Retirement Planning

The goal of retirement planning is to achieve financial independence at retirement, i.e. to ensure that one has accumulated sufficient capital to provide a sustainable income during retirement taking factors such as inflation into account. Retirement planning involves setting retirement income goals, taking action and making decisions.

Crystal Water Investment Management’s basics of retirement planning are:

  1. Determine your retirement income needs at your desired retirement age
  2. Calculate the capital shortfall
  3. Determine how much you will need to save
  4. Build your retirement fund, save more if possible
  5. Understand the savings vehicles
  6. Understand your investment options and select the investments that are appropriate for goals, risk tolerance and investment time horizon
  7. Understand your annuity income options at retirement