Retirement Planning

Are you positioned effectively to live your best life in retirement?

Why Retirement Planning is Important

It’s important to understand what lifestyle you want to achieve once you cease work and how you currently sit today in being able to meet this goal. It’s important to understand this so you can identify any shortfall and start putting in place a plan to start bridging the gap.

  How Much Do You Need To Retire?

Common Areas to Consider

Some of the common considerations when it comes to planning forward effectively include:

• Budgeting
• Future modelling to help ascertain shortfalls and taking into account inflation over time
• Suitability of investments and investment strategies.
• Contributions to superannuation
• Investing outside of superannuation
• Tax minimisation
• Centrelink
• Ensuring future plans are protected should you suffer injury or illness.

When You Should Start Retirement Planning

Ideally the sooner the better. The more prepared you are, the better the outcome generally at retirement. Being prepared sooner also allows you to benefit from compounding long term investment returns and to take advantage of opportunities to build wealth over time.

How We Can Help

Whatever your age, there are things than can be done to help your overall position to help provide a better standard of living in retirement.

At Lambourne Partners, we have many decades of experience in helping people plan for their future and provide a better standard of lifestyle in retirement. Should you wish to start discussing your future plans with us, please contact us below or call us on (02) 4969 6600.