Retirement Planning
There are two stages in retirement planning :
1) Pre Retirement Accumulation Stage:
Old Scenario |
Current Scenario |
|---|---|
Fixed and higher Interest Rate |
Floating and Lower Interest Rate |
Smaller Life Span |
Longer Life Span and Increasing |
Lesser Medical Facility |
Costly Medical Facilities |
Lesser Impact of International Events |
Greater Impact |
Joint Family System |
Nucleus Family System |
Simple Living |
Rise in Lifestyle Expenses |
Defined Benfit |
Defined Contribution |
With the growing complexity of retirement, more and more people are getting concerned about retirement and its planning. Once you have passed working age, it becomes difficult to mend the expenses. During such times, careful retirement planning is the only thing, which can undoubtedly make your retirement period a golden era. Retirement planning related term is often referred as allocation of financial resources so that its benefits can be fully achieved when you can no longer remain liable to work and earn.
Regardless of your age, it is never too early or too late to begin looking after your money. Visions of retirement vary from person to person and include such things as relaxing full time, travelling, pursuing a hobby and maybe even working part-time.
Retirement planning involves organising your assets and savings into plan that will meet your goals for retirement. Taking into account your needs, time-frame and goals, we identifies and helps you to make informed decisions on a number of personalised strategies that will maximise your wealth for retirement. We can also help you with regards to Self-Managed Funds (SMF), which can give you greater flexibility, investment choice and control over your superannuation.
The planning of retirement is equally considered to be planning for a lifetime. At the time when you are hale and hearty, planning about your retirement is the only thing, which keeps your old age financial woes on side. Regardless of your age, the relevance of retirement turns out to be extremely essential for the remaining golden years of your life.
If you are confused about your retirement and are finding it difficult to think in advance then consult us today. Under the assistance of our finest personals, we promise in solving all of your retirement related worries instantly. We assure you with the best plans, which can in return help you out in understanding about how you can best manage your wealth.
We would certainly help you out in setting more realistic goals towards your desire for wealth management. Isn’t is good to decide about retirement in advance than remaining worried during those time when you can no longer earn?
2) Post Retirement Investment Planning
Post Retirement planning is one of the most important steps you can take to ensure a secure financial future. It can be a challenging and complex process, especially for those who are not familiar with the different options available to them. One such option is the bucket investment strategy, which can be used to create a well-diversified retirement portfolio. The bucket investment strategy involves investing your retirement savings into a series of different accounts, each with a different purpose. This approach allows you to protect your principal, generate income, and guard against market volatility.
After retirement it is essential to set up a post retirement plan that will ensure you have enough to live comfortably and enjoy life. One of the most effective strategies is the bucket investment strategy. This strategy involves dividing your retirement investments into different buckets, each with different risk levels. The first bucket should consist of low-risk investments such as bonds, CDs, and cash reserves. The second bucket should be invested in low- to medium-risk investments such as dividend stocks and mutual funds. The third bucket should contain higher-risk investments such as stocks, international funds, and real estate. By diversifying your investments, you can effectively manage risk and maximize returns.