Retirement Planning the Offshore Way

Retirement Planning the Offshore Way Why do so many of us constantly push the thought of retirement planning to the back of our minds? Reluctance?! 1 Reluctance to save for an event that seems so far off 2 Reluctance to tie in to an inflexible pension scheme 3 Reluctance to put a large portion of our current income out of reach for the long term But in terms of retirement planning, putting off until tomorrow that which you could get done today will end up costing you very dearly. Every month you delay your retirement savings planning, you significantly reduce the value of your future potential retirement fund.

Or put another way, every month you delay your retirement savings planning you significantly increase the amount that you will need to invest to achieve the same level of retirement income than if you'd started today. If a 25 year old and a 35 year old were to start saving for retirement at 55 and the 25 year old invested 300 a month towards retirement, the 35 year old would have to increase his contributions to 803 a month to achieve the same potential returns. At the state retirement age of 65 the average man will have some 19 more years to live and the average woman, 22 years. You will have to support yourself without work and, very likely, without state income.

This means that you will spend 25% to 30% of your life in retirement. You will need substantial sums of money to support yourself in retirement in the manner to which you will have become accustomed throughout your life to date. Recent figures show that individuals aged between 25 and 44 are saving 1/3rd of the amount they should be saving in order to support their current lifestyle in retirement. In most countries you are forced to make your own pension provision if you want to have any chance of a comfortable retirement. The value of the government pension that you could once rely on is diminishing every year.

Ready to Start Planning? If you're an expatriate you are in a more privileged position than most ? chances are you're enjoying a higher salary and extra benefits as a result of working away from home. Furthermore expatriates have greater freedom when it comes to making investment decisions: they are not necessarily restricted by the same regulations that domestic investors experience. Decisions That Need To Be Made The most sensible solution would seem to be finding a safe harbour to anchor your retirement investments so that you can move from country to country as necessary without this having any negative impact on your assets. However, if you decide to do this you need to decide exactly where that safe harbour should be.

Offshore financial centres present a viable solution - especially if you are undecided as to your eventual retirement destination. Basing your pension investment offshore should mean that future movements of capital or income are not impeded. What To Be Aware Of Your own personal circumstances are unique. Be realistic about how much you should be contributing.

Consider the charges the bonuses and the flexibility of any investment plan

- generally the more flexible the plan the more charges will be. Know that a good offshore retirement plan should allow you to do the following without penalty:

-1 Reduce contributions without penalty (normally after an initial period of one to two years).

2 Switch investments between different funds to respond to changes in the market. Preferably including funds managed by other people outside of the institution zone.

3 Have the option of retiring when you want to without penalty.

4 Allow certain access to monies invested (again, after an initial period). How to Find the RIGHT Solution Finding out what each provider's best products are currently, and then hand picking the best to suit your own personal needs and current circumstances is the best idea! But how impractical!

Do you have the time to do this? Would you consider yourself an expert in offshore investments and pension planning? Where would you start? Obviously professional advice will get you the right solution and save you time and money and reduce your cost of delay significantly! To find out more about what solutions are on offer in the market place and to learn more about offshore investing and saving for your future, visit http://www.offshoreinvestmentguide.com today. Discover how to build wealth, enjoy greater privacy, protect your assets and secure your financial future with the Offshore Investment Guide.

R L Williamson is an independent offshore financial specialist. She has worked in the fields of financial advice, specialising in retirement planning and she has worked in investment banking. Through her work she has travelled widely and lived in many different countries around the world. Meeting expatriates, international investors and being an expatriate herself, she is well versed in understanding the different financial needs of the individual, and she is an expert when it comes to finding the RIGHT offshore solutions.

In The News:


U.S. News & World Report (blog)

A Wealth Building Plan for You: Growing Family Edition
U.S. News & World Report (blog)
As part two in our series, "A Wealth Building Plan for You," I'll address the needs of a growing family. Growing family. This is the stage of big-ticket items. And we're not even talking about that Jet Ski or motorcycle you'd like to buy. College ...

and more »

U.S. News & World Report (blog)

A Wealth Building Plan for You: Young Professional Edition
U.S. News & World Report (blog)
As part two in our series, "A Wealth Building Plan for You," I'll address the needs of the young professional. If you're a little younger, you may find some good information in part one, or the recent college grad edition, or if you have a bit more ...


