### WordPress - Web publishing software
Copyright 2011-2019 by the contributors
This program is free software; you can redistribute it and/or modify
it under the terms of the GNU General Public License as published by
the Free Software Foundation; either version 2 of the License, or
(at your option) any later version.
This program is distributed in the hope that it will be useful,
but WITHOUT ANY WARRANTY; without even the implied warranty of
MERCHANTABILITY or FITNESS FOR A PARTICULAR PURPOSE. See the
GNU General Public License for more details.
You should have received a copy of the GNU General Public License
along with this program; if not, write to the Free Software
Foundation, Inc., 51 Franklin St, Fifth Floor, Boston, MA 02110-1301 USA
This program incorporates work covered by the following copyright and
permission notices:
b2 is (c) 2001, 2002 Michel Valdrighi - m@tidakada.com -
http://tidakada.com
Wherever third party code has been used, credit has been given in the code's
comments.
b2 is released under the GPL
and
WordPress - Web publishing software
Copyright 2003-2010 by the contributors
WordPress is released under the GPL
---
### GNU GENERAL PUBLIC LICENSE
Version 2, June 1991
Copyright (C) 1989, 1991 Free Software Foundation, Inc.
51 Franklin Street, Fifth Floor, Boston, MA 02110-1301, USA
Everyone is permitted to copy and distribute verbatim copies
of this license document, but changing it is not allowed.
### Preamble
The licenses for most software are designed to take away your freedom
to share and change it. By contrast, the GNU General Public License is
intended to guarantee your freedom to share and change free
software--to make sure the software is free for all its users. This
General Public License applies to most of the Free Software
Foundation's software and to any other program whose authors commit to
using it. (Some other Free Software Foundation software is covered by
the GNU Lesser General Public License instead.) You can apply it to
your programs, too.
When we speak of free software, we are referring to freedom, not
price. Our General Public Licenses are designed to make sure that you
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this service if you wish), that you receive source code or can get it
if you want it, that you can change the software or use pieces of it
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To protect your rights, we need to make restrictions that forbid
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We protect your rights with two steps: (1) copyright the software, and
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### TERMS AND CONDITIONS FOR COPYING, DISTRIBUTION AND MODIFICATION
**0.** This License applies to any program or other work which
contains a notice placed by the copyright holder saying it may be
distributed under the terms of this General Public License. The
"Program", below, refers to any such program or work, and a "work
based on the Program" means either the Program or any derivative work
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translated into another language. (Hereinafter, translation is
included without limitation in the term "modification".) Each licensee
is addressed as "you".
Activities other than copying, distribution and modification are not
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is covered only if its contents constitute a work based on the Program
(independent of having been made by running the Program). Whether that
is true depends on what the Program does.
**1.** You may copy and distribute verbatim copies of the Program's
source code as you receive it, in any medium, provided that you
conspicuously and appropriately publish on each copy an appropriate
copyright notice and disclaimer of warranty; keep intact all the
notices that refer to this License and to the absence of any warranty;
and give any other recipients of the Program a copy of this License
along with the Program.
You may charge a fee for the physical act of transferring a copy, and
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when run, you must cause it, when started running for such interactive
use in the most ordinary way, to print or display an announcement
including an appropriate copyright notice and a notice that there is
no warranty (or else, saying that you provide a warranty) and that
users may redistribute the program under these conditions, and telling
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Program itself is interactive but does not normally print such an
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an announcement.)
These requirements apply to the modified work as a whole. If
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Thus, it is not the intent of this section to claim rights or contest
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In addition, mere aggregation of another work not based on the Program
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**NO WARRANTY**
**11.** BECAUSE THE PROGRAM IS LICENSED FREE OF CHARGE, THERE IS NO
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WRITING WILL ANY COPYRIGHT HOLDER, OR ANY OTHER PARTY WHO MAY MODIFY
AND/OR REDISTRIBUTE THE PROGRAM AS PERMITTED ABOVE, BE LIABLE TO YOU
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PROGRAM (INCLUDING BUT NOT LIMITED TO LOSS OF DATA OR DATA BEING
RENDERED INACCURATE OR LOSSES SUSTAINED BY YOU OR THIRD PARTIES OR A
FAILURE OF THE PROGRAM TO OPERATE WITH ANY OTHER PROGRAMS), EVEN IF
SUCH HOLDER OR OTHER PARTY HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH
DAMAGES.
### END OF TERMS AND CONDITIONS
### How to Apply These Terms to Your New Programs
If you develop a new program, and you want it to be of the greatest
possible use to the public, the best way to achieve this is to make it
free software which everyone can redistribute and change under these
terms.
