Life Insurance Vancouver | Plan for Inflation
Thomas Chan is your financial advisor to help you with choosing the right life insurance Vancouver products. He knows that the taxes are the single biggest expense to families since the 1960s. This is why he uses life insurance Vancouver to help protect your income and also grow it. He knows how to use the Life insurance Vancouver to protect yourself so that future generations will be well taken care of. When you come in for an appointment with Thomas Chan he will sit down with you to help you come up with a plan for your retirement. He wants to help you have a better mindset and a better life.
There are many myths that people believe around retirement and so the first thing that Thomas does is uncover those and share the truth instead. Many people think they will still work well into their old age. This is not a foolproof plan when it comes to how to retire. You may not be able to work as much as you want and your health may not remain the same as it is now. In fact it likely will not. Another thing to consider is that technology changes drastically in short periods of time.
The work industry changes along with that and you may be expected to keep up with that which could prove to be hard to do as you age. Your spouse is not the one who should be taking care of you in your retirement. The income levels are probably unbalanced between the spouses and you will have no idea who will be able to keep working well into that age.
If it is the one who makes more money then it might be an advantage but it may not be the one who makes more money and then you will be much poorer than you expect. The plan is to not be poor when you retire. Another thing to keep in mind is that the divorce rate is 40% and you may not actually be with your spouse when it is retirement age.
Expecting your children to take care of you in your retirement age is a poor way to plan for retirement. They will likely have financial struggles of their own and will not be able to carry your lifestyle as well on top of that. Plus expecting others to carry you at that time in your life is not having the best mindset either.
You may think that you do not need that much money when you retire but due to inflation and taxes and unexpected healthcare costs you need to plan for extra rather than being poor in your retirement. The goal is to be vibrant and abundant in the retirement phase of your life. Another thing to keep in mind is that 82 is the average life expectancy age. When you sit down with Thomas he will help show you how you can have your money outlive you so that you can do what you need to do that but so will future generations.
Life Insurance Vancouver | Working Is Not Retirement
If you are looking for a great financial advisor to help you with your life insurance Vancouver needs then Thomas Chan is your man. He helps you to build a better mindset and a better life. Taxes are the single biggest expense that families have had to endure since the 1960s. This is why Thomas Chan wants to help you protect your wealth and build it with products such as life insurance Vancouver. He is even great at sharing the secrets of the taxman does not want you to know.
By using the right life insurance Vancouver he can help protect you and your money from taxes so that future generations will be well taken care of.
Many people Falsely think that they will still work well into their retirement age. This is not a great way to look at how to retire. Depending on your job you may not be able to stay in the workforce because technology is always changing and getting more complicated. As we age it is harder to learn these new things and How it changes the workforce. Something else to consider is that you may not be able to work as much because of health issues in your later years.
Thinking that your spouse will be there to take care of you is also poor town retirement planning. The income levels between spouses are unbalanced at best. The one who makes more money may not be the one who is still working after retirement age. This is not something you should count on to retire. Something else that is shocking and needs to be considered is that the divorce rate is over 40% and therefore counting on your spouse being there to support you is risky as well.
Expecting your children to take care of you is not a good way to plan for retirement. Your children will likely have their own financial struggles that they need to deal with and adding your expectations on them is not a foolproof plan for retirement.
You might think that you do not need that much money when you retire but this is also poor planning for retirement. You do not want to plan to be poor. You will want to consider all of the things that come into play at this stage in your life. The inflation will be higher, the taxes are still expected to be paid and you might even have some unexpected healthcare costs. These are just the general things to look out for when deciding how much is needed for retirement. Another thing to keep in mind is that 82 is the average life expectancy.
This is the age you want to plan up to but you may live even longer than that. Thomas Chan can help you make your money outlive you while still living a vibrant and abundant retirement lifestyle.