Fact!

Research shows that to
enjoy a comfortable
retirement, an annual
income of $49,500 is
needed …  yet only 5% of
Australians retire with this
level of income.

 

Financial Planning is about having a structured approach to your finances so that you can make the most of what you have today, while you create a comfortable future for yourself and your family. It is about financial security and peace of mind, knowing that you are in control of your financial future.

The first step in planning for your financial future is to know what you want to achieve. Many people approaching or enjoying retirement like to consider:

• how their superannuation and other assets will impact their ability to access the Aged Pension;
• ability to access your money easily in retirement if required;
• payment of the Pension Bonus Scheme;
• and most importantly what their retirement income needs will be.

Once you know what it is you want to achieve, the next step is working out the best way to make it happen! Do you know how long you could afford to live once you have retired? To help illustrate how much you may need in superannuation for your retirement, here’s a simple calculation:

• 3 meals per day per person
• x $10 per meal
• x 365 days per year
• x 20 years in retirement = $219,000 for food alone!

Australians are living longer and retiring earlier, with many people now spending more than a quarter of their lives in retirement. If you are like most, you will not only want to cover your general living expenses (such as food, medical, transport & accommodation), you are also going to want to enjoy your retirement.

Generally the best way to be able to financially enjoy your retirement is to create a retirement income stream. A retirement income stream is generally an investment that is designed to pay you an income on a regular basis to support your retirement living expenses. Typically a retirement income stream is based within the superannuation environment. Depending on your overall assets and income, this type of income stream can also be combined with Aged pension payments.

Our Focus is You.

For more information on how we can help with your Retirement Living, Click here.

We can also assist you with:

• Allocated Pensions
• Annuities / Rollovers
• Managed Investments
• Transition to Retirement Strategies
• Pension Entitlements
• Pension Bonus Scheme
• Mature Age Allowance
• Partner Allowance
• Carer Allowance
• Carer Payment