Closing the Retirement Gap. Solving a 30-50-year problem by St. James’s Place Financial Adviser Sharon Calderini
Thank you, Sharon Calderini, Managing Partner, St James’s Place Asia and Middle East for sharing your blog;
Closing the Retirement Gap.
“How do we solve a potential 30-50 year problem?”
The answer:
“The way we think about retirement needs to change.”
With life expectancy increasing, someone aged 60 today could easily live another 30 years or beyond, which means today’s savers need their money to last longer.
Additionally, how people approach and enter retirement is different. There is no magic number to pinpoint when you should retire or how to do it. For example, it is not uncommon for people to continue working into retirement by switching to part-time, consultancy, or a different business interest. At the other end of the scale, there is an increasing desire among the younger generations to retire early.
Regardless of what retirement means to you, it’s crucial that you have a plan and have accumulated enough wealth to realise the lifestyle that you want.
* The sandwich generation is referred to the group of adults who are responsible for raising their children and caring for their ageing parents.
People often say it is too early or too late to begin planning. It’s never too late to start or refocus your retirement planning efforts; similarly, it is never too early to start!
The most important consideration is that there is no one-size-fits-all solution. We are all different, and our dream retirement is unique. But there is a right solution for you that fits your personal circumstances. With the right advice, you can understand your options and build a plan that helps you realise your aspirations, considering any bumps along the way.
It is important to remember that the value of an investment with any fund manager will be directly linked to the performance of the funds selected and may fall and rise. This means that the growth and profitability of your investment can vary over time.
Therefore, it is crucial that you consult with your financial adviser about the stage of your life that you are in, as well as your risk tolerance, to ensure you’ve accommodated any fluctuations in the market.
Your financial adviser will have the expertise to assess the market conditions and help you make informed investment decisions that align with your goals and circumstances. By having open and regular discussions with your financial adviser, you can stay informed about the potential risks and rewards associated with your investments and make any necessary adjustments. Investing always carries some risk, so being proactive and staying educated is key to maximizing your investment returns and protecting your financial future.
Regardless of what retirement means to you, it’s crucial that you have a plan and have accumulated enough wealth to realise the lifestyle that you want.
The value of an investment with St. James’s Place will be directly linked to the performance of the funds selected and may fall as well as rise. You may get back less than the amount invested.
If you’d like to connect with Sharon Calderini and discuss your unique situation, click on the link below.
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