RETIRING SOON?
There are two questions we need to ask with regards to financial planning for retirement:
What will happen if I die earlier than expected?
What will happen if I live much longer than expected?
As you approach the retirement planning phase of your life, you have to adjust your financial planning roadmap to address the questions above. The fact that the period of time in your life of receiving a steady salary is running out, is often a cause of concern (click below to do the “remaining pay cheque” calculation). Prioritising current needs versus future needs becomes a balancing act. Some of us are also faced with having financially dependent children and parents on our budget sheet. This often increases the feeling of being overwhelmed.
Building a trusted partnership with an accredited financial planning company will play an important role in securing you and your family’s financial independence.
The challenges that pre-retirees often face:
- A multitude of opinions and “free advice”
- Feeling that it is too late to change your retirement provisions
- Debt at retirement
- Dependents
- Misinformation
- Limited support
- Post-retirement medical costs
- The impact of inflation on retirement income
- Worrying whether your spouse and dependents will be financially secure should you pass away
Adfinity Financial Services is an independent, accredited financial service provider that has been operating in the retirement market for over 26 years. We currently manage over 1 200 clients’ financial roadmaps via a team of qualified advisors and dedicated administrative staff. We offer independent, integrated financial strategies to help you address your retirement challenges.
We will put a clear pre- and post-retirement plan on the table for you, making provision for more than one scenario to accommodate the possible changes that you might experience in the future. You will be securing the lifestyle that you and your family deserve and ensuring that they are financially taken care of, even when you are no longer there.
Click here to read more about the process we follow to create a workable plan for you.
CONNECT WITH US
For your convenience, we offer you a variety of options to engage with us, which ranges from a visit to our office or phone us, to making use of technology such as online meeting platforms, e-mail and WhatsApp. Click here* to view your options.
GAIN KNOWLEDGE
It is important that you gain someknowledge about the retirement decisions you will have to make. This will empower you to make informed and confident decisions.
Important aspects of retirement planning that require some knowledge, are:
- Understanding retirement products>
- Tax planning (pre-and post-retirement) and
- Basic investment principles.
- Setting income and capital goals (taking your dreams for the future into account).
Adfinity offers a retirement planning workshop that empowers you to become an informed retiree. The workshop is free of charge and offers clients insight into the daily challenges that retirees face.Click hereto see the Workshop Topics.
KNOWLEDGE WILL ENSURE INFORMED DECISIONS
Gaining knowledge will empower you to make informed and confident decisions.
It is important that you to gain some knowledge about the retirement decisions you will have to make. Areas that you need to gain knowledge in, are:
- Understanding retirement products
- Tax planning (pre and post retirement) and
- Basic investment principles.
- Setting income and capital goals (taking your dreams for the future into account).
Adfinity offers a retirement workshop that empowers you to become an informed retiree. The workshop is free of charge and offers clients insight into the daily challenges that retirees face. (POP UP). Click here to see the Workshop Topics.
Take your first step towards ensuring your financial security during retirement: Contact us today on info@adfinity.co.za.
REPORTING & REVIEWING
We make sure that we regularly review your financial planning roadmap to ensure that it stays relevant and provides for any changes in your circumstances since your previous portfolio review. Review meetings take place during a pre-determined month, as per your agreement with you the Service Level Agreement document. By making use of an integrated CRM and advanced financial planning software, we generate a consolidated portfolio feedback report for you that also covers different planning scenario options.
TRANSACT WITH US
We support a transaction platform that offers paperless solutions. This contributes to reducing our carbon footprint.
You can transact directly with the product provider or let us do the administration for you. Click here to read more about the transaction methods we offer.
OTHER CONSIDERATIONS
Creating a sustainable post-retirement strategy goes beyond financial planning. This phase of life will affect your very being and every aspect of your life. As the one area on which you spent most of your time – business and career – falls away, you have to re-balance the allocation of your time, energy and money.
Click here for a Retirement Time Allocation Assessment of the various aspects of your life that may be of value to you. Assess your situation, and if needed, consult with an accredited life coach to help you with the transition.
We will start by formalising a workable plan for you, with clear goals that can be measured.
To enable us to provide you with the most effective financial strategy, we must know as much as possible about your current financial situation. When you set up an appointment with us, we will ask you to complete information questionnaires such as:
- Personal information sheet
- Personal budget sheet
- Personal risk assessment (Evaluate your risk appetite with regards to investing)
- A list of your current and future assets & liabilities
- Personal saving and investment assessment
All your personal information will be treated in the strictest confidence, according to POPI legislation.
To view our POPI Policy, please click here.
Schedule a consultation with one of our advisors to discuss our recommendations, set goals and formalise your financial plan. Your consultation with an advisor can be in person, or via an online platform (MS Teams/Zoom/WhatsApp).
Click here for detailed information about all the communication options we offer.
The meeting agenda will review the following:
- Current income and balance sheet
- A debt reduction strategy if applicable
- Your current products and underlying funds
- Scenarios on different outcomes on retirement (different retirement dates)
- Current tax strategy
- Current will and estate planning strategy
Based on the outcome of your consultation, we will agree on the most suitable implementation management strategy for you. Adfinity will take care of all product and fund due diligence and take joint ownership with you of implementing and monitoring the performance of the chosen strategy. We will provide you with regular reporting consultations.
We will schedule regular review appointments with you to ensure that your strategy remains on course and makes provision for any changes that may occur in your circumstances.