We all would like to retire with enough financial resources to at least maintain our living standards after we are done with work. Unfortunately, most people start planning for retirement five to 10 years before the end of their active life.
As a prudent planner, your goal should be to build up financial capital from very early and over the years to an amount that exceeds your anticipated retirement needs.
Many employers contribute to their employees’ retirement accounts when the employees choose to contribute towards their retirement, by supporting this you are quite literally saying “Yes!” to better employee livelihood in old age. No one wants a “broke” future so give them that boost.
So, let’s take charge of our future financial security today!
We have helped 100’s clients. helps you optimize your decision-making process whether you’re just starting out or you would like to evaluate more retirement scheme options.
So, Just tell us a little more about yourself and your retirement plans to help us guide you better.
Retirement may feel a long way off, but there are 1001 reasons why retirement planning is particularly important for a young team.
Hey, this is easy! We all would appreciate retiring with peace of mind, knowing we can sustain
our living standards after we are done with work. Right!
At retirement, you are weak and worn out, and you only have as much wealth as you accumulated in your active days, this includes your retirement income.
Therefore, as a prudent planner your goal should be to build up financial capital over the years to
an amount that exceeds your anticipated retirement needs.
Human capital: Which is the present value of your total expected future earnings or simply, the returnyou earn for investing your time and skills in a job or business.
Financial capital: This is your total wealth, that is combined tangible and intangible resources you own that are not human capital, for instance your home, stocks, and fixed deposits etc.
So at retirement, you only have financial capital, and no or little human capital. Therefore, your main goal should be to have built up enough financial capital over the years to match or exceed your financial needs at retirement.
“Building wealth takes time. The sooner you start investing, the better prepared you will be later.” Anonymous
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