At CLY Financial Planning, when talking about planning for retirement, we find out many Australians are busy with their day-to-day life and haven’t put aside time to think about whether their retirement finances will fund the lifestyle they’re expecting when they retire.
But it shouldn’t be a matter of saving as much as you can while you’re working and then hoping for the best – or presuming you’ll get the age pension and that will take care of things for you.
While retirement usually means free time, unfortunately too many retirees don’t have enough financial freedom to support the lifestyle they want. And with Australian’s life expectancy now amongst the highest in the world, some retirees may even outlive their money.
Every People Deserve His Own Retirement Planning
People’s financial requirements for retirement will vary greatly depending on their personal circumstances and expectations, so a good place to start is to work out a rough yearly budget. Then consider what investment amounts you may need and your sources of income to achieve this budget. These might include Superannuation, other savings and Investments, perhaps part-time work, and the age pension.
Sometimes, if people can only get a small entitlement to the age pension, this may still provide other significant benefits such as concessions on healthcare, rates, telephone and transport. How you arrange your assets and income can make a big difference to how much you might be entitled to in age pension so seeking assistance from a financial adviser can really pay off.
Our Retirement Advice / Retirement Planning Service
Professional retirement planning advice from ours Retirement Planner / Financial Advisor will cover issues like how to structure your resources to make the most of tax and social security rules, counter inflation, maintain a reliable income, how to get more from superannuation, and how to plan your estate so it’s effectively distributed.
You’ll be able to pick up some valuable insights and find out about:
- Ways to structure retirement finances, considering tax implications
- Age pension – are you entitled?
- Strategies to make the most of superannuation
- How to structure your estate so it passes to those you want, in a way that is sensible and effective
Planning for Retirement Matters
If there’s only one time in your life you seek professional financial advice, retirement planning should be it. And the sooner you get started, the more flexibility you’ll have, which should give you some peace of mind. At CLY Financial Planning, we are retirement planning professionals. It’s what our retirement planners do every day for our clients and it is what we love to do. Please Contact Us if you are interested or want to know more about retirement planning or retirement advice.