Benjamin Franklin once commented that: “Failing to plan is planning to fail.” We think that that is why so many people end up with not enough money and no emotional preparation in retirement. It’s a sort of “perfect storm” if you will.
The people who market financial products are not particularly interested in teaching individuals how to draft their own financial plans. This is considered, by the institutions certainly, as a task for intermediaries hence the name financial planners. Emotional preparation is almost entirely left to the pensioner to learn in the school of “Hard Knocks”.
Having been a corporate planner for a major listed company I can tell you that most of what are called plans in the personal financial sector are less plans than overcomplicated wish lists. Who is taught to plan?
We believe that individuals can be taught to create and manage their own financial plans. Checking progress against targets is the most important part of managing any plan. But in financial services there are no finite targets. Inflation sees to that and it means that special techniques need to be used if progress is to be properly measured.
We have developed the technology to establish goals and measure progress in an inflationary climate. We have verified our technique with a number of actuaries and believe that it is exceptional.
Drafting a retirement plan
Alexander Forbes published an opinion in December 2012 that the defined contribution experiment “wasn’t quite as successful as the stakeholders had hoped”. That means that pension and provident funds of this new type aren’t delivering as much money to members as the old version. That is not surprising as on the new basis contributions are usually quite a bit less. This then means that members need to save more than the standard contributions to these funds if they are to have a decent retirement. People who don’t have employer or union sponsored retirement funds need plenty of guidance in how much to save and how to keep track.
Our coaching service means working with individuals to help them create their own distinctive retirement plans:
This can be done one on one, in a class of ten people or online. We think that one on one or the small class, are the best options initially that participants can get individual attention.
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
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