So that, Setién will not be able to enjoy the “winter signing”, as he defined it, staying in addition with a template totally uncovered by having only 16 chips from the first team, since the decline of Dembélé must be added that of Luis Suárez, which still has three months of recovery.There is no doubt that all the planning of the season is supported by pins. With a staff of 16 players it is practically impossible to face the agenda of games that comes to Barcelona between the Cup, Champions and League. When bad news accumulates in ‘Can Barça’ they fall one after the other. Since the dismissal of Ernesto Valverde, the club has entered a maelstrom of bad decisions and mistakes that have led to a dead end.The last one occurred this morning when the French striker has passed some new tests on his right leg because the back of his thigh was still hurting after the puncture he suffered during Monday’s training. What was the surprise when the ultrasound performed revealed a complete rupture of the proximal tendon of the biceps femoris of the right leg. An injury similar to that which occurred in his first year as a Blaugrana and forced him to go through the operating room and be four months off.The club has not yet ruled on the method that will be followed, but AS has learned from sources consulted that the only possible alternative is surgery. It will be the Finnish traumatologist again, Sakari Orava, who intervenes with the player, just as he did three years ago. On that occasion the break was in the left leg.
If you haven’t started saving yet, you’re not alone. According to Northwestern Mutual’s 2018 Planning & Progress Study, about 1 in 5 Americans have nothing saved for retirement.And the average American has $84,821 saved for retirement, which is far less than the $1 million to $1.5 million that’s recommended.These numbers paint a bleak picture, suggesting many Americans will not have the means to support themselves later in life.So how can you stay ahead of the curve and support yourself after you’ve stopped working? First, make sure you’re not making any of these retirement savings mistakes.1. Not Having a Retirement PlanThey say that failing to plan is planning to fail. Although this might not always be the case, it certainly rings true when it comes to saving for retirement. Without a plan in place, it’s impossible to know whether you’re on the right track.“The major mistake people make is not having a written retirement plan in place at an early age,” said Drew Parker, creator of The Complete Retirement Planner. “You should actually start developing a comprehensive retirement plan as soon as you start working.”Part of this plan should be to set a retirement savings goal. Since everyone’s lifestyle is different, your target figure should be customized to your unique needs.Carter Henderson, founder and chief investment officer at Henderson Capital Group, recommended using the “replacement ratio,” or what proportion of your current (or predicted) income you’ll need during retirement.“To be considered financially secure, meaning you’re not living on a tight budget nor are you spending money on lavish vacations, experts recommend replacing 70 percent of your former income,” said Henderson. “If you think you’ll cut back in retirement, plan to replace 60 percent, but if you want to live just like you are living and take some lavish trips, you should save enough to replace 80 percent to 100 percent of your former income.”Once you know your goal, you can use an investment calculator to work backward and figure out how much you must save each year to reach that number.16 Companies That Will Help You Retire a Millionaire2. Waiting to Save Until You’re Debt-FreeIf you’ve got debt (student loans, anyone?), you might be tempted to put saving for retirement on the back burner until you’ve paid it off. But waiting to save would be a mistake, particularly if you have low-interest debt.“Not starting to invest regularly as a 20-something is a financial mistake that carries long-term consequences,” said retired professor Timothy Wiedman, who taught a course on retirement planning. “Unfortunately, many young folks divert their disposable income in other directions, believing that they can catch up later after their incomes rise. But that strategy is almost always a big mistake.”That’s not to say you should ignore your debt, but rather find a balance between debt repayment and saving for retirement. After all, the earlier you start saving, the bigger your nest egg will grow over time.“The single most determining factor for success in savings for retirement is length of time in the game,” said Matthew Novak, a certified financial planner (CFP) at Integral Wealth Planning. “The power of compounding interest over 30 years is more important than any single investment pick.”Compound interest is a powerful force over time, so take advantage of it by starting early. Even if you can only set aside a small amount now, you can always increase your contributions over time.3. Stashing Cash in a Bank Account Instead of InvestingWhen we talk about saving for retirement, we’re typically not referring to saving money in a bank account. Even high-yield savings accounts only get around a one percent annual return, which won’t amount to much over the long run.Instead, you should put your money into a retirement savings account, which typically includes a mix of stocks and bonds.“Out of default, many people put their money into a savings account when they are saving for retirement,” said McCall Robison, who writes about retirement planning for Best Company. “Although it’s good to start saving, putting your money in a savings account isn’t doing you any good in regards to increasing the amount of that money. Instead, you should look into other options that will still give you opportunities to earn interest on your retirement fund.”If your employer offers a 401(k) or 403(b), go with that. If not, look for a low-fee individual retirement account (IRA), such as the one offered by Betterment. Self-employed people and small-business owners might also use a simplified employee pension individual retirement account (SEP IRA).You also don’t have to limit yourself to one account, especially if you plan to save more than yearly contribution limits allow.4. Failing to Take Advantage of Tax BenefitsBesides giving you a solid return on investment, retirement savings accounts also offer tax benefits.Traditional IRAs, for instance, let you contribute pretax dollars to your account. You can contribute more upfront while lowering your taxable income, but you will pay taxes when you withdraw the money.Roth IRAs, on the other hand, involve post-tax dollars, but your future withdrawals aren’t taxable. Roth IRAs can be an especially good choice for young people as they’re likely not in high tax brackets yet.