Did you know that Alexander Forbes has published a statement that the defined contribution experiment “wasn’t quite as successful as the stakeholders had hoped.” The practical effect for them is that the 200 000 members of their umbrella pension funds will retire with an average pension worth 21% of their salary at that time! Why are fund members doing so badly? Where are the customer’s yachts?
The key objective of drafting a retirement plan is to determine a set of objective and understandable goals by which you can measure your progress to a successful retirement. Your retirement plan will stop the “don’t worry everything is just fine” nonsense from advisors, which has lulled countless people into a false sense of security about their retirement provision.
Your personal information is loaded on the Planning Retirement model to determine your current status and plot a set of objective goals. Every 6 months to a year you should update the plan in order to monitor how you are progressing. Planning Retirement will give you assistance with the objective of empowering you to manage your own retirement plan.
If progress is behind target you know have an objective tool with which to approach your advisor. Remedial action can be taken immediately and then evaluated for success or failure.
It's never too soon to plan for your retirement. Don't be one of the 90% who won't have financial freedom when they retire. Take action today and contact us
If you answer No to any of these questions then contact us to help you draft an objective retirement plan.
PO Box 652
011 465 7940
WILL YOU STILL NEED ME, WILL YOU STILL FEED ME, WHEN I’M 64? ~ Beatles – Sgt Pepper Album Read More..
Ducks in a row Read More..
How much can you invest in retirement funds by way of tax-deductible contributions? Read More..