Are you ready to retire?
It’s not just about your superannuation balance!
Do you want to retire in the next 12 to 24 months? If so, do you have the answers to the following.
- How much income in retirement do you need to maintain your standard of living (expenses like travel, cars, bills, kids, and grand kids!) without eating into your savings?
- Do you have strategies and financial structures in place to look after your family should anything happen to you?
- Are you considering working part time and is this worthwhile, as it may impact on pensions or retirement benefits?
If you don’t have answers to these questions, we should talk!
Other questions you may want the answer to are
- Have you got a retirement plan in place? Do you have a clear path forward that you understand?
- Have you completed your final contributions to super and maximised all strategies available?
- Have you completed your estate planning needs? Do you have a legal Enduring Power of Attorney document and an updated Will in place?
- Do you have a good understanding of where your retirement income is coming from ? Is it from your super fund, investments, or Centrelink aged pension? Do you need help understanding how they work together?
- Do you understand your tax position in retirement?
- Do you know if you meet the criteria to obtain a Centrelink Aged Pension?
The above questions should be researched with our experienced, dedicated Financial Planning team. Be in front and be prepared.
Please call us on 1300 655 096 to review the above and book in for a free introduction meeting.