Is there a need to create regular income for yourself in retirement?

Mr. Xavier Chan, the Founder and Managing Partner of CWK Global, and Mr. Ray Lee, Vice-Chairman of Hong Kong Accounting Professionals Association, monthly share their views towards financial planning on “Privilege Vita”.

Despite the fact that civil servants no longer enjoy retirement benefits like pensions, it is still regarded as a great job by graduates due to its comparatively higher stability and sense of security. Thus, the number of candidates keeps increasing every year, all hoping to secure the job which youngsters value as stability. On the contrary, many retirees tend to put their provident funds on high risk assets, or still have speculative investing, which is inexplicable.

When starting to plan wealth management for retirement, what you need to do is to understand your needs, followed by putting your customized scheme in effort. Although pensions are no longer available now, we can still achieve similar results by early starting to manage your financing approach that favours stability. Annuity plan, undoubtedly is one possible way.