Investors expect to need at least $2m to maintain lifestyle after retirement
After a recent survey was conducted, the majority of Ling Capital clients have said that their primary reason behind investing is to ensure they can maintain their current quality of life after retirement.
- (1888PressRelease) November 19, 2015 - 74% of Ling Capital's clients' main worry was living beyond their retirement fund, with 20% worrying that they may get an injury or develop an illness that would deplete their finances. Only 4% were worried about inflation overtaking income.
Also, almost half of investors (48%) said that if they could start investing again, they would have done it sooner, with 37% saying they would have taken more risk. Only 9% of clients surveyed were happy with their risk inclination, and only 3% would have taken less risk.
"Given their ambitious retirement goals, it is very encouraging that the majority of investors are happy to sacrifice their finances now to ensure they are comfortable in the future." Said James Man, Senior Portfolio Manager at Ling Capital.
"Few investors, if any, sail through life without making mistakes. But investing too conservatively can pose even more risk in the long run. Over 56 percent of 25- to 35-year-olds believe they can reach their investment goals without investing in the stock market. People are very aware of the risk of losing their capital - not the risk of suffering a reduction of income, not sensitized to the risk of outliving their wealth. These are arguably more significant risks." He concluded.
Ultimately, retirement is a gradual process that involves some planning. Having the correct advice and guidance is invaluable.
Ling Capital in an independent financial advisory firm based in Tokyo, Japan. For any further information please visit www.lingcapital.com or email info ( @ ) lingcapital dot com. Alternatively, call us on +813 4520 9594.
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