Five steps to financial security during retirement
1. Identify income
You can obtain information about pension benefits from your pension fund and the AHV Social Security Administration Office. In addition, it is important to draw up an estimate of other income sources (rental income, etc.) you can expect to have during retirement.
2. Create a budget
By creating a personal budget for today, you can derive a budget for the first years of retirement.
3. Prevent income gaps
Income gaps occur if expenses exceed the estimated income. In this case it is advisable to work together with a bank advisor to look for opportunities to close such gaps.
4. Plan pension fund benefits
It is important to analyze your overall financial and asset situation. Then you should clarify whether you want to receive a lump-sum payout, an annuity or a mixture of the two from your pension fund - if applicable.
5. Stagger payments
It is worthwhile to plan staggered payments of retirement capital, which in turn helps you optimize your taxes.
Products and services in these webpages may not be available for residents of certain nations. Please consult the sales restrictions relating to the service in question for further information.
© UBS 1998 - 2014. All rights reserved.