Health issues aside, Covid-19 has wrecked the financial plans of many, probably you too. And if you dismiss this now, you could jeopardise your retirement plans irreversibly.
Before Covid we could travel where and when we wanted. Many of us planned to retire in a new country and travel to see family in retirement. We felt in control and were confident we knew what we would do – then came Covid-19.
2020 has become the year of the new normal:
- The world has changed
- Our lives have changed
- The future has changed
The challenge facing all of us is how do we plan for our retirement in the new normal? It seems the only thing you can be sure of is that one day you will retire but….
When? Where? What will you do? How much will you need? How should you invest?
In an uncertain world your plans need to be able to adapt to change and you need to understand what is and is not possible. This is never truer than when planning for retirement.
If the world has changed does your financial planning need to change too?
Thankfully AAM have thought about this and have developed the AAM Retirement Healthcheck to help you regain the clarity you once had and get your retirement plans back on track.
The AAM Retirement Healthcheck is an innovative goals-based planning approach that brings conversations about retirement to life. It stress-tests your retirement plans allowing for the key risks that you will face – longevity risk, market risk and inflation.
Your retirement healthcheck is designed to provide the answers you need, such as:
- When can you afford to retire?
- Will your money last for life in retirement?
- How much money can you afford to leave to your children?
- Can you afford that round the world trip and still have a comfortable retirement?
- How much money can you safely afford to spend each year?
- What will your pensions do for you and can they be improved?
To find out more about how the AAM Retirement Healthcheck can help you secure your retirement speak to your AAM Wealth Manager or contact [email protected]
This article is intended for general circulation and information purposes only. It may not be published, circulated, reproduced or distributed in whole or part to any other person without prior consent of AAM. This article should not be construed as an offer, solicitation of an offer, a recommendation or provision of financial advice. The information does not take into account the specific investment objectives, financial situation or particular needs of any person. Advice should be sought from a licensed financial adviser before making any decisions. Whilst we have taken all reasonable care to ensure that the information contained in this article is not untrue or misleading at the time of publication, we cannot guarantee its accuracy or completeness. Any opinion or estimate contained in this article is subject to change without notice. AAM Advisory Pte Ltd is licensed by the Monetary Authority of Singapore, FA Licence no. 100032.
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