As your children become independent and mortgages are paid off it’s time to re-evaluate your financial situation to ensure you are in the best position for retirement and beyond. A financial planner can work with you to maximise financial opportunities and ensure you have planned for a stress-free retirement with the financial means to enjoy life.

At this stage in your life you will want to maximise the money available to you in retirement and plan for your estate. Consider:
– taking advantage of super strategies (especially pre-retirement);
– ensuring the right estate documents are in place (i.e. Wills & PoA’s); and
– making your family aware of your plans.

A financial planner can walk you through all these important factors and remove the worry of having to make these decisions on your own.

Take David and Kathy for example: David is 47 and self employed drawing an income of $50,000 and Kathy is 45 working for the local state government receiving a $60,000 income. Between them they own a couple of investment properties worth $1.4 million and have an overall debt of $610,000. They plan to retire in three years but are unsure of the right strategies to do this and still achieve their retirement goals.

By engaging with an Adviser fp financial planner to help plan their transition to retirement, David and Kathy are now well positioned to enjoy the future lifestyle they deserve. After considering their goals, their current financial position and where they want to be in three years, their financial planner used his experience and knowledge to suggest investment strategies that will work towards achieving these goals.

“For many people in their 40’s, building a non-Superannuation retirement portfolio is just as important as getting their Superannuation on track, especially when they have plans to retire (either partially or fully) before they can access Superannuation at age 65”

Did you know that only four in 10 Australians have a legal will?

If you haven’t already made plans for your estate, now is a good time to make
these decisions and have your financial planner organise the necessary
documents in line with your requests. It’s also a good idea to make your
family aware of the decisions you have made to avoid any surprises during a
difficult time.

If you haven’t started planning for your retirement, now is the time to contact us to make an appointment with one of our financial planning team and make your future dreams become a reality.