Superannuation and Retirement Planning
Ensuring that your money is working for you is important at every stage of life. It becomes crucial when you retire, as you need that money to support you through retirement. That is why it is imperative to invest your money wisely.
Retirement planning can assist you to plan and manage your financial situation for your retirement, so you can maintain a regular income, enjoy life and retire with confidence.
Let's say in retirement you have
3 meals a day @ $10 each = $30
7 days in a week ($30 x 7days) = $210
52 weeks in a year ($210 x 52 weeks) = $10,920
20 years in retirement ($10,920 x 20) = $218,400 (Assuming no interest has been factored into calculation)
How much do you have now?
A sound retirement plan can help you:
- Prepare for your retirement
- Select an appropriate superannuation fund
- Ensure you obtain the maximum social security benefits
- Secure your assets
- Utilise tax-efficient strategies to transfer your wealth
- Plan your estate so your loved ones are taken care of
With the right investment strategy, products such as allocated pensions and annuities can make your money work for you.
For more information on superannuation and retirement strategies, contact us to arrange a free initial interview.