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Retirement Planning
Can’t
wait to put your feet up and relax? Or are you dreaming of that overseas
holiday you have always wanted to take? Perhaps you want to spend
more time with your family?
For many of us, retirement is when dreams become reality. Released
from the commitment of full-time employment, we are able to choose from
a range of lifestyle options.
Despite having all of this to look forward to, preparing for retirement
can be one of the most stressful and uncertain times of your life.
Start planning
Planning early will help you get the most out of your retirement. If possible,
start at least five years before your planned retirement date.
The Government’s objective is to provide a full pension only as a safety
net for those in real financial need.
However, with proper planning, you can generate your own retirement income
and supplement it with all the social security allowances and benefits that
you are entitled to receive.
Making the most of your retirement funds
Approaching retirement, it’s important to work out how much money you already
have in retirement savings and how much you will receive in retirement payments.
It is likely that your retirement funds will be made up of:
1. Your superannuation
2. Money from your employer – such as a retirement lump sum
3. Other assets you have accumulated outside superannuation, such as
investment properties, shares and managed funds.
For more information, please contact us. |
