Retirement Planning

When planning for retirement, there are a number of important personal and financial factors to consider, ensuring that this phase of life will be enjoyable and fulfilling. We assist you by providing information so you are aware of the factors involved before making any decisions, such as:

Desired lifestyle

How much income will be required to support your lifestyle?

Will $50,000/ $60,000 per annum be sufficient?

Major expenses

It is important to prepare a budget and to identify any major expenses planned. This may include regular holidays, home improvements or a new car.

Hobbies and interests

Transitioning from working to retirement can prove difficult for some as they adjust to the freedom of their newfound lifestyle. It may involve taking up new hobbies such as golf, cycling or meditation.

Health and personal care

To beable to enjoy an enriched lifestyle throughout retirement requires maintaining and leading a healthy lifestyle. Exercise, diet and regular medical checkups with your doctor are highly recommended. We also recommend retirees maintain an appropriate level of private medical insurance.

Financial resources

The amount of capital required to fund a retirement lifestyle is dependent on a number of factors including income needs and life expectancy. Accumulating approximately $1 million by retirement age should be sufficient to provide a comfortable lifestyle for the average retiree.

With recent changes in the age pension limits, it is possible to receive a part pension with assets of $849,500 (Couple, Homeowner).