How much is enough? This question is very difficult to answer but a rough indication should be 70% to 80% of the income that you were earning. If you earnt 100,000 EUR/USD a year, you would need 70,000EUR/USD – 80,000 EUR/USD per year for the next 25 years (until you are ± 90). This amounts to 1.75m EUR/USD to 2m EUR/USD.
What if you did not save 2m USD/EUR? This is not a problem, you can still earn a decent income through fixed income plans.
These plans are like bonds. They pay a fixed regular income every quarter directly to your bank account. For example, if you have 500,000 EUR/USD in savings, at a 14% interest rate per year, this will give you an income of 70,000 USD/EUR per year.
This will provide a regular income without you having to dip into your savings.
For example, the 12-month Fixed Income Plan offered by GG Capital (one of the largest wood products suppliers in Scandinavia), can provide you with a 14% interest rate per year. You will receive the interest every 3 months directly to your bank account and at the end of 12-months you can renew at the same rate or redeem your capital. The plan has no admin or management fees.
For over 10 years, the 12-month fixed income plan has been providing professionals with a stable regular income.
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