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As we work through our adult lives, we are aware that it is important to set aside money for the future. Retirement savings gives us the funds we will need to cover future expenses after the paychecks stop coming in. During our work lives, it often seems like there’s simply not enough money to both cover current expenses and to set aside for the future. Retirement planning, then, becomes a world of uncertainty and even fear. Fear not – by creating a financial strategy now, you can take charge of your future. A financial strategy provides a roadmap, allowing you to save for retirement while covering your current life expenses. In this guide, we’ll offer tips on establishing a financial strategy that works for your retirement needs. First Step: Planning A solid financial strategy for retirement begins with planning. It is a good idea to lay the groundwork for the future by thinking about expected and unforeseen expenses after retirement. Some of this depends on your retirement goals, such as if you plan to travel, have health concerns that may need medical care, or simply want to relax and enjoy your free time. Other aspects of the planning process include:
The planning process is perhaps the most challenging part of creating a financial strategy. Thankfully, there are retirement planning professionals who can help. These experienced professionals can help you pinpoint your financial needs and goals now and well into the future, and can guide you toward savings accounts and strategies to build retirement wealth. Second Step: Establishing Retirement Accounts Now that you have identified your financial goals, explored what you might need in terms of funds after retirement, and established a will or trust, the next step is to set up retirement accounts. There are many choices, and the earlier you complete this part of the process, the better. Among the many retirement savings choices are:
Set up the accounts of your choosing, naming beneficiaries who will receive the assets when you pass away. Once the accounts are set up, you can begin funding them. Having trouble finding the extra money to fund your retirement accounts? It can be useful to look at your current expenses to identify areas where you can cut back. Freeing up funds in this way is a time-honored solution to create savings. If your employer offers a retirement plan, enroll in it – many employers offer matching contributions to the accounts, helping you to build value relatively quickly. Third Step: Review You’ve done your planning and you have started saving money for retirement. What’s next? The final piece of the financial strategy puzzle is review. Our financial needs and our goals change over time. By reviewing our current situations and our changing retirement goals, we can adjust our plans to meet those goals. Here, the services of a retirement planning professional are invaluable. Set up an annual review of your retirement portfolio, your budget, and your legal documents. With your planner’s help, you will be well on your way to a comfortable and stable financial future. Source: originally found on Tumblr Creating a Financial Strategy for Retirement Planning
I published Diversification: The Key to Smart Investing on Medium.
The global food industry has experienced a severe erosion in public trust over the past decade. Highly-publicized accounts of contamination, the fear of genetically-modified ingredients, and failures on the federal level to inspect food products for safety have led to suspicion and outright distrust among the world’s food-buying public. Add to that the consumer interest in natural and sustainable food production practices and one has a recipe for dramatic upheavals within the food industry. Thankfully, the food industry is responding to consumer distrust, implementing changes in the way food products are sourced, made, and distributed to regain consumer confidence.
Why the Distrust Among Consumers?
In recent years, the food-buying public has become increasingly aware of the role foods play in health. In fact, most industry analysts and food safety advocates believe that foods are far more important for health than any pharmaceutical product. The foods we eat form the foundation of our ability to live our lives, providing nutrition, energy, and immune support. Despite this knowledge – a more sophisticated and aware buying public – trust in the food industry has declined dramatically. While there are many factors that influence public trust (or distrust), some of the leading causes have been:
Reduction in food safety inspections, especially with the partial government shutdown in the U.S. leading inspectors from the U.S. Food and Drug Administration to curtail food production inspections.
What is the Food Industry Doing to Regain Public Trust?
There are many influences in the food production industry, both positive and negative. Public trust in this industry is at an all-time low, and the industry is responding by making significant changes in the way foods are handled from farm to table.
One of the leading initiatives is the food industry partnering with scientists to unlock safer, more environmentally-sustainable agricultural practices. Starting with the building blocks of food production, scientists have developed new strategies that protect nutritional value of food ingredients right at the beginning of the production cycle. Smart food industry players are leveraging these scientific discoveries, ensuring that their products meet or exceed established food safety standards from the very start.
The development of more nutritious foods – foods that support healthy lifestyles and improve immunity from diseases – have risen to the forefront of food industry concerns. Again, science is a critical partner in this aspect of the industry. By developing and producing foods that are healthier, the industry is poised to wipe out malnutrition on a global scale. This has the added effect of improving public trust in the industry, believing that consumer best interests are being recognized.
