Big dreams, big decisions

The years leading up to retirement can be some of the most exciting of your life. If you have children, chances are they’re old enough to be independent – even if they haven’t yet moved out of home. It’s a time when you can refocus more on yourself and think about transitioning out of full-time work and into the next phase of your life.

There’s a lot to think about. Will you make major changes like moving out of the city, or starting a small business, or going back to university? Are you looking to enjoy a better work-life balance and a slower pace of life? Do you have plans to see the world or just see more of the grandkids?

Your retirement, your plan

Whatever you plan to do, you’ll need the money to do it, and for as long as you need it. There are many important decisions you need to make.

This is where a financial planner can help to simplify the process, guide you through your options and lay out a plan to start turning your retirement dreams into reality. They can help you:

  • Accumulate enough wealth to give you the retirement income you need, for as long as you need it
  • Adjust your insurance protection plan to suit your changed circumstances
  • Understand what aged pension and other Centrelink benefits you may be entitled to
  • Decide the best way to convert your superannuation and other assets into an income stream to fund your retirement years
  • Adjust your investment risk profile – perhaps to focus more on capital preservation
  • Minimise your debt
  • Put a plan in place for aged care - for yourself or any elderly family members
  • Prepare an estate management plan - and manage any tax implications.