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America, the land of opportunity. The most powerful and prosperous nation in world history….is in one of the most perilous places in its history. As millions of baby boomers ready themselves for retirement, most are doing not nearly enough! To make matters worse, rising healthcare costs, overextended long-term-care capaci

According to USFDA, a combination product is one composed of any combination of a drug and device; biological product and device; drug and biological product

ty, under-funded retirements and the looming Social Security crises could all converge at the most inopportune time and create a Perfect Storm. Whether you are already retired or planning to, be sure to head this wake up call before it’s too late.

Every year, more and more Americans move toward retirement with insufficie

; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.

Examples of combination products may in

nt savings, and with this the country is moving into dangerous territory. The American Institute of Financial Gerontology notes that although the average American life span is 77.2 years, a person who reaches the age of 65 can expect to live to age 83, while 26% of all 65-year-olds today will live past the age of 90. By t

lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.

he year 2030, the percentage of persons in the U.S. age 65 or older will reach 20%. Considering that people over age 65 spend four times as much on healthcare as their younger peers, according to AARP research, and that end-of-life care, can eat up 50% or more of an individual's lifetime healthcare funds, every American h

here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe

ad better recalculates their retirement planning strategy, regardless of whether you are already retired or planning too.

Will you have enough to retire?

The problem is that people fail to make a provision even remotely adequate for maintaining their pre-retirement lifestyle. Studies found that U.S. savings rates (estim

d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.

Combination pro

ated to be around 1.1% of net income) are somewhere between 25% and 38% of the amount required to meet overall retirement needs; that Social Security will make up 80% of retirement income for the least wealthy 20% of retirees; that approximately 48% of all households are on track to accumulate adequate retirement wealth (

ucts have become life saving products for the pharmaceutical companies who doesn’t have many innovative molecules in their product pipeline and have been inc

meaning, of course, that the rest are not); and that at current mortality rates, the average under-funded household faces 19 years of unfunded living expenses. The answer is clear; it’s time to build up that nest egg that we always thought would just appear on its own. Studies suggest that people age 50 and over immediate

easingly used in the product life cycle management. Even the companies having product patents are trying to extend their product life cycle through the combi

ly begin to set aside 13% to 23% of their current gross income.

In the past, there were three sources of income for a retiree: (1) a defined benefit pension plan; (2) Social Security; and (3) personal savings. In retirement, two of these--the largest two--took the form of monthly checks. Workers defined their retirement

nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically

assets in terms of the monthly income they expected to receive from Social Security and a company pension, whose total could be quickly and easily translated into a fairly clear picture of their expected lifestyle.

Over the past 20 years, defined contribution arrangements have increasingly replaced the defined benefit le

and physically. They need to rightly judge the benefits of the combination products and they have to even look at the risks involved when combining the produ

g of the stool. Instead of counting on professionals to manage their asset pool (as was the case with a defined benefit plan), workers are expected to make their own long-term investment decisions. More important, workers are expected to do on their own what pension actuaries once did with sophisticated computer models: F

ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi

igure out how the lump sum of their savings nest egg can be translated into an income stream at retirement, and manage it in the proper investment vehicles so that the income stream doesn't dry up over unpredictable cycles of market returns.

Managing your own money is a daunting task. The overwhelming number of choices,

ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.

Following aspects would a

accompanied with the fear of making a mistake is paralyzing, and often leads to the wrong portfolio, many times holding assets that were bought for the last bull market and not the next one. This is particularly true with retirees, as many investors still have a portfolio of “yesterdays” investments and not one for tomorr

dd to the challenges in developing combination products:

Which markets to tap where the combination products can do fairly well?
Which combination prod

ow. Obtaining the highest returns with the least risk possible is critical.

Be the expert…or hire one!

Personal finance and making a retirement plan is serious business. You need to get the fundamentals down pat, spend a lifetime updating yourself on the rules and laws, and learn the ins and outs of calculations for ret

cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin

irement in particular. For instance, did you know that Each year a person postpones retirement reduces his or her need for retirement savings by about 5%, while increasing Social Security benefits by 7%. Unfortunately, hardly any pre-retiree takes the trouble to figure out that he or she will almost certainly need to plan

tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen

to live a good 20 to 30 years after retirement. In that time, the price level will almost certainly rise dramatically, even at present low levels of inflation. How do you deal with that when most of us can barely afford to have enough to retire on for the first few years after the gold watch?

In addition, there is the i

t?

As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel

nvestment management to consider. You can't just read "The Wall Street Journal" for a few months and expect to get it. This is serious business, and small mistakes today, whether with too aggressive or too conservative a portfolio, can create enormous problems tomorrow.

For some reason people always think they can take s

ping new procedures for reviewing their safety, efficacy and quality.

Professional from academic institutions, pharmaceutical industries, health care indust

hort cuts with their retirement planning. The majority of people actually spend more time researching to buy a refrigerator than they do planning for their retirement! The biggest mistake one can make is to fail to educate themselves or hire a finance specialist to take care of them. Men and women, but especially men, hat

y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products

e to ask for directions. This is a clich? about driving, and I don't know if it's true or not, but it most assuredly is with personal finance.

It’s the distribution and succession, not just accumulation

For those who do prepare properly, careful consideration must be paid to not only saving and investing the money, but

.

As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de

on the proper mechanics on how the assets need to be held in order to maximize your income distribution through your retirement. It does no good to spend your life saving and investing wisely only to give it all back to Uncle Sam! After all, it’s what you and your loved ones keep, that counts.

Keith Springer is Registere

elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.

Companies that provide selfless information through particip

d Investment Advisor and President of Capital Financial Advisory Services, providing Wealth Management and Mortgage Consulting Services. For more information on how to build and maintain a solid retirement plan, please contact Keith Springer at 916-925-8900 http://capfas.com/

tion in industry events and feedback to regulatory authorities would be able to face the challenges and will be successful in developing combination products

Magnetic advertising, by whichever means, is a great way to stay one step ahead of your competition. Do not waste time and money on leaflets or flyers because we all know where they end up!! Do not risk your company advertising being put in the bin when it could be on display all day everyday in someones kitchen or office.

The effects of fear when a company's performance declines and the cascade effect it can have.

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