel and marzipan, and what Donnelly calls “more interesting” exotic chocolates suffused with herbs like cardamom, Chinese five-spice and lavender.

One pound of Donnelly’s assorted sweets runs $65. For that price, Donnelly is happy to custom-fill orders for finicky clients who want a box filled with nothing but their favorites. (www.donnellychocolates.com; 888-685-1871)

Thomas asks…

Is there a milk chocolate that is made with a vegan non-dairy milk?

Does anyone know of a company that sells a creamy type chocolate bar made with rice, almond, hazelnut or some other type of plant based milk? If so can you provide a link? Also if there are no companies that sell it but you have a recipe that would be helpful.

financi4 answers:

I have had the terra Nostra chocolate and it is REALLLY good.
I make my own chocolate candy at home all the time.
I grind together cashews, cocoa nibs, coconut oil, carob powder, and agave nectar. Sometimes I’ll add a little maca powder, although, frankly, I’m not sure what it does. It’s supposed to be a ‘superfood”. I pour it into molds and freeze it, then keep it in the freezer for a quick, sweet treat. It is a lot creamier and sweeter than dark chocolate because of the cashews.

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New Investing in Innovation Grant Winners Focus on Faculty, Validation

New Investing in Innovation Grant Winners Focus on Faculty, Validation

On Thursday, the administration's Department of Education wasted no time taking advantage of that reprieve, awarding nearly $150 million to 20 school districts and nonprofit organizations in the third round of Investing in Innovation (i3) grants. My
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Investing In High Dividend Stock Market Money

Discovering the correct dividend stock investing strategy takes time, effort and some research. But for these willing to make the commitment, there can be higher rewards. 1 strategy utilized by those investing in stock issues focusing on the dividend. Offered today’s unstable stock market, investing in companies that yield a high dividend might at first seem like a sound investing strategy, but there are possible pitfalls for these who go too far in that particular field.

What is a Dividend?

Essentially, when a business tends to make money, it will sometimes give a share of that profit back to their proprietors in the type of cash dividends. Somebody who does dividend stock investing will also receive a share of that money in conditions of inactive earnings. That is, each month the company makes money and provides back to the proprietors. When the technique is followed correctly, this can be a great supply of retirement money and you might even strike the jackpot and become rich, but these who do are usually few and far in between.

For these who want to get into dividend stock investing, the general strategy is to find the businesses that have an set up track document of having to pay the highest dividend quantity over a time period of time. This appears easy on the surface, but discovering this kind of companies are not all that simple. As well as, there might be other factors why the company has such high dividends that do not make for great investments.

One good example why companies may want to pay out high dividends is because traders might want to avoid the stock shares, meaning they believe the business is in severe difficulty. And numerous times, they are correct.

Some general suggestions of what to appear for when dividend stock investing begins with searching at the dividend payout ratio you do not want it to be much above 60%, which indicates the business is retaining a large quantity, perhaps for future expansion which will reduce the dividend earnings drastically.

You’ll also want to commit in a business that has great pricing energy the capability to increase costs to assist offset potentially higher inflation rates which can drain earnings from dividends. Also, you’ll want to look for financial debt to equity ratio of less than 50%, which indicates for each dollar of internet worth, the business has a dollar or less in debt. Finally, to get some extra protection in situation the dividend is cut, you’ll want to commit in shares that have a p/e ratio of fifteen or less. This additional safety can arrive in handy in case the sudden happens.

The primary risk with investing in dividend stocks is the same as with investments in all shares. Markets could crash. And then it could consider a lengthy time prior to your dividend stock is back again on the price degree where you bought it.

By subsequent sound strategies, there are great earnings to be produced for those who can determine the right dividend stock investing strategies and mix them with a wide base of other kinds of money and stocks that will offer solid profit without the risk of putting all of their money in one basket.

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A Simple Way to Explain Successful Investing

A Simple Way to Explain Successful Investing

You've probably heard of Nate Silver by now. He's the statistics blogger whose forecasting model has correctly predicted 99 of 100 state races in the last two presidential elections. His work is a triumph of math and statistics over punditry and guesswork.
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Your Questions About Owns See’s Candy Company

Ken asks…

Does anyone have a recipe for See’s Fudge?

