Trials and tribulations
It’s not an easy job, and communally we may sigh, but we still have so much to consider.
Living costs provides one example. Clients will have an insight into what living abroad in their chosen country is going to cost them but we need to err on the side of caution on their behalf, or encourage them to think outside the box, or the bubble as it may well be.
Then, of course, there is everyone’s favourite P word – Is your client in a preferential environment to draw down on their pensions or should they consider a different option?
Consider also life cover, it’s often pretty hard to get people to insure themselves properly, one’s impending doom is never the nicest topic to mull over, but once you’ve got them covered make sure it remains valid should their demise occur during their latest adventure.
This must also include their will, which should be up to date and appropriate, but also recognised locally as legal and binding.
You will have discussed their retirement plans at length as this is a huge part of our jobs and of financial planning as a whole, but living abroad may have altered the plan, so do clients need to make amendments accordingly?
The job of an international adviser is multi-facetted and, in all honesty, never-ending.
More than anything else though, it’s about support.
It’s our job to stick with clients and ensure we can service them wherever they are in the world; it’s not the easiest task, but when done right it is one of the most rewarding.
