Preparing Members For Retirement Emer Kirk About us Insert your - PowerPoint PPT Presentation

Preparing Members For Retirement Emer Kirk

About us Insert your logo here

Holistic Retirement Planning Insert your logo here

Determining the Income Requirement Clarity needed 3 – 5 Years’ from Retirement!! Insert your logo here

Income Requirement – Gross v Net Income Replacement Married couple one income Insert your logo here

Where is retirement income coming from? • State Pension • Income from personal assets, e.g. rental income, dividend income • Private Pensions – Defined Benefit Scheme – Defined Contribution Scheme Insert your logo here

A Structured Approach to Advising Members at Retirement Benefits from Defined Benefit Schemes Benefits from Defined Contribution Schemes Hurdle rate – the investment return needed to replace the Flexibility of Income income foregone Member’s health Estate Planning Spouse’s pension – is Market Falls, there one and will it be Income Falls sufficient? Insert your logo here

Cashflow Planning • Detailed picture of income projections • Gives context to help inform decisions • Highlights retirement funding shortfalls • Allows client map out different scenarios Insert your logo here

Understanding the Risks Insert your logo here

Longevity Risk Insert your logo here

Inflation Risk June 2000 June 2020 € 1,360 €1,000 4% Return 3% Inflation 1% Real Rate of Return Insert your logo here

Investment Risk Insert your logo here

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In conclusion • Ongoing Review - Retirement is 20+ years • Ideal for members work with a financial planner – 3/5 years out from NRA • Consistency & Continuity - Have a plan & stay on track • Financial Planner will provide clarity, confidence & direction Insert your logo here

www.harvestfinancial.ie ekirk@harvestfinancial.ie 01 2375500