RETIREMENT
“Retirement provides the opportunity to go your own way and develop further.”
Gerrit Deems (1921, Dutch theologian who became famous for receiving his doctorate at the age of 89)
Are you ready to retire but afraid of running out of money? Do you know who you can trust? People imagine their retirement as learning new things, seeking challenges, giving back a little of themselves as a mentor, spending time with family and friends, or going on exciting adventures in their everyday life. Vision is the beginning, but reaching the goal takes more steps than people usually think. Your guide to being an insider serves as a mentor for retirees and a guide for all those who have walked this path countless times with a proven system. Smart Insurance Broker with more than 25 years financial service experience examine what options are currently available to people interested in this topic in this world of rush, of acceleration, of uncertainty. We present an exciting new trend where companies are playing a role of trust. We illustrate a paradigm shift in the financial services and emphasize the importance of why those planning to retire need to understand and participate in the process, and ultimately how they can follow our guidance, resulting in the ability to enjoy the fruits of years of hard work without worry.
Determine your retirement readiness
1. Think about whether you are really psychologically and financially ready to retire if you decide to retire by reaching the retirement age. Consider carefully whether you would like to continue working actively afterwards and, of course, consider all the financial and non-financial implications.
2. Consider whether you want to work until the officially determined age of 65, or whether you want to stop working earlier, of course, having the financial background to do so.
3. Ideally, you should do this at least several years before you turn 65. If you still have ambition, carry out only activities that will broaden your existing life experience and strengthen your mental bank.
4. If you decide to continue working, you should benefit from the state’s contribution reliefs.
Establish a budget
Those who have accumulated over many years may feel that reaching retirement age (65 years) means that it is time to enjoy the fruits of their profession. The biggest risk of this is that they may overdo it and spend all their property within some few years.
1. Plan your spendings so you don’t fall into this trap. Don’t forget to include any new costs that arise, such as extra travel. This will help you to realistically determine how easily you can afford these plans.
2. Budgeting is even more important if you are no longer working, as your income will likely come from your savings, pension insurance and any programs planned for the possible retirement.
3. The easiest way to establish a budget is to examine what you want to keep of your current spending after you retire and what additional spending you want to have. You can then multiply the resulting figure by 240 months (the average life expectancy, taking into account its steady increase). This will be the figure that will ensure your comfortable and dignified living. We will give you all the help we can in preparing the budget.
4. Take into account that an ageing body requires more healthcare expenditure than a young or even middle-aged one.
5. Calculate the annual deterioration of money – inflation.
Decide when to want to use your pension insurance service
Pension insurance is usually included in an individual’s retirement financial projections. One of the key decisions when factoring retirement insurance into the equation is determining whether to receive full or reduced benefits.
Use your real estate and other passive income sources to increase your income
Income from (private – commercial – industrial) real estate, farmland, other leases, and contractual or other relationships, all of these have the potential to improve income after retirement to achieve the desired goal. Of course, each of them has different risks, but each of them plays an important role in the preparation of your plan.
Manage your income before and after your retirement
Take steps to ensure that you minimize taxes and maximize what you can keep to get the amount from your various savings, passive income, company/business and other income sources you need to fund your post-active period. Your individual financial profile determines the most appropriate time to use certain types of income.
You will probably read a lot of advice, newspaper articles and other media coverage about the timing of your retirement and how to manage your income, but we would like to emphasize that there is no one-size-fits-all solution, which we of course discourage as much as possible, as compact box products may not be a realistic solution for this significant life cycle. Cooperation with us can help you to plan your needs, spendings and income and find the right solution.
Results
We understand that managing significant company/business and family wealth requires a reliable team of experts, who cooperate with you and people representing you. Smart Insurance Broker is a company specializing in comprehensive retirement and property management planning, providing solutions for companies/businesses (up to multinationals), individuals and families as well as certain institution h, including foundations who have very high net wort. Our team works with clients to advise and tailor strategies from our deep investment experience, diverse property management capabilities and global background opportunities. As clients’ needs evolve, this close contact allows the team to offer complementary services and new opportunities by exploiting the resources of Smart Insurance Broker and beyond.
Today, we serve a significant percentage of our customers across multiple products, exploiting the innovative design, disclosure of data, and other core capabilities to provide our clients with powerful tools and products whose value is based on their transparency and simplicity.
Our services for careful planning for Retirement
® Tax planning (creating deferred tax accounts for both owners and employees).
® Advice on managing debt – and other credit risks.
® Helping to cope financially in the event of the death of a spouse or close family member.
® Helping to cope with an unexpected financial crisis, for example in the event of serious illness, incapacity, possible liquidation or other unforeseen extraordinary event.
® Managing life changes – marriage or divorce and/or planning for the birth or adoption of a child – from the perspective of retirement.
® Choosing the right funding options
® Spendings and income – accurately calculating a retirement budget.
® Advice on managing large inheritances and other extraordinary income.
We tailor our services as carefully as possible to the client’s financial needs, including capital growth, (taxable or tax-free) income, and we balance it all. We represent only the interests of our clients and strive for the best commercial transaction, taking into account the quality of the service provided through our business relationships.
Our global market service provides high quality investment execution on listed markets, with real-time information, institutional pricing and liquidity.
