October 7, 2022

Robert Nico Martinelli on The Ways Via Which You Can Secure Your Retirement   

Read Time:2 Minute, 34 Second

Retirement is a phase in life where you settle down and enjoy everything you have attained and worked for. However, the issue is it takes years for you to save sufficient money. This is where smart planning is the need of the day, and you should take the expert opinion of specialists for the same.

Robert Nico Martinelli on the amount of money needed for retirement planning

Robert Nico Martinelli is an expert in the field of retirement tax planning and helps people enjoy a comfortable life after retirement. According to him, people should know how much money they need after retirement to meet their desired lifestyle standards. This is an obvious step that several people overlook.

What kind of retirement lifestyle do you expect?

This is a crucial question that you need to ask yourself as it will help you determine the sum of money you would need to save each month or in a year. Think of what you want to do after your retirement, and plan accordingly.

Life expectancy after retirement

Women generally live longer, on average, than men. This means that women can plan for more or less three years than men, who generally retire at 65 years. No one can predict how long they live; most people generally use 75 as their average life expectancy or the age of 65 years for females and males.

Annual withdrawals from the savings

Once you have determined the amount of money needed for the retirement. The following step is how much of that income you are to withdraw safely annually. Generally, the thumb rule is 4%. However, this rate of interest was chalked out several years ago when interest rates were higher. Today, it is not quite safe for people after retirement to withdraw over 3% of the total investment portfolio every year, even if they have decided to decrease spending later in their life or take a lump sum all at once for distribution.

Rates of return you expect on retirement investments

The average return on stocks since 1926 has been 9% as per the Ibbotson Associate’s Stocks, Bills, Bonds and Inflation Yearbook.

If you are making plans to retire in ten or more years, you have a chance of getting 6% returns during the lifetime of your retirement planning. On the other hand, if you plan to retire in under five years, you will be unlikely to earn the kind of returns required for retirement planning.

The risks you should accept

Make sure you are aware of the risks that are associated with your portfolio and manage them properly. If you are averse to your investment risks, it takes a long time for you to build the wealth you need.

Robert Nico Martinelli states that you should start early when it comes to retirement planning. In fact, if you have not planned for retirement yet, it is never too late for you to start now. Consult a good professional in the field so that you already have a secured financial future by the time you reach your retirement goals.

Happy
Happy
0 %
Sad
Sad
0 %
Excited
Excited
0 %
Sleepy
Sleepy
0 %
Angry
Angry
0 %
Surprise
Surprise
0 %

Average Rating

5 Star
0%
4 Star
0%
3 Star
0%
2 Star
0%
1 Star
0%

Leave a Reply

Your email address will not be published.

Previous post Nigeria Cocoa Processing Market  Size, Share, Growth, Structure, and Regional Analysis by 2021-2026
Next post Europe DNA Sequencing Products Market Size, Share, Growth, Industry Report and Forecast 2026