RETIREMENT
As a rule of thumb everyone should be saving at least 15% of their income throughout their working life in order
to ensure an adequate income in retirement. You can also calculate how much you should save by estimating
how much you can comfortably live on in retirement. Much depends on where you plan to live but let’s say you
can live on $2,000 a month in today’s money. If we assume you can generate 4% interest from a capital sum you
would therefore need to accumulate $600,000 before you retire. And this figure will need to be adjusted annually
to take into account inflation! Of course you can manage with a smaller amount by dipping into capital to achieve
the monthly $2,000 but as inflation bites there is the danger that the capital will run out at a time when your health
and long term care needs are the greatest.
How can you reach such a target?
The answer may be no way if you have left it too late. But if you have another 20 years to retirement and can rely
on a steady income then by putting $1,000 a month into a regular investment plan generating an average return
of 7.5% per annum you should meet the target (but remember it is a moving target so savings should also move
up with inflation). If the target is beyond reach you can at least comfort yourself by knowing that you are in the
majority. Studies in the UK have shown that even in a country where pension contributions are mandatory only a
minority will have saved enough to maintain their standard of living in retirement. But it does not mean you should
give up. Early action will at least provide some damage limitation!
|
$keyMonth = 4;
$keyDay = 26;
$keyYear = 2011;
$month = date(F);
$mon = date(n);
$day = date(j);
$year = date(Y);
$hours_left = (mktime(0,0,0,$keyMonth,$keyDay,$keyYear) - time())/3600;
$daysLeft = ceil($hours_left/24);
$z = (string)$daysLeft;
if ($z == "1"){ $z= $z. " day left";}
elseif($z < "1"){ $z="recent offer now closed, a new offer will be available shortly";}
else { $z= $z. " days left";}
?>
|
Invest in trees, assist the environment and earn up to 23% per annum over the next 7 years.
For a limited period enjoy an 2% reduction of the investment amount.
|
|
Get our free guide to expat investments
Find out about Expat Investments
Please put your details here to stay
informed and for your free E-book guide
to investing as an expatriate.
Yes - show me how to maximise my finanical
opportunities as an expatriate.
At Imperium Capital we believe in supporting activities
that will make a positive contribution to the future.
Our view is the best way this can be achieved is
through education, particularly education to those who
needs are greatest.
We are committed to developing our ongoing support
for the less fortunate children in the host capitals
where we have representation. Typically we support orphanages and sponsor many events throughout the calender year. We are particularly supportive of the development of sports and outdoor activities for children.
We are all being made aware more and more these days how important play and sport are for children, especially when it takes place outside in nature, not only does this help develop physical health but it also provides the opportunity to develop social skills and positive mental activity, all beneficial to children's development.
Anyone requiring specific details about our support, please feel free to make contact directly using the details below.
e-mail: client.services@imperium-capital.biz
|