“The Roth 401(k) makes sense for them because they’ll likely never be in a lower tax bracket again,” said Levi Sanchez, CFP and co-founder of Millennial Wealth. “Over time, they can switch to the traditional 401(k) as their compensation and tax bracket increases.”If you’re just getting started, learn the differences between traditional and Roth accounts so you can make the best choice for your future.Female Workers Aren’t Saving Enough for Retirement—Here’s How to Change That5. Not Maxing Out an Employer MatchIn addition to offering a 401(k), some employers will also match a percentage of your contributions. For instance, let’s say you make $50,000 a year and your employer offers a three percent match.That means your employer will deposit $1,500 in your 401(k) every year as long as you also contribute that much or more. This employer match means you immediately get a 100 percent return on three percent of your salary.“Make sure to max out the contributions that your employer is willing to match,” said Robison. “Not matching your company’s contribution is like throwing that offered money into the trash.”If your employer offers this benefit, try to take full advantage of it. After all, it’s free money that will go straight into your retirement savings.This article was originally published on Student Loan Hero. It is reprinted with permission. Hot New Jobs For YouView More Jobs
Freelancing is not the same as working for someone else. When you have worked within a system for most of your adult life, you grow accustomed to the processes that work within that system. For example, having a supervisor, having structure, having a built-in accounting system, earning paid time off, receiving merit pay, and enjoying cost of living increases are often outgrowths of working for someone else America. I was being too restrictive and I needed to diversify the types of writing projects and clients that I wanted to work with. The nature of freelancing is such that, for many of us, we can live anywhere and work from anywhere. I was concentrating too much on building up my local clientele. Yes, I am in the Midwest; however, I have a service that is of value for people on the coasts, places in-between, and overseas. I had to rethink how I was marketing my services and to whom I was marketing them to. I was only focusing on two types of freelancing—academic and curriculum writing. It dawned on me that I had also developed pretty acute editing skills (all of those years of grading English papers and teaching grammar in intro to writing courses), so I added editing to my toolbox of services. This created an additional stream of income. I cannot emphasize enough the importance of having diverse income streams—some people even refer to these as profit centers. The value of this is that if one area is not producing enough income, you will still have revenue coming in from another stream of income. And this brings me to the biggest mistake that many second career freelancers make… I am a researcher, so when I started freelancing in my late thirties, one of the first things that I did was research freelancing. Almost everything I read was geared towards much younger freelancers or those who were launching their first careers. There were numerous pieces about getting experience, building a brand, and leveraging social media to build one’s clientele.All of this was valuable and proved to be helpful at various stages during my transition, but I wasn’t receiving what I needed.I didn’t want to freelance just to freelance. I didn’t want to freelance because it was a fun hobby. I didn’t want to freelance just to survive. I wanted to freelance to thrive and to sustain the quality of life that I had grown accustomed to as an academic. I’m allergic to the starving artist mantra.Then reality hit. There were many opportunities, but the pay was very low.One night, I even calculated how many low paying articles I would have to write in a week just to make a fraction of what I was making before. My heart sunk—maybe I was being foolish and this life was not for me, at least not at my age. Clearly, I was doing something wrong. I had the skill set; I had a portfolio full of diverse samples; and I had a vision, but the income was not coming in. Something was missing.I assumed that with my credentials and years of experience, I simply had to let people know that I was now freelancing and they would respond accordingly. Wrong!I am not an essentialist, so I don’t believe that only people of a certain group can speak about/for that group. However, real-world life experiences sprinkled with candor carry far more weight than an intriguing Internet article. So I reached out to a dear friend who had also left academia and launched a successful second career as a creative independent in his early 40s.As I explained my level of frustration and expressed a desire to just quit, he listened attentively. As the conversation unfolded, I realized that I was making several mistakes. When you strip away that system and find yourself in a new space, you have to change your way of thinking. I had to think about writing as art and as commerce. If I wanted to enjoy the benefits of writing as a business, I had to treat it as a business enterprise. This meant that I had to create systems. Why? If you build it, they still may not come and when they do, you need to be ready.All of these mistakes were preventable, but I really didn’t know that at the time. They were valuable, yet costly, exercises that reinforced that what worked in the academic/education space (my first career) would not necessarily work in the world of free enterprise.So, before you launch your second career as a freelancer, take the time to find someone who has a track record of doing what you desire to do. Seek the advice or counsel of other freelancers. Learn from that person’s mistakes and successes. I know one conversation, when I was on the cusp of giving up, was the turning point for me.