Why are some people more successfull in retirement than others? The secret lies in retirement planning.

If you’re serious about your retirement, getting sound advice from a Financial Adviser is the best place to start. Working with you, they can create a strategy that will help you reach your financial goals and look forward to a comfortable retirement with confidence.

When is the best time to start planning for your retirement?

It is never too soon to start thinking about your retirement. That said, it is also never too late to put a plan in place. A good financial adviser will be able to tailor a retirement plan to suit your current life stage, whether you’re in your early 20’s or your late 60s. Looking at your current age and the age you wish to retire forms the foundation of your retirement plan. The more time that lies between you and your retirement will influence the level of investment risk you might take. Those with 30 plus years up their sleeve can consider higher risk investment strategies, whilst those closer to the age of retirement may benefit from a more conservative approach.

What is involved in retirement planning?

In today’s costly world, you need to stay on top of your finances. The last thing you want is to be left short of an adequate income in retirement. You need to make your money go the distance. You need to turn your super or other savings into a secure/reliable income when you retire and that’s where our expert team at Insight Financial Advisers can assist you. 

Putting together your retirement plan starts with assessing your time horizon between now and the good-life (retirement). It also factors in what you would consider a ‘comfortable’ retirement. Retirement lifestyle goals are subjective. Some may envision a retirement of fine dining and travelling abroad, whilst others may envision something closer to home. Devising a retirement plan also involves looking at what approach you feel comfortable taking toward financial matters. Do you see yourself as a saver or an investor? When sitting down with a financial adviser to put a retirement plan in place, here are a few key considerations:

  • Your time horizon between now and retirement

  • Your retirement lifestyle goals

  • Your current financial position

  • Your financial approach – a saver or an investor

Want to take the first step to a financially secure and comfortable retirement? Call our friendly staff at Insight Financial Advisers on 07 55622177. We’re Gold Coast based financial advisers, servicing clients both nationally and internationally.