Get your Retirement Ducks in a Row
Whether retirement is many years away or just around the corner, it is always a wise decision to plan ahead of time, ideally, and ensure you have a good understanding of how much money you will need to maintain your desired retirement lifestyle, and how much you will have to accumulate between now and then to achieve that goal.
Given advances in medical science, retirement represents a far greater proportion of our lives than before, so we all need to accumulate more whilst we are working to meet the extra costs of living longer.
Depending on how far you are along the retirement path, and where that path led you until now, it’s likely you will have various retirement pots in place potentially across different countries. It may be difficult to envisage how those retirement pots will eventually come together to generate income in a tax efficient manner.
We will help you understand your retirement plans, options, pensions and other retirement savings, and we’ll explore multiple outcomes prioritizing the strategies that are most likely to meet your goals. If retirement is some way off, we’ll analyse your current and potential future finances – assets, income, expenses - and help you get on track to where you need to be
Testimonials
"David Bojan has handled our Hong Kong Retirement Plan for the past 20 years with care and competence, resulting in excellent returns over the years and a growing income.
Following a bout of ill-health several years ago, I was able to relax knowing that David was overseeing and adapting our portfolio, which has weathered well the financial disruption in recent times."
Terrence Duggan, Retired Cathay Pacific Pilot
"With David's input and guidance, my portfolio has grown considerably over the past 10 years despite a very tumultuous few years of economic recession, trade wars and a worldwide pandemic."
Cornel Marais,
Secondary School Curriculum & MYP Coordinator at Beijing City International School
"David Bojan has massively improved the return on my CX Pfund – roughly doubled the value of the contributions so far.
I am regularly informed on how things are progressing and given clear, timely advice when I need to make decisions.
I trust David and his team at H Capital and would gladly recommend you do the same."
Wesley Jones, Cathay Pacific Airbus Captain
How much will you need?
After years of hard work, you want to be able to live out your dream retirement. It’s everyone’s goal. However, when your working years come to an end and your spending pattern inevitably changes, how much will you really need to cover everything in retirement. Conventional wisdom says you’ll need roughly 70-80% of what you currently spend.
As a rule of thumb, estimate your annual income requirement at retirement age, add inflation between now and then, and multiply that figure by 25. For example, let us say your estimate is an annual income requirement of US$100,000 p.a. at say age 60, multiplied by 25 that gives rise to a lump sum of US$2,500,000. That is broadly the amount of money you will need.
Hong Kong and Overseas Retirement Plans
H Capital is a licensed MPF Intermediary, which means we can establish MPF and ORSO schemes for employers and employees in Hong Kong, and also advise on the underlying investment selection.
We are, in addition, able to advise on UK Pensions/Transfers/QROPS and other multi-jurisdictional retirement plans.