To do so, attach the following notices to the program. It is safest to
attach them to the start of each source file to most effectively
convey the exclusion of warranty; and each file should have at least
the "copyright" line and a pointer to where the full notice is found.
one line to give the program's name and an idea of what it does.
Copyright (C) yyyy name of author
This program is free software; you can redistribute it and/or
modify it under the terms of the GNU General Public License
as published by the Free Software Foundation; either version 2
of the License, or (at your option) any later version.
This program is distributed in the hope that it will be useful,
but WITHOUT ANY WARRANTY; without even the implied warranty of
MERCHANTABILITY or FITNESS FOR A PARTICULAR PURPOSE. See the
GNU General Public License for more details.
You should have received a copy of the GNU General Public License
along with this program; if not, write to the Free Software
Foundation, Inc., 51 Franklin Street, Fifth Floor, Boston, MA 02110-1301, USA.
Also add information on how to contact you by electronic and paper
mail.
If the program is interactive, make it output a short notice like this
when it starts in an interactive mode:
Gnomovision version 69, Copyright (C) year name of author
Gnomovision comes with ABSOLUTELY NO WARRANTY; for details
type `show w'. This is free software, and you are welcome
to redistribute it under certain conditions; type `show c'
for details.
The hypothetical commands \`show w' and \`show c' should show the
appropriate parts of the General Public License. Of course, the
commands you use may be called something other than \`show w' and
\`show c'; they could even be mouse-clicks or menu items--whatever
suits your program.
You should also get your employer (if you work as a programmer) or
your school, if any, to sign a "copyright disclaimer" for the program,
if necessary. Here is a sample; alter the names:
Yoyodyne, Inc., hereby disclaims all copyright
interest in the program `Gnomovision'
(which makes passes at compilers) written
by James Hacker.
signature of Ty Coon, 1 April 1989
Ty Coon, President of Vice
This General Public License does not permit incorporating your program
into proprietary programs. If your program is a subroutine library,
you may consider it more useful to permit linking proprietary
applications with the library. If this is what you want to do, use the
[GNU Lesser General Public
License](http://www.gnu.org/licenses/lgpl.html) instead of this
License.
Young Americans Remain Optimistic On Retirement, Try To Avoid Fate Of Older Generations - sinth.info
Falling behind on retirement savings is the top financial regret for Americans, especially among older individuals, according to a September Bankrate survey. Still, young Americans remain largely optimistic that they’re on track with retirement goals, despite many saying they’d need more than $1 million to do so comfortably. But with 29 percent of Gen Z workers not saving anything for retirement this year or last, they may not have reason to be quite so hopeful if they’re not making smart financial moves today.
Are young Americans simply being way too optimistic, or can they avoid the regrets of older groups such as Gen X, where 69 percent say they’re behind on saving for retirement? By taking steps to regularly contribute toward their retirement accounts now, young Americans can vastly improve their financial security later in life and have the best chance to hit their financial goals.
Young Americans’ retirement goals vs. where things stand today
The good news is that many young Americans say they’re broadly on track with their retirement savings. However, some signs suggest that they’re not saving enough to meet their goals.
Some 45 percent of Gen Z and millennial workers feel at least like they’re on the right track with retirement savings, compared to 26 percent of Gen X and 34 percent of boomers, according to the Bankrate survey on retirement. In fact, 23 percent of Gen Z workers and 21 percent of millennial workers say they’re ahead of where they need to be – a positive sign for starters.
However, Gen Z workers (ages 18-26) have lofty expectations for what they’ll need in retirement, too. With 35 percent saying they’d need more than $1 million to retire comfortably – the highest percentage of any age cohort – they have plenty of saving to do to reach their goals. Following Gen Z in the percentage who felt they needed at least $1 million were 34 percent of millennials (ages 27-42), 31 percent of Gen X (ages 43-58) and 26 percent of baby boomers (ages 59-77).
But a majority of younger workers say they know what they’re aiming for and think they’ll get there. Some 58 percent of Gen Z workers and 62 percent of millennial workers who know how much they’d need to retire comfortably believe that they will be able to reach it. The numbers for older Americans: 40 percent of Gen X and 44 percent of boomers.
Despite this optimism, Gen Z workers form the biggest cohort of non-savers. Some 29 percent did not contribute to their retirement savings this year or last. Millennials came in at 19 percent, Gen X at 21 percent and boomers at 26 percent.
