How to make sure the world-wide pension
crisis does not affect you!
Millions Facing Pensions Misery
Ultimately the only person you can rely on to support you financially in retirement
is YOU!
The time remaining until you finish working, together with the amount you are saving
now may well be the only factors that decide when and with what quality of life
you will retire.
Assuming you were 60 today, and you had saved 1,000,000 GBP (1.82m USD) towards
your retirement, did you know this would only give you a guaranteed income of around
3400 GBP (6100 USD) per month (based on current UK annuity rates). In addition to
this, when you die, the annuity dies with you, leaving little or nothing for your
surviving relatives. (Information taken from the British Financial Services Authority
and are as an example only, as rates vary significantly by country).
The Solution
Every person should re-evaluate and re-assess the provisions they have in place
and decide what quality of life they want to look forward to in retirement. Don’t
put off starting a pension or increasing the amount you save. Due to the way compound
interest works, the more you pay in now, the less it will cost you. As a rule of
thumb the bare minimum you should be saving would be half your age as a percentage
of your income. So at 34, that would mean at least 17% of your income should be
saved toward your retirement. Please take 10 minutes to read through some of the
articles below. Every month that goes by means there is one less pay-day until your
retirement!
As an expatriate or international investor, offshore investment solutions mean that
you have the financial freedom to build a pension pot that remains free of constraints.
Unlike in the UK, offshore your money can be saved, accessed, and spent as and when
you decide. You are not forced to buy an annuity or limited to the amount you can
access; nor when you can have such access, and tax free growth increases the effect
of compound returns. Make sure you are taking full advantage of the opportunities
available to you. A useful on-line Pension Calculator can be found below for British
expatriates; however we suggest that you contact a deVere professional advisor using
the button below to review your financial goals.
Please take the time to read the full article
 In-depth,
straight-forward and comprehensive article.
Read the Full Article
Then contact us for a free review of your current financial goals and find out if
you are on target to achieve them. The article explores misconceptions including:
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• But I can rely on state benefits
• I have a company scheme so I will be OK
• My Children will look after me financially
• I wont need much money in retirement
• I don’t mind working a year or two longer
It is essential that everyone understands the potentially vicarious position we
all face if and when we finish working.
A deVere & Partners advisor will be happy to complete a full financial analysis
of your personal financial situation, discuss your retirement provisions & goals
including how much you are currently on target to save, company scheme provisions,
frozen pensions, and help you decide how much you will need for the retirement lifestyle
that you would like to achieve – Simply use the button below to contact one of our
Senior Advisors.
Free Financial Review
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