We utilise a wide range of retirement planning solutions whatever stage of planning clients are in. There are many ways of creating retirement plans to ensure the right assets are in the right place at the right time to ensure that as and when clients decide to back off their main earning activities that their income requirements are appropriately catered for.
- You will retire sooner or later and spend an average of 20 years in retirement as people are living longer.
- Annuity rates have reduced considerably with lower interest rates.
- Government and state benefits are falling with aging populations and expatriates may not even be entitled to these reduced entitlements anyway.
- Employers are moving away from high cost final salary schemes meaning company pension schemes are becoming less reliable.
Everyone knows they need to save more for their retirement and increasingly we all must take responsibility for our own retirement planning. Simply put, if you do not accumulate enough you risk outliving your savings, and if you are short of meeting your retirement fund target, the longer you leave it, the more expensive it will become to catch up.
Sovereign International Group’s partners can assess and review your current position in order to ascertain any shortfall. Where relevant we can assist by advising clients on any complementary solutions to work with their existing arrangements to safeguard their future financial independence.