OUR SERVICES

Having the opportunity to work in the US and PR has given us the opportunity to gather experience in different markets, each of which addresses the subject of retirement with varying levels of commitment. For example, one sector takes retirement very seriously, and begins planning for it from the start of their career. Retirement savings sits at the top of their budget, so employees—typically fixed-income employees—will set aside a fixed percent from every dollar that is earned. Below you will see an example of a positive retirement scenario:

On the other hand, there is another group whose income varies; these are usually independent professionals. Since their income varies, their contributions do as well, and when those contributions don’t occur this has a negative impact on their goal to reach the required retirement funds.

Finally, the last group simply has $0 in savings set aside towards this financial objective. This could be due to a variety of different reasons: retirement might seem too far away, for example, or the individual feels as though there are more important things to pay for. This unfortunate situation will eventually create a huge financial burden on the immediate family members who will be forced to step in and provide some type of financial support—which, as we know, is an increasingly rare occurrence due to the rising costs of living. Below is the last projected sample, which shows a much higher deficiency since there were only Social Security income sources:

To be able to retire ought to be an objective of every person, so our duty is to provide the guidance on the types of financial instruments that will best meet your needs and objectives. Believe us, not prioritizing retirement planning in your budget will only work against you, because when you are finally ready to start saving, chances are you will not have enough time to capitalize. Our advice? Start today!