The Millionaire' s Retirement Plan

Fleur Bradley

If you're just entering the workforce, retirement probably seems like a lifetime away. A million dollars by retirement? That's someone else's dream, right? It doesn't have to be. Here is the millionaire' s retirement plan. For these calculations, assume an average annual return of 8%, adjusted for inflation at 3% - a reasonable estimate of average market returns.

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Age 25: A Good Beginning

You're 25 and landed that first job on your career ladder - congratulations! Before you start living to your new paycheck's standards, budget your retirement savings. If you have a 401(k) plan that matches your contributions, use it! These matching dollars are like a guaranteed return on investment. If you don't have a matching 401(k), look for a mutual fund through an investment firm with low fees; many now offer target funds, which allocate your investment risk with your targeted retirement year in mind - great for a beginning investor.

Choose a Roth IRA if you can; you don't get to deduct your contributions from your taxes, but you'll enjoy tax-free withdrawals at 65. Plan to start by saving about $200 a month to reach your millionaire goal; increasing this monthly amount by $10 annually as you get a raise or promotion will only speed up your saving.

Age 35: Rolling Along

By now you have saved about $45,000 and you've grown in your career with a bigger paycheck, but often, family commitments like children and a mortgage will seem more pressing than saving for your golden years. Don't make the mistake of slowing down your retirement savings. By now, you should ramp up your contributions to about $400 a month - remember that a matching 401(k) will help you in attaining this amount.

If you have kids and worry about saving for their college, look at it this way: the best way to help them in the future is by ensuring you're financially sound in retirement. Make saving for retirement a priority.

Age 45: Holding Steady

You're mid-career, and things are looking good in your retirement portfolio. Your savings have grown to about $160,000 - not bad, but it still isn't quite time to slow down. Increase your retirement contributions to about $450 a month or more, and you'll be rolling your way to millionaire status by 65.

Age 55: Close to the Finish Line

By age 55, your retirement portfolio should be at $400,000 or so. You can start to see the finish line, but begin to wonder about risk. If you've been investing in a target fund, your portfolio has been adjusting its allocation for you; otherwise, look at adjusting some of your investments to reflect a lower risk tolerance. And remember: your income at, say, age 70 won't be withdrawn for another 15 years - plenty of time to ride out market fluctuations.

At age 55, expect to really ramp up your retirement contributions, to roughly $600 a month, and more if you can manage it. The more you save, the sooner you can leave the nine-to-five behind.

Age 65: Prudent Asset Management

You're at the finish line: a millionaire at 65! Since you have no way to add to your savings now that you're out of the workplace, prudent asset management is vital. Keep a close eye on your portfolio so you can make your nest egg last. Protect yourself against inflation as well as market risk, and you'll be enjoying your golden years without financial worries.

The Bottom Line

With steady savings and smart financial habits, you can retire a millionaire - maybe even before you're 65.

Weepay Job Opening

Weepay Payment Processing Corporation (WPPC) is currently hiring for an entry level as Junior Account Executives who's willing to travel nationwide.

Responsibilities: 
• Acquiring Merchants / Business Accreditations
• Account servicing - presenting a portfolio to prospective and existing clients, attending meeting with clients.
• Preparing quotations and proposals
• Coordinating with clients to ensure schedules and requirements are met
• Preparing and implementing marketing plans
• Maintaining a data base of clients and monitoring sales activities
• Promoting sales targets nationwide
• Flexible working hours
• Full-Time positions are available

Requirements:
• Single, Male or Female, not more than 26 years old

• Newly graduate can apply
• Candidate must possess at least a Bachelor's/College Degree in Business Studies/Administration/Management, Marketing, Mass Communications, Advertising/Media
• Computer-savvy
• Can deal with different kinds of people / personalities
• Strong negotiation skills and flexible
• Fluent in English (oral and written)
• Charming, cheerful, creative and intelligent
• Can work under pressure and with minimum supervision; self-motivated
• Capable of working independently and as part of a team
• Ability to compose professionally constructed documents using MS Office. Good knowledge on MS Excel and MS Powerpoint.
• Can start immediately

Office Addresses:
Unit D 15/F BA Lepanto Condominium,
8747 Paseo de Roxas Avenue,
1226 Makati City, Philippines

EC-05B Ground Floor, East Tower
Philippine Stock Exchange Centre
Exchange Road, Ortigas Center
Pasig City, Philippines

To those qualified and interested in joining our team, please send your fully updated resume with picture at ibin@weepay.com.

Panasonic - Malaysia Job Opening

Greeting from “Mindteck Malaysia”. 

We are currently looking C++ / Linux Developer – Multiple Positions for one of the immediate project requirement with our esteemed client here from Cyberjaya, Malaysia. 

