It is more important than ever to start planning early for retirement. With Australians living longer these days due to medical advances and a higher standard of living, it now costs more than ever to enjoy a lengthy retirement.
Recent studies showed that the average Australian male will spend 22 years in retirement if he retires at 60. That increases to 26 years in retirement for women, so now really is the time to start planning for the future.
Recent figures from the Superannuation Funds of Australia (ASFA) made harsh reading for those wanting a comfortable retirement but who have not planned for their days following work.
The ASFA found an individual looking for a comfortable lifestyle in their later years needs a yearly income of $40,297 after tax. According to current figures, that would need a savings account of $533,088 to provide that level of income for the next 20 odd years. Yet while that may scare some, all is not lost if you have not yet started making provisions for your future.
We at Complete Financial Solutions have helped thousands of people in the past with financial plans for their future, including retirement schemes that have ensured a happy retirement for couples and single people. But you have to act now. The longer you leave it, the less you will be able to fall back on when your retirement days arrive.
At Complete Financial Solutions, we gear your retirement plans all around you and come up with a personal plan that suits you individually or as a couple. Before we draw up retirement plans, we want to know all about you and what you want to do in retirement. We conduct an in-depth analysis to provide you with the most appropriate options to suit you in retirement.
We will also help you plan for the exact time you would like to stop working. Our plans evolve around how much income you might need in retirement and we work out the types of investments you are comfortable with. So whether you are approaching retirement or have many years still to go, there is no time like the present to plan for your retirement.
Our experts will guide you through Allocated Pension Schemes, Personal and Corporate super funds, Life Time Annuities, Transition to Retirement strategies, Salary Sacrifice strategies and various other pre & post retirement strategies and or products.
So it is time to start planning today to ensure you can enjoy the days of tomorrow.
