Retirement often means different things to different people because after all we are all in some way unique. Often when people get towards the stage of their life where they start to think about retirement they have many questions. These questions might include ones such as “how much income will I need in retirement to support the lifestyle I want to lead”, “how much capital will I need to reliably provide that income”, “are there likely to be one-off expenses at or near retirement such as settling the mortgage or buying a vehicle”.
Navigating the maze of superannuation/pensions legislation, taxation and social security can seem very daunting, especially if you have to deal with multiple sources of information from different government departments and the like.
What to invest your funds in and how to house those funds can likewise be very complex, especially when you want to preserve your capital as best you can, reduce or eliminate your taxation liabilities, potentially access some form of government assistance and try and ensure that you don’t “run out of money before you run out of life”.
We can help to simplify and demystify these issues and advise you on the most appropriate course of action for you to make the most of your situation without taking any unnecessary risks with your life savings.