When comparing the United States with Northern European countries like Denmark, Norway, Sweden, Finland, Belgium, the Netherlands, and Germany, a notable distinction emerges: the prevalence of pension plans among the majority of the population in the latter. This results in reduced financial stress during retirement, as many retirees rely on their monthly pension checks rather than substantial savings or investment accounts. The confidence in their country’s financial system contributes significantly to the contentment experienced by retirees in North European and Scandinavian nations, consistently rated among the happiest places to live. In contrast, Americans tend to have a different approach, with more emphasis on savings and investment accounts and less reliance on pensions or pension-like investment solutions.
Effective retirement planning involves considering the client’s current assets, potential future contributions, goals, and income needs through unbiased conversations to construct a suitable plan. This planning process encompasses two crucial components: accumulation for those still working towards retirement and strategies for those nearing retirement or already in it. Ideally, a blend of the Northern European/Scandinavian and American approaches to retirement savings is advocated, combining predictable monthly income from “pension-like” solutions with savings and investment accounts. The implementation of such a plan requires time, emphasizing the importance of starting early on the path towards a more secure retirement.
Hafnia Financial, Inc. is an independent boutique registered investment advisory firm, located in Del Mar, in San Diego, California.
We are privately owned and are not affiliated with any Wall Street firm that are publicly traded and have to please shareholders and clients.
12526 High Bluff Drive, Suite 300 San Diego, CA 92130
(858) 750-6206
jan@hafniafin.com
Monday – Thursday: 9am - 5pm
Friday: 9am - 3pm
By appointment only.
Hafnia Financial, Inc.
12526 High Bluff Drive, Suite 300
San Diego, CA 92130
Phone: (858) 750-6206
Email: jan@hafniafin.com
Copyright ©2024 Hafnia Financial, Inc. . Todos los derechos reservados.