Monday, 7 December 2015

"Baby boomers" do you have your finance sorted?

Populations are ageing across the world, according to demographic data. The post-World War II ‘Baby boomer’ generation – is now entering or approaching retirement.

While they may think to be having secure retirement plans, the reality of the situation is far more challenging. The first priority for most people will be financing their own retirement with an income they can live off to replace their salaries. As people can now expect to live longer, they need to be sure their investments are suitable to provide for this. In addition, many people will have an important second objective of preserving capital in order to leave their wealth to their dependents.

With interest rates unlikely to rise dramatically in the near future, income returns on assets such as government bonds and cash deposits remain at historic lows, and in many cases below the rate of inflation. The focus is likely to be on dividend-paying equities so investors may have the comfort of an attractive income stream in an otherwise low-return environment, and provide a shield against inflation.

If you are entering retirement or considering what you would do for an income in retirement, please visit our website or contact one of our experts for more details.

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Just Service Hong Kong is a member of the Hong Kong Confederation of Insurance Brokers in Hong Kong, transacting Long Term (including linked long term) Insurance business. Nothing in the comments above should be taken as offering investment advice or making an offer of any kind with regard to financial products or services of any kind. It is therefore important to reinforce that all comments above are designed to be general in nature and should not be relied upon for considering investment decisions without talking to licensed advisers.

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