How much you can afford to spend in retirement is determined by a number of different factors including investment markets, your investment portfolio, the balance of your superannuation and also lifestyle factors. The right financial planner and advice means you will have confidence in maintaining your lifestyle at the standard you desire for the rest of your life.
Ken and the team at Invest4life take the time to understand your individual circumstances and listen to your retirement goals to help you plan for the future you deserve.
Understanding your expected spending patterns and ensuring you have an appropriate investment and drawdown strategy will help you determine whether you can support the life you desire in retirement.
Retirement for you could be a long way off, or it might just be around the corner, no matter what stage of life you’re currently at, it is never too early to start thinking about how you can make the most and plan for your retirement years.
One of the most important steps in your retirement planning is figuring out how much you’ll need to spend each year to support your desired retirement lifestyle. However, many people struggle to plan for the various stages of spending that they may require as they move through their retirement years.
Have you thought about the type of lifestyle you’d like to lead when you retire? Will you be travelling the world? Or maybe you’re thinking of downsizing your home? Whatever your plan, it’s important to have a spending and investment strategy in place now that is flexible enough to respond to a variety of factors and risks, including the changing patterns of your retirement income needs. Unexpected lump sum expenses, external influences on retirement savings such as adverse market movements and regulatory changes (eg variations to Age Pension and superannuation rules) must be considered. Don’t leave your retirement years up to chance, the time to start planning is now!
It is imperative to have a trusted financial adviser who understands your drawdown strategy, can offer sound advice and helps you to make decisions about your investments to ensure your financial security. Invest4Life can advise you on the preparation for retirement, including the acquirement of income stream investments from pensions or annuities where necessary.
Contact Ken and his team at Invest4life now to start securing your future today.