Retirement: The Best Is Yet To Come

Retirement planning should be simple, but to ensure that you aim for an optimal retirement, a well advised retirement plan will pay for itself many times over. 

If you are aged 55 or over, still working and earn more than $37,000 then it's time to see a financial planner.  A Transition To Retirement strategy should be worth discussing, even though you may not be intending to retire any day soon.  

If you are thinking of retiring completely, then the sooner you book a meeting with an adviser, then the higher the potential for you to gain peace of mind. 

Retirement planning will explore a variety of issues, that are not limited to but do include:-

• > How much money do you need to live upon in retirement?
• > To retire comfortably, how much money will you need in assets such as superannuation?
• > What is the most tax efficient method so as to structure your retirement income?
• > Are there tax implications with my super fund if I were to pass away unexpectedly?
• > Can a Self Managed Superannuation Fund be of benefit to your needs, both now and in the future?

A good retirement plan will examine a wide range of issues, including projected forecasting using conservative rates of return appropriate to your comfort levels.  Peace of mind is crucial during this phase of your life, and preparing for your years of future enjoyment are better commenced early rather than later.

Pre-retirement Tip - Buy expensive house items such as whitegoods or a car within 1 or 2 years of retirement so that you are unlikely to need a replacement as you move into the first years of a fixed income stream.