How much is enough?
When it comes to planning for retirement and providing advice to clients about their financial future, this is a question you’ve no doubt heard before.
We think that having the peace of mind to know how much money you can safely spend each year after you decide to stop working is every person’s right. We also believe that deciding to leave work and pursue quality time with family, travel goals, golf, or whatever a person wants to do, should be met with confidence and joy.
For too many people, the question of “how much is enough” means they face retirement with uncertainty and trepidation, despite having a decent amount of wealth. Your clients are familiar with lump sums: how much Superannuation they have, the value of their home and other assets, perhaps even their net worth. But for many people, big numbers are hard to reconcile with an exercise such as budgeting for your life post-work, particularly when it comes to the unknowns around life choices, markets, and health.
We’re solving that problem. We’re thrilled to introduce Jubilacion, a division of Apricot Actuaries that helps people understand exactly how much money they have each year in retirement. As Actuaries, we love complex maths and models. We’ve devised a process that removes the guesswork for your clients when they want to know how much money they can safely spend each year when they stop working and live the lifestyle they choose.
Questions we can answer:
Approaching Retirement (planning to retire in 1-10 years)
- Have I saved enough to retire now? What about earlier/later?
- What if I work part time for a few years?
Accumulating (planning to retire in 10+ years)
- Am I saving enough?
- What lifestyle can I expect in retirement?
- What can I do to retire earlier?
- Do I have enough to last my life expectancy?
- If so, can I purchase a holiday home/leave a bequest?
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