Listening---Planning for Retirement 1
Walter wants to retire within the next few years.
He's been working at the same company for over 15 years as an accountant.
During that time he's been saving his money and paying off his debts.
PS: 在那段时间里，他一直在存钱还债。
saving节省物; 节省; 节约; 储蓄金; 存款; 节约的; 节省…的; 救; 救助; 挽救; 拯救; 储蓄; 攒钱; 收集; 收藏; save的现在分词
his他的; 上帝的; 属于上帝的; 属于他的
paying off 偿清，还清（债务）;还清欠…的钱;用钱打发;成功;赢利
debts借款; 欠款; 债务; 负债情况; 人情债; 情义; 恩情; debt的复数
However, even with savings and investments, he isn't sure that he'll have enough money for retirement.
If he doesn't, he'll have to keep on working, which depends on the company.
For now, the company is ok, but it's no longer growing as fast as it used to.
Exercise：
He would like to retire within the next few years, but he won't be able to unless he has enough money.
Whether or not he can keep on working will also depend on his health.
Fortunately he is in good health, but he knows that that could change at any time.
If he fell down or had a stroke, it could force him to stop working.
ps: 如果他摔倒或中风，可能会迫使他停止工作。
If that happened, he would have to rely on his savings and other assets to survive.
Sooner or later, he knows his health will decline and he'll have to stop working.
So he needs to prepare.
Repeat & Read Sentences:
Walter wants to retire within the next few years.
He's been working at the same company for over 15 years as an accountant.
For now, the company is ok, but it's no longer growing as fast as it used to.
If he fell down or had a stroke, it could force him to stop working.
Most of his wealth is in the form of company stock and the value of his home.
If that happened, he would have to rely on his savings and other assets to survive.
Whether or not he can keep on working will also depend on his health.
Most of his wealth is in the form of company stock and the value of his home.
ps: 他的大部分财富是以公司股票和房屋价值的形式存在的。
wealth钱财; 财产; 财物; 财富; 富有; 富裕; 富足; 大量; 丰富; 众多; 充裕
in the form of用…的形式
company公司; 商号; 商行; 剧团; 演出团; 陪伴; 做伴
stock现货，存货，库存; 储备物; 备用物; 供应物; 股本; 资本; 存货; 贮备，贮存; 老一套的; 陈腐的; 常备的，通常有的
value价值; 值，划算程度; 用途; 积极作用; 重视; 珍视; 给…估价; 给…定价
Both of these are at risk.
The company's stock may go down and the value of his home may also fall.
The company he works for is a pharmaceutical company.
ps: 他供职的公司是一家制药公司。
pharmaceutical英 [ˌfɑːməˈsuːtɪkl] 美 [ˌfɑːrməˈsuːtɪkl] adj.制药的;配药的;卖药的n.药物
It develops new drugs, which is a risky business and sell them worldwide.
ps: worldwide英 [ˌwɜːldˈwaɪd] 美 [ˌwɜːrldˈwaɪd] adj.影响全世界的;世界各地的adv.遍及全球地
It's expensive to develop new drugs. And it can take a very long time to get a new drug approved.
Without government approval, it can't be sold, which can result in a huge loss.
Exercise：
1.What can result in the huge loss for the company?
If a new drug isn't approved，it can't be sold, which results in a loss.
2.Why is government approval important for the company？
Without government approval, it can't be sold.
3.What kind of company is the company that he works for?
It is a pharmaceutical company.
Another threat to the company comes from foreign competition, which is getting stronger.
The company has also started to move some of its research and production facilities overseas.
ps: 该公司还开始将部分研发和生产设施转移到海外
production生产; 制造; 制作; 产量; 产生，分泌
facilities设施; 设备; 特别装置; 特色; 场所; facility的复数
overseas外国的; 海外的; 在国外; 在海外
Salary levels are lower there and the quality of foreign workers is getting better.
As a result, the company has reduced its local hiring and is no longer giving large bonuses.
ps: 因此，该公司减少了在当地的招聘，不再发放高额奖金。
reduced减少，缩小; 蒸发; 减轻体重; 节食; reduce的过去分词和过去式
local地方的; 当地的; 本地的; 局部的; 当地人; 本地人; 住处附近的酒吧; 地方分会
hiring租用; 租借; 聘用; 录用; 雇用; 临时雇用; hire的现在分词
no longer不再
bonuses奖金; 红利; 意外收获; bonus的复数
Exercise：
1.What is the growing threat to the company ?
Foreign competition is getting stronger.
2.Why has the company reduced its local hiring?
Salary levels are lower overseas.
One thing he is considering is to sell his shares in the company.
He could begin to sell a little at a time and reinvest the money somewhere else.
ps: 他可以开始一次卖掉一点，然后把钱再投资到别的地方。
reinvest再投资; 把用于再投资
But where would we invest?
He doesn't know much about investing And several of his friends have lost a lot by making bad investments.
Investing in real estate or the stock market could be very risky.
Repeat & Read Sentences:
1.The company's stock may go down and the value of his home may also fall.
2.Investing in real estate or the stock market could be very risky.
3.It has reduced its local hiring because salary levels are lower overseas.
4.Salary levels are lower there and the quality of foreign workers is getting better.