Finally, consumer packaging and labeling is targeted for improvement. The food industry and its regulatory agencies have recognized that the information on food packages is critical for consumer understanding. Establishing standards in what can and cannot be included in packaging has not only increased public trust, but has also given consumers the details they need to make informed purchasing decisions.
There is much work to be done to ensure public trust of the world’s food production companies. With science, consumer awareness, and a commitment by industry players to improve production parameters, the public can rest assured that food products are safe and nutritious.
Source:
via Blogger Public Distrust in the Food Industry: Overcoming Challenges
“Beware the investment activity that produces applause; the great moves are usually greeted by yawns.”
- Warren Buffettoriginally found on Tumblr "Beware the investment activity that produces applause; the great moves are usually greeted by yawns."
Organic Food Market Demand Analysis Report by 2024
originally found on Tumblr Organic Food Market Demand Analysis Report by 2024 While much of what we eat is refined to some extent, these supposed ultra-processed foods additionally consist of desserts; mass-produced, pre-packaged bread; refined meat items (such as hotdogs as well as poultry nuggets); instant soups; as well as pre-prepared packaged dishes.
Refined foods frequently feature drawbacks such as high degrees of sugarcoated and also salt, states Amy Keating R.D., a Customer Records' nutritional expert. What Professionals Still Do Not Know: The scientists' evaluation revealed that for each 10 percent of a participant's diet plan that was comprised of ultra-processed foods, there was a 12 percent boost in total cancer cells danger (as well as an 11 percent rise in bust cancer cells threat). There's a stable web link in between eating "ultra-processed" foods such as sodas and also packaged treats as well as the danger of creating cancer cells, a brand-new research study of greater than 100,000 individuals discloses. Make it on your own. Many pre-packaged foods like salad clothing, granola, or soup can all be made in the house, offering you amount to control of the active ingredients, states Keating. As a basic guideline, the healthiest diet plans are comprised of whole foods-- those that have been minimally refined," Keating claims. "For your heart, for your weight, and also for your general wellness, attempt to focus most of your dishes on entire grains, veggies, plant healthy proteins (such as tofu or vegetables), fruit, fish, as well as lean meats whenever feasible.". They do not consist of foods such as pasta or rice, which are classified "minimally refined," or fruits crammed in syrup, veggies with included salt, or salty meats, which are thought about "refined.". Although eating ultra-processed foods has formerly been attached to excessive weight, hypertension, and also high cholesterol, the scientists think this is the initial research study that attaches a diet plan high in these sorts of foods to cancer cells. Lajous states the "ultra-processed" classification covers a full series of foods, all with their very own ingredients, dietary make-ups, and also techniques of handling. To start with, begin slow-moving. Do not attempt to change your diet plan at one time, states Keating. Establish workable objectives to consume 2 or 3 less ultra-processed foods each week, so it does not appear frustrating. You can likewise include whole grains, such as fresh veggies or an item of fruit, to a dish that's mainly refined-- for instance, have a salad with that said hotdog. " It's a reasonable very first step to connect every one of these foods to cancer cells," claims Lajous, "however we require a study that limits which particular foods were taken in" to see what they cooperate typically. What The New Research Study Reveals: In the brand-new research study released Wednesday in the clinical journal The BMJ, individuals were adhered to for eight years. They maintained 24-hour food journals, showing which sorts of food they consumed. Scientist after that gauged what percentage of each person's diet regimen was ultra-processed. Cutting Down on Ultra-Processed Foods.: Strategy in advance with treats. Do not obtain embedded a circumstance where refined junk food is your only choice. Maintain things like route mix, nuts, fruit, and also carrot sticks accessible. Some professionals, nonetheless, warn that additional research study is required. Still, there are no dietary disadvantages to consuming a diet plan which contains less ultra-processed foods. There can be a significant health and wellness gains. Martin Lajous, M.D., an epidemiologist with the Harvard T.H. Chan College of Public Wellness that created a content going along with the research, claims it is essential for scientists to establish which ingredients or food classifications particularly can be raising cancer cells danger. Make healthy and balanced swaps. There is all kind of healthy foods that you can sub in for refined ones. Attempt air-popped snacks as opposed to potato chips, oatmeal with fruit as opposed to sweetened grains, or swap in simple yogurt with fruit rather than the sweetened things. "You have to see failure as the beginning and the middle but never entertain it as an end."3/28/2019
“You have to see failure as the beginning and the middle, but never entertain it as an end.”
- Jessica Herrin, founder and CEO of Stella & Dot originally found on Tumblr "You have to see failure as the beginning and the middle, but never entertain it as an end." |