Later-life working
As retirement ages and life expectancies continue to rise, many individuals who have already had successful working lives are finding further fulfilment in later-life careers.
These subsequent careers are rarely simply about making money, in many cases they are about staying active, often in meaningful or creative roles that either offer benefit to society or a significant feeling of satisfaction.
However, these new careers bring with them new challenges and opportunities in relation to wealth management and retirement planning.
For example, in the case of many of the older women who are engaged in early stage entrepreneurship (according to the most recent Global Entrepreneurship Monitor, a study of entrepreneurship in the United States produced by Babson College, MA, 3% of women over the age of 65 engaged in early stage entrepreneurship in 2017***) it may be first time in their lives they have the opportunity to plan and earn independently.
Later-life wealth management
With later-life earning comes the need for wealth planning foresight and this is especially important for cross-border individuals who are likely to have a complex range of asset management and tax liability considerations to attend to as well as the organisation of their day-to-day cashflow.
Fortunately, by taking advice at every important stage of the journey, savers can ensure their plans reflect their realities, including those typical to a later life career.
Retirement planning advice from Blacktower (US) LLC
Whatever your age and wherever you originally hail from, we can help you protect and advance the interests of you and your family.
We specialise in helping foreign nationals who reside in the US as well as those who have dual citizenship to overcome the complex challenges they face.
For example, we can provide advice and services relating to the following retirement plans:
- IRAs
- 401(k)s
- 403(b)s
- Defined benefit plans
We can help you find the right retirement planning strategy while making you aware of your responsibilities and options. Contact us today for more information.
* https://web.stanford.edu/class/e297c/poverty_prejudice/soc_sec/hsocialsec.htm Accessed 08-07-19
** http://datatopics.worldbank.org/world-development-indicators/themes/people.html#about-the-data In Featured Indicators, Population Dynamics tables Accessed 08-07-19
*** https://www.babson.edu/media/babson/site-assets/content-assets/academics/centers-and-institutes/the-arthur-m-blank-center-for-entrepreneurship/global-research/GEM_USA_2017.pdf Accessed 08-07-19
This communication is for informational purposes only and is not intended to constitute, and should not be construed as, investment advice, investment recommendations or investment research. You should seek advice from a professional adviser before embarking on any financial planning activity. Whilst every effort has been made to ensure the information contained in this communication is correct, we are not responsible for any errors or omissions.