Retirement Planning

Australians are living longer and retiring earlier, with some people now spending more than a quarter of their lives in retirement.

But how far will your super stretch? What kind of life do you want to live?

Your retirement should be a time to enjoy the rewards of your hard work and savings.  Whether you are retired, close to retirement or it’s a fair way off, retirement planning is essential for all Australians.

Ask yourself these questions:

• Do I know how much money I need to fund a comfortable retirement?
• Do I know the best way to fund my retirement?
• Is retirement too far off to start worrying now?
• What is salary sacrifice?
• When can I access my super?
• What are my options when I retire?
• Will I pay tax on my super if I take a lump sum?
• What are the different types of income streams I can access in retirement?
• Can a Reverse Mortgage assist me in retirement?
• I've already retired and I’m just living off what I’ve managed to save. Will this money run out or can I change my strategy even now?

If you don’t know the answers to these questions then you could well be on your way to a financially difficult retirement (or you may already be there!). Your future doesn’t have to sound so gloomy if you take action now.

Contact a Robertson Scannell Financial Planner to commence your retirement planning.