Your retirement

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How can you maximize your income in retirement:

Retiring in more than 10 years ?

Saving for your retirement may not be your first priority when you are in your 20s, 30s and 40s .. You may wish to spend it on buying a house, an overseas holiday, children’s education or just have fun !

You may wish to consider some of these questions

  • What type of lifestyle do I want when I retire?
  • How much do I need to contribute now to retire comfortably?
  • What are my best options to fund my chosen lifestyle after my retirement?
  • Is my superannuation sufficient to cover all my needs in my retirement?
  • What is a salary sacrifice?
  • Why are women recommended to make higher superannuation contributions
  • Is it worth consolidating all my superannuation from different funds into one fund?
  • Which superannuation fund gives me the best returns to fund my retirement?

How we can help

We can:

  • Review your current financial situation and short term and long term financial goals
  • Recommend strategies to meet your lifestyle goals after your retirement
  • Work with you to develop the most suitable budget and investment plans to achieve your goals
  • Recommend strategies to protect and increase your assets
  • Help to review and update your will

What to do next

 Contact us today if you need help in putting strategies in place to fund the retirement of your choice

Retiring within the next 5 - 10 years

Australians are living longer and healthier lives. Early retirement and living longer means you will probably spend more than a quarter of your life in retirement. It makes sound financial sense to plan carefully and well in advance for your retirement.

Common questions to consider

Some questions you may wish to consider include:

  • How much do I need to retire comfortably and maintain my current lifestyle?
  • When can I get access to my super?
  • What are my sources of income when I retire?
  • Do I need to pay tax on my super if I take a lump sum?
  • Will I be eligible for the Age Pension?
  • How does my financial situation affect eligibility for the Age Pension?

How we can help

We can:

  • Help you work out how much you need and when you can retire
  • Help you plan to accumulate enough retirement savings within the timeframe
  • Ensure you maximize your entitlements to social security benefits
  • Review and recommend income products to protect and manage your wealth in retirement
  • Help you create or update your will

What to do next

If you need help in planning your retirement contact us today

Already retired

Have you reached your retirement age? Do you feel you are not yet ready to give up work? Do you have a retirement plan in place? Are you aware that the Government offers incentives for working people to defer claiming the Age Pension? Give us a call for a consultation to assist you with your queries.

However, if you have planned for your retirement and have independently funded it, you may benefit from a consultation to help you keep track of, restructuring your finances to maximize any government entitlement.

Common questions to consider

Some questions you may wish to consider include:

  • Is it too late to make any changes to my retirement income arrangements?
  • Do I just have to live off what I have now?
  • What is the Pension Bonus Scheme and am I eligible for it?
  • How much is the Pension Bonus Scheme and when is it paid?
  • What are my entitlements now that I have retired?
  • What social security benefits am I eligible for?
  • Should I consider moving house now that I’m retired?

How we can help

We can:

  • Help you monitor your investments and retirement income.
  • Suggest ways to maximize your social security benefits?
  • Provide you with regular updates about social security changes and how they might affect your situation

What to do next

If you need help in planning your retirement contact us today

 

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