Are You Dying to Retired? | Market Trader Training Podcast - Podcast #1

Thinking of retirement at 65? Think again... The pension funds in many large corporations (e.g., Boeing, Lockheed Martin, AT&T, Lucent Technologies, etc.) have been “Over Funded” because many “late retirees” who keep-on working into their old age and retire late after the age of 65 tend to die within two years after their retirements. In other words, many of these late retirees do not live long enough to collect all their fair shares of pension money such that they leave a lot of extra-unused money in the pension funds resulting in the over-funded pension funds. This indicates that for people retired at the age of 50, their average life span is 86; whereas for people retired at the age of 65, their average life span is only 66.8. An important conclusion from this study is that for every year one works beyond age 55, one loses 2 years of life span on average. The Boeing experience is that employees retiring at age of 65 receive pension checks for only 18 months, on average, prior to death. Similarly, the Lockheed experience is that employees retiring at age of 65 receive pension checks for only 17 months, on average, prior to death. Dr. David T. Chai indicated that the Bell Labs experience is similar to those of Boeing and Lockheed based on the casual observation from the Newsletters of Bell Lab retirees. A retiree from Ford Motor told Dr. Paul Tien-Lin Ho that the experience from Ford Motor is also similar to those in Boeing and Lockheed. Dr. Ephrem (Siao Chung) Cheng provided the important results in the following Table 1 and the associated chart from an actuarial study of life span vs. age at retirement. The study was based on the number of pension checks sent to retirees of Boeing Aerospace. The objective of the Market Trader Training program is to teach students to trade safely and profitably. The instructors are not brokers, will not conduct trades, recommend stocks or futures for you, hold your money and don’t receive commissions. Jim only wants to teach you how to trade successfully. Whether you wish to `dabble’ in market trading for extra income and an intellectual challenge, or to work towards leaving your current job and becoming a full-time independent trader, the Market Trader Training program will get you started. Length: 27 min. 1 sec. Go to iTunes and review our podcast: <a href="http://phobos.apple.com/WebObjects/MZStore.woa/wa/viewPodcast?id=118336356"> iTunes Internet Marketing Unleashed Reviews and 5 star ratings Every review and 5 star rating adds to the popularity of my podcast and helps us put the word out to more people. Make sure to leave a Comment. Your feedback is much appreciated! If You Enjoyed This, Please Go To "FANS OF THIS SHOW" On The RIGHT And Then Click On "BECOME A FAN". In Addition, PLEASE CLICK On The “SEND TO FRIENDS” At The Bottom Of This PodCast Episode…. COPY THE DATA And SEND THIS, and “My Pod Home Page URL”, To EVERYONE In Your ADDRESS BOOK…. FRIENDS Or ENEMIES! WANT TO BE NOTIFIED OF NEW EPISODES? ~~~~~~~~~~~~~~~~~~~~ Go To “Join my mailing list ” On The RIGHT………. When It Comes Up You Will See On This Page “Add me to markettradertraining' mailing list:” ………. And Then type in your name and email address ………. Now Just Click “Save”. Technorati Tags: stocks, <a href="http://technorati.com/tag/trading" rel="tag">trading, <a href="http://technorati.com/tag/forex" rel="tag">forex, Jim Short, Scott Paton.