Kindly help sharing this mail with your friends, colleagues and subordinates who might be on immediate look out for a change because we have multiple positions. 
We really appreciate your referrals for this position. 

Kindly direct your referrals to Sridhar.ch@sg.mindteck.com 

REQUIREMENT: 

Role:C++ / Linux Developer 
Work Location: Cyberjaya, Malaysia. 
Client: Panasonic 
No.Of Positions: Multiple 
Duration: Your employment will be permanent under Mindteck Software Malaysia Sdn Bhd and your will be outsourced to work at our client location. 

We are looking for C++ candidates (application development especially in backend, API) background + linux knowledge). 
Should have 3-5 years of relevant experience 

If you are looking out for change then please send across your updated resume in word format mentioning your contact details to Sridhar.ch@sg.mindteck.com 

Please mention the following details to expedite the whole process: 
Full Name as in Passport: 
Passport No.: 
Current Salary: 
Expected Salary in Malaysia Ringgits (For conversions pls use www.xe.com ): 
Notice Period: 
Permanent address (with land line number): 
Are you holding any offers? 
Reasons for looking out opportunity: 

Once we receive this information from you we can discuss & take things further. 

Good luck for your job search!!!!! 


Warm Regards, 
Sridhar Cherala 
Sr. Sourcing Specialist, APAC 

Mindteck Singapore Pte Ltd | 7 Keppel Road, #03-52/53, PSA Tanjong Pagar Complex, Singapore 089053 
Email: Sridhar.ch@sg.mindteck.com | Tel: +65-6248 5798 ; | Fax: +65 6225 4517| www.mindteck.com 

4 Lessons from Billionaire College Entrepreneurs

by Michael Deane, Managing Editor

There are more than enough college business success stories to go around - and I'm not talking about that dude who lived next to you in your dorm and made enough money for books by selling home-made Che Guevara t-shirts. I'm talking about the businesses that started in college and became billion-dollar companies. There's something to learn from the Zuckerbergs, Dells and Gateses of the world. Here are four of those lessons.


1. Find a Need and Fill It


This is the most basic of advice for starting a business; either find something that doesn't exist but would improve the lives of those around you, or find an already available product and make it better and cheaper. Mark Zuckerberg is probably the most famous and richest 26-year old on the planet right now, and he did exactly this when creating Facebook.

Zuckerberg was an undergrad at Harvard in 2004, taking computer science (go figure), and had been programming since he was in his teens. At Zuckerberg's old school there had been a registry of students and their photos published every year, but not at Harvard. So Zuckerberg set out to change that, but after his initial hacking into Harvard's server to retrieve the information needed to make a kind of "hot or not" Harvard page, he was shut down and had to go a different route. This gave rise to thefacebook. com and later, after he and his team moved to California, facebook.com.

There have certainly been problems and issues along the way, but what started as a desire to give everyone access to Harvard student photos has made Zuckerberg a billionaire. Facebook is expected to reach one billion accounts in the near future.


2. Think Outside of School


Michael Dell regularly ranks among the richest men in the world as the founder and CEO of Dell computers. Dell actually started this company while he was still in college doing his pre-med courses. Even as a teenager, Dell was interested in computers and finding out how electronics work, and while he was at college, he turned this into a part-time job. Dell started upgrading computers from a room in residence and eventually started operating as "PCs Limited" out of a condo, selling upgraded PCs via direct order. This eventually became Dell computers, which dominated the PC world during the 1990s and mid-2000s.

The company is not quite as dominant a PC force right now, but having started it as a hobby while pursuing an entirely different goal, Dell has certainly made his mark on the computer world.


3. Use Your School Projects for Larger Goals

When you're in college, it's best to try and focus your studies in a way that interests you and will work out in your favor once you're done school. So don't write a 2,000 word paper on Chapter 57 from "Moby Dick" unless you truly find it interesting or want to teach this Melville classic in the future; make your studies work for you.

This is what Larry Page and Sergey Brin did when they were both pursuing their PhDs at Stanford in computer science. They were working on a research project that would create a search engine that would analyze the relationship between websites, and Google was born. The idea of Google comes from Brin's and Page's idea that information should be accessible and universal, and they're making this a reality through a project started at Stanford.


4. Don't Let School Get in the Way

Bill Gates didn't let school get in the way of creating something that would both help the world and make him a multibillionaire. After scoring a mere 1590 out of 1600 on the SATs, Gates enrolled at Harvard with the hope of studying law, and after seeing one the first mass-consumed micro computers, the Altair 8800, Gates and his former classmate Paul Allen approached the maker of the computer to let them know they had written a programming language for the computer. After the maker of the computer, MITS, accepted the offer, Gates left Harvard to pursue his dream, never to return. Shortly after this, Microsoft was formed.

