John Jenner International Limited
Money Management for the Internationally Mobile
Home      Retirement
Print this pageAdd to Favorite
Don't depend on your government's state pension plan to look after you. It will help but not be enough to provide you with an acceptable life style. 

                                                          

 

 
RETIREMENT  PLANNING 
 
 
 
                           Click here > > > Retirement Faces 
 
 
 
 
 
 
 There is little point in our banging on here about the need for Retirement planning as early as possible.  Haven't we all heard it over and over again. 
 
We are constantly bombarded by financial ‘experts’ in newspapers and magazines and on television telling us that we can no longer depend on company schemes or state pension arrangements.
 
Fairy godmothers are also in short supply which means we all must make our own arrangements.
 
Despite all that, most people do nothing or do too little.
 
All we can say is that, when you do get around to doing something about it be very very careful.
 
So called Insurance linked long-term “International Pension Plans” are NOT the way to go.

We can help with the same simple flexible plans as described HERE  
 
  
   
 
                                 Age 30 — 37
 
   Yes, I’m excited about my new job 
   offshore.  It’s interesting, exciting and the 
   pay is great.
 
   There’s no pension programme but I can soon
   arrange my own. 
 
  
 
 
                                 Age 38 — 45 
  
Working offshore was a good move. I like the 
expatriate life and work.  High earnings,  low  
tax.
 
Only problem is.... no retirement scheme. I must 
get around to sorting something out. 
 
 
 
 
                                 Age 46 — 53
 
  
   My expatriate career has been good to me
   but I do worry sometimes about how I’ll
   manage financially when I retire.
 
 
 
  
 
 
                                 Age 53 — 60
 
   I met Fred my old ‘stay-at-home’ Buddy when 
   I was on leave.  He will retire on a 
   comfortable company pension.
 
   Why didn’t I do something years ago? 
   I hope it is not too late.
 
 
  
 
                                 Age 61 +++++ 
  
What am I going to do? Not long till retirement. 
I meant to start saving but kept putting it off.
 
Could I find another job?
 
If not, will I have to work till the day I die?
And what if I got sick?
 
 
 © Copyright Helen V. Sands January 2007
 
 

Until quite recently, no genuine international retirement scheme for expatriates was available to advisors.
 
The frequently offered products labeled ’Offshore Pension’ or similar bear little relationship to most people’s understanding of what constitutes a retirement plan in their home countries.
 
Those are effectively old fashioned endowment insurance policies with enormous built in charges and huge hidden penalties. That makes them very profitable to insurance companies and sales-people but seldom a good deal for the investor.
 
At last this problem has been addressed and we can now offer expatriates a genuine international retirement plan.
 
Close ‘OPES’ issued in Guernsey by Close Private Bank is based on well established trust legislation, with appropriate benefits, all the flexibility the expatriate needs and with reasonable and clearly set out charges.
 
 
For more on Close OPES Please click HERE

  
 
BUT DON'T GET DOWNHEARTED
Every little bit helps
 
 
As long as you draw a paycheck, you have the opportunity to set some of it aside for your future needs. The more time you have, the more your money can grow
 
WARNING
 
Never, Never sign up for a long-term offshore retirement plan.
 
A plan that is set to mature in your targetted retirement year may sound logical but will be loaded with crippling charges and penalties.
 
Limit your contractual savings/retirement plans to 5 years.
 
Then if all goes well, you can 'Rinse and Repeat' over and over until retirement.
 
Incentives to sign for longer by way of bunuses and discounts will not offset the drawbacks. 
for you.
 
The chart below looks at the potential growth of $1,000 over time. Even if you're a late starter, investing what you can as long as you can will make a significant difference.

The merchants of doom and gloom have harped on for years about the pensions crises, the coming failure of social security systems everywhere and how almost no-one is saving anywhere near enough.
 
The result is that the very mention of planning for retirement makes us cover our ears, hit the delete key or use the 'off' button.
 
Have they turned you off the idea that it might actually be worthwhile doing some planning?
 
Have they persuaded you that you'll be lucky to retire anywhere this side of 90?
 
Here's what you really need to know - Retirement is NOT a dirty word.
 
We all know people who have retired and are getting along quite nicely thank you so it obviously can be done.
 
It requires is a little strategic planning, a modicum of forward thinking and a properly thought out investment plan.  It is just as much good common sense as it is financial expertise.
 
Yes, you should start young but if you didn't then you are never too old to start improving your situation.
 
We can help by stressing optimism rather than 'gloom and doom'. A full financial review with realistic projections and a programme to suit your special circumstances.
 
 
 
Growth of in investment of 1,000 over years at various growth rates.
These figures do not allow for the effects of any management charges
 
Years
to go 
10% Annual
 Return
9% Annual
Return 
8% Annual
Return 
7% Annual
Return 
40 
45,259 
31,409 
21,725 
14,974 
 35
28,102 
20,414 
14,758 
10,677 
 30
17,449 
13,268 
10,603 
7,612 
 25
10,835 
8,623 
6,848 
5,472 
 20
6,727 
5,604 
4,661 
3,870 
 15
4,177 
3,642 
3,172 
2,759 
 10
2,594 
2,367 
2,159 
1,967 
 05
1,611 
1,538 
1,469 
1,403 
 
 
 To learn more and start the ball rolling by requesting your Personal Assessment
please click HERE 
 
 
  
 Perusal of this web site or any part of it confirms that you have read and understood our DISCLAIMER