Your Financial Forecast 65+Protect your wealth and benefit from sound financial planning.
As senior citizens there is still much you can contribute in this world. Do some charity work, spend time with the grand-children and lend a shoulder to cry on for your kids. Your valuable advice is even more needed now.
You may even continue with your own business!
Hopefully your health allows you to still lead an active life and your retirement capital is sufficient to last you till the end of your days. It is still a good time to get financial advice and to make sure that you have the right strategy in place. The right advice now, can make a huge difference in your golden years.
You need a partner who is objective and has the knowledge and experience to help you make the right decisions.
Some of the things you would want to know, and how Delfin can help:
- What standard of living can I sustain with my retirement savings?
Longer life expectancy, inflation and the ever increasing cost of healthcare can have a significant impact on the provisions of retirees. This reality requires proper and regular planning to guarantee your peace of mind.
- Should I downsize my property or move to a retirement/lifestyle village?
Holding costs on property have increased substantially as local governments attempt to accelerate delivery by increasing property rates and taxes.
- What should I know about utilising my company’s employee benefits?
Are you informed about the various options available under your pension/provident fund at retirement as well as the tax implications of your choices?
- Do I have the correct structures in place to execute my wishes at death?
Do I need a Will if I die? Do I need a Trust? Can I create a family trust in my Will? Who will be the executor of my estate so that my assets will be divided amongst my beneficiaries as I stipulated in the Will? How can I reduce estate duty taxation?
- How do I avoid and not evade tax?
Use the available investment vehicles that can reduce your income tax. Are you aware of all the deductions that are available to you?
- How much do I need for healthcare costs post-retirement?
Property and lifestyles can be downscaled, but medical costs are a different matter. One simply cannot downscale the risks of getting ill. The best retirement plan can be negatively impacted by the wrong medical planning at retirement. It is important to insure yourself against the risk of excessive healthcare costs.
- My kids are living overseas, how does this affect my planning?
More and more parents are finding themselves with children living in different countries. Apart from wanting to make provision to go and visit them, you also need to make sure that if something should happen to you, that they will be able to inherit in the most tax efficient way, depending on where they stay.