Our objective is to make sure you get to maintain the “lifestyle” you want in retirement. On average when you retire you will live for another 20 to 23 years. Living longer will require more income which needs adequate preparation well in advance.
A healthy couple aged 65 in the United States now has a 50% chance that at least one of them will live to age 92, and a 25% chance that one of them will reach 97.
Source: Annuity 2000 Mortality table, Society of Actuaries US.
There’s a lot of spending between 65 and 92, so post retirement investment strategy have increased importance.
In order to maintain your lifestyle post retirement it is crucial to have an adequate pension fund built up at your selected retirement age. One aspect which is crucial to retirement planning is getting proper independent investment advice. This will ensure that for example your attitude to investment risk will always be aligned with your underlying investment fund selection.
You will on average fund for your pension over your working lifetime which is probably on average a 30 year time span. Your pension planning will therefor go through many different stages of your lifestyle and in this context a truly independent financial planner can add value.