Where will your retirement income come from?
Chances are, your retirement income will come from more than one source. Your Silver Thatch Pension Plan is one obvious source .But there are others. You may have personal savings. If you've lived outside the Cayman Islands, you may also qualify for a government pension from another country. And, you may be able to work part-time in retirement.

Your company pension
Ideally, the pension you build with Silver Thatch will be a significant part of your retirement income. The truth is, however, some of us will need more than our company pension come retirement. Personal savings and, in some cases, government pensions can help make up the difference.

Personal savings
Personal savings can take many different forms. For example, it can include savings in bank accounts, stocks, bonds, annuities, real estate, collectibles (such as art), and even some life insurance policies. That said, the Silver Thatch Pension Plan makes it easy for you to save. It allows you to make additional voluntary contributions (AVCs) through the convenience of payroll deductions.

Even better, you have control over how that money is invested. You can invest it in any of five different investment portfolios

Government pensions
The Cayman Islands does not provide government pensions (except to government employees).However, if you've lived in another country – and many Cayman Island residents have – you may be entitled to some form of government pension from that country. If you've lived abroad, contact the country where you lived and find out what, if any, benefits you may be entitled to receive.

Working after retirement
While not having a job may sound good now, a part-time job can be a nice way to help fill the day and try something new. More importantly, it can be a good way to supplement your retirement income. If you haven't already, start planning for your retirement. Think about where your retirement income will come from and how much it might be. That way, you'll know if you need to save more or adjust your retirement expectations. A little planning now can help you avoid any unexpected – and unpleasant – surprises down the road.