For the majority of us our goal is early retirement, yet how many of us actually make a conscious effort to consider pension planning. People are living longer.
Most people recognize the fact that they must ensure that there is sufficient capital to fund retirement, yet amazingly people still delay retirement planning. This is largely due to the fact that many are under the illusion they have plenty of time to do something about it.
At AviSure, our expertise in providing financial security for your retirement allows us to strategically plan and tailor a long, medium or short-term retirement plan that meets your exact needs.
We take into account the fact that retirement plans, by their very nature, are often be low-risk and dependable in order for them to provide future financial security.
To this end, we carefully ensure the exposure of these plans limits potential downside risk and we concentrate on building a firm base from which financial stability steadily grows as you approach that retirement goal.
Consider this: a man aged 40 now, who wants to retire at 60, will discover that his life expectancy at 60 will be another 25 years. That means that today he has fewer working years than retirement years to look forward to. He only has 20 working years left, during which he must save enough to look after himself during 25 years of retirement.
Right now, you spend your time doing one of the following activities - you are either sleeping, working or at leisure. Now, during which of those three activities do you spend most of your money?
In your leisure time of course! When you retire you increase your leisure time by at least 8 hours a day. It has been said that families often spend weeks deliberating where to go on their annual holiday but spend only minutes considering what they will do for their retirement.
Here at Avi-Retirement our experience tells us that your retirement is likely to be the longest holiday of your life - all outgoings and nothing coming in.
As an example, for people to realise just how quickly retirement can creep up on them without having made solid plans for their future security and income, imagine you are 50 years old and wish to retire at 60. This leaves only 120 pay days until your retirement - only one hundred and twenty opportunities to save.