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Destiny
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| Post-retirement investments? |
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Hi friends,
One of my uncle who is from Asia.He is about 10 years from his retirement, but he wants to take voluntary Retirement. whatever he has earned ,wants to invest that.Can you suggest me which is the most effective Post retirement plan.
Thanks.
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Wed Mar 06, 2013 11:28 am |
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smk
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there isn't a single best solution to this problem. he needs to consider the totality of his circumstances. in this country we used to rely fairly heavily upon pensions, but they have become less and less common. if he has one, he needs to consider what will happen if inflation takes off and his pension is not inflation protected. he can also consider how much his income will go up if he waits to take the pension. if he is concerned about outliving his wealth, delaying a pension is often a good strategy.
basically, he needs to get a good education on finances. if he understands what he is supposed to do, then he can decide whether to find an adviser to help him or become self-directed...without knowledge on how to retire safely, he could be taking some very large risks (depending upon his circumstances)
Steve Kanney, CFA
http://www.integratedfinancialny.com/index.html
Any comments made are designed to help you make your own decisions and do not consititute investment advice.
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Wed Mar 06, 2013 9:29 pm |
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Anton Martin
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| Re: Post-retirement investments? |
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quote:
Originally posted by Destiny
Hi friends,
One of my uncle who is from Asia.He is about 10 years from his retirement, but he wants to take voluntary Retirement. whatever he has earned ,wants to invest that.Can you suggest me which is the most effective Post retirement plan.
Thanks.
Hello,
As far as your uncle is from asia, frist they need to decide where they wants to invest their money. Either in asia (Country they live) or in USA. There are different investment options in these continents. If they wants to invest and relocate to USA then I would like to suggest you to hire certified financial planner for them, so that they will be able to make better retirement planning with respect to their investments.
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Sat Mar 09, 2013 8:43 am |
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noah herman
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| Re: Post-retirement investments? |
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Hi..Destiny,
Very Happy to help you and your uncle. see there are so many plans in the market to invest. But I personally suggest you to look in to variable annuities. Variable annuity is one form of long term investment created for retirement planning. Variable annuities are contracts between you and an insurance company, under which the insurer makes periodic payments to you.
Thanks. 
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Fri Mar 22, 2013 12:13 pm |
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hildmiley
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You might not be too much worried about your post-retirement financial concerns. You might be too confident with your life-long savings. True, you have no reason to worry or feel concerned about if you have been saving a part of your earnings.
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Thu Apr 04, 2013 3:15 pm |
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jamescruz
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If you're planning to use interest and dividends without drawing down principal, it will be better to invest in a reputable, low-cost no-load mutual fund balanced between stocks and bonds.
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Mon Jul 22, 2013 11:45 am |
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HerbertH
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There isn’t a one-size fits all answer to this question. Still I will make an attempt. If your uncle has emergency funds worth three months of his salary, plus one year’s salary for grocery and medical bills, plus his children (if he has) aren’t dependent on him then he can think of retiring early. Sounds awkward?? Told you, there isn’t a one-size fits all answer to this…
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Thu Sep 05, 2013 10:36 am |
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bobrichards
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One methodology is to first calculate income needs. Set the necessary amount into income investments to supply those needs and the rest into equities. Since most people do not even have enough to supply their income needs, a very rough rule of thumb that has worked for me for many years (retired financial advisor) is 50% in income investments and 50% in dividend paying stocks.
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Wed Nov 27, 2013 11:10 pm |
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