Contemplating what we want to do in our retirement, and how much it will cost, is an obligation many of us fail to address in good time. One of the key areas that Claremont advise our clients is on retirement planning.
One of the major goals, through your working life, is to establish sufficient wealth so that when the time comes, to fully put the tools down, you have the resources to provide an income for later life. As generations change we are working longer but more importantly, living a lot longer. This ‘evolution’ places far more importance on planning for retirement.
Retirement planning includes identifying sources of income, estimating expenses, implementing a savings program and managing assets. The process simply consists of determining retirement income goals, and the actions and decisions necessary to achieve those goals.
As an independent company, Claremont can evaluate a range of retirement products from an international range of institutions. This process will ensure the best possible advice is provided.
If you have already established a retirement plan, when was the last time it was reviewed? A review of any current structure will prove invaluable in assessing whether the existing policies are on target and still hold maximum benefits. As you move around the world, keeping up to date with tax liabilities and potential benefits is crucial to ensure you are in the best position.