Research has shown that Australians, who are approaching retirement, are healthier, wealthier, and face a brighter future than ever before.
Retirement can be an exciting time for people, as new opportunities are presented around work, interests, family and friends. But it can also be an emotional time, as people try to establish new routines and new sources of fulfilment. Planning and experimentation are key ingredients for making the most of the journey.
With around 90% of workers now in compulsory superannuation schemes many Australians are facing a more secure retirement than ever before. Despite this, many Australians will have far less than they need to live comfortably in retirement.
The decision to retire permanently largely depends on whether you have the financial resources available to last the rest of your life. If you think you have enough and want to retire soon, our adviser can help with the transition by ensuring that the most tax effective strategies are considered.
If you don’t yet have sufficient money to retire permanently or you want to keep working, a pre-retirement pension is an option if you are over 55. You can also continue to contribute back into your super to maintain or even grow your super balance for when you retire permanently.
There are several strategies you can use to get your super working harder to ensure that you will meet your retirement goals if you are still in the workforce and planning towards retirement. You may also need to consider whether your investment strategy in the lead up to retirement is too conservative or too aggressive.
An Investment Options (Aust) financial adviser can help make sure you’re as ready as you can be so that you’ll look forward to your retirement.
To find out how we can help you plan a successful retirement – Call Investment Options (Aust) today on Ph. 4775 5199.
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