Yet, despite all you have to look forward to, the period leading up to retirement can be one of the most stressful times of your life – because of all the changes and decisions you are facing.
That’s why you really need to start thinking about retirement early and put some effective strategies in place.
Let’s look at Steve and his wife Sue. Steve is starting to think about his retirement in five to 10 years’ time and seeks the advice of a financial planner for a retirement ‘health check’. In doing so, Steve and Sue gain a greater understanding about:
- their current financial ‘state of health’
- how much they will need for a comfortable retirement
- how much Steve’s current superannuation could provide
- whether they need to save more now to live better later
- what forms of superannuation could best suit their needs
- whether there are other forms of tax-effective investing that they should be considering.
After their retirement ‘health check’, Steve and Sue are confident that they are on-track to the retirement lifestyle they have been planning.
In order to ensure that their financial strategy remains on track, and is still appropriate for their circumstances, Steve and Sue schedule an annual review with their Bridges financial planner. That way, if anything changes, their plan can be amended accordingly. As they get closer to retirement, they can also start to consider a transition to retirement strategy.
Financial advice makes a difference
If you are starting to think about retirement, why not seek the advice of a professional so you can make the most of the opportunities available? Contact us today and make an appointment with a Bridges financial planner. The initial consultation is complimentary and obligation-free.
Bridges Financial Services Pty Limited (Bridges). ABN 60 003 474 977. ASX Participant. AFSL No 240837. This is general advice only and does not take into account your objectives, financial situation and needs. Before acting on this advice, you should consult a financial planner. In referring members to Bridges, J&T Accountants & Advisors does not accept responsibility for any acts, omissions or advice of Bridges and its authorised representatives.