Gates used the college's computer labs to work towards his real passion, and when that passion paid off, he realized that college wasn't for him. Zuckerberg also left Harvard and hasn't returned.


The Bottom Line

There are many other success stories, like Frederick Smith who based the idea for FedEx on an economics paper he'd written while doing a bachelor's of economics at Yale, but the majority of money-making college entrepreneurs have been involved with computers. Overall, college entrepreneurs need to focus on their true passions and let schooling aid them in getting to this goal, and if schooling gets in the way, entrepreneurs have to be prepared to put it aside to follow their idea to the end.

Tentacle Technologies Job Opening

Tentacle Technologies is a young, knowledge driven Software Company offering superior Information Technology services for its global customers. Tentacle Technologies is a global Solutions Specialist with a dedicated focus on the Banking, Financial Services and Insurance vertical. Our core competency lies in Complete Business Solutions and Technical Consulting Resources, both industry and technology specific. 

Tentacle Technologies focuses its R&D on leading edge technologies with the aim of providing world-class services to its clients. 

We understand you are a highly experienced professional and thus write to you on an opportunity which has come up. 


Current requirement 

Position: Senior Engineer 

Location: KL 
Experience: 5 - 12 

Proficiency in C. 
2-3 years in Embedded s/w Development 
Experience with low level embedded programming techniques 
Familiarity with basic protocols 
Wireless domain 
Please send your updated resume and also fill in this details 

Name: 
Position: 
Current Salary and benefits if any: 
Expected Salary and benefits: 
Availability: 
Nationality: 
Current Location / status in the country: 
Total Experience: 
Relevant Experience: 
Reason For Change: 
H/Phone: 
E-mail: 

Kindly do refer some of your friends/colleagues for the same. 

Regards 

Santhosh D 
Tentacle Technologies 
IT Recruiter 
Mobile: +60 177778053 
www.tentacletech.com 

Please send your updated resume and also fill in this details 

Name: 
Position: 
Current Salary and benefits if any: 
Expected Salary and benefits: 
Availability: 
Nationality: 
Current Location / status in the country: 
Total Experience: 
Relevant Experience: 
Reason For Change: 
H/Phone: 
E-mail: 

SPEARACE Solutions Job Opening

SPEARACE Solutions Incorporated (www.spearacesolutions.com) is an innovative and aggressive IT consulting and HR solutions company. Our vision is to be one of the leading IT consulting and HR solutions firm in Asia-Pacific. Our mission is to be the preferred solutions business partner in the software development, support, and software testing domain. We support the IT consulting and HR solutions needs of our multi-national clients.

Our client is currently looking for Software Developer, Global Engineering

Software Developer, Global Engineering

JOB SUMMARY:

This new position is responsible to work in Manila in collaboration with company team in Spain to support the development of a specific PC simulator as part of the SDK of the R3210 contactless reader product

The project is driven by the Project Manager form the Spain office. This PM will provide the detailed specifications as well as the technical support needed all along the project.

DUTIES AND RESPONSIBILITIES:

·         Software Developer is responsible to contribute to the development of a simulator that run on a PC to validate the development of the SDK of the R3210 contactless reader product

·         Position is responsible to promote SW engineering best practices to ensure reliable project execution, product quality, and operational efficiencies.

KNOWLEDGE, SKILLS AND EXPERIENCE

·         A university degree in Computer Science, Information Technology, Software Engineering, Electronics Engineer or equivalent is required.

·         Minimum 4 years solid programming experience including 3 years in:

o    developing Windows DLL applications with MS Visual C++.

o    developing Windows DLL applications with MS Visual C++.

o    developing PC applications with Borland C++ Builder.

·         Experience in creating help files and installation packages.

·         Very good knowledge of the architecture of embedded SW development tool chains, specifically from ARM (ARM SDT, TCC, Armlink)

·         Minimum of 3 years experience on PC application design, development, implementation and support.

·         Understanding with POS (Point-of-Sale) terminals or other highly secure financial/transaction solutions.

·         Experience with the following is a plus:

·         Public Key Infrastructure (PKI) experience, cryptography software development experience

·         General device driver knowledge in the areas of serial, ethernet, USB, flash memory, displays, printers, wireless modems, Bluetooth, RFID, magnetic strip readers, smart cards

·         Embedded Linux development

·         Self-initiative, self-motivated, ability to work under pressure and with remote supervision.

·         Good team player, strong verbal and written skills.

·         Ability to work with geographically distributed teams.

·         Overtime will be required if needed.

·         Can travel if needed.

The company offers a competitive compensation scheme.