Ten Years to change your life…
Hey guys,
If I could show you a simple and guaranteed way of securing your pension within just 10 years? You’d be interested wouldn’t you?
Well there is a way… But before I get onto it let’s deal with one big issue – I cannot guarantee it by any stretch and the sooner you realise that the only person who will ever be able to guarantee anything is you. Run for the hills when people make financial guarantees for the future. In my experience most of these type of people and companies are bust long before their false guarantees would have paid.
Now before I talk about the simple 10 year plan to secure your pension and retirement, let’s look at the way most people have been conned into.
Most people contribute into a pension fund their whole working lives with the expectation that it will provide for them in retirement. They totally believe that it will provide because this is what the big pension companies and governments have told them (or forced them) to believe.
In truth the big companies and governments make millions out of the pensions funds and in the case of big companies they always take their commission out as your money enters the fund, then again on an annual basis and then again when you take it out, transfer to another investment and finally if there is anything left they will take a performance bonus.
Let me put that in numbers… These numbers are fresh off a Panorama special that was done on ‘Why is my pension not working’
For every £100 into your pension fund what really that ends up being invested is £60-£70. So what this actually means is that this lower amount needs to grow above the £100 before you will make any money at all. At 10% a year growth that could take 7 years. This is just to return to what you put in let alone giving you a return that will fund you in retirement.
Its no wonder this simply isn’t working, the first thing is that consistent returns of 10% well they just aren’t achieving this and then finally when you do retire the govenment force you to buy an annuity which will pay you 6% (I am being generous) a year on your money. If you’re a girl it will be even less because you tend to live longer.
So I think you are starting to get a picture… Pensions whilst being an admirable strategy just aren’t providing what they set out too.
So what’s this 10 year simple plan to secure your retirement.
Well err…. A Residential Property Portfolio…
You see when I see people who choose to buy property I see a totally different result, I see people who after say 2 to 5 years have money not only in retirement but for everyday lifestyle, their kids go to good schools, they drive round in safe cars (they’re the ones that aren’t so old you have to wonder if it will start each morning).
A property portfolio actively built up over a period of 10 years, bought well using simple and time proven strategies will provide a handsome sum each and every month in retirement, what’s more is you don’t have to sell the asset to retire, you can pass it on through your estate, in property both the value and the rent keep up with inflation so your income won’t wither away no matter how long you both life.
Above all of this building a property portfolio just sits well with me as you are in control, you make decisions when to buy, sell, remortgage.
Best of all, and this will keep the FSA happy, you can do this as part of a diversified strategy. So you can do your pension fund AND build your property portfolio. In 10 years once the portfolio is built you can compare the two and see which truly was the best strategy.
I am sure you’ll be delighted with the results.
If you’d like to get started on your portfolio then give the team a call on 0207 812 1255 or directly on their mobiles.
Live with passion,
Brett Alegre-Wood
