Retirement Planning
Financial Retirement Planning You Can Trust
Comprehensive Planning
Personalized Strategies
Ongoing Support
Peace Of Mind
Planning is bringing the future into the present so that you can do something about it now.
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)
Plan Your Dream Retirement with Confidence
Discover how our tailored retirement strategies can help you achieve financial security and enjoy your retirement years.
Start planning today to ensure a comfortable and fulfilling retirement.
We will help you find the 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.
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.
Why Choose Us?
Decades of Expertise
With years of experience in financial planning, we bring deep knowledge and industry insights to your retirement planning.
Personalized Service
We understand that every client is unique, and we tailor our strategies to fit your specific needs and goals.
Transparency
We believe in clear communication and honesty, ensuring you understand every step of your retirement plan.
Long-term Relationships
We build lasting relationships with our clients, providing ongoing support and adjustments to your retirement plan.
FAQ
Frequently Asked Questions
What is a retirement planning checklist?
A retirement planning checklist is a comprehensive list of steps and considerations to ensure a smooth transition into retirement. It includes evaluating your retirement income, determining your retirement age, understanding your preservation age, and assessing your age pension entitlements.
How do I calculate my retirement income?
You can use a retirement calculator to estimate your retirement income. This tool helps you consider factors such as your current savings, super fund balance, voluntary contributions, and expected employer contributions to project your financial situation during retirement.
What is an account-based pension?
An account-based pension is a retirement income stream that you can draw from your superannuation savings once you reach preservation age. It provides regular income and allows you to manage your investments within the account.
What are age pension entitlements?
Age pension entitlements are benefits provided by the government to eligible retirees based on their age, income, and assets. Understanding your qualifying age and eligibility can help you plan your retirement budget and ensure financial security.
How can I ensure my retirement strategy is effective?
A well-rounded retirement strategy should consider multiple factors, including your desired annual income, health insurance needs, and living costs. Seeking professional advice from an accountant or financial planner can help you develop a comprehensive financial strategy tailored to your needs.
What is the preservation age?
The preservation age is the minimum age at which you can access your superannuation savings. It varies depending on your birth year and is crucial for planning your retirement years and transition to retirement.
How can voluntary contributions impact my retirement?
Making voluntary contributions to your super fund can significantly boost your retirement savings. These contributions, along with employer contributions and government co-contributions, can enhance your financial security during retirement.
What should I consider when planning for my dream retirement?
When planning for your dream retirement, consider factors such as pension payments, other investments, asset allocation, and potential mortgage payments. Regularly updating your retirement plans and seeking professional advice can help you stay on track.
Why is professional advice important in retirement planning?
Professional advice from a financial adviser or financial planner is essential for creating a tailored retirement strategy. They can provide guidance on tax-free income options, insurance cover, and optimizing your financial situation to ensure you achieve your retirement goals.
