Retirement Planning
Retirement is often a marker for lifestyle change. Whether its planning to retire to the beach, spend time with the family, or travel the world, we all need a ‘plan’. Even for the best of us, sometimes the plan and the reality need a little help meeting up.
Financial advice is how your retirement dreams become reality.
The Retirement Conundrum
One of the most important aspects of retirement planning involves what we call the ‘retirement conundrum’.
Invariably people swing one way or the other, at the extremes, we either run out of money, or we run out of life.
A financial adviser helps provide the balance, enough money to live the life you want, enough life to enjoy the retirement you worked so hard for.
Having a financial plan designed for you by your financial adviser ensures that you know exactly what your money is doing at all times. It helps you know where that perfect balance of blissful retirement and financial security sits, and ensures your finances aren’t causing you any stress. We worry about your money, so you don’t have to.
The Big 3 of Retirement Planning
How much is enough to live on?
This is the first step of a successful retirement plan, and the answer to this question is different for everyone. It depends on the expenses you expect to have in retirement, the assets you possess, and the lifestyle you want to live.
Your financial adviser will be able to calculate the amount needed for your retirement, while taking into account the lifestyle and experiences you want to have.
How do I live the lifestyle I want?
There are a number of different costs that occur when someone enters retirement. Stopping work provides a large amount of time for hobbies, travel, family, and more. Additionally, it has to be taken into consideration that as you age there will be increased medical costs to keep yourself healthy.
Your financial adviser can help you work out the costs of your ideal lifestyle, and how you can achieve that based on your current situation.
How do I achieve financial security in retirement?
Whether you’re already retired, or you’re planning your future retirement, financial security is a big deal. No one wants to go back to work after retirement, so organisation is essential.
Your financial adviser can ensure that you don’t have any financial worries in retirement. A well planned retirement portfolio, tailored to your interests and needs can protect your assets, earn its own income, and set you up for a great retirement.
Tupicoffs work with clients approaching or already in retirement, and are experts in setting you and your finances up for an enjoyable and profitable future. We have extensive expertise in superannuation, self managed super funds (SMSFs), and retirement appropriate investment portfolios.