Retirement Planning
Many countries are now coming to grips with an impending pension crises. With fewer and fewer workers to provide support for more and more retirees (which is how many state pension plans work), it compels individuals to make sure they have taken the steps to ensure they will be able to maintain their current lifestyle once the no longer receive a paycheck.
The idea of the "golden watch" pension, defined benefits, is becoming a relic of the past. More and more employers are moving away from defined benefit plans in favor of the defined contribution plan. Defined benefit plans are complex and very costly for the employer to maintain. Employers must maintain an account for the plan and decide the investments to keep the account growing to satisfy maintain their promises. In addition, what if the company you work for for 20 years would be taken over...there are no guarantees on your pension then!
At CGS we work together with out clients to ensure a sound plan is put in place to help secure a level of income at retirement which will not decrease the lifestyle you have become accustom to. CGS can help you take the steps to arrange a personal plan to ensure your long-term security and provide ongoing financial service to make sure you stay on target.
The idea of the "golden watch" pension, defined benefits, is becoming a relic of the past. More and more employers are moving away from defined benefit plans in favor of the defined contribution plan. Defined benefit plans are complex and very costly for the employer to maintain. Employers must maintain an account for the plan and decide the investments to keep the account growing to satisfy maintain their promises. In addition, what if the company you work for for 20 years would be taken over...there are no guarantees on your pension then!
At CGS we work together with out clients to ensure a sound plan is put in place to help secure a level of income at retirement which will not decrease the lifestyle you have become accustom to. CGS can help you take the steps to arrange a personal plan to ensure your long-term security and provide ongoing financial service to make sure you stay on target.
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