Pension analysis and retirement planning

Provident analysis of death and disability risks, as well as retirement planning, are essential steps in securing the financial situation of an individual and his or her family in the face of life’s hazards, and in preparing for a worry-free retirement. Here’s how these two key elements are defined and addressed:

Analysis of death and disability risks:

A pension analysis enables us to assess the risks associated with a person’s death or disability, and to put in place solutions to guarantee adequate financial protection. It is based on an assessment of current coverage (AVS, LPP, private insurance) and specific financial needs in the event of death or disability.

Risks covered :

Death: The death of a person can lead to a loss of income for the family. The aim is to ensure that loved ones (spouse, children) have the necessary resources to meet their needs (for example, through survivors’ pensions, life insurance or death benefits).

Disability: In the event of partial or total disability, a person may be unable to generate income. The pension analysis identifies the disability benefits (IV, BVG disability pensions) and adjustments needed to compensate for the loss of income and ensure that an adequate standard of living is maintained.

Analysis steps :

Assessment of existing coverage: Analysis of AHV/IV, BVG (second pillar) and private insurance benefits.

Calculating needs: Identifying the financial needs of loved ones (debts, housing costs, education, etc.) in the event of death or disability.

Proposed solutions: Recommendation of additional cover or adjustments to pension provision (life insurance, disability capital) to fill any gaps.

Retirement planning:

Retirement planning is a process designed to prepare individuals to achieve their financial goals for the retirement period, by ensuring that they have sufficient resources to maintain their standard of living after they stop working.

Planning objectives:

Evaluation of future income: Estimate income from the three pillars of the Swiss system (AHV, BVG and personal savings) to determine the amounts available to the individual at retirement.

Calculating financial needs: Estimate the needs in terms of living expenses, health, leisure and other expenses that will be present at retirement.

Tax optimization: Planning capital or annuity withdrawals to optimize taxation during retirement.

Planning stages:

Analysis of acquired rights: Verification of contributions made to the three pillars (1st, 2nd and 3rd pillars) and expected benefits.

Anticipating gaps: Compare expected income with needs to identify any shortfall, and implement solutions to bridge the gap (additional savings, investment products, voluntary 2nd pillar payments).

Monitoring and adjustment: Retirement planning requires regular monitoring to ensure that objectives remain achievable despite economic or personal changes (health, changes in tax legislation, etc.).

Conclusion:

Life and disability planning, as well as retirement planning, are essential steps in guaranteeing the financial security of an individual and his or her family. They enable us to assess risks, fill any gaps and ensure an adequate standard of living during retirement and in the event of unforeseen circumstances.