Official Social Security Site To Retire

There is currently a pension crisis in many parts of the world, with those close to retirement facing the prospect of having to stay at work or retire with a less than adequate pension income. The fact is that pension deficits are growing and surpluses are shrinking.

The other problem is that people just aren’t saving enough for retirement. 63% of Americans openly admit they don’t save enough and in the UK estimates show that 46% of the nation’s workforce is not even contributing to a pension plan.

Even if you were saving for retirement, pensions and savings require a great deal of funding to generate the kind of lifestyle you might have become accustomed to.

Imagine you’re a 30 year old US citizen who’s earning $30,000 a year. Let’s assume you want to retire aged 65 earning $30,000 a year. If we presume you’ll live for 30 years post retirement, you’d need to set aside almost $1.19 million by the age of 65. To do that you’d need to make an annual pension contribution of $20,000 per year. Is this possible on a gross annual income of $30,000? Almost definitely not!

What is the alternative to a pension? I believe that property is the best investment for many people’s financial future.

Firstly it’s one of the best ways to create assets, which over time can help you to create a passive form of income that you can live off in your retirement. In fact building property assets is the most powerful way of creating a wealthy retirement.

Secondly property gives you more control over how your money grows. You can decide what to do with your equity and you have far more choices as to how you can personally affect the value of your assets.

Property also gives you more buying power. You can use your capital to buy assets worth much more than the original capital investment with the help of a mortgage. You can then use any equity built up in your property to buy more assets and create more wealth.

Finally pensions only provide capital growth, whereas properties also give you the increase in rental value over time, giving you increasing amounts of passive income.

Property is definitely the “pension plan” of choice for me and one of the reasons I left conventional financial advising to help anyone build a secure financial future and a new type of pension’s fund that can truly provide a wonderful retirement.

Best Wishes

Clayton J.Moore