According to the CSO projections on Population and labour force, there are 637,567 people in retirement in 2016 with 2,006,641 working. The CSO prediction is that by 2046 there will be 1,400,000 in retirement with only 2,100,000 working.
That’s not enough., life expectancy for a male is approximately 81 years in 2016, all predictions indicate that this will increase to 89 years in 2046. That is an extra 8 years of income to fund.
The life expectancy for a female is approximately 81 years in 2016, all predictions indicate that this will increase to 89 years in 2046. That is an extra 8 years of income to fund.
For the first time in history, we have two generations retired at the same time. Many retired boomers will care for their elderly parents.
So, what does all this mean?
Pressure on those things we take for granted – health care, nursing home care, social welfare.
So, what’s the solution?
Work with us to optimise your financial nest egg with effective income and investment strategies. Let us look at how your investments can grow with the proper risk and tax efficiency, yet still provide the income desired income in retirement.
We can help you navigate today’s changing financial landscape. We follow a systemised process to help you pursue what is important to you. Here is how it works:
First, we understand you. We work with you to identify your goals and objectives. We help you prioritise what is most important. Next, we’ll help you get financially organised, where all your information is consolidated into one clear picture of you. You’ll see your bottom line. When you know what you have and what it is worth, you can make informed decisions about what to do with it. To help you make smart choices we use innovative tools to visualise ‘what if’ scenarios about your financial life.
We can evaluate all kinds of potential options for you.
Watch what happens to your retirement nest egg when you spend more. Look at the net effect of something important like downsizing your house, or selling your business. See how different tax and investment strategies impact the bottom line.
We have the expertise to help you visualise the cause and effect of your financial decisions, not just for today but throughout your entire lifetime.
If you do nothing else but review your options with a professional, you have a far better chance to live out your post-retirement life in financial comfort.
Forward thinking is what smart planning is all about.