How
much will you need?
Expenses drop in retirement, don't they? Think again, costs don't
always drop as much as you'd expect and may even rise, after all
you have much more time on your hands. You may decide to travel
more, join a golf club buy a boat. Of course your spending won't
be constant; it may start high but as you start to slow down so
should your expenses. We recommend that you should plan for 100%
of you pre-retirement income.
What returns should you expect in retirement? Your Pryce Warner
International Financial Consultant will help you find the best
funds with regard to your attitude to risk. Proper planning as
early as possible is vital. We know we can help!
Early
Retirement
There are two types of Early Retirement :
Voluntary
Early Retirement where the individual has chosen to
take early retirement perhaps because of Intelligent Long Term
Financial Planning which has allowed them the Freedom of Choice
in this matter.
Forced
Early Retirements where the individual is forced to
accept an Early Retirement Package for perhaps many reasons,
Company Re-Location to another part of the World, Downsizing
of a Corporation, Changes in Trading and/or Economic Conditions
the list is endless... We are seeing reports of this nature
every day in Newspapers and Journals throughout the World.
In
these situations, often but not always, a Financial Package
is made available to the individual concerned this may take
the shape of a Pension Plan which is activated at an earlier
date than previously intended or a Lump Sum Settlement, or a
combination of both.
Anybody
who is forced into Early Retirement without a Pension and/or
a Financial Package will be forced to live on the other components
of their assets.
Those who receive a Lump Sum Payout will need to
ensure that the monies received are Invested Intelligently to provide
Retirement Income.
Get your FREE QROPS-HMRC Approved Pension guide
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