Episode 5: What Will Happen When You're Gone?
In early April, we held a pre-retirement webinar that touched on five main questions to answer as you prepare to move into retirement. We're in the fifth and final week of our series. If you missed the four other episodes, we encourage you to go back and watch them here. In this episode, we address the question, "What Will Happen When You're Gone?" We hope you can find value in this video.
Microsoft Launches Digital Job Training Initiative
On Tuesday, Microsoft announced the initiative to train 25 million people around the world for digital jobs. The participants will receive free access to Microsoft, LinkedIn, and GitHub learning programs. In addition, those in training will receive $15 certifications and tools to find open positions. The program will focus on occupations poised for growth, including IT support, digital marketing, and graphic design. Over the next five years, Microsoft estimates that the global workforce can absorb around 149 million new technology-oriented jobs. See the chart below for more information on the potential jobs that will be available.
Main Street vs Wall Street
Over the last 3 months, our economy has taken a hit due to the Coronavirus outbreak. Millions of Americans are unemployed and businesses all around the country are in danger of shutting their doors. Even so, the stock market has recently rebounded from its lows. Watch the video below where Barry and Steve discuss the difference between what has been happening on Main Street and Wall Street.
Lululemon Purchases Mirror:
On Monday, athletic apparel brand, Lululemon, announced it’s first-ever acquisition: fitness startup Mirror. The deal is worth $500 million, according to CNBC. Mirror is a competitor to other at-home workout equipment makers, including Peloton. The product retails for $1,495 and requires a $39/month subscription to stream the classes. For Lululemon, the acquisition offers an opportunity to diversify, as well as create an alternative revenue stream. Lululemon CEO, Calvin McDonald, said on Monday that, “It’s not an acquisition simply to sell more apparel, but we think that will be a byproduct.”
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