Retirement

For most people financial success and independence means not having to worry about money in the future. It means living comfortably now whilst planning for costly events such as retirement, getting the children through college, and possibly helping them with a down-payment on a car or house.

For most people, financial success is having the ability to live life in a manner that suits them both now and in the future.

If you want to retire before 65, then you are going to need to achieve financial success and independence relatively early. According to many retirement planners, just to maintain the lifestyle you have right now, your investments should provide for around 75% of your current salary.

When do you want to retire?
What income you would like to receive in retirement?
Can you afford to retire?

The key factor to consider is what income you would like to receive upon retirement, what provision you have already made and weather it will be sufficient to produce your desired income level.

Kensington Consulting will guide you through the maze with a simple but effective analysis of your provisions and make recommendations based upon your circumstances, as every client is different with different financial planning goals, the recommendations and advice will be tailored to suit the individual client the result being a bespoke savings, investment or retirement account.

What are the first steps to achieving financial independence?
Your financial success and independence starts primarily with how much you invest, over what period of time and how well you invest. The sooner you start investing, the easier you will achieve financial security for when you retire.

Imagine you are 38 years old, and you invest in a well chosen investment fund, each 10 units of currency that you invest could be worth 1,380 units of currency when you retire at 65 (assuming average stock market growth). Take a 10 Dollar Bill (or currency equivalent) out of your pocket right now... and imagine how little it means to you now. Now imagine how much 1,380 USD will mean to you when you are 65.

Financial success and independence means having the freedom to do what you want, when you want to do it. Financial success is achievable by planning in advance astutely and wisely. Your Kensington Consulting advisor will help you to achieve your financial independence by investing and saving successfully, whatever your needs and goals.