I want to stop working within 5 years, what do I have to do now to be able to do that?
The time has almost come: your well-deserved retirement is just around the corner. In your youth, you still made calls by playing the songs on the dial, listening to the rise of the Beatles and perhaps seeing Neil Armstrong's moon landing in the sixties on the screen. Now that the new pension law came into effect in the summer of 2023, you've probably seen a lot of news about it. That's why we've listed a number of important points for people like you who will retire in the Breda region within ten years.
I want to retire within 5 years
If you want to retire within five years, there are several aspects to consider. Here are a few key points to pay attention to:
Check your pension plans: Check what pension plans you have, such as an employer's pension, an individual pension, or other plans. Check the expected benefits and make sure you have a clear picture of your retirement income.
Retirement age: Check the retirement age that applies to your pension plan (s). Make sure you know at what age you are eligible for your retirement benefits.
Set up a pension plan: Make your own pension plan or let an advisor do it for you. Our advisors at Van Loon can help you calculate your expected income and expenses after retirement, including pension benefits, any other sources of income and expected costs. This way, you'll find out what to expect.
Do I have enough pension?
To determine whether you have sufficient pension, there are a number of things you need to identify:
1. Determine your retirement goal: Calculate how much money you'll need in retirement. Think about your fixed costs, such as housing costs, health care, groceries, transport and other expenses, including that long-awaited dream trip.
2. Map your pension income: You can easily and quickly view your pension income at mijnpensioenoverzicht.nl, where you can see exactly what you will receive in AOW pension and any pension from your employer (s).
3. Think about your pension choices: Consider whether you want to stop working earlier, exchange your partner's pension or withdraw part of your pension pot once. These choices affect the amount of pension you will receive.
4. Compare retirement income with expenses: Compare your retirement income with your expected expenses. Do you have enough pension to retire comfortably?
Mapping your pension can be complex, and it often raises questions. That's why our advisors at Van Loon are ready to help you fully assess your pension situation. This way, you know what choices you can make, how much pension you can expect and when you can retire.
Then contact an advisor from Van Loon, financial advisor in the Breda region, and start planning your well-deserved pension.