Global pension benefits and
retirement income investment
need not be dependent on the state old age pension
or whatever kind of pension or annuities
you rely on now or in the future.
Your Pension ... is it,
or will it,
be adequate for retirement ?
For many baby boomers and younger it won't.
Over the last 90 years
people are living around 30 years longer.
Pension annuities can't cope.
How much of your life
will you have to spend in retirement
with less money coming in but yet more time to spend it?
"Pensions are complicated and few understand them. Too many just pull up the bed clothes over their head and hope to die before they get old. The pension abyss is deep and wide. Too many people will eneter retirement a great deal poorer than they ever expected. The choice seems to be. Pay more tax. Pay more into private pensions. Work longer. Do a bit of all three or starve in retirement and old age. The CBI wants the pension age raised to 70." Polly Toneybee...The Guardian.
Global pension planning is essential.
It's a popular misconception that everyone gets the basic state pension annuities.
In fact, 92% of men have a full basic (low) pension but only 49% of woman do. BBC website.
Recent Government figures gives us a picture of what financially will happen to people at 65.
1% will be wealthy.
3% will still be working.
4% will have adequate income or investment for retirement.
29% will be dead.
63% will rely on social security and handouts from family and friends.
Retirement pension annuities planning is essential.
The U.S. Department of Labor has stated that 90% of those retiring in the next 20 years (2008 -- 2028) will be living on $12,000 p.a. or less!
Many people simply cannot afford retirement.
They will have to live on an significantly lower money, or generate supplemental cash.
According to the U.S Census Bureau there will be 82.8 million retiring between 2011 and 2029.
This means that by the year 2030, nearly one-fourth of the U.S. population will be 60+ years of age!
Pension benefits need not be dependent on the government, whatever kind of retirement pension annuities you rely on.
USA Pension, British pension, teachers pension or police pension etc.
There was once a standard age for retirement and people could count on their company pension plans or investment retirement funds to get them through their twilight years.
Now we are finding that people are lasting longer than their funds and annuities.
This is where the problem kicks in for most.
Because social security, which was meant to secure our golden years is in serious financial trouble throughout the world.
Global pensions and annuities are under threat.
Part of the reason for this is because people are living longer and longer.
For this reason, we are seeing more and more young people taking their financial retirement planning seriously as they see more and more retirees coming out of retirement in order to put food on their tables, because their retirement funds aren't enough to make ends meet.
If you don't want this to be you then investment action needs to be taken.
You cannot depend on global pensions and social security for your retirement any longer. The chances are for youger people that social security will be a long forgotten thing of the past by the time they reach retirement age.
There are several things you can do that will help you when it comes to setting aside investments and money for your retirement pension annuities.
The earlier in life you begin planning and puting away money into investments for your retirement the better.
This of course does not mean that there is no hope if you wait until later in life but only that you will need to make more substantial investments and save more aggressively if you choose to wait until a later date.
One thing you should carefully consider when planning for your retirement and setting aside investment funds for pension annuities is how much money you feel you will need in order to have the quality of life you hope to have upon retirement.
Just as there are very few things in life that are one size fits all, the same holds true when it comes to planning for your financial retirement annuities.
We all have goals for our golden years.
Some of these goals include jet setting around the world while others seek little more than a modest existence with steady annuities, a garden to call our own, and a steady supply of good books and music.
There are all kinds of retirement plans and annuities and they will each require their own unique and individual means of investment funding.
One important thing you need to keep in mind is that while saving is great, investment is often the wiser option for increasing your funds and netting larger funds upon which to buy annuities.
There is risk involved with investment and you need to be aware of those risks before choosing to do so, however, there are many times where the rewards far outweigh the risks that are associated with investment.
You can of course provide you own global pension fund and annuities.
With proper planning
YOU CAN WRITE YOUR OWN EVER INCREASING MONTHLY CHEQUE
(see what I do and join me)
or
Just stay as you are and lose out
week after week,
month after month,
year after year ...
... knowing you've missed
a golden opportunity to earn extra income
and enjoy a retirement unlimited!
Don't be condemned to work to 70 + or accept the fact you have to live on a pitance in retirement.
Click here for pension planning calculator
You can make it better by planning your own retirement.
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