No matter how far away it is, having a plan is the best way to ensure your retirement matches your dreams and expectations.
Retirement planning can assist you to plan and manage your financial situation for your retirement, so you can maintain a regular income, enjoy life and retire with confidence.
Important questions that need to be discussed about retirement planning are;
· How soon would you like to retire?
· What do you plan to do with your time when you retire?
· How much super do you have?
· How many years of retirement do you need to plan for?
· Are you thinking of working part-time?
· Will you be making any big purchases like a house, car or holiday?
· Will you access the age pension or other Centrelink benefits?
A sound retirement plan can help you:
· Prepare for your retirement.
· Utilise tax-efficient strategies to transfer your wealth.
· Plan your estate so your loved ones are taken care of.
Get more out of your retirement
You’ve worked hard over the years and you’re ready to enjoy more of life’s adventures now that you’re no longer working. Whether you’re planning on downsizing, spending more time with family, travelling or thinking about a sea change, ensuring you’re financially prepared takes careful planning, and it’s never too early or late to start.
As your lifestyle changes, your income will too, so having a long-term strategy in place can help you get the most out of your retirement years.
Maximising your super and income in retirement
· Adjusting or restructuring assets and investment portfolios
· Pensions and social security
· Wills and estate planning
· Passing on an inheritance or gifting money to children or grandchildren
· Aged care advice
Contact us today to find out more about how we can help with your retirement planning.
Useful Links
www.moneysmart.gov.au/tools-and-resources/calculators-and-apps/retirement-planner
www.moneysmart.gov.au/superannuation-and-retirement
http://www.humanservices.gov.au/customer/subjects/age-pension-and-planning-your-retirement