Australians are living longer and retiring earlier which  means that many Australians will spend more than a quarter of their life in retirement.  While this sounds like good news, it is even more important now to plan carefully for your retirement – starting today.

 Some questions you may wish to consider include:·

  • How much do I need to retire on? How much do I have in my superannuation already?
  • When can I access my super?
  • What are my options when I retire?
  • Will I pay tax on my super if I take a lump sum?
  • Is there any benefit in taking my superannuation as an income stream?
  • Am I eligible for the Age Pension?
  • How does the Income Test affect eligibility for the Age Pension?
  • How does the Assets Test affect eligibility for the Age Pension?
  • What is deeming?
  • What are the different types of income streams? 
  • Why are income streams treated differently?

We can:

  • Establish when you want to retire and work out how much you need. Alternatively we can work out when you can retire based on your current savings, assets and goals.
  • Establish a plan to accumulate enough retirement savings within your timeframe.
  • Review and recommend retirement income products so you can manage your money in retirement and make sure you can maximise any entitlements to social security benefits.
  • Review and update your insurance arrangements to make sure you aren’t under insured.
  • Advise on Estate planning issues, such as wills, Powers of Attorney, Medical Powers of Attorney etc.

What to do next

Contact us today to arrange for a confidential chat about your options