Retirement Planning

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Planning for retirement  involves setting financial goals, estimating your future expenses, and creating a plan to save and invest. Starting early and regularly reviewing your plan can help you stay on track and take advantage of compound interest.

A key part of retirement planning is superannuation, which is the main way Australians save for retirement. Superannuation benefits from employer contributions, personal savings, and tax advantages. Besides superannuation, it’s also important to diversify your investments, such as property and shares, to spread risk and create additional income streams.

It’s essential to also consider the Centrelink options you may be eligible to receive. At the time of writing, the Age pension is worth up to $1,116.30 a year for singles and $841.40 each for couples. The age pension is indexed twice a year. Asset and income tests do apply and there are also rules around gifting, so make sure you understand the rules before you retire, so you can make the most of your options. 

Why is retirement planning important?

Retirement planning is an important part of your financial planning because it specifically considers how you will fund your lifestyle once you stop working.

Retirement planning should consider your superannuation, your investments outside of superannuation and your retirement income needs. Many first-time clients have not thought about how they will fund their retirement or what Centrelink benefits they might be entitled to. 

Properly managing your transition from work to retirement can provide you with greater certainty and confidence that you’ll have enough money to enjoy doing the things you want to do. 

How can we help?

We specialise in retirement planning. We provide personal financial planning advice tailored to your specific situation. We also provide retirement planning strategies to help you make the most of the assets you have worked hard to accumulate.  

• We provide personalised advice tailored to your unique financial situation, helping you choose the right retirement strategies to help you generate the income you need. 
• Our financial adviser holds certifications from recognised institutions such as universities, the Financial Advisers Association of Australia and the SMSF Association, which ensures you can seek expert guidance with confidence. 
• We also offer regular reviews of your retirement income and investments to check you are getting the right amount of Centrelink Aged Pension and to adapt to any changes in your financial goals, market conditions or new legislative requirements which often arise. 

At EKB Financial Advisers, we pride ourselves on helping our clients make informed decisions.

Testimonials

"My wife and I have been considering the prospect of retirement in the next couple of years, wondering if and how we could achieve this and have a reasonable lifestyle.

We decided to reach out to Dale to assist us and provide us with a financial plan for our retirement.

Dale was great, he took the time to actively listen and understand our financial requirements and retirement priorities and took us on the journey in simple, easy to understand language that made us feel at ease and excited.

At our subsequent meeting, Dale presented us with the documented plan that was carefully explained to us to ensure we understood all recommended options. We had the opportunity to ask questions which provided further reassurances that we were on the right track.

Throughout the process Dale was available by phone and email to clarify our ad hoc queries.

Our engagement with Dale has left my wife and I comfortable about our financial future and prepared for retirement. We look forward to our continued relationship as we progress towards retirement.

Thank you, Dale, we greatly appreciate the time and effort you’ve put in.”

- K,  Northcote, VIC

Make an appointment 

We invite you to make an appointment with us if you need assistance with managing your retirement plans. Call us on (03) 99692230 to make an appointment. We are able to take your call during business hours. Alternatively reach out to us on our website contact form, and we’ll call you back to arrange a time to meet. 

By understanding and managing your retirement planning correctly, we can help provide you with more certainty and confidence to live your best retirement life!