Decisions That Need To Be Made

The most sensible solution would seem to be finding a safe harbour to anchor your retirement investments so that you can move from country to country as necessary without this having any negative impact on your assets.

However, if you decide to do this you need to decide exactly where that safe harbour should be.

Offshore financial centres present a viable solution - especially if you are undecided as to your eventual retirement destination. Basing your pension investment offshore should mean that future movements of capital or income are not impeded.

What To Be Aware Of

Your own personal circumstances are unique.

Be realistic about how much you should be contributing.

Consider charges bonuses and flexibility of any investment plan - generally more flexible plan more charges will be.

Know that a good offshore retirement plan should allow you to do following without penalty:-

1Reduce contributions without penalty (normally after an initial period of one to two years). 2Switch investments between different funds to respond to changes in market. Preferably including funds managed by other people outside of institution zone. 3Have option of retiring when you want to without penalty. 4Allow certain access to monies invested (again, after an initial period). How to Find RIGHT Solution

Finding out what each provider's best products are currently, and then hand picking best to suit your own personal needs and current circumstances is best idea! But how impractical!

Do you have time to do this?

Would you consider yourself an expert in offshore investments and pension planning?

Where would you start?

Obviously professional advice will get you right solution and save you time and money and reduce your cost of delay significantly!

To find out more about what solutions are on offer in market place and to learn more about offshore investing and saving for your future, visit http://www.offshoreinvestmentguide.com today.

Discover how to build wealth, enjoy greater privacy, protect your assets and secure your financial future with Offshore Investment Guide.

http://www.offshoreinvestmentguide.com

R L Williamson is an independent offshore financial specialist.

How long a repayment period ?

Many years ago, a borrower, my father, tried to convince lenders of idea of a much longer repayment period. In fact so long that he gave idea name, infinity mortgage. The idea was to pay interest, at whatever actual rate would be, but not to repay capital. Naturally in staid world of banking this fell on deaf ears, and several so called bankers laughed at idea. Eventually he was able to persuade an institution to go ahead with his proposal, and he purchased a house. He is now nearing retirement and still has not paid off mortgage, and continues to pay interest. He is happy with idea that, when we inherit house, we will have to pay off capital, and so are we.

The current position ?

The house is now valued at £280,000. My father’s income is £5,300 per month. And mortgage payment ? The last time we spoke of matter it was mighty sum of £7.92 per month. The capital to be repaid ? The not insignificant amount of £1,900.

Whether your local currency is pounds sterling, euros or dollars, principle is still same. While motivation at time, as a penniless masters student, was to keep every payment down to a minimum, capital repayment would not exactly have broken bank once a few years had gone by. When he reached point of what would have been normal repayment period, and received advice from all and sundry that perhaps he might slip into bank with a bit of loose change, and pay off capital, he declined. He rather liked idea of his infinity mortgage being just that, or at least being with him until his death. In that he will succeed, you know what some of these old folk are like.

© Jenny Barclay

Jenny Barclay majored in math. and economics, and obtained a masters in viability of banking institutions. She is currently studying Spanish in Andalucia, Spain. This article may be reproduced on websites subject to credit being given to the author, and a link to her website.