Personal Wealth Management
Dublin, London, Geneva, Jersey, Isle of Man, Cyprus, BVI, TokyoA Subsidiary of IFG Group PLC
It is estimated that 90% of the world's working population will not retire on an adequate pension. A recent survey suggests that many people will retire on less than a quarter of final earnings.
Governments are less able to support retirement benefits and the obligation is now increasingly on individuals to provide a comfortable income in retirement.
The Cost of Delay
Many young people do not regard retirement planning as an important issue and tend to put off retirement planning until their 30's or even 40's. The case study below brings into perspective the vital need to start planning sooner rather than later:
Case study
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A 40 year old retiring at age 60 Desired Income in Retirement : US$40,000 p.a. Fund Required to meet desired income : US$1,000,000 Average Inflation : 3% per annum over 20 years Inflation Adjusted Fund Required : US$1,800,000 Inflation Adjusted Desired Income : US$72,000 Monthly Commitment : US$3,720 p.m. A 30 year old needing the same income only needs to invest US$1,595 p.m |
Please contact us for retirement planning information and we will be happy to help you with a retirement funding projection.
Risk
If a retirement plan is surrendered or if premiums cease early there may be a penalty or a reduction in benefits. Past performance is no guarantee to the future and you may not get back the money you invested, especially if you encash in the early years. You should maintain your contributions throughout the term.
Japan Social Insurance and Pension Agency Information for foreign nationals living in Japan
