Expats Warned Not To Defer Their Retirement Planning
24.10.2011

Guardian Wealth Management has recently provided vital wealth management and retirement planning advice for expats, in an article published on the FT adviser website . The article is based on our financial advisors’ experience of working with expats around the world, and provides an important warning to expats who defer their retirement planning in favour of living the high life in their new country.

Our financial advisors at Guardian Wealth Management see the same mistakes repeated time after time; retirement planning takes a back seat when expats move abroad, because the focus shifts to making the most of the new environment and benefits that come with their lifestyle change. While it’s understandable that there is an initial ‘holiday period’, it shouldn’t come at the cost of wealth management and retirement planning, which is ultimately essential for a secure financial future.

Using Reputable and Accessible Financial Advisors

Our financial advisors see all too often these expats taking the ‘spend and enjoy’ lifestyle to the extreme. The problem then comes with a frightening realisation; our financial advisors are often left to pick up the pieces for expats who have suddenly realised that they’ve spent many years without making provisions for their retirement planning. The biggest danger comes when expats then rush into retirement planning decisions, taking out poor or unsuitable pension products that have been offered by ‘on-the-fly’ financial advisors, who sign you up and then are nowhere to be seen again.

The FT adviser article talks of the worry that expats can then face when organising their retirement planning under these circumstances. Expat workers can often find that their circumstances fluctuate, meaning that their retirement planning needs to have a degree of flexibility.

Let Guardian Wealth Management Help

Group Chief Executive, David Howell, emphasises the importance of using financial advisors who have a legitimate and licensed physical presence in your country of residence. This way, your retirement planning can be reviewed and reassessed when needed, by a regulated financial advisor who already knows you and understands your circumstances.

Wealth management and retirement planning should be dealt with as soon as possible, with strategies put into place that offer flexibility and multiple streams of savings where necessary.

If you’d like help with retirement planning , you can trust our fully regulated financial advisors  to offer you the very best advice and solutions.