RETIREMENT PLAN:

This is a plan specially designed to meet up with our investors specific requirements which is ideal to ensure they live stress-free/post-retirement life. It is extremely challenging to think about retirement plan specially at young age. Young people are busy starting careers, families or settling in new locations, so it is understandable that they have the reluctance to discuss retirement plan this early in life and not considering the fact that life goes by faster. Every year one waste postponing retirement planning means additional year of depriving yourself retiring early and enjoying the golden years.
As human, our goal in life should be retiring with financial freedom and security through a financially comfortable and stress-free lifestyle, because retirement planning decides how you live once you are old and no longer wish or unable to work but this involves the consideration of a number of factors; at what age you hope to retire, how much money you need to cover for the living expenses and other plans after retirement, and lastly, considering where your retirement money will come from, which simply means ‘PLANNING AHEAD OF TIME’ (PAT) with the fact that ones standard plan cannot fit everyone because each investor has his/her own unique situations.
The first place to start retirement planning is saving and investing because as an investor, your behavior toward retirement planning is intrinsically influenced by your attitude, knowledge and information which we have considered as a challenging factor and have provide good skilled analyst who will help guide your decision-making.
- Attitude in this factor includes how you take responsibility and tolerate risks financially. As investor, if you tend to take financial responsibilities for your future, you may be more likely to engage in retirement planning.
- Knowledge in this factor: young people are often inclined to be present-oriented rather than future-oriented, with certain knowledge and information needed for retirement, they will definitely know when to get started because for the full investment in retirement planning as young individual, you need to acquire knowledge of financial literacy and numeracy.
- Information in this factor includes the investment, income, interest, length and risk involved during your retirement contract. The mere mention of the word ‘retirement’ brings certain relief to those working hard daily in their 8-hours shifts because every individual who dreams of enjoying financial independence and a blissful retired life will agree why retirement planning is crucial. More importantly, for people in private jobs, a proper retirement plan would help you determine retirement income goals and then design an achievement path to enjoy the benefits. Retirement may be decades away but there are benefiting reasons to think about contributing to a retirement plan earlier on because starting early and avoiding early withdrawals really pays off big time.

Here iin Providus Capital Ltd, we look at more than dozens of the best retirement plan providers nationwide and narrowed the list down to the top six providers based on a number of factors, including what types of retirement plans each offers. We also compared the management fees, investment experience, focus on retirement planning and the over-all customer reviews. As an investor, to have comfortable, secure and fun retirement, you need to build the financial cushion that will fund it all because planning for retirement starts with thinking about your retirement goals and how long you have to meet them. As you save money, you have to invest it to grow and growing for long-term simply means taking advantage on power of compounding because retirement plan evolve through the years which means portfolios should be rebalanced and estate plan updated as needed. As an investor, you can’t project your future expenses without knowing your current expenses because even if you’ve made it this far without budgeting, early retirement is an ambitious goal.

As an Individual retirement account owner (IRAO), you can designate one or more beneficiaries to inherit your account in the events of your death. Your IRAO beneficiary designations, typically supersedes any other instructions you leave, so if you name your spouse or your child as your IRAO beneficiary, he or she is entitled to inherit all your accumulated returns at your event of death. NOTE: As an individual retirement account owner here in Providus Capital Ltd, if your account is not designated with an IRAO beneficiary, your accumulated returns and capital will be passed directly to your spouse but if not married, it will be passed to your designated beneficiary in accordance with your goals when opening an IRAO.