Retirement Planning in JPM Wealth Management
Planning your retirement is an exciting time. You’ll no doubt have various aspirations for the future, but it’s important to have a proper retirement plan put in place. At JPM Wealth Management, our bespoke retirement plans are carefully tailored to your current financial situation and goals so you can make the most of your retirement.
Common retirement challenges faced by our clients
Planning for retirement can raise a number of issues, even more so if you’re hoping to make the most of your freedom through travel. Some of the common questions asked by our clients include:
How much income will I need when I retire?
When considering your ideal retirement income, you’re likely to need to meet your annual expenses for 25 years or more. Our planning process helps give you a clear picture of your financial future taking into account certain agreed assumptions based on your expected lifestyle and other factors.
What size retirement fund do I need?
Take into account the income you feel you would need, as well as any foreseen one-off expenses. Then factor for inflation between now and your life expectancy and take into account whether you wish to pass on any legacy. There are many things to consider when determining the size of fund you will need. Our advisers have the experience and expertise to cut through the math for you and estimate your required fund size.
How much money do I need to save or invest in order to reach my retirement goals?
Compare the income and retirement fund you require with your current financial situation. If your savings and existing pension do not cover these costs, we’ll help you calculate the difference and put plans in place according to your affordability to boost your funds and reach your goal.
Our approach to retirement planning
There are five steps to our retirement planning process:
Learn about you
To help you plan for a secure and comfortable retirement, we need to understand your current situation and vision for the future. We’ll ask you about your retirement goals, along with any concerns you may have.
Analyse the numbers
We’ll analyse your financial position and calculate any shortfall if it exists in your provision. We’ll look at your affordability and risk profile, then discuss your best options going forwards.
Create your retirement plan
We’ll then recommend a personalized retirement strategy and create your personal retirement plan. This often includes details on how to improve your financial lifestyle while saving and how best to manage your money during your working life.
Implement your retirement plan
When you’re happy with your personal retirement plan, we put it into action straightaway, so you can start looking forward to your retirement, having peace of mind you have a structured plan in place.
Ongoing reviews
Once your plan is up and running, we’ll regularly review it and take into account any changes in your personal situation to ensure your plan is working for you. We’ll make any recommendations along the way we feel are right for you, to make sure it fits in perfectly with your long-term goals. The experts at JPM Wealth Management are always on hand to provide advice, too.
Get in touch with JPM Wealth Management today to receive a complimentary planning assessment and find out how we can help you
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FAQs
Whether you want to retire early or at a standard retirement age, at JPM Wealth Management we work with you to establish your financial situation, future plans and any other factors that will impact on your retirement. This information helps us produce a plan that gives you a clearer idea of when you can retire, but the amount you invest each month will have a big impact on this
To help you plan for your retirement or elsewhere, we’ll ask you to tell us more about your plans for the future, including your retirement goals. We’ll then analyse your financial position and risk profile so we can consider your best options going forward.
Not at all. Our experienced teams specialise in creating retirement plans that involve personalised financial strategies. Our expect advisers understand financial markets and investing so you don’t have to, we take the worry out of your investing
No. We offer a complimentary financial assessment so you can decide if our services are right for you with no risk or obligation.
As with all investments, there is a certain degree of risk associated with investing for your retirement. However, as we assess your individual appetite for risk and tailor your retirement plan to suit the level or risk you are prepared to take. We’ll explain any risks before setting up your plan so you’re fully prepared.
Our clients come to us with a range of financial circumstances and the level of recommended regular contribution is always based on each individual client circumstances, but the minimum monthly contribution is USD$300pm.
Our retirement plans are designed for both Locals and Expats and are completely portable. If you choose to change location, you can take them with you.
You can invest in USD,GBP & EUR.
Your retirement costs are entirely dependent on your plans. As part of our service, JPM Wealth Management will help you establish how much you’ll need for day-to-day living, as well as additional funds you’ll need to achieve any retirement goals.
As you approach retirement it’s likely you’ll need lower-risk investments to preserve the money you have accumulated. As part of our retirement plans service, we will help you review your plan as retirement draws closer.
Your investment choices after retirement will depend on your personal circumstances. We have several options available at and post retirement which allow you to take all your accumulated savings as a lump sum or continue to invest while drawing an income. We would usually recommended a lower risk investment strategy after retirement. We’ll discuss your options with you as part of your JPM Wealth Management retirement plan review
When thinking about the future of your money, you may be considering a long-term investment to increase your legacy. This can involve creating a will or trust, which gives you control over where your money goes. As part of your retirement plan, our experts can help you consider your legacy options.