Retirement Planning
With people living longer, it’s never been more important to have a plan in place that will provide for a lengthy retirement as well as medical and long-term care costs. The earlier you start planning and saving for retirement, the easier it will be to create the retirement you want and deserve.
How much do you need to retire?
Establishing how much money you will need in each year of your retirement is the base of retirement planning. Our retirement calculator below will tell you the size of the retirement fund you will need to maintain your chosen lifestyle and indicate your current retirement shortfall.
- Online access to your investment portfolio which is updated on a daily basis.
- Monthly valuations emailed to you.
- Monthly market commentary on current market conditions and market outlook.
- Quarterly reviews, detailing performance of your portfolio for the previous quarter and also since inception.
- Quarterly rebalancing in line with your risk profile and changing market conditions.
- Access to the Portfolio Management team and independent research.
- Investment alerts when holdings deviate either up or down from original values.
- Stop losses in the event of increased volatility.
- All administrative services that Platinum provides in the management of your ILAS portfolio.
*All examples in Platinum Financial Services Limited Retirement Calculator are hypothetical and for illustrative purposes only. This illustration is based on today’s monetary terms and does not assume any inflation or investment growth.
This calculator is designed to give you an approximate retirement shortfall and an indication of how much you need to save each year to meet your goals. Accordingly, the results are not intended to provide financial advice. We do not guarantee the accuracy of the results or their applicability to your individual circumstances.
How can you reach your retirement needs?
Once you know the size of your target retirement fund, you should explore different savings and investment options to help you build and achieve it. Nobody wants a situation whereby they outlive their retirement fund and have no income in the last few years of their life. A good tip is to have multiple assets working towards providing you with retirement income, such as savings accounts, more sophisticated investments or property investment.
There’s no time to waste
Each year you delay saving for retirement, the increase in the amount of money you need to save is double. It increases because you have 1 year less to save for retirement, and because you have now lost 1 year of (potential) returns.
How Platinum Financial Services can help
We want you to lead the happiest and fullest life in your retirement, which is why we are there to support and advise you on planning, budgeting, and choosing the right strategy to fund your retirement.
Protect Your Savings
In case of a sudden illness or accident, you don’t have to utilise your savings to pay the high price for medical treatment. Surgery and room costs in Hong Kong’s private hospitals can easily reach US$100,000 for major heart disease and cancer. This can be covered by the insurance plan, should you have coverage in place. Your savings should be used for their intended use, such as buying a home, funding your children’s education and retirement.
ANDREW CASE STUDYThe cost of quality healthcare is at a premium. We have close partnerships with market-leading international healthcare insurance companies that offer sustainable products making sure that we can match the required level of cover to your budget.
We don’t charge you for our services, so premiums are the same as going directly to the insurance company. What you get is advice on the plan’s benefits and coverage limits that make sense to you and your financial situation.
Don’t leave your financial future to chance.
Contact Platinum Financial Services to help you through your financial journey.
