Pre-Retirement Financial Advice
Get expert advice on how to maximise your savings and superannuation to fund the lifestyle you want to live in retirement.
Achieve peace of mind knowing how you will support your lifestyle in retirement
Getting expert advice at the right time is vital to achieving the retirement lifestyle you want. The longer you have to plan for retirement, the earlier compounding interest can work for you and the more choices and investment options you have. In a perfect world you would have already been receiving financial advice since your 30s and planning for retirement from then, but the reality is there are many other priorities in people’s lives during this time and superannuation usually gets pushed down the list.
The ‘pre-retiree’ window of opportunity is an important time to get financial advice. The pre-retiree life stage is generally those in their early 50s whose children are getting older and moving on. It is a time when many have more disposable income and turn their thoughts from providing for their kids, to how they will provide for themselves in retirement. Receiving financial advice at this time can help you to maximise your retirement savings, therefore giving you more options for the lifestyle you want to live in retirement.
It is a time when it is important to receive sound advice on:
Live the life you want in retirement
Our advisers can work with you to help you understand where you currently are (how much you currently have available to fund your retirement) and where you need to be (how much you need to have saved to fund the retirement lifestyle you want to live). They can then help develop a plan to make sure the two align.
Use our online calculator to estimate how much money you will have to fund your retirement lifestyle.
Our expert advisers will listen to your retirement goals and help:
They will provide you with peace of mind that you have a plan for supporting yourself in retirement.
Pre-retirement planning
You have worked hard for many years and retirement is on the horizon, however, because compulsory superannuation did not commence for some time after you turned 18 and you have spent most of your working life raising a family and paying off a mortgage, your superannuation is far lower than ideal.
Now is the time to act, there are many strategies available to support you but time is of the essence.
Case Study
Most people in their mid-50’s have been working since reaching age 16 to 20. Generally, they have raised a family and the children have left home to start their own careers. From time to time they do require the support of Mum and Dad but it is becoming less and less.
As people, in this age group, approach retirement, they start to think about the lifestyle they would like to enjoy during those years and whether their superannuation is adequate to fund their retirement.
Goals
How Did Elliot Watson Financial Planning Help?
We analysed the client’s present circumstances and identified the ongoing financial objectives needed to reach their goals. We then developed and put in place the essential wealth building strategies to achieve the desired outcome for retirement. In doing so we identified significant tax benefits that would have otherwise been lost.
The strategic direction allowed sufficient allocation of funds for wealth creation while maintaining the clients’ lifestyle.
The process included a review of both their superannuation funds, estate planning needs and wills.
Value of Advice
By implementing retirement accumulation strategies, we significantly reduced the clients’ annual income tax liability and significantly increased their potential to grow retirement savings.
The financial and investment strategies put in place allowed the clients to accumulate the necessary wealth to fund their retirement lifestyle.
As a result, they regularly travel and enjoy life to the fullest.
The estate planning strategies will allow the retirement assets to be distributed in accordance with both clients wishes.
Jim and Carolyn – Case Study – Never Too Late To Receive Advice
Testimonials
Financial Advice For Those Approaching Retirement
Our process involves working with you to achieve your financial goals for retirement. We listen to what it is YOU want to get our of life and tailor a strategy to help you achieve your lifestyle goals. Our award-winning team are dedicated to making the financial planning as comprehensive and easy as possible.
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