5 areas to plan my future for retirement.

I have been getting people asking me what they can do to plan their future, especially when it comes to retirement planning. So here are some broad scopes of how you can plan.

5 areas of planning for retirement.

🔥 Insurance planning

Most people will generally be healthy but you never know when an illness or accident can throw a curve ball at you. There is a phrase in Chinese that says you can die but you cannot fall sick because the medical costs – related and unrelated can wipe out your wealth. Plan early to reduce costs.

🔥 Investment planning

Inflation does not affect you in the short run, but over a period of time, it can erode your spending capability. Growing your wealth systematically in a sustainable way is critical, so use CORE strategies to ensure peace of mind and higher expected returns.

🔥 Tax planning

Taxes are getting higher throughout the world due to COVID and high government spending. The mass affluent will be the ones most badly affected by this. Do you know that your investments can be eroded by taxes as well, if not planned right?

🔥 Debt planning

You should be reviewing and looking into your loans. Minimize the use of debt. Debt is a double edged sword, if used inappropriately, it can cause lots of emotional stress. We have seen wealthy individuals who drown in debt.

🔥 Estate distribution

Eventually all of us will no longer be around. So it is important that we leave and ensure minimal costs, confusion and conflict for the surviving members of the family. Assets that are illiquid like properties and businesses are the ones that cause the most conflicts. So we help redesign the portfolio to maximize efficiency and simplify lives.

The above is just a broad base way to look at it but everyone person has either a pain point or a dream to do something special. We listen and try to understand what it is that you really want so that you get the best out of your life!

Reduce your risk and stress. Plan your dream life. Spend your time focusing on what passions you have in life, get peace of mind.