Are you prepared for Retirement? Have you thought about the quality of life you would like to experience during your retirement years? If you have been financially independent for the majority of your adult life, then it would stand to reason that you would want to maintain it in retirement.
If you are self employed or currently not a member of an approved retirement plan and not a member of a pension plan, let us support you through our fellow Victoria Mutual subsidiary Victoria Mutual Pensions Management Limited to create an Individual Retirement Account (IRA) that:
- Takes into consideration your age and risk profile and helps you to understand what you will need to live comfortably in retirement
- Offers significant tax advantages (NB. Taxation laws are subject to change from time to time without notice)
- Is flexible and portable
- Helps you to determine the income you will need in retirement
Your retirement nest egg depends on three important factors: how long you contributed, how much you contributed and the level of investment returns.
Victoria Mutual Pensions Management Limited is the only independent pension provider in Jamaica and has built a strong track record in the delivery of pension services spanning investment management, administration and consultancy.
I already have a pension plan, but will that be enough?
Will your plan allow you to live comfortably?
If you are already a part of a registered pension plan, let us sit with you to determine if the plan will be sufficient for you to live comfortably in retirement. Your VM Wealth Advisor will create an investment strategy, not inclusive of an Investment Retirement Account which cannot co-exist with a pension plan, that will supplement your existing plan from a combination of bonds, fixed income and long term tax free investments.
Get started today – do not gamble with your retirement!
Start Planning Early
If you are over 18 years and employed, it is never too early to start planning for your retirement. The earlier you begin, the less you have to outlay. Speak with a VM Wealth Advisor today about the benefits of starting your retirement plan early, maximization of your contributions and how to ensure that your returns outperform inflation.
Note that an Investment Retirement Account, only applies to individuals who are not members of a pension plan.