Cruise ships, tree treks or sunbathing on sand dunes – how do you envision your retirement?
Like most of us, your dreams of retirement probably entail rewarding yourself for the hard work you put in over the years. But a lack of planning can often mean retirement is less about exotic locations, and more about financial stress.
While retirement may seem like a lifetime a way, this is just one of many reasons why starting your retirement plan early is so important.
The good news? You don't have to do it alone.
A MyState Financial Planner can help you make the most of your retirement options, as well as avoid some common pitfalls no matter your age or stage (and yes, even if you're just a few years away from making the transition!).
How much will I need?
As of December 2015, The Association of Superannuation Funds of Australia (ASFA) Retirement Standard has stated that a couple aged 65 may need around $59,000 per year to lead a comfortable lifestyle. This includes entertainment, purchasing household goods, private health insurance and holidays.
Will I have enough?
Start planning and saving for your retirement with the help of a MyState Financial Planner today, and you can.
As well as helping you understand how much you might need at retirement, we'll help you consider opportunities to boost your nest-egg. These might include personal and salary sacrifice contributions, and transitioning to retirement on your terms using a Transition to Retirement pension. The latter may even allow you to access your super before retirement age to help you reduce your work hours.
I haven't saved. What do I do?
While it’s best to start planning for retirement as early as possible, a Financial Planner can help you make the most of the opportunities available to you regardless of how far you are from retiring.
To learn more about how MyState can help, just click below.