Do you know what your retirement income will be?
We have no idea what our retirement savings would be worth in the future. Nobody can predict the future as markets are volatile and influenced by global politics and occurrences, however, your financial advisor can project what your accumulated savings and investments could possibly be worth based on current performance history.
This could be over 20,30 or even 40 years depending on your retirement age. Remember we are living longer and need more capital to fund our longer retirement.
It is ideal to get these projections every few years as part of your review. These projections are by no means 100% accurate, but, serve as a guideline of where you currently are in your retirement planning, and is a good indicator of how to adjust contributions or investments to achieve your retirement goals.
Knowing these predictions can give you a reality check (as you don’t just see a lump sum which you might think is sufficient), but an actual monthly income. Chat to your advisor today to include this in your review. It might give you a better understanding or perspective of your retirement savings.
Please note, the above is for education purposes only and does not constitute advice. You should always contact your deVere advisor for a personal consultation.
* No liability can be accepted for any actions taken or refrained from being taken, as a result of reading the above.
Plan your retirement according to the lifestyle you want
Everyone’s idea of retirement is different. Some want a simple relaxing life, others want to enjoy life and travel the world, and yet others want to take part in expensive hobbies and enjoy the luxuries of life like upgrading their homes.
posted on 06.10.2021
Plan your retirement according to the lifestyle you want
Everyone’s idea of retirement is different. Some want a simple relaxing life, others want to enjoy life and travel the world, and yet others want to take part in expensive hobbies and enjoy the luxuries of life like upgrading their homes.
posted on 06.10.2021
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