Expats Retirement Planning

Everyone looks forward to the day they can retire when your days are your own to do with as you please. Whether you’re an expat living in China or have spent your work life building your career in your home country, retirement is something that people start to talk and fantasize about when they’re still young. 

One common goal that many expats have their sights set on is an early retirement. Of course, it’s the ultimate dream for many, but it’s often in the nature of expats especially to want to finish work while young and healthy to travel the world or perhaps settle down with a nice property somewhere tropical and warm. Any retirement goals are possible to achieve, especially with the proper planning, saving and investing.

But, as an expat, it might seem a little more complicated to plan for your retirement; there are certain things specific to the expat life to be aware of so that you are prepared and comfortable when the big day arrives. So we’ve come up with a list of questions to help get you on the right path toward your retirement.

Where Is Your Money?

Most expats have been bitten by the travel bug and, as a result, have spent time working in multiple countries. If for example, you’ve lived and worked in China, Brazil, and Qatar, you might have retirement savings accumulated in each of those countries. It’s a good idea to think about consolidating your finances and perhaps put them toward offshore investments. But it can become convoluted when trying to organize your accounts and sort out your taxes, so it might be best to speak with a financial advisor to see which options are best for you.

Are You Saving Enough?

Once you know where your money is and have taken the steps to consolidate your accounts, you can start calculating some projections for your retirement. There are calculators online that will help you determine how long your money is expected to last based on how much you plan to spend per year, and they can be helpful in getting a base idea of where you’re at financially. There are other factors to take into account, however, like whether you have investment properties you’ve been waiting to sell or if you are planning on buying something new. Perhaps your idea of retirement as an expat is to keep traveling the world — whatever your goals are, you want to make sure you will have enough money to achieve them.

Is Your Money Working For You?

An advantage of the expat life is that you have the opportunity for offshore investments, which can help you keep your money organized and centralized as you move from place to place, as well as make you money along the way. But no matter where you put your money, you want it to be accumulating capital. You might, instead, decide to invest in a property that you can rent out while you travel and that will be waiting for you when you are ready to settle down, or that you can sell later at a higher price point. 

Keep in mind that your investment goals might change as you near retirement, there is usually a trend from riskier to safer bets as the stakes get higher when you are ready to stop working. Whatever you decide to do with the money you’ve made as an expat, remember that it should be working for you.

Are You Prepared?

The earlier you start saving a preparing for retirement, the better. Putting money away each month that can go toward sound investments is important and the sooner you get saving, the more bold you can be since you are playing a long-term game. 

And you never know what life is going to throw your way, so it is good to have a sizeable cushion in case you need it. Whether an illness strikes you or your partner or perhaps your sailboat needs its hull replaced, you want to make sure you can cover emergencies after you’ve stopped working.

You are probably looking to retire just as much as the next person, but as an expat, there are things to consider since you’ve been living and working abroad. It’s best to be informed and prepared so that when you hang up your boots, you can enjoy your days exactly as you’d like. You’ve been working your whole life towards this golden era, so take the time to make sure you are prepared.

Retirement: have you given yours enough thought?

investing-for-retirementIn years gone by, when you reached the age of 60 you hung up your briefcase, received a gold clock and spent your retirement playing golf or enjoying time with your grandchildren.

But since the worldwide economy went into freefall, retirement is nowhere near as cut and dried as it used to be. There are all sorts of reasons for this; low interest rates hitting savings hard, private pensions being slashed as a result of corporate collapse, company pension pots getting smaller being just three examples. Governments are also struggling for cash, putting state pensions at risk of decreasing in value, while there’s often a simple lack of foresight on the part of the individual.

And let’s not forget that we’re all living longer these days, meaning that we need to save more for our retirement than ever before – something that is often overlooked by the saver. In fact, a recent study by HSBC showed that the average retirement in the UK will last for 19 years, but the average person’s savings will only cover them for seven of those.

All of these factors mean that a large proportion of people of pensionable age are being forced to compromise on their standard of living and work much later in life than they had originally planned. This can be extremely stressful for those who have worked hard all their lives, believing they would enjoy a peaceful and secure retirement in their golden years.

Retirement Planning for Expats in Asia

So what can you do to ensure you don’t befall the same fate? The first thing is to make a start on your retirement plans if you haven’t already. Remember that the longer you can save for your retirement, the more money you will have when you give up work. It’s a false economy to put it off – it will be much more expensive to reach your goal in the long run if you do.

It’s also important to consider the kind of lifestyle you want in your retirement and plan accordingly. This kind of financial planning will allow you to evaluate how much you need to put aside each month to achieve your retirement goals. Make sure you take inflation into account plus unforeseen costs such as possible medical treatment.

Above all, it’s vital to get expert advice on your financial future. BlueStar AMG has a team of professional advisors who can talk you through your personal needs and ensure that your retirement lives up to the idyllic dream of years gone by.

Put your trust in BlueStar AMG


Whether you’re an ex-pat seeking the best investment options or you’re looking for the right insurance deal for your business, BlueStar AMG is here to help.

financial-advice-for-expats-in-asia

Based across six countries in Asia, our team boasts over 100 years’ collective experience in the financial industry. We pride ourselves on our huge portfolio of services, which includes banking, medical insurance, retirement plans and asset management, as well as QROPS and FOREX. With such a broad range of ways in which we can help, you can be assured that our expert team will be able to deal with the vast majority of your financial requirements – so you’ll never have to go anywhere else.

We know the financial sector can be a minefield of regulations and constantly evolving products, so we keep our fingers on the pulse at all times, sharing our up-to-date knowledge with our clients in plain English. This friendly, jargon-free approach has won us hundreds of clients over the years, and it’s why they come back to us time and time again.

Such is our commitment to customer service that we formulated our iStar model to ensure we always do the best we can for our clients. iStar stands for:

  • Integrity – we strictly adhere to moral and ethical principles
  • Sincerity – we pride ourselves on our honest approach to business
  • Teamwork – we co-operate fully, both internally and externally
  • Accountability – the buck stops with us
  • Results orientated – we will always deliver

Take a look around our website to see all the ways we can help you make the most out of your money. There’s an informative FAQ section which will answer any initial questions you may have about the financial products on the market, while we’ve also got online financial tools to help you plan for your future.

So if you’re looking for financial advice, don’t hesitate to contact us today – one of our friendly team will be waiting to take your call.