Specific Advice:

Retiring Soon

During your pre-retirement years, super ’suddenly’ becomes your major focus — retirement is just around the corner! Money that once went into a mortgage now goes into wealth accumulation, particularly super, as you start thinking about the lifestyle you want in retirement.

Financial planning at this stage of life is about maximising investments, balancing risk and return, contributing additional money to super and reviewing risk insurance needs.  How much money will you need? Have you been contributing enough to super and how can you increase your super balance to fund a comfortable retirement?

It’s important to consider that you may live for a long time after you retire. Improved mortality means that you may live for 20 or even 30 years after you retire around age 65.  You may want to start working less and consider moving to part-time employment. You may also start thinking about ways to provide financial assistance to your children once you are gone.

Careful planning before your retirement can make a big difference to your superannuation balance, making it last longer and giving you peace of mind that your hard-earned wealth is protected.

How we can help

Your adviser at Aspirations Wealth will review where you are now, understand and help develop your goals for retirement, and then identify what needs to be done to achieve those goals:

  • We will help organise and prioritise your goals
  • We will simplify superannuation jargon so you understand it
  • We will offer you clear strategies with products that suit your needs

General Advice Warning: This page contains information that is general in nature. It does not take into account the objectives, financial situation or needs of any particular person. You need to consider you financial situation and needs before making any decisions based on this information.