A John Bellas Financial Services Pty Ltd financial adviser can help you make sure you are as ready as you can be so you are able to look forward to your retirement.
Retirement Planning
Thanks to our high standard of living and medical advances, Australians are living longer than ever before. A male retiring at age 60 will likely spend around 22 years in retirement and a female 26 years*. While this is good news, being able to enjoy such a lengthy retirement may cost more than you think. Good retirement planning is key to making sure you’re ready for the future.
According to the Association of Superannuation Funds of Australia (ASFA), an individual seeking a comfortable lifestyle needs a yearly income of $40,297 (after tax) ^. That requires savings of $533,088 at retirement to provide this level of income for the next 20 years +.
Planning Ahead
When we draw up a plan, we conduct in-depth analysis to learn about you and understand your current situation and goals so we can present you with the most appropriate options to suit you in retirement.
We can discuss your ideal retirement lifestyle and when you’d like to stop working. We can also help you work out how much income you might need in retirement and gain an understanding of the types of investments and risks you are comfortable with.
Whether you are approaching retirement or still a few years away, it’s important that you understand all of the options available to suit you and your ideal retirement such as:
- transition to retirement strategies
- boosting your super
- allocated pension
- personal insurance requirements
- tax-effective strategies
- annuities and
- estate planning
*Australian Government Actuary, Australian Life tables 2005-07.
^Westpac ASFA Retirement Standard, Comfortable lifestyle, Single March 2012.
+Colonial First State. May 2012. Assumptions earnings 7.7% with inflation at 3% paid via an indexed pension and net of all fees and taxes.
Make an Enquiry
If you would like to discuss your situation or make an enquiry, please contact us through our contact form below.