The lack of retirement savings contributes to feelings of insecurity among Americans, with 41 percent of those who don’t feel financially secure citing insufficient savings as a cause. Not surprisingly, the lack of savings also negatively affects well-being, with more than half of Americans saying money worries have hit their mental health, according to a recent Bankrate survey.
5 key steps that young retirement savers can take today
If young Americans want to maintain that optimistic outlook – and avoid the serious negatives of being unprepared for retirement – they have a number of steps that can help accelerate their savings. Here are five things that Americans can do today to put their finances on firmer footing.
1. Start now
It may sound cliché, but it remains undeniably true: Time is your biggest ally when it comes to saving for retirement. Don’t waste your most precious resource by delaying another day on getting your financial future in order. Every year you wait has the potential to put you further behind your savings goal.
The costs of waiting are utterly immense. In round terms, if you have 40 years to compound, you need to set aside just half as much (from paychecks, for example) as if you have 30 years to grow your wealth. That’s the difference between starting retirement savings at age 25 or 35.
But let’s put it in real dollar terms: For a person who starts investing $5,000 annually at age 25 and earns an annualized 8 percent return over a 40-year period, those contributions would turn into $1.295 million at age 65. For the worker who waits just 10 years, until they turn 35, the same contributions lead to just $566,000 or so – a difference of more than $728,000. That’s the cost of waiting a decade!
Bankrate’s retirement calculator can help you figure how fast you can amass your wealth.
2. Understand which retirement accounts are available to you
Whether your employer offers a retirement plan or not, every income-earning American has access to a tax-advantaged retirement plan, allowing you to defer taxes or eliminate them entirely.
Employers typically offer a retirement plan such as a 401(k), which allows you to defer money from your paycheck into your retirement account. You’ll usually be able to invest in high-return investments such as mutual funds, and your earnings will be tax-deferred in a traditional 401(k) or withdrawn tax-free in retirement with a Roth 401(k). That means you won’t be taxed on any returns as they accumulate.
Another great part about these employer-sponsored accounts is the potential for an employer match when you save. For instance, your employer may contribute a certain percentage of your annual salary if you contribute, making it easy to ramp up your savings.
For those with or without an employer plan, an IRA provides a tax-advantaged account for anyone with earned income (and even their spouses). You can open a tax-deferred traditional IRA or a Roth IRA – the experts’ top pick – and invest in high-return assets such as mutual funds.
Each plan has a variety of rules and limitations, so be sure to understand them thoroughly.
3. Optimize those retirement accounts
After you’ve set up your retirement accounts, it’s time to maximize them to get the best benefits.
The biggest and best benefit is the employer match, which can get you free money and an automatic return just for doing something that’s great for your long-term financial health. Experts routinely advise workers to capture every bit of that free money each year.
Many employer retirement plans allow you to step up your contribution automatically each year so that more comes out of your paycheck. That’s an easy way to set your savings on autopilot.
And it’s almost as important to understand that you can contribute to both an employer plan and an IRA, meaning you can really rack up the retirement savings.
4. Make sure your account isn’t too conservative or aggressive
You’ll also want to be sure that your investments are geared to when you might need them for retirement income.
Financial advisors routinely advise those with long time horizons – think a decade or more – to maintain fairly aggressive portfolios, sometimes even all-stock portfolios. As you approach retirement, however, you’ll need more security, and so it’s important to dial back the risk.
5. Find an investment plan that works and then stay the course
Maybe the hardest part of investing for the future is to find a plan that works for you and then stick to it through thick and thin.
If you’re contributing to your retirement accounts regularly and are looking to retire in a decade or more, you don’t need to constantly check your portfolio and you don’t need to try to dodge the market’s down times. Study after study shows that passive investing beats active investing over time. In fact, if you try to trade on a short-term basis, you’ll likely underperform massively.
So, find a long-term investment strategy that works – such as stock index funds – and then stick to it. You’ll be tempted to stop investing when the market gets rough, but that’s likely to be the time when you’re going to find the best bargains. If you take a long-term mentality, you can begin to see downturns in the market as potential opportunities rather than risks.
Bottom line
Many young Americans say they’re optimistic now about their financial future, but if they fail to take concrete steps to make it secure, they may wind up like the majority of Americans who feel behind on their retirement savings. The best path forward for young Americans is to use their biggest ally – time – and let the magic of compounding build them wealth over many years.
Editorial Disclaimer: All investors are advised to conduct their own independent research into investment strategies before making an investment decision. In addition, investors are advised that past investment product performance is no guarantee of future price appreciation.