Retirement is a time to enjoy the fruits of a well-designed life. Retirement planning can seem a bit daunting. It may also seem irrelevant when you're in your 30's and 40's. The reality is, the retirement you dream of must be planned sooner rather than later.
We’re here to guide you through all that wordy retirement terminology and to work with you to create a strategy for that leisurely retirement of your dreams. Let’s make this a reality and start now.
The average life expectancy in Australia is between 80 to 85 years of age. Based on this and if you wish to retire at 65, you'll need to plan for approximately 20 years to support a comfortable life without a regular income from work.
Everyone has a different picture of their retirement. According to the Association of Superannuation Funds of Australia’s Retirement Standard, to have a ‘comfortable’ retirement, single people will need $545,000 in retirement savings, and couples will need $640,000. Consider the following questions to help you to start gaining a better understanding of the cost of your retirement lifestyle:
When you stop working, you will need to factor in the following into your retirement savings:
This is just the beginning of things to consider when planning for retirement.
We're here to ensure you're well prepared to live a lifestyle you actually enjoy.
Our financial advisors can help to guide you through this process and ensure peace of mind when planning for the future – regardless
of what stage in your working life you’re at.