The average life expectancy is increasing all the time, but many of us aren't making the necessary adjustments to our pension planning to accommodate for life beyond work. The mandatory pension contributions in Switzerland only make up 40% of the average salary. As such, seeking out guidance can help to ensure that you're prepared for a longer life during retirement, maintaining a high quality of life even when you're no longer working.
The prospect of having to plan for such a long future can be daunting, but by asking yourself the right questions, and planning effectively for that future will go a long way towards achieving some peace of mind, not just for you, but for your family, too. It's always a good idea to start this planning early.
There are a number of necessary considerations when planning for life after work. How will you ensure you're able to pass on your wealth to your loved ones? Have you taken the necessary steps to ensure you're able to live a high-quality life without working?
In many jurisdictions, there are a number of taxes that can considerably impact the wealth that the next generation receives after your death. There are ways in which you can minimise this impact and ensure that your loved ones continue to be looked after.
Many of our clients invest a lot of their time ensuring that they donate to a number of charities that are important to them, and wish to continue these donations long into retirement. Have you thought about how you can continue in your philanthropy?
Planning for retirement alone can be overwhelming - particularly when you have so many more years to look forward to - and it's hard to know where to start. Our experts at Belgravia Wealth Management SARL can work with you to put together a comprehensive plan that will go towards ensuring life after work is everything you hope for.