I lived in Visalia, California, and a high school teacher gave me a recipe for See”s fudge which came from See’s candy store, he said. I lost the recipe and would love to have it again. Please help! Thank you.
THANK YOU SOOO MUCH! I am so happy to have the recipe again. I haven’t had a chance to make it yet, but I look forward to it. And thank you for the history info as well!

financi4 answers:


Recipe By :
Serving Size : 25 Preparation Time :0:00
Categories : Fudges

Amount Measure Ingredient — Preparation Method
——– ———— ——————————–
4 1/2 cups Sugar
3 packages Chocolate chips (12 oz ea)
1/2 pound Margarine
1 teaspoon Vanilla
1 can Evaporated milk
7 ounces Marshmallow cream
2 cups Nuts

Mix 4 1/2 cups sugar with one (1) can evaporated milk.
Boil 7 to 8 minutes, stirring often. (rolling boil) Mix together in a
large bowl; 3 packages chocolate chips, 7 oz. Jar marshmallow cream, 1/2
lb. Melted margarine. Cream margarine and marshmallow together and add
chocolate chips. Pour hot mixture over chocolate mixture. After
chocolate has melted, add 2 cups of nuts and 1 tsp. Of vanilla, blend
well, pour into buttered pans and chill in refrigerator. Cut into
squares before firm. This recipe makes about 5 lbs of fudge. No one has
attempted a calorie count, but it’s estimated that each piece contains
about 47 gazillion calories. Dieters, beware! HISTORICAL NOTE:
Given to Amy DeVore by Emma Julian c. 1930, this is “supposedly” the
original recipe for See’s Fudge, produced by the See’s Candy Company,
Los Angeles. Emma allegedly worked for See’s and later owned her own
candy store.

Chris asks…

Can anyone give me an example of a holding company?

like use stores that are common (:
and what is a trust?
10 pts! if someone answers!

financi4 answers:

One of the largest and most diversified holding companies is Berkshire Hathaway they own or have holdings in the following companies

Insurance and Finance

* Geico
* Applied Underwriters
* General Re
* Kansas Bankers Surety Company
* National Indemnity Company
* Wesco Financial Corporation
* United States Liability Insurance Group
* Central States Indemnity Company
* American Express (12.1% of common stock owned at the end of 2004)
* M&T Bank (5.9% of common stock)


* Anheuser-Busch (5.8% owned at the end of 3Q 2005)
* Dairy Queen
* The Coca-Cola Company (8.3% owned at the end of 2004)
* The Pampered Chef
* See’s Candies


* Fechheimer Brothers Company
* Fruit of the Loom
* Garan Children’s Clothing
* H.H. Brown Shoe Group
* Justin Brands

Furniture Related

* CORT Business Services
* Jordan’s Furniture
* Larson-Juhl
* Nebraska Furniture Mart
* RC Willey Home Furnishings
* Star Furniture

Materials and Construction

* Acme Brick Company
* Benjamin Moore & Co.
* Clayton Homes
* ISCAR Metalworking
* Johns Manville
* MiTek
* Precision Steel Warehouse, Inc.
* Shaw Industries


* The Washington Post Company (18.1% owned at the end of 2004)
* The Buffalo News
* Business Wire


* XTRA Corporation
* McLane Company

Luxury Items

* Ben Bridge Jewelers
* Borsheim’s Fine Jewelry
* Helzberg Diamonds


* Scott Fetzer Companies
* MidAmerican Energy Holdings Company
* NetJets
* NetJets Europe
* FlightSafety
* CTB Inc.
* Procter & Gamble (3.0% owned at the end of 2005)
* PetroChina (1.3% owned at the end of 2004)
* Blue Chip Stamps

Pretty impressive holding company, wouldn’t you agree?

Thomas asks…

Can someone give me a list of all the major companies that Warren Buffet owns?

financi4 answers:

His company is Berkshire Hathaway, which oversees and manages a number of subsidary companies:
* Borsheim’s Fine Jewelry
* Dairy Queen
* Fruit of the Loom
* Nebraska Furniture Mart
* Jordan’s Furniture
* The Pampered Chef
* See’s Candies
* World Book
* FlightSafety International
* NetJets
* Forest River
* Business Wire
* Russell Corporation
* Iscar Metalworking
* Geico
* General Re
* Kansas Bankers Surety Company
* National Indemnity Company
* Wesco Financial Corporation
* Applied Underwriters Inc.

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