Convergent Wealth Advisors Publishes New Primer on “Building A Legacy”
PR Web (press release)
Convergent Wealth Advisors issues estate planning guidelines and urges action to preserve legacy aspirations. In straightforward, easy-to-understand language, Building A Legacy—An Introduction to Multi-Generational Wealth Planning author Stephanie ...

and more »

5 Tools That Can Help You Build Wealth for the Future
Huffington Post
The good news is that it doesn't have to be as hard as you think. With the right tools in your financial toolbox, you can build wealth for the future, starting right now. Here are 5 tools that I use to help me stay on top of my finances and help me ...

and more »

Using tax-deferred investments to promote long-term wealth building
Timesonline.com
Tax season is in full swing, and many people are being reminded of the tax burden their investment returns carry. As a result, some are adopting a smarter strategy for maximizing long-term returns by deferring taxes and allowing gains to compound over ...


Leaders of 'Building Wealth' tour sentenced to prison for stealing millions
Atlanta Business Chronicle
Two leaders of a 'Building Wealth' tour that targeted church congregations across the country - including New Birth Missionary Baptist Church in Lithonia, Ga. - will serve time in federal prison in connection with a fraud scheme. Federal prosecutors ...

and more »

Lifehacker Australia

No Matter What, Building Wealth Always Comes Down To These Four Pillars
Lifehacker Australia
That doesn't mean it's equally easy for everyone to build wealth. Some people have much bigger mountains to climb, and other people are being pulled down the mountain as they try to press forward (while others start halfway up). But when it comes time ...

and more »

The Financial Paths to Building Wealth Teach Us Little About Distributing It
WealthManagement.com
Clients who have worked hard may believe that all the challenges that come with building wealth have been met, yet they are uncertain about how to protect assets up until the time to transfer them to a family member or a worthy cause. It may seem ...


Tampabay.com

A guide to building wealth for everyday people
Tampabay.com
Today the book stands as a sort of promise that everyday people have a shot at accumulating true wealth through habits and not just outsize risk — that people in blue-collar businesses doing real work can, by saving well and not spending lavishly ...

and more »

BizNews

March 26, 2015 in Wealth Building // Armitage vs Kellermann on Anchor offshore ...
BizNews
Nothing yet from the Belvedere duo of Cobus Kellermann and David Cosgrove in response to my second batch of questions. They did say today. And it's some hours before sundown. But helped by representation by heavyweight media lawyer Johan Theron ...

and more »
Google News

Wealth And Your Net Worth

Most people know it's important to keep and organize all... Read More

Wealth Secrets: Saving Your Way to a Fortune

SCENE 1: Pharaoh has just woken up from a very... Read More

Trustees: Who Can You Trust?

Early in my legal career I represented two young women... Read More

Real Estate Stories that Show You How!

Let's begin easing you out of the pits. I mean,... Read More

Controversial Wealth Audit Reveals Over 90 Percent of Us Could End Up Working Forever...Are You One

Results from a new tool developed by UK based firm,... Read More

Turn That Fixed Rate Mortgage Into A Goldmine

When you purchased your home, you most likely got a... Read More

What Are Your Beliefs About Money and Wealth?

What is your attitude towards having wealth? Do you believe... Read More

Lesson 2 - The Commodity Of Kings!

What is "The Commodity of Kings""Power is simply "the ability... Read More

Let Me Inspire You - You Aint Seen Nothing Yet! (PART-1)

You know about compounding right? You understand what pyramiding your... Read More

Saving Money - 35 Pieces of Advice to Save

There are only 2 ways to grow your wealth -... Read More

The Making Money Obsession - Discover The Real Truth

In most societies, we are raised to believe in the... Read More

Money Mastery

Money can be your servant or it can be your... Read More

Virtual Millionaire Strategy Exposed

Let's begin this lesson with a definition of the term... Read More

Simple Strategies to Making Financial Gain

Now is a great time to make it a habit... Read More

Asset Diversification Is NOT Boring?And Will Make You Money

OK, this article will start with the cheapest piece of... Read More

Steps to Financial Freedom

Financial freedom is the power to do what you will... Read More

Build Wealth - Formula To Success

A mole travels one road, according to the way nature... Read More

Investors - What Separates the Good Traders from the Bad Traders?

There are many forms of investing online. While I can... Read More

Your Own Products Can Make You Rich

Although there are advantages to selling other people`s products and... Read More

Get Rich Doing What Others Dont

"The quickest way to wealthThat I've found to be true;Is... Read More

Rich or Poor - Get the Knowledge

Most people work hard all their lives only to "retire"... Read More

Profit from Your Own Information Empire!

Would you like to profit from your own information empire?... Read More

What Do You Mean By Diversity?

The word 'diversity' is a unique one. It can represent... Read More

Q and A: Financial Independence Tips For Women From Coni Cecil

As a woman Netpreneur, I sat down via e-mail with... Read More

Creating Money, Prosperity, and Abundance Now (Part 2)

Giving and ReceivingIt seems that people generally find it easy... Read More