What Is The Average Salary In America For A 25-Year-Old Retirement Planning the Offshore Way

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Retirement Planning the Offshore Way

Retirement Planning the Foreign Way Why do so many of us constantly push the thought of retirement planning to the back of our minds? Reluctance…! 1 Reluctance to save for an event that seems so far away 2 Reluctance to commit to an inflexible pension plan 3 Reluctance to put much of our current income out of reach for the long term But when it comes to retirement planning, putting off until tomorrow what you could do today will end up costing you dearly dear Every month you delay your retirement savings planning, you significantly reduce the value of your future potential retirement fund.

In other words, every month you delay your retirement savings planning, you significantly increase the amount you’ll need to invest to reach the same level of retirement income than if you started today. If a 25-year-old and a 35-year-old started saving for retirement at 55 and the 25-year-old invested £300 a month towards retirement, the 35-year-old would have to increase his contributions to £803 a month to achieve the same. potential returns. At the state retirement age of 65 the average man will have about 19 more years to live and the average woman, 22 years. You will have to support yourself without a job and, most likely, without government income.

This means you will spend 25% to 30% of your life in retirement. You will need large sums of money to support you in retirement in the way you have become accustomed to throughout your life so far. Recent figures show that individuals between the ages of 25 and 44 are saving 1/3 of the amount they should be saving to support their current lifestyle in retirement. In most countries you are forced to make your own pension provision if you want to have any chance of a comfortable retirement. The value of the government pension you could once count on is falling every year.

Ready to Start Planning? If you’re an expat, you’re in a more privileged position than most – chances are you enjoy a higher salary and fringe benefits as a result of working away from home. In addition, expats have greater freedom when it comes to investment decisions: they are not necessarily constrained by the same regulations that domestic investors experience. Decisions Needed To Be Made The most sensible solution would seem to be to find a safe harbor to anchor your retirement investments so that you can move from country to country as needed without this having any negative impact on your assets. However, if you decide to do this, you need to decide exactly where that safe harbor should be.

Offshore financial centers present a viable solution – especially if you are undecided about your eventual retirement destination. Basing your pension investment overseas should mean that future movements of capital or income are not impeded. What to Know About Your own personal circumstances are unique. Be realistic about how much you should contribute.

Consider the charges the bonuses and the flexibility of any investment plan

– generally the more flexible the plan the more fees there will be. Know that a good offshore retirement plan should allow you to do the following without penalty:

-1 Reduce contributions without penalty (normally after an initial period of one to two years).

2 Switch investments between different funds to respond to changes in the market. Preferably including funds managed by other people outside the institutional zone.

3 Have the option to withdraw when you want without penalty.

4 Allow certain access to money invested (again, after an initial period). How to Find the RIGHT Solution Finding out what the best products are from each supplier at the moment, and then choosing the best one based on your own personal needs and current circumstances is the best idea! But how impractical!

Do you have time to do this? Would you consider yourself an expert in foreign investments and retirement planning? Where would you start? Obviously professional advice will get you the right solution and save you time and money and reduce your delay cost significantly! To find out more about what solutions are offered in the market and to learn more about offshore investing and saving for your future, visit http://www.offshoreinvestmentguide.com today. Discover how to build wealth, enjoy greater privacy, protect your assets and secure your financial future with the Offshore Investment Guide.

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