It is a fact that many people do not pay much attention to retirement
planning during their professional life. That is, until the moment just
before actually retiring, and
then suddenly it becomes a major factor to consider! Unfortunately in
many
cases it turns out that the provisions made are not sufficient and
often it is
too late to start a repair plan.
It is easy to understand
this phenomenon. Pension planning can be complicated, is often regarded
as not very exciting and is associated with being old. Definitely not
something a 28 year old professional has on his mind in pursuit of a
career and a family life.
Retiring with an income of 70% of
the latest professional income level received is regarded as a good
standard for a retirement plan. Truth is, currently most people do not
even reach a 50% retirement income level!
In our view, the
important question is: what are your expected needs when you retire? In
this day and age, people’s life expectancy is higher than ever, and
therefore there is plenty of time to enjoy the good life after
retirement. This could mean that the 70% level will not be sufficient
and you may need 100% or even more...
As part of your Personal Financial Plan, Sky Unlimited will
review your current pension savings plan and determine together with
you, based on your personal view and expectations for the future,
whether a new plan or a repair plan is needed.
Sky Unlimited will ensure that any repair plan or additional savings plan will fit seamlessly in your cash flow plan.
