Preparing for retirement:

Many of us have been dreaming about this exciting time and by taking an educated approach to your retirement planning, you can improve the likelihood of achieving your desired future.

Firstly, retirement may last longer than you think. With increasing life expectancies, you now need to plan for a longer period. Therefore, the earlier you start considering your options, the more control you will have over your later years.

At Innovative Financial Services, your financial adviser can help you assess where you are now and what your ideal retirement looks like.  Everyone’s idea of the future is different – some people may be hoping for regular overseas holidays or would love to caravan around Australia, while others would like to spend their time with grandchildren or perhaps volunteering.

 

Superannuation is important:

Superannuation, or Super, is one of the most tax effective strategies and is designed to help you plan for retirement.  There are various Super strategies that may be appropriate for you, depending on your age and eligibility.

 

Tax considerations:

Tax is an important element in your overall wealth management planning.

In terms of your Super, for example, there are penalties and capital gains tax implications you need to be aware of.  A Financial Adviser can help you evaluate various options and decide on the most tax-effective way forward.

 

Pre-retirement checklist:

Consider the following to help you prepare:

  • When would you like to retire?
  • How many years of retirement do you need to provide for?
  • What are your objectives in retirement?
  • How much income will you need for the lifestyle you require?
  • How much Super will you need to have accumulated to provide the retirement income you desire?
  • Do you have any dependents that will require ongoing financial support?

A little planning can go a long way in helping you achieve your ideal retirement.

Retire to the lifestyle of your dreams

Download our 22 page guide and learn how to retire comfortably to the lifestyle you’ve always imagined.

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