Retirement Planning
About this service
Retirement is a major lifestyle change. This is a stage in someone’s life where fears come into play because of uncertainties of the future. Most of the people leaving the workforce succumbed to the ‘what if’ syndrome and this is primarily because of a lack of readiness and planning ahead of time.
The Association of Superannuation Funds of Australia (ASFA) provides an industry retirement standard. This estimates how much money you’ll need, depending on your lifestyle.
A single homeowner aged 65 and in relatively good health will need $600.05 a week in retirement to live a modest life and $947.56 a week for a comfortable lifestyle.
ASFA estimates that the lump sum needed at retirement to support a comfortable lifestyle is $690.000 for a couple and $595,000 for a single person. This assumes a partial Age Pension. (SOURCE: ASFA, DECEMBER QUARTER 2022)
At Aspiram Financial Planning, we will help you find that magic number you need to retire comfortably.
Retirement planning is a strategy designed for people who are nearing retirement. We suggest you start planning sooner rather than later but no later than 10yrs out from your planned retirement date. We will consider various financial aspects like your Superannuation, current savings, investments, and inheritance to come up with a practicable game plan.
As they say, “planning is bringing the future into the present so that you can do something about it now”.
Identifying your future needs and current income will play a vital role in managing a workable retirement plan. If you think you will have a shortfall in retirement, we can strategize to boost your superannuation, delay retirement, adjust your spending habits, sell other assets, or adjust your retirement lifestyle expectations.
We can help you with a broad range of aspects of your financial life with proven strategies and plans in the following areas...
Retirement Planning
Accurate financial planning maximises your retirement wealth so that you can enjoy peace of mind and quality living. We want you to retire comfortably and without worry.
Investments
We will work together to set financial goals, determine an acceptable risk tolerance, and find the right investments for you to build your future wealth.
Superannuation Advice
Take the uncertainty out of the Superannuation system in Australia by allowing us to educate you on your options to maximize your advantages.
Self-Managed Super Fund
Is a self-managed super fund right for you? Learn more about your options and if capitalizing on an SMSF makes the most sense for your financial planning.
Wealth Planning
A successful wealth plan includes tailored strategies for each client, addressing their unique needs and situations, regardless of the complexity.
Wealth Protection
We will create a well-tailored protection plan to reduce the associated risks with wealth accumulation and the protection of current assets.
Estate Planning
Designed to help protect your loved ones minimise taxation upon transfer of assets in a legal manner as well as ensuring your wishes are followed.
Aged Care
As you get older, it can become harder to do things on your own. We provide numerous strategies to assist with your needs so you can do what you love.
