How to retire when you want

For many people retirement is a really exciting time. It may finally be the chance to see more of your grandchildren, family and friends or the opportunity to get out and see the world.

The introduction of Mandatory Provident Fund (MPF) schemes have made more people aware of their financial needs in retirement. To ensure you enjoy the retirement you've always wanted, you need to understand what your own retirement needs will be, particularly, when do you want to retire, to develop a savings plan with that in mind and then put it into action.

How will you fund your retirement?

Your generation is living longer and therefore spending more time in retirement than ever before. Depending on when you retire, your savings may need to last up to 40 years or more and over that time it needs to beat rising inflation and meet your changing needs. To meet this challenge you can either delay retirement in order to accumulate the necessary funds - or you start saving earlier. Either way you should speak with an ING Financial Advisor today.

ING Financial Advisors can assist you with a sophisticated retirement solution that can provide a guaranteed retirement income. They focus on long-term planning - so you get to choose when you retire. Remember, the earlier you start, the longer you have to grow your wealth, and the greater the guaranteed amount available to fund your retirement.

Did you know?

The Hong Kong population is ageing. At the end of 2006, 12.5% of the population was 65 or older. It is forecast that in 2016 and 2033, the percentage will be 14% and 27% respectively.
(Source: Hong Kong Council of Social Service)

Act now - so you can retire when you want to, not when you can afford to.