Pension
Do you have what it takes to retire?
Retirement is more than just the end of your working life, it’s the beginning of a new chapter filled with opportunities, freedom and personal goals. To truly embrace this phase of life, it is crucial to plan for it financially. At Wealthique, we help you prepare for retirement not only as a financial objective, but to ensure peace of mind and financial independence.
What is retirement planning?
Retirement planning involves setting financial goals for your post-employment life and taking steps to achieve them. Whether you want to maintain your current lifestyle, travel the world or supporting your family, a robust retirement plan ensures that your ambitions align with your financial resources.
Surprisingly, we see a large number of individuals are unprepared for retirement. According to recent studies, about 69% of unretired individuals over 50 have done little to no financial planning. Leaving retirement preparations to the last minute can create avoidable stress and limit your choices, especially given the rising cost of living and economic uncertainties.
With a carefully planned pension strategy, you can stay away from these risks, optimize your savings, and ensure your financial health in later years.
Different pension schemes
Understanding the different types of pensions is key to building a robust retirement strategy. Broadly, pensions can be categorized into state pensions, workplace pensions, and private pensions. Each type has its own benefits and limitations, making it important to tailor your choices to your individual circumstances and goals.
- State Pensions: These are government-backed schemes providing a basic level of income in retirement. Whilst reliable, they often fall short of meeting the full financial needs of retirees.
- Workplace Pensions: Offered by companies to their empolyees, these schemes are a convenient way to build retirement savings, often including employer contributions that enhance your overall pension pot.
- Private Pensions: These include personal pensions funds and SIPPs, (Self Invested Personal Pension). This gives people more control over their investments and the opportunity to choose their own assets.
Self-Invested Personal Pensions (SIPPs) are particularly appealing for those seeking flexibility and control. With SIPPs, you can choose from a wide range of investments, including stocks, bonds, and real estate. This way of planning is ideal for high net-worth individuals and entrepreneurs looking to create a customized retirement strategy, that aligns with their overal financial objectives.
Retirement for entrepreneurs
For entrepreneurs, the path to retirement comes with its own set of unique challenges. Unlike traditional employees who may benefit from workplace pension schemes, entrepreneurs are often responsible for establishing and managing their own retirement savings.
One major challenge entrepreneurs face is the tendency to reinvest all profits back into their businesses. While this can fuel growth, it also creates a vulnerability if the business’s value fluctuates or if an exit strategy doesn’t go as planned. Additionally, the lack of a steady paycheck could complicate the process of consistent saving.
On the other hand, entrepreneurs have unparalleled opportunities to structure their finances in tax-efficient ways. With the right advice, they can integrate pension contributions into a broader wealth management strategy, optimizing both their current and future financial positions. What we see oftentimes, is that the entrepreneurial spirit that drives the business, can also be channeled into building a diversified investment portfolio, which will provide growth and stability later on.
Retirement planning with Wealthique
At Wealthique Global, we specialize in helping high net-worth individuals and entrepreneurs build sustainable retirement strategies. As part of our solutions, you can expext:
- Quarterly portfolio reviews with expert advisors.
- Tailored strategies for tax-efficient pension management.
- Access to exclusive funds and investment opportunities.
- Estate planning guidance to preserve your legacy.
With our proactive planning, your pension is not just a financial tool but a gateway to your desired future.
The first step towards retirement
Starting your retirement planning early is one of the most effective ways to secure a comfortable and worry-free future. The earlier you begin with saving and investing, the longer your money can grow with the power of compounding. Even small, consistent contributions made in your 20’s can grow to a significant amount by the time you retire.
Whether you are just thinking about retirement, or need a comprehensive review of your existing pension, our team is here to guide you. Don’t leave your future to chance, speak with a wealth manager today and take control of your financial destiny.
Get in touch
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About Wealthique
At Wealthique, we understand like no other that the cornerstone of generational wealth is effective tax planning. Without a solid foundation in managing taxes, building wealth becomes an uphill battle. Because if you are losing a large percentage of your income to taxes, it is impossible to grow or compound your wealth effectively.
Our wealth management approach follows the PEPSI-model: Protection, Emergency, Pension, Saving and Investing. Experience has thaught us that this significantly increases the chances of achieving long-term financial security.
Peace of mind is the number one priority for our clients and their families; peace of mind that you comply with international regulations, your savings keep up with inflation, your retirement is financially secure and that your loved ones are cared for when the time comes.
Wealthique provides you with the neccessary guidance to build and preserve generational wealth, so can you to focus on what matters most: living your best life
Our people
Michael Borm
Senior Wealth Manager, Founder
From pro-athlete to finance professional, Michael has competed in both fields. As the founder of this boutique, Michael is here to oversee the full holistic financial planning for our high net-worth clients in the Middle-East.
Dirk-Jan Willems
International Tax Lawyer, Partner
With over 20 years of experience at multiple Big Four firms, including Deloitte and KPMG, Dirk-Jan now brings his expertise in tax planning to the Wealthique. Dirk-Jan is here to help our clients minimize their tax-burden and secure a legacy.
Jerry A. Thomas
Mergers & Acquisitions, Associate
Jerry specializes in Corporate and Commercial law, with a particular focus on national and cross-border Mergers & Acquisitions, joint ventures, corporate restructurings, and commercial agreements.
Jessica Coldera
Admin
Jessica oversees our administrative operations and support across all facets of our wealth management and advisory offering.
Our solutions
Protection
Secure your wealth for generations to come. Many affluent families overlook insurance, thinking they are too young, healthy, or bad things just never happen to them. In reality, professionally structured insurance is a vital safety net, particularly for expat families. Let us help you safeguard your financial legacy
Pension
Are you ready for retirement? Pensions are the cornerstone of any retirement plan, offering a tax-efficient way to save for your future. Regular pension reviews with one of our experts, ensures your strategy stays on track, giving you confidence as you approach retirement age.
Saving
Plan your future, start today. People who recognize their financial needs early, have more chances to manage their finances the right way and reach their goals at a lower cost. By saving and investing now, you will be able to get what you want later on. Without compromising your financial future.
Investments
Tailored investment strategies designed just for you. We invest on a discretionary or advisory basis, in partnership with leading private banks and global institutions, to deliver a personalized approach across all asset classes. Your investments, aligned with your unique goals and circumstances.
Private Equity
The success of your ventures can be highly dependent on your compliance with ever-evolving legal and tax regulations. Our expert teams in the Netherlands, UK, and UAE specialize in structuring ventures and advise on the most complex and